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Monday, May 3, 2021 by Robinhood Snacks | Disclosures

Biden's big spending proposal... Another one. Last week, President Biden unveiled a $1.8T social spending plan that could transform the role of US government. It includes free pre-K and community college, federal paid family leave, and extended tax credits. It also brings Biden's total proposed spending tally to $6T, and would be paid for by tax hikes on the wealthy. We'll see how it fares in Congress, where Dems have a razor-thin majority.

The "DPF Effect"... We're seeing the "demand pulled forward" effect hit some coronaconomy thrivers. DPF: when user growth that should've happen last quarter actually happened in 2020. Pinterest stock plunged 11% last week on slowing user growth — the moodboard-boom already happened. Netflix also blamed DPF for its big subscriber miss last quarter. We’ll see if DPF hits other coronaconomy thrivers like Peloton, which reports this week.