This secretive $100B Chinese retailer sells to the whole world, except China.
It dethroned Amazon with 177M downloads, quickly dominated the US market, and is worth more than Zara and H&M combined.
How it eclipsed American brands with these 4 crazy business strategies: 🧵
Powell, the Grinch, stole our Xmas gifts
so close yesterday on the cold-CPI
Powell, the Grinch, stole our Xmas gifts again.
2nd time, so close.
the Grinch claimed
"the terminal rate stays higher for longer until the job is done, plus
inflation tgt <=2% whatever it takes"💣💣💣
Blackstone’s $69 billion real estate fund announced today that it’s limiting redemptions.
This is a scary sign for the real estate market.
Let’s dive in 🧵
We trusted FTX because it seemed safe.
You had people like @TomBrady & @BillClinton promoting this shit. It was across a damn stadium.
Families trusted this exchange with their money.
But Sam lied to our faces the entire time.
I can’t believe what’s happened. It’s just hit me
Speaking in person at the Indonesia Fintech Summit 2022 in about an hour. Booked weeks ago. Guess which topics will come up?
Not sure of the livestream link.
If you have survived
- BTC crash from $69k to $17k
- LUNA to $0 by Do kwon
- 3AC going from $18bln to $0
- Celsius and voyager bankrupt
- FTX and FTT Meltdown
You are an OG now.
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏