Exec Sum @exec_sum
The dankest daily newsletter with 350K+ subscribers covering all things Wall Street & Silicon Valley (and it’s free) // powered by @litcapital execsum.co Joined January 2021-
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NEWS: OpenAI is preparing to launch a social app for AI-generated videos, per Wired.
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Check out @exec_sum, my free daily newsletter covering Wall Street’s major headlines, deal flow, humor, compensation, and more. Join 300K+ readers 🤝 execsum.co
BREAKING: $HOOD flying over +9% on the day CEO Vlad Tenev announced that more than four billion event contracts have been traded on Robinhood’s platform since the brokerage started offering the product
BREAKING: The US Treasury’s gold reserves have surpassed $1 trillion in value, which is more than 90 times what’s stated on the government’s balance sheet Gold prices rose above $3,824.50 an ounce on Monday, a 45% increase this year
BREAKING: Electronic Arts to be taken-private by PIF, Silver Lake, and Affinity Partners for $55 billion, making it the biggest ever LBO.
BREAKING: Mayor Eric Adams has dropped out of the NYC Mayoral race
Electronic Arts $EA is nearing a $50 billion deal to go private The group of investors include Silver Lake and Saudi Arabia’s Public Investment Fund This would be the largest LBO in history
CEO of Citadel Kenneth Griffin: "We're in the research business first and foremost. Trading is simply how we monetize our research."
NEWS: Former Salomon Brothers bond trader, Howard Rubin, arrested for allegedly sex-trafficking women to his ‘sex dungeon’ penthouse apartment in NYC
NEWS: Vista Equity Partners is now coordinating and underwriting debt deals for its own portfolio companies.
BREAKING: ByteDance to get about 50% of TikTok US profit under Trump deal This includes receiving a licensing fee on all revenue generated from making its algorithm available to the US operating entity as well as a share of the profit in proportion to its equity stake
BREAKING: Banks are being ordered to dig through account closures to find ‘debanking’ cases The Trump admin is probing if services were denied over politics or religion, with letters going to thousands of banks with Dec. 5 deadline to offer re-engagement options
BREAKING: U.S. to implement 100% tariff on drugs made by companies who aren’t building factories in America
Intel continues to surge off speculation that Apple might make an external investment
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