eToro Saddles Up While Toyota Builds Tomorrow

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📬 Happy Friday, Cash Nuts!

Grab your coffee, your chai, or whatever fuels you because today’s edition is jam-packed with the stories shaking up the financial and tech worlds. From eToro’s Wall Street debut to Toyota’s bold vision of the future, there’s something for everyone. Let’s get cracking! 🥜

🌟 Lights, Crypto, IPO: eToro Hits Wall Street

It’s official—eToro is taking its bull-friendly vibes to the Big Apple. According to the Financial Times, the retail trading platform has filed for an IPO in New York, seeking a valuation north of $5 billion.

🍊 Sweet Timing: eToro dodged a SPAC disaster in 2022 when it shelved a $10.4 billion merger, avoiding the fallout of the SPAC bubble burst. Fast-forward to today, eToro’s $3.5 billion valuation in 2023 is turbocharged by Bitcoin’s 94% surge in 2024, priming the crypto-friendly platform for a comeback.

📊 Market Benchmarks: If successful, eToro joins rivals Robinhood ($40B market cap) and Coinbase ($69B). Public markets have been kind: Robinhood’s shares quadrupled, while Coinbase doubled in value over the last year.

🌍 The London Snub: Despite eToro’s UK dominance, it’s heading to New York’s stock exchange, adding another blow to London’s declining IPO scene. Listings in London hit their lowest since 2009 last year, and eToro could debut by Q2 2025.

🚗 Toyota’s Futuristic Woven City Welcomes Pioneers

Toyota’s Woven City, a $10 billion experiment in futuristic living, is ready to welcome its first residents in fall 2025. Built on the site of a former car factory in Japan, this "living laboratory" will house 360 people, including Toyota employees, testing cutting-edge inventions in real-life settings.

🎥 Concept in Action: Toyota’s vision includes autonomous vehicles, AI-powered homes, and energy-efficient designs. A preview video showcases what’s to come, with the first phase poised to blend sustainability and innovation like never before.

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🔜 Other News You Can’t Miss

• 🏡 Mortgage Mayhem: U.S. mortgage rates surpassed 7%, straining a challenging housing market.

• 🚀 Blue Origin’s Big Launch: Jeff Bezos’ New Glenn rocket successfully reached orbit, stepping up competition with SpaceX.

• 📈 Market Rally: The S&P 500 jumped nearly 2%, driven by strong earnings and easing inflation concerns.

• 📊 Approved Nicotine Alternative: The FDA gave the green light to Zyn nicotine pouches as a potential smoking cessation tool.

• 🚨 Hindenburg’s Exit: The short-selling firm is closing its doors after years of high-profile corporate investigations.

• 🚚 Emissions Fraud Fine: Hino Motors, Toyota’s truck unit, will pay $1.6 billion for falsifying emissions data.

• 🛎  Mining Merger Talks: Rio Tinto and Glencore are exploring a merger that could reshape the global commodities market.

• 🌄 Duolingo Surge: Mandarin learners on Duolingo spiked 216% as China’s RedNote social app gains traction..

• 👷️🚜 Robotics Revolution: Symbotic Inc. bought Walmart’s robotic arm for $520M and plans to automate 400 stores.

🏛️ WASHINGTON WATCH

In a surprising turn of events, President Biden delivered his farewell address, warning about concentrated wealth and tech power threatening democracy. Meanwhile, Monday's upcoming Trump inauguration will feature a tech titan reunion, with leaders from Google, Apple, Meta, Tesla, and Amazon all scheduled to attend.

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💡What else are we reading and seeing?

• Jamie Dimon says these are the 2 biggest risks to the economy

• Wall Street banks see deal activity picking up

• Banks hand $100B to shareholders, most since 2021

Thanks for reading today’s Cash Nut! Stay informed, stay savvy, and keep the conversation going. See you in your inbox tomorrow! 🎉

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