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Christopher Kai • Big Game Hunting
faster churning of companies in and out of the S&P 500, the death of news and the newspaper, the failure of established
Martin Gurri • Revolt of the Public and the Crisis of Authority in the New Millennium
Wealthfront has stalled out around $21 billion in assets under management (AUM) as it faces stiff competition from well-funded incumbents, and it still loses a lot of money. It charges only 0.25% of every dollar it manages for accounts with over $5,000.
Benjamin Rollert • Not Boring Memo: Composer
Symphony’s challenge currently is squeezing revenue out of its customers. It overtook Bloomberg’s 332,000 user count in 2018. But it charges US$24,000 for up to 100 seats, rather than the US$24,000 Bloomberg charges for one. Also, its network tends to be more internal than Bloomberg’s, with as many banks on it but fewer of their clients. Last year ... See more
Marc Rubinstein • Disrupting Bloomberg
Courage from one of the worlds leading tech investors and an enduring firm
@egon_durban https://t.co/ws0OFyogU1
“Every part of our financial and legal system at this point is devoted, singularly devoted, to keeping the status quo in place,” Harvard Law School professor Susan Crawford said in the webinar. “It will be difficult for us to adapt.”