Zaid Admani

Now, speaking of things that are ripping, investors continue to rush into metals like gold, silver, and copper.

Gold is near record highs right now, and both copper and silver did hit record highs yesterday, with silver hitting $80 an ounce for the first time ever.

So there is a pretty interesting setup in the market right now.

This market rally is broadening out beyond just mega cap tech names, but at the same time, investors are still hedging by buying hard assets like gold and silver due to geopolitical uncertainty.

Now, remember, on Friday, we are getting the December jobs report, which will be the first big macro data point for the year.

We'll break down that jobs report and everything else happening in the markets every morning.

So if you're new here, it's a great time to get subscribed to the podcast to stay in the loop.

Let's run through some headlines.

starting with Discord.

Discord has confidentially filed for an IPO, officially kicking off the process, but the company is still debating internally whether they actually want to go public.

Discord was founded back in 2015.

They built their identity as a place for gamers to hang out over text and voice chat.

But since then, they've grown way beyond just gaming.

They have more than 200 million monthly active users now, with servers covering everything from investing to music to random niche hobbies.

The company was last valued at around $15 billion in a 2021 funding round, and they famously turned down a $12 billion acquisition offer from Microsoft that same year.

In hindsight, I bet they wish they took that deal because I'm not sure how much Discord is going to be valued at once they hit the public markets.

Now, over the past year, Discord has clearly been IPO curious.

They switched CEOs back in April of last year as part of a plan to put the company on path for an IPO.

They've also stepped up their plans to monetize their massive user base by rolling out new commerce experiences for gaming communities.

But like a lot of social platforms, Discord is also dealing with PR and regulatory challenges, particularly around child safety.