Week 2, Apr 21 – Weekly Wrap Up
1.) Clubhouse Tips Out
2.) All Eyez on Coinbase
3.) LG Exits Stage Left
4.) Corporations Protest Too
1.) Clubhouse Tips Out: Clubhouse announced a fresh round of funding bringing its valuation to $4B. Twitter may have tried to buy them spurring the new # and cash in. They’re facilitating direct tips to creators without taking a dime. Competitors lurk. This new social audio war is heating up!
2.) All Eyez on Coinbase: Coinbase dropped their Q1 numbers ahead of an April 14th direct listing. In summary, they ruled. Their $1.8B Q1 revenue surpassed all of 2020’s gross numbers. EBITDA >$1B. Crypto is up massively and the Coinbase storefront is on Main St in Satoshiville.
3.) LG Exits Stage Left: never forget that the creative destruction of capitalism comes for us all…eventually. This week LG announced they would be exiting the smartphone biz. Such fond memories of teenage years past with a flippy phone. It even had a camera! Good thing it wasn’t connected to the internet..
4.) Corporations Protest Too: Georgia passed a new restrictive voting law. THEN corporate America got involved. MLB pulled the All Star Game from ATL. Delta & Coke pushed back too. Does it matter? Their customers care, so they’ve decided they better too. A little late though?