Month: February 2021 | Beth.technology

What’s Next for Bitcoin? Levels to Watch

What’s Next for Bitcoin? Levels to Watch

Published by Beth Kindig on February 23, 2021

With many popular stay-at-home stocks pulling back on heavy volume and Bitcoin testing $50,000, investors are wondering what’s in store for the world’s most popular cryptocurrency. While some traders have been—and still are—calling for a crash in Bitcoin, we see no reason to sell out just yet. View webinar here: Is This the Top? After reaching a new all-time high of $58,300 over the weekend, Bitcoin is currently trading just under $49,000. The downward move came on the heels of a warning by U.S. Treasury Secretary Janet Yellen that Bitcoin is an “extremely inefficient” way to conduct monetary transactions, and…

Pinterest and Snap Show V-Shaped Recovery; Cloudflare Guns for Zero-Trust

Published by Beth Kindig on February 16, 2021

2020 earnings from ad-tech stocks have shown us that digital advertising has rebounded sharply from the pandemic recession lows. Pinterest’s growth rate dropped to 4% YoY in Q2 but has since rebounded to +77% in Q4. SNAP’s growth rate bottomed at 17% in Q2 and has recovered to +62% in Q4. In total, global digital advertising spend grew less than 5% in 2020 but is expected to accelerate with 17% YoY growth in 2021 as we head into a higher GDP environment. Global digital ad spend now makes up 52% of all ad spend, the first year it has eclipsed…

Why SPACs are (Sometimes) Better than IPOs

Why SPACs are (Sometimes) Better than IPOs

Published by David Marlin on February 4, 2021

SPACs offer retail investors the ability to invest early in a company’s life cycle. In the case of Snowflake, a company that went public via a traditional IPO, retail investors did not have this opportunity. By the time Snowflake debuted on the public markets, the share price had soared over 200% from its indicated opening price. Many pundits and analysts have claimed that the IPO process is broken due to examples like Snowflake and AirBnb. Wall Street institutions and a select group of their top clients can buy shares at discounted prices before they hit the open market. SPACs allow…