Lidya Raises $6.9 Million In A Series A Round Led By Omidyar Network

The funding was led by Omidyar Network, the Silicon Valley impact investment firm established by Pierre Omidyar, the founder of eBay. New investors, Alitheia Capital (via the Umunthu Fund), Bamboo Capital Partners, and Tekton Ventures, also joined the …

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WSJ: Tech Giants Are Heading Towards Monopoly Status

A new column the Wall Street Journal argues that companies like Google, Facebook, and Amazon are heading towards monopoly status in their respective industries. A Thursday column in the Wall Street Journal by Christopher Mims argues that several Silicon Valley giants are gaining monopoly-sized market shares in their respective industries. Mims explained that modern monopolies look much different than monopolies of the past. Mims cited the example of monopolist Andrew Carnegie using armed guards against his striking workers. One way todayÂ’s monopolists are different from the robber barons of old is that theyÂ’re not exactly ​behaving like, for example, Andrew…

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Unconventional Silicon Valley Baptist minister explains radical faith that inspired explicit, anti-elitist tweets

Gregory Stevens isn’t your run-of-the-mill Baptist minister. “A quick note,” he said in a recent email to Baptist News Global. “I prefer to use ‘Gxd’ or ‘Gxddess’ when writing God to represent trans, feminist, queer, and gender-bending struggles.” He also…

The post Unconventional Silicon Valley Baptist minister explains radical faith that inspired explicit, anti-elitist tweets appeared first on Baptist News Global.

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Want to fight cybercrime? Wichita may be in your future

“We could create a place that’s attractive for IT companies – maybe not the extent of Seattle or Silicon Valley, but a regional magnet,” said Col. Joe Jabara, vice wing commander for the 184th Intelligence Wing of the Kansas Air National Guard at McConnell Air Force Base.

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A closed-door meeting… $1 million in student loans… What’s up with GE?

Dear reader,

I want to make sure you don’t miss this…

Have you heard American Consequences feature contributor Dr. Steve Sjuggerud’s big prediction?

He’s sharing information from a closed-door meeting in Boston… where he sat down with a group that Bloomberg calls “The World’s Most Powerful Stock Picker.”

Steve was the only independent analyst there. And what he learned was that trillions of dollars are going to be heading into a few select stocks.

He detailed the why in our free February magazine… I hope you read it. Because right now it’s time for the when.

In a few hours, this massive amount of capital is going to start flowing to a certain number of companies. It will begin with a few hundred million… grow to the tens of billions… and ultimately hit trillions of dollars.

It’s a fascinating story that will affect hundreds of ETFs and mutual funds. And it’s all due to the massive rise in passive investing over the past several years. But the outsized winners of this initial move are likely to be two specific stocks.

I’ve talked with Steve several times about this opportunity… and heard him present this idea to thousands of people. He knows his stuff. He’s been right, every step of the way. And this next step is the big one – a culmination of three years of his research.

If you’re interested in learning more about the future of the market, click here to read a transcript from Steve’s presentation. (This does not go to a long video message.)

You don’t need to buy anything. But if you read our February magazine – you should realize that you do need to pay attention to this major shift in global markets.

Now here are a few of the most interesting stories we’re reading…

When I forwarded this story to P.J., he wrote back… “If any business except the education biz pulled this, everybody would be in jail – from the CEO to the bike messenger.” 

Mike Meru Has $1 Million in Student Loans. How Did That Happen?

Escalating tuition and easy credit have yielded a class of student-loan borrowers with spectacular debt they may never pay back.

Good question…

 What the Hell Happened at GE?

What happened? And what’s next? The first question must be answered first. It is inevitably a story about Jeff Immelt, and it starts well before the stock’s recent implosion. As a former GE executive puts it, “The wheels came off in 2017, but the lug nuts had been loosening for a long time.” The story of Theranos may be the biggest case of corporate fraud since Enron… and how one woman fooled an incredible number of powerful folks.

The Reporter Who Took Down a Unicorn

How John Carreyrou battled corporate surveillance and intimidation to expose a multibillion-dollar Silicon Valley start-up as a fraud.

An underwater autonomous vehicle owned by billionaire hedge-fund manager Ray Dalio just found a few billion in gold and jewels on the ocean floor… 

Finally Found: Spanish Ship That Sank With $17B in Gold

The 62-gun, three-masted galleon, went down on June 8, 1708, with 600 people on board as well as a treasure of gold, silver and emeralds during a battle with British ships in the War of Spanish Succession. More of what we’re reading from the ocean…

The Weird, Dangerous, Isolated Life of the Saturation Diver

Life in the tube was built around going through these same steps day after day after day… while trying not to think about the fact that any unintended breach in his temporary metal home would mean a fast, agonizing death.

And here’s Steve’s article from our February magazine… 

The Biggest Mistake of My Career

“What you see across the river,” the executive said as he beamed with pride, “will be greater in all ways than Manhattan.”

 

Read our latest issues of American Consequencesfor free – by clicking here.

And let us know what you’re reading at [email protected].

Regards,

 

Steven Longenecker
With P.J. O’Rourke and the American Consequences Editorial Staff
May 30, 2018

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Why Does Tesla Get All the Love? It’s Selling California, Not Cars

Yesterday, Tesla Motors fulfilled its stereotype as a Silicon Valley startup by botching the unveiling of its second major product launch, the four-door Model S sedan . Yesterday, Tesla Motors fulfilled its stereotype as a Silicon Valley startup by botching the unveiling of its second major product launch, the four-door Model S sedan .

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In the Age of Fake News, Establishing Authenticity is #1 Top Tech…

In the current era of “fake news,” methods for determining the authenticity of information emerged as the #1 tech trend over the next few years – as established by Churchill Club, Silicon Valley’s venerable thought leadership forum. This was the 20th edition of Churchill Club’s annual Top 10 Tech Trends debate, which convenes notable venture capitalists to uncover “non-obvious or underestimated” trends for the next three-to-five years.

Read more from Enough Data…