Warren Buffett’s Berkshire Hathaway has disclosed that it has 121 million shares of HP Inc. News of the roughly 11.4% stake sent shares in the computer company soaring 10%. The stake is worth about $4.2 billion. Berkshire also is a major Apple shareholder. The HP move comes after Buffett’s company invested in insurer Alleghany Corp. and oil company Occidental Petroleum Corp., which were his...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.