Gene and Doug discuss Crypto.com’s $15M hack, Apple’s long-term take rate and recent tech price increases.
Takeaways:
- Even though Crypto.com got hacked, there’s still a lot of value in a centralized exchange.
- Apple’s App Store is in the news again. This time, with a Dutch ruling forcing dating apps to accept third-party payments later in this month. Big picture: it’s a function of time before app take rates decline. The question is more about… when, and by how much?
- Netflix and Peloton raise their price in the past week. It’s likely a positive read for Netflix, and an admission by Peloton that a $1500 bike is not for everyone.