Square acquired AfterPay (a buy now pay later BNPL company) for $29B in an all stock deal, which was about 25% of the total value of Square. It’s a huge deal and Afterpay has 98K merchants in its network doing ~$21B in GMV.
Robinhood, the king of meme stock trading, has turned into a meme stock themselves, trading up 100% then down 50%.
Apple, a major proponent of consumer privacy, announced a new photo identification feature which is a major violation of privacy principles.
Mario Gabriele writes part 2 on his deep dive into FTX and what makes the company so special. In the report we also include our own investment deal memo of FTX during the seed round in which we invested at Race Capital.
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