Thursday, Oct. 26th

Important news for busy CEOs

Hello CEO,

While you were busy growing your empire

1. 📈 US Economy Surged In Q3

Consumers felt confident to dip back into their wallets in Q3 amid a strong job market and falling inflation. The GDP also exceeded forecasts to be at its strongest since late 2012. However, don’t expect this pace to last… Read more here.

2. 🚗 The Truth About EVs Comes Out

Auto execs have had to admit that their ambitious plans for electric vehicles aren’t going as planned. Inventories are growing but sales are slowing, putting multi-billion dollar strategies at risk. Overall, the current push just isn’t sustainable… Read more here.

3. 🥽 Meta’s Metaverse Is Dying

Meta’s big bet on the metaverse isn’t paying off. They’re facing a $3.74 billion operating loss in their Reality Labs division, according to documents. The metaverse was touted as our technological future, but that may not pan out… Read more here.

4. 😬 Everything Musk Did Wrong

This piece rounds up every wrong move X and Elon Musk made since he took over a year ago. That includes API controversies, a strange rebrand, and Musk’s own personal brand. Take this a playbook of what not to do… Read more here.

5. 😎 Taylor Swift Is Now A Billionaire

It was the opposite of a cruel summer for Taylor Swift, who is now a billionaire according to an analysis. That’s largely due to the success of her summer tour. But more than her personal wealth, this shows how the entertainment industry is evolving… Read more here.

Bonus. Stat Of The Day

In 2022, it was reported that Meta’s Horizon Worlds had less than 200,000 monthly active users.

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Produced by: @MarketingMax​

Thanks for being an important part of my journey 🙂