Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Bloomberg | Bloomberg | Getty Images Four of investors’ top five favorite destinations are in Europe, according to the Milken Institute’s Global Opportunity Index (GOI) report. Denmark topped this year’s rankings, scoring first on business perception, a measure of the … Read more
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Equity turns 7 years old this week, so in honor of its birthday, drop us a review? More reviews helps more folks discover the show, and … Read more
A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | Getty Images Global markets hit record highs this week as the frenzy around artificial intelligence boosted risk sentiment and hopes of a return to economic … Read more
The “Bobs” from the film Office Space Source: 20th Century Fox | YouTube Listening to Warner Bros. Discovery Chief Executive Officer David Zaslav speak on Friday’s fourth-quarter earnings calls, I couldn’t help but think of a scene in the movie “Office Space.” An employee named Tom meets with two consultants, both named Bob (together, The … Read more
The global venture capital market is enduring a long period of limited exits. Startups are staying private longer, M&A is quiet in part due to sharpened regulatory oversight, and the IPO market remains frozen. This means many historical venture deals are slowly rotting on the vine, in IRR terms. The crypto market is no different, … Read more
It’s a truth universally acknowledged that typos can be embarrassing and frustrating. They can also, as ride-sharing company Lyft found out on Tuesday, make everyone forget that you actually had a pretty good year. Why Bitcoin won’t reach $1,000,000 Everything started with Lyft’s press release announcing its fourth quarter and full-year 2023 financial results, which … Read more
Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain. Clara Margais | Getty Images German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand. The swing to profit vastly … Read more
Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through … Read more
BEIJING — China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as chairman and Communist Party chief of the China Securities Regulatory Commission. Chinese … Read more
The CEO of Meta may seem like a mild-mannered man. He’s soft-spoken, the corners of his mouth often turn upwards into something resembling a smile, and he’s polite. But it’s all a disguise – Mark Zuckerberg lives life on the edge. Meta even said in its latest annual report that its CEO could die because … Read more