Three Things (Apr. 14th)

Wednesday, Apr 14th 2021

Commentary

“The stock market is filled with individuals who know the price of everything, but the value of nothing.” - Phil Fisher

1. Coinbase’s direct listing reference price set at $250, implying a valuation of over $65 billion

“Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis. Coinbase is set to become the first major crypto business to go public in the U.S. and, should it reach a $100 billion market cap, will instantly be one of the country’s 85 most valuable companies. The company’s value has soared in the past year alongside bitcoin and ethereum, the primary currencies traded on the site.” (CNBC)

2. Apple announces spring product launch event where new iPad lineup is expected to be revealed

“Following an overnight leak by Siri, Apple today officially announced that it will be holding a special "Spring Loaded" event on Tuesday, April 20 at 10:00 a.m. Pacific Time at the Steve Jobs Theater on the Apple Park campus in Cupertino, California. Apple's April event will see Apple showing off the first new products of 2021, and there's quite a lot on the horizon. Updated iPad Pro models, a new low-cost iPad, a new iPad mini, refreshed iMacs, and the long-awaited AirTags are all products that Apple could potentially introduce.” (Macrumors)

3. Spotify to launch voice-activated vehicle entertainment device in limited numbers

“Car Thing, a Spotify-only, voice-controlled device for the car, is launching today in limited quantities to invited users. It’s a dedicated, Bluetooth-connected device for controlling Spotify without the need for a phone screen, which seems to be meant for people who drive older cars without built-in infotainment systems or phone connections. Car Thing is only being released as a “limited product launch,” so you can’t buy one outright. Instead, you can sign up for the waitlist and hope Spotify reaches out.” (The Verge)

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