Big Wins, Big Money & Bigger Moves!
How are you doing buddy??I know you have missed me but don't worry I am here for you. (As usual) ??
Before we go ahead with our gist for this week, Don't forget to automate your investments with Recurrent Trade - which allows you to invest in your preferred assets, effortlessly.?
18.9 Million New Besties and Big Moves Ahead
Whoa! Netflix just served a banger, and we’re all here for it. The streaming OG announced a jaw-dropping 18.9 million new subscribers in Q4. Analyst had only expected 9.18 million but Netflix had other plans.. (someone hand them a tissue; they weren’t ready). ??
Revenue and earnings smashed expectations. The money gang is officially in session, with revenue for Q4 hitting $10.25 billion,? (yep, ahead of Bloomberg’s $10.11 billion estimate). Oh, and guess what? They’re dropping a casual $15 billion stock buyback, flexing harder than Squid Game’s red jumpsuit gang.
And while we’re here, Netflix is planning a small ahem price hike. Yes, the US, Canada, Portugal, and Argentina are about to feel this, but with NFL games, the Squid Game comeback, and that epic Jake Paul vs. Mike Tyson showdown, no one can even be mad at this point. Loyalty stays strong, for now. (hope I’m speaking your mind ??)
This year,? the company’s revenue projections are now between $43.5 billion and $44.5 billion, up from $43 billion to $44 billion. Meanwhile, Q1 revenue guidance of $10.42 billion missed analyst hopes of $10.48 billion.?
But honestly, who’s sweating? I mean with great numbers like these, Netflix is still that friend who brings the premium snacks to the party.
OpenAI, SoftBank, and Oracle Join Forces
Ladies and gentlemen, prepare yourselves for Stargate, not the movie but the real deal.?
OpenAI, SoftBank, and Oracle just dropped the mic on a $100 billion initial investment, with plans to hit $500 billion in AI infrastructure over the next four years. ??
And they’re calling it… Stargate. Cool name, huh? It’s like something straight out of a sci-fi blockbuster, but nope buddy, this is real life. This venture is all about building an AI supercomputer and tech infrastructure for the future.
The squad: OpenAI’s Sam Altman, SoftBank’s Masayoshi Son, and Oracle’s Larry Ellison showed up to the White House this week to make things official. Apparently, the vibes were immaculate because Oracle’s shares jumped 6% after the announcement.
Investment in AI has gone through the roof since OpenAI dropped ChatGPT in 2022. Everyone wants in. And now, Stargate is looking to change the AI game completely.?
Just imagine massive data centers, high-powered chips, and tech innovation so advanced, Whoa buddy! the future is now!?
Wema Bank is Raising the Stakes to N200B!
Let’s talk about Wema Bank,? the genius behind Africa’s first digital bank, ALAT. This legend is turning 80 in style, announcing plans to raise a cool N200 billion through Rights Issue and Special Placement because they’re gunning to exceed the CBN’s minimum capital requirement for national banking authorization.?
Wema bank: ????
The bank had already wrapped up the first phase, raising N40 billion in 2024, which covered over 30% of its goal. Now, the second tranche kicks off on April 1, 2025. CEO Moruf Oseni isn’t playing games.? He’s hyping his team up, calling them "determined and driven professionals."?
Oseni also promised transparency throughout the process, assuring stakeholders that Wema Bank is all about delivering value. "This capital raise is a win-win for everyone," he said. (Mic drop!)
With the CBN recapitalization deadline set for March 31, 2026, Wema Bank is on track to crush the target well ahead of schedule.?
What are you waiting for?!?!
Forget not this ministry of yours: Tell a friend to tell a friend to:
Until next time folks!
Catch more gist on our social media pages
Your dearest and favorite Stocks Market Gist Partner,
Tomi, From Trove???
CNG Instructor||Administrative Assistant||Network Engineer||Technical Support Analyst in Networking
1 个月Newsletters are never dull with Trove! If you’re coming across this for the first time, grab a seat and some popcorn ??—you’re in for an exciting journey. Kudos to the team for consistently delivering engaging updates to their customers via mail and now here…..I always look forward to your Newsletters!