This Week in Startups Bolt's struggles with The Information's Malique Morris + How Yuga Labs' mint sent Ethereum Gas 120X + Gravity Sketch | E1449
May 3, 2022
Malique Morris, a reporter at The Information specializing in one-click checkout, discusses the struggles of Bolt's declining customer base and fierce competition with companies like Fast and Amazon. The conversation dives into the recent spike in Ethereum gas prices triggered by Yuga Labs and the implications for the crypto market. Lastly, Gravity Sketch, a 3D design platform, is highlighted as an innovative tool changing the design landscape. Morris's insights underscore the chaotic dynamics of fintech and online retail today.
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Praise for Investigative Journalism
- The hosts open the show by praising Malique Morris's investigative journalism skills.
- They emphasize the importance of original reporting in a media landscape saturated with aggregation.
Checkout Companies' Strategy
One-click checkout companies intentionally target small merchants with low sales. These merchants already have established checkout options, limiting growth potential.
One-Click Checkout Market
Amazon's one-click checkout patent expiring in 2017 created a perceived opportunity in the market. Many companies entered despite existing competition from major players.