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'Big Short' investor Michael Burry is not impressed with Anthropic valuation
America’s popular investor, Michael Burry who is also known for predicting the 2008 housing crash in the US has now cast doubt on the sky-high valuations of both Anthropic and SpaceX, warning that hype rather than fundamentals is driving investor enthusiasm. As reported by Business Insider, in recent Substack discussions, Burry said that he sees little justification for Anthropic’s nearly $1 trillion valuation, calling its AI model business “far too expensive” and unsustainable in the long...
Michael Burry says neither SpaceX nor Anthropic is worth $1T
Michael Burry says he has major doubts about SpaceX and Anthropic's lofty valuations. In recent discussion threads on his Substack, the investor of "The Big Short" fame questioned the worth of Elon Musk's rocket, satellite, and AI company, and the maker of popular AI model Claude. "Any move up will be on hype and technicals," Burry wrote about SpaceX stock in a subscriber chat he started on Saturday.
Ceiling, floor and NBA comps for the top 12 prospe...
Welcome to June, which means it's officially NBA draft time. In a little over three weeks (June 23 and 24, ESPN/ABC/ESPN App), the draft will unfold at Barclays Center in Brooklyn, where all 60 picks will be revealed for a talented 2026 class. Though the league's 30 teams are still working on their draft boards, it's never too early to play everyone's favorite parlor game: comparing incoming prospects to NBA players -- past and present.
Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts
Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts NEW YORK, June 9 : Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle. On the face of it, the company is a natural target for short sellers - investors who sell borrowed shares to profit from a future slide in prices. With an estimated price-to-revenue multiple of 56, eye-popping even for the fastest-growing companies, and concerns about governance, it makes for a logical short bet.
Compulsory 20% tips on all beers and food for England fans at World Cup as bars and restaurants change policy
Compulsory 20% tips on all beers and food for England fans at World Cup as bars and restaurants change policy All fans, including those supporting England at the World Cup, must pay the compulsory gratuity of 20%, as many bars and restaurants in the US have changed their policy England fans will be paying an extra 20 percent on their beers at the World Cup. Many pubs and restaurants are putting compulsory gratuities on supporters bills because they fear low-paid staff will end up out of pocket.