✨ 15 May 2022 | Value Investing Substack NEWS
BitMEX's Crypto Industry Primer, What Is Bitcoin? - Better CEO on the hook for $750M Softbank Loan, Martin Shkreli's Ex Starts A Blog, India Bans Wheat Exports, Will Saudi Arabia Save Global Economy?
HIGHLIGHTS
Luna Brothers, Inc. (Crypto industry primer)
Antenna Q1’22 Premium SVOD Growth Report (Streaming)
SUBSTACKS + LONG-READS + TWITTER
Pretty simple math here. Elon needs $6bn more because he doesn’t want the Apollo 14% pref (understandably so).
The fact he had to resort to that was telling in itself.
So he needs a deal price $7-8/share lower (at least) and is citing this to bully the board.
$twtr https://t.co/ZamnmadA8N
Market Rebellion @MarketRebels
18/ there is a second option. Surging gas prices have made Saudi Arabia and the Middle East rich, making Aramco bigger than Apple. For the show to go on - they must act immediately and with force - and effectively bail out global tech investors as a long term “vision” bet.
BREAKING: El Salvador’s President Nayib Bukele has just removed his laser eyes profile pic and #Bitcoin from his bio amid $36M loss.
LINKS
Stock Markets:
Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan
Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio
MicroStrategy’s bitcoin bet looks shaky as crypto market encounters turbulence
China chipmaker SMIC says phone, PC demand has dropped 'like a rock'
Macro
USA:
Rest of World:
India Bans Wheat Exports as Food Security Comes Under Threat
OPR hike is to remove excess monetary policy accommodation, says BNM governor (Malaysia)