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Airbnb jumps 5% on AI acquisition 🏡
A $200 mill bet: Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million.
Entering the AI game: It’s bought a startup called Gameplanner.AI, which was founded by Adam Cheyer, one of Siri's (later purchased by Apple) founders.
Your “travel concierge”: Gameplanner.AI will help Airbnb become a “travel concierge” that learns about users over time and enhances their travel experiences by matching them with the right homes.
*Ratings are provided by analysts at Zacks, a leading investment research firm
Snap gains 8% thanks to Amazon partnership 👻
Snapping up Amazon products: Snap will now let users buy Amazon products via Snapchat ads meaning they don’t leave the app.
A win-win: Snap keeps users on its platform for longer and Amazon is likely to benefit from further revenue.
Following in Pinterest’s footsteps: Amazon has already experienced positive results when it rolled this out with Pinterest. It’s now doing the same with Snap and Meta.
*Ratings are provided by analysts at Zacks, a leading investment research firm
Boeing shares up 9% as it sells 95 jets 🛩️
Investors are optimistic: Boeing shares increased this week as Emirates Airline said it planned to buy 95 jets from the aircraft company.
Spenny jets: With the average jet costing between $89 - $440 million, we don’t need to do the maths to tell you Boeing has just generated a lot of revenue. (Remember, past performance does not guarantee future results!)
Back on course: Boeing needed a boost after struggling in recent times, following global trade tensions and two deadly 737 Max crashes.
*Ratings are provided by analysts at Zacks, a leading investment research firm
What have we learned this week? 🤓
AI is coming to apps: Last week Bumble, this week Airbnb. AI will begin to match us up with all sorts, whether it’s dates or homes.
Amazon’s going social: Amazon’s recent partnerships may see a fall in website/app traffic, but revenue is likely to increase.
The Middle East is a market mover: Boeing knows that travel to the Middle East is growing and airlines need to keep up with demand.
Stock announcements this week 👀
Amazon: The ecom giant is making it so users of Facebook, Instagram and Snapchat don’t have to leave the apps to make a purchase via Amazon.
NVIDIA: The S&P 500’s best performing stock of 2023 reports Q3 earnings on Tuesday 21st November.
Tesla: The EV giant has added a legally binding clause in the Cybertruck buyer’s agreement that dictates owners “will not sell or otherwise attempt to sell the Vehicle within the first year.”
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*Figures and ratings correct as of November 15th 2023.
Past performance does not guarantee future results. Capital at risk when investing. This content is for educational purposes only. Shares does not provide investment advice. If you are unsure about anything, please seek advice from an authorised financial advisor.
