Host's portfolio outperforming S&P 500 and QQQ solely through distinct company holdings.
EU pressuring Meta, previously Facebook, to offer free ad-supported plan without data tracking.
Deep dives
Portfolio Performance Analysis
The podcast host reviews the performance of his portfolio for the first six months of 2024, emphasizing that the gains made were solely from the portfolio itself without any additional capital added. With a 28% increase in money-weighted returns year to date, the host outperformed the S &P 500 and the QQQ, doubling the performance of the former by holding distinct companies that significantly differ from the index constituents.
EU Regulatory Challenge on Meta
The EU is targeting Meta, previously Facebook, over its pricing models, specifically focusing on the absence of a free option without data collection for ad targeting. The EU demands a third choice for users, claiming that the current dual-choice model violates laws. Criticized for potentially rendering ads ineffective, Meta faces pressure to adapt to the stringent regulations to offer a free ad-supported plan without data tracking, which could potentially impact its profitability in the EU market.
Redbox Bankruptcy
The podcast highlights the bankruptcy of Redbox's owner, Chicken Soup for the Soul Entertainment, accentuating the company's financial distress. Redbox, known for its DVD rental vending machines, faced employees' payroll delays, health insurance lapses, and asset repossession due to monetary challenges and missed payments. With extensive debts exceeding $970 million, the company struggles to find financial viability, showcasing a decline in its physical media rental business amid the rise of digital streaming services.
My full portfolio performance so far in 2024. The EU goes after Meta. Redbox goes out of jail. And fund managers get a new excuse for underperformance.
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