Ferrari Unveils $3.9M F80 Hypercar🏎️

☀️Good morning. It's Friday, Oct. 18, and we're covering, Netflix Stock Surges After Strong Q3 Earnings And Subscriber Growth, AWS CEO Defends Five-Day Office Policy, How Israel Eliminates Hamas Leader Yahya Sinwar In Southern Gaza Raid, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.33 Trillion, a 0.99% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $76.6B, which makes a 4.90% decrease.

• The total volume in Defi is currently $4.24B, 5.24% of the total crypto market 24-hours.

• The volume of all stablecoins is now $69.53B, which is 90.77% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 57.68%, an increase of 0.14% over the day.

Retail Investors Stay Cautious As Bitcoin Approaches Record High

As Bitcoin approaches its all-time high of $73,798, retail investors appear to be largely absent from the market, despite growing institutional interest in the cryptocurrency. Currently, Bitcoin is trading approximately 9% below its peak, but signs indicate that the fear of missing out (FOMO) has not yet materialized among individual investors. (Read Deeper)

BUSINESS & FINANCE

Netflix Stock Surges After Strong Q3 Earnings And Subscriber Growth

Netflix's stock surged by 5% in after-hours trading following the company's third-quarter earnings report, which exceeded analyst expectations for revenue and earnings per share (EPS). The streaming giant posted a revenue of $9.83 billion for Q3, beating the consensus estimate of $9.78 billion, and marking a 15% increase year-over-year. Netflix added 5.07 million new subscribers in Q3, surpassing the expected 4.5 million and following 8.05 million additions in the previous quarter.

Takeaway: Key drivers of Netflix’s growth included a crackdown on password sharing, the introduction of an ad-supported tier, and previous price hikes. For the fourth quarter, Netflix projected revenue of $10.13 billion, surpassing Wall Street's forecast of $10.01 billion. Looking ahead to 2025, the company expects revenue between $43 billion and $44 billion. (Read Deeper)

Ferrari Unveils $3.9M F80 Hypercar: The Ultimate Collector’s Item

Ferrari has unveiled its new F80 hypercar, priced at $3.9 million and limited to 799 units, all of which are already reserved. The F80 features a hybrid powertrain combining a turbocharged V6 engine and three electric motors, generating nearly 1,200 horsepower, making it Ferrari’s most powerful car to date. Inspired by Formula 1 technology, the car's advanced aerodynamics provide 2,200 lbs of downforce at 155 mph. Despite using a V6 engine instead of the traditional V12, experts believe the F80 will become a highly sought-after collector's item.

Why It Matters: Ferrari’s new hypercar draws heavily from its Formula 1 and Le Mans racing technology, showcasing the brand's dedication to innovation. Despite a V6 engine, compared to the V12 of the LaFerrari, experts believe this will not dampen demand. Its limited production, sleek design, and Ferrari’s racing heritage ensure its place as a future classic in the hypercar market. (Read Deeper)

TECHNOLOGY & SCIENCE

AWS CEO Defends Five-Day Office Policy, Tells Employees To Quit If They Disagree

Amazon's AWS CEO, Matt Garman, defended the company's upcoming 5-day-per-week in-office policy during an all-hands meeting. He stated that employees who prefer not to return to the office full-time are free to leave for other companies. Garman expressed that the majority of employees he spoke with support the policy, which takes effect in January. He emphasized the need for in-person collaboration to drive innovation, stating that achieving the company's goals with just a three-day in-office schedule is hard.

Takeaway: The policy has faced criticism from some employees, who argue that commuting wastes time and that independent data does not support the benefits of office work. Amazon, the world's second-largest private employer, has enforced stricter return-to-office requirements compared to peers like Google, Meta, and Microsoft. Garman, however, believes the change will foster better teamwork and align employees more closely with Amazon’s leadership principles. (Read Deeper)

NASA Puts Boeing's Starliner On Hold, Turns To SpaceX For Upcoming ISS Missions

NASA appears to be stepping away from Boeing's troubled Starliner spacecraft for upcoming missions to the International Space Station (ISS), opting to use SpaceX's Crew Dragon instead. Starliner, developed under NASA’s Commercial Crew program alongside Crew Dragon, has faced delays and technical issues, leaving two astronauts stranded on the ISS during its recent mission. NASA announced that its Crew-10 and Crew-11 missions will rely on Crew Dragon, a move that raises questions about Starliner's future.

Why It Matters: Starliner astronauts Butch Wilmore and Suni Williams are expected to return to Earth in February aboard SpaceX’s Crew Dragon, adding another blow to Boeing’s spacecraft program. NASA’s struggles with Starliner have been compounded by Boeing's ongoing challenges, including leaving behind two other astronauts who were set to fly back on the same mission. Amid Starliner’s issues, NASA Administrator Bill Nelson hinted that the agency may need to continue relying on Russian Soyuz spacecraft for future missions. (Read Deeper)

AROUND DE WORLD & POLITICS

How Israel Eliminates Hamas Leader Yahya Sinwar In Southern Gaza Raid

Israeli forces have confirmed the killing of Yahya Sinwar, the leader of Hamas, after a year-long pursuit. Sinwar, who was behind the October 7 attacks, had been hiding in Gaza's tunnels. Israeli troops unknowingly engaged and killed Sinwar during a routine patrol in Rafah, southern Gaza. His identity was later confirmed through DNA testing. Israeli officials hailed his death as a major blow to Hamas, but Prime Minister Benjamin Netanyahu stated that the military campaign would continue, particularly to rescue over 100 hostages still held by Hamas.

Takeaway: Footage released by the IDF showed Sinwar’s last moments, depicting a man, reportedly injured, throwing an object at a drone before the video cuts off. Despite initial uncertainty, Israeli authorities later confirmed that DNA tests had positively identified Sinwar, describing his death as a major blow to Hamas. The killing of Sinwar represents a critical milestone in Israel’s campaign against Hamas leadership, but officials stress that the conflict is far from over. (Read Deeper)

Trump Attends Al Smith Dinner As Harris Appears In Pre-Recorded Video

Former President Donald Trump headlined the annual Al Smith charity dinner in New York, where he acknowledged his past remarks targeting Hillary Clinton but quickly returned to his combative style, making jokes about Second Gentleman Doug Emhoff's extramarital affair. Vice President Kamala Harris did not attend in person, opting instead to campaign in battleground states, and appeared via a pre-recorded video featuring comedian Molly Shannon.

Takeaway: The event, which raises funds for Catholic charities, is traditionally a platform for light-hearted political banter, but Trump's criticisms of Harris highlighted the underlying tensions of the upcoming election. Comedian Jim Gaffigan hosted, making jokes at both parties' expense. The dinner, named after former New York Governor Al Smith, has been a staple of U.S. presidential politics since 1928. (Read Deeper)

ENTERTAINMENT & SPORTS

Lakers Defeat Phoenix Suns In Overtime

The Los Angeles Lakers defeated the Phoenix Suns 128-122 in overtime during a preseason game on Thursday night, with rookie Dalton Knecht shining by scoring 35 points, including 25 in the fourth quarter and overtime. The Lakers aimed to simulate a regular-season routine under new coach JJ Redick, but several key players, including LeBron James and Rui Hachimura, sat out due to minor injuries. Anthony Davis led the team with 35 points, showcasing his shooting ability, while the Suns' Devin Booker and Kevin Durant contributed 22 and 19 points, respectively. (Read Deeper)

Former One Direction Members Mourn The Loss Of Liam Payne

Former One Direction members have expressed their deep sorrow over the death of Liam Payne, who tragically passed away on October 16 at the age of 31 after falling from his hotel room in Argentina. In a joint statement shared on the official One Direction Instagram account, Louis Tomlinson, Zayn Malik, Niall Horan, and Harry Styles conveyed their devastation and emphasized their love for Payne, noting that they will cherish the memories they shared with him. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• The US debt crisis will become one of the biggest issues of our time, affecting not only those in the US but everyone around the world. (Listen)

EXTRA BREVITI

• Automattic, the parent company of WordPress, has presented its employees with a second severance offer, this time extending a nine-month payout for those willing to leave the company immediately. (Read More)

• Chris Arthur, a U.S. military veteran, has become a notable figure in the rise of far-right extremism in the U.S. He has called for violent action against police and government officials, claiming a civil war is imminent. (Read More)

• Worldcoin, the cryptocurrency project co-founded by Sam Altman, has officially rebranded to “World,” shedding the “coin” from its name. (Read More)