Macro
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| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.30 | +0.30 | +0.40 | +0.40 | +0.13 | +0.04 | +0.40 | +0.40 | +0.30 | +0.01 | +0.40 | +0.30 |
Ad market roars back, record digital-ad year
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AT&T and Discovery Inc. are merging WarnerMedia and Discovery in a $43 billion all-stock deal, creating a global entertainment giant with HBO Max and Discovery+. The new entity, led by Discovery's David Zaslav, aims to boost streaming scale and content investment, while AT&T focuses on 5G; the deal promises $3 billion in cost synergies and positions the combined company to better compete with major streamers.
AMC Entertainment stock nearly doubled amid a resurgence of meme-stock mania, fueled by retail investors despite dilutive share sales to Mudrick Capital. The company raised $230.5 million, while short sellers incurred heavy losses, highlighting continued market volatility driven by retail trading sentiment. The rally also boosted other heavily shorted stocks like GameStop and Bed Bath & Beyond.
On October 28, 2021 at its Connect conference, Facebook announced it was renaming its parent company Meta to signal a multibillion-dollar shift toward building the metaverse with virtual and augmented reality. The apps Facebook, Instagram and WhatsApp kept their names; the rebrand followed a wave of damaging whistleblower disclosures.