Keep the Baby Yoda memes coming... Disney already has over 28M US subscribers for its new streaming service, Disney+ — for CEO Bob Iger, that launch exceed "even our greatest expectations." It took Netflix 5 years to reach 28M subs (it now has 167M globally), but Mickey only needed a few months. That's thanks to a combo of a much-loved brand, nostalgic content, pixie dust, and free year for Verizon subscribers.
Who pressed 'Ludicrous Mode'... on Tesla stock? Tesla surged 54% and added $56B to its market value in just a few days last week — that makes it #2 most valuable carmaker on Earth (after Toyota). And it's worth almost double GM and Ford combined... despite being unprofitable and producing barely 3% of the number of cars that GM and Ford did last year. Investors think Tesla's future profit potential is bigger than Detroit's. But the ludicrous rally was possibly driven by a short squeeze coupled with FOMO buyers.