Three Things (9/21)

Wednesday, Sep 21st 2022

Commentary

Goldman strikes deal with T-Mobile

“If you wait, all that happens is that you get older.” ― Larry McMurtry


1) Goldman strikes deal with T-Mobile: The investment bank is said to have locked a credit card deal with T-Mobile. While terms of the agreement were not disclosed, the news follows Apple and GM's partnership earlier this month and comes amid mounting scrutiny over Goldman's consumer unit, Marcus, which is still unprofitable. The partnership could allow T-Mobile to add a financial product to incentivize its 88 million U.S. monthly subscribers to compete with Verizon, which launched its own credit card partnership in 2020. 

Titan's Takeaway: Creating a credit card with robust reward programs could entice T-Mobile users to stay committed to the service for the long term. While it's too early to predict how this shakes out, the partnership between a legacy financial institution and a growth telecommunications giant shows that in today’s market, “bundling” is how you grow. 

2) Amazon's "Thursday Night Football" scores: Amazon's big bet on live sports appeared to be a touchdown last Thursday. The debut broadcast of Thursday Night Football drove a record number of Prime sign-ups in a three-hour period. Amazon secured the exclusive rights to broadcast the Thursday night games for ~$1 billion in mid-2021. 

Titan's Takeaway: The e-commerce giant continues to focus on bolstering its Prime offerings by bundling premium services, from live sports to GrubHub+'s prime delivery. With over 80 million active Prime users in the U.S., Amazon appears keen on optimizing its once modest free-delivery option into a service juggernaut with all the bells and whistles. 

3) SPAC "King" eliminates two deals: Chamath Palihapitiya, the man who brought special purpose acquisition companies (SPACs) mainstream, plans to shutter two deals worth $1.6 billion after failing to find companies to take public. Rising interest rates and entrenched inflation have dogged the public listing market, a far cry from just last year when SPACs exploded onto the scene with 670 total SPACs worth $172.2 billion. Besides ProKindey, Palihapitiya's SPACs are down roughly 40% off their initial listings. 

Titan's Takeaway: While the rather pugnacious entrepreneur may have under-indexed the impact of the $5 trillion pandemic stimulus buffeting the listing market, he is still doing just fine. His venture capital arm, Social Capital, continues to place massive bets in the private markets, and he's recently taken up a second career as a talking head on the wildly popular All-In podcast…who doesn't have a podcast these days?

As of this writing, TMUS, AMZN were a portfolio holding of Titan. This security may cease to be a portfolio holding at some point in the future.
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.

Understanding Private Equity Fund Structure


Will the Backdoor Roth Conversion Go Away in 2022?


What Is the Nasdaq Stock Exchange?


How to Stake Solana

Ready to become a client?

It’s time to give your wealth a future.

We'll be right here by your side.

Various Registered Investment Company (“RIC”) products offered by third-party fund families and investment companies are made available on the platform. Certain of these RIC products are offered through Titan Global Technologies LLC. Other RIC products are offered to advisory clients by Titan. Before investing in such RIC products you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Apex Crypto LLC. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Titan Global Technologies LLC. Please ensure that you fully understand the risks involved before trading: www.apexcrypto.com/legal.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.

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

Legal

Privacy

Terms

Careers

Press

Help Center