Cathie Wood Won’t Fold | U.S. Truck Convoy Backers | Relocating Ukrainian Tech Workers

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Good morning.

Truck-driving a
nti-vaccine mandate protests brought Canada to a standstill earlier this month. Now a conservative political action committee wants to import them to the United States. We’re also covering stock picker Cathie Wood’s enduring support for tech stocks despite the downturn, and what American and Israeli companies are doing to protect their Ukraine-based tech workers. Finally, don’t miss this story about how a struggling Australian game maker made a winning bet on NFTs.

Sofia Lotto Persio

Sofia Lotto Persio

Curator-In-Chief | Twitter

In The News Today

Russia’s Defense Ministry claimed more tanks are withdrawing from the border with Ukraine, as tensions flare in the disputed region of Donbass in Eastern Ukraine, which was hit by shelling yesterday.

Digital bank Chime decided to delay its initial public offering until the second half of this year, but it’s still targeting a valuation between $35 and $45 billion.

Top Take-Aways

Inspired by the protests that blocked a key bridge between Canada and the U.S. last week, and have spread to countries such as France and New Zealand, a conservative political action committee is recruiting participants for American truck convoys to demonstrate against Covid-19 lockdowns and mandates.

In recent years, Ukraine provided a hub of tech talent for
American and Israeli startups. The threat of military confrontation with Russia has forced those companies to consider evacuation plans for their employees.

As a decline in tech stocks hits investment firm Ark Invest’s flagship fund Ark Innovation ETF, its CEO Cathie Wood doubled down on her staunch bullishness for disruptive technology: "Give us five years," she said.

The omicron coronavirus variant proved more expensive than budgeted for America’s largest employer.
Walmart spent $400 million in its fourth quarter on employee paid sick leave, well above the over $100 million it had anticipated.

It’s a good time to be a
luxury powerhouse. Earlier this week, LVMH announced record results for 2021, reporting a 44% revenue increase compared to 2020. Rival Kering also saw double-digit growth, propelled by the success of its fashion houses.

U.S. and U.K. tourists are among the 50+ countries whose citizens will need to take an extra step before traveling to Europe’s Schengen zone. Starting spring 2023, travelers will require to register for an online visa waiver. 

Today's Must Read

 
How An NFT Pivot Turned A Tiny Mobile Game Company Into Multi-Billion Dollar Powerhouse
 
 
 
How An NFT Pivot Turned A Tiny Mobile Game Company Into Multi-Billion Dollar Powerhouse

Yat Siu has transformed Animoca Brands from a struggling Australian game maker into a blockchain powerhouse. His audacious gamble on more than 150 NFT investments is the ultimate litmus test for the future of the $200 billion video game industry.

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In Case You Missed It

Shift4 billionaire founder Jared Isaacman plans to go back to space this year with a series of SpaceX flights that include a number of firsts for private spaceflight—including the first crewed Starship mission.

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Tips You Can Trust

No matter how much preparation goes into a task or an event, some things may not go according to plan. Don't despair—take it as a chance to test your leadership. Here are five ways to stay calm when facing the unexpected.

Spending eight hours in bed doesn't necessarily mean you're having a good night's sleep. Here are three simple steps to disconnect your brain and get a proper rest.

Today's Must Watch

 
MacKenzie Scott Donated More In Two Years Than Ex-Husband Jeff Bezos Has In His Lifetime
 
 
 

Features

MacKenzie Scott Donated More In Two Years Than Ex-Husband Jeff Bezos Has In His Lifetime
 

MacKenzie Scott, who has no foundation and gives her wealth away in stealth, donated $5.8 billion to 500 different groups across the country in 2020. Last year, she continued giving her fortune away faster than any billionaire ever—pushing her estimated lifetime donations above $8.6 billion.

Watch
 

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Join us on Wednesday, March 2, for the 2022 For(bes) The Culture Culturally Accountable Summit as we focus on cultural accountability as it relates to building wealth within Black and Brown communities. Sign up to gain Insights from Monique Idlett, Percy (Master P) Miller, Antonio Mackey and more. Don’t miss your chance to register for free today.

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