đź’¦ Netflix likes it Raw

And The Rock's new gig

Hey there weekday warriors,

Curious how not to be a good boss? The founder of Kyte Baby put on a masterclass. Not only did she deny an employee’s request to work remotely because her newborn was in the NICU, but her public apology was such an unmitigated disaster that she had to apologize (…for the apology).

Here’s what else we’re getting into today…

  • Netflix likes it Raw

  • Netflix’s yuge quarter

  • Apple Car loading

Enjoy the next 4 minutes and 9 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

Markets

+ “The S&P 500 closed at a new all-time high for the third-straight session Tuesday as bullish bets on tech continued to power stocks.” (Reuters)

+ The 10-year Treasury yield “nudged slightly higher on Tuesday, as market participants await the release of key economic data points later in the week." (CNBC)

+ Oil prices “settled lower on Tuesday as traders focused on rebounding crude output in parts of the U.S., along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East.” (Reuters)

+ Bitcoin “price is being pressured by interest rate concerns, the spot Bitcoin ETF net outflows and the Mt. Gox bankruptcy estate process.” (Cointelegraph)

+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) DWAC +2.13% 2) Nvidia +0.37% 3) Netflix +1.33%.

Dad, what was it like when The Rock was just a wrestler and WWE Raw was on cable?

(Source: Giphy)

Fun fact: men think about the Roman Empire 1-2x per week… but they wonder if “The Rock” is just Taylor Swift for dudes 2-3x per day.

This is not a drill, people. Dwayne “The Rock” Johnson just got a seat on the board of TKO. And imagine being the poor bastard who disagrees with him about Sarbanes-Oxley and catches a Rock Bottom through the boardroom table.

As part of the deal, the WWE will hand over the intellectual property rights for The Rock to The Rock. And Dwayne will secure $30M to promote the WWE, UFC and TKO…

Which makes sense…

Turns out inking a deal with The Rock was the second-biggest bombshell that TKO dropped yesterday… although I’d never say that to The Rock’s face. The WWE signed a deal with Netflix to make the streamer the exclusive home of Raw for the next 10 years. The deal is worth ~$5B.

Yes, that means that WWE Raw fans will need a Netflix account to watch the weekly show. Oh, and it also means that NFLX did a 180 on its “no live sports” stance.

As for TKO, it will get access to an audience of 260M (see below) premium viewers worldwide. And although the deal only includes Raw at the moment, it’s probably not a stretch to think NFLX will give WWE the Drive to Survive treatment (think: reality shows).

Currently, Peacock holds the streaming rights to WWE PPV events, but that could all change in 2026 when that deal expires. They could be Peacucked, if you will, by the big swinging streamer. Especially since Netflix will carry all WWE shows, including PPVs, internationally as part of this initial deal.

Shares of TKO rose by 15% on the day. Meanwhile, Netflix was up just over 1%… in the regular sesh (more on after-hours below).

STB

+ One of your red flags came up in a job interview—here’s how to respond to it (Read)

+ Kimbal Musk says he took ayahuasca and 'felt the voice of God' (Read)

+ ICYMI... These Are the Worst States to Retire in 2024 (Read)

TS

+ “Save some for the rest of us…” - every other streamer to Netflix

You might have had a good day, but you definitely didn’t have as good of a day as Netflix. First, the streamer announced that it was about to tag team the media world with the WWE by securing rights to Raw…

Then after the close, it said it added 13.1M net new subscribers in Q4. That easily beat the Street’s expectations and helped Netflix once again make any and all competitors their b*tch. I think it’s safe to assume the password crackdown has had the intended consequence…

More than 23M subscribers have opted for the ad version, compared to 15M in November. Is that good?

After those mind-boggling growth figures, investors gave zero f*cks about the bottom line miss. The company did meet top-line expectations. Shares rose nearly 9%. (Read)

+ Apple Car Play: *connects to your phone like 75% of the time*

Apple: “F*ck it, let’s make an entire car. How hard could it be?”

Apple has been talking about building a car since approximately 2014. And it still has plans to do so. It’s just going to suck a whole lot more…

According to Bloomberg, the Apple Car won’t have full autonomous capabilities, because, you know, that doesn’t exist. It’ll have a Level 2 system, which is basically just cruise control. Oh, and the launch was pushed back from 2026 to 2028.

Shares were up ~0.5% on the day, but I ensure you it has nothing to do with anyone giving a damn about this car. (Read)

+ “That’s my f*cking ashtray money, bro.” - the Sackler family upon seeing the Johnson & Johnson settlement

I’ve got some good news, and I’ve got some bad news for J&J investors. The good news is the company settled an investigation by more than 40 states that claimed the company misled consumers about the safety of its baby powder (spoiler: it caused cancer). J&J’s f*ck up cost it $700M.

The bad news (yes, the $700M is the good part)? This doesn’t resolve the tens of thousands of individual lawsuits brought against the company.

J&J partially offset the thicc settlement with a Q4 earnings beat. Shares fell 1.6%. (Read)

What else?

+ PSA: if you own a Boeing 737 Max, make sure all the bolts on your door plugs are tighter than CEO Dave Calhoun’s a**hole is these days. Last week, Boeing sent out an urgent message to airlines reminding them to tighten their bolts (given Boeing’s safety record, I imagine it was just written in crayon on construction paper).

In totally unrelated news… during an interview yesterday, Alaska Air’s CEO said the company found “loose bolts on many” 737 Maxs. (Read)

+ So, can we legally still call him Pharma Bro? Asking for a friend. Yesterday, an appeals court upheld a decision that would ban Martin Shkreli from the pharma industry for life and force him to pay $64M. Shkreli does have one more option… appealing to the Supreme Court, which would really help complete his villain arc. (Read)

+ Probably nothing, but… shares of Alibaba jumped almost 8% on rumors that Jack Ma and Joseph Tsai bought more than $200M worth of shares recently. (Read)

FWD

Here's what I'm keeping an eye on today...

+ Tesla, Abbott Laboratories, IBM, AT&T, General Dynamics, Las Vegas Sands, and CSX report

EXIT

Yesterday, I asked Have you ever watched a video on Rumble?

79.5% of you said “no.” And now that Barstool deal is starting to make a whole lot more sense for Rumble (…no matter how much they paid).

Here’s today’s question…

Is Dwayne "The Rock" Johnson the Taylor Swift/Beyonce for dudes?

Login or Subscribe to participate in polls.

Oh, and one more thing…

What did you think about today's newsletter?

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FINE

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional