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Unicorns Jump The Shark: WeWork IPO In Danger of being Shelved
For some reason the investing public seems to be giving the WeWork IPO a suboptimal reception. After multiple reductions in the IPO sticker price, from 40B down to 20B and now perhaps even less, the...
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VentureCrapital initiates coverage on $TSLAQ
I had all but mothballed this project because, frankly, I was neglecting it. But lately I’ve been feeling like some kind of inflection point has been reached. When multiple unicorns are underwater or...
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Bloomberg: WeWork floats “governance change” to salvage IPO
As per Bloomberg: WeWork desperately scrambles to salvage an IPO being spurned by the investing public by floating a “governance shakeup” although any reforms would still leave Neumann with total...
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Pley, that hot start-up that rented Legos by the month inexplicably failed.
So yeah, I decided with WeWork and $TSLAQ and assorted unicorn b.s (like TIL that Softbank put $300M into a dog walking app can you believe that?) even though I’m busy with normal things, I am...
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Tesla to lay off up to half of sales and delivery staff
CNBC reported Friday that Tesla will be laying off up to half of it’s sales and delivery staff, this comes on the heels of other layoffs reported earlier in the week. Salaried employees are looking at...
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AirBnB Pivots to “Virtual Experiences”, Lands $1 Billion Down Round
AirBnB, the tech unicorn that monetizes your spare room has been hit hard by the Coronavirus academic. As the company and the phenomenon grew, more and more “investors” levered up to buy more...
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Siri: What is a “Unicorn circle jerk”?
Carta, a unicorn that makes dashboards for managing equity investments in other unicorns is laying off staff and sniffing out a cash injection from existing backers. Bloomberg reports that the company...
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Thematic next-wave portfolio constructor Motif goes bust
Motif trading platform, which claimed to use data driven methodologies to enable the creation of thematic and “next-wave” portfolios (translation: they grep 10Q’s for keywords) has rather abruptly...
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Memo to Robinhood traders: “Bankruptcy” usually means the equity gets wiped out
Quick primer on how it works, given Hertz is about to pull the world’s first Initial Bankruptcy Offering: The senior debt holders are first in line Subordinated debt holders are next in line...
View ArticleFraud prevention startup NS8 implodes as SEC investigates them for…. fraud
“We’re just, a sign of the times We’re just, a sign of the times We’re just, a sign of the times We’re just, a sign of the times” — Quiet Riot, Sign of the Times It can’t get much more 2020 than...
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