1.) Bitcoin (is the) Futures
2.) A-Z Workforce Constraints
3.) Google Commission Cut
4.) PayPal/Pinterest Courtship

1.) Bitcoin (is the) Futures: it’s finally here! ProShare debuted a Bitcoin ETF for the public markets. Sort of. It doesn’t own the underlying asset but tracks its price through the purchase of futures contracts. Watch out for that contango!

2.) A-Z Workforce Constraints: Zillow had no issues buying homes..but they did struggle to find contractors to fix those homes and have paused iBuying through EOY. Amazon is struggling to land 150k seasonal workers with higher wages and sign on bonuses. There are shortages everywhere, from A-Z!

3.) Google Commission Cut: Google has cut their app store commissions from 30% to 15% for subscription apps. Regulatory pressure mounts all over the Big Tech landscape so this is an anticipatory move to slow the roll. But hey, developers win!

4.) PayPal/Pinterest Courtship: Two great American companies of the commerce & content variety courting! Rumors leaked of their synergistic dance and…Wall Street didn’t love it. So for now, content and commerce may be on ice.