Martin talks about the effects of the market downturn in response to the global pandemic. We discuss which companies are the most affected—in particular why Slack, Uber and Lyft have fared so poorly. Martin also looks back at the 2008 financial crisis and explains why the recent downturn is in fact very reminiscent of what took place 12 years ago. And we look at how long it will take for investors to regain confidence in the markets again.
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.