• Smart Cash
  • Performance
  • Log in
  • Get Started
ResearchThree Things (1/17)

Three Things (1/17)

Jan 17, 2024

Refer friends to Smart Cash to earn 6.0%* gross yield for up to 12 months. They'll earn 6.0%, too. See details.

Uber sobers up

Uber announced that it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Uber bought the company when lockdowns boosted alcohol-deliveries but sales haven’t kept pace with other business segments. According to reports, the company plans to continue its focus on allowing consumers to “get almost anything – from food to groceries to alcohol – on a single app”. 

Drizly was always a bit of an odd match for Uber, in that it didn't hire or contract its own delivery workers. Instead, Drizly provided backend tech that let local liquor stores provide their own deliveries. In cities like New York, it was likely serviceable but having never fully integrated into Uber’s ecosystem, it makes sense that they’re refocusing costs into their (almost) everything app. 

AI content wars

There is increasing scrutiny on OpenAI and other companies that power generative AI tools over their use of copyrighted materials. Marc Benioff, owner of Time Magazine, noted on Tuesday that “all the training data has been stolen.” This comes after The New York Times, Fox Corp, and CNN sued OpenAI for using the publication’s articles without permission. OpenAI has disputed that it used protected material without permission. 

The dialogue certainly opens a can of worms around who should be compensated and at what price. We wonder what a fair price for the data is and that likely won’t be figured out overnight. In the meantime, OpenAI and other LLMs are increasing their market caps, maybe at the expense of legacy content providers.

M&A in 2024

Executives at the biggest banks are expecting an increase in mergers and acquisitions in the coming months. Amidst earnings reports, Goldman Sachs reported that their deal pipeline “saw really strong replenishment and improvement in the fourth quarter” while the Morgan Stanley's CFO noted that “strength and sentiment should support broad M&A and new capital market issuance.” 

Interest rates and the Fed’s pivot are likely the culprit for boardroom optimism. It’s easy to believe that pipelines are strong as dealmakers had their worst year since 2012, signaling there’s some variation of pent up demand. The aforementioned optimism comes with a caveat that uncertainties linger (geopolitical tensions, inflation, an election, etc.), potentially altering expectations. Markets are pricing in perfection and dealmakers are counting on it. 

As of writing, UBER is a holding in Titan's Flagship strategy.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash


© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s 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 or investment products. 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 and other information provided are for illustrative purposes only and are not to be considered 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.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. 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, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

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.

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.