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Daily Scoop 11-9

Daily Scoop 11-9

👋 Your Tuesday Scoops - Robinhood hack & AMC's cinematic adventure

November 09, 2021

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Today's Scoop:Paused

Big Picture

Inflation is high right now.
Cryptocurrency prices are breaking new records.
Corporate profits are strong.

The Market

⬇️

-0.4%

S&P 500: 4,685.25

1Mo:

+7%

| 1Yr:

+32%

| 5Yr:

+116%

Markets declined for the first time in almost two weeks today as investors started worrying about inflation again. Prices for wholesale goods up the supply chain, measured by the Producer Price Index, rose 0.6% in October, increasing 8.6% over last year. That rise was what economists expected, but just seeing the number got people spooked. We'll hear about consumer prices tomorrow. Meanwhile, more than 80% of corporations have exceeded profit expectations this quarter. Cryptocurrency prices are on the rise, with Bitcoin and Ethereum hitting new records.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Robinhood

hack exposes millions

AMC's

recovering but needs a hero

Roblox

proves gaming growth

PayPal's

expanding Venmo

Walmart's

driverless trucks on the road

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

When providing their financial reports, aka earnings reports, companies might break away from the basic terms like revenue or sales, using terms like bookings or deliveries. There's a standard set of accounting rules that companies use, but if those don't capture a unique business model appropriately, companies can highlight their own supplemental metrics. Digital marketplaces like Roblox use the term bookings, which occur when a customer commits to spend money with a company, equal to the amount of virtual currency purchased by customers within a given period of time. The actual revenue earned from the games might be deferred for several months until the users spend the currency in the gameplay.