Pink's Bottom Line on Media, Money and Sports
App usage, investing decisions and college sports conferences
In today’s newsletter, I discuss app usage in America, investing decisions and college sports conferences.
MEDIA: App Usage
That compares to a monthly average of 46 in the first quarter of 2021, and 48 during the second quarter of 2020, according to that analysis.
Pink's Bottom LineNotably, consumers in the second quarter of this year used more apps in the business and finance categories compared to the second quarter of 2020 — however, they used fewer mobile game apps last quarter than they did in the second quarter of 2020.
That suggests that as more Americans work from home, they appear to be using more finance and business apps — that is a trend worth watching as more people begin returning to the office in the coming months.
MONEY: Investing Decisions
Nearly six in ten Gen Z investors — age 18 to 24 — say they have made a trade while they were drunk, according to a survey by Magnify Money, a financial information website owned by LendingTree, an online loan marketplace.
Among all investors, 32% said they have made a trade while they were intoxicated, according to that survey. (A h/t to MarketWatch where I first read about this survey.)
Pink's Bottom LineAdditionally, almost half of those investors surveyed said that it is difficult to keep emotions at bay when it comes to making investing decisions.
In fact, 85% of Gen Z survey respondents said they regretted an investing decision based on emotion that they made based compared to only 54% of Baby Boomer respondents.
The survey’s findings show that while emotion plays a role across all age groups when it comes to investing decisions, it appears that the older the investor, the less that emotion plays a role.
SPORTS: College Sports Conferences
Three major college sports conferences — the ACC, the Big Ten, the Pac 12 — said Tuesday that they are forming an alliance.
While there were few specifics about that alliance, it undoubtedly was made in response to the SEC announcing recently that it was expanding to include football powerhouses Oklahoma and Texas.
Pink's Bottom LineThese conference moves reflect the seismic shift that is happening in college athletics today.
For example, beginning this season, college athletes can now earn money from their name, image or likeness — that perhaps could lead to college players ultimately getting paid directly by their institutions.
Look for even more changes to college athletics to happen quickly including even the dismantling of the NCAA, the governing body of college sports.
Jeremy Pink is currently COO of Geniecast, a leading virtual content and experience company. He is the former CEO of private-equity backed Broadcast Sports International where he helped lead the company to a successful sale and exit during his tenure there. He is also a former CNBC television executive in New York, London and Singapore.
The information contained in this communication is strictly for general informational and entertainment purposes and is not meant to be construed as financial, investment, tax, or legal advice. This communication is not a solicitation to buy or sell any securities. I am not a financial advisor or offering professional advice of any kind. Users should not act upon the content or information found within this communication without first seeking professional advice appropriate for their individual situation. Decisions based on information contained in this communication are the sole responsibility of the user, and use of this communication and its contents constitutes an explicit understanding and acceptance of the foregoing disclaimers.
(Newsletter Editor: Karina Pink)