Tag: Stocks
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“This is war. In a war between missionaries and mercenaries, the missionaries always win.” Brian Chesky Today, Airbnb is one of the most successful tech companies in the world. Its listings span the globe. Its market cap is over $90 billion. But back in 2011, Airbnb almost died. The assailant:…
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+ Airbnb, Entepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
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“He was a nobody.” Peter Thiel didn’t stand out amongst the horde of bankers at Credit Suisse. But somehow, this unlikely man became a tech icon worth $8.6 billion. “The best entrepreneurs know this: every great business is built around a secret that’s hidden from the outside.” Peter Thiel, Zero…
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+ Finance, Investing, Money, Politics, Silicon Valley, Startups, Stocks, Tech, Thiel, Venture Capital+
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One of the most anticipated hedge fund launches of recent years has turned into a disaster. Two Citadel traders have lost approximately $300 million this year. From a new report in Bloomberg: Europe’s biggest hedge fund startup in 2021, founded by two former Citadel money managers Niall O’Keeffe and Tio…
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“There’s no line of code that says ‘slow down for speed bumps.’ So it’s doing this based entirely on video training.” Elon Musk A New Kind of AI On Friday, Elon Musk demoed FSD 12, Tesla’s latest self driving software. Watching the demo is at turns nervewracking and exhilarating. Tesla’s…
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“What’s your ratio of good investments to bad investments?” a friend asked me recently. It was a darn good question — so I dug into my secret spreadsheet to find out. Most startup investments don’t work out. But how many losses does it take to find a winner? Let’s dig…
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Billionaire investor Carl Icahn took a massive loss Friday as his company, Icahn Enterprises (IEP), slashed its dividend by half. From a new report in Forbes: Shares of Icahn Enterprises plunged 25% Friday morning after Carl Icahn’s firm cut its quarterly distribution in half, leading to a $1.7 billion drop…
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We are in the worst venture market in ten years, according to a new report from AngelList and Brex. Despite a strong NASDAQ, it’s harder to raise a round, get a markup, or reach an exit than at any point since 2013. From the report: Dating back to 2013, 2Q23…
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For many people, college is the most memorable time of their lives. Is Adam Neumann about to re-create it for adults? From a new report in Fortune: Neumann emerged on stage yesterday in a suit, rather than a T-shirt, I’ll note, and told us that the noncompete and nonsolicit agreements…
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+ Entrepreneur, Finance, Investing, Money, Real estate, Startups, Stock Market, Stocks, Tech, Venture Capital+
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FBI agents raided the homes of prominent short sellers last year. Now, criminal charges may be imminent. From a new report in Bloomberg: Anxiety over the Justice Department’s investigation intensified several weeks ago when the head of its market integrity and major frauds unit predicted at a legal conference that…
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The hedge fund industry manages $5 trillion dollars. That money is managed so poorly you could do better throwing darts at a board. From a Financial Times report out over the holiday weekend: Using backtested data for the HFRI 500, hedge funds continue to be a clear laggard on a…
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