Economy

A digest on recent noteworthy events in tech advancement and global capital flow

A digest on recent noteworthy events in tech advancement and global capital flow

[Social Media] Will WeChat be the next? Facebook brings on Visa, Mastercard, and PayPal as backers of its cryptocurrency, Libra. Crypto watchers got different feelings : * Bullish Billionaire crypto investorMichael Novogratz commented: “Visa serves some 50mm merchants. I’m sure MC(master card) is pretty close to that. Meditate on that.

You may be surprised to discover that in the past 10 years, overall venture capital return is zero, according to a conversation between Clayton Christensen (Innovator’s Dilemma) and Marc Andreessen (a16z) (a must see video here from StartUp Grind Conference in 2017 Redwood City). It may be even more

On March 4, Financial Times reported  that David Cicilline, the head of the House antitrust subcommittee, suggested separating social media platforms from selling information and data, or so-called “Glass-Steagall for tech”. (The Glass Steagall Act was enacted in 1933 in the wake of 1929 stock market crash to separate investment

To answer this question, Michael Pettis, professor of finance at Peking University’s Guanghua School of Management argues GDP, the statistics supposedly able to measure both on growth and ability to service debt, never perfectly achieved so (building a bridge to nowhere counts the same as building a much-needed bridge)