Snacks
ICYMI

Last week's highlights...

Snacks / Monday, January 09, 2023
  • Fold: Bed Bath & Beyond shares plunged 47% last week after the embattled retailer said it might file for bankruptcy. OG category-killers are struggling to compete against online options (ahem, Amazon).

  • Elon: Tesla delivered a record 1.3M cars last year, but the stock posted its worst drop in over two years after #s fell shy of targets. Now investors worry Musk is too focused on Twitter — to Tesla’s detriment.

  • Run: Silvergate, the bank that helped fuel the crypto boom, plans to cut 40% of its staff after wary customers pulled out $8.1B. Since Silvergate is a key crypto player, the wider industry could feel the fallout.

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