After adding 20 million new users in Q2, Twitter added just 1 million new users in Q3, and that’s despite the fact that most pro sports are back and we have a massive election in five days...
Whoop has now raised more than $200 million since its founding and has more than 330 employees, with more than 200 of them hired this year. The funds will be used to improve the membership through additional coaching tools and to expand globally.
"These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions."
And in what may be the greatest example of "whataboutism" in modern history, Black said that Epstein worked with many prominent individuals after he was released from jail, and that "the distinguished reputations of these individuals gave me misplaced comfort."
...systematic rules-based investors will mechanically generate “de-grossing” flows, because positions (in light of volatility) are now too large and have to be sized-down...
What goes down, must come up, and one quarter after US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history.
The financial history of this young century will show how badly our reliance on bailing out markets with free money, bank-rescues and “stimulus packages” worked out...
