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Weekly Cache

Weekly Investment News and Analysis

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

Latest Invesment News

September 25, 2022: Don’t Fight The Fed

Last week, the Dow Jones fell 4%, the S&P 500 fell 4.6%, and the Nasdaq fell 5.1%, as a hawkish Federal Reserve sent US Treasury yields soaring. Instacart plans to focus its IPO on selling employee shares. Chinese EV maker Leapmotor aims to raise US$1 billion in a Hong Kong IPO. Tencent considers more stake sales to fund share buybacks, future growth. FTX is in talks to raise up to US$1 billion at valuation of about US$32 billion, in-line with its prior round. Meta, and Google to cut costs and staff. Home-flipper Opendoor hit with losses in echo of Zillow collapse. Accenture stock fell after profit and revenue beat expectations but outlook was downbeat. Take-Two stock fell as company says leaked ‘Grand Theft Auto’ footage the result of ‘network intrusion’. Amazon said it had ‘biggest three hours of signups’ for Prime during first exclusive NFL stream. 25% of Netflix subscribers planning to leave service. In 2021, investors poured more than US$12 billion into a new breed of start-ups focused on buying Amazon marketplace sellers. This year, the funding has mostly dried up. Nasdaq moves into crypto with custodying services. Affirm stock heads higher as company notches BNPL deal with Amazon in Canada. Coinsquare to acquire CoinSmart as consolidation of Canadian crypto traders continues. Sophic Client, Swarmio Media (SWRM-CSE, SWMIF-OTC) and Globe Telecom Partner with PUBG MOBILE to Promote the Globe Gamer Grounds Platform in the Philippines. PUBG MOBILE is one of the most popular mobile games in the Philippines, with over one million monthly active users. Sophic Client Reklaim (MYID-TSXV, MYIDF-OTC): This report demonstrates how shifts in regulation and company compliance relates to Reklaim, which allows consumers to confirm their identity and unveil data that businesses have collected and sold without the consumer’s explicit consent for years.

Invesment News in the Past Weeks

August 23, 2020

August 23, 2020

While the Tik-Tok drama continues to unfold, high profile companies including SpaceX, Robinhood, Airbnb, Ant Financial, Palantir move ahead to either raise capital or go public. Palantir also plans to move its headquarters from the Bay Area to Denver, which could aid the trend of tech companies being more widely located, which we believe is a tailwind for the Canadian tech ecosystem. For example, Odyssey Interactive’s founders previously worked in the United States but opted to establish the company in Canada, because of the strong startup ecosystem in Canada.

August 16, 2020

August 16, 2020

Epic Games and Facebook appear to be pushing back against app store policies, which could have far reaching implications. Several high profile companies are expected to go public this fall & Robinhood is garnering lots of attention (including, gracing the cover of this week’s Barrons).

August 9, 2020

August 9, 2020

Lots of attention seems to be focused on US-China tensions and ramifications for the global technology industry, with Twitter and TikTok apparently in discussions as of Saturday. It will be interesing to see what the next week brings on this front.

August 2, 2020

August 2, 2020

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

July 26, 2020

July 26, 2020

Welcome to our inaugural edition of what we’ve been reading in technology & ESG related investing this week. You are receiving this email, because you’ve previously worked with Sophic Capital or we’ve discussed tech or ESG investing.