Trump’s Golf Flub | Jan. 6 Riots’ Corporate Reckoning | First NFT Billionaires

Plus: Meet Dutchie, The Shopify Wannabe Of Cannabis

Good morning.

The pandemic provided a boon for outdoors activities, but not even that increase in demand could fill the holes in former president Donald Trump’s European golf businesses. We’re also covering how corporate leaders can appropriately share reflections on the anniversary of the January 6 insurrection, and how NFT marketplace OpenSea’s latest valuation mints new billionaires. Finally, get to know Dutchie, the e-commerce platform for cannabis dispensary that’s achieved a three-comma valuation as it looks to gain a dominant share of the market before future federal legalization opens the doors to competitors.

In The News Today

More than 725 people have been charged so far with crimes relating to the January 6 U.S. Capitol riot. But one suspect keeps eluding investigators—the person seen planting pipe bombs outside both the Democratic and Republican National Committee headquarters. Here’s what we know, and what remains to be discovered.

Russia has sent troops to Kazakhstan, the oil-rich former Soviet republic that was rocked by deadly unrest following a spike in fuel prices.

Top Take-Aways

A year after the momentous events on Capitol Hill, here’s how corporate leaders should address the January 6 insurrection, and take meaningful action.

The pandemic has been great for the golf industry, but it hasn’t been able to turn around Donald Trump’s fledgling properties in Europe. In 2020, Trump lost $13 million at his three sites overseas, bringing his total losses there to more than $100 million.

Famed stock picker Cathie Wood’s funds widely underperformed the market last year, so she’s kicked off 2022 by doubling down on some of her favorite growth stocks.

While his company underwent congressional scrutiny and a rebrand, Meta CEO Mark Zuckerberg went on a selling spree in 2021, selling shares of the company formerly known as Facebook on nearly every business day last year for a total of nearly $4.6 billion before taxes.

The founders of NFT marketplace startup OpenSea have joined the three-comma club following a fresh funding round that values the company at $13.3 billion—up from $1.5 billion just six months ago.

The Samsung phone of a man arrested in a child grooming sting operation was wiped remotely before law enforcement could examine it, a rare public case of destruction of potential evidence using a feature meant to help protect users’ privacy when a third party gets hold of their device.

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In Case You Missed It

Ralph Lauren, Gucci, Balenciaga and other fashion giants are charging real money for digital-only clothing and accessories, with Morgan Stanley predicting that the metaverse could present a $50 billion-plus opportunity for the luxury industry in the next decade. 

Tips You Can Trust

The workplace as we know it will continue to be in flux in 2022—HR professionals should pay heed to these 10 trends.

New Year’s Resolutions can be hard to keep for longer than a few weeks. These five tricks can help staying focused and motivated.

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