Anime filter was a hit... Snap stock soared 55% for the week to a record high after the little ghost reported expectation-smashing earnings. Sales shot up 52% as advertisers started spending again, compared to growth of 17% in the previous quarter — you probably noticed more ads between "Kylie sizzles in red" and "Is your dog depressed?" Daily users grew 18% to 249M (but Snap still isn't profitable). Earnings were boosted by the FB ad boycott and India's TikTok ban. TBD if Snap can keep up the lucky growth.
Fridge is Truly stocked... Sam Adams-maker Boston Beer Company saw its stock soar 15% for the week to a record high on truly refreshing earnings. Boston Beer raised its financial forecast for the year, mostly thanks to the success of its Truly hard seltzer. Sales of Sam Adams and Dogfish Head fell, but growth of non-beer brands Truly and Twisted Tea helped offset those losses. With the big buzz around seltzers and teas, Boston Beer should probably rebrand to 'Boston Booze.'