Week 2 & 3, July 21 – Weekly Wrap Up

W2:
1.) Doge Founder Barks

2.) TikTok Shelves IPO
3.) A Fleeting Feature
4.) Delta Variant 📈

W3:
1.) Activision Toxic?
2.) Zoom Radios Five9
3.) Streaming to Gold
4.) Tech Things

W2:

1.) Doge Founder Barks: Doge co-founder Jackson Palmer criticized the currency he built for being “right wing” and “hyper-capitalistic” among other things. Remember, doge was just a joke coin! But Palmer is serious about pointing out the hypocrisies of its industry. Invest wisely and at your own risk

2.) TikTok Shelves IPO: another domino falls in China tech as TikTok announced they would be delaying their IPO cuz of the whole…data security risks. Right.. The gates seem to be closing on Western capital market access from the East.

3.) A Fleeting Feature: Twitter is shutting down their new product Fleets, the Snap & Insta like disappearing photo feature, due to low usage. Hey, when you know you know. Props to them for calling it!

4.) Delta Variant 📈: things are getting scarier for the unvaccinated. A new (delta) COVID variant is ripping across the world and much more contagious than the original outbreak. Cases are on the rise. Be safe out there!

W3:

1.) Activision Toxic?: the gloves are off after a 2 year CA state investigation into, discrimination, and more at video game publisher Activision. At the very least there seems to be some cultural challenges. A toxic work culture? With more time and evidence it will all come to light

2.) Zoom Radios Five9: Zoom has made their first major acquisition since taking over the world acquiring call center software maker Five9 for $14.7B. Five9, founded in 2001, aged like a fine wine. Never forget..these things take time!

3.) Streaming to Gold:
so Japan is going to lose a TON of money these Olympics. No spectators. No tourists. But you know who’s not? NBC. They surpassed their Rio ad sales record hauling in >$1.2B. Seriously why even compete in the real world? We’re going digital anyway!

4.) Tech Things:
OpenSea, an NFT marketplace, raised $100M @ $1.5B led by a16z & Hong Kong based crypto exchange FTX raised $900M @ $18B with Softbank, Sequoia, and Third Point participating. Streaming behemoth Netflix lost subscribers in the U.S. amid slowing growth. They’d already flown over the moon, ok? Give ’em a break

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