Equity Equity Monday: Welcome to crypto game day
Feb 14, 2022
This week kicks off with an analysis of the struggling food delivery sector, particularly Just Eat's delisting and the challenges for Delivery Hero and Deliveroo. On a tech note, Cisco is eyeing Splunk for a massive acquisition, signaling big moves despite regulatory concerns. The episode highlights exciting funding rounds, including $20 million for Gaia and $116 million for the gaming giant TripleDot. Lastly, crypto ads during the Super Bowl spark discussions on their effectiveness, revealing fascinating trends in consumer engagement.
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Crypto Super Bowl Ad Impact
- Crypto trading exchanges like FTX, Coinbase, and eToro saw increased app store rankings after Super Bowl ads.
- It remains to be seen whether downloads will translate into active users and revenue.
European Food Delivery Struggles
- European food delivery companies like Just Eat, Delivery Hero, and Deliveroo are facing significant challenges.
- Cost-cutting measures and declining valuations suggest a difficult market for food delivery.
Big Tech Deals Still Alive
- Cisco's $20 billion bid for Splunk indicates big tech deals aren't dead despite regulatory concerns.
- This suggests exit prices remain favorable and more large acquisitions may occur this year.