The US DOJ compares Apple's 2023 $77B buyback program to spending half as much on R&D, emphasizing an insulation from rivals and a lack of incentive to innovate
“In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D. Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes...
Reddit closed up 48%, at $50.44/share, in its NYSE debut, valuing the company at ~$9.5B on a fully diluted basis, just shy of its $10B valuation in August 2021
even for y'all. Rat King / @mikeisaac : apparently Reddit's IPO included the first bell-ringing carried out by a “non-human entity” — in this case, the alien Snoo [image] Trevor Scott / @tidefallcapit...
Sources: cloud data management startup Rubrik plans an US IPO as early as April 2024, amid a DOJ fraud investigation into one of its former employees
Reuters : X: @readkrystalhu X: Krystal Hu / @readkrystalhu : Rubrik, the data security company that was last valued at $4 billion in 2021, just celebrated its 10th birthday and is looking to flip its...
A look at Katie Haun's $1.5B crypto fund, launched in spring 2022 just before the crypto crash, which has now deployed ~30% of its cash to ~24 startups
On a sunny morning in April, Katie Haun trudged up a winding path around the Stanford Dish in the hills over Palo Alto. Twitter: @leomschwartz Twitter: Leo Schwartz / @leomschwartz : In March 2022, DO...
Robinhood plans to buy up to 55M shares, or 7%+ of the company's outstanding shares, that Sam Bankman-Fried bought in 2022 and the US DOJ seized in January 2023
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy
and Themselves” Now he has become a doormat apparently. https://twitter.com/... Cas Piancey / @caspiancey : Remember when the FDIC forced Brett Harrison, former CEO of FTX US, to delete a tweet claimi...
Bitcoin hit its lowest level in more than a year on Monday, falling under $5,000, with the entire cryptocurrency market cap losing roughly $40B in the past week
THE PRICE OF bitcoin … Oliver Staley / Quartz : It's going to be a miserable Thanksgiving for crypto enthusiasts Aaron Mak / Slate : Why Has Bitcoin's Price Fallen So Sharply This Week? Mitchell Moos ...
Bitcoin hit its lowest level in more than a year on Monday, falling under $5,000, with the entire cryptocurrency market cap losing roughly $40B in the past week
THE PRICE OF bitcoin … Samuel Potter / Bloomberg : No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,500 Huw Jones / Reuters : Bitcoin slump takes pressure off Britain's regulators Samantha C...