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- Long: Bubble Tea, Lululemon🧋
Long: Bubble Tea, Lululemon🧋
Short: Metaverse, Trump, Space 🛰️
🍱 Lunch-time edition folks, another week down, another crisis averted.
Let’s slide in 🛝
TRENDS | Tea 🆙 | Space👨🚀 ⬇️
Bubble Tea is finally trending hard. The Taiwanese treat has gone mainstream and I’m pretty pumped to see boba shops popping up in NY (although Vivi Bubble-tea seems to have scaled back after invading our eyes with pink shops on every corner pre-pandemic).
Virgin Orbit is laying off 85% of its staff. The space company failed to secure new investment in the wake of a failed launch.
There’s clearly trouble in the space biz. Space related businesses, Astra, Spire and Momentus are in danger of being delisted from public exchanges in the US.
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Americans aren't using all their PTO, and there are companies trying to buy them as we go deeper into the internet-of-things aka the securitization of everything.
ECONOMY 📊 | Banking Crisis cont.
The White House unveiled tighter rules for the banking sector. The proposed regulations would target banks with $100-250 billion in assets.
There it is, re-regulation. If you read our piece on the future of consumer banking this is right in line with our view.
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Wells, gonna wells. Wells Fargo will pay ~$100M for sanctions compliance failures.
If they do it at home with the locals, what do you expect? All jokes aside to what end will retail banks operate in this way?
TECHNOLOGY 🦾 | Monopoly Guys 🧐
Alphabet accused Microsoft of anti-competitive cloud practices
Regulators world-wide are going after the giant tech firms now racing to monetize
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Disney canned its metaverse team, Facebook/Meta is scaling back and playing defense. What’s next? I think we’re going to live in Web2.5 a bit longer while the market figures out the real application of AR/VR, A.I. and De-Fi. The convergence of these technologies is something we’re very interested in.
But don’t sleep on NFTs or the broader application of digital assets— Ticketmaster just launched an NFT gated product with metal band Avenged Sevenfold.
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Donald Trump is facing criminal charges in historic first
Part of me wishes the A.I. Donald Trump arrest photos were real, creepy stuff but hilariously depicted.
Regardless of your feelings towards Trump, parties, politics, or law, it’s safe to say that martyring political opponents rarely yields positive progress for nation-states. Take a look at Brazil, Venezuela, Germany (Nazi, East, West), Russia etc. Let’s be clear though— no-one is above the law.
Charts Du Jour 👨🏻🍳
Meme Digestif ☕️
That’s a wrap 🎬 have a great weekend everyone.
We’ll keep an eye out on things while you’re vibing out in this spring weather.
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