Financial Testimony brings a multi-dimensional perspective to recent events in business and broader society. By analyzing news headlines through a financial and legal approach, we strive to build a knowledgeable, opinionated community of leaders.
Due to busy schedules in both of our lives, we have decided to pause the podcast and continue to work on our careers.
The long awaited trial of Elizabeth Holmes and her blood testing startup Theranos is here. Alyssa and Hayden give their take on what is going to make or break this case for Elizabeth. On trial for defrauding investors and patients, Elizabeth Holmes was once a huge name in Silicon Valley for her a myriad of reasons. She was the next Steve Jobs, she achieved a huge valuation for her startup as a female founder, her (presumed) ground breaking science would change blood testing forever, and she was respected as one of the youngest self-made billionaires to name a few previous accolades she used to hold. Now she is one of the biggest names appearing in court this year.
18 Oct 2021
Citadel and Robinhood GameStop Drama
Back in January of 2021 when GameStop was all the buzz, trading platform Robinhood disabled the buying of GameStop and many other companies that frequented the WallStreetBets subreddit. This led to dramatic decreases in the stock because the many buyers of those stocks could not purchase them and only sell them. Vlad Tenev of Robinhood and Ken Griffin of Citadel later were at a hearing where their statements contradicted internal communication at Robinhood recently released when it came to the story of why they actually halted purchases on Robinhood's app.
4 Oct 2021
Bill SPACkman and Pershing Square
Bill Ackman is an interesting hedge fund manager on Wall Street currently under some scrutiny, well that never changes just the reasons do, for his SPAC that he has yet to use for its "Special Purpose". Ackman is known by many on Wall Street, and very few in the realm where he shines the most, acting.
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