Marker
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Marker

Super-Apps Are the Future

Why Jack Dorsey stepped down as Twitter CEO and renamed his payments company Block

  • ByteDance (TikTok’s parent company) invested in iMile, a last-mile courier service that connects mostly Chinese e-commerce companies to consumers in the Middle East. Dance videos are just the bait — commerce is the hook, and ByteDance is building services for more than limber-limbed teens.
  • Grab, the “everyday everything app” from Singapore, made its public debut yesterday after a $40 billion SPAC deal. It’s the biggest SPAC to date, though the stock fell more than 20% by the closing bell.
  • Indian super-app Paytm IPO’d with a $20 billion valuation — the largest public listing in the nation’s history. However, however … it, too, shed more than a fifth of its value on the first day of trading. Then slid further before maybe finding solid ground at $14 billion.

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Scott Galloway

Prof Marketing, NYU Stern • Host, CNN+ • Pivot, Prof G Podcasts • Bestselling author, The Four, The Algebra of Happiness, Post Corona • profgalloway.com