Category: Business
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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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As a teenager, Kamil Sattar knew he wanted to work in business. But he dropped out of his college’s business program during his second year when he said he realized, “I wasn’t actually learning how to do business. I was learning how to work for someone else’s business and make…
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+ Business+ Drop shipping, E-commerce, Entrepreneur, Internet, Online store, Retail, Shopify, Small Business, Software+
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Brokers are selling over $30 billion worth of positions in imploding hedge fund Archegos Capital Management, shaking markets. Wall Street does not know exactly how many positions the fund holds for two reasons: It is very lightly regulated because it’s organized as a “family office,” rather than a typical hedge…
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As the Suez Canal, chokepoint for 15% of world shipping, was cleared today, I thought of another time it was blocked. Not for a week, but for 8 years. Following the Six Day War in 1967 between Egypt and Israel, Egypt blocked the canal to prevent Israel from using it.…
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Ten billion dollar hedge fund Archegos Capital Management is imploding, causing banks to frantically sell its portfolio to stem further losses: One mystery in a dramatic year on Wall Street has been the identity of a trader whose persistent purchases have sent shares in ViacomCBS Inc., Discovery Inc. and a…
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Palantir Technologies, Inc. CEO Alex Karp had some sharp words for Wall Street recently: “We told the Wall Streeters that we will focus on building the long-term health of our company, that we are going to invest in our product development and in our clients, and you just have to…
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+ Business+ Day trading, Finance, Investing, Palantir, Peter Thiel, Stock Market, Stocks, Tech, Wallstreetbets+
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GameStop’s 2020 results, released this week, were disappointing, with losses over $200 million last year. These weak results may be the best GameStop is likely to do for some time. The reason is something called the “video game console cycle.” Video game consoles are a huge part of GameStop’s business,…
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+ Business+ Finance, Gamestop, GME, Investing, Reddit, Stock Market, Stocks, Tech, Video games, Wallstreetbets+
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It’s no secret that GameStop shares are way up this year, despite recent struggles: This could be an opportune time for the company to sell more shares to fund its transformation from a brick-and-mortar to a digital business. Indeed, the company hints at this in their latest annual report, just…
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+ Business+ Day trading, Finance, Gamestop, GME, Investing, Meme stocks, Reddit, Stock Market, Stocks, Wallstreetbets+
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Tremendous 