Hey Snackers,
Sometimes we dream about picking up and living in some other country, but we speak only English fluently, Canada seems mad at us right now, and Australia is too far from our family. Turns out, we’re not alone in perusing job listings across the pond: the number of Americans looking for “jobs in the UK” is surging.
US stocks slid, with tech leading the way down as chipmakers face additional curbs on what they can sell to China. Major indexes extended losses after Fed Chair Jerome Powell reiterated the message that the central bank is in no hurry to respond to the hit to growth from tariffs because these levies will also put upward pressure on inflation.
P.S. The US stock market is closed tomorrow for Good Friday; we’ll hop back into your inbox on Monday.
An increasingly fun thing I’d be down to try again
Something exciting is happening on the high seas, as companies like Disney, Carnival, and Norwegian have managed to take a vacation experience that had become practically synonymous with older customers — cruises — and make them floating resorts attracting hoards of the young.
They’ve tweaked the product, jamming in the kind of experiences and attractions that are catnip for your bog-standard millennial with disposable income and a complicated relationship with their own sense of nostalgia. It’s a huge hit:
The average age of a cruise ship passenger is now 46, the Cruise Lines International Association reported, down from 49 less than 20 years ago. More than a third of passengers traipsing up the gangway to board are now under the age of 40.
The tide has turned: more than 35 million people worldwide are likely to take a cruise this year, up from about 22 million in 2015, just over 10 million in 2005, and fewer than 5 million in 1995.
Disney’s cruise offerings are a major inspiration behind the drive toward premium experiences onboard rather than following the same old trends. The company is bringing its experience with amusement parks to ship design and capitalizing on its fanbase’s willingness to spend.
The Takeaway
“I’ve worked closely with tourism boards and brands, and one trend is clear: younger travelers are making fast, confident booking decisions but expect full flexibility and elevated experiences,” travel expert Jiayi Wang said. “That kind of customer is gold for cruise lines, and they know it.”
The window to take advantage of a major market shift is closing
1983 – Motorola released the first commercial phone.
1992 – Nokia turned phones into personal devices.
And when Apple released the first iPhone in 2007, the industry changed forever. But that was 17 years ago…
Another paradigm shift is happening now, and Mode Mobile is leading the charge. But the current opportunity to invest in their company at $0.26/share1 is closing in under two weeks.
Their EarnPhone is a smartphone that pays users for activities like playing games, listening to music and even charging their phone. It’s this new business model that fueled Mode's electric 32,481% revenue growth between 2019-2022.
Don’t miss your chance to invest2 at $0.26/share1 before the opportunity closes.
Satellite photos show Tesla’s production glut is a thing of the past
Last year Tesla had a problem so big you could see it from space — literally. The company was producing way more vehicles than it was selling, and as a result, it was forced to stash that excess outside its factories, in parking lots, and at ports around the world that, yes, you could see from satellite imagery.
This year, the photoshoot is in and the results are clear: those parking lots are looking nowhere near as full. But is that a good thing?
Sherwood News had satellite analysis company SkyFi use its software to detect passenger cars in Tesla’s numerous parking lots and estimate how full those lots were then and now.
In the last year, Tesla still produced more cars than it sold — sales saw a record drop last quarter — but the excess at least isn’t showing up as much outside its Giga Texas factory.
About a third of the vehicles in one large lot outside of Giga Texas appear to be Cybertrucks, which have been especially difficult for the electric vehicle company to sell.
The Takeaway
On one hand, parking lots full of unsold Teslas were a bad sign — and those parking lots emptying out might be an even worse one, as Tesla has suspended shipments of parts in response to tariffs. On the other hand, it’s not often you can see a shift in corporate strategy from space, but this is one of them: as CEO Elon Musk tries to pivot Tesla from a car company with tight margins into a much more lucrative AI and robotics business, you can see the effect from low-Earth orbit.
Last Chance to Invest in the “Uber” of Smartphones Before Price Changes
How did Uber and Airbnb completely revolutionize their industries?
They turned everyday assets into income—and built massive empires. Now, Mode Mobile is aiming to do the same in the $500 billion smartphone industry.
Named the #1 fastest growing software company in 2023 by Deloitte3, this round of Mode’s pre-IPO offering4 at $0.26/share1 is closing soon.2
The Most Fun Thing We Read Today
AI model names are a branding disaster. Take our quiz to see if you can tell which are the real model names and which we made up.
Yesterday's Big Daily Movers
Nvidia tumbled after the US limited exports of H20 chips to China, “a big chip on the table” in the trade war
Semiconductor equipment maker ASML also sank after soft sales and an uncertain outlook
Hertz hit the gas after Perishing Square announced a roughly 4% stake in the company
Off The Charts
Which multitrillion-dollar tech company has had waning sales to China (based on the customer’s billing location) as a share of its total revenues?
What Else We're Snackin'
Apple has erased all the gains it made since Friday’s iPhone exemption news
Sales of new vehicles spiked 30% in March for the highest volume total in about four years
Analyst warns, “Technically, the market does not look healthy right now”
United Airlines’ dual forecasts have a deeper, ugly message about the outlook for US stocks
Share price is changing – act now. The current opportunity to invest in Mode Mobile’s pre-IPO4 offering at $0.26/share1 is closing in under two weeks. Invest2 at $0.26/share now.
Snack Fact of the Day
Meta offered ~$29.5 billion less than the FTC wanted to settle its antitrust trial.
Thursday's Events
Earnings expected from TSMC, UnitedHealth Group, Huntington, American Express, D.R. Horton, Ally, and Netflix