Exec Sum @exec_sum
The dankest daily newsletter with 350K+ subscribers covering all things Wall Street & Silicon Valley (and it’s free) // powered by @litcapital execsum.co Joined January 2021-
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CEO of Citadel Kenneth Griffin: "We're in the research business first and foremost. Trading is simply how we monetize our research."
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NEWS: Former Salomon Brothers bond trader, Howard Rubin, arrested for allegedly sex-trafficking women to his ‘sex dungeon’ penthouse apartment in NYC
NEWS: Vista Equity Partners is now coordinating and underwriting debt deals for its own portfolio companies.
BREAKING: ByteDance to get about 50% of TikTok US profit under Trump deal This includes receiving a licensing fee on all revenue generated from making its algorithm available to the US operating entity as well as a share of the profit in proportion to its equity stake
BREAKING: Banks are being ordered to dig through account closures to find ‘debanking’ cases The Trump admin is probing if services were denied over politics or religion, with letters going to thousands of banks with Dec. 5 deadline to offer re-engagement options
BREAKING: U.S. to implement 100% tariff on drugs made by companies who aren’t building factories in America
Intel continues to surge off speculation that Apple might make an external investment
BREAKING: Starbucks to close stores and cut 900 jobs in $1B restructuring, per Axios CEO Brian Niccol said the company identified locations that were "unable to create the physical environment our customers and partners expect [...] or path to financial performance."
BREAKING: Robert Kraft to sell 8% stake in New England Patriots at around a $9B valuation The buyers are billionaire Dean Metropoulos and private equity firm Sixth Street Partners
Exec Sum retweeted
Investment bankers popping adderall before spending the next 18 hours working on dynamic financial models with various scenario toggles and dozens of slides that the client will spend 5 seconds glancing over
BREAKING: Amazon will pay $2.5B to settle an FTC lawsuit, including $1.5B in refunds to customers The FTC alleged Amazon misled millions into signing up for Prime and made cancellation intentionally difficult
Exec Sum retweeted
Kalshi odds for what South Park characters will say during the prediction markets episode.
Exec Sum retweeted
stock market bears in 2025
BREAKING: FINRA passes motion to remove $25,000 Pattern Day Trading (PDT) rules to the SEC for approval This would be a massive benefit to retail traders
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