127: Grayscale vs. SEC, Instacart & Klaviyo IPOs, How Stock Exchanges Work, TikTok’s Spotify Competitor
Not Investment Advice
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Introduction
The speakers delve into the fluctuating profitability and valuation of a particular business, highlighting its decline from 40 billion to 13 billion in the last two years. They explore the influence of the network effect and monetary policy on this business, while also sharing lighthearted banter about a peculiar chair in the background.
Transcript
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