O happy day! Why you may need to put your dreams of retiring off crypto a litttttle while longer 📉, J.Cole drops off-season album 🎧, and the ‘Big Short’ Michael Burry think what about Tesla? 🔋

In other news…'Discover’ the latest AT&T merger & streaming race 📽, how much was sold in crypto in 24 hours 💎, and more about Squarespace's IPO 💻

He predicted the 2008 housing crisis, now the fall of Tesla?

Remember "The Big Short"? Well Michael Blurry is back at it again...this time with a $530M bet against Tesla He believes the Tesla stock will fall 😲According to Michael, Tesla’s reliance on regulatory credits to generate profits is a red flag 🚩 That's cute and all, but what do ya mean? 🤷‍♂️Well, as more automakers produce their own ‘battery-electric’ vehicles, the less they'll need to purchase environmental regulatory credits from Tesla, which they've done to become compliant with environmental regulations 🌎Ok, but why should we listen to the Burry? 💀Besides his “Big Short,” he made a killing from a long GameStop position recentlyas the Reddit favorite made Wall Street history with its…well you know the story, roaring Kitty 😻To summarize, we'll leave you with: Tesla shares have dropped nearly 20% in 2021 after surging 740% in 2020…Hmm, numbers don't lie. 😬As hot cheres summer arrives 🍑, we're preparing by listening to the legendary rapper/basket-ball player/investor/owner's new album. In the past, the rapper urged up-and-comers to understand that money earned as an artist doesn't last forever + advocates for financial health ❤️Other top investors in the hip-hop community include:

J.Cole drops off-season album

1. Jay-Z (Julep, JetSmartner, Tidal) 🎧

2. NAS (Dropbox, Lyft, Casper) 🛌

3. Snoop Dog (you guessed it...he has a weed centric fund called Casa Verde Capital) 🍀

4. Chamillionaire (Entrepreneur in residence with Upfront Ventures) 📈

5. Drake (Omni - an on-demand storage app) 📦

Quick News Bites

Streaming Wars Continue: Discover the latest AT&T merger

U.S telecoms giant, AT&T, has agreed to combine its WarnerMedia business with Discovery in a merger to bring a new streaming company. 📽

You may remember when AT&T purchased Time Warner in 2018 in a $108.7bn (£77.1bn) deal, today owning CNN, HBO and Warner Bros (some of us are big Harry Potter fans - don't judge!) ⚡️The proposed merger would put together movie giant Warner Bros. Entertainment with Discovery's home 🏡cooking 👨‍🍳nature and science shows 🧪

Crypto continues

This may be old news for our crypto-heads 💎(we're just tryna keep up!), but with China's ban extension on cryptocurrencies and Elon's tweets, the crypto market plunged 📉The effect of these external impacts can be seen through real-time liquidations, which topped 804,242, in the last 24 hours 😲 …Read more.

Squarespace, Similarweb and marketing tech IPOs

Some of our chers (dear friends) on Cheres were excited about seeing martech companies take over the New York Stock Exchange over the past few weeks. The web-hosting platform - Squarespace - set a price of $50 per share only to be subjected to inflation-jitters. “Its valuation plunged by more than a third in its debut on the New York Stock Exchange on Wednesday, after shares of the website-hosting service fell 13 percent below their reference price amid a broader market sell-off.”

- New York Post

Hold up…what am I reading, who are you, and what have you done to my investing knowledge? You're blowing my mind.

BB, chill…I know you want me but get in line.

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📣 Say goodbye to public threads. Remember that only your small friend group (~5-10 ppl) will see your shares, but not the $ value or volume of shares.

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