🚀 Meta building $10B subsea cable

In partnership with

A Knockout Night of Sleep, Powered by Plants

• THC & CBD to relax and fall asleep

• CBN to keep you asleep through the night

• Save 25% with code SLP25

Try Risk-Free

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Meta is planning its first wholly-owned subsea cable, a massive 40,000+ km project potentially costing $10 billion, to secure infrastructure for its AI-driven future and global user base. The cable, designed to avoid geopolitical hotspots, will link the U.S., India, South Africa, and Australia in a "W" pattern. While ensuring priority traffic for its platforms, this move also aligns with Meta's ambitions in AI and data center expansion in India, a cost-efficient and high-growth market. The project underscores how tech giants like Meta are bypassing telecoms to independently control critical digital infrastructure.

2. Bitcoin has enjoyed one of its best months of 2024, with a 38% November surge following Donald Trump’s election victory, which boosted investor confidence in crypto-friendly policies. The flagship cryptocurrency is now flirting with the $100,000 milestone, buoyed by strong institutional demand for bitcoin ETFs like BlackRock's IBIT fund, which saw record inflows this month. Despite some long-term holders cashing out at new highs, optimism remains high among bulls, who predict $100,000 by year’s end and a potential doubling by 2025, supported by bitcoin’s supply constraints post-halving and growing adoption as a treasury reserve asset.

3. The 2024 U.S. presidential election appears to have split holiday spending habits along partisan lines, with Trump voters feeling optimistic about economic recovery and planning to spend more, while Harris supporters express caution amid concerns over inflation and financial pressures. Retail forecasts predict modest growth this season, but inflation-adjusted figures suggest real spending increases could hover near 0.5%, far below historical averages. Shipping trends mirror the divide, with post-election surges in GOP states and declines in Democrat-leaning areas. Despite varied sentiments, higher prices are weighing on shoppers across the board, making holiday spending feel less festive and more burdensome.

4. Headlines

   1. Black Friday spending was up 5% to a record $74.4B.

   2. X is looking into adding labels for parody accounts.

   _{* This is sponsored content.}

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

Tackle your credit card debt by paying 0% interest until 2026

Reduce interest: 0% intro APR helps lower debt costs.
Stay debt-free: Designed for managing debt, not adding.
Top picks: Expert-selected cards for debt reduction.

Learn How To Apply Now

Onwards and Upwards,

Liam Gill