@Bullish acquiring @Equiniti for $4.2B is being framed as a tokenization story.
It's actually a story about the infrastructure that brings issuers and shareholders closer together, and that's the part worth paying attention to.
One of our core missions at @Say was to bring issuers and shareholders closer together, and we did that for millions of shareholders. In our view, that is always a positive and productive thing to do. The distance between public companies and their shareholders has been too wide for too long, and closing it creates real value on both sides.
Capital markets infrastructure is being rebuilt in real time, and this deal sits squarely in the middle of it. Equiniti is the issuer's primary partner for the workflows that touch every shareholder: proxy, dividends, corporate actions, employee stock plans, the share register that anchors the rest of the stack. They do it at global scale.
There is real room to improve here. Real-time cap tables. Automated corporate actions. Issuers who actually know their shareholder base. None of this exists at scale today. The opportunity is enormous.
If you believe tokenization is a flip the switch moment, you don't need to buy Equiniti. You build new infrastructure and wait.
If you believe it's a gradual migration, slowly and then all at once, you meet issuers where they are today and earn the right to migrate them.
The future of capital markets infrastructure runs through the shareholder.
Huge congrats to @ThomasFarley and Dan Kramer and their teams on this exciting deal.
@signulll@Skye This is awesome!! Very excited to try this out. Would love to be on the beta list. Wishing you and the team a ton of success with this @signulll
The gap between those two things is where most failed project starts.
Claude asking you questions is 10x more powerful than you asking AI questions
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Super valuable prompt (I heard recently):
"I'm about to start this project. Interview me until you have 95% confidence about what I actually want, not what I think I should want"
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So. @opendoor’s Q3 Financial Open House is November 6 @ 2pm PT. We're doing things differently. Here's what's new:
→ Video instead of audio, so you can see and hear from us directly
→ Live Q&A powered by @robinhoodapp's Say Technologies platform, where YOU, our shareholders, can ask questions NOW through Nov 5
→ Streaming on @RobinhoodApp (we're proud to be the first major real estate tech company to do this)
Ask anything: https://t.co/ahitgfnIKI
This is earnings, reimagined for everyday investors. Welcome to our Open House 📷
Excited to have @opendoor stream their earnings call live on @RobinhoodApp with Q&A powered by Say.
It's awesome to see more companies treating retail as first-class citizens.