__Mutual hatred...__ is a powerful motivator #WhiteWalkers. Long-time enemies __[Sony](https://robinhood.com/stocks/sne)__ and __[Microsoft](https://robinhood.com/stocks/msft)__ battled admirably in the multi-phase Playstation vs. Xbox video game wars of our youth. Now they're truc-ing: An "[unusual](https://www.wsj.com/articles/microsoft-sony-to-partner-on-cloud-technology-for-gaming-services-11558036863)" partnership on cloud computing, the crucial engine that powers modern, online gaming. 

__It's hairy out there...__ A few major enemies forced this frenemy-ship:
- __"The tool kit":__ Amazon's [Lumberyard](https://aws.amazon.com/lumberyard/) lets anyone make their own games on its very-much-leading Amazon Web Services platform.
- __"The Holy Grail":__ That's what they're [calling](https://gizmodo.com/how-much-would-you-pay-for-a-holy-grail-google-stadia-s-1833413823) Stadia — It lets anyone, anywhere begin playing big games *sans* gaming console.

_Time for old enemies to play together_

Team

__Play anything on any device...__ That's [the future](https://www.wsj.com/articles/microsoft-sony-to-partner-on-cloud-technology-for-gaming-services-11558036863) of gaming, according to Microsoft. So if a surprise partnership with Sony can help it achieve that in the $130B video game market, Microsoft is down to team up.

The new era of video game wars: Sony and Microsoft shake hands

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__"Where to hide from investors"...__ We actually found a good Pinterest board for [exactly that](https://www.pinterest.com/search/pins/?q=places%20to%20hide%20things&rs=typed&term_meta[]=places%7Ctyped&term_meta[]=to%7Ctyped&term_meta[]=hide%7Ctyped&term_meta[]=things%7Ctyped). In its first-ever earnings report since last month's IPO, __[Pinterest](https://robinhood.com/stocks/pins)__ found a theme: slowing growth. Profits, revenues, user growth. All slowed. Then shares of the social-network-for-curating-nice-things dropped 15%. Here are 2 numbers to un-Pin.

- __3X:__ That's how many times larger the $41M loss was than analysts expected.
- __291M:__ That's how many Pinners there are out there showing off very nice/symmetrical pictures of anything.

__Fewer pins, more promos...__ Your Snacks team compared Pinterest's average revenue per user — aka *the number of ads users see as they scroll for the ideal guest bathroom wallpaper* — to Facebook's.

- Pinterest made __$0.73__ of revenue per user last quarter.
- Facebook was almost 10-times that at __$6.42__.
- __The key to profits for Pinterest:__ Add more ads mid-scroll without overly annoying customers (80% of them are American moms between 18-64).

_"I just want to pin it"_

Debut

__This is the nicer social media company...__ It's nice [by not](https://www.nytimes.com/2019/05/16/technology/pinterest-earnings.html) showing users as many ads as other social networks do. And it's nice by not having as much misinformation/hateful news-focused content as Twitter, Facebook, Youtube, and other platforms do. One of those is nice for investors, the other not so much.  

Pinterest's inspiration-less first-ever earnings report

__Congratulations. It's a beautiful healthy...__ platform for securities trading. America just birthed its 14th stock exchange, the uncreatively named __[Long Term Stock Exchange](https://ltse.com/)__. LTSE is just as regulated as siblings New York Stock Exchange and Nasdaq (it was approved by the SEC Friday and expects to open this year), but it's [mission-oriented](https://qz.com/1616791/the-long-term-stock-exchange-gets-sec-approval-for-silicon-valley-friendly-platform/): It wants to fix "short-termism."

__Quarter's over. On to the next quarter...__ Currently, public companies must calculate, prep, and announce their earnings reports every three months. Focusing on short-term results only benefits short-term focused traders — Hedge funds and activist investors. Instead, LTSE introduces 3 rules to encourage long-term thinking:

1. __Seniority-based voting:__ Older shares get more voting power. So the more in it for the long haul you are = the more power you have as a shareholder. 
2. __Tie exec pay to long-term metrics:__ Limit CEOs from floating away on golden parachutes.
3. __No forecasts for quarterly earnings:__ None. Investors should care about 3 years, not 3 months.

_A stock exchange for these guys_

Born

__This is Silicon Valley's farm for unicorns...__ You've seen the volatility of recent tech IPOs Uber, Lyft, and  Pinterest. Long Term Stock Exchange wants to give companies the benefits of public markets (raise $$, trade your stock!), while cutting the negatives (no sacraficing long-term health for short-term profits). It's [crafted](https://www.axios.com/long-term-stock-exchange-ipo-silicon-valley-3eb1a818-ce6d-41f5-a9b1-906bdcaf76b7.html) for Silicon Valley's finest.

The new era of video game wars: Sony and Microsoft shake hands

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