On Day 2 of my job at Reddit, things changed. They announced they had raised $50 million in a new round, which I hadn’t been aware of until then. They also announced something even more inter... Read More
The answer to these questions is yet to be seen, but there is an
immediate effect of turning on ad blocking:
If Apple were to make ad blocking on Safari the default and just stripped out... Read More
For years, the internet undercut newspapers and other traditional news outlets. Tools like Blogger and YouTube and social networks like Twitter and Facebook turned everyone into news producers, and th... Read More
With his liberal, free-market philosophy, Slate’s Matthew Yglesias is unfailingly sharp in his economic analysis. (Even if he’s wrong about Chipotle burr... Read More
Central Bank Digital Currency Brings Wider Access: Bank of Japan
A blockchain-based central bank digital currency issued to the public would allow wider and unrestricted access to payment and settlement systems, the deputy governor of the Bank of Japan said earlier
Levine on Wall Street: Bank Troubles and Oil Worries
JPMorgan had earnings.
It's a miss, $1.19 per share versus $1.31 estimates, with fixed-income revenue down in part because of the sale of the commodities unit, and in part because, you know, tradin
Levine on Wall Street: Capital Raises and Stress Tests
Deutsche Bank is raising some money.
Yesterday it announced that it's raising about 8 billion euros of common equity capital, mostly from an underwritten rights offering but also 1.75 billion euros
Cool Derivatives and Bank Consultants
I used to sell equity derivatives, and the way you sell equity derivatives is by telling scary stories about the future. Are you worried that the crisis in Ruritania will wreak havoc on your