Rainy in the metaverse… Shares of tween-favorite gaming platform Roblox (47M users) and chip maker Nvidia soared last year as they invested in building out their meta-visions. But despite booming interest in an immersive internet of the future, many meta-focused stocks are now struggling. Nvidia and Roblox have sagged amid a broader tech slump, and Meta’s stock is down 35% on stalled user growth and profit-hitting metaverse investments. We’ll get a pixelated portrait of the metaverse industry when Roblox and Nvidia report Wednesday.
Piña coladas & conference calls... Extended stays are taking the travel industry by storm as WFH turns into work from hotel. Last year, 37% of Marriott’s room sign-ups in the US and Canada were for extended-stay trips. Meanwhile, Airbnb saw half its customers book for at least seven days. Now real-estate developers like Starwood are paying billions to scoop up longer-stay hotel chains that create twice as much profit margin as regular hotels. We’ll see how the “bleisure” economy is faring when Hilton, Hyatt, Marriott, and Airbnb report this week.