This week, let's dive into the Apple augmented reality glasses leak, the Magic Leap $350 million financing, and the uncanny imagery created by Epic Games' Unreal Engine. We summarize and pull apart the thesis of the Metaverse -- a virtual world as realistic and economically important as our own -- and how media and financial companies should think about the opportunity.
Read MoreWhy are high valuations bad? You've heard me talk about how the trend of Fintech bundling, and the unicorn and decacorn valuations led by SoftBank and DST Global, are creating underlying weakness in the private Fintech markets. Of course, they are also creating price compression and consolidation in the public markets (e.g, Schwab/TD, Fiserv/First Data) across sub-sectors. But public companies are at least transparent and deeply analyzed. Private companies have beautiful websites, charismatic leaders, and impressive sounding investors. Often when you look under the hood, it's just a bunch of angry bees trying to find something to sting.
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