Category: Business
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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,…
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You walk into the room, palms sweating. You go over your script in your head. You pray to God your computer doesn’t crash. Eyeing you skeptically are a bunch of grey haired money guys. Don’t screw this up. At the very least, that may be how the public imagines the…
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+ Angel Investor, Finance, Invest, Investing, Programming, SaaS, Silicon Valley, Software, Startup, Startups, Tech, VC, Venture Capital+
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Archegos Capital Management, run by Bill Hwang, is imploding, racking up losses at a record pace: Mr. Hwang alone lost approximately $8 billion in 10 days, a person familiar with the matter said, in what traders and investors say was one of the fastest losses of such a large sum…
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+ Business+ Archegos, Banks, Family offices, Finance, Financial markets, Hedge funds, Invest, Investing, Stocks, Wall street+
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Was the cure for cancer invented in a university, only to be shelved for a lack of funding? University labs are creating incredible drugs on a regular basis. Unfortunately, most will never get to the patients that need them so desperately. This is the conclusion of an intriguing book I…
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The co-founders of lab testing startup uBiome are under indictment for fraud and are currently on the run. Listening to a podcast about uBiome this morning, the parallels between it and Theranos struck me as uncanny: The two co-founders were romantically involved, just as Theranos CEO Elizabeth Holmes was with…
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I had the privilege of watching 7 excellent startups present at The Syndicate’s Remote Demo Day. All are seeking early stage funding for their company from the investment group, which I’m a part of. I came away from the meeting amazed at the quality of companies out there now. While…
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Stimulus checks for $1,400 went out this month to most Americans. I found myself wondering today, did they save it, invest it, or just blow it? Data indicates that the biggest use of stimulus funds has been to pay down debt. A Census Bureau survey found 52% of people mostly…
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Tremendous 