Friday, Oct. 27th

Important news for busy CEOs

Happy Friday CEO!

While you were busy growing your empire

1. 🤑 Jamie Dimon Sold Shares

JP Morgan’s “crystal-ball-seeing” CEO is selling some stock for the first time since taking over in 2005. He likely knows something we don’t, so… if he is staking some chips off the table you might want to also. Read more here.

2. 🤖 Google BetsOn Enterprise AI

Not only has Google been building its own ChatGPT competitor but they are now investing $2b in OpenAI’s competitor Anthropic. They seem to be more enterprise-focused, counting Slack, Notion, & Quora as customers. Read more here.

3. 🐻 Big Short 2.0

Michael Burry, for whom the movie ‘The Big Short’ was based, made some bearish bets against the S&P 500 & Nasdaq this year, which just paid off. Turns out he’s not a one-trick pony and we should all tune in… Read more here.

4. 💕 Love Story: Kraft & Taco Bell

After a few first dates, Kraft Heinz is doubling down in the Mexican cuisine category and just expanded its partnership with Taco Bell. The new monetization possibilities are endless on both sides. Read more here.

5. ☁️ Microsoft Beat Google’s Cloud

Microsoft’s Q3 cloud sales surged as Google’s struggled. Both CEOs touted their AI capabilities and excitement but Google just can’t seem to break past third in the space, behind Amazon & Microsoft. Read more here.

Bonus. Stat Of The Day

In a recent survey, only 5% of small business owners said it’s a good time for them to expand their business. The lowest in decades.

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Produced by: @MarketingMax​

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