It was not a whole year ago when Zuckerberg went online to unveil Meta as the new identity of the social media company. Prompted by the move into the metaverse, the new identity and new direction looked compelling.
Last month saw the first signs of companies making cuts to stave off the further threat of recession. This week more companies are facing the threat of recession, while others suggest that Winter is coming.
Billionaires and politicians and whether we trust them was a question that Elon Musk asked this week.
With interest rates rising, banks like JP Morgan and others will be able to finally make a larger return on their loans.
Apple, Microsoft, Alphabet, Meta, Amazon, Netflix (the FAANGs) and Tesla are all down this week. Tesla has taken the largest dip, dropping by over 15% this week. The FAANGs have only performed slightly better.
This is an incredibly difficult time to write about capital markets, let alone predict any type of future. Words like ‘financial warfare’ and ‘uninvestable’ are becoming daily topics on most news channels. The Central Bank of the Russian Federation is facing its biggest challenges in recent times. Gazprom is still heating much of Western Europe. In the meantime, the Moscow Stock Exchange remains shut. Its future remains uncertain.
This situation highlights what many are beginning to see as the main issue of junior markets like AIM. Although ASOS was able to build a successful company while listed, they’ve reached a pivotal point where growth is no longer possible without graduating to a main market.
