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

In this episode we've got a delicious IPO: a small southern California ramen company listed this week. We look forward to slurping up those returns. Then we've got some sports news. Peloton's Chairman departed amidst poor post-pandemic performance for the stationary bike firm. In other bad sports money news, the New York Times has a deep dive into why tennis appears to be a poor economic performer despite the growing popularity and general international love for the sport. We wrap up the show with housing and education news and some hot travel tips!

Links

Wall Street's Favorite Sport Is a Failing Business

Peloton Chairman John Foley to Exit in Management Shake-Up

US bans 'advanced tech' firms from building facilities in China for a decade

Apple unveils the iPhone 14 and iPhone 14 Plus

Buy houses and property for sale in the best neighborhoods | Flyhomes

California Passes Law Requiring Companies to Post Salary Ranges on Job Listings

It's Lord of the Rings day on the podcast! Elon Musk doesn't like the portrayal of men in the Rings of Power, well jokes on him, we haven't even met the race of men in Middle Earth yet. After the first five minutes of this episode, you'll wish you never even left the Shire. No surprises here but AJ does not agree with Elon Musk's take on the show. Then we get into some actual finance articles about Mark Cuban's pharmacy start-up and the withdrawal of the Chobani yogurt IPO. We've got a few TikTok influencers trying to take their tiny marketing business public and a neat app that will find a nice private outdoor space for your yuppie dog to play in. Shane's home state of Mississippi decided to tax Biden's student loan forgiveness as an assumed F*** You to the democratic administration. This one is twisted.

Links

Elon Musk doesn't like the portrayal of men in Lord of the Rings

Mark Cuban's pharmacy startup is actually making drugs less expensive. It's still working on solving the real problem

SEC Issues First Fee Rate Advisory for Fiscal Year 2023

Startup founder unleashes new venture: SniffSpot looks to connect dog owners with safe play spaces

Yogurt brand Chobani withdraws estimated $1.5 billion IPO

Mississippi confirms it will tax forgiven student loan debt

Shane and AJ are back at it! If you missed them, don't worry, they spend at least half the episode talking about themselves. But there is some meat on this bone. Blackrock can't make up its mind about whether it wants to stop climate change or make money in Texas. Then we've got some bad actors in the tax fraud and sexual harassment space. And we round out the episode with some great news for taxpayers: The IRS gets 80 billion dollars to fix itself. This one is evasive.

Links

Texas blacklists BlackRock, other financial firms for 'boycotting' oil and gas (NYSE:BLK)

Google searches for 'sell my home fast' spike 2,750%

'Best Boss in America' Accused of Sexual Assault

Yoga to the People Leaders Arrested for Tax Fraud

Opinion | Why does the IRS need $80 billion? Just look at its cafeteria.

Kate is in the hot seat this week while Shane is schmoosing with accountants at a conference in New Orleans. We love breaking news here on the podcast, and we got just that: Biden broke the internet with his student loan cancellation rollout. We have all the juicy details. Our hosts react to a guilty daughter struggling with supporting her mother financially. On other news, Chamath, an undisputed SPAC king is desperately trying to find an acquisition target for a billion dollars. In other news, Serena Willians is leaving tennis forever (she says!) and redefining retirement. This one is forgivable.

Links

Student Loans are canceled! If you make less than $125,000

I'm Tired Of Financially Supporting My Mom. Am I A Bad Daughter?

The SPAC King Goes Silent With His Empire Shriveling

Welfare Queens | No Mercy / No Malice

Serena Williams' View Of Retirement Is A Warning Shot For Financial Advisors

Oh brother! Shane is out at summer camp, so we've got everyone's favorite dude from Pennsylvania, Mr. John Owens on the mic with AJ. Our hosts are extra critical of Mark Andreessen's decision to invest $350 million into Adam Neumann's new real estate company Flow. You may remember Adam Neumann from his previous startup, WeWork, which is still limping along while Mr. Neumann left unscathed with more than a billion dollars. We've got Zuck of Meta and Pichai of Google whining that their employees aren't working hard enough. Let us buy shit we don't need on Instagram in peace, please! Then we've got a guy who hid billions in assets from the IRS and almost got away with it. Also mentioned: Malcolm Gladwell, Rivian, and Taylor Swift's PJ. This one is offshore.

Links

Andreessen Horowitz announces plans to invest in Adam Neumann's new residential real estate company

'Too many employees, but few work': Pichai, Zuckerberg sound the alarm

Rivian Automotive maintains production guidance but warns on near-term losses(NASDAQ:RIVN)

Malcolm Gladwell doubles down against working from home: 'Offices really do matter'

Ex-Twitter employee found guilty of spying on Saudi dissidents

Taylor Swift clarifies she wasn't even on most of those 170+ trips her private jet took this year

Billionaire Robert Brockman, Accused of Biggest Tax Fraud in U.S. History, Dies at 81

Levels.fyi | Salaries & Tools to Level Up Your Career

Hochul administration moves to shut gas powered cryptocurrency plant

On this week's episode of the Liquidity Event we have special guest Ryan Furlong, CFP and senior financial planner join Shane for a deep dive into the Inflation reduction Act and a review of this weeks crypto goofs. After forgetting to mention the $80bn that the IRS is getting to audit HENRYs the boys revisit the incoming CPA drought and all the reasons why your eyes bugged out when the waiter brought the check this summer. Shane's August budget is $0. The FBI raid on former president Trump's Mar-a-Lago home distracted us from a second giant piece of legislation, the CHIPS act, which provides hundreds of billions of funding to the expansion of the domestic semiconductor industry. Shoutout to onshoring! Finally, the inflation boogeyman may be waning, we're not sure, but at least gas prices are down 20% and flights are 10% cheaper! Book the ticket, take the ride. Or Slay. Whatever Gen Z is saying. We need an intern.

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Links

Thousands of Solana wallets drained in multimillion-dollar exploit – TechCrunch

Bitcoin: Missing hard drive could fund Newport crypto hub

The Indicator from Planet Money - If the world had no accountants

California declares a state of emergency over monkeypox outbreak, following New York and Illinois

That Dinner Tab Has Soared. Here Are All the Reasons.

Biden signs semiconductor bill into law, though Trump raid overshadows event

Democrats passed a major climate, health and tax bill. Here's what's in it

Gas Prices Have Fallen 57 Straight Days

It's a long one folks. Our hosts are extra passionate about taxes and bronzer this week. Shane starts us off with some NFT optimism with the news that Muse will sell 1000 digital copies of their next album to lucky fans. Rock and Roll is the only feasible use case our hosts see for Non Fungible Tokens. Then we have the news that Glossier will be sold in Sephora stores which AJ thinks is a key indicator the millennial-focused beauty brand will be acquired by LVMH. In other news, the Jetblue and Frontier battle for Spirit Airlines comes to a close and summer travelers should strap in for higher fares now that the bargain basement airline is getting a shiny coat of blue paint. Our hosts wrap up with three tax avoidance schemes involving Bill Gates, Shakira, and Donald Trump. This one is elevated.

Links

Sales from the crypto: Muse NFT album to become first new chart-eligible format in seven years

The Legal Recognition of Financial Planners Through Title Protection

Glossier Is Heading to Sephora

JetBlue Agrees to Buy Spirit Airlines for $3.8 Billion After Frontier Deal Dies

Even if you never fly Spirit, here's why JetBlue buying them is bad for you

Vast New Study Shows a Key to Reducing Poverty: More Friendships Between Rich and Poor

Amid global hellscape, Bill Gates to tank his wealth ranking, gives away $20B

Shakira could face 8-year prison term if convicted in expected tax fraud trial

Will Ivana help Donald Trump with tax breaks from beyond the grave? | Donald Trump | The Guardian

Will Ivana Trump's burial at Donald's golf club give the former president a tax break?

In this week's episode of The Liquidity Event, our hosts are delirious from the summer heat, and you can sense their deliriousness. AJ's freshly inspired from attending an Equity Compensation conference (they do exist!) and Shane makes a sad attempt at innuendo. We have people getting hung out of windows and Janet "Yellin" Yellen trying to define the relationship with South Korea. Also, we finally have an IPO to get excited about, but the team has uncovered some whacky loans and a failure to launch in the company's history. Finally, we uncover why you didn't smash the purchase button on that round-trip ticket to Cancun. This one is delirious.

Links

76 Fake Charities Shared a Mailbox. The I.R.S. Approved Them All.

Google's CEO Has a Brilliantly Simple Plan To Recession-Proof His Staff. Any Business Can Use It

Yellen says the U.S. and its allies should use 'friend-shoring' to give supply chains a boost

Why are flights so expensive right now?

SEC Charges Former Indiana Congressman with Insider Trading

On this episode of The Liquidity Event, our hosts are having too much fun. They admit they haven't read a book in weeks. So instead they will bore you with what's on the smart TV. Shane is watching Attack on Titan and AJ just finished The Gilded Age. Speaking of The Gilded Age, Google's stock split. That's good news for retail investors. Then we wrap up the show with the Frontier Airlines merger saga. The battle between Spirit and Jet Blue for ownership is still ongoing. This one is flighty.

Links

'They couldn't even scream any more. They were just sobbing': the amateur investors ruined by the crypto crash

It Will Be a Lot Easier to Add Google Stock to Your Portfolio on Monday

ISS urges Spirit shareholders to vote against Frontier merger, calls JetBlue bid superior

Holy hell! The Liquidity Event made it to 50 episodes! If you stayed up for 24 hours straight, you still wouldn't even get through all the podcast episodes! To celebrate, we've got three hosts! In addition to AJ and Shane, we've got everyone's favorite ham, John Owens. In this episode, we're talking about the Elon Musk Twitter deal, the new CPA exam (yawn), the overall success of the PPP Loan program, and startup equity vs. 401(k)s. This one is for the books.

Links

Elon Musk's Fixer Is Quietly Tending the World's Biggest Fortune

The blueprint for the new CPA Exam is out.

Was the Paycheck Protection Program Effective?

Start-Up Equity Is a Great Retirement Plan, if You Can Pull It Off

I curate home libraries for celebrities like Gwyneth Paltrow and Oprah. Here's how I turned my book hobby into a 7-figure business.