Coinbase recently announced their intention to go public at a valuation of $100B. With Bitcoin trading above $60K, there is increased interest in the Crypto currency and Crypto-related stocks. The most promising that are currently listed are RIOT and MARA. Riot Blockchain and Marathon Digital Holdings are Bitcoin miners. Also GBTC is an OTC stock that holds Bitcoin in trust. Coinbase seems like the thousand pound gorilla to these smaller outfits.
Saturday, March 13, 2021
Saturday, March 6, 2021
Okta buys Auth0 for $6.5B to expand its market
Okta announced 4Q 2021 earnings with a 40% revenue growth, and also surprised the market with a large acquisition. They are purchasing Auth0 for $6.5B in Okta stock. Free cash flow was 13.8% of revenues. The stock pulled back from a 52-week high of $294 to $200, closing Friday at just shy of $216. Auth0 also grew revenue over 50% with a growing subscription model.
They discussed this in their earnings call here.
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