Week 2, October 21 – Weekly Wrap Up
1.) Coinbase Enters NFT Ring
2.) GitLab’s Strong Debut
3.) LinkedIn Returns West
4.) Supply Chains Are Stuck
1.) Coinbase Enters NFT Ring: after the explosive revenue OpenSea, Dapper Labs, & others have captured was there any doubt Coinbase wouldn’t eventually enter the ring? Their waitlist is already 1M+ strong, their job board is buzzin, and they’re planning to launch before EOY
2.) GitLab’s Strong Debut: GitLab, a GitHub competitor, debuted publicly Thurs with a 35% pop and an $11B market cap causing many GitHub alumni to wonder “what if”? They’re a fully distributed company if you’re into that kinda thing. Net net: the internet and its code is big biz
3.) LinkedIn Returns West: After 8 years in China following a 2014 launch, Microsoft is pulling the plug on LinkedIn’s presence in China. They’ve shuttered their ops following pretty much every other Western Internet co’s lead. The Far East gates are formidable and…closed
4.) Supply Chains Are Stuck: supply chains all over the world are jammed. If you’re trading digital goods you should be OK. But if you’re looking for real life goods, Christmas gifts, semi chips, or used cars you might be screwed. Maybe just in time efficiency went too far?