Money

Elon Musk loves Joe Biden

Good morning.  In a lengthy phone interview with Fortune’s Vivienne Walt last week, the world’s richest man (sorry, JB) gushed over the new American president. “I’m super fired up that the new administration is focused on climate,” he said.  Musk fan boys can tell you that his political views have long leaned to the right, on …

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Clubhouse reaches a $1 billion after taking off some nine months ago

It’s hard to understate the buzz around Clubhouse, the social media startup that reached a reported $100 million valuation when it had just 1,500 users. Now some nine months after its launch, the company revealed over the weekend that it had raised another round of funding led again by Andreessen Horowitz’s Andrew Chen. While the …

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Exclusive: Harry’s Labs takes a skin care approach to hair care with new brand Headquarters

The skin care product industry has soared to unprecedented levels in both popularity and sales over the last few years, knocking down makeup sales along the way, in major part to a less than glamorous concept: routine. From beauty blogs to Reddit, skin care obsessives share in precise detail about ideal, daily (and often twice …

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What the savvy investor can learn from the bonkers rally in GameStop shares

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. Tech stocks are leading the way this morning, sending U.S. futures mostly higher, and lifting global stocks, too. It’s a big earnings week for Big Tech with …

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We are all tech companies now

Good morning. If you want to pick one statistic that indicates how much business has changed in the last half century, I’d choose this one: intangible assets as a percentage of total assets. It shows the rise of things like patents, software, data, brand, and the decline of hard assets like land, buildings, equipment, inventory. …

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The founder who decided to to stop fundraising and instead hold onto her equity

This is an installment of Startup Year One, a special series of interviews with founders about the major lessons they have learned in the immediate aftermath of their businesses’ first year of operation. Many founders fall into the trap of believing that fundraising is a rite of passage in the startup world. But it can …

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What does big business need to do to earn your trust?

A peaceful transfer of power doesn’t mean that threats of political violence—and difficult conversations about it—have ended. Tim Ryan, the chair of PwC U.S. weighs in with some advice below. (Hint: The actual challenge leaders are facing is proving that they’re trustworthy.) But first, here’s your Inaugural poet Amanda Gorman-inspired week in review, in Haiku. …

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