11/06/2020: Weekly Newsletter

Written By wallet street

Money

  • Ant IPO halted by Chinese regulators right before launch. (I wrote last week about how this was expected to be the largest IPO in history.)

  • Bitcoin hits $15k

  • Bitcoin/stock derivative trading pairs launched at FTX

  • Government seizes $1B of bitcoin linked to Silk Road

  • DOJ files antitrust suit for Visa's acquisition of Plaid

  • Changes in SEC rules for startups to register with SEC

  • Want to learn more about SPACs, what they are, and how they work? I recommend Hyde Park Ventures blog post or webinar recording to learn more. It was super helpful for me to understand how this structure works and why its been so popular lately.

  • Dunkin selling itself for ~$11B to Inspire Brands, which owns Sonic, Arby's, Buffalo Wild Wings, and others and is backed by private equity firm Roark Capital

  • Rule allowing people to take money out of 401ks during COVID without penalty sees low usage

  • Direct to consumer art

Etc.

  • Mt.Rushmore's controversial history, including how it encroached on Native American lands and who's building was led by a man with ties to the Klu Klux Klan. I did not know this history beforehand and it was pretty fascinating and eye-opening to learn about.

  • Ethiopia on the brink of civil war

  • Hawa Abdi, a Somalian doctor with a fascinating life story who helped feed, educate, and rebuild Somalia, passes away

  • Sean Connery, who played the firstJames Bond (and I would argue most iconic!), passed away

  • ♫ If you are a fan of true crime, I recommend this addictive podcast "Root of Evil" that dives into the Black Dahlia murder

wallet street
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