Welcome to the Tech Beam Ride Home for Thursday, July 9th, 2020.

I'm Brian McCullough today.

Coinbase might be the most important IPO of the next several years. More bad

numbers for Quibby. Apple wants you to know it's not abandoning Thunderbolt.

Elon Musk wants you to know he's going to win my self-driving by 2020 wager and I explain my whole

clubhouse versus Twitter analogy from yesterday here's what you missed today in the

world of tech.

Aside from AirB&B, we might have the biggest new tech IPO in a long time to look forward to

coinbase. Sources say coinbase is exploring going public via a direct listing as early

as this year.

In its most recent round of private investment, coinbase was valued at more than $8 billion.

And remember, Coinbase is arguably the most important crypto exchange, which is important to keep

in mind because, quoting Reuters, the listing would need the U.S. Securities and Exchange Commission's blessing.

Were the watchdog to greenlight it, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Coinbase could pursue the listing later this year or early next year the sources

said cautioning that the plans are still subject to change. The company has not

yet registered its intention to go public with the SEC but has been in talks

to hire investment banks and law firms the sources added.

In a direct listing a company does not sell new shares as it does in an IPO, and existing

investors are not bound by lockup restrictions on when they can divest their holdings

following the market debut. Founded in 2012, Coinbase is one of the most

well-known cryptocurrency platforms globally and has more than 35 million users who

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