- GRIT
- Posts
- Are You Still Watching?
Are You Still Watching?
Crowdstrike, Netflix, RNC
![Grit Logo](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/510b0cb2-899b-4e97-88ea-32dd4b5c8d10/Grit_logo_b_g.png?t=1696389805)
Good Morning!
Happy Friday! Have a great weekend:
šMassive outages worldwide
šNetflix earnings are in
šRNC main event
WORLDWIDE: Massive Outages
A faulty update from cybersecurity firm CrowdStrike caused a major IT outage on Friday, affecting businesses worldwide. CrowdStrike is rolling back the update and has deployed a fix. Customers are advised to check the support portal and contact their CrowdStrike representatives for updates.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/a33e0118-20e6-4dcf-b238-ec909ff97b1c/gettyimages-1917937255.jpeg?t=1721392981)
Source: CNN
The outage hit various sectors, including airlines, banks, and telecom firms. American Airlines and Air France-KLM reported significant disruptions. Banks like Allianz and the London Stock Exchange faced technical issues, while Visa noted some payment processing problems. NBC Universal was also impacted by the outage.
šÆGRIT TAKE:We believe in Elon Muskās vision with Tesla, but ā¦ upgrade to VIP now to read the full GRIT Take!
EARNINGS: Netflix
Netflix reported strong Q2 earnings, highlighting its leading position in streaming. The company saw a 34% increase in ad-supported memberships compared to last year.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/c667249b-5aa2-43e8-bd9c-eb3a50ebe014/43e0db2f-fea0-4308-bfb9-09f2a88f6ee4_what_is_netflix_1_en.png?t=1721393030)
Source: Netflix
Revenue for the quarter was $9.6 billion, up 17%, mainly due to higher average paid memberships. Netflix's net income rose to $2.15 billion ($4.88 per share) from $1.49 billion ($3.29 per share) last year. Global paid memberships grew 16.5% to 278 million. Netflix projects full-year revenue growth of 14-15%, up from previous estimates. The company plans to stop reporting quarterly membership numbers in 2025, focusing on revenue, operating margin, and engagement instead. Netflix is expanding its business strategies, including launching its own ad platform and adding live sports, like NFL games. Popular shows like āBridgertonā and āBaby Reindeerā continue to drive engagement.
TRUMP: RNC Speech
Former President Donald Trump recounted the assassination attempt during his Republican National Convention acceptance speech in Milwaukee on Thursday night.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/529f805e-61ea-4001-8d6b-93074bd91cd7/2024-07-19T030440Z_455550110_HP1EK7J08JQ5L_RTRMADP_3_USA-ELECTION-REPUBLICANS-CONVENTION-768x520.jpeg?t=1721393059)
Source: CNBC
āIām not supposed to be here tonight,ā said a somber Trump, with a bandage covering his right ear, which was nicked by a bullet. āAs you already know, the assassinās bullet came within a quarter of an inch of taking my life.ā Trump also expressed his āgratitude to the American people for your outpouring of love and support following the assassination attempt.ā
Chart of the Day
š What To Buy
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/3c7ff286-e2e8-4adb-ae93-3418af16f1fe/GS-Investing-goodstudent_investing-_-Instagram-photos-and-videos.png?t=1721374234)
Source: @GS_Investing
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/1a73a463-7534-411e-9994-df9e0567fbf9/Screenshot_2023-10-04_at_11.14.52_AM.png)
GRIT Meme of the Day š
Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! š
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/5c2ff1de-f32d-4cd1-8235-1514435a7d74/Wall-Street-Oasis-wallstreetoasis-_-Instagram-photos-and-videos__2_.png?t=1721374058)
Source: @wallstreetoasis
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/1a73a463-7534-411e-9994-df9e0567fbf9/Screenshot_2023-10-04_at_11.14.52_AM.png)
The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. Grit does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORSā OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL INVESTMENT ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and Grit undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
Grit does not accept any liability whatsoever for any direct or consequential loss, however arising, directly or indirectly, from any use of the information contained herein.
By using the Site or any related social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.
Please read: Terms of Use, Privacy Policy, Disclosure Policy and Disclaimer Policy
If you have any questions please contact us at info@gritcap.io
Reply