Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown.
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering multibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of February 27th – March 2nd, 2023.
5. The End of an Era is Here For Netflix
The End of Free Netflix Password Sharing Has Come
On Wednesday, the streaming service Netflix (NASDAQ: NFLX) began rolling out a system that charges fees for “extra member” sub-accounts when people outside one household use the same membership, launching in Canada, New Zealand, Portugal and Spain. Initially, this Netflix crackdown concept was to be rolled out in the United States, but was immediately retracted in the country after a plethora of memes hit the internet.
Read the full story here.
4. Why Stock Buybacks Have Skyrocketed in 2023 Despite New Excise Tax
A New Corporate Tax Has Arrived, and So Far in 2023, Its Effect Has Been the Opposite of What Most Expected
A new excise tax on stock buybacks went into effect on January 1, 2023, and has been followed by an unexpected development where corporate share repurchase announcements have exploded.
Read the full story here.
3. How Mark Cuban’s Eponymous Drug Company is Disrupting the Multi-Billion Dollar U.S. Prescription Drug Industry
Mark Cuban Cost Plus Drug Co. is a New Player in the United States Prescription Drug Industry and is Shaking Things Up By Offering Lower Prices for Medication
The company, founded by entrepreneur and billionaire investor Mark Cuban, operates on a cost-plus model, adding a small markup to the cost of the prescription drugs it sells.
Read the full story here.
2. New Federal Court Ruling Has SEC Set to Regulate Use of Stock Market-Related Emojis
In Recent Years, Emojis Have Become Ubiquitous in Our Digital Communication
They can convey emotions, add emphasis, and make messages more fun and engaging. But could they also become a form of legal advice in the stock market?
Read the full story here.
1. Safe Supply Streaming and Origin Therapeutics Engage Research Capital, Announce Financing Upsized to $4 Million
“We Are a First Mover in the Narcotics Safe Supply Industry and Are Proud to Be Putting a Stake in the Ground as Such”
Safe Supply Streaming and Origin Therapeutics (CSE: ORIG) (FSE: U8B) announced today the upsizing of the company’s previously disclosed private placement offering of subscription receipts from $3 million to $4 million in aggregate gross proceeds.
Read the full story here.
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Disclaimer: Wealthy VC does not hold a position in any of the stocks, ETFs or cryptocurrencies mentioned in this article.
