Author: tremendousblog
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Credit Suisse keeps getting smacked. Let’s review a few of their recent scandals: $4.7 billion charge for losses in trades with Archegos Capital Management, the imploding hedge fund $1.5 billion loss likely in dealings with collapsed supply chain finance company Greensill Capital, just three weeks prior Bonus scandal: Former CEO…
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+ Business+ Archegos, Bankruptcy, Banks, Credit Suisse, Finance, Financial markets, Greensill, Investing, Stock Market, Stocks, Wall street+
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For nearly two hundred years, Newton’s laws of motion worked pretty well. Then, a French scientist named Urbain Le Verrier came along and messed it all up. He calculated Mercury’s orbit using Newton’s laws and waited until it orbited the sun again in 1848, awaiting confirmation of his calculations. Mercury…
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I listened to a fascinating podcast this morning in which Jason Calacanis, an early investor in companies including Uber and Calm, broke down how to measure startup success. The key metrics depend on what kind of company you’re looking at: Consumer companies: Of the biggest users, how many are retained?…
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+ Angel Investing, Angel Investor, Entrepreneur, Investing, Silicon Valley, Software, Startups, Tech, VC, Venture Capital+
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Microsoft Corp. and U.S. government officials are still working to understand how a network of suspected Chinese hacking groups carried out an unusually indiscriminate and far-reaching cyberattack on Microsoft email software, more than a month after the discovery of an operation that rendered hundreds of thousands of small businesses, schools…
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I came across in incredible stat today. Apartments are banned in 76% of San Francisco. It’s no wonder that it’s the most expensive city in the United States. In fact, given increasingly restrictive zoning, 54% of the homes in San Francisco could not be built today! The picture in New…
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CEO Adam Aron told FOX Business Network’s “The Claman Countdown” Monday that the company has asked its shareholders to approve up to 500 million shares, even though there is no intention of using them all at this time. Aron insists he doesn’t plan to issue them all at once: And…
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Fidelity Investments, Square Inc. SQ +1.30% and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. The Crypto Council for Innovation will lobby policy makers, take up research projects and serve as the burgeoning industry’s voice in…
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+ Bitcoin, Blockchain, BTC, Coinbase, Crypto, Cryptocurrencies, Cryptocurrency, Ethereum, Fidelity, Square+
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On average there are 7x the number of billion dollar exits now than a decade ago. This was Eric Feng writing in September 2018. Since then, this staggering increase in startups hitting that magic “unicorn” $1 billion valuation has only accelerated. Data indicates the number of unicorns has nearly doubled…
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A Palantir Technologies Inc. shareholder sued Peter Thiel and its other two founders in Delaware Chancery Court on Thursday, claiming they made themselves “corporate emperor for life” through charter provisions that make investor votes “magically appear and disappear” on demand. “The founders decided to completely untether voting power from equity…
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+ Business+ Investing, Meme stocks, Palantir, PLTR, Reddit, Software, Stock Market, Stocks, Tech, Wallstreetbets+
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Well, it’s here: GameStop Corp. GME -3.90% said it could raise hundreds of millions of dollars from stock sales in the coming months, as the videogame retailer turns to public markets to help support its turnaround plan. The company said Monday that it would sell up to 3.5 million shares,…
Tremendous 