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By the time Chinese police dismantled Qian Zhimin’s operation, nearly 130,000 people, many of them elderly, had put money into it https://t.co/u5HYvyZxRt ...

Oaktree is seeking new minority investors for Pure Data Centres to raise at least £800 million to bankroll the expansion of the UK data center developer, according to people familiar with the matter https://t.co/3KH7HFmKTQ ...

Financial Performance - Trading activities generated a profit of $2 million [1] - Aims to increase the profit to $10 million [1] Investment Strategy - Shares all trade entries beforehand in a private VIP Telegram group [1]

Members-Only Event: Smart Tax & Investment Moves For 2025https://t.co/19qwjcww5o https://t.co/ffmiWE2ifj ...

China is pushing Trump to roll back curbs on Chinese deals in the US, using the prospect of a massive investment package https://t.co/MaNPhy4RHD ...

Core Insights - The sale of Barstool Sports by Dave Portnoy to Penn Entertainment for approximately $551 million highlights the potential of entrepreneurship as a significant wealth-building strategy in the U.S. [1][5] - Portnoy's subsequent repurchase of Barstool for just $1 illustrates unique circumstances that allowed him to regain control of the company [5] - The sale was influenced by Penn's strategic partnership with ESPN, which necessitated a rebranding of its sports betting service, leading to operational challenges for Barstool under Penn's ownership [2][3] Company Overview - Barstool Sports was sold to Penn Entertainment for $551 million, but Portnoy later repurchased it for $1, indicating a remarkable turnaround [5] - Penn Entertainment's CEO, Jay Snowden, acknowledged the difficulties faced by Barstool Sports in the heavily regulated gambling industry, which conflicted with Portnoy's controversial public persona [3][4] Industry Context - The gambling industry is characterized by strict regulations and licensing requirements, which can complicate ownership dynamics, as highlighted by Penn's challenges in maintaining licenses due to Portnoy's image [3] - The article emphasizes that while entrepreneurship can lead to significant wealth, it also carries risks, with a notable 65% failure rate for new businesses within the first decade [6][7]

In what could be the most consequential shift in the American investment industry in years, Vanguard rivals are finally getting their hands on its tax-busting fund design https://t.co/1rfd4QvHTa ...

With a client list that includes Nvidia, Anthropic and Uber, Grafana Labs is flexing with $400 million in annualized revenue — and new investment from a tender offer of up to $150 million. https://t.co/SuyFNy3mhk ...