Gene and Doug discuss:
- Where there’s massive reach, there’s massive ad opportunity. Amazon increases its ad spend to $31B — which is larger than the ad revenue of Snap, Pinterest and Microsoft combined.
- Facebook launches its news aggregation service to France, featuring 100 news outlets much like the curation of Apple News. We think that this will gage customer interest and that it could eventually expand beyond Europe.
- Arizona and Wyoming are the first to place bids for state-tax payments to be accepted in cryptocurrency. We think it’s mostly marketing. Wyoming was also the first state to approve a DAO which validates its reputation as crypto-friendly.