Hey Snackers,
Because baby showers weren't enough, people are now throwing "business showers" for their new ventures. Congratulations, it's an LLC.
Stocks rebounded hard yesterday after Monday's major plunge.
Happened mRN-ASAP... Today, Moderna joined the prestigious S&P 500 index. The "Club 500" membership gives the 11-year-old biotech some serious Wall Street cred. Trillions of dollars are invested in funds that mirror the S&P 500 index, which tracks the 500 most valuable US public companies.
Major booster shot... Pre-pandemic, Moderna was a little-known biotech startup worth $6B — with zero products on the market. In May 2020, Moderna was a $27B biotech working on a Covid vax — still, with zero products. Today, Moderna is a household name worth $123B, and its Covid vaccine has been injected into the arms of 63M Americans.
The power lies in the platform... Moderna's investor presentation leads with: "mRNA is a platform." The Covid vax is a billboard for Moderna's cutting-edge platform, which could enable it to churn out all kinds of mRNA vaccines and therapeutics in "record time." 80+ viruses have been discovered since 1980 — but you can only get vaccinated against three of those. Moderna's working on mRNA vax shots for the flu, Zika, HIV, and even cancer. But it faces plenty of risks, including unsuccessful trials and challenges with its new tech.
Grand Theft Spin Bike... Doesn't roll off the tongue. Peloton is getting into gaming. The spin icon is launching an in-app video game called "Lanebreak" (ETA: early 2022). So far, it's looking like a car wheel on a Guitar Hero chord. The rhythm-based game features a personal avatar, which you can move through tracks and obstacles to score rewards. Think: notching up your resistance to the tune of "Eye of the Tiger," or challenging capspin_america on Level 4.
Turn down the torque... Corona-conomy thrivers are starting to sweat. Netflix reported yesterday that it added 1.5M paid subscribers last quarter — less than the 4M it added in the previous quarter, and waaay less than the 16M it added in the first quarter of 2020 (aka: peak lockdown). Pandemic-thriver Peloton could see a similar slowdown.
The Post-Couch Era demands innovation... Pandemic thrivers like Peloton and Zoom need to compete with IRL activities — and with a fresh crop of "couch era" rivals that bulked up during lockdown. That competition requires innovation in order to retain and grow customers. That's why Netflix just announced it's also adding video games to its streaming subscriptions, and why Zoom is launching Zoom-as-a-Service.
Authors of this Snacks own shares of: Moderna
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