Venture Capitalist Fred Wilson bet $10M on a start-up called Twitter. Five years later, Twitter has no profits, but it has brought down governments and a Congressman and is valued at $8B. Fred tells Jim Zirin what accounts for Twitter’s meteoric rise.
As CEO and Chairman of Bear Stearns, he saw the firm grow into a titan. Then came 2008, and the world turned upside down. Ace Greenberg pulls no punches as he tells of the sinking of an “unsinkable” ship.
Fiscally hemorrhaging, Greece was about to be turned down for EU membership until bankers convinced the Greek treasury to buy digitally priced currency swaps to sidestep regulatory requirements. Then the banks shorted Greece.
Last year Steven Chen was a college dropout, and Chad Hurley wanted to go to grad school. This year, they sold YouTube for $1.65 billion even though their startup had never turned a profit. Is the tech bubble about to boom or bust?
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