Robinhood Gets Ready for the Meme Stock World It Created
Annie Massa, 14 July 2021
Hi all, it’s Annie from Bloomberg’s investing team. Soon, Robinhood Markets Inc. will go public. The debut—which could happen in the coming weeks—will see Robinhood entrust its share price to the same retail investors who have been using its app to roil markets.
The free stock trading app has been around for eight eventful years. During the pandemic, Robinhood traders congregated on Reddit message boards and drove wild swings in the price of companies like GameStop Corp. and AMC Entertainment Holdings Inc. Then, when Robinhood put limits on customer purchases of those stocks, the startup incurred social media wrath, along with some lawsuits. Continue reading “Article: Robinhood Gets Ready for the Meme Stock World It Created”
Is Elon Musk’s Toxic Reign Coming to an End?
Tim Fries, 10 July 2021
Afew years ago, no one would have expected for one man to introduce so much volatility into the crypto space. Elon Musk filled that ignoble role, but everything has its expiry date.
What Did Elon Musk Do to Deserve 58 Million Followers?
Elon Musk got his first major financial breakthrough when he sold his Zip2 company to Compaq in 1999 for $307 million. Three years later, as a co-founder of PayPal, he sold it to eBay for $1.5 billion. Established business pedigree and these two financial injections were sufficient for him to focus on more concrete projects: Continue reading “Article: Is Elon Musk’s Toxic Reign Coming to an End?”
DeFi May Not Herald Independence Day From Traditional Banking
PYMNTS, 05 July 2021
Independence Day weekend brings to mind freedom, of course. And before too long, we may have independence from the banks, from the third parties, and from the financial system itself. Or maybe not.
The promise of decentralized finance (DeFi) is that the advent of cryptocurrencies, and perhaps more significantly, blockchain, will eliminate the reliance on the traditional players in financial services. Continue reading “Article: DeFi May Not Herald Independence Day From Traditional Banking”
Crime goes cashless as Covid crisis drives underworld online
Charlie Parker, 27 April 2021
Fraudsters, drug dealers and money mules have revealed how crime has gone cashless during the pandemic.
Coronavirus lockdowns have prompted criminals to abandon face-to-face cash transactions and to accept payments via bank transfers and sometimes bitcoin, PayPal or premium-rate telephone numbers. Continue reading “Article: Crime goes cashless as Covid crisis drives underworld online”
OFFICIAL LETTER with Letterhead: PayPal Letter Final
Dear Mr. Schulman,
As of the first minute of April 16, 2021 PayPal terminated my client, Robert David Steele, by terminating the PayPal account of Earth Intelligence Network, a 501c3 educational corporation in good standing with the IRS and also the recipient of a Gold Star transparency award from Guidestar, a leading evaluator of non-profit endeavor competency and integrity. A copy of the termination letter is attached.
By the grace of God, donations by check and wire offer me the Armor of God against unethical abusive companies among which PayPal is now assured of front row standing.
They know full well of my strong history as a Patriot and as having a Gold Star rating as a non-profit. This is a Deep State attack, perhaps without the knowledge of the CEO, but our top ten law firm will make sure the CEO knows about this on Monday.
Continue reading “Robert Steele: DEPLATFORMED by PayPal — Am Striking Back — Checks Are Best Way of Donating”
‘Pro-Crypto’ Peter Thiel Warns Bitcoin “Could Be A Chinese Financial Weapon Against The US”
TYLER DURDEN, 08 April 2021
Cryptocurrencies are typically open-source, meaning that anyone with technical ability can contribute. On top of that, anyone disgruntled with a given cryptocurrency’s trajectory can “fork” it, creating a new coin (as we have seen in both bitcoin and ethereum). Cryptocurrencies are also famously designed to be extralegal – beyond the reach of the government – although of course the SEC and the IRS hope to quash that notion.
Meanwhile, artificial intelligence relies on the trend that came before it, big data, and big data is gathered by big entities. Historically, communist regimes like the Soviet Union and Maoist China sought to create highly centralized command economies, noted Thiel. A sufficiently powerful AI could realize the bureaucrat’s dream of accurately predicting peasant farmers’ potato yields months in advance from thousands of miles away.
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Peter Andreas Thiel (/tiːl/; born 11 October 1967) is a German-American billionaire entrepreneur and venture capitalist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. He was ranked No. 4 on the Forbes Midas List of 2014, with a net worth of $2.2 billion, and No. 391 on the Forbes 400 in 2020, with a net worth of $2.1 billion. In 2016, Thiel confirmed that he had funded Hulk Hogan in the Bollea v. Gawker lawsuit because Gawker had previously outed him as gay. The lawsuit eventually bankrupted Gawker.
Born in Frankfurt, he moved with his family to the United States as an infant. He spent a portion of his upbringing in Southern Africa before the family settled in California in 1977. He studied philosophy at Stanford University, graduating with a B.A. in 1989. He then earned his J.D. from Stanford Law School in 1992. Continue reading “Entrepreneur: Peter Thiel”
The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority
Ben Constanty, 25 February 2021
The odds are good that you have been impacted by the network effect, or when a product increases in value when more individuals begin adopting and using said product. A few examples include the telephone and the internet.
Company CEOs such as Elon Musk have recently expedited this process by using their personal brands to create a massive network effect in different industries. To get a better understanding, we need to dive in further. Continue reading “Article: The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority”