Iceberg, right ahead!
-lookout for the Titanic and Twilio’s Q4 guidance
- The company reported adjusted EPS of $0.01/share vs. the forecasted loss of $0.14/share.
- Twilio projects an adjusted Q4 loss of $0.23 to $0.26/share vs. analysts estimates for a loss of $0.10/share.
- Revenue for the quarter was forecast in the $760M to $770M range, which was above the Street’s estimates of roughly $745M.
- The company also announced that COO George Hu would be stepping down. CFO Khozema Shipchandler (he should have been a naval officer with that name) will assume the chief operating duties.
RBC Capital Markets, Mizuho Securities, and Macquarie Research, to name a few, maintain a buy to outperform rating on the company’s stock.TWLO put in a low for 2021 of $275.60 on May 11th. Shares traded as low as $278 Thursday morning. It is an interesting situation and something to monitor to see if buyers decide to build support in this area.
Shell of a company
(Shell on the Senate floor.)
Oil giant Shell posted disappointing earnings on Thursday, with $4.1B in revenue compared to last quarter’s $5.5B. If you think that’s bad, take a look at their Q3 2020. Shares dropped roughly 3% on the news, and closed yesterday at $47.44, down 5% from Wednesday.
- Shell’s stock has risen 41% this year, but that’s not as good as it sounds, because the share prices dropped 45% in 2020 — something that could be attributed to the COVID-19 pandemic’s public health push to contain the virus’ spread by keeping people at home. Given that this stock’s boost may also be attributed to a global energy supply crunch, 41% isn’t so rosy.
- Third Point’s Dan Loeb –who has a $750M stake in Shell– called for the corporation to break up into separate companies that would distance their natural gas and renewable ventures from their old oil & refining business.
- That’s probably not going to happen, though. Shell loves itself too much to engage in any sort of conscious uncoupling.
Loeb wants Shell to split so that its natural gas and renewable initiatives don’t go down with what he thinks is the oil company’s sinking ship. If there’s a break, gas and renewables could escape some of the PR sh*tshow Shell’s may be facing after being questioned by Congress about potentially misleading the public for that their products impacted climate change for nearly 50 years… allegedly of course. Aside from that, Shell’s probably going to keep recovering now that rona’s under control.
Welcome to the Metaverse
-a live look at Zuck yesterday
Today the company formerly known as Facebook (FB) announced that it will be known as Meta going forward. Pulling a Ron Artest, huh? The term is short for metaverse and comes from the comic book and science fiction realm. For those of us who are normal humans, think of it in terms of that Spider Man movie from a few years back where there were a bunch of different Spider Men, and the existence of a metaverse allowed them all to exist in one place. Including one that was a pig. Yes, a pig.
- The ticker symbol will be changing to MVRS on December 1, and I mistook it for MRSA like the first five times I read it.
- The newly christened Meta will organize and report in two segments: Applications, which are Facebook, Instagram, WhatsApp, etc. and Reality Labs, the hardware business such as Oculus.
- Reading the company’s plans from the Connect conference, it sounds like the company has ambitions of substituting the real world with the metaverse, so basically we will soon be living in the matrix. #TeamBluePill
- I think the biggest impact here is the beloved FAANG acronym… MAANG does have a ring to it thoughâ¦