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- As an investor, its crucial to understand the meaning of the “pick and shovel play” and how you can use it to your advantage 💡👇 The term was originated in the 19th century when investors would buy shares of pick and shovel providers rather than going out and mining gold for themselves Because although gold is the hot commodity it made more sense to profit off the industries that support gold, rather than wasting your time trying to find it yourself And the same rule applies to modern society where investors choose to buy stock in a supplier to an industry rather than a company that produces the finished good5.7K14.28%7 months agoHappy holidaze everybody 🥳🔥 #stockmarket #fyp2.3K3.88%7 months agoInstagram is finally making up for the dumpster fire they call ✨Virtual Reality✨ #stocks #fyp 👇👇 Last month Meta launched a paid verification service, allowing micro-influencers and washed up DJs to pay $15 a month to feel important And as you might imagine, people were quick to pay for that coveted blue check as it comes with some “real benefits” But would you believe that Meta earned $660 million from 44 million subscribers in the first 24 hours?! And that’s just day one, this is a monhtly subscription, meaning if nothing changes, Meta will Earn nearly $8 billion a year from this service Which is only like 7% of their total revenue but still!! This shows a lot of potential for a company that has been desperately looking for new ways to earn money since Apple cracked down on targeted advertising. And it may explain why Meta’s stock has been so hot since the start of the year5.2K4.08%7 months ago