The Financial Times is usually a terrific source for financial news. It's straightforward, unbiased and most of the time, accurate. Unfortunately, the paper fails to live up to that standard on occasions, such as when it published an article by Dan McCrum yesterday titled "Bitcoin's place in the long history of pyramid schemes". Being an alarmist … Continue reading Financial Times’ Disgracefully Misleading Article on Bitcoin
Is Silicon Valley currently in a bubble? Is the party over? Some very smart people are arguing yes. Others are saying no. But what's clear is this: we're at the peak of this ~10 year cycle, and every boom comes with a bust. The players in the game (mainly, VCs and startups) have already began bracing for this cycle's … Continue reading Be Honest With Yourself: How Is Your Startup Actually Different?
GoPro shares are taking a hit (down 6% to start the week) after Barron's magazine published a report stating the company's stock is likely to fall to $25 a share in the very close future (this would equate to a 29% decline from Friday's closing price of $35.15). As some publications have noted, this is a 44% … Continue reading Investors Are Worrying About GoPro For All The Wrong Reasons
Facebook is now worth more than Walmart! Source: Quartz Three years since Facebook went public, the social media giant's stock has surged rapidly, while Walmart's has remained somewhat stagnant. As Quartz pointed out, Facebook's stock has jumped over 30% in the last year as the broader S&P 500 struggled to grow. The surge in Facebook's stock … Continue reading Charts: One Strong Evidence That We’re Headed Towards An Early 2000s Tech Stock Bust
Americans are a hardworking bunch. In fact, recently released data charted by DaDaviz shows the average American is more hardworking than the average worker in France or Germany... by a huge margin. Take a look: Data for the chart came from the Federal Reserve Bank of St. Louis' Economic Research department. The chart falls more … Continue reading Dear America: Take A Break!