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=E2=80=A6and leaders of AI like Elo= n Musk want to rein it in
<= /table>
Disclosures
<= div class=3D"mj-column-per-100 mj-outlook-group-fix" style=3D"font-size:0px= ;text-align:left;direction:ltr;display:inline-block;vertical-align:top;widt= h:100%;">
 
=
<= /table>

Juicing thos= e downloads (Jakub Porzycki/Getty Images)

 
=
Last Week=E2=80=99= s Market Moves
 
Dow Jones
33,274 (+3.22%)		S&P 500
4,1= 09 (+3.48%)		Nasdaq
12,222 (+3.37%)		Bi= tcoin
$28,394 (+4.54%)
=
Dow Jones
33,274 (+3.22%)		S&P 500
4,109 (+3.48%)
Nasd= aq
12,222 (+3.37%)		Bitcoin
$28,394 (+4.54%)
<= /table>
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">

Hey Snackers,

A= pril Fool=E2=80=99s Day may be over, but the pranks never end on Tw= itter. An AI-generated image of the pope in a white Balenciaga = puffer jacket managed to fool a lot of people.

US stocks ended the we= ek with big gains after cooler-than-expected inflation data eased Fed rate-= hike worries. On Friday traders anticipated a 50% chance that the central b= ank won=E2=80=99t raise rates at its next meeting in May. The majo= r indexes ended the first quarter in the green, led by the techy Nasdaq, wh= ich gained 18% through March.

Btw... Do you want to start getting Snacks daily? Or prefer to unsubscribe= ? Manage your subscription preferences here<= /a>.

<= /table>
SQUEEZED
<= /table>

ByteDance pushes an Instagram-like app a= s DC battles over banning TikTok

Wh= en Congress gives you lemons=E2=80=A6 make Lemon8. ByteDan= ce has been busy, and not just defending its social superstar, Tik= Tok, from US lawmakers, who are considering a ban. The Chinese tech ti= tan has another social app, dubbed Lemon8, which hit US App Store = top charts this week. Described as a cross between Meta's Instagram and Pinterest (picture: style pics, shopping= recs), Lemon8 is said to use the same recommendation algo powering TikTok&= #39;s addictive feed.

  • Slow squeeze: After introducing the app= in 2020, in Japan, ByteDance grew Lemon8 to 5M monthly users last year by = rolling it out in countries including the UK and Indonesia.
  • Cre8tors: ByteDance paid US crea= tors to juice up Lemon8 with #sponsored content, and some social stars are = posting about Lemon8 on TikTok. ByteDance is reportedly gearing up to (officially) promote L= emon8 globally next month.
  • A= nother slice: ByteDance also owns CapCut, a Tok-friendly video-edi= ting app with 400M+ global downloads last year.

Lemon8 = and left some crumbs=E2=80=A6 Lemon8's low-key launch contrast= s with ByteDance's high-key TikTok tangle. A bipartisan group of lawmak= ers are pushing legislation that would give President Biden the power to ba= n (or force a sale of) TikTok =E2=80=94 plus other apps seen as posing nati= onal-security concerns. Think: platforms that might share data with China o= r other sanctioned countries. POTUS urged Congress to pass the bill, but no= t everyone's on the ban-wagon: Sen. Rand Paul and Rep. AOC recently opp= osed a ban on free-speech grounds. TikTok users have also been posting fan = content supporting the app=E2=80=99s CEO, who was grilled by Congress last = month.

= THE TAKEAWAY

Whac-A-Mole never ends=E2=80=A6= Even if the US gov=E2=80=99t squashes TikTok, lawmakers might sour on TikT= ok-adjacent apps, leaving them forever chasing viral hits. Meanwhile, feder= al privacy legislation =E2=80=94 which could address the root of many app-p= rivacy concerns =E2=80=94 has been stalled in Congress for years. As offici= als keep whacking moles, apps like Insta, Snap, and Google=E2=80=99s YouTube stand to benefit if their competition g= ets smashed.

<= /table>
<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Zoom Out
<= /table>
=
<= div style=3D"font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;li= ne-height:32px;text-align:left;color:#000000;">

Stories we=E2=80=99re wat= ching

Your creation takes on a life= of its own=E2=80=A6 We=E2=80=99re not talking Frankenstein. Last = week, 1.4K+ tech leaders and AI researchers (including Elon Musk and Apple cofounder Steve Wozniak) signed an open letter calling for= a six-month pause in the race to train AI tools. They warned that ignoring= caution could lead to =E2=80=9Closs of control of our civilization=E2=80= =9D and said a pause would give the industry =E2=80=9Cbreathing room=E2=80= =9D to set safety standards and understand threats. It could be hard to put= the genie back in the bottle, though: Microsoft and other= s have already started integrating AI.

Curfew incoming=E2=80= =A6 Scrutiny=E2=80=99s rising over the effects of social media on = kids. Last week Arkansas sued Meta and TikTok, saying their apps harm mental health. Last month Utah passed strict l= aws aimed at protecting minors: social platforms must give parents access t= o teens' accounts and enforce a 10:30 p.m. curfew. Congress is eyeing l= egislation to protect kids on social, while some school districts are also = suing social apps. Since half of US teens said they=E2=80=99re online =E2= =80=9Calmost constantly,=E2=80=9D the most susceptible group may also be th= e most bankable.

 
<= /tr>
<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Events
<= /td>
<= /table>
=
<= div style=3D"font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;li= ne-height:32px;text-align:left;color:#000000;">

Coming up this week

Must add curly fries=E2=80=A6 <= strong>Lamb Weston has been cooking up success as Americans feast = on french fries, no matter the economic weather. Last quarter the potato po= werhouse hit a record $1.3B in sales and raised its annual forecast as fry = demand sizzled. FYI: LW makes $$ both from grocery-store frozen aisles = and from restaurants (think: corporate customers like McDonald= =E2=80=99s and KFC parent Yum Brands). But even a= s dining out declines, LW says its =E2=80=9Cfry-attachment rate=E2=80=9D is= still above prepandemic levels as people keep adding fries to their orders= .

Eggstra-pricey Easter=E2=80=A6 Big Egg=E2=80=99s b= ig holiday is upon us, but you might wanna stick to chocolate. Cal-= Maine, America=E2=80=99s largest egg producer, reported an 8X quar= terly profit jump as prices yolked up. The average price of a dozen was $4 = in February (up from $2 a year earlier), adding merit to those =E2=80=9Cegg= s as a symbol of wealth=E2=80=9D memes. Supply is a= t a three-year low as the industry deals with the avian flu (though Cal-Mai= ne said its chickens weren=E2=80=99t affected). Americans are expected to s= pend a record $24B on Easter this year, including $7.3B on food.

<= /td>

<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">ICYMI
= <= /table>

Last week's highlights<= /p>

  • Split: Alibaba (aka the Amazon of China) is splitting its biz into si= x independent companies. Keeping units separate could help execs focus on i= ndustry-specific growth =E2=80=94 and avoid more regulatory scrutiny.
    • <= li style=3D"margin-bottom: 12px;">RT: Starting April 15, only pay= ing blue-check Twitter subscribers will have their posts r= ecommended to non-followers and be allowed to vote in polls. Since Tweeters= are used to having that free, it could backfire and alienate users.Disno: Dis= ney laid off its 50-person metaverse team as IRL macro conditions = lead companies to ditch their pricey meta-ambitions. Last month Mic= rosoft and Tencent shuttered meta projects to cut= costs.

What else we're Snackin'
  • Score: As inflation strains wallets, travelers are using online "giveaway = groups" to leave unused treats for strangers (think: extra diapers, ho= tel snacks). The posts help reduce waste and ease vacay costs.
  • Denim: Thrifting isn=E2=80=99= t thrifty anymore. Shoppers say secondhand stores are getting too = pricey as Gen Zers take to shops like Goodwill to #thrifth= aul vintage fits. Budget retailers are starting to hike prices.
  • Spil= l: The Department of Justice is suing Norfolk Southern= Railway, alleging it illegally polluted waterways after a major t= rain derailment in February. So far, Norfolk has agreed only to cover the c= leanup costs.
=
Want your Snacks daily?
The = Daily Newsletter
Get fresh takes on financial news every week day. Try a sample:=

=E2=9C=88=EF=B8=8F JetBlue=E2=80=99= s NYC blues =E2=80=A2 Mar 31, 2023
=F0=9F=97=B3=EF=B8=8F Twitter=E2=80=99s Blue backlash =E2=80=A2 Mar 30, 2023=F0=9F=9B=8D=EF=B8=8F Alibaba=E2=80=99s big bre= akup =E2=80=A2 Mar 29, 2023

Subscribe to the Daily
=
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">
Snack Fact Of the Day
Texas was home to 6 of the top 10 largest-growing US co= unties last year

<= /table>
This Week
  • Monday: NCAA March Madness finals
  • Tuesday: Earnings expected from Acuity Brands
  • Wednesday: Passover = begins. Earnings expected from Conagra and Lamb We= ston
  • Thursday: Initial jobless claims. The Masters begins. Earnings expected from Constellation Brands and Levi
  • Friday: Markets closed for Good = Friday. March job numbers

Authors of this Snacks own shares: of= Apple, Amazon, Disney, Google, Microsoft, Snap, and Yum Brands

ID: 2= 825169

<= /tr>
Robinhood Snacks newsletters reflect t= he opinions of only the authors who are associated persons of Robinhood Fin= ancial LLC (Member SIPC) and d= o not reflect the views of Robinhood Markets, Inc. or any of its subsidiari= es or affiliates. They are for informational purposes only, and are not a r= ecommendation of an investment strategy or to buy or sell any security, dig= ital asset (cryptocurrency, etc) in any account. They are also not research= reports and are not intended to serve as the basis for any investment deci= sion. Any third-party information provided therein does not reflect the vie= ws of Robinhood Markets, Inc., Robinhood Financial LLC, or any of their sub= sidiaries or affiliates. All investments involve risk including the loss of= principal and past performance does not guarantee future results.
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--67780775987bd435de31969b72904f7e5b03b2a0d3d68ade786183b7106a Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0
=E2=80=A6and leaders of AI like Elo= n Musk want to rein it in
=
 =
=

Juicing those downloads (Jakub Porzycki/Getty Images)

 
La= st Week=E2=80=99s Market Moves
R= 02;
Dow Jones
33,274 (+3.22%)		= S&P 500
4,109 (+3.48%)= 		Nasdaq<= br>12,222 (+3.37%)Bitcoin
$28,394 (+4.54%)
Dow Jones
33,274 (+3.22%)		S&P 500
4,109 (+3= .48%)
Nasdaq
12,222 (+3.37%)		Bitcoin
$28,394 (+4.54%)
3D""
SQUEEZED
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ByteDance= pushes an Instagram-like app as DC battles over banning TikTok

When Congress gives you lemons=E2=80=A6 make Lemon8. ByteDance has been busy, and not just defe= nding its social superstar, TikTok, from US lawmakers, who are co= nsidering a ban. The Chinese tech titan has another social app= , dubbed Lemon8, which hit US App Store top charts this week. Described as = a cross between Meta's Instagram and Pinterest= (picture: style pics, shopping recs), Lemon8 is said to use the s= ame recommendation algo powering TikTok's addictive feed.

  • Slow sq= ueeze: After introducing the app in 2020, in Japan, ByteDance grew= Lemon8 to 5M monthly users last year by rolling it out in countries includ= ing the UK and Indonesia.
  • Cr= e8tors: ByteDance paid US creators to juice up Lemon8 with #sponso= red content, and some social stars are posting about Lemon8 on TikTok. Byte= Dance is reportedly = gearing up to (officially) promote Lemon8 globally next month.
  • Another slice: ByteDance al= so owns CapCut, a Tok-friendly video-editing app with 400M+ global download= s last year.

Lemon8 and left some crumbs=E2=80=A6 Lemon8's low-key launch contrasts with ByteDance's high-key Tik= Tok tangle. A bipartisan group of lawmakers are pushing legislation that wo= uld give President Biden the power to ban (or force a sale of) TikTok =E2= =80=94 plus other apps seen as posing national-security concerns. Think: pl= atforms that might share data with China or other sanctioned countries. POT= US urged Congress to pass the bill, but not everyone's on the ban-wagon= : Sen. Rand Paul and Rep. AOC recently opposed a ban on free-speech grounds= . TikTok users have also been posting fan content supporting the app=E2=80= =99s CEO, who was grilled by Congress last month.

THE TAKEAWAY

Whac-A-Mole never ends=E2=80=A6 Even if the US gov=E2=80=99t= squashes TikTok, lawmakers might sour on TikTok-adjacent apps, leaving the= m forever chasing viral hits. Meanwhile, federal privacy legislation =E2=80= =94 which could address the root of many app-privacy concerns =E2=80=94 has= been stalled in Congress for years. As officials keep whacking moles, apps= like Insta, Snap, and Google=E2=80=99s Y= ouTube stand to benefit if their competition gets smashed.

--67780775987bd435de31969b72904f7e5b03b2a0d3d68ade786183b7106a--
<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Zoom Out
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Stories we=E2=80=99re wat= ching

Your creation takes on a life= of its own=E2=80=A6 We=E2=80=99re not talking Frankenstein. Last = week, 1.4K+ tech leaders and AI researchers (including Elon Musk and Apple cofounder Steve Wozniak) signed an open letter calling for= a six-month pause in the race to train AI tools. They warned that ignoring= caution could lead to =E2=80=9Closs of control of our civilization=E2=80= =9D and said a pause would give the industry =E2=80=9Cbreathing room=E2=80= =9D to set safety standards and understand threats. It could be hard to put= the genie back in the bottle, though: Microsoft and other= s have already started integrating AI.

Curfew incoming=E2=80= =A6 Scrutiny=E2=80=99s rising over the effects of social media on = kids. Last week Arkansas sued Meta and TikTok, saying their apps harm mental health. Last month Utah passed strict l= aws aimed at protecting minors: social platforms must give parents access t= o teens' accounts and enforce a 10:30 p.m. curfew. Congress is eyeing l= egislation to protect kids on social, while some school districts are also = suing social apps. Since half of US teens said they=E2=80=99re online =E2= =80=9Calmost constantly,=E2=80=9D the most susceptible group may also be th= e most bankable.

 
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<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">Events
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Coming up this week

Must add curly fries=E2=80=A6 <= strong>Lamb Weston has been cooking up success as Americans feast = on french fries, no matter the economic weather. Last quarter the potato po= werhouse hit a record $1.3B in sales and raised its annual forecast as fry = demand sizzled. FYI: LW makes $$ both from grocery-store frozen aisles = and from restaurants (think: corporate customers like McDonald= =E2=80=99s and KFC parent Yum Brands). But even a= s dining out declines, LW says its =E2=80=9Cfry-attachment rate=E2=80=9D is= still above prepandemic levels as people keep adding fries to their orders= .

Eggstra-pricey Easter=E2=80=A6 Big Egg=E2=80=99s b= ig holiday is upon us, but you might wanna stick to chocolate. Cal-= Maine, America=E2=80=99s largest egg producer, reported an 8X quar= terly profit jump as prices yolked up. The average price of a dozen was $4 = in February (up from $2 a year earlier), adding merit to those =E2=80=9Cegg= s as a symbol of wealth=E2=80=9D memes. Supply is at= a three-year low as the industry deals with the avian flu (though Cal-Main= e said its chickens weren=E2=80=99t affected). Americans are expected to sp= end a record $24B on Easter this year, including $7.3B on food.

<= div style=3D"font-family: 'Capsule Sans Text', Arial; font-weight: 700; let= ter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6p= x 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60);= display: inline-block;">ICYMI
= <= /table>

Last week's highlights<= /p>

  • Split: Alibaba (aka the Amazon of China) is splitting its biz into= six independent companies. Keeping units separate could help execs focus o= n industry-specific growth =E2=80=94 and avoid more regulatory scrutiny.
  • RT: Starting = April 15, only paying blue-check Twitter subscribers will = have their posts recommended to non-followers and be allowed to vote in pol= ls. Since Tweeters are used to having that free, it could backfire and alie= nate users.
  • Disno: Disney laid off its 50-person metaverse team as IRL macr= o conditions lead companies to ditch their pricey meta-ambitions. Last mont= h Microsoft and Tencent shuttered meta pr= ojects to cut costs.

<= /table>
What else we're Snackin'
  • Score: As inflation strains wallets, travelers are using online "giveaway= groups" to leave unused treats for strangers (think: extra diapers, h= otel snacks). The posts help reduce waste and ease vacay costs.
  • Denim: Thrifting is= n=E2=80=99t thrifty anymore. Shoppers say secondhand stores are ge= tting too pricey as Gen Zers take to shops like Goodwill t= o #thrifthaul vintage fits. Budget retailers are starting to hike prices.
  • Spill: The Department of Justice is sui= ng Norfolk Southern Railway, alleging it illegally pollute= d waterways after a major train derailment in February. So far, Norfolk has= agreed only to cover the cleanup costs.
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Get fresh takes on financial news every week day. T= ry a sample:
<= /table>
Want your Snacks daily?
The Daily Newsletter

=E2=9C=88=EF=B8=8F JetBlue=E2=80=99s NYC blues =E2=80=A2 Mar 31, 2023
=F0=9F=97= =B3=EF=B8=8F Twitter=E2=80=99s Blue backla= sh =E2=80=A2 Mar 30, 2023
=F0=9F=9B=8D=EF=B8=8F Alibaba=E2=80=99s big breakup =E2=80=A2 Mar 29, 202= 3

Snack = Fact Of the Day
Texas = was home to 6 of the top 10 largest-growing US counties last year

<= /table>
This Week
  • Monday: NCAA March Madness finals
  • Tuesday: Earnings expected from Acuity Brands
  • Wednesday: Passover = begins. Earnings expected from Conagra and Lamb We= ston
  • Thursday: Initial jobless claims. The Masters begins. Earnings expected from Constellation Brands and Levi
  • Friday: Markets closed for Good = Friday. March job numbers

Authors of this Snacks own shares: of= Apple, Amazon, Disney, Google, Microsoft, Snap, and Yum Brands

ID: 2= 825169

<= /tr>
Robinhood Snacks newsletters refle= ct the opinions of only the authors who are associated persons of Robinhood= Financial LLC (Member SIPC) and = do not reflect the views of Robinhood Markets, Inc. or any of its subsidiar= ies or affiliates. They are for informational purposes only, and are not a = recommendation of an investment strategy or to buy or sell any security, di= gital asset (cryptocurrency, etc) in any account. They are also not researc= h reports and are not intended to serve as the basis for any investment dec= ision. Any third-party information provided therein does not reflect the vi= ews of Robinhood Markets, Inc., Robinhood Financial LLC, or any of their su= bsidiaries or affiliates. All investments involve risk including the loss o= f principal and past performance does not guarantee future results.
To unsubscribe from all commercial = emails, click here