The first family of Facebook, the most important charts in the world, and fintech dealmaking
Hello!
One minute before midnight on December 29, 2017, one of Mark Zuckerberg's personal staffers got a phone call.
So starts an explosive story from Rob Price and Becky Peterson, which shines a light on the sprawling family office of Mark Zuckerberg and his wife, Priscilla Chan. According to their reporting:
- Over the past three years, multiple personal aides to Mark Zuckerberg and Priscilla Chan have been accused of serious misconduct by their colleagues.
- One former staffer accused the manager of Zuckerberg's Hawaii properties of assaulting her after a night of drinking, which led to a hospital visit and police investigation.
- A Business Insider investigation into the Facebook CEO's secretive family office has uncovered a workplace in crisis over the family's handling of allegations of sexual harassment, racism, and transphobia.
- A representative for Zuckerberg described Business Insider's reporting as "a collection of unfounded rumors, exaggerations, and half-truths which unfairly malign several of our valued employees."
You can read their story here: A drunken late-night assault allegation has roiled the secretive world of Mark Zuckerberg's private family office. Personal aides are speaking out about claims that household staff endured sexual harassment and racism from their colleagues.
Markets were a sea of red this week as the S&P 500 posted its worst week since the financial crisis. Amid all of the coronavirus carnage, Akin Oyedele published a list of the most important charts in the world.
Akin asked asked 20 financial experts - including Nobel-winning economists and acclaimed investment chiefs - to share charts that capture the biggest trends in markets.
You can read his story here: Robert Shiller, Rick Rieder, and 18 more of the brightest minds on Wall Street reveal the most important charts in the world.
Akin also had several stories offering guidance on how to best navigate the coronavirus-driven sell-off.
- Goldman Sachs reveals the 10 best stocks to buy now for a market comeback from the coronavirus-driven plunge
- A Wall Street firm lists its 5 best hedges for an unusual coronavirus-driven market crash - and shares what to do if it's successfully contained
- BLACKROCK: Coronavirus fears have upended the most enduring drivers of stock returns. Here are 3 ways to stay afloat and beat the market.
- A hedge fund CEO who specializes in volatility told us why the coronavirus-driven plunge is a game changer - and shares 4 tips for avoiding big losses
And Bradley Saacks discovered a number of hedge funds made bets that are benefiting from the sell-off. He reported that Ken Griffin's Citadel, Larry Fink's BlackRock, and Daniel Sundheim's D1 Capital are gaining from short positions on stocks hit hard by the coronavirus.
Intuit announced a $7 billion deal to buy Credit Karma this week, the latest in a wave of fintech dealmaking.
- Paayal Zaveri talked to Intuit CEO Sasan Goodarzi and Credit Karma CEO Kenneth Lin about the rationale for the deal. Goodarzi said the deal would help it put "a financial assistant in the pockets of consumers."
- Melia Russell talked to two early investors in Credit Karma about why they took a risky bet during the worst financial crisis of the century and how it's paid off.
- Dan DeFrancesco talked to fintech dealmakers to identify seven buzzy companies Wall Street could target next.
- And Rebecca Ungarino talked to industry insiders to pinpoint five companies they think JPMorgan could try and buy after Jamie Dimon said the bank would be "much more aggressive" on M&A.
- Elsewhere in finance, Franklin Resources and Legg Mason's $4.5 billion merger is the latest in a wave of asset manager M&A. Bradley and Rebecca highlighted four more potential takeover targets.
That's all for this week. Enjoy your Sunday!
-- Matt
Finance and Investing
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Tech, Media, Telecoms
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Healthcare, Retail, Transportation
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Leadership and Entrepreneurship
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