Equity

See? Fintech isn’t doomed, it just needs more time

5 snips
Jan 16, 2024
Stocks are plunging globally with eyes on TSMC's earnings. In crypto, Bitcoin's ETF launch didn't spark a rise, while Ethereum shows unexpected promise. Uber is winding down its Drizly acquisition, signaling change in alcohol delivery. Spot Technologies raises $2 million, contrasting with Kuda's impressive $20 million funding in a tough market. Apple's reign in smartphones faces hurdles, while Microsoft dives into AI innovations, showcasing the industry's dynamic landscape.
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INSIGHT

Crypto Puzzler

  • Bitcoin's value dropped 8% after the launch of Bitcoin spot ETFs.
  • Ethereum, which didn't get a spot ETF, rose by 11%.
ANECDOTE

Uber Kills Drizly

  • Uber is shutting down Drizly, its alcohol delivery service, three years after acquiring it for $1.1 billion.
  • Uber will focus on alcohol delivery through Uber Eats instead.
ANECDOTE

Spot Technologies Funding

  • Spot Technologies, an AI startup based in El Salvador, raised $2 million in seed funding.
  • The company develops cloud technology that turns cameras into intelligent systems for tracking consumer behavior and security.
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