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Jack Dorsey Says Conservative Employees at Twitter 'Don't Feel Safe to Express Their Opinions'
Silicon Valley has been coming under a lot of heat lately from Republicans - including President Trump - who have accused Big Tech of  political bias, alleging that some of the biggest social media companies are trying to silence conservative voices. Having recently just testified before the House Committee on Energy and Commerce about the potential for meddling in the
Blockchain is Changing Insurance Markets Inside and Out
All around the world, and throughout almost every industry, analysts have been puzzling over how the cryptocurrency revolution could eventually come to shape their businesses. That's an important area of investigation, but it also reflects the fact that the wider world may be missing the point. In reality, it is not cryptocurrencies that stand to turn the business world on
Crescat Capital: China 'the Mother of All Credit Bubbles' Is Bursting
Crescat Capital Q2 letter to investors on the China credit bubble and why its a good short. Our current three best macro ideas today are complementary plays on the unwinding of currency and financial asset bubbles at a likely peak of a global capital cycle, the most leveraged in history: Shorting US stocks at proven, historic-high valuations relative to underlying fundamentals
Learnings from Lehman Brothers
September 15, 2008, is a day that I will never forget. I was working for the Federal Reserve at that time, based in Chicago. My office phone rang early that morning: it was my counterpart at the Fed in New York. “Lehman Brothers has filed for bankruptcy and all hell is breaking loose,” I remember him saying. “Can you get
Mary Meeker Will Leave Kleiner Perkins to Launch Her Own Investment Fund
Here's a stunning shakeup in the venture capital world: Mary Meeker, arguably the most high-profile investor at Kleiner Perkins, is leaving the storied VC firm later this year to launch her own investment fund, as first reported by Recode, Meeker, who publishes the annual must-read Internet Trends Report, will spin out to form an independent investment firm, joined by the
Crypto's Plunge is Now Worse Than the Dot-Com Crash
With apologies to Shakespeare: We come here neither to bury cryptocurrencies, nor to praise them, but to just be brutally honest about how things fare right now with our beloved digital coins. Alas, things do not fare well at the moment my friends, countrymen and Romans (if you happen to be Roman). We already mentioned how last week was a
Jeff Bezos and His Wife Launch $2B Fund to Aid Homeless and Low-Income Families
Amazon Founder and Chief Executive Jeff Bezos and his wife Mackenzie have launched a $2 billion fund to aid homeless families and build nonprofit preschools in low-income neighborhoods. Called the Bezos Day One Fund, the initiative will focus on these two priorities by "funding existing non-profits that help homeless families, and creating a network of new, non-profit, tier-one preschools in
Peter Thiel Says College Has 'Brainwashed' Silicon Valley
Peter Thiel is many things: The co-founder, with Elon Musk, of PayPal; an unabashed supporter of President Trump; a strident libertarian; and one of Silicon Valley's most famous defectors, who left Norther California for Los Angeles earlier this year because of what he considers "the intolerant, left-leaning politics of the San Francisco Bay Area." But rather than ride off into
2018 Hong Kong Fintech Week Slated to Be World’s First Cross-Border Fintech Conference
Hong Kong Fintech Week is right around the corner, and apparently, Hong Kong will be taking things all the way up to 11. After wowing an over 4,000-strong crowd of international investors, regulators, and fintech enthusiasts in Hong Kong last year, Hong Kong Fintech Week is set to outdo itself this year by becoming the world’s first cross-border fintech event.
Apple Debuts Larger, Faster iPhone Xs and Massive iPhone Xs Max
Apple took the wraps off a couple of new iPhones fashioned after last year’s iPhone X–the 5.8-inch iPhone Xs and the 6.5-inch iPhone Xs Max. The iPhone Max is the biggest iPhone ever made. The two new phones both have stainless steel rounded edges, an OLED display that takes up almost the whole front of the phone, and a notch at