This 3 Step Process for Trading Trends

"I don't care how many discount end tables you've found on Marketplace, Facebook is the common enemy. " - Jason   Hey there carnivores,   Markets fell on Friday, finishing a down week for the three major indices. Below, we'll break down the Facebook ad boycott. Keep raging, Jeff & Jason   Canceled   Facebook's feeling the heat, after some of its larger advertisers decided to "shut it down" *Jon Taffer voice* in response to FB's policy on hate speech and disinformation (read: it currently DGAF). Woah, heavy. Heavy hitters like Starbucks, Verizon, Unilever, Coca-Cola, and Honda all hit pause on their ad dollars following a call to boycott that was led by the Anti-Defamation League and the NAACP. To better understand how bad this is for Zuck (and how good this is for Google) Unilever alone spent more than $42M on Facebook ads last year. Both the NAACP, the ADL, and just about everybody else, took issue with the fact that Zuckerberg has done nothing to curb the misinformation being spread on his platform. In Zuck's defense, robots aren't great at identifying emotion... Someone's listening   After the call for boycotts began to take hold Zuck got the message. Smoking meats will have to wait. Facebook announced on Friday that it would begin "labeling" political speech that violates its rules but is still deemed newsworthy while taking "other measures" to prevent voter suppression and abuse of minorities. What does that even mean, Mark? Sh*t or get off the pot... On news of the boycotts on Friday, Facebook shares fell 8.3%, which cut $56B off of Facebook's market share, and more than $7B from Zuck's net worth.  Oh, so that's why he did something...  The bottom line...   Facebook wasn't the only platform to get caught in the crossfire. It appears that people are over the wishy-washy stance (or lack thereof) of social platforms on certain social issues. Twitter was the other boycott target, with its share price falling 7% on Friday after Unilever included @Jack in its boycott of social media advertising. Getting lumped in with Mark Zuckerberg is rarely a good thing... unless you're Eduardo Saverin.   Discover What The Brand New Monday Movers Can Do For You Next Alert Drops Today   Watch Now   ☑️ Yeezus walks. The Gap got a second lease on life on Friday after it announced a deal with Kanye West to start producing a line of Yeezy clothing for men, women, and kids. You read that right. Gap's stock was up as much as 40% on Friday before settling in at 18% higher on the day following news of the collab with Kim K's hubby. ☑️ Stay in your lane. "I'm going to run down to the Microsoft store real quick" - no one ever Bill Gates' former employer announced that it is closing down its retail operations. This comes as a shock to everyone... because literally no one knew $MSFT had a brick and mortar presence except the people who worked there. The company made a push to create an in-store customer experience that rivaled Apple but quickly realized that PCs and Windows Phones don't have the same sex appeal as MacBooks and iPhones. Honestly, most people only go to Apple stores to replace their AirPods anyway… Clippy's creator said getting rid of the stores will save it roughly $450M. ☑️ There is definitely blood. *Pours one (barrel of oil) out* Chesapeake Energy has filed for bankruptcy. The one-time second-largest gas producer in the US inked papers yesterday to officially beg for help, as it struggled with massive debt. Look, sponsoring the OKC Thunder's arena ain't cheap. And the whole economic shutdown hasn't helped. The Oklahoma City-based company's main flaw was that it actually stuck with natural gas production compared to oil. It did a poor job "tapping shale formations" for oil which turned out to be much more lucrative than natty gas. ☑️ A gift from above. Boeing finally got some good news as the FAA agreed to begin test flights for its 737 MAX again.  It's been 15 months since a 737 MAX has been allowed to take off following two crashes in 2018 killed 346 people. Test flights were supposed to take place as early as the summer of 2019, but the FAA and Boeing kept pushing things back (and beefing) as new flaws kept popping up. This is a huge milestone for Boeing on its road to recovery. Of course, convincing passengers to fly in them is a whole different story...   RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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