Takeaways:

• As expected, inflation hits 7%. What’s important at Loup is less about what the Fed’s going to do, and everything about finding great companies at good (and fair) value.
• Coinbase acquires FairX. Another step toward building a full-fledged suite of tools for consumers in institutions to participate in the digital economy. Crypto derivative volumes were about 2X than spot volumes in December 2021.
• We hope rumors of an Apple TV-MLB deal are true. MLB is the second largest sport in the world in terms of revenue; and, would be an ideal opportunity for Apple TV+ to jump into live sports. Thanks Amazon for the idea.
• Facebook continues to get elbowed  by regulators over acquisitions. We think it’s borderline absurd that acquisitions approved by the gov’t years ago would later be broken up by the gov’t.

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