Tony Hsieh’s American Tragedy | Hollywood’s Tectonic Shift | The Most Valuable Esports Companies

Good morning.

More than 20 close friends and colleagues of
Tony Hsieh helped trace the dark last few months of one of America’s most visionary business leaders. We’ve also ranked the world’s most valuable esports companies, and break down WarnerMedia’s seismic decision to make its entire 2021 film slate available both via streaming and in theaters.

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

In The News Today

President Trump’s personal attorney Rudy Giuliani has been hospitalized after testing positive for Covid-19, making him at least the 53rd person in the president’s inner circle to contract the virus.

A mysterious illness has affected at least 345 people in the southern Indian state of Andhra Pradesh—local authorities said that all patients have tested negative for Covid-19.

Top Take-Aways

Arizona’s Maricopa County, a key battleground in the presidential election, confirmed the FBI is investigating a breach of voter data—the only known probe by the FBI into a cyberattack on an electoral body responsible for handling the 2020 election.

A report by the inspector general of the commerce department revealed a long-standing investigation into Commerce Secretary
Wilbur Ross, who was found to have violated a federal regulation by failing to avoid the appearance of alleged ethical and legal breaches.

The pandemic may have hurt the casinos part of billionaire
Sheldon Adelson’s empire, but it hasn’t affected him and his wife’s Miriam’s political giving. The couple has spent more than $215 million—up over 70% from 2018—in donations supporting the GOP and Donald Trump in 2020.

WarnerMedia’s decision to release all 17 of its scheduled 2021 film slate simultaneously on its HBO Max streaming service and in theaters in the U.S. sent shockwaves through Hollywood. Here’s what motivated this unprecedented move—and the possible consequences.

After visionary business leader
Tony Hsieh died following a house fire in late November, questions abounded. Forbes has interviewed more than 20 of his close friends and colleagues, each trying to come to grips with how this brightest of lights had met such a dark and sudden end. 

Would you turn your home into a
WeWork? It may seem a tough pitch amid a global pandemic, but this startup is betting that creating a platform to allow people to host a coworking space in their own property can result in a win-win situation.

Esports companies have long been heralded as the future of sports, but it turns out that they are as exposed to loss of income from stadium events as any other form of entertainment. Forbes identified the most valuable esports companies of 2020—but the losers outweighed the winners this year.

Today's Must Read

 
How Bill.com, The Boring Bookkeeper Of Fintech, Became One Of 2020’s Hottest Stocks
 
 
 
How Bill.com, The Boring Bookkeeper Of Fintech, Became One Of 2020’s Hottest Stocks

After being pushed out of his first startup, Rene Lacerte spent 13 years building his bill paying startup into a unicorn.

Now, 20 months later,
it’s worth $9 billion.

Read The Full Story →
 

In Case You Missed It

Oracle cofounder Larry Ellison’s fortune rose $2.5 billion last week, as shares of his software giant climbed ahead of a quarterly earnings report—but the billionaire whose fortune rose the most in dollar terms over the past week is to be found in Asia, where stocks also enjoyed a big week.

Tips You Can Trust

Across Forbes

 
30 Under 30 In Venture Capital 2021: Meet The Young Investors Spotting Tech’s Next Breakouts
 
 
 

Under 30

30 Under 30 In Venture Capital 2021: Meet The Young Investors Spotting Tech’s Next Breakouts

From new fund managers to diversity-focused game-changers, these standout Under 30 investors are leading venture capital's new wave.

For more on how young innovators are changing the world, click here to instantly sign up for the weekly Under 30 newsletter.

Read The Full Story →
 
Why Robinhood Got So Big in 2020
 
 
 

Money Always Talks

Why Robinhood Got So Big in 2020
 

Although the investment app Robinhood has been around since 2014, its popularity shot up dramatically during the COVID-19 pandemic. On this episode of Money Always Talks we take a look at why this happened and what you should be aware of if you decide to start using Robinhood to trade stocks and options.

Watch
 
 
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