Three Things (3/1)

Wednesday, Mar 1st 2023


“Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right.”

- Reed Hastings, Netflix founder

Activist investors swarm Salesforce

It’s amazing how quickly a bear market can turn the smart money crowd against a formerly loved business. It seems like internally, leadership is also having a few challenges up-leveling performance (something indicative across tech). 

“At least five activist investors have taken positions in the company, including Elliott Management Corp. and Starboard Value LP. They are pressuring Mr. Benioff to change the way he runs things…Salesforce executives in the proposed strategy plan said, "wellness culture overpowered high-performance culture during the pandemic” to explain the company’s recent headwinds.” (WSJ)

Netflix Experimenting

Netflix, the once House of DVD Returns, is now pushing the curve of innovation even further. All eyes are watching (pun intended) to see if its first-ever experiment with a live event works. On deck is Chris Rock. From a business perspective, can you see Netflix’s strategy? It’s continuing to branch out from TV & Movie content to Live streaming, Gaming, and more. 

“Netflix is readying for its first-ever live, global streaming event, and it’s pulling out all the stops. On March 4, the streaming giant will air its first live stand-up special, Chris Rock: Selective Outrage…with live commentary from fellow comics and messages from Rock’s famous pals, including Amy Schumer and Jerry Seinfeld” (Hollywood Reporter)

FTX Update

Another SBF lieutenant has pleaded guilty, this time, it’s a co-founder. According to the SEC, Singh wrote the code that allowed FTX customer funds to be diverted to Alameda Research, Bankman-Fried’s “hedge fund".

“FTX co-founder and former director of engineering Nishad Singh pleaded guilty to fraud charges and agreed to cooperate against his former boss, Sam Bankman-Fried, making him the third person in the FTX founder’s orbit to do so.” (WSJ)

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

How Does an Individual Receive Inheritance Money?

What Is the Debt-to-Equity Ratio?

What Is Spread Trading?

What Happens to Your 401(k) If You Get a Divorce?

Ready to become a client?

It’s time to give your wealth a future.



© Copyright 2023 Titan Global Capital Management USA LLC. All Rights Reserved.