🦄 SVN: Caitlin Clark Crushes Quota

The Silly Valley

📈 Rumors swirl that Alphabet is looking to buy Hubspot because when you have $110B lying around, why not? Hubspot currently has a market cap of ~ $33B and the cost would likely involve a significant premium over the current value. If Google is looking to get into the CRM game, would they get blocked by Uncle Sam over anti-competitive concerns? Would they really drop this much bread on another company when their biggest acquisition to date was $12.5B for Motorola Mobility in 2011, that they then sold to Lenovo for $2.9B three years later? If I’m Mr. or Mrs. Google, I’d probably spend my money on something with way more cultural cache and upside like S.A.D. (Sales Are Dope) Season 2.

💊 Crypto is officially back from the dead and giving 2021 rocket-ship-to-the-moon vibes. According to one Crypto VC, “Crypto and AI, blockchains and anything zero-knowledge related are red-hot right now,” which is apparently a real sentence spoken in the English language by someone who knows what they’re talking about.  Last year, a little over $10B was raised across the Crypto and Blockchain industry and some say that number could double in 2024. If the FTX collapse can’t kill this fugazi, who knows if anything can. I know I’m investing in it in a calm and responsible manner.

🏹 Everyone’s favorite company is standing up for the little guy once again. Robinhood is offering a credit card with 3% cash back and 0% APR until 2025. Investors on Wall Street are saying this is too good to be true warning that while this offer might mean more Robinhood customers, it won’t make them money. That’s because no other bank has figured out a way to profitably offer anything over 2% cash back. According to the third sentence of its reward rules, Robinhood can always “change the terms of this agreement at any time,” but I think we should totally trust these guys.

Outside the Bubble

🚴🏻‍♂️ Peloton is reportedly late on payments to vendors, showing signs of “financial distress,” but to quote Alex Toussaint, “If you ain’t struggling, you ain’t hustling” so it’s not like Peloton is gonna go bankrupt, right? RIGHT?! Maybe it’s time King Toussaint becomes CEO and gets this company back on track because I am NOT going through the monotonous grind that we call life without being told to “get out of the saddle and strive for greatness” for 45 minutes a week. So if you’re reading this, it’s not too late. Get yourself a Peloton subscription so your boy can stay motivated 🙏. Also add me on Peloton @Corp.

⛹🏻‍♀️ Women’s March Madness Gets Better Ratings than the 2023 NBA Finals and World Series. By conservative estimates, Caitlin Clark has generated $100M in revenue alone this year and the attention around her has highlighted other stars like Paige Bueckers, Juju Watkins, and arch-rival Angel Reese to put the women’s game at the center of the sports world. Ice Cube offered Clark $5M to play in his Big 3 basketball league with former NBA players and Dave Portnoy offered her $10M to play in Barstool’s Rec League, but Clark has declared for the WNBA draft where the average contract is only $113K. Clark will earn more than the average player, but the bigger question is how much revenue will the Iowa superstar bring to the WNBA? With last year’s WNBA finals already increasing 36% over the previous season, it’s safe to say the foundation is already being laid for women’s basketball to embark on a meteoric rise over the next decade, and I’m here for it.

😅 With strong economy and jobs data, the Fed may not lower interest rates after all. At the beginning of the year, experts on Wall Street expected the Fed to lower interest rates 6 times over the course of 2024 after raising them 11 times between 2022 - 2023 to their highest mark in 20 years. However, with inflation lingering at 3% and the recent jobs report on Friday showing unwavering strength in the U.S. economy, some members of the Fed have stated that “no rate cuts” is a possibility this year. If you’re looking to buy a house or raise money, this is bad news, but if you’re just looking to save money, now is as good a time as ever to setup a high yield savings account. For more galaxy brain financial tips, be sure to check out the Won and Done Calculator in the Resources section below.

💫 Bob Iger & Disney defeat activist investor Nelson Peltz in high-profile proxy fight. Disney’s stock and revenue took a hit over the last few years thanks to Marvel mania dying down, a failed CEO-succession plan, and its struggles competing in the streaming wars. While Nelson Peltz cited these as reasons for his proxy fight vs. CEO Bob Iger, many say it was really to get revenge on Ike Perlmutter who famously tried to prevent Black Panther from being made because it had a black superhero in the lead role. When Black Panther became the biggest movie in the world, Iger used it as leverage to oust Perlmutter. With the war between Peltz and Iger reaching its conclusion, Disney’s board’s #1 focus is solidifying a new succession plan.

The Latest ‘Tent

Last week’s podcast episode got a little wild…

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Resources

Want a calculator to see when you can retire and chill for the rest of your life? The “Won & Done” Financial Freedom Calculator is finally ready for you: