11/20/2020: Weekly Newsletter
Money
2% of accounts own 95% bitcoin per Bloomberg (talk about concentration of wealth…)
IPO news…
Airbnb IPO expected to reach ~$30B valuation (I’d love to understand the strategy behind going public in a time when the travel industry faces such macro headwinds…someone please explain!)
DoorDash going public; initial filing documents show revenue of ~$2B for first 9 mo of 2020 and net loss of ~$150M
Roblox, videogame company, filed to go public
Qualcomm shifts the revenue metrics it reports
Andrew Ross Sorking of NYT’s DealBook hosted its annual summit with a star-studded line up including: Dr.Fauci, LeBron James, Elizabeth Warren, Jamie Dimon and more
Tech
SpaceX successfully sends team of 4 astronauts to space
Apple halved its App fees for small developers from 30% to 15%
Nvidia bringing back Fortnite on Apple phones by letting users play through the Safari browser
Covid vaccines explainer by WaPo is great for the non-medical person like myself
Etc.
I find the holidays always a nice time to catch up on some reading. NYT has 100 books of 2020, or for a more slimmed down list, WaPo narrows it down to their top 10
♫ We talked about Mexican Gothic by Silvia Garcia-Moreno on Not So Silent Reading
Caste by Isabel Wilkerson will be our next book if you want to join our reading journey!
Photos from Diwali celebrations this year
♫ I got hooked on Netflix’s documentary about Formula 1 racing, Drive to Survive; I’ve been saving an interview with one of the main stars of the show, Australian driver Daniel Ricciardo, until I finish all the epsidoes ( I didn’t want spoilers!)
♫ Gillian Anderson, of X-Files fame, on how she played Prime Minister Margaret Thatcher on The Crown and her role on the lesser known but equally very good Netflix show, Sex Education
I can’t believe its already been 5 years since the Nov 13th 2015 terrorist attacks in Paris at the Bataclan. The mayor of Paris held events at the site of the attacks last week. (I regrettably missed including this in last week’s update.)
