This Week in Startups Dfinity’s ICP crypto complaint, Snap/Twitter earnings, China’s e-learning crackdown & more | E1252
Jul 23, 2021
In a bold roundup, the discussion tackles Dfinity's legal woes over its crypto collapse and the surprising financial upswing of Snapchat and Twitter. The potential shift of China’s ed-tech sector to non-profit raises eyebrows, while looming issues in San Francisco's commercial real estate paint a dire picture. Meanwhile, Alphabet's new venture into industrial robotics hints at future innovations. Reflecting on Disney's nimble strategy in streaming adds a layer of intrigue to the tech landscape.
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Crypto and Securities Law
- Some crypto projects might be misclassifying tokens to avoid securities laws.
- This can lead to legal issues, as seen with DFINITY's class action lawsuit.
DFINITY's Unclear Value Proposition
- DFINITY's Internet Computer Project aims to decentralize cloud computing.
- It's unclear who the target customer is and why they'd choose it over existing solutions like AWS.
ICP Token Price Collapse
- DFINITY's ICP token launched on Coinbase Pro and peaked at $750.
- It has since plummeted to $31, leading to investor lawsuits.