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From Keith Rabois to Matt Miller, a lot of VCs have switched firms or spun out of storied VC institutions this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level. VC funds have…
“‘Big Short’ investor Michael Burry warns ‘another inflation spike’ is coming” Hedge fund wizard Michael Burry kicked off the new year with another dire prediction about the US economy, warning this week that a recession is already underway and another spike in inflation is likely in the near future. Burry, the CEO of Scion Asset…
“Michael Burry deletes Twitter account after Elon Musk ‘trust’” Famed hedge fund boss Michael Burry appears to have deleted his Twitter account this week, just hours after he praised Elon Musk’s leadership of the revamped social media site. The @michaeljburry Twitter handle displayed a message that read “this account doesn’t exist” as of early Friday…
“Tesla investors frustrated with Elon Musk over Twitter chaos” Tesla investors are growing frustrated as Elon Musk devotes more of his time and energy toward his overhaul at Twitter, even as the electric vehicle firm’s stock prices tanks. Tesla’s stock has fallen nearly 60% this year as Musk’s Twitter takeover prompted months of legal drama,…
“Abandon cryptocurrency, CNBC’s Jim Cramer tells investors” CNBC personality Jim Cramer told investors to dump their cryptocurrency investments during a scathing segment in the wake of FTX’s catastrophic bankruptcy. Cramer, a frequent critic of the cryptocurrency sector, likened current conditions within the cryptocurrency sector to those investors experienced when the dotcom bubble burst in 2000….
“Florida yanks $2B from ‘woke’ BlackRock over ‘social-engineering’” Florida said Thursday it has begun to divest $2 billion in funds overseen by BlackRock — a sharp rebuke of the giant asset manager’s investing policies under CEO Larry Fink that right-leaning critics have blasted as “woke capitalism.” The divestment under Gov. Ron DeSantis – the largest…
“How to save America from another fraudster like Elizabeth Holmes” The final — or maybe penultimate — chapter of one of the most remarkable stories of investigative journalism and corporate fraud in recent memory has closed. Elizabeth Holmes, founder and former CEO of Theranos, was sentenced Friday to just over 11 years in prison for…
“Orlando Bravo told investors he was ‘shocked’ by FTX losses: source” Orlando Bravo — the head of one of the US’s biggest tech investment firms — apparently felt he had some explaining to do this week. The Miami-based billionaire’s firm Thoma Bravo reportedly lost $130 million on an ill-fated investment in FTX, the crypto exchange…
“Larry David ‘right’ about FTX collapse in old Super Bowl commercial” “Curb Your Enthusiasm” star Larry David’s appearance in a commercial for the embattled cryptocurrency exchange FTX is going viral Thursday – with social media users pointing out the comedian’s skeptical stance in the ad was right all along. The ad, which aired during the…
“Elon Musk spotted in NYC heading into Wall Street conference” Twitter boss Elon Musk was photographed in the parking garage at New York City’s Lincoln Center on Friday ahead of his expected appearance at the Baron Investment Conference. Musk was pictured hurrying into the venue through a side door. He is slated to be interviewed…