Bloomberg Money Minute: Netflix Bidding, Meta Cuts, Amazon USPS, Divorce Spikes, GameStop

Media and Entertainment Deals

• 💡 Netflix is reportedly leading the bidding war for Warner Brothers Discovery, with an offer believed to be 85% cash.
• 🎯 Other bidders include Comcast and Paramount Skydance, with the bidding war expected to conclude early next week.

Tech Company Adjustments

• 📉 Meta CEO Mark Zuckerberg is planning spending cuts of up to 30% for Metaverse efforts.
• 📈 Despite these cuts, the overall job market shows signs of strength, with U.S. unemployment benefit applications falling to a three-year low.

E-commerce and Logistics

• 📦 Amazon is reportedly exploring the possibility of cutting ties with the USPS, which could lead to significant losses for the postal system.

Financial Advisory and Collectibles

• 💰 The rise in "gray divorce" among older Americans is fueling a boom in the wealth advice industry, with a 40% increase in certified divorce financial analysts over the past decade.
• 🃏 A GameStop customer reportedly traded in a Pokemon card for $30,000.