Category: Business
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In the birthplace of baseball and Frank Sinatra, on a quiet street near the waterfront, lie the offices of one of the hottest tech companies in the world: Attentive. We’re used to thinking of the tech startup scene as confined to the Bay Area. Maybe a few in New York…
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+ Angel Investing, Garden State, Hudson County, New Jersey, NJ, NYC, Startup, Startups, Tech, VC, Venture Capital+
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It’s not just about the Bay Area anymore. Indian startups have raised venture funding at a record pace this year, on track to double from 2020: Startups raised total investments of $7.8 billion in the first four months of this calendar year, which is almost 70% of the overall corpus…
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+ Angel, Angel Investing, Angel Investor, Asia, India, Investing, Software, Startup, Startups, Technology, VC, Venture Capital+
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There have been a lot of winners in GameStop’s dizzying, over tenfold rise in the last year. An unlikely one is the Mormon Church, which made over $8 million on GameStop shares through its investment arm: The Church of Jesus Christ of Latter-day Saints’ play for stock in GameStop paid…
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+ Business+ Gamestop, GME, Invest, Investing, LDS, Meme stocks, Money, Mormon, Personal finance, Stock Market, Stocks, Utah+
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It’s no secret that GameStop shares have gone vertical, up more than ten fold this year. Besides making millionaires of a lot of Redditors, this also lets GameStop sell more shares at high prices, enabling them to raise capital with ease. And raise they did, to the tune of $550…
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+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Bitcoin is often referred to as digital gold. Unlike fiat money such as the US dollar, its supply expands at a slow, steady rate. The Federal Reserve has printed so much money during the COVID crisis that money supply is up over 25%. This has led to fears of inflation.…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Economy, Federal Reserve, Finance, Inflation, Money, Personal finance+
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Ah, Switzerland. Home of fine chocolate, discreet bankers and pharma giants. It’s one of the richest countries on earth per capita, and home to world-leading companies like Nestle and Novartis. But this entire nation of nearly 9 million people with a history going back to the year 1300 has a…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Ethereum, Finance, Financial markets, Italy, Switzerland+
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Palantir released its earnings for the first quarter of 2021 today, and it’s not looking good. This 18 year old company that has never made a profit turned in a net loss of $123 million, versus $54 million in the first quarter of 2020. This is actually a little better…
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+ Finance, Investing, Meme stocks, Money, Palantir, Palantir Technologies, PLTR, Reddit, SaaS, Software, Stock Market, Stocks, Tech, Wallstreetbets+
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Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public. More here. This company is losing $100 million a month and has never turned a profit in 18 years of existence. I know, I know, Amazon.…
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+ Finance, Meme stocks, Palantir, Peter Thiel, PLTR, Reddit, Stock Market, Stocks, Tech, Tech stocks, Wallstreetbets+
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A new survey finds that young black Americans now invest in stocks at the same rate as whites: In a year like no other, however, there is also evidence of growing engagement in the stock market by younger Black Americans, with 63 percent under the age of 40 now participating…
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+ Business+ African Americans, Day trading, Finance, Invest, Investing, Money, Personal finance, Robinhood, Stock Market, Stocks, Webull+
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Tremendous 