Behold, "The UnZuckening"... Facebook's "family of apps" is in trouble. Last week, the FTC and 46 states served up major lawsuits, accusing FB of illegally crushing competition by buying rising rivals. Refresher: FB bought Insta in 2012 for $1B, and WhatsApp in 2014 for $19B. Now the FTC wants FB to split from them (semi-awk, since the FTC greenlit the acquisitions). The lawsuits could take years to resolve, but losing WhatsApp and Insta would be brutal for FB.
What would Elon do?... Luxury EV-maker Nio is sometimes called "the Tesla of China" (but it's way smaller): in 2019, it delivered ~20K cars compared to Tesla's ~367K. Last week, Nio announced it's issuing at least 60M fresh shares of its stock. New shares dilute the value of existing stock, so investors own less of the overall company — Nio stock dropped on the news. Two days before that, Tesla said it's issuing up to $5B in new shares (coincidence?).