Some payment providers like Square have been in the news recently for the increases in withholdings during the crisis; Square...
This week, we look at:
Square acquiring Tidal and its 1-2 million of subscribers for $297 million, and the logic for what a payment processors has in common with the creative industry
How celebrities and creators like Mark Cuban, Gary Vaynerchuk, Grimes, 3LAU and others are generating millions in NFT sales
The impact on the economic model of the music industry, including a look at royalty structures, revenue pools, and financial vehicles when tokenized
The philosophical divide growing between a feudal platformed commons (e.g., YouTube) and a collectivist anarchist capitalism
Nomura analyst Dan Dolev says that Square resembles Amazon and Google in the early days of those tech giants; "In 10 years, Square is likely to be a very different company helped by accelerating share gains from payment peers and relentless disruption of services like payroll and HR," Dolev said in a note to clients that was reported by Business Insider; the combination of new business ventures and increasing the number of ways they process payments are twos of true main reasons for the optimism; shares were trading almost 5 percent higher on Friday after the note. Source.
In this week’s PeerIQ Industry Update they cover the growing risk of a recession due to the coronavirus, though estimates...
In this conversation, Will and I break down a few important pieces of recent news. MetaMask, the crypto wallet, hit 1 million month active users in yet another sign of the acceleration of retail adoption.
Square’s market cap is now equal to that of American Express, and the former also announced it has purchased $50 million of Bitcoin with its balance sheet. What do these pieces of news mean?
Greenwood Financial launched, a neobank led by Andrew J. Young, a civil rights legend, Killer Mike, a rapper and activist, and Ryan Glover, founder of Bounce TV network. How much scope is there for financial services for affinity groups instead of traditional geographical or product coverage areas?
Block's Q4 2022 earnings surpassed market expectations. Dorsey outlined the future focus for the business.
If asked where to get a small business loan most people would state their local banks or even some of the bigger traditional...
Varo Money CEO Colin Walsh : We Designed Varo to be Your Primary Bank Account Square acquires European peer-to-peer payment...
Chinadigital lendingeCommerceMetaverse / xRneobanksmall businessSocial / Communitysuper appsupply chain / trade
·This week, we cover these ideas:
Klarna’s $640 million raise and its $45 billion valuation, and how its business model arbitrages the payments revenue pool to build a lending business
Pinduoduo’s growth path to a $150B marketcap, and the links between shopping, media, and financial mechanisms that help it compete with Alibaba
A comparison of approaches to growth and economics
Implications for crypto assets for capturing “the real economy”
Klarna is raising $640 million on a $45 billion private valuation, with over $1 billion in net operating income. The buy-now-pay-later company has over 90 million active customers and 250,000 merchants. It was founded in Sweden in 2005.
On the other side of the ocean, Chinese ecommerce company Pinduoduo is beating Alibaba with 820 million active buyers, generates over $3 billion in revenue per quarter, connects buyers to 12 million farmers, and has a market capitalization of $150 billion. It was founded in China in 2015.
It is not uncommon for Amazon to launch new products that subsequently become widely successful; one area where Amazon pulled...