- Exec Sum
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- Page 49
Archive
Schrödinger's Invasion
Stocks were up because Russia isn't actually invading Ukraine (unless they are, who knows), Airbnb crushed earnings thanks to digital nomads, scientists may have cured HIV for the first time, the SEC is probing Binance's trading affiliates, and Democrats vow to curb inflation (lol).
Bouncing QR Codes
Texas sued Meta over facial recognition practices, US closed its Kyiv embassy, US-Canada traffic is picking back up, Microsoft plans to reopen some offices, Avocados are getting more expensive, US inflation outlook finally falls, DoorDash is bumping up fees on slow McDonalds (so all of them?), the Coinbase QR code had 20M hits, and oil keeps climbing higher.
RIP Football Season, You Will Be Missed
A football game (and 20 crypto commercials) were played yesterday, the Pentagon told US troops to leave Ukraine, Oil keeps on climbing, BlockFi paid $100M to the SEC, the Canadian border protest continues, Cisco wants to buy Splunk, the US is paying Eli Lilly $720M for covid treatments, and a CryptoPunk sold for $24M.
Treasury Yield 2.0
Inflation is so hot right now, the 10 year yield crossed 2%, Affirm's social media intern leaked earnings too early, Twitter missed on every metric possible, truckers are still honking in Canada, American truckers might join in soon, Tesla was accused of racism, Hertz said some renters stole cars, Apple boosts AirTags privacy, and Binance is in Forbes' PIPE.
Mask Off, New York
Snoop Dogg acquired his old record label, everyone and their mom is betting on the Super Bowl, Pelosi Capital may no longer be a thing, New York is dropping its mask mandate, SEC proposes new rules for private investment funds, CVS crushed earnings, Uber (surprisingly) crushed earnings too, and a judge granted the Bitcoin hackers bail.
Severance or Subscription Package?
Peloton has a new head man (and 2,800 ex-employees have free one-year subscriptions), BP crushed earnings, Biden finally mentioned Tesla, Apple continues its journey to conquer all things tech, Rumble offered Joe Rogan $100M, Canadian truckers keep honking, Microsoft wants to acquire someone else, SoftBank is planning an ARM IPO, and the feds recovered $3.6B in stolen Bitcoin from two unlikely thieves. This week just keeps getting weirder and weirder.
Mega Cheap Airlines
Spirit and Frontier are merging to form the most budget airline of all time, Meta might pull out of Europe, Peter Thiel is stepping down from Facebook's board, Amazon is raising its salary caps, IRS ends facial recognition (that was a thing?!?), Flexport raised a massive Series E, Trump's SPAC is showing some cracks, and Sequoia made a $450M bet on Polygon.
Peloton Prime
Amazon might try to buy Peloton, tensions are still rising in Ukraine, the @NFT Instagram account got banned, Ottawa declares emergency in response to vaccine mandate protests, BuzzFeed doxxed the Bored Ape Yacht Club founders, Spotify removed some Joe Rogan episodes, and Yellen said "I'M NOT ******* LEAVING".
Mega Cap Meme Stocks
Ridiculous day for tech stocks (FB down 26%, SNAP down 24% before rallying 52% after-hours, AMZN down 8% before rallying 12%), NYC wants to close gender pay gap with salary disclosure, Dolphins owner denies tanking allegations, Carlyle dealmakers made bank, the WNBA raised outside funding, Wormhole fixed its blockchain bridge, and Bengals DE Sam Hubbard said they want to win the Super Bowl for Harambe. Oh and Tiger Global raised $11B for a new VC fund (thiccc term sheets inbound!)
Zucks Down Bad
Meta down bad as rebranding to the metaverse isn't good for earnings, Spotify also crashes after failing to impress investors, CNN president Zucker resigns after failing to disclose office relationship (bad day to be a ZUCK), Washington Football Team is now the Washington Commanders, and SpaceX rolls out a premium Starlink satellite.