**__ Diplomatt’s Daily Digest – January 21, 2022__**
Good morning and happy Friday, everyone! U.S. stock index futures were mixed during early morning trading on Friday, following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading. The Dow and S&P 500 are on track for a third straight week of losses. The Nasdaq Composite is down nearly 5% on the week, putting it on track for its fourth-straight losing week and largest weekly loss since Oct. 2020. Small caps have also been hit hard, and the Russell 2000 is on track for its worst week since June 2020.
**StockTwits Top 10 Trending Tickers of the Day:**
Quote of the week: “The happiness of your life depends upon the quality of your thoughts.” – Marcus Aurelius.
• Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs. This move by Peloton led to the stock to tank near 24%.
• Intel will invest $20 billion in two new plants in Ohio to make advanced chips. The first step to a “mega-site” can accommodate eight chip factories costing $100 billion.
• Shares of Netflix tumbled 19% in premarket trading Friday after the company’s fourth-quarter earnings report showed a slowdown in subscriber growth.
• US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov met for talks in Geneva amid mounting fears that Russia could invade Ukraine.
• TikTok confirmed Thursday that it is testing support for paid subscriptions, paving the way for creators on the short-form video platform to charge for their content.
• In a new statement, the FAA says it has issued more approvals that allow 78% of the US commercial airliner fleet to perform low-visibility landings at airports near where wireless companies deployed 5G.
• Toncoin, the offspring of the blockchain project designed by Telegram, just brought in reinforcements from the mainstream tech world – specifically, Russian internet giant VK.
•The Graph, a startup that likens itself to Google, has raised $50 million in new funding led by Tiger Global for indexing information that lives on blockchains.
• India’s cryptocurrency ecosystem is eagerly hoping for a hint of regulation from the government.
• The government of El Salvador plans to offer small and medium-sized companies (SMEs) $10 million in crypto-based loans as of the first quarter of 2022.
• NFT profile pictures have begun to arrive on Twitter.
• Tesla CEO Elon Musk is not a fan of Twitter’s new NFT integration. In a tweet posted on Friday morning, Musk slammed Twitter for spending engineering resources on integrating NFTs while not doing enough to curb spam activity on the social media site.
• Bitcoin’s network mining difficulty has risen by more than 9%, marking the biggest difficulty adjustment since last summer.
• Thursday proved Fed chair Jerome Powell right in that the US central bank’s long-awaited central bank digital currency paper was right around the corner.
• Adidas Originals is working with Prada on an NFT collaboration to feature user-generated content and creator-owned art.
• The central bank of Laos has issued licenses to two cryptocurrency trading platforms.