Reddit's IPO, Bitcoin's Rise, and SVB's Collapse

12 Mar 2024 (8 months ago)

Reddit IPO

Reddit plans to offer 22 million shares at $34 per share, valuing the company at around $6.4 billion.
Reddit will allocate 8% of the shares to its employees, existing shareholders, and moderators, with no lock-up period.
Reddit's IPO is seen as a bellwether for other technology companies looking to go public.
The success of Reddit's IPO will depend on the book building process and the firmness of demand across the price range.

Bitcoin has reached a new record high of $72,000 per token.
The London Stock Exchange will soon accept applications for exchange-traded notes (ETNs) backed by Bitcoin or Ether.
Institutional adoption in the US is driving Bitcoin's market structure towards weekday trading.
Ophelia Snider, Co-Founder and President of 21Shares, focuses on on-chain metrics and fundamentals rather than the spot price when analyzing Bitcoin.
There is an uptick in demand for altcoins, including Solana, from institutional investors.
Institutional clients are looking for utility and real-world applications of blockchain technology, rather than just speculation.

Covariant has developed a new Robotics Foundation Model (RFM) called Kibo, which provides robots with human-like reasoning abilities.
Covariant's RFM is trained on a vast dataset collected from a large fleet of robots deployed in various industries.
Covariant's CEO, Peter Chen, highlights the ability to communicate with robots in natural language as one of the key advantages of their RFM.

PDS and Chinese stocks are showing positive movement despite geopolitical concerns.
Former President Trump's comments on CNBC suggest a potential negative impact on TikTok's ban, benefiting Facebook and Instagram.
A year after the collapse of Silicon Valley Bank, the tech community has adjusted with alternative lending options emerging.
Elon Musk's lawsuit against OpenAI alleges breach of contract and failure to fulfill its original mission.
Vinod Khosla criticizes the lack of support from other venture capital firms during the crisis.
Access to working capital for startups varies depending on the industry, with AI startups still having strong access despite market corrections.

The speaker discusses the recent popularity of the movie "Oppenheimer" and the lack of attention given to "Maestro" and "Barbie."
Universal Pictures and Disney were successful in managing to count and turn out the goods.
The speaker expresses surprise at the high viewership of the movie and suggests that it may have gotten the most views in several years.
The speaker questions the absence of Apple TV+ in the discussion and compares it to Netflix.