How to Invest in Equity Crowdfunding

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Patreon claims to have 2 million paid subscribers. The company says it has 500 writers on the site, but that's probably not a real number. If they were making $5 per paid subscriber, which is probably more realistic, I'd say they're making between one and two million a month. That means they make $24 million a year right now. They might be close to breakeven or even losing 40 times their top line.

Producer Rachel joins Jason to break down the latest tech news. They cover AOC's arguments against banning TikTok (2:29), Alibaba's six-way split (18:43), Disney's metaverse cuts (28:17), Substack's equity crowdfunding (39:16), Lyft's precarious position, and more! (55:09) Then, Jason breaks down the case for shorting Coinbase. (1:12:14)

(0:00) Jason kicks off the show

(2:29) Reacting to AOC's arguments to not ban TikTok

(13:39) LMNT - Get a free sample pack with any purchase at http://drinklmnt.com/TWIST

(15:09) The CCP’s interest in TikTok

(18:43) Alibaba's six-way split

(26:49) Mercury - Banking built for startups. See more at https://mercury.com/twist

(28:17) Disney sunsetting its Metaverse division

(38:09) Crowdbotics - Get a free scoping session for your next big app idea at http://crowdbotics.com/twist

(39:16) Substack's equity crowdfunding

(55:09) Lyft's precarious position

(1:04:18) Twitter shutters legacy verification badges

(1:12:14) Laying out the Coinbase short argument