Terra UST stablecoin unpegged with Bennett Tomlin + High growth tech’s runway: $COIN, $SQ, $ZM, $TWLO, $SHOP & $PTON | E1456

First, crypto reporter Bennett Tomlin joins to break down the the massive decline of algorithmic stablecoin Terra USD (UST) and how the Terra-Luna ecosystem works (09:00). Then we recap five tech stocks that are down at least 70% off mid-COVID peaks Coinbase, Shopify, Twilio, Zoom and Block (44:44). We briefly touch of Elon’s comments about reducing permanent bans on Twitter (1:05:48). Wrap with Peloton’s painful earnings (1:22:53). (00:00) Jason and Molly tee up today’s topics (02:54) Jason and Molly talk a little bit about bitcoin and the stock market tanking (09:00) Bennett Tomlin joins to discuss what’s going on with stable coins: LUNA, Tether, etc. (14:10) Indochino - Get $50 off any purchase of $399 or more by using code TWIST at checkout https://www.indochino.com (15:17) Can you buy 60 cents of LUNA to get a dollar worth of Terra? Are algorithmic stable coins destined to collapse? (22:09) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist (23:19) Discussing LFG Reserve balance over time (31:00) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist (32:11) Different types of stable coins, & how much damage will the past few weeks do to the idea of algorithmic stablecoins? (44:44) Jason and Molly on the bitcoin crash and major tech stock wipeouts (50:10) Coinbase (53:20) Shopify (57:00) Twilio (1:00:40) Zoom (1:03:11) Square (Block Inc) (1:05:48) Breaking News: Elon Musk says “I guess I would” reverse Trump Twitter ban (1:22:53 )Peloton stock down 93% from pandemic high FOLLOW Bennett: https://twitter.com/bennetttomlin FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood