Having worked in the banking sector and having seen up-close how tightly regulated the industry is, I’m somewhat surprised that this sort of thing can happen at a retail bank. On Friday, Roku, the TV streaming company, said in a filing that roughly $487 million of its $1.9 billion in cash was tied up with… Read More Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times
I cannot restrain myself – I must share this! In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc (TSLA.O) and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble. I love a good… Read More Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters
You don’t hear much about the Teamsters union these days. If you do, it’s likely more about pension fund insolvency. Or one of Scorsese’s gangster flicks. Such news begs to ask, “Is organized labor trying to make a comeback?” And, if so, “What chance does it have of success?” Union members vote to create a… Read More Teamsters to create “Amazon Division”
Player Two has tagged in! Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission. How interesting! He threw in an… Read More Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla
#nottheonion Comcast to enforce 1.2TB data cap in entire 39-state territory in early 2021 — Read on arstechnica.com/information-technology/2020/11/comcasts-data-cap-finally-goes-nationwide-in-expansion-to-12-more-states/
German public broadcaster Hessischer Rundfunk reports that police and prosecutors are searching the headquarters of Deutsche Bank in Frankfurt in connection — Read on http://www.latimes.com/sns-bc-eu–germany-deutsche-bank-20181129-story.html
Bird sued the city of Beverly Hills on Thursday, seeking to overturn a six-month ban on rental scooters that the local city council approved in July. — Read on http://www.latimes.com/local/lanow/la-me-ln-bird-beverly-hills-20181101-story.html
The revolt of the non-voting shareholders. Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals. — Read on http://www.reuters.com/article/us-facebook-shareholders/facebook-shareholders-back-proposal-to-remove-zuckerberg-as-chairman-idUSKCN1MR2GY
I know how Snap can save $500 million per year: his name is Evan Spiegel. The CEO famously rejected stock options comp for a ridiculous annual salary of one half a billion USD. Snap Inc. stock slid more than 5% on Tuesday morning after an analyst said the Santa Monica company behind the Snapchat video-messaging… Read More Snap is ‘quickly running out of money’
QuantumTom 