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DOSSIER : This Week’s Top Trending Financial Tweets

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02/23/2018 | 01:01pm CEST

Another exciting business week comes to an end. And while the Winter Olympics in PyeongChang were still in full swing, we kept tracking Twitter for you to select some of the top Tweets. Enjoy this week’s selection of trending financial micro-messages.

#7 Teslas replacing Porsches on German Autobahn

Officially, this Tweet is from last Sunday and thus still in week 7, but since it follows up so nicely on our message last week about Porsche entering the electric car market in 2019 we thought we’d include it in this week’s overview.

While saying that Tesla is actually replacing Porsche is still a bit too strong, things are moving fast in the German electric car segment and in the country too. Charging your electric car on German highways is already very easy and the country’s network is growing quickly: Last year, the number of outlets increased by a third, to 8 515, that’s one charging point for every 16 square miles.

And yes, Tesla Inc. is indeed growing more quickly in Germany than electric-car sales in general. So who knows, it may perhaps replace Porsche at some point.

#6 Kidtech startup SuperAwesome valued at $100+ million and profitable

Here’s something you may have never thought of before. The technology used for apps and websites built for kids cannot operate the same way it does for adults.

Kidtech startup SuperAwesome understands this and develops child-friendly technology, including kid-safe advertising, parental controls etc. And with big success: Less than five years after they started, the company is making a profit and expects to grow no less than 100% this year.

#5 Millennials worse off

So far, children in the Western world have usually been better off than the generation before them. Not anymore. Data from the Resolution Foundation show that millennials in their early 30’s earn 4 percent less on average than people born between 1966 and 1980 did at the same age.

#4 May braces herself for Unilever’s new headquarters

The British-Dutch transnational consumer goods group is deciding whether or not to choose the Netherlands for its headquarters amid Brexit pressure.

The company currently has a structure –and headquarters – in the Netherlands and in the United Kingdom but decided to simplify things after deflecting a $143 billion takeover bid from US conglomerate Kraft Heinz last year.

A decision hasn’t been made yet but is expected to fall during the next board meeting scheduled for the second week of March. If the company were to choose the Netherlands over Britain that would be yet another Brexit blow for Theresa May. 

#3 Germany Ifo Business Climate

On Thursday, new figures from the Ifo Business Climate Index for Germany came out and showed a 2.2 point fall from the previous month. February 2018 resulted in a score of 115.4 points, lower than the market expectations of 117.1. 

#2 AI bigger than electricity or fire

Good news for those fearing that AI and robots will take over the world and dominate us human beings. According to Sundar Pichai, the CEO of Google, artificial intelligence will save us, not destroy us:

“AI is probably the most important thing humanity has ever worked on. I think of it as something more profound than electricity or fire,” he said. “Any time you work with technology, you need to learn to harness the benefits while minimizing the downsides.”

#1 The power of a Tweet

Reality TV star and member of the famous Kardashian clan Kylie Jenner wiped out about $1.3 billion of Snapchat’s market value on Thursday. The share price of Snapchat’s parent company dropped 6.1% on Thursday after a Tweet from Kylie on Wednesday.

Jenner asked her 24.5 million followers if she was the only one not to open the Snapchat app anymore. Concerns about Snapchat have been lingering for a while, probably starting when Instagram introduced Instagram Stories in 2016, a feature very similar to Snapchat.

Voila, another week captured in 7 Tweets. Of course, we’ll keep tracking Twitter and we’ll continue to bring you the top financial micro-messages from the web. See you back here next Friday!

Neelie Verlinden
© MarketScreener.com 2018
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