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Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]

Pocket Gamer Connects conference discusses the market growth in 2020, an uptick in M&A activity, and how revenue models are changing the industry. [more]

Last week, DoorDash, a U.S. food delivery company, filed its Form S-1 Prospectus with plans fora NYSE listing under the ticker “DASH”. Earlier this year, DoorDash raised $400 million, on a $16B valuation. [more]

This past quarter, the COVID-19 pandemic continued to facilitate the adoption of various platforms and services for remote working, with offerings that support cloud storage, workplace communication, and video conferencing. [more]

Netflix led the quarter with almost 200 million paid membership accounts, followed by Disney and Roku, with 102 million and 43 million paid membership accounts, respectively. Global video streaming market is expected to reach $843 billion by 2027, a 12% CAGR between 2020 and 2027. [more]

So far this year, a basket of Gold BAANG stocks (Barrick, AngloGold, Agnico Eagle, Franco-Nevada, and Gold Fields) is up 58% versus the Tech FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google/Alphabet), up 52%. [more]

According to Gartner, the global public cloud services market is expected to reach US$$266 billion in 2020, a 17% increase year-over-year, led by segments Software as a Service (“SaaS”) and Infrastructure as a Service (“IaaS”), which are expected to grow to US$$116 billion and US$$50 billion, respectively. [more]

Last week, Alphabet, Amazon, Apple, Facebook, and Microsoft, reported better-than-expected quarterly earnings, as most of these big tech companies strongly outperformed against the broader market during the COVID-19 pandemic. With large cash balance and solid cash flows, these Tech Giants are poised to seize opportunities in this unsettled market. [more]