Why People Keep Investing in Cool Companies That Lose Money

Why People Keep Investing in Cool Companies That Lose Money

Recently, we’ve been looking at unicorns — those tech companies that are just so Now! that, like Uber, Airbnb, and DoorDash, they are part of our everyday conversation. But as Gary Smith and Jeffrey Funk have noted, they don’t make money. And seldom or never have. For years on end. The recent downturn could mean … Read more

Small banks in China are running into trouble. Savers could lose everything

Small banks in China are running into trouble Savers could

The 45-year-old entrepreneur asked us to call him Peter for security reasons. He’s from the eastern city of Wenzhou and is just one of thousands of depositors who have been fighting to recover their savings from at least six banks in rural provinces in central China. “I’m close to having a nervous breakdown. I can’t … Read more