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=E2=80=A6and Bumble=E2=80=99s and G= rindr=E2=80=99s post-Tinder earnings
= 202;
The Winklevoss twins have been big investors in crypto projects (Joe R= aedle/Getty Images)
 
<= !--[if mso | IE]>
=
Spo= nsored by
Last Week=E2=80=99s Market M= oves
=
 
Dow Jones
39,737 (-2.10%)<= /span>		S&P 500
5,347 (-2.06%)		Nasdaq
16,776 (-3.35%)= 		Bitcoin
$61,846 <= span style=3D"color: rgb(255, 80, 0);">(-6.69%)
Dow Jones
39,737 (-2.10%)		S&P 500
5,347 (-2.06= %)
Nasdaq
16,776 (-3.35%)		$61,846 (-6.69%)
<= /table>

Hey Snackers,

Not on our 2024 bingo ca= rd: Big Tobacco asking for more enforcement. Tobacco and vape companies are= facing a knockoff nightmare as unauthorized Chinese vape= s flood US shelves. Now, companies like Juul and Marlboro maker Altria <= /b>are urging regulators to crack down.

The Nasdaq plunged 2.4% o= n Friday, sending the tech-heavy index into correction territory (down 10% = from recent highs). An extreme bummer of a jobs report fueled recession fea= rs. US employers added 114K jobs last month (way less than expected), and t= he unemployment rate hit the highest level since 2021.

=F0=9F=97=92= =EF=B8=8F Quiz on my list: Start your week off strong with our Snacks Seven quiz to test your memory of the p= ast week=E2=80=99s newsletters. Here=E2=80=99s a sample q:

  • Former President Tru= mp proposed a national =E2=80=9Cstockpile=E2=80=9D of what? (Check your answer.)

No-Clout
=
<= /table>
<= tr>

BitClout=E2=80=99s founder gets charge= d with fraud as VCs pour billions into crypto startups

Chasing clout=E2=80=A6 A high-profile crypto founder who = reportedly raised $257M from retail investors and prominent VCs including <= b>Andreessen Horowitz and Winklevoss Capital was arrested on suspicion of frau= d. The SEC said BitClout founder Nader Al-Naji spent investors=E2=80= =99 $$ on himself and falsely claimed his project was decentralized. Launch= ed in 2021, BitClout was a buzzy entrant to the emerging world of =E2=80=9C= SocialFi=E2=80=9D =E2=80=94 short for social finance =E2=80=94 which sought= to upend social media. In its first month in business, BitClout reportedly= scored a $1B valuation and saw $225M in trades.

  • Anti-socials: SocialFi = mixes decentralized finance and social media. Think: X, but built on the blockchain and not controlled by one company. The goal= is to let users monetize accounts that they control.

  • BuyClout: BitClout pitched itself as part fin= ancial app and part social app. It let traders place crypto-based bets on t= he popularity of public figures (sorta like a celeb coin). One BitClout tok= en was once valued at $175. It=E2=80=99s now worth essentially nothing.

    =

A speed bump=E2=80=A6 Al-Naji=E2=80=99s arrest and BitC= lout=E2=80=99s failure (it shut down months after launch) haven=E2=80=99t d= ried up the flood of VC cash. DL News reported that this year investors are expected to = pump $12B into crypto projects. That=E2=80=99s more than the $8.2B raised l= ast year, though still far from 2022=E2=80=99s boom-era haul of $30B. Analy= sts say there are a few factors contributing to the projected funding upswi= ng: former President Trump=E2=80=99s embrace of crypto, spot bitcoin and ethereum ETFs, and expected = Fed rate cuts. One example of crypto projects benefiting from a VC boost: <= a href=3D"https://sg.robinhood.com/ls/click?upn=3Du001.XlCJqwwOL58T-2B5u1T1= OmQNd-2F4YHlraIIAxuA95HfFpqD2x819aDjgXNmhOCFkRgg-2FteGXG0Hoi0cjmdnEhZ61FIjk= prRiMc5ARaerZhpD0gpLgypP-2FWZuQ-2F5sPs45c4XUaoSC6DBemsqQWNoQyPUgQ76-2B1MFP0= 4yhX5giR7OUKC9toqZe7NnzHerC1wGG8UimV2TKFmGyeZX9PFukCNbJKoMIGFc1spxMrUtHkfEi= GDgVJPhn-2BlMKI-2FFx01XHWsIprQ-2F6V013dcuXM7SrUr9QA-3D-3Dqgm3_IHWeHh5OxE-2F= FI4JuNZQ4XTt6Ks7Su2x6u3F6QZGQ-2BodgnEHT8k5DyHF5uhkmwojRG1JY3WyjHLDf4qFAUiL-= 2B1l3d8PyvjrWPKtu2jqusV6bE3IEYsntoGici404jtXlyqp1U2-2Fj5io0IaXJ2AUjrmVcZuwD= pn58NfLFxOJeaQs4Vy8z-2B4xpniW47bddBlPSgkvy4L4S0esj3cgr6fP-2Be0NxsTcMkGXHaQH= D3V8wRXf4ArOGcUqx7BGwcedONuh8B45W1x1g0ablUoZer0SCiTFRS-2Bnh1VT4Cw5obi47OOfg= LXeCZfm3e1U6sgsmFa9CsQ5S6dJaVJyAfpRYAQnW6s-2FbQ-2FP7aLvVpmFCepzJPX1ZdyRp-2B= CqTb-2FcWQ2hCRO-2BPkycXTX8Uba4ujRcaoZA6kczFSN9Xz2ODPXLOBveCPrgMAJMVWbbRNINf= AAXcm7pRk-2FPs6VpZKu-2FbAtWRyfxf5k02AFhoE03DCOmsbYgXPm0UIBTbSpThv9hsLI-2B7m= puIzg7rMzpJWAefcBfrcbwVzb-2FuOKJlNlp1SAsqHskjz87K8-2B0Z4BdhJLJAct4rBcq70Xt-= 2FGyjLfJZ-2BrrX7NvzhCf2puJ7kPfXBnykVohHDiDYWyUxXnaQ1mPwqC73YRIxjrnjODzJCti8= 6Mjq8QSIpBy5vbBpoh43QVgap19Oh-2BmnMCzwSKnREuM2x7OkqNLuv0T0MqBw1jRkEwjtNLMl2= QSg-3D-3D rel=3D"noopener" style=3D"color:#5869FF;font-weight:bold;text-dec= oration:underline;text-decoration-thickness:2px;text-underline-offset:1px" = target=3D"_blank" class=3D"css-0">prediction markets. In May, Polymarket announced a $45M VC investment and last month the platform = saw record trading volumes as folks bet on election outcomes.

THE TAKEAWAY
=

Bad apples don=E2=80=99t always spoil the bu= nch=E2=80=A6 Crypto has a history of rug pulls, exit scams, and exagger= ated tech claims. But the industry keeps investing despite shocks from foun= ders like FTX=E2=80=99s Sam Bankman-Fried (convicted of stealing $8B= in customer funds). After an FTX cleanup and a regulatory crackdown, the i= ndustry has seemingly proved its resilience with the launch of regulated se= curities like last month=E2=80=99s spot ethereum ETFs.

Read this online

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History = is being made in the $2TB* global entertainment & media industry=E2=80= =94 and you can get a piece of it for a limited time** by investing in Elf Labs.***

After 100+ histori= c trademark victories and 200+ strategic copyright acquisitions, Elf Labs owns rights to some of the highest-gro= ssing characters of all time: Snow White, Cinderella, Little Mermaid= , Sleeping Beauty, Rapunzel, and more. The company is now bringing thes= e characters to life with their patented technologies, including AI and com= pression algorithms, for a never-before-seen level of immersion.This may be= the biggest disruption to IP since Disney.

=C2=A0Elf Labs=E2=80=99 c= haracter IP and technology have the potential to define storytelling and me= rchandising for a new generation of consumers.

=C2=A0Become an Elf Labs shareholder now and disr= upt the entertainment and licensing landscape.***

<= /table>

Event= s
<= /table>

Coming up this wee= k

Doom swiping=E2=80=A6 Bumble and Grindr are set to report this week on the heels of dating-app leader <= b>Match Group. Last week, the Tinder and Hinge owner posted anot= her decline in payi= ng users (Tinder=E2=80=99s seriously struggling, but Hinge payers surged). = Match=E2=80=99s revenue grew as its payers splurged for perks like unlimite= d likes and Hinge roses. Investors have been swiping left on Bumble = stock (down ~40% this year), but in May the buzzy app reported that its pay= ing users grew. In June, LGBTQ dating app Grindr boosted its annual sales g= rowth target on optimism for new features. The stock=E2=80=99s up nearly 30= % this year.

Like a magic carpet ride=E2=80=A6 Analysts think<= b> Disney could fly past estimates when it reports Wednesday. The Mouse= House beat earnings expectations in May, even as its TV and box office rev= enues sank. Disney=E2=80=99s profit-puppy parks and experiences revenue gre= w 10% to $8.4B, driven by Mickey-branded cruises. But Disney said it=E2=80= =99s seeing a =E2=80=9Cglobal moderation=E2=80=9D in theme parks after 2023= records, and last month rival Comcast reported that Q2 sales at its= Universal parks dropped 11%. Streaming could be a bright spot for Disney, = whose streaming unit turned its first profit when it last reported.

Zoom = out
<= /table>

Stories we=E2=80= =99re watching

J. Pow considers the sciss= ors=E2=80=A6 Investors=E2=80=99 dream may finally come true. After the = Fed held interest rates steady last week, Chair J. Powell said a September = rate cut =E2=80=9Ccould be on the table=E2=80=9D if inflation keeps slowing= . Traders (who, btw, were already betting on a cut) grew even more bullish = after the Fed=E2=80=99s statements, which suggested that the US central bank isn=E2=80=99t as h= awkish on crushing inflation as it used to be. The Fed also indicated that = it might be starting to worry about the labor market, which has cooled after years of= high rates. Hiring majorly slowed last month and unemployment rose to 4.3%= .

We=E2=80=99ve been trying to reach you=E2=80=A6 The multibil= lion-dollar industry behind spam calls and texts could soon implode. For years, =E2=80=9Clead ge= nerators=E2=80=9D have sold customer data to marketers, who then, often uns= olicited, call and text consumers. Americans received 4.1B robocalls in Jun= e alone. New FCC rules that go into effect next year will change what marke= ters can do with that data, requiring that customers consent to being conta= cted by every company that wants to call them. Analysts foresee a major spa= m industry contraction, and a lot fewer calls about extended warranties.

<= /table>
What else we're Snackin'

    BlueShell: Nintendo reported a 5= 5% plunge in quarterly profit as it sold just 2.1M of its seven-year-old Sw= itch consoles. That=E2=80=99s a 46% drop, as consumers hold out for a Switc= h successor.

  • <= u>Jackpot: DraftKings plans to start taxing winning bets= in states like New York and Illinois where sports betting taxes are above = 20%. The mobile wagering app wants to juice profits as it loses market shar= e to rival FanDuel.

  • Chipped= : Intel shares sank 26% on Friday after the chipmaker posted = a huge Q2 earnings miss and said it would cut 15K jobs. Intel=E2=80=99s lag= ged rivals like Nvidia and AMD, who=E2=80=99ve made billions = off the AI chip boom.

=
<= /table>
Snack = Fact Of the Day

The average = US electric bill is expected to hit $720 this summer

<= /table>
=
This Week

Authors of this Snacks own bitcoin and ethereum and share= s of: Beyond Meat, Comcast, CVS, Disney, Eli Lilly, Match, Nvidia, Robinhoo= d, Shopify, Uber, Warner Music, and Yum Brands

Advertiser's d= isclosures:

* =E2=80=9CIn 2023, the entertainment and media (E&am= p;M) industry recovered its balance=E2=80=A6total global revenue rose 5% to= US$2.8 trillion in 2023=E2=80=A6=E2=80=9D-- PWC Perspectives from the Global Entertainment & M= edia Outlook 2024=E2=80=932028: Seizing growth opportunities in a dynamic e= cosystem, July 2024.

** The end date of this offering is April 1,= 2025.

*** This is a paid advertisement for Elf Labs=E2=80=99 Regulat= ion CF Offering. Please read the offering circular and related risks at elflabs.com.

Start-up investments are speculative and involve a high degree of risk. Th= ose investors who cannot afford to lose their entire investment should not = invest in start-ups. Companies seeking startup investment tend to be in ear= lier stages of development and their business model, products and services = may not yet be fully developed, operational or tested in the public marketp= lace. There is no guarantee that the stated valuation and other terms are a= ccurate or in agreement with the market or industry valuations. Further, in= vestors may receive illiquid and/or restricted stock that may be subject to= holding period requirements and/or liquidity concerns.

<= /tbody>
<= /table>
=
<= tbody>
Sherwood Media, LLC produces fresh and unique pers= pectives on topical financial news and is a fully owned subsidiary of Robin= hood Markets, Inc., and any views expressed here do not necessarily reflect= the views of any other Robinhood affiliate... See mo= re
Sherwood Terms and Conditions =E2=80=A2 Our Editorial Standards =E2= =80=A2 Contact Us =E2=80=A2 Privacy Policy =E2=80=A2 Advertise with us
--3f75c5807fbd30947e7a219f739eed8fcf914ef66b3ea5c3ae0809a1d7b9 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0
=E2=80=A6and Bumble=E2=80=99s and G= rindr=E2=80=99s post-Tinder earnings
= 202;
=
=
The Winklevoss twins have been big= investors in crypto projects (Joe Raedle/Getty Images)
 
Sponsored by
<= /td>
<= !--[if mso | IE]>
=
Last Week=E2=80=99s M= arket Moves
 
Dow Jones
39,737 (-2.10%)		S&P 500
5,347 (-2.06%)		Nasdaq
16,776 (-3.35%)		Bitcoin
= $61,846 (-6.69%)
Dow Jones
39,737 (-2.10%)		S&P 500
5,347 (-2.06%)
Nasdaq
16,776 (-3.35%)		Bitcoin
$61,846 (-6.69%)
=
<= /div>
<= /table>

Hey Snackers,

Not on our 2024 bin= go card: Big Tobacco asking for more enforcement. Tobacco and vape companie= s are facing a knockoff nightmare as unauthorized Chinese vapes flood US= shelves. Now, companies like Juul and Marlboro maker Altria are urg= ing regulators to crack down.

The Nasdaq plunged 2.4% on Friday, sending the tech-heavy in= dex into correction territory (down 10% from recent highs). An extreme bumm= er of a jobs report fueled recession fears. US employers added 114K jobs la= st month (way less than expected), and the unemployment rate hit the highes= t level since 2021.

=F0=9F=97=92=EF=B8=8F Quiz on my list: Sta= rt your week off strong with our Snacks Seven quiz to test you= r memory of the past week=E2=80=99s newsletters. Here=E2=80=99s a sample q:=

  • For= mer President Trump proposed a national =E2=80=9Cstockpile=E2=80=9D of what= ? (Check your answer.)

3D""
No-Clout
<= /table>
<= tr>

BitClout=E2=80=99s founder get= s charged with fraud as VCs pour billions into crypto startups

Chasing clout=E2=80=A6 A high-profile crypto foun= der who reportedly raised $257M from retail investors and prominent VCs inc= luding Andreessen Horowitz and Winklevoss Capital was arrested on suspicion of fraud. The SEC said BitClout= founder Nader Al-Naji spent investors=E2=80=99 $$ on himself and falsely c= laimed his project was decentralized. Launched in 2021, BitClout was a buzz= y entrant to the emerging world of =E2=80=9CSocialFi=E2=80=9D =E2=80=94 sho= rt for social finance =E2=80=94 which sought to upend social media. In its = first month in business, BitClout reportedly scored a $1B valuation and saw= $225M in trades.

  • Anti-socials: SocialFi mixes decentralized finance and social media. Think: X, but b= uilt on the blockchain and not controlled by one company. The goal is to le= t users monetize accounts that they control.

  • BuyClout: BitClout pitched itself as part financial ap= p and part social app. It let traders place crypto-based bets on the popula= rity of public figures (sorta like a celeb coin). One BitClout token was on= ce valued at $175. It=E2=80=99s now worth essentially nothing.

    • A speed bump=E2=80=A6 Al-Naji=E2=80=99s arrest and BitClout=E2= =80=99s failure (it shut down months after launch) haven=E2=80=99t dried up= the flood of VC cash. DL News reported that this year investors are expected to pump= $12B into crypto projects. That=E2=80=99s more than the $8.2B raised last = year, though still far from 2022=E2=80=99s boom-era haul of $30B. Analysts = say there are a few factors contributing to the projected funding upswing: = former President Trump=E2=80=99s embrace= of crypto, spot bitcoin and ethereum ET= Fs, and expected Fed rate cuts. One example of crypto projects = benefiting from a VC boost: pred= iction markets. In May, Polymarket announced a $45M VC inves= tment and last month the platform saw record trading volumes as folks bet o= n election outcomes.

THE TAKEAWAY

Bad apples don=E2=80=99t always spoil the bunch=E2=80=A6 = Crypto has a history of rug pulls, exit scams, and exaggerated tech claims.= But the industry keeps investing despite shocks from founders like FTX<= /b>=E2=80=99s Sam Bankman-Fried (convicted of stealing $8B in customer fund= s). After an FTX cleanup and a regulatory crackdown, the industry has seemi= ngly proved its resilience with the launch of regulated securities like las= t month=E2=80=99s spot ethereum ETFs.

Read this online

Sponsored by Elf Labs

A Magical Investment Oppo= rtunity for Snacks Readers

History is being= made in the $2TB* global entertainment & media industry=E2=80=94 and y= ou can get a piece of it for a limited time** by investing in = Elf Labs.***

After 100+ historic trademark victories and 200+ str= ategic copyright acquisitions, Elf Labs owns rights to some of t= he highest-grossing characters of all time: Snow White, Cinderella, = Little Mermaid, Sleeping Beauty, Rapunzel, and more. The company is now= bringing these characters to life with their patented technologies, includ= ing AI and compression algorithms, for a never-before-seen level of immersi= on.This may be the biggest disruption to IP since Disney.

=C2=A0Elf L= abs=E2=80=99 character IP and technology have the potential to define story= telling and merchandising for a new generation of consumers.

=C2=A0Become an Elf Labs shareholder now and disrupt the e= ntertainment and licensing landscape.***

<= /table>

Event= s
<= /table>
<= td align=3D"center" class=3D"light" style=3D"font-size:0px;padding:10px 25p= x;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-= break:break-word;">

Coming up this wee= k

Doom swiping=E2=80=A6 Bumble and Grindr are set to report this week on the heels of dating-app leader <= b>Match Group. Last week, the Tinder and Hinge owner posted anot= her decline in paying users (Tinder=E2= =80=99s seriously struggling, but Hinge payers surged). Match=E2=80=99s rev= enue grew as its payers splurged for perks like unlimited likes and Hinge r= oses. Investors have been swiping left on Bumble stock (down ~40% th= is year), but in May the buzzy app reported that its paying users grew. In = June, LGBTQ dating app Grindr boosted its annual sales growth target on opt= imism for new features. The stock=E2=80=99s up nearly 30% this year.

= Like a magic carpet ride=E2=80=A6 Analysts think Disney could= fly past estimates when it reports Wednesday. The Mouse House beat earning= s expectations in May, even as its TV and box office revenues sank. Disney= =E2=80=99s profit-puppy parks and experiences revenue grew 10% to $8.4B, dr= iven by Mickey-branded cruises. But Disney said it=E2=80=99s seeing a =E2= =80=9Cglobal moderation=E2=80=9D in theme parks after 2023 records, and las= t month rival Comcast reported that Q2 sales at its Universal parks = dropped 11%. Streaming could be a bright spot for Disney, whose streaming u= nit turned its first profit when it last reported.

Zoom = out
<= /table>

Stories we=E2=80= =99re watching

J. Pow considers the sciss= ors=E2=80=A6 Investors=E2=80=99 dream may finally come true. After the = Fed held interest rates steady last week, Chair J. Powell said a September = rate cut =E2=80=9Ccould be on the table=E2=80=9D if inflation keeps slowing= . Traders (who, btw, were already betting on a cut) grew even more bullish = after the Fed=E2=80=99s statements, which suggested that the US central bank isn=E2=80=99t as hawkis= h on crushing inflation as it used to be. The Fed also indicated that it mi= ght be starting to worry about the labor market, which has cooled = after years of high rates. Hiring majorly slowed last month and unemploymen= t rose to 4.3%.

We=E2=80=99ve been trying to reach you=E2=80=A6 The multibillion-dollar industry behind spam calls and texts could soon <= a href=3D"https://sg.robinhood.com/ls/click?upn=3Du001.XlCJqwwOL58T-2B5u1T1= OmQJ9Vfv3J0m-2F8-2BqsP-2FX-2B8ru2-2BDPNuqJBdrYjgZGPwTmgubl7wjeEkz193dW5aadC= WFSOqBesPTaeGrG0zEA6p5jjYxdSly8WATVRXawSBKX1CKDPJWZ-2F3lZ6RURr1vLngbjd4Cjsn= LMuiSnwR61mNpCApR-2B2qkRQ7EIYVw6ps-2B-2BxtyI3gNNZHJmtO7Fd0DG7wmOvTpmV7kt-2B= wMcH1M0YQ6TVRtJJYmoabrshsnC12q-2BTAaD1a_IHWeHh5OxE-2FFI4JuNZQ4XTt6Ks7Su2x6u= 3F6QZGQ-2BodgnEHT8k5DyHF5uhkmwojRG1JY3WyjHLDf4qFAUiL-2B1l3d8PyvjrWPKtu2jqus= V6bE3IEYsntoGici404jtXlyqp1U2-2Fj5io0IaXJ2AUjrmVcZuwDpn58NfLFxOJeaQs4Vy8z-2= B4xpniW47bddBlPSgkvy4L4S0esj3cgr6fP-2Be0NxsTcMkGXHaQHD3V8wRXf4ArOGcUqx7BGwc= edONuh8B45W1x1g0ablUoZer0SCiTFRS-2Bnh1VT4Cw5obi47OOfgLXeCZfm3e1U6sgsmFa9CsQ= 5S6dJaVJyAfpRYAQnW6s-2FbQ-2FP7aLvVpmFCepzJPX1ZdyRp-2BCqTb-2FcWQ2hCRO-2BPkyc= XTX8Uba4ujRcaoZA6kczFSN9Xz2ODPXLOBveCPrgPtfbxO-2B2ov9eEKGB9uO-2B2cWGpg2iLoP= r04ifPO7LAbeQGPist-2BAFak1vw9kN-2F7pZNSVswGMWk2-2B83CCuNVPURnBxQ0G5D6ceH0Lt= 84PdFCI6PzQ-2By7jquYf0J5p-2F3c3KjxAQCi0nLBHabcVAmSkQhk6X2xgZggr2NlgB69DswTM= b-2Bck4VO4ZooTU4MjAEUUwjCTIKq3gEttuEPEiMxHlcv9BDADc47RoxDnGzmC8uk-2Bt1ur5a1= ogsG-2FLYPzbUI7UaMjdpqP4VVAiVR6mo5IHe1hEi7s2ERfoSLBIol2jnteg-3D-3D" rel=3D"= noopener" style=3D"color:#5869FF;font-weight:bold;text-decoration:underline= ;text-decoration-thickness:2px;text-underline-offset:1px" target=3D"_blank"= class=3D"css-0">implode. For years, =E2=80=9Clead generators=E2= =80=9D have sold customer data to marketers, who then, often unsolicited, c= all and text consumers. Americans received 4.1B robocalls in June alone. Ne= w FCC rules that go into effect next year will change what marketers can do= with that data, requiring that customers consent to being contacted by eve= ry company that wants to call them. Analysts foresee a major spam industry = contraction, and a lot fewer calls about extended warranties.

<= /table>
What else we're Snackin'

    BlueShell: Nintendo reported a 55% pl= unge in quarterly profit as it sold just 2.1M of its seven-year-old Switch = consoles. That=E2=80=99s a 46% drop, as consumers hold out for a Switch suc= cessor.

  • Jackpot: = DraftKings plans to start taxing winning bets in states like New York a= nd Illinois where sports betting taxes are above 20%. The mobile wagering a= pp wants to juice profits as it loses market share to rival FanDuel.=

  • Chipped: Intel shares sank 26%= on Friday after the chipmaker posted a huge Q2 earnings miss and said it w= ould cut 15K jobs. Intel=E2=80=99s lagged rivals like Nvidia and = AMD, who=E2=80=99ve made billions off the AI chip boom.

=
<= /table>
Snack = Fact Of the Day

The average = US electric bill is expected to hit $720 this summer

<= /table>
This Week

Authors of this Snacks own bitcoin and ethereum and share= s of: Beyond Meat, Comcast, CVS, Disney, Eli Lilly, Match, Nvidia, Robinhoo= d, Shopify, Uber, Warner Music, and Yum Brands

Advertiser's d= isclosures:

* =E2=80=9CIn 2023, the entertainment and media (E&am= p;M) industry recovered its balance=E2=80=A6total global revenue rose 5% to= US$2.8 trillion in 2023=E2=80=A6=E2=80=9D-- PWC Perspectives from the Global Entertainment & Media Outlook = 2024=E2=80=932028: Seizing growth opportunities in a dynamic ecosystem,= July 2024.

** The end date of this offering is April 1, 2025.

= *** This is a paid advertisement for Elf Labs=E2=80=99 Regulation CF Offeri= ng. Please read the offering circular and related risks at elf= labs.com.

Start-up investments are speculative and involve a high= degree of risk. Those investors who cannot afford to lose their entire inv= estment should not invest in start-ups. Companies seeking startup investmen= t tend to be in earlier stages of development and their business model, pro= ducts and services may not yet be fully developed, operational or tested in= the public marketplace. There is no guarantee that the stated valuation an= d other terms are accurate or in agreement with the market or industry valu= ations. Further, investors may receive illiquid and/or restricted stock tha= t may be subject to holding period requirements and/or liquidity concerns.<= /p>

<= /tr>
<= /tr>
Sherwood = Media, LLC produces fresh and unique perspectives on topical financial news= and is a fully owned subsidiary of Robinhood Markets, Inc., and any views = expressed here do not necessarily reflect the views of any other Robinhood = affiliate... See more
--3f75c5807fbd30947e7a219f739eed8fcf914ef66b3ea5c3ae0809a1d7b9--