Good morning & happy Tuesday! Today's issue is the best one yet as we're diving into MrBeast who just acquired a teen-focused banking app Step (what's the big plan here, why PayPal should be nervous and what to expect next), digital asset exchange Gemini that just ditched Europe, UK and Australia to save its balance sheet (what does it tell us and what's next + bonus deep dive into Gemini's latest financials & whether it's worth yoru time and money), and Stipe, which is about to sell more of its shares at a whopping $140 billion valuation (how Stripe figured out how to be public without being public + bonus deep dive into fintech giant's quest to become the financial backbone of AI-driven economy). Let's jump straight into the fascinating stuff '' Beast Industries, the $5.2 billion company behind YouTube's biggest creator, announced yesterday it acquired Step, a teen-focused banking app, for what market observers estimate was under $200 million. Step raised $175 million in equity at...
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