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
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 …
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
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 …