NYT: Science
Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86
10 May 2024 at 14:46

Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86

By: Jonathan Kandell

10 May 2024 at 14:46

Using advanced computers, he went from M.I.T. professor to multibillionaire. His Medallion fund had 66 percent average annual returns for decades.

Jim Simons 2007. After publishing breakthrough studies in advanced mathematics, he decided to apply his genius to a more prosaic subject — making as much money as he could.

NYT: Technology
Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth
7 May 2024 at 17:04

Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth

NYT: Technology

By: Mike Isaac

7 May 2024 at 17:04

Reddit’s first earnings report as a public company showed leaps in users and advertising revenue, along with expenses related to its initial public offering.

The New York Stock Exchange on Reddit’s first day of trading in March. On Tuesday, the company reported a 48 percent increase in quarterly revenue.

NYT: Technology
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
6 May 2024 at 15:37

Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks

NYT: Technology

By: Erin Griffith

6 May 2024 at 15:37

The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.

NYT: Technology
How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock
27 April 2024 at 00:51

How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock

NYT: Technology

By: David Yaffe-Bellany and Matthew Goldstein

27 April 2024 at 00:51

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

Chad Nedohin, a podcaster and part-time pastor in Canada, has urged people to invest in Trump Media & Technology Group and hold on to the stock.

NYT: Technology
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
23 April 2024 at 10:28

In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

NYT: Technology

By: David Streitfeld

23 April 2024 at 10:28

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.