Longbridge Breakfast | Meta Platforms Releases Strong Quarterly Report, HuggingChat Claims to Rival GPT3.5
eBay successfully turned a profit of $570 million in the first quarter. Amazon is starting to lay off employees in its cloud computing and human resources departments. The UK opposes Microsoft's acquisition of Activision Blizzard, believing it harms competition in the cloud gaming market. Musk is busy with building a new factory and considering New York State and South Korea.
Good morning! A wonderful day starts with making money.
Market Overview
The S&P 500 hits a four-week low, with Microsoft up over 7% and Tesla down over 4%.
Popular Chinese concept stocks generally rise, with XPENG-W up 3.85%.
Top Stocks
Amazon begins layoffs in its cloud computing and human resources departments.
HuggingChat claims to be comparable to GPT-3.5 and wants to dismantle OpenAI's fence.
UK opposes Microsoft's $69 billion acquisition of Activision Blizzard.
eBay turns a profit of $570 million in the first quarter, up nearly 3% after hours.
US Congressman Schumer: discussing the establishment of a Tesla factory in New York State.
[Meta Platforms CEO Zuckerberg says Meta Platforms is focusing on both AI and the metaverse.](https://longportapp.com/en/news/86185242? force=1&app_id=longbridge)
Expansion of Pinduoduo Overseas Version Temu to the European Market
Macro and Strategy
Morgan Stanley: May is expected to be the last rate hike, but the Fed will not make a "big turn"
Global electric vehicle sales soared by 55% last year, with China leading the way
Singapore doubles stamp duty on foreign property buyers to 60%
