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- 🤕 Do you have whiplash yet?
Our film finance opportunity has generated well over $3 million in interest from the community -- a new record. We're looking to finalize commitments this weekend.
Confirm your commitment here if you’ve not already done so.
It's been so successful that we've decided to Co-GP the fund with the original sponsor, Chris K. Daniels.
That means Altea will manage the administration, we get voting rights, and we'll be with you for the life of the fund.
Even if you read the original memo, glance through it again. We've updated it to include revised lockup terms and an equity kicker and have added it to the FAQ section.
Will this wearable wellness company get acquired?
Our new author Jeff Briskin thinks so.
It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes.
From Jeff's analysis::
My prediction is that Sensate will be acquired...most likely by a larger high-tech wellness device company with a more diversified product line.
Why you should consider investing in Sensate:
Patented: Sensate stands out with its patented product utilizing infrasonic therapy
High demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user. They've generated $15 million in revenue.
Primed for an acquisition: The wearable wellness market is growing by 13.8%/year, and is expected to hit $69 billion by 2028. Lots of room for M&A.
Learn more:
Read our deep-dive analysis
Questions? Start here 👇
📰 Market Headlines
Wall Street's wild ride continued as stocks surged on better-than-expected jobless claims data.
The S&P 500 jumped 2.3% in its largest one-day gain since November 2022, while the Nasdaq rallied nearly 2.9%.
Initial jobless claims fell to 233,000, but continuing claims rose to a three-year high of 1.88 million.
Delta Air Lines pursued legal claims against CrowdStrike and Microsoft over a cyber outage last month that cost the airline at least $500 million.
The Global Alliance for Responsible Media disbanded following X's lawsuit, citing limited funds to fight the legal battle.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“Rent until prices correct or stay put...”
🧠 What do you think?
Elon’s latest lawsuit bullied GARM out of existence in a rare win for the Twitter owner.
Who's going to have the last laugh? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Eli Lilly crushed Q2 estimates with revenue jumping 36%; shares surged over 8%.
Datadog beat Q2 expectations as shares climbed more than 5%.
Paramount Global posted its first streaming profit while shares rose 6%.
Elf Beauty raised its annual forecasts after Q1 sales surge, but shares dropped 14%.
SoundHound AI raised its 2024 revenue guidance as shares jumped 7.87%.
The Trade Desk beat Q2 estimates and shares climbed 5.53%.
Plug Power missed Q2 estimates; shares tumbled 9.2%.
Market movers
OpenAI released a safety assessment for its GPT-4o model, deeming it a "medium" risk. Persuasion capabilities are a major concern.
Apple revised its EU App Store policy, allowing developers to communicate offers outside the platform.
The UK's competition watchdog launched a probe into Amazon's partnership with AI startup Anthropic.
X (formerly Twitter) removed all ads from its top subscription tier, Premium+, citing legal battles with advertisers.
ADT confirmed a data breach affecting customer information, including home addresses, email addresses, and phone numbers.
Looking Glass launched a $299 phone-sized holographic display.
United Airlines suspended flights to Tel Aviv indefinitely, citing security concerns from regional tensions.
Ideas, trends, and analysis
Venture capitalists identified 85 promising startups for 2024, with 80% focused on AI applications in niche sectors.
Former President Trump led Vice President Harris 48% to 46% in a recent poll.
The offshore yuan surged to its strongest level for 2024, below 7.1 against the dollar.
Americans now owe a record $1.14 trillion on credit cards, with the average balance reaching $6,329.
COVID-19 dropped to the 10th leading cause of death in the US for 2023, down from 4th in 2022.
🌍 Global Perspectives
🇮🇱🇵🇸 Israeli airstrikes killed at least 40 Palestinians in Gaza, including 15 in Al-Bureij camp and 15 in two schools in Gaza City.
🇦🇹 Austrian police arrested three teenagers suspected of plotting an ISIS-inspired suicide attack at a Taylor Swift concert in Vienna.
🇮🇱🇳🇴 Israel revoked the diplomatic status of eight Norwegian envoys.
🇪🇸 Catalan separatist leader Carles Puigdemont escaped capture in a white getaway car with suspected help from rogue police.
📊 Crypto
Bloody Sunday
Bitcoin rebounded above $60,500, marking its largest percentage increase since March 2023.
FTX was ordered to pay $12.7 billion to customers in a CFTC settlement.
BTSE launched BTSE Dex 2.0, offering cross-chain trading for over 50 perpetual contracts.
BlackRock and Vanguard's bank holdings gained FDIC scrutiny.
🧠 Errata
OpenAI's GPT-4o voice model occasionally mimics user voices and generates unsettling sound effects.
A woman died after getting entangled in a baggage carousel at Chicago O'Hare airport.
Gen X and millennials face a higher risk of 17 cancers compared to older generations.
The WHO called an emergency meeting as mpox cases in the DRC topped 27,000.
Mucus-covered catfish army crawled on Florida roads after Hurricane Debby.
📺 What to Watch Today
Which dating app do you think they came from?
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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