Fintech Focus For March 5, 2021

Quote To Start The Day: We can do anything we want to if we stick to it long enough.

Source: Helen Keller

One Big Thing In Fintech: Square, a fintech company that serves both individuals and companies, announced that it has purchased a majority stake in Tidal, a music streaming service. The deal, worth some $297 million, will allow artist-partners to keep their ownership in the music company.

Source: TechCrunch

Other Key Fintech Developments:

Watch Out For This: Jacob Chansley, a noted adherent of the far-right QAnon conspiracy movement that believes former President Donald Trump was chosen to defeat a cabal of global liberal elites who harvest children’s blood to stay young, stormed the US Capitol along with thousands of other Trump supporters.

Chansley told US broadcaster CBS, “My actions were not an attack on this country. That is incorrect. That is inaccurate, entirely”. He claimed he “sang a song” while allegedly on the Senate floor, to create “positive vibrations in a sacred chamber”.

Source: Al Jazeera

Interesting Reads:

Market Moving Headline: Stocks and bonds sold off after Federal Reserve Chairman Jerome Powell underwhelmed markets by refraining from pushing back more forcefully against the recent spike in Treasury yields.

Source: Bloomberg

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