The Good: AT&T With the recent sale of DirecTV and the now-pending spinoff of WarnerMedia, AT&T is enacting an age-old adage: less is more. The former tech and cable company became a megalith of assets over the last couple of decades, bandying together formerly massive companies to create a top to bottom corporate synergy. But, as happened with the sale of DirecTV, Wall Street is recognizing that there’s potentially more money to be made for focused companies. Shares were up by as much as 5% today, hitting a 52 week high. Shares of Discovery, the WarnerMedia buying partner, were also up 3.6%. AT&T shareholders will own 72% of the new company, which, by the end of 2023, is slated to become the 2nd biggest entertainment company, trailing only Disney. The new library is massive, containing dozens of valuable properties and outlets. The Bad: Tesla As Tesla’s bizarre tango continues with Bitcoin, both companies are feeling the damage of bad press. Tesla continued its slump today, which followed a pattern which has been developing over the last few months: Tesla starts the week off by drifting further into the red until it reverses somewhat on Friday. Tesla’s recent decision to first invest heavily in Bitcoin and then speak out against the cryptocurrency’s environmental impact has created a see saw for both. Tesla is down 30% since it announced it was buying $1.5 billion in Bitcoin last February. The NASDAQ is down 4%. Conversely, Cathie Wood, head of ARK ETF, called out Tesla and Elon Musk for his Bitcoin comments, saying the energy drain from the data farming could lead to a world of renewables more quickly. The Ugly: Ryanair Low-cost European flight magnate just announced its dire 4th quarter numbers, affirming what many analysts expected: this was a consistently bad year for discount flights and a worse one for European airlines. The company announced a full year net loss of almost $900 million and a decrease of ridership by 81%. A recent surge of bookings has provided hope and value for the company, but the timeline is still daunting: a rebound may not happen for a full year, until March 2023. Though many British families will be able to take advantage of Ryanair’s cheap flights, the CEO warned that price pressure may not return properly until the end of the year, when the vaccine program across all of Europe picks up.