Week 2, August 21 – Weekly Wrap Up
1.) Infra Bill Feat. Crypto
2.) Fanatics Digital Takeoff
3.) Salesforce+
4.) Reddit Valuation 📈
1.) Infra Bill Feat. Crypto: the crypto community came out in arms over a provision in the Infrastructure Bill introducing regulation to the crypto industry. The temperature cooled by end of week but this battle will be further wages as the massive bill moves over to the House. Watch it!
2.) Fanatics Digital Takeoff: Fantatics is bringing in the MLB, Silver Lake, Fidelity, Jay-Z and more to expand from sports apparel into online gambling, digital collectibles, and who knows what else. There goes that Michael Rubin again. Markets are just…bigger now?
3.) Salesforce+: What’s that sound?!? Salesforce has entered the ring in the streaming wars! Well, kind of. The content is free and appeals to its business minded audience. Content content content. Helps lower CAC, repackages brand advertising spend. All that fun stuff. Should be an interesting experiment to stream!
4.) Reddit Valuation 📈: $10B! Reddit still doing their thing, raising $700M in its Series E to round out that 11 figure valuation. What’s it mean? The digital advertising market is HUGE. The pie is growing so fast that even FB & Google can’t eat all that pizza!