Three Things (June 2nd)

Wednesday, Jun 2nd 2021

Commentary

“The only interesting answers are those which destroy the questions.” - Susan Sontag

1) Twitter announces local weather news service as a premium option for users

Twitter has launched “Tomorrow”, a local weather news service offering free and paid weather content from expert meteorologists. “Tomorrow” will incorporate Twitter’s new creator products, including paid membership newsletters and ticketed live audio rooms. Twitter has been visibly working towards realizing their monetization potential over the past year, and the launch of “Tomorrow” reveals a clearer picture of how the company intends to enhance and expand existing popular content on the platform to create premium options for users. “Tomorrow” may well be a bellwether.

2) Twitter will test full-screen ads on Fleets, its “Stories” feature

In another bid to monetize, Twitter will test advertisements within Fleets (the platform’s “Stories” feature, where users can post photos and videos that vanish after 24 hours). Taking a page directly from Instagram and Snapchat’s playbook, the move is a strong indicator of Twitter’s ramped-up efforts to generate additional revenue from its vast user base. Fleets is still in its early stages, but we believe Fleets ads could become a respectable revenue stream for Twitter, especially if the company continues to improve its value proposition to content creators across the platform.

3) Coinbase partners with Apple Pay and Google Pay, enabling U.S. customers to use the Coinbase debit card through their digital wallets

Coinbase’s stock price closed +1% on Tuesday, after the company announced its agreement with Apple and Google Pay, allowing Coinbase’s U.S. customers to spend crypto and earn rewards directly through their digital wallets. In many instances, this will make paying with crypto as simple as paying with any other method. As we’ve discussed in the past, we believe that adoption of cryptocurrencies and blockchain protocols will continue to increase, as similar partnerships reduce friction and barriers to entry. We expect this secular trend will grow over the long-term and serve as a tailwind for cryptocurrency valuations.

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Is Asset Allocation? Definition & Examples


How Much Do I Need to Retire at 65?


What Is the Standard Deduction & How Do You Calculate It?


What Is Passive Investing and How Does It Work?

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management USA LLC. All Rights Reserved.