CEO Debunks "Crypto Winter"

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Centric CEO Debunks "Crypto Winter"

Despite a bad price drop, there may not be a “crypto winter” after all, Centric Foundation CEO Joel Clelland says in a new episode of the Early Bird Podcast.

Background: Centric is a dual-token cryptocurrency, Clelland said, featuring the two tokens Centric Swap and Centric Rise. Each token has a different purpose in the crypto world.

Price Down: The price of Centric Swap is down because of the market conditions involving similar altcoins, according to Clelland.

Bullish: Clelland explains that the traditional finance industry, including big banks, now favors cryptocurrency and blockchain.

Final Thoughts: What advice does Clelland offer crypto investors? Find out by listening to a new episode of the Early Bird podcast.


Notable Earnings Today: Nike (NYSE: NKE), Pinduoduo (Nasdaq: PDD), Tencent Music Entertainment Group (NYSE: TME), UroGen Pharma (Nasdaq: URGN), Marinus Pharmaceuticals (Nasdaq: MRNS), Volta (NYSE: VLTA), Alexco (NYSEAMERICAN: AXU), DarioHealth (Nasdaq: DRIO), Akerna (Nasdaq: KERN), HireRight Holdings (NYSE: HRT), Fat Brands (Nasdaq: FAT), Jaguar Mining (OTCMKTS: JAGGF), Aug Medix (Nasdaq: AUGX), Bowman Consulting Group (Nasdaq: BWMN), TELA Bio (Nasdaq: TELA).

Notable IPOs Today: Aurora Technology Acquisition Corp. Class A Ordinary Shares (Nasdaq: ATAK), Embecta Corp. Common Stock When-Issued (Nasdaq: EMBCV).

Notable Equity Crowdfunding Campaigns Ending Today: Curly Tail Coffee (Honeycomb), Artillery Brewing (Honeycomb), V Soul (Honeycomb), Adaptyv Biosystems (Wefunder), Capay Mills (SMBX).

Notable Economic Events Today: Fed Chair Jerome Powell speaks (12:00 p.m. ET).

Nielsen Won’t Go Private After All

Photo by Ajeet Mestry / Unsplash

Nielsen Holdings (NYSE: NLSN) has rejected a takeover offer from a private-equity consortium, the data and market measurement company announced Sunday.

Background: Last week, a private equity consortium led by Elliot Management announced a nearly $9 billion bid to buy Nielsen.

Details: Nielsen’s board rejected the proposal, writing that the acquisition offer “significantly undervalues” the company. The proposal valued Nielsen at $25.40 per share.

Next: Now, Nielsen said it is focusing on its $1 billion share repurchase program.

Numbers: Shares of Nielsen dropped 30% in the past 12 months before the announcement of the potential takeover last week. The takeover news caused shares of Nielsen to jump over 40%.

Final Thoughts: The rejection of the takeover offer could hurt Nielsen’s stock price, but the company is focused on new innovations, such as a tracking tool for video advertising metrics.

An Investor’s Market: Plant-Based Meat

In the past few years, the plant-based meat industry has emerged as one of the hottest new sectors to invest in.

Value: The global plant-based meat market hit $8.5 billion last year and it is expected to reach $34 billion by 2027, according to

Growth: The plant-based meat market is slated to expand at a compound annual growth rate (CAGR) of 19.3% from 2022 to 2030, according to Grand View Research.

Investment Options: Currently, there are two plant-based meat producers that are in the public markets: Beyond Meat (BYND) and The Very Good Food Company (Nasdaq: VGFC). There are also some startups raising money on equity crowdfunding platforms.

Final Thoughts: Investors who are bullish about the future of plant-based meat point to the rise of sustainable living as a reason to get excited about these companies.

Trends to Watch

The Good Times Are Over: Sorry, Investors, You Can’t Buy the Dip Anymore (The Wall Street Journal)

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