Category

Elon Musk

Bitcoin can’t buy you a cup of coffee, here’s why Elon Musk

Bitcoin can’t buy you a cup of coffee, here’s why

Elon Musk, a longtime advocate for bitcoin, will soon give Tesla Inc.’s TSLA -1.62% customers the chance to buy the company’s electric vehicles using the digital currency. The news—along with Tesla’s move to acquire $1.5 billion of the cryptocurrency for its corporate treasury—sent the price of bitcoin up 25% from Sunday to a new intraday record of…
bubmag
February 10, 2021
The ‘Godfather of Atlanta tech’ is helping founders eschew Silicon Valley by raising the largest fund in the Southeast Elon Musk

The ‘Godfather of Atlanta tech’ is helping founders eschew Silicon Valley by raising the largest fund in the Southeast

Investor Paul Judge has partnered with BIP Capital to found a $300 million fund.  The fund's mission is to support diverse founders in the Southeast and Midwest. "The region is ready for a fund of this scale to invest in companies across stages from Seed to Series B," Judge told…
bubmag
February 8, 2021
A hedge fund made $700 million on its GameStop investment but bailed after Elon Musk’s ‘Gamestonk’ tweet Elon Musk

A hedge fund made $700 million on its GameStop investment but bailed after Elon Musk’s ‘Gamestonk’ tweet

Senvest Management made $700 million on its Gamestop investment, The Wall Street Journal reported. The hedge fund sold its 5% stake after Elon Musk tweeted about the Reddit-fueled rally. Senvest's profit shows retail investors are far from the only winners of the market frenzy. Visit the Business section of Insider for…
bubmag
February 4, 2021