The Eye of the Storm

The stock market went on a rampage higher Tuesday pushing tech stocks up over 3%. The Nasdaq is now up 10% off its lows from mid June and looks to continue the push after a horrendous CPI last week.

Netflix reported earnings after the bell beating expectations. Estimates were anticipating 2 million subscriber loss, but only lost 970,000.

Netflix has made up some ground from it's recent lows, but is still a long ways away from it's all time high.

According to CNBC Netflix still has 220 million subscribers. Does Netflix's user base have room to grow or have we seen the peak of Netflix dominance?

AI company Optic raises $11 million

Based out of San Francisco, Optic is a artificial intelligence web3 startup. Their main focus is identifying NFTs that have similar characteristics as others. It can be quite difficult to distinguish lookalike NFTs that have a similar images. Optic uses their software to identify fraudulent assets that are looking to take advantage of unexpected victims.

It's great to see startups still raising capital amid massive market losses and industry layoffs. There seems to be a growing industry within the blockchain space, security. There has been a record amount of hacks, exploits, and fraudulent activities this year. It has opened the door for new innovative companies to help not only users, but the biggest apps in the industry.