Morning Brew Daily Reddit’s AI Deals Pay Off & Starbucks Firing Employees Over RTO Policy?
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Oct 30, 2024 The debate over new red meat dietary guidelines is causing a stir, pitting health experts against the cattle industry. Recent earnings reports from tech giants reveal interesting trends, with Reddit capitalizing on its newfound traffic while McDonald's rebounds from an E. coli scare. As corporate giants like Starbucks enforce return-to-office policies, employees are feeling the heat. The hosts also dive into economic indicators that could sway voter opinions ahead of the elections, alongside quirky trivia night highlights.
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Pre-Election Economic Data
- Three major economic reports will be released right before the election: GDP, inflation, and jobs.
- These reports could significantly influence undecided voters, as the economy is a top concern.
Alphabet's Earnings
- Alphabet's Q3 earnings beat expectations, with 15% revenue growth year over year, driven by its cloud unit.
- Despite antitrust lawsuits and lukewarm AI product reception, its core businesses remain profitable.
Reddit's Success
- Reddit exceeded sales expectations for the third consecutive quarter and anticipates a robust holiday season.
- Their advertising technology revamp is paying off, and they achieved profitability for the first time since going public.