Pump.Fun’s Bounties Platform Is a Black Hole of Circular Grifting

Pump.Fun’s Bounties Platform Is a Black Hole of Circular Grifting

Would you run into a crowded university lecture hall, fart into a megaphone, and bellow “fartcoin” at the top of your lungs? If so—and should you have the means to document this stunt on video, preferably capturing the audience’s reaction—you may claim a reward of approximately $1,000. The money, of course, will be dispensed in … Read more

Silicon Valley’s Elite Financial Advisers Say This Era of Wealth Is Different

Silicon Valley’s Elite Financial Advisers Say This Era of Wealth Is Different

If anyone in tech has already started their Hot IPO Summer, it’s Silicon Valley’s elite wealth advisers. Two private wealth managers who work with high-net-worth techies told me they’ve seen an uptick in activity from their client base, some of whom are expecting a big liquidity event this year. We’re talking, of course, about the … Read more

Elon Musk Is the World’s First Trillionaire

Elon Musk Is the World’s First Trillionaire

There are thousands of billionaires across the world. But there is only one trillionaire. Elon Musk became the first person to amass a personal fortune of over $1,000,000,000,000—that’s 12 zeros—after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on Friday. SpaceX’s initial public offering on Thursday valued the company at nearly … Read more