Thursday, Apr 7th 2022
“You can only be jealous of someone who has something you think you ought to have yourself.” —Margaret Atwood
The below content and projections are the opinion of the authors. Any conclusions or takeaways are their own. This should not be considered as investment advice. Investing involves the risk of loss and returns are not guaranteed.
1) Uber to offer flight, long-distance travel reservations on its app as company continues push beyond ride-sharing
Titan’s Takeaway: Uber currently reports results in three segments — Mobility, Delivery, and Freight. And the company’s push into air travel suggests whatever the broadest interpretation of these categories might be, Uber intends to find a way to serve that market.
2) Payments startup Fast shuts down after raising $120 million as red hot venture market shows signs of cooling
Titan’s Takeaway: Higher interest rates make money more expensive for companies running short on cash. And while venture investors may be flush with capital, more expensive funding comes with more discerning questions, and Fast won’t be the only company offering disappointing answers through this cycle.
3) Amazon’s satellite project secures over 80 launches as space-based internet competition heats up
Titan’s Takeaway: The logic is straightforward — help more people on Earth more easily connect to the internet, and they’re more likely to become Amazon customers. This next frontier of innovation also brings with it the next frontier of investment, and the price tag will run into the billions.
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