The current rules for regulating M&A for big tech companies are inadequate due to their market share not being above 95%. A proposed rule is to allow medium tier businesses to buy payment rail payment companies to avoid monopolistic behavior from larger companies like PayPal.
The speaker shares his realization of the potential in sticking with his ideas and focusing on bottom-up SaaS, a type of business software that can go viral, while avoiding the traditional top-down method of selling to CIOs.
The speaker cautions against investing based on short time horizons and focusing on the company's popularity instead of its potential for long-term growth and profitability.
A company CEO fired 900 employees via Zoom in a bizarre and impersonal way instead of using a thoughtful process, with severance packages ranging from two to four weeks. The CEO acknowledged his previous experience of needing to layoff employees, stating that he cried and would try to do better this time.
Citadel CEO Ken Griffin reportedly outbid a group of crypto investors to acquire a copy of the US Constitution. Meanwhile, he has faced criticism for his role in the Robinhood debacle and for payment for order flow.
Investor Chris Saka and entrepreneur Peter Thiel discuss the challenges of adapting to new markets rules and discuss strategies to succeed in the ever-changing world of business.