Category: Capital

Capital, Finance Tech

Former Apple, Microsoft, Intel, and Square Security Leader Window Snyder Secures $2.5 Million Seed Investment to Launch Security Company Thistle Technologies

April 22, 2021

Via: Markets Insider

Thistle Technologies, a new security company addressing the connected device market, today announced $2.5 million in seed funding from True Ventures. Thistle was founded by Window Snyder, who formerly served as chief security officer at Square, Mozilla, and Fastly, in […]

Capital, Finance Tech, Liquidity

SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead

March 19, 2021


It took the SPAC market just three months to outdo its record-breaking 2020, but sustaining that level of jaw-dropping growth will be no easy task. The funds raised via U.S. special purpose acquisition companies have totaled $87.9 billion so far […]

Capital, Finance Tech

Bill Ackman, an early Coupang investor, donates his more than $1 billion stake to charity

March 15, 2021


Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge […]

Capital, Finance Tech, Trading

Billionaire investor Ron Baron’s firm sold 1.8 million Tesla shares despite saying price will hit $2,000

March 4, 2021


Billionaire investor Ron Baron sold 1.8 million shares of Tesla for clients since August despite believing the stock will increase to $2,000 over the next 10 years. Baron, a longstanding Tesla shareholder, told CNBC’s “Squawk Box” on Thursday that his […]

Capital, Finance Tech

Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock’s surge

March 3, 2021


Tuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 […]

Capital, Finance Tech, Liquidity

The wealthy are borrowing billions against their art collections and lenders are reselling the debt

February 25, 2021


More and more wealthy art collectors are cashing in on low interest rates to borrow against their Picassos and Basquiats, adding to risks of a leveraged boom and bust in the art market. The Fine Art Group, an art advisory […]

Capital, Finance Tech

Elon Musk is no longer the world’s richest person after losing $15bn

February 24, 2021

Via: Sky News

The 49-year-old business magnate has now fallen to second place on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4bn (£129bn) – a significant drop from a peak of $210bn (£148bn) in January. […]

Capital, Finance Tech

Why ‘tax the rich’ policies may make sense in a K-shaped economy

January 26, 2021


“Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom […]

Capital, Finance Tech, Financial Services, Industries

Jefferies Climbs on Fourth-Quarter Profit Surge

January 5, 2021

Via: TheStreet

Jefferies Financial Group (JEF) – Get Report shares rose on Tuesday after the financial-services company reported a 79% surge in fourth-quarter net income per share and boosted its stock-buyback plans. Shares of the New York investment bank at last check […]

Capital, Enterprise, Finance Tech, Industries

Fiat Chrysler, Peugeot shareholders vote on merger

January 4, 2021

Via: ABC News

The marriage of carmakers PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in […]