Quote of the Day
"(P)etty fiefdoms are far harder to maintain when everyone is remote."
(Ed Zitron)
Crypto
- The Bitcoin Strategy ProFund invests in Bitcoin futures contracts. (bloomberg.com)
- How FTX is doing in the U.S. market. (coindesk.com)
Companies
- Booster shots would be a boon to Pfizer ($PFE). (axios.com)
- Rolling up Amazon ($AMZN) sellers has become a big business in and of itself. (ft.com)
- Netflix ($NFLX) is going to mandate vaccinations for productions. (deadline.com)
- Realogy ($RLGY) is now solidly profitable amidst the housing boom. (vox.com)
Big Tech
- Microsoft ($MSFT) and Google ($GOOGL) both saw nearly 50% increases in cloud revenue. (protocol.com)
- Big Tech is benefiting from a surge in online ad spending. (axios.com)
- Microsoft ($MSFT) is avoiding regulatory scrutiny for now. (theatlantic.com)
Finance
- SPACs are widening their net for targets. (news.crunchbase.com)
- How many more hits can the insurers take from bigger storms? (bloomberg.com)
- SPACs can no longer rely on PIPE funding to complete deals. (ft.com)
- M&A lawyers are in short supply. (ft.com)
Fund management
- Shareholder proxy voting was designed prior to this current era of concentrated power. (riabiz.com)
- A profile of Bessemer Venture Partners. (newcomer.co)
Restaurants
- More restaurants are requiring customers to show proof of vaccination. (marketwatch.com)
- Restaurant patrons think everything is back to normal - it isn't by a long shot. (sfgate.com)
- Why so many restaurant workers have left the industry during pandemic and are not coming back. (pdx.eater.com)
- Why restaurants are pulling seafood off the menu. (finance.yahoo.com)
Problems
- In life we end up trading one set of problems for another. (seths.blog)
- In pandemic many Americans moved to towns with high fire risk. (priceonomics.com)
- And water shortages. (axios.com)
Economy
- Weekly initial unemployment claims are still falling but not all that quickly. (bonddad.blogspot.com)
- Not all inflation is created alike. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: the time tax. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: throwing darts. (abnormalreturns.com)
- Investing, everywhere and always, has always been a social activity. (abnormalreturns.com)
- Two charts with lines going down: updates on prior posts. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
