Canned water company, Liquid Death, just made a savage move
1. They released a tea/lemonade drink named "Armless Palmer" (yes, like Arnold Palmer)
2. Arnold Palmer's estate threatened to sue Liquid Death over the name
3. Liquid Death renamed the drink "Dead Billionaire”
Elon offered to donate $6 billion of his personal wealth to “solve world hunger” if the
@WFP
would be transparent around how the money is spent. Seems like an easy ask to solve a massive problem
FUNDING SECURED for
@elonmusk
$46.5B in financing committed by Morgan Stanley & Elon Musk broken down as follows:
- $500M revolver
- $6.5B term loan
- $3B secured bridge loan
- $3B unsecured bridge loan
- $12.5B margin loan
- $21B equity commitment from Elon
NEWS: Nancy Pelosi is launching a $1B hedge fund aiming to make concentrated bets on large cap tech stocks.
She cites her ‘proprietary research method’ of having inside information as a key differentiator to her competitors
Goldman Sachs equity research has a $30 price target and a sell-rating on Twitter stock
Goldman Sachs IB is advising Twitter on Elon’s $54.20 takeover bid and preparing a defense
Moral of the story: GS is just playing both sides to come out on top and shouldn’t be trusted
BREAKING: The overlevered Bitcoin nation El Salvador has filed for Chapter 11 bankruptcy protection after they kept buying the dips and the dips kept dipping
Picture this:
- It’s 2023
- GameStop is a $5 trillion market cap company
- It acquired Amazon and began accepting Dogecoin for Twitch streaming NFTs
- All hedge funds have been annihilated
- Elon Musk is now President of Earth and Mars
This is where we’re headed
Funny how Jordan Belfort can:
- pump & dump penny stocks
- be charged with securities fraud in 1999
- rebrand himself into a crypto expert
- charge $40k for “crypto workshops”
and mfs fall for the grift all over again
Some Tesla R&D software developer casually dropped the bitcoin news on Reddit over a month ago 🧐
Seems like a disclosure of material public info that went largely unnoticed
Platinum Equity is buying textbook publisher McGraw Hill from Apollo for ~$4.5B
This makes sense because you can increase the price of textbooks and schools / students will have to buy them no matter what
BREAKING: JP Morgan and Morgan Stanley have signed a definitive agreement to combine their businesses in a deal valuing the combined entity at over $700 billion
DarkSide, an Eastern European hacking and extortion group, raised a $5M Series A led by Colonial Pipeline.
Proceeds will go towards expanding its operations globally.
S&P hits a new record high as investors forget about supply chain issues, delta variant, upcoming debt ceiling discussions, and taxation of unrealized capital gains
This morning, Hindenburg Research dropped a short report on Block $SQ (CashApp’s parent company). As part of it, they created a montage of songs where rappers reference CashApp to facilitate fraud, murder, and drug deals
Absolutely savage