Three Things (October 13th)

Commentary13 days ago
“We are stubborn on vision and flexible on details.” —Jeff Bezos
1) Amazon will allow most corporate staff to work remote indefinitely, as return-to-office plans continue to be delayed or abandoned across sectors
In a memo circulated to staff on Monday, Amazon CEO Andy Jassy said that its tech and corporate workers would be able to work remotely indefinitely.
Directors at Amazon will have discretion over their team’s need to be in-office, but Jassy said that, for now, most workers should be close enough to an office that they can attend a meeting in person “within a day’s notice.”
Amazon previously said it expected workers to be back in its offices three days a week starting in January 2022.
Titan’s Takeaway: The longer companies delay return-to-office plans, the less likely it becomes that hard-and-fast rules around office attendance will stick. Investments in names like Upwork — a holding in Titan’s Opportunities portfolio — give our clients exposure to remote, freelance, and “permalance” trends that we believe could become further entrenched as workforce norms in a post-pandemic world.
2) Apple to reveal new MacBook Pro models on October 18, ahead of the holiday season
Titan Flagship holding Apple confirmed its next event will take place next Monday, October 18, with the tagline “Unleashed.”
Apple analysts expect the company to announce new MacBook Pro models that will be powered by “M1X” processors and come in 14- and 16-inch configurations, the biggest change to the company’s high-end laptop lineup since 2016.
Last month, Apple announced a new iPhone, iPads, and Apple Watch, and the company is also expected to announce a refreshed version of its AirPods at some point this year.
Titan’s Takeaway: Apple’s iPhone lineup got its normal annual overhaul last month, but new MacBook Pro laptops should give the company’s hardware offerings an added jolt into the holiday season. Apple’s MacBook business has been a beneficiary of consumers spending more time at home over the last 18 months, and these new machines could help continue momentum in what had become an overlooked part of the company’s business.
3) UnitedMasters and Coinbase partner to enable artists to get paid in cryptocurrency as mainstream crypto adoption continues
Music distributor UnitedMasters said Tuesday artists will now be able to receive payment in cryptocurrencies with Coinbase facilitating the transactions.
UnitedMasters will not need to hold cryptocurrencies itself.
Founded in 2017, UnitedMasters helps artists distribute their music on streaming platforms while maintaining ownership of their records and keeping up to 100% of royalties.
Titan’s Takeaway: The music business has been facing internet-related disruptions for more than two decades, and crypto is the latest challenge to the status quo. NFTs have demonstrated the power of digital assets to artists, and we believe creators will continue to increase their adoption of these new payment methods.

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