Nubank surpasses 100 million customers

Today in 5 minutes or less:

  1. Nubank surpasses 100 million customers ($NU)

  2. Graph of the day: Block’s growing market opportunity ($SQ)

  3. Video of the day: Palantir presents Titan ($PARA)

1.Nubank surpasses 100 million customers ($NU)

Nubank's milestone of surpassing 100 million customers reshapes the landscape of digital banking.

  • Nubank becomes the first digital banking platform outside Asia to reach 100 million customers.

  • Stellar 2023 financial results underscore Nubank's robust business model and customer satisfaction.

  • Nubank's digital model facilitates significant savings in banking fees and time spent in service queues.

  • Initiatives like promoting financial inclusion highlight Nubank's commitment to empowering customers.

Source: Nubank

2. Graph of the day: Block’s growing market opportunity ($SQ)

In the latest update, Square's market opportunity has surged to $130 billion in 2023, while Cash App's has hit $75 billion. Square's gross profit potential breaks down as follows: $89 billion from U.S. commerce, $17 billion from U.S. banking, and $25 billion internationally. Cash App's revenue in the U.S. stands at $75 billion, driven by $29 billion from community transactions, $45 billion from financial services, and $3 billion from Bitcoin trading. These insights highlight the significant growth and impact of these fintech players, shaping the landscape of digital payments.

3. Video of the day: Palantir presents Titan ($PARA)

The first AI-defined vehicle - designed for tomorrow’s soldiers. Built by the new defense ecosystem, led by Palantir. See the groundbreaking attributes of TITAN with a notional demo of our software solution.

Short updates on your favorite stocks/markets

  • OpenAI plans to announce Google search competitor on Monday.

  • Roblox shares slide as metaverse giant reports player spending has slowed. ($RBLX)

  • UBS makes first profit since Credit Suisse rescue ($UBS)

  • Apple apologizes for its controversial iPad Pro ad ($AAPL)

  • Oil Extends Two-Day Climb on Renewed Optimism for US Rate Cuts

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