1.) Square Pays After
2.) Instacart Votes Blue
3.) Robinhood Rebounds
4.) Hellooo Sunshine

1.) Square Pays After: Payments giant Square dropped a huge bomb on Sunday after agreeing to acquire Aussie BNPL (buy now pay later) startup Afterpay for $29B in stock. The market loved it and after $SQ’s rise…the cost was basically free. Markets like adjacent feature additions that strengthen the existing product portfolio, ya know!

2.) Instacart Leans Blue: after adding new CEO Fidji Simo from Facebook a couple weeks back Instacart added more talent from team blue with ad exec Carolyn Everson joining as their President. Wonder if they have plans to build an advertising business?

3.) Robinhood Rebounds: as the old saying goes, those who unleash the memes eventually benefit from them. Or something. Anyway after a disappointing market debut Robinhood rocketed to as high as $70 (2x their IPO price) before landing near $55 by EOW. Talk about a meme driven rebound!

4.) Hellooo Sunshine: Reese Witherspoon’s media biz Hello Sunshine is selling a majority to PE giant Blackstone. Content is king right now and the deal’s multiple reflects the premium that red hot content demands. You go Elle Woods!