THE TWO BIG AUCTION HOUSES ARE EARNING RECORD PROFITS AS THE INCREASINGLY WEALTHY TOP 1% SPEND MORE ON ART. HERE’S WHAT INVESTORS NEED TO KNOW AS ONE OF THE SCENE’S PROMINENT PLAYERS CONTEMPLATES ITS RETURN TOTHE PUBLIC MARKETS. In June 2019, French-Israeli entrepreneur and art collector Patrick Drahi took the Sotheby’s fine art auction house … Continued
After a respectable showing with last year’s predictions, Luckbox returns to forecast 20 outlier events for the next two years BUSINESS & MEDIA As Mark Zuckerberg shifts his attention to the dystopian hellscape known as the metaverse, Meta announces a surprising departure. Sheryl Sandberg, COO of Meta Platforms, sets her sights on Dianne Feinstein’s … Continued
Why DO mainstream economists FEAR LOWER PRICES? Unemployment recently dipped to 4.6% as the economy added 531,000 jobs, according to the monthly jobs report issued in November by the United States Department of Labor. Those top-line numbers always make headlines, but a truly startling statistic is buried deep in the report. For 14 straighat months, … Continued
A secretive industry sells Americans’ data to marketers, companies and governments, both foreign and domestic. Is your privacy for sale? Data has become the world’s most coveted commodity—more valuable than oil, lumber or the water drying up in the Colorado River. And it’s prized even though it’s not rare or difficult to obtain. The dizzying … Continued
Partnerships between sports-betting operators and media companies that cover sports betting are creating a full-blown investment sector with loads of opportunity Companies that take bets on sporting events are cementing alliances with like-minded media outlets, and investors should take notice. Sports wagering companies haven’t just entered the mainstream, they’ve entered the mainstream media. The goal: … Continued
As the company extends its reach into nearly every aspect of American life, it’s trying to shift the conversation away from antitrust For years, Amazon hadn’t faced the antitrust scrutiny that plagued rivals like Apple and Alphabet. But now Jeff Bezos finds his firm at the center of an intense ideological battle over the role … Continued
Lara O’Connor Hodgson is the President & CEO of NOW Corp, a company that aim to free small businesses from the burden of being a free bank to their customers. Before co-founding the company, Lara launched Nourish, a manufacturer of patented, spill-free children’s water bottles. The company sold products in airports, hotels, entertainment venues and retail outlets, … Continued
Don’t worry about the market’s supposedly overheated penchant for SPACs. Worry about the armchair SPAC experts. And consider the risk-free WeWork trade. In August 2019, the news broke that one of the world’s hottest startups was planning its initial public offering. At first, hungry investors salivated at the prospect of biting into one of the … Continued
An institutional investor answers six questions on SPACs Mark Yusko founded Morgan Creek Capital and now serves as the firm’s CEO and chief investment officer. In February, the company teamed with Exos Financial to create the Morgan Creek-Exos SPAC Originated ETF (SPXZ). The ETF offers broad access to investing in blank check companies. To complement … Continued
Doug Ellenoff, the founder of one of America’s leading SPAC law firms, explains the wildly popular investment vehicle. To understand the substantial value of SPACs, or special-purpose acquisition companies, Luckbox ignored the noise and went straight to the source—the law firm of Ellenoff Grossman & Schole. For 25 years, the attorneys there have specialized in … Continued
