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Buying and selling stocks is a great way to invest your earnings and make extra money, but with every trade you have to pay some commission to a broker. Or do you? The stock-trading app Robinhood lets you make trades for free.[326] That’s right, zero commission. So how do they stay in business? There are two main ways Robinhood makes money.[327] Fi
... See moreAditya Agashe • Swipe to Unlock: The Primer on Technology and Business Strategy (Fast Forward Your Product Career: The Two Books Required to Land Any PM Job)
When they heard that Sam was about to hurl $5 billion at a total stranger, Ramnik and others inside FTX became alarmed. With a lot of help from FTX’s lawyers, Ramnik and Nishad had argued the $5 billion down to $500 million—or at least they thought that’s what Sam had agreed to.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Donald Durant understood the common person, someone élite bankers, including the Higginsons, had politely ignored for decades. Since the Civil War, bankers had focused on wealthy institutions: first the railroads, then industrial companies, and most recently foreign corporations and governments. But now that individual human beings, men and women,
... See moreFrank Partnoy • The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
Sam had first met CZ not long after his move to Hong Kong at the end of 2018. Binance was looking for crypto companies to pay $150,000 apiece to sponsor its conference in early 2019 in Singapore, and Sam stepped in with the money. CZ had rewarded him by appearing onstage with him, and ever after, Sam was to say, “That’s what gave us legitimacy in c
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
WeWork began offering commercial real estate brokers a shocking commission: 100 percent of the first year’s rent paid by new tenants.
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
By 1922, Ivar secretly had hired a handful of men with no previous connection to him or his companies. These men trusted Ivar for all the wrong reasons: because he had saved them from prison or bribed them or paid them five times what they deserved. Ivar could ask these men to do things he would never ask of friends. Sometimes Ivar needed a person
... See moreFrank Partnoy • The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone
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Catching the Wolf of Wall Street: More Incredible True Stories of Fortunes, Schemes, Parties, and Prison
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