Hey Snackers,
Eggs are getting so expensive that Waffle House has added a surcharge of $0.50 per egg and someone recently stole 100,000 eggs worth $40,000 from a farmer in Pennsylvania. The New York Times even put out a list of what you can use instead of eggs if you’re scrambling to find any as shortages hit the US.
The S&P 500 and the Nasdaq 100 closed yesterday with solid gains, with Nvidia climbing as Morgan Stanley doubled down on the chip designer as its top pick in the sector. Meanwhile, Meta booked its 14th consecutive day in the green, a record for the stock. Amazon reported record sales in their earnings report after the bell, but investors didn’t like the company’s lower revenue guidance and shares sank after-hours.
Before you tackle your Super Bowl shopping, see how you score in our Snacks Seven quiz. Here’s the first q:
What has Super Bowl LIX already set records for?
(Check your answer.)
Trump Media’s bitcoin “plus” ETF
It’s been a big week for crypto, with President Trump’s “crypto czar” David Sacks holding his first presser Tuesday, where he said he hopes to foster “a golden age in digital assets” and stressed that laying out a “clear regulatory framework” for stablecoins is his first order of business. He also told CNBC that a top agenda item for his new task force is evaluating “the feasibility of a bitcoin reserve.”
Trump went for a splashier crypto announcement, becoming the first president to launch a bitcoin ETF — or any ETF, for that matter.Â
Trump Media & Technology Group launched its fintech brand Truth.Fi last week, and said yesterday that it’s applied for trademarks for a slew of “America First-themed” ETFs. CEO and Chairman Devin Nunes said, “We’re exploring a range of ways to differentiate our products, including strategies related to bitcoin.”Â
On Wednesday, the maxi of bitcoin maxis, Michael Saylor, announced that MicroStrategy would now be known as just “Strategy,” and a few hours later reported its largest-ever increase in quarterly bitcoin holdings. Micro— sorry, “Strategy” has long been seen as a bitcoin holding company, and this latest rebranding makes that official.Â
The Takeaway
While news moved fast on bitcoin this week, what didn’t move a lot was bitcoin’s price, which, after a brief spike on Tuesday to $102,000, has largely stayed in the $97,000 range for most of the week.Â
Right now, while it seems there’s momentum for the US government to finally enact clearer regulation, officials are still using a lot of ambiguous words like “evaluating” and “exploring” when it comes to next steps, so traders may be hedging their crypto bets until more definite moves are made.
Today’s Fastest Growing Company Might Surprise You
🚨 No, it's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering.1
📲 Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s most recent fastest-growing companies list2 by aiming to pioneer "Privatized Universal Basic Income" powered by technology — not government. Their flagship product, EarnPhone, has already helped consumers earn & save $325M+.
đź«´ Mode’s Pre-IPO offering1 is live at $0.26/share,3 and 20,000+ shareholders already participated in its previous sold-out offering. Mode has just been granted the stock ticker $MODE by the Nasdaq1 and are quickly approaching their fundraising goal.Â
Invest4 in their pre-IPO offering at just $0.26/share3 before 2/20.6
How Musk’s businesses benefited from government support
As Tesla CEO Elon Musk’s DOGE team gains access to US government agencies’ computer systems to root out suspected waste and fraud, many are surprised to learn about some of the things the government pays for or helps fund, like subscriptions to news publications or National Public Radio. Whether or not you agree with that use of funds, it’s interesting to take a step back and remember that Musk’s own businesses have had a helping hand from the government.
Tesla was given a pre-IPO loan by the Obama administration in 2010 of $465 million through the Department of Energy to expand its business and support a domestic EV industry. It’s also received $64 million in total state and local tax incentives for its Texas Gigafactory, as well as $1.3 billion in incentives for its sprawling Nevada Gigafactory.
SpaceX counts the US government as a key customer for launching satellites and sending astronauts and supplies to the International Space Station, and has received over $18.5 billion in revenue from the Department of Defense and NASA. Ironically, SpaceX’s Starlink had contracts with USAID, a target of Musk’s cost-cutting campaign.
The Takeaway
While it’s easy to grab attention by calling out silly examples of government spending — many of us remember the outrage over the $14,000 toilet seat or the $436 hammer — it’s also important to remember the government has helped many entrepreneurs and small businesses launch and thrive. It’s not just Tesla and Musk — huge corporations like Apple, Nike, and FedEx have all received help from the federal Small Business Administration.
Worth a read
Why are weed stocks rallying?
It’s difficult to pinpoint what causes a swing in cannabis stocks. The cohort lacks much institutional investment, so stock prices are less tied to analyst ratings or estimates. We tried our best.
The Smartphone Story Isn’t Over Yet…
Uber did it to taxis, Airbnb did it to hotels… And now, Mode Mobile is doing it to the $500 billion smartphone industry.
Turning phones from an expense into an income stream, they’ve put $325M back in customers’ pockets and seen 3-year revenue growth of 32,481% from it. With +45M users already earning, this could be the biggest disruption to smartphones since the iPhone.
Invest at $0.26/share3 before 2/206 and earn up to 100% bonus shares5 for a limited time.4
Yesterday’s Big Daily Movers
Ford shares skidded after it forecast less profitability in the year ahead.
Luxury is back as Ralph Lauren and Tapestry (owner of Coach) reported impressive quarterly results.
Roblox had one of its worst trading days ever after a gloomy forecast and a decline in users.
What else we're Snackin'
Retail traders are breaking all records, surpassing 2021 records for activityÂ
Starbucks drinkers are both delighted and confused by scrawled Sharpie doodles
The president of Colombia (where most cocaine comes from) tries to convince the world it’s “no worse than whisky”
This tech company grew 32,481%... No, it's not Nvidia. It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.2  Don’t miss your opportunity to own4 shares in their rapidly growing technology at just $0.26/share.3
Snack Fact of the Day
Friday
January jobs report
Earnings expected from Cboe
Advertiser’s disclosures:
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
2 The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
3 The investment minimum is $999.96
4 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.
5 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
6 Existing applications that are not completed within two weeks after the 2/20 deadline will be voided by Mode Mobile. Potential investors can restart a new application but they won't be able to resume their existing one.