The Liquidity Event | Money and Finance with Shane and Ally Jane

Shane and AJ are extra silly today. Shane's in Mexico and AJ's in London! We've got lots of good stuff for you on today's show. Including but not limited to the office mandate people are getting desperate about, the founders of Bitwise misleading investors, salary transparency, and finally an IPO we're actually excited about. Founded by three friends with Greek roots, fast-casual Mediterranean restaurant chain Cava made its stunning public debut last week and investors are excited. Is this the end of the IPO ice age? We shall see.

Links

• More Startups Throw in the Towel, Unable to Raise Money for Their Ideas

• France's Mistral AI blows in with a $113M seed round at a $260M valuation to take on OpenAI

• Founders of Collapsed Job-Training Startup Misled VCs, Investor Alleges

• Return to Office Enters the Desperation Phase

• A Job With a Fair Salary? What Pay Transparency Laws Are Revealing.

• Crypto Gets Its Moment of Clarity, But Not the One It Wanted

• Cava's explosive IPO hints that public markets are more ready for growth stories than founders thought

• Thrift store chain Savers Value Village sets terms for $300 million IPO

• Welcome to White Castle. Would You Like Human Interaction With That?

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Hold onto your seats for another thrilling episode of the Liquidity Event Podcast! We've got a pandemic move update: founders and being clawed back to SF due to the AI boom. Then we've got fallen crypto industry titans in Bali and how optimizers are using Notion to plan their entire lives. Some CEOs claim employees are less productive at home but we say that's bad management. And finally, Japanese company Pixie Dust files for a very tiny IPO. Get ready to be entertained and informed on the Liquidity Event Podcast!

Links

• Layoffs and AI Are Changing Tech's Once-Invincible Job Market

• Spotify Takes a Sharp Turn With Its $1 Billion Podcast Division

• Americans Are Leaving Portugal as Golden Visa Honeymoon Ends

• Their Crypto Company Collapsed. They Went to Bali.

• Teaser's AI dating app turns you into a chatbot

• This Little-Known Pandemic-Era Tax Credit Has Become a Magnet for Fraud

• American worker productivity is declining at the fastest rate in 75 years—and it could see CEOs go to war against WFH

• Meet the people who use Notion to plan their whole lives

• Fidelity has cut Reddit valuation by 41% since 2021 investment

• Amazon in talks to offer low-cost or free mobile service to Prime customers, report says

• PGA Tour agrees to merge with Saudi-backed rival LIV Golf

• IPO: Pixie Dust Technologies

• They Fled San Francisco. The A.I. Boom Pulled Them Back.

• Why Is Everyone Watching TV With the Subtitles On?

• Revenge Spending Helped Push Prices Higher. The Trend Is Turning.

• France's Mistral AI blows in with a $113M seed round at a $260M valuation to take on OpenAI

• Remote work taxation bill set for final votes

• ChatGPT passes CPA exam on V. 4.0

• Flight of Affluent Taxpayers Catches Up With New York

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Get ready for a special episode of "The Liquidity Event" podcast with AJ and Brett! Join them as they share their own scam stories and explain how to protect yourself and your loved ones. From music streaming fraud to cloning voices in fake kidnappings, we've got all the scams. Discover why Googling certain words is risky, how seniors are targeted, and the dangers of Taylor Swift ticket scams- no scam is left unturned! Stay informed, entertained, and one step ahead of scammers with The Liquidity Event!

Links

• Music Streaming Has a $2 Billion Fraud Problem That Goes Beyond AI

• Organized Retail Crime is the Reason Your Pharmacy Sucks. Does NYC Even Have Organized Retail Crime?

• Santos Scammed $25,000 in Covid Unemployment Benefits, Prosecutors Say

• Instagram influencer scammed over $2 million from older, lonely Americans, federal prosecutors say

• Experts warn of Taylor Swift ticket scams ahead of Kansas City concert'

• Mom, these bad men have me': She believes scammers cloned her daughter's voice in a fake kidnapping

• Don't Google these words, because scammers may be waiting

• Scammers are going after seniors harder and heavier than ever

• Indexed Universal Life Insurance policies sold to young single people

• Annuity salesman who find widows

• Serial Scammer Uses Advanced Laundering Techniques to Clean Stolen Crypto Worth $15 Million – Here's What You Need to Know

• To catch a scammer: Kraken builds fake crypto account to 'bait' fraudsters

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Get ready to laugh, learn, and ponder the mysteries of life on the Liquidity Event Podcast! We've got a FAFSA makeover, a new Attentive CEO, the dangers of youth social media use, and AIs doing paralegal work. On a lighter note, Shane and AJ have a lot to say about Portugal's golden visa program. Shane looks forward to welcoming you to his Algarve beach shack in 2024. Thanks for listening!

Links

• The FAFSA is getting a makeover later this year—here's what's changing

• Our Next Chapter: Announcing Amit Jhawar as Attentive's New CEO

• The surgeon general's advisory on risks of youth social media use could shift the conversation

• Money pours into AI startups that save countless hours of legal paperwork

• Here's What Happens When Your Lawyer Uses ChatGPT

• Where It's Cheaper to Build Than Buy

• Home buyers will now be able to put down as little as 1% on their home, Rocket Mortgage says

• Golden Visa Programs

• American Investors Turn to Greece as Portugal's Golden Visa Scheme Ends

• You can now hail an Uber by calling a number

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It's another episode of The Liquidity Event and AJ is back in the saddle and has a lot of catching up to do. Is trading stocks 24 hours a day a good thing? We think Robinhood's new 24/7 trading promise is bad news. We've got breaking news from the tax world too. Brace yourselves for a new IRS free e-filing system. Oh, and we have a meaty New York Times report on the greatest wealth transfer in history, with the usual wealthy white winners. And don't forget to keep an eye out for the elusive 12-foot 4-inch great white shark off the South Carolina shore. It's Jaws IRL! Get ready for laughs and financial chaos on the Liquidity Event Podcast!

Links

• Brew Another Pot, Robinhood's 24-Hour Stock Trading Is Here

• Ryuichi Sakamoto's management has shared the late musician's "last playlist," which he had prepared for his own funeral before his death.

• IRS tests free e-filing system that could compete with tax-prep giants

• Big Tech Resumed Hiring Foreign Workers Just Weeks After Layoffs

• The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners

• S&P Sheds $500 Billion from Fake Pentagon Explosion

• Elusive 12-foot 4-inch great white shark Ironbound found swimming off South Carolina shore

• CAVA Group IPO

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Get ready for an entertaining journey through the world of finance with The Liquidity Event! Join us as we sail through absurd jobs, boat rental success stories, recalled exercise bikes, VC firm squabbles, coastal city exodus, Amazon's epic MMO adventure, even a surprising Windows 11 and iOS collaboration and credit-card debt! -Don't forget to Join us on May 31st at 5:00 PM for our can't-miss webinar: "Credit Card Points, Travel Hacking, and How to Have Fun for Free" to learn more tricks and tips on using credit cards! Don't miss out on the fun!

Links

• Once valued at nearly $6 billion, Vice files for bankruptcy

• What to Do If You Are Drowning in Credit-Card Debt

• 'Penned' tech specialists are earning six-figure salaries to 'do nothing' and string out 10-minute tasks. Some are even using the time to scuba dive

• I made $500,000 in revenue last year renting out my 2 boats. Here's how I quit my corporate job and turned this into my full-time gig.

• 2.2 Million Peloton Exercise Bikes Recalled; 'Immediately Stop Using', Gov't Says

• The debate happening inside of every VC firm

• Coastal Cities Priced Out Low-Wage Workers. Now College Graduates Are Leaving, Too.

• Amazon is developing a Lord of the Rings MMO

• Phone Link for iOS is now available to all Windows 11 users, bringing iMessage and more to PCs

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Join us on the Liquidity Event Podcast for the latest business news that will make you laugh and cry and want to smack a banker. From TSMC's €10 billion chip fab plans in Germany to better IRS service and earlier debt deadlines, we cover it all. Find out why Shopify is cutting its workforce but its shares are surging, and how some TurboTax users might get some cash back. We'll also discuss why your job is (probably) safe from AI and what the banking crisis means for startups and fintech. And of course, we'll cover the latest in AI chatbots and tools from Wendy's and Palantir. It's a wild ride, so come join us!

Links

• TSMC Plans for First German Chip Fab With Cost Up to €10 Billion

• Better IRS service is forcing an earlier debt deadline

• Shopify cuts 20% of its workforce; shares surge on earnings beat

• Some TurboTax users can get settlement money from Intuit in 2023. Here's how.

• Instacart's Growth Slowed in First Quarter

• Your job is (probably) safe from artificial intelligence

• Brex co-CEO on what the banking crisis means for startups and fintech

• Buyback Bonanza Powers $2.2 Billion Into US Stocks, BofA Says

• Goldman Sachs Warns of Stock Volatility as Quant Traders Pile In

• OpenAI Suffers $540M Loss in 2022, Contemplates $100B More to Conquer AI

• We had ChatGPT take the CPA exam — and it failed

• Sam Altman: OpenAI plans a pro-copyright model for ChatGPT

• Wendy's Turns to AI-Powered Chatbots for Drive-Thru Orders

• Palantir Sees Record Demand for Its New AI Tool. Here's What It Does

• Smarter AI Assistants Are Coming for Siri and Alexa's Jobs

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Get ready for the juiciest news in tech and finance on this week's episode of The Liquidity Event! We're talking about everything from JPMorgan's Silicon Valley takeover to a shocking report that companies are cheating the H-1B visa lottery. Plus, we'll dish on the gender earnings gap, inflation, and why a 37-year-old making over $200K is ready to break up with New York City. And don't miss our updates on J&J's billion-dollar spinoff Kenvue, AI's impact on the job market, and the wild story of the First Republic Bank failure. So tune in, turn up, and let's get into The Liquidity Event!

Links

• Companies Are Colluding to Cheat H-1B Visa Lottery, U.S. Says

• The Writers' Strike, DVDs and the Death of Free Money

• JPMorgan's Silicon Valley Moment

• 'Godfather of AI' quits Google with regrets and fears about his life's work

• Gender Earnings Gap Shrinking at Record Rate, Pew Says

• A 37-year-old making over $200K is rethinking her location after her rent shot up to $5,500: 'I'm in a toxic relationship with New York City'

• Apple's New Savings Account Draws Nearly $1 Billion In Deposits In First Four Days

• Ranking Individual Income Taxes on the 2023 State Business Tax Climate Index

• M&T: Super High Quality Regional Bank Trading At Bargain 7.5x EarningsNew York and California lost over $90 billion in income to low-tax states during Covid

• Why Is Inflation So Sticky? It Could Be Corporate Profits

• J&J's $43 Billion Spinoff Brings Band-Aid, Tylenol to Hurting IPO Market

• J&J Consumer-Health IPO Process to Kick Off Key Test for Moribund New-Issue Market

• J&J's Kenvue spinoff to hit IPO market this week in the biggest deal since late 2021

• Kenvue – J&J's consumer health spinoff – signs on for Summit HQ

• US IPO Weekly Recap: J&J Spin-Off Kenvue Launches Billion-Dollar Deal In A 1 IPO Week

• Murphy, N.J. officials thrilled to have J&J's billion-dollar spinoff put its HQ in Summit

• ChatGPT Will See You Now: Doctors Using AI to Answer Patient Questions

• AI Disruption Deepens With Chegg Plunge, IBM Hiring Halt, Samsung Chatbot Ban

• ChatGPT Threat Sparks 38% Selloff in Homework-Help Firm Chegg

• IBM to Pause Hiring for Jobs That AI Could Do

• What's Going On With First Republic Bank?

• Jamie Dimon Wins Again in First Republic Bank Deal

• First Republic Bank Is Seized, Sold to JPMorgan in Second-Largest U.S. Bank Failure

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Welcome to the Liquidity Event Podcast, where we cover the latest and craziest finance headlines. From Apple's AI-powered health coaching to a $3.4 billion crypto heist, we've got you covered. Join us as we discuss why more female executives don't play golf, the EPA's new rules for electric vehicles, to SeatGeek's confidential S-1 filing. Plus, we'll share our thoughts on EY's plans to cut jobs and 3M's ongoing struggles.

Links

• The Monks Who Make Chartreuse Don't Care About Your Fancy Cocktails

• Why More Female Executives Don't Play Golf—and Why That's a Problem

• Apple Plans AI-Powered Health Coaching Service, Mood Tracker and iPad Health App

• Apple Launches Savings Accounts With 4.15% Interest Rate

• Banks Are Finally Facing Pressure to Pay Depositors More

• First Republic Bank to Weigh Up to $100 Billion in Asset Sales

• FTX's FTT Token Surges 70% After Lawyers Say Exchange Could Restart

• Twitter Inc. Changes Its Name to X Corp. and Moves to Nevada

• E.P.A. Lays Out Rules to Turbocharge Sales of Electric Cars and Trucks

• SEC Labels Algorand and Five Other Tokens as Securities in Bittrex Lawsuit

• The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin's Anonymity

• SeatGeek Files Confidentially for IPO

• Baby Boomers Are More Sensitive Than Millennials, According To The Largest-Ever Study On Narcissism

• EY plans to cut 3,000 jobs in the US

• California Economy Is on Edge After Tech Layoffs and Studio Cutbacks

• 6,000 More Job Cuts Won't Fix 3M's Problems

• ChatGPT bombs accounting class

• ChatGPT Can Decode Fed Speak, Predict Stock Moves From Headlines

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On a special episode of the Liquidity Event, our hosts welcome Matt, a machine learning expert with a lot to say about AI. We talk language models, statistics, prompt engineers, ChatGPT, and the humanity of AI. If you're into AI or fear your laptop is sentient, listen to this episode.

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