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Instagram post 17950532782327222 $When Spotify launched its music streaming service in several European countries on October 7, 2008, few people would have thought that this obscure Stockholm-based startup would eventually grow into the world’s most popular music platform. Back then, music streaming was still in its infancy, accounting for a small fraction of global music revenues, but eventually, Spotify’s early bet on streaming would pay off. By the time of its fifth birthday in 2013, the streaming pioneer had roughly 30 million active users and 8 million premium subscribers. Since then, Spotify's active user and premium subscriber numbers have continued to grow steadily though, reaching 286 and 130 million, respectively, by the end of March 2020 🔥💰🚀📈 Source: Statista$

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Ever since PayPal was spun off into a separate company in 2015, eBay has struggled to keep up with its rivals’ growth. Between Q4 2015 and Q4 2019, eBay’s gross merchandise volume, i.e. the total value of all goods sold on eBay’s marketplace, grew by just 7 percent. Meanwhile PayPal’s total payment volume grew by 145 percent, propelling the company’s market capitalization to $145 billion, while eBay’s slumped to just over $30 billion as of April 27, 2020 🔥💰🚀📈
Source: Statista

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Lots of great earnings reports coming up this week! What are you bullish on? 🔥💰🚀📈

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Despite major supply shortages, the Nintendo Switch just set a new U.S. sales record for any video game system in the month of March. According to Mat Piscatella, a video game analyst with the NPD Group, Switch unit sales more than doubled compared to March 2019, helping the industry to the best March since 2008. Nintendo has already sold more than 50 million Switch systems, leaving many of its predecessors in the dust. Most recently, the Switch surpassed the beloved Super Nintendo Entertainment System in lifetime sales, making it the third most popular home console in Nintendo's long history 🔥💰🚀📈
Source: Statista

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With annual footwear sales of $24.2 billion, Nike is still number 1 in the global sneakers market. Having started as an enterprise licensing Japanese running shoes for the American market, Nike quickly developed a name of its own in the 1970s when some of the company’s most iconic silhouettes were introduced. Interestingly some of the models released in the 1970s are still among Nike’s most popular shoes today. The sneaker market is probably unique in the way it's constantly moving between innovation and nostalgia, with shoes designed in the 1970s and 1980s still selling equally well or in many cases better than shoes featuring state of the art technology 🔥💰🚀📈
Source: Statista

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Netflix’s latest quarterly results seem to confirm the surge in video streaming, as the streaming giant added more paid subscribers over the past three months than ever before in its history. Nearly 16 million people signed up for the service in the first quarter, more than double Netflix’s own guidance, which was given before the crisis hit in January. As of March 31, the company had 182.9 million paid streaming subscribers globally and it expects to reach 190 million by the end of June 🔥💰🚀📈
Source: Statista

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The COVID-19 outbreak is having a devastating impact on the American travel and tourism sector and a new report from the U.S. Travel Association and Oxford Economics has highlighted the level of financial damage it has inflicted. With flights grounded, hundreds of millions of Americans on lockdown and borders closed, the U.S. is forecast to suffer a $519 billion decline in direct travel expenditure translating into a $1.2 trillion loss in economic output - a financial impact 9 times worse than 9/11. Travel industry revenue is expected to fall 81 percent over the next two months while it is forecast to decline 45 percent over the entire year. Employment is also suffering with the report forecasting 8 million job losses within the industry by the end of April 🔥💰🚀📈
Source: Statista

Instagram post 18033287713255078 $In the U.S., there are over 20 million businesses with less than 500 employees. The country has a total of 135 million employed in small businesses, contributing to a total annual sales number of nearly $9 trillion. With small businesses struggling to retain a fraction of their regular sales and employees amidst the COVID-19 pandemic, the hit to middle- and lower-class citizens could be greatly exacerbated if additional stimulus funds aren’t allocated by Congress 🔥💰🚀📈 Source: Statista$

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The Chinese economy shrank during the initial quarter of 2020 in a historic first since the country started releasing records in 1992. The National Bureau of Statistics of China said that the country's GDP decreased by 6.8 percent in the first three months of 2020. GDP growth in China had been slowing before the crisis, but had seemingly stabilized around 6 percent of quarterly annualized growth during 2020 🔥💰🚀📈
Source: Statista

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Apple officially unveiled the new iPhone SE on Wednesday, adding a new low-cost option to its smartphone line-up. The new iPhone SE features a single-lens camera system, a Touch ID fingerprint scanner and 4.7-inch LCD screen. Starting at $399, the iPhone SE is a much better deal for entry-level buyers than the iPhone 8 was, because it offers the same design with better specs at a lower price. As the following chart shows, Apple now has an iPhone for (almost) every wallet with prices ranging from $399 to $1,449. It remains to be seen whether the new iPhone SE can mimic the success of its 2016 predecessor, but considering its price and the fact that it features the same chip as the most expensive iPhone you can buy, it looks like a great offer for budget-conscious Apple fans 🔥💰🚀📈
Source: Statista

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In economics a V-shaped recovery is broadly defined by a sharp decline in output, employment or any other metric measuring the health of the economy followed by a quick and sustained recovery. It is different from an L-shaped recovery, in which the economy slumps for a longer period of time or, among others, a W-shaped recovery, which is characterized by, you guessed it, a brief recovery followed by another steep downturn and a second swift recovery. A V-shaped recovery is what economists are hoping for in the current crisis, brought about by the coronavirus pandemic 🔥💰🚀📈
Source: Statista

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The week ending on April 4 saw another huge number of initial jobless claims in the U.S. with over 6 million for the second week in a row. In total, that brings the jobless claims filed in the U.S. to over 16 million in just the last three weeks. California has been leading the country in initial jobless claims since the week ending on March 21, with Californians filing over two million claims in the last three weeks. The only other state to surpass one million has been Pennsylvania, although since those numbers haven’t been publicly released, they’re only estimates. Other states hit hard with surging unemployment are Michigan, New York and Texas – all surpassing 700,000 jobless claims each in the last three weeks 🔥💰🚀📈
Source: Statista

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Economic scorecard comparing Trump and Obama presidencies 🔥💰🚀📈
Source: Farcaster

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In a new survey from the Pew Research Center, 52 percent of all U.S. families have either direct or indirect investments in the stock market. Direct investments, such as private holdings via a stock broker, were much lower than indirect investments, such as a person’s 401k through their employer. Still, there were large differences in demographics for who participates in the stock market. While over 60 percent of white Americans have investments in the market, only 31 percent of black Americans and 28 percent of Hispanic Americans responded that they invested. Income level also was a key factor, where 88 percent of people making over $100,000 a year invested compared to just 44 percent of those making between $35,000 and $53,000 🔥💰🚀📈
Source: Statista

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According to a ranking by Priori Data across Android and Apple Store platforms, video chatting apps – professional and otherwise – generally are in high demand nationwide, with Google’s Hangouts Meet and Houseparty also in the top 5. Video calling and conferencing app Zoom shot to the top of the U.S. download charts recently, logging 3.2 million new downloads as Americans are working from home in unprecedented numbers. Google Classroom as well as Microsoft Teams are logging more downloads as workers as well as students work remotely during the COVID-19 pandemic. But it’s not all work on the download charts – games and video sharing apps help keep Americans entertained during lockdowns. Tik Tok was downloaded 1.9 million times in the past week – an increase of approximately 12 percent to the previous week 🔥💰🚀📈
Source: Statista

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Nearly 370,000 cases of COVID-19 have been confirmed in the U.S. as of today, according to the CDC and Johns Hopkins University. As seen in tracking by Johns Hopkins. New York state and New Jersey currently have a combined 170,000 confirmed cases. Close to 11,000 people have succumbed to the disease in the country and 4,758 deaths have been recorded in New York City alone 🔥💰🚀📈
Source: Statista

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Brace Yourselves For Some Heavy Volatility. Record Number of Jobless Claims. Corporate Earnings Declining. Consumer Spending Declining. Do Your Part To Eliminate The Coronavirus. Everyone Stay Safe! 🔥💰🚀📈

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After 6.6 million people in the U.S. filed for unemployment for the first time in the week ending March 28, it is obvious that jobs are being cut left and right in the country due to the coronavirus pandemic. March job cuts numbered 222,000, up from just 56,000 in February. This means that in the first quarter of 2020, almost 347,000 U.S. jobs were cut, up from 190,000 in Q1 of 2019. A significant share of these jobs was lost in the entertainment and leisure industries - 83,000 or 37 percent. This is no big surprise as all theater, concert and similar venues are closed, while amusement parks and tourist sites also remain shuttered. Services saw the third biggest losses with approximately 8,500 cut jobs. The automotive sector also suffered, as did non-profits 🔥💰🚀📈
Source: Statista

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One of the most disturbing aspects of this pandemic is the manner in which it has paralyzed and overwhelmed some of the world's best health systems. The OECD's latest Health at a Glance report shows just how much money the countries worst impacted by COVID-19 pump into their healthcare systems each year. The data shows that the U.S. spends the most out of any OECD country - equivalent to 16.9 percent of GDP or over $10,000 per person when adjusted for purchasing power. Northern Italy is regarded as having one of the world's best and most efficient health systems but it was swiftly overhelmed by a COVID-19 tidal wave, particularly due to overburdened ICU capacity and a chronic lack of ventilators. Italy's health expenditure is equivalent to 8.8% of GDP and Spain's is similar at 8.9% 🔥💰🚀📈
Source: Statista

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All of those now living in lockdown conditions due to the coronavirus pandemic have had to adapt their lives to some degree. Part of this process has resulted in the need to buy products which they previously had no interest in whatsoever. Take the bidet, for example. According to figures from trend analysts Glimpse there has been a 379 percent increase in online interest for the bathroom fixture over the 30 days up to March 31. Looking at the other products selected here with significant increases in interest, a clear focus on keeping fit and staying healthy can be seen, with a massive 725 percent increase for dumbells and 532 percent for vitamin C gummies. A laptop mouse combined with an external monitor will also be very handy for those lucky enough to be able to work from home during the crisis 🔥💰🚀📈
Source: Statista

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