Thursday, Apr 7th 2022

Three Things (4/7)


“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

  • The company plans to add these features in a pilot program in its app in the U.K. this year.
  • New booking services on Uber’s app will include flights, intercity trains, and buses.
  • The company plans to work with existing booking services, but hasn’t yet disclosed its outside partners.

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

  • Fast had been working on offering one-click checkout solutions for online retailers.
  • The company was valued at as much as $500 million in its latest funding round.
  • Fast had been seeking additional funding or a potential sale in recent weeks, according to reports.

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

  • Amazon’s Project Kuiper plans to launch these satellites over a five-year period, and has received FCC authorization to deploy 3,236 satellites.
  • According to its FCC approval, half of Kuiper’s satellites must be operational by 2026.
  • Last year, Kuiper said it planned to launch two prototypes in 2022; those launches are yet to take place.

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.

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 Are Catch-up Contributions & How Do They Work?

How to Transfer 401(k) to a New Job, Plus Other Options

What is Cardano (ADA)?

What Are Fractional Shares & How Do They 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

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

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. The introducing Broker Dealer is Titan Global Technologies LLC, a registered broker-dealer and member FINRA/SIPC. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member 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.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.