Welcome to Blue Room's Weekend Update. Each week, we're sharing what companies we're researching and the what, the who and the how that we think makes the companies interesting and unique. This roundup is brought to you weekly by a group of interns, creative minds, artists and investors who believe that through best in class investing along with the democratization of financial education we can do great things together. Enjoy, Explore and Share.

SAY GOODBYE TO FAANG

Following a month of increasing controversy over a whistleblower’s leaked information and their Q3 2021 earnings release, Facebook announced during Facebook Connect 2021 that it is rebranding to Meta Platforms, Inc. The name change took effect on October 28, 2021 along with a new logo, and FB stock will also undergo a ticker change to MVRS effective on December 1, 2021. Investors will have to say goodbye to the acronym “FAANG”, and Meta’s decade-long vision for building the metaverse — the envisioned successor to the mobile internet — will greatly change the trajectory of the former social media company.

Thank you Blue Room Analyst JARED FENLEY.

TESLA CROSSES $1T

On Monday, Hertz Co. announced that they would be purchasing 100,000 vehicles from Tesla, Inc. to provide a premium and differentiated rental experience. Details on the timeline of a rollout (no pun intended) to consumers is still blurry, but we do know that this purchase order is 20% of Tesla's total vehicle shipment in 2020 which means it is a big deal for both companies. On the day of the announcement, Elon Musk's flagship company crossed the $1 trillion market capitalization threshold joining the likes of Apple, Microsoft, Saudi Aramco, Alphabet and Amazon. Tesla is also now more valuable than Facebook, Berkshire Hathaway and Tencent.

Thank you Blue Room Analyst IAN CARTER.

++ B00OOO ROOOOM ++

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BLUE ROOM ANALYSTS
share how to round out your

HALLOWEEN PORTFOLIO

with their stock pick costumes.

If I were to dress up as one of the stocks I’m researching, I would dress up as a gold prospector to represent Royal Gold. Although they don’t mine for gold themselves (they own stream and royalty interests in companies that do) and people no longer mine for gold using a pick ax (to my knowledge), I think this would be the most fun company to dress up for. One particular source of inspiration was a skit from SNL where Will Ferrell played the role of a gold prospector.

There are a few options to approach a costume that represents Lululemon. First, their shopping bags are a trademark of the brand, so dressing up as the bag itself is a creative option. Another approach is to dress up as a lemon with “Lulu”  written on a piece of paper and glued to the front. The last option, and arguably the simplest, would be to wear Lululemon clothing and dress as a yoga enthusiast! Lululemon took off in the yoga community and this propelled the company to become what it is today.

If I were to dress up as one of the stocks I’m researching, I would dress up as a combination of a bumble bee and Cupid. Bumble is a fast growing app that specializes in helping people make connections. The company is most well known for its dating services, but it is also branching into helping people make friends and expanding their professional network, through Bumble BFF and Bumble Bizz, respectively.

Disney is always a classic, with the opportunity to dress up as one of your favorite childhood characters. Mickey Mouse is a legend, and there are sure to be complete costumes at your nearest Halloween store. If you wanted to go the homemade route, a  black onesie or shirt, black pants, red shorts, white gloves, yellow shoes, and of course, Mickey Ears!

Since Best Buy is a retailer, they offer very few of their own products and it would be hard to dress up as an electronic device. If I had to get creative, I would dress up as a Geek Squad employee. It’s a very simple but also very recognizable outfit that I could pull off pretty easily!

Dressing up like Snap Inc. for halloween is as easy as it gets because you end up with one of the most classic halloween costumes — the bedsheet ghost. For extra points, you could wear a camera around your neck, carry around a map, or put on a pair of spectacles — some defining features of Snapchat’s platform. If you do pursue this costume idea, make sure to snap a short video of it on Snapchat and upload it to Spotlight to help your creation go viral.

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline high-quality streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides limited on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. It also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, the company’s platform included 345 million monthly active users and 155 million premium subscribers in approximately 79 countries and territories. Spotify S.A. has a licensing partnership with Saregama India Limited. Spotify Technology S.A. was founded in 2006 and is based in Luxembourg. The Group depends on securing content licenses from a number of major and minor content owners and other rights holders in order to provide its service.

When I first heard about NFTs at the beginning of 2021, I quickly dismissed them as worthless jpegs. I figured that anyone can save the picture if they wanted, so “owning” it should not add any particular value. I couldn’t fathom the idea that people were buying some NFTs for millions of dollars. As WallStreetBets, the infamous social media investing brand, started to post about them, I quickly attributed this trend to the same hype that fueled the meme-stock craze. Similar to other pop-culture trends in history, I assumed this was just another fad that would never last. It wasn’t until September, when a friend who was interested in NFTs, convinced me to try and buy one with him. Going through the actual process of trying to buy an NFT, and deciphering what makes some more valuable than others, I began to realize the potential utility and value that goes beyond the actual picture it displays.

What is an NFT?

A non-fungible token (NFT) is defined as a special kind of crypto asset in which each token is unique, distinguishable and one-of-a-kind — as opposed to “fungible” assets like Bitcoin and dollar bills, which are all worth exactly the same amount. Because every NFT is unique and stored on the blockchain, they can be used to authenticate ownership of digital assets like artworks, recordings, and virtual real estate or pets. 

iRobot designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.

Meta Platforms, Inc. (Formerly Facebook, Inc.)

Corporate Profile:

Our Mission: Give people the power to build community and bring the world closer together.

Our products empower more than 3 billion people around the world to share ideas, offer support and make a difference.

Our Culture: At Facebook, we are constantly iterating, solving problems and working together to connect people all over the world. That’s why it’s important that our workforce reflects the diversity of the people we serve. Hiring people with different backgrounds and points of view helps us make better decisions, build better products and create better experiences for everyone.

Our Principles: Our principles are what we stand for. They are beliefs we hold deeply and make tradeoffs to pursue.

• Give People a Voice — People deserve to be heard and to have a voice — even when that means defending the right of people we disagree with.

• Build Connection and Community —  Our services help people connect, and when they’re at their best, they bring people closer together.

• Serve Everyone — We work to make technology accessible to everyone, and our business model is ads so our services can be free.

• Keep People Safe and Protect Privacy — We have a responsibility to promote the best of what people can do together by keeping people safe and preventing harm.

Promote Economic Opportunity — Our tools level the playing field so businesses grow, create jobs and strengthen the economy.

Crypto Profile: Released in 2015, Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens. Ethereum-based apps are built using “smart contracts.” Smart contracts, like regular paper contracts, establish the terms of an arrangement between parties. But unlike an old-fashioned contract, smart contracts automatically execute when the terms are met without the need for either participating party to know who is on the other side of the deal — and without the need for any kind of intermediary. Ethereum, like Bitcoin, is an open source project that is not owned or operated by a single individual. Anyone with an internet connection can run an Ethereum node or interact with the network. Popular Ethereum-based innovations include stablecoins (which are pegged to the dollar by smart contract), decentralized finance apps (collectively known as DeFi), and other decentralized apps (or dapps).

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CLARK RICHERT

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We Wanted to Change the World

Tuesday
December 8, 2020
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The Universe is Expanding

Bucky Fuller said the basic principle of engineering is the relationship between tension and compression.

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Buckminster Fuller and Ideas of Synergy

Collaborative Art Project

What Was the Goal of Drop City

We Wanted to Change The World

The Golden Proportion

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