🚀 Meta ends third-party fact checking

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This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

Invest Now

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Meta announced the end of its third-party fact-checking program, replacing it with a "Community Notes" system modeled after Musk’s platform X, as part of a broader push to restore "free expression" and align with President-elect Trump. CEO Mark Zuckerberg cited public trust erosion and political bias in fact-checking as key issues, alongside plans to simplify content policies and relocate trust and safety teams to Texas. The move signals Meta’s effort to rebuild its relationship with conservative leaders and Trump, whose accounts were reinstated earlier this year. Critics, including FTC Chair Lina Khan, voiced concerns over Meta’s unchecked influence on online speech.

2. FTC Chair Lina Khan expressed concerns about the potential for "sweetheart deals" that could let Amazon and Meta off the hook in pending antitrust lawsuits under the incoming Trump administration. Khan, a Biden appointee known for her tough stance on anticompetitive practices, highlighted ongoing cases against both companies and noted their efforts to court favor with President-elect Trump, including $1 million donations to his inauguration fund and high-profile visits to Mar-a-Lago. While Khan emphasized the FTC’s successes, she acknowledged uncertainty about how future leadership—under Trump’s pick, Andrew Ferguson—might handle these high-stakes cases.

3. Hims & Hers Health confirmed a $1 million donation to President-elect Donald Trump’s inauguration fund, joining other tech companies like OpenAI and Meta in aligning with the incoming administration. Known for its digital health innovations, the company gained significant traction last year with its weight loss program featuring compounded semaglutide, a cheaper alternative to brand-name drugs like Ozempic. The future of these treatments, however, remains uncertain as Trump's appointees hold varied opinions: Robert F. Kennedy Jr., tapped for HHS, advocates lifestyle changes over medication, while FDA pick Dr. Marty Makary and Trump ally Elon Musk have supported GLP-1 drugs for broader access. Hims & Hers has pledged to work with the administration to highlight the benefits of these treatments.

4. Headlines

   1. High treasury yields are putting pressure on the S&P500.

   2. Prices are falling in the UK housing market after sustained prices despite rising inventory over the last year.

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Onwards and Upwards,

Liam Gill