- Headlines: SAP is spinning out part of Qualtrics, Dave leaked customer data, Asian markets were mixed while US shared opened green. Cryptos and gold are up at the same time, marking the moment as a melt-up.
- The Qualtrics news was the loudest note from the weekend’s jam, coming a few years after SAP bought the Utah-based tech giant. SAP will retain a majority stake even after the debut, but the plan should give Qualtrics more freedom, and SAP a better valuation for the piece of the smaller company that it retains. That’s if the spin-out goes well, of course.
- Dave’s leak looks bad, and will test what happens to more nascent fintech properties when they endure this sort of breach.
- Looking ahead, this is a huge earnings week. We’ll see results from Amazon, Apple, Alphabet, Facebook, and others.
- And, finally, rounds from StashAway, cargo.one, and Blueheart.
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