Tag: Stock Market
-
+
+
+
+
+
+
WeWork filed for bankruptcy last night as the weak office market led to huge losses. From Bloomberg: WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company —…
+
+
+
+
+
+
+ CRE, Finance, Investing, Money, NYC, Real estate, Startups, Stock Market, Stocks, Tech, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
“Bill Gurley needed to get in on this deal. Over his decade-plus of venture investing, Gurley had watched enough startups succeed and fail to know that this one — Uber, ‘everyone’s private driver’ — was special.” Super Pumped Winning the Deal In 2010, Bill Gurley was already a one of…
+
+
+
+
+
+
+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
A Goldman Sachs banker is headed to federal prison after being found guilty of insider trading. Brijesh Goel was convicted in federal court in Manhattan yesterday and sentenced to three years behind bars. The Squash Court Conspiracy The scheme played out at the tony New York Health and Racquet Club…
-
+
+
+
+
+
+
Travis Kalanick’s first company got him sued for $250 billion. Most people would’ve given up after that. But Kalanick didn’t. Super Pumped by Mike Isaac recounts Kalanick’s amazing story, all the way from his first company, Scour, to Uber. A Born Salesman Kalanick was a born salesman. Even as a…
+
+
+
+
+
+
+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
It should have been rock solid. But a rogue trader at Two Sigma, a $60 billion hedge fund, has caused $170 million in investor losses. Two Sigma is now under SEC investigation. From The Wall Street Journal: A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without…
-
It should’ve been the trade of a lifetime. Instead, Carl Icahn’s bet against shopping malls has cost him $742 million — and counting. The Big Short 2.0 Reporters called it the Big Short 2.0. In 2019, the hedge fund billionaire placed a massive bet that the growth of e-commerce would…
-
+
+
+
+
+
+
Hedge fund Pelham Capital is in hot water. The London-based giant has lost almost 80% of its assets after years of poor returns. From a report out overnight in The Financial Times: Pelham Capital, once one of the biggest names in London’s equity hedge fund sector, has lost more than…
-
+
+
+
+
+
+
“In early 2000 when the market melted down, we had seven months of runway left and no revenue.” Roelof Botha That’s Roelof Botha, Senior Steward of Sequoia Capital. In a revealing new interview with Bloomberg, Botha digs into the toughest times at Paypal and why great companies are built in…
+
+
+
+
+
+
+ Finance, Investing, Money, Paypal, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
“On the screen before her was a figure she had never seen before, at least not on an ATM…$45 million, newly deposited in their joint account. It was Pellegrini’s bonus for the year….” Paolo Pellegrini’s wife Henrietta could hardly believe their good fortune. A few short years ago, Paolo had…
+
+
+
+
+
+
+ Billionaires, Finance, Hedge funds, Investing, Money, Reading, Real estate, Stock Market, Stocks, Wall street+
+
+
+
+
+
+
+
+
+
+
+
-
I can invest in the next Uber. You probably can’t. But thanks to a new bill in Congress, that may be about to change. From a new report in Barron’s: The Equal Opportunity for All Investors Act, a bipartisan bill passed by the U.S. House of Representatives in May, could…
+
+
+
+
+
+
+ Finance, Government, Investing, Money, Politics, Startups, Stock Market, Stocks, Tech, Venture Capital, Washington+
+
+
+
+
+
+
+
+
+
+
+
Tremendous 