Year: 2021
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“Everybody thought I was crazy.” That’s Brian Armstrong, CEO of Coinbase. When he started the company in 2012, it was a small and quirky startup. Bitcoin had only been in use for three years and remained relatively obscure. But now, it’s safe to say not many people think Armstrong is…
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+ Angel Investing, Bitcoin, Coinbase, Crypto, Cryptocurrencies, Dogecoin, Ethereum, Investing, Litecoin, Silicon Valley, Startups, Tech, Y Combinator+
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In 2012, investor Garry Tan got an e-mail. A young Airbnb engineer named Brian Armstrong had sent him a tiny fraction of a bitcoin, worth just a few cents. But this message piqued his curiosity. How many people send you money for nothing? Tan happened to be one of the…
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+ Angel Investor, Coinbase, Crypto, Cryptocurrencies, Investing, IPOs, Money, Silicon Valley, Stocks, Tech, Venture Capital+
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NBA Top Shot’s popularity is exploding. Users pay to own an iconic basketball image or video clip, such as Lebron James dunking on someone (plenty of those choose from!). Their ownership is recorded on the blockchain in what’s called a Non-Fungible Token (NFT). NBA Top Shot is a creation of…
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+ Basketball, Blockchain, Crypto, Cryptocurrencies, Cryptocurrency, Dapper Labs, Entrepreneur, NBA, NFT, NFTs, Startups, Venture Capital, YouTUbe+
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Reopened restaurants are finding it increasingly difficult to find workers: Capacity restrictions and distancing requirements have drastically cut wages for workers like servers, who rely on tips to make up for an hourly wage at or near the federal tipped minimum of $2.13 in many parts of the country, prompting…
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+ Business+ Coronavirus, COVID, Employees, Employers, Essential Workers, Pandemic, Restaurants, Servers, Waiters, Work+
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Melvin Capital, the hedge fund that dug itself into a hole during the GameStop saga, extended its first-quarter losses to 49%. The firm, founded by portfolio manager Gabe Plotkin, saw a 53% decline in January, reversed some of that loss by gaining 22% in February, but slid another 7% in…
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+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
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GameStop plans to fire its CEO, Reuters reports: GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at…
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Social-media trading star Keith Gill, known by his social-media nickname Roaring Kitty posted what is believed to be a screenshot of his trading portfolio to Reddit Wednesday afternoon that may show a massive position in videogame retailer GameStop Inc. made up of almost $19 million in equity and $8.9 million…
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+ Business+ Gamestop, GME, Hedge funds, Investing, Meme stocks, Michael Jordan, Money, NBA, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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As the Biden administration pushes for a $2 trillion infrastructure bill, I dug into some numbers on federal research funding today. Most basic scientific research is funded by the federal government, including the critical advances in mRNA technologies that laid the groundwork for COVID vaccines. But this funding has fallen…
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On the southern tip of Spain, the tiny UK territory of Gibraltar has vaccinated almost its entire population. COVID deaths have dropped to zero: Life is beginning to get back to normal. Masks are no longer required outside, curfews are gone, and bars and restaurants are full. Even sporting events…
Tremendous 