⏬ Domain Market Down Bad?
This week's top stories for entrepreneurs turned investors, with updates on the markets, online business, real estate, startups, and crypto/NFTs.
Hi there 👋,
The world of entrepreneurial investing moves fast, seemingly too fast for just a weekly email. We’re thinking of going back to twice a week in the new year, but only if you agree. Place your bets (well, vote) below:
MARKETS UPDATE
New York Federal Reserve is launching its 12-week digital dollar program in partnership with global banking giants, to test how it will speed up payments (potentially leading to a Central Bank Digital Currency).
Berkshire Hathaway said it bought more than $4.1BN of stock in Taiwan Semiconductor Manufacturing TMSC.
The Global Semiconductor Shortage is also giving American companies a boost.
BofA expects CPI to be driven by core services in 2023, as food and energy falls.
Chart of the day
Is TSLA 0.00%↑ following Meta and Crypto asks investing.com:
ONLINE BIZNASS UPDATE
Andrew Gazdecki let the domain investing world know that he acquired acquire.com for just $200K, after initially saying it was a $2M purchase as a joke. This did not go down well for some domainers, with Domaingang asking if it was a “dick move”. It appears that the top end of the market has been falling hard recently. DN Journal is asking if it’s now become a no fly zone as the most recent top 20 sales chart posted the lowest #1 sale of the year to date.
TreasureHunter, who acquires and optimizes content websites, just put out a post on 5 trends (and 2 non-trends) in Content Website Aggregation, such as multiples will keep dropping due to the macro climate leading to fewer professional buyers.
GPT-4 may be as big of an update as GPT-3 was, possibly accepting not just text but also audio, image, and video inputs. Due to be released within the next few months, read more here.
This week’s ACQUIRE Deal Flow newsletter by Richard Patey featured 3 Websites on Flippa, 3 Aged & 3 Brandable Domains:
Sponsored Ad
Brought to you by our friend, Scott Oldford
Scott Oldford is one of the top online business mentors and advisors and he also owns dozens of businesses that collectively generate tens of millions of dollars a year in multiple niches, countries (and even languages), across the world.
In his new "Investing with Scott" newsletter, he gives you a behind the scenes look into acquiring, building and scaling businesses based on his experience of helping 100's of Entrepreneurs scale past 7 & 8 figures.
As an Entrepreneur since he was 7 and by 16 having a million dollar business while ending up a million in debt and now by 31, becoming a decamilionaire, he has a massive amount of insight, understanding, knowledge and wisdom for scaling and building businesses.
You can check it out right here, it's perfect for entrepreneurs and investors alike.
CRYPTO UPDATE
FTX sought to raise $7B from investors to keep afloat, revealing huge holes on its balance sheet, and seemingly listing the same assets on their books as their market maker Alameda.
BlockFi plans to file for bankruptcy, after pausing withdrawals.
The Winklevosses’ Gemini delays withdrawals after its lending partner Genesis pauses them.
CEO of Crypto.com is reassuring customers, as its CRO token falls 25% over the last week.
Circle, the issuer of USDC stablecoin, has added support for Apple Pay for crypto businesses.
STARTUPS UPDATE
Evernote is getting acquired by Bending Spoons, expected to close early next year.
Valuations of the most-valuable VC-backed companies declined by over 50% YoY in Q3, previous unicorns may have to raise down rounds.
Lynx, a new venture funding platform, has come out of stealth to redefine sweat equity by service providers for early-stage startups.
🦄 SEOs with Skin in the Game
Smash Digital - a growth agency, filled to the brim with unicorn images and SEO memes. A team of SEOs with actual skin in the game, ranking their own portfolio of profitable businesses, and offering the exact same services to clients.
An agency with so much link juice you’ll need a mop and bucket to clean it all up.
REAL ESTATE UPDATE
China's real estate market may be coming back, as stocks of its biggest developers soar this week.
Canada’s housing market downturn may be slowing as monthly home resales start to increase in some areas.
Ripple partners with crypto real estate marketplace ProprHome, who will issue blockchain-based digital property certificates.
Interested in sponsoring our newsletter?
Thanks for your interest in sponsoring the investing.io newsletter. The newsletter goes out every Thursday.
You'll find the details here.
If someone forwarded this letter to you, you can subscribe below:
Not financial, investing or tax advice. This newsletter is strictly for information, entertainment and education purposes. Nothing in here is investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your professional advisors. Do your own research.