A profile of StubHub CEO Eric Baker, who, according to the company's S-1, holds 5.2% of Class A shares but controls over 90% of the votes through Class B shares
This time it isn't concert tickets Eric Baker is selling. It's shares of StubHub Holdings Inc., the company he co-founded and has owned on and off for a quarter century.
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023
Secondary Ticketing Sales Up 29% in 2024 Bill Peters / MarketWatch : Referenced Symbols — Ticket-resale platform StubHub on Friday said it had filed … Los Angeles Times : Ticket ...
CoreWeave's S-1 reveals its three co-founders own less than 3% of Class A shares after cashing out ~$488M, but still control ~80% of votes via Class B shares
Julie Bort / TechCrunch : Bluesky: @kellblog , @quinnypig.com , and @silversalty Bluesky: Dave Kellogg / @kellblog : Uh, I think that's bad for corporate governance Corey Quinn / ...
Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases
US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve “just a few minutes ago,” says crypto tsar David Sacks.
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
LPs are often invested in multiple firms which hold the same company and have an 🦅👀 into this Dave Kellogg / @kellblog : Hunker, baby, hunker [embedded post] LinkedIn: Katie Roof :...
The website of President Trump's World Liberty Financial shows the crypto project sold 24B+ of its 25B WLFI tokens after a slow start, implying $1.25B in sales
We're a long way from Jimmy Carter putting his peanut farm in a blind trust on becoming president to avoid conflict of interest.
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects. Bluesky: @kellblog and @katieroof LinkedIn: K...
White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something”
Non-fungible tokens and memecoins are neither securities nor commodities, according to White House crypto czar David Sacks.
FEC filing: Elon Musk poured at least $274M into US political groups in 2024, including $238.5M for his America PAC, making him the biggest US political donor
- Musk gave at least $274 million to elect Trump, GOP allies — Trump has tapped Musk to help reshape federal bureaucracy
Marc Andreessen and Ben Horowitz say Trump is the right choice for “Little Tech”; sources say they plan to make large donations to PACs supporting his campaign
People in crypto should not choose political allegiances based on who claims to be “pro-crypto”, as such politicians might go against crypto's underlying goals
Over the last couple of years, “crypto” has become an increasingly important topic in political policy …
On their podcast, Marc Andreessen and Ben Horowitz explain why they are backing Trump, say Trump is pro-crypto, Biden's overregulation harms startups, and more
Marc Andreessen, the co-founder of one of the most prominent venture capital firms in Silicon Valley, says he's been a Democrat most of his life.
Marc Andreessen and Ben Horowitz say Trump is the right choice for “Little Tech”; sources say they plan to make large donations to PACs supporting his campaign
Venture capital bigwigs Marc Andreessen and Ben Horowitz have told staff at Andreessen Horowitz that they plan …
A typo in Lyft's Q4 release mistakenly forecast a 500 BPS of EBITDA margin improvement for 2024, causing a stock surge, before the error was corrected to 50 BPS
- Lyft mistakenly forecast 500 basis points of margin improvement for 2024, causing a stock surge.
Lyft reports Q4 revenue up 4% YoY to $1.2B, net loss of $26.3M, vs. $588.1M YoY, active riders up 10% to 22.4M, and Q1 forecast above est.; LYFT jumps 10%+
Antonia Mufarech / Bloomberg :
A profile of Joe Kiani, whose company Masimo spent ~$100M suing Apple, as some say his aggressive use of the US patent system stymies the innovation of others
Joe Kiani has taken on Apple in a patent dispute that has cost his company millions of dollars to pursue. So far he is winning, but the fight isn't over.
A profile of Joe Kiani, whose company Masimo spent ~$100M suing Apple, as some say his aggressive use of the US patent system stymies the innovation of others
Joe Kiani has taken on Apple in a patent dispute that has cost his company millions of dollars to pursue. So far he is winning, but the fight isn't over.
Elon Musk names ex-NBCUniversal ad chief Linda Yaccarino as Twitter's CEO, to focus on business operations; Musk will focus on “product design & new technology”
- Former NBCUniversal advertising chief Linda Yaccarino will be Twitter's next CEO.
In a hearing with US lawmakers, ex-SolarWinds CEO blamed an intern for the “solarwinds123” password leak discovered in 2019 that had exposed a SolarWinds server
FireEye CEO on how the SolarWinds hack was discovered — Washington (CNN)Current and former top executives …