Loup TV Weekly: Apple's App Store Now Steers; Tesla's Cyber Rodeo Is About Religion

TAKEAWAYS:

• Apple made good on its Fall 2021 promise to allow reader apps to steer. Eventually, most apps, including gaming, will likely allow steering which begs the question: How will steering impact app developers' conversion and profitability?

• Both Tesla and GameStop announced stock splits for this week resulting in outsized spikes in their respective share prices. The reason for the notable stock moves is that both companies have a passionate investor base.

• Tesla's Giga Texas ribbon cutting is scheduled for April 7. The "Cyber Rodeo" event will be more fanfare than deliveries but the intense interest around joining the event speaks to a powerful advantage that Tesla has over its competitors — it's become a religion.