The Pomp Letter
The Pomp Letter
The Virtual World
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The Virtual World

1

To investors,

There is a lot of conversation and attention on the Coinbase direct listing this morning. While this will be a historic public market event, there is not much new analysis to contribute. The cryptocurrency exchange is rock solid.

Brian Armstrong and Fred Ehrsam built a business that is doing approximately $8 billion in annualized revenue an…

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