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Good Morning!
Happy Tuesday! Here’s what’s moving the markets today:
👉 Microsoft unbundles teams
👉 Truth earnings are in
👉 United Airlines makes demands
STOCK MARKET MADNESS IS ON 📈
Click HERE to view our bracket! 🏀 Let’s recap the Elite Eight 🥊
A few shockers in the elite eight as Hertz advances to the final four. They are the equivalent of NC State in the actual NCAAM tournament. Hertz will face Block (formerly Square.) On the other hand, it is a showdown between Verizon and Carvana.
MICROSOFT: Unbundles Teams
Microsoft will now sell its Teams app separately from Office, a move prompted by earlier efforts to avoid EU antitrust fines after complaints from competitors like Slack. Originally bundled, Teams became widely used for video conferencing during the pandemic. This unbundling is extended worldwide to address unfair competition concerns.
Source: AOL
Starting April 1, Microsoft offers new purchasing options, with Office ranging from $7.75 to $54.75 and a standalone Teams at $5.25, although prices may vary. Despite these changes, Microsoft could still face EU antitrust actions due to concerns about ongoing pricing and service compatibility. The company has a history of EU fines for bundling products and could face significant penalties for infractions.
🎯 GRIT TAKE: If we were a Microsoft shareholder…upgrade to VIP now to read the full GRIT Take!
TRUTH: Earnings Are In
On Monday, Trump Media's stock fell by 21.47% after disclosing a $58.2 million loss for 2023, with just $4.1 million in revenue. The drop occurred despite a previous all-time high, resulting in a significant decrease in value from last week. The company still holds a market value of nearly $6.6 billion, but Trump's share value dropped by about $2.5 billion in a week.
Source: Yahoo
A significant part of the loss was due to interest expenses. The company also noted potential ongoing losses and increased risks due to Trump's political involvement. Trump owns 57.3% of the company and may gain additional shares if the stock hits specific targets, which are currently below its recent price.
UNITED: Airlines Make Demands
United Airlines requests its pilots to consider unpaid leave next month due to Boeing's delayed aircraft deliveries. This situation underscores how Boeing's production and safety concerns affect airlines' growth. United, which had increased its pilot recruitment to meet a surge in travel demand post-COVID-19, has had to halt new hires because of these delays.
Source: Fox
The airline had plans to add a significant number of Boeing 737 Max planes to its fleet this year but now expects fewer deliveries. The problem has prompted United's CEO and other airline executives to voice their frustrations publicly. This has also led to other airlines like Southwest and Alaska reevaluating their hiring and growth projections due to uncertainties around Boeing's delivery timelines.
Headlines You Need To Know: 🎙
Chart of the Day
📊 China’s Top 20 Companies
Source: Visual Capitalist
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