With Amazon’s stock up more than 50 percent this year, Jeff Bezos’s fortune has skyrocketed by more than $56 billion in 2020 alone. With a current net worth of more than $170 billion, Bezos is one of many billionaires, including Elon Musk, for whom business is thriving during the COVID-19 pandemic. To reward Amazon’s frontline […]
Power Is Fickle
Is Silicon Valley growing tired of its most iconic founders? The recent grifts of figures like Elizabeth Holmes and Adam Neumann may herald an era in which people are more skeptical of leaders with eccentric beliefs and habits. In this atmosphere (and under increasing pressure from the federal government), industry titans Jack Dorsey and Mark Zuckerberg […]
Who is Michael Bloomberg?
Michael Bloomberg was not part of the Democratic debate on Thursday night. But his campaign, only a few weeks old, has already made a splash by committing to spending hundreds of millions on a two-pronged approach to 2020, with about half the money going to anti-Trump and voter registration ads. Our latest Instaread original takes a […]
Gwyneth Paltrow’s Hustle
When Gwyneth Paltrow won the Oscar for Best Actress in 1998, no one expected her to pivot from Hollywood to retail. Just ten years later, Paltrow founded her lifestyle brand Goop as a free newsletter, and by 2018 she had built it into a company with a $250 million valuation. How and why did the […]