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Hot Potato: Discover ($DFS) keeps getting tossed around between financial companies Back when Sears Roebuck was the nation’s largest retailer, it decided it would be a good idea to jump into consumer financing So in the 1980s, it bought the brokerage Dean Witter Reynolds, then the bank Greenwood Trust, then in 1985 announced the Discover card Consumer loved the Discover card, as it also charged no annual fee and was among the first to offer cash-back rewards. But merchants were hesitant to accept the new Discover card, because its owner and funder was Sears Roebuck! Why would you willingly help your competitor? Needless to say, the Discover card was not particularly profitable, and in 1993, Sears spun Dean Witter and Discover into its own public company called Dean Witter, Discover & Co. under ticker DWD. Then four years later, this company decided to merge with Morgan Stanley to form *INHALE* "Morgan Stanley Dean Witter & Discover Co." Then 10 years later, Morgan Stanley no longer wanted Discovery and decided to spin it out back into the public markets as Discover Financial Services, ticker DFS, which brings us to present day But maybe not for long, because if Capital One can get regulatory approval, Discover will once again find itself as part of a large organization. Or maybe the financial world will keep playing hot potato with Discover. 🤷‍♂️ $DFS $COF $SHLD $SHLDQ $MS $DWD #SearsRoebuck #DiscoverCard #ConsumerFinancing #DeanWitterReynolds #GreenwoodTrust #Retail #CreditCards #CashBackRewards #Merchants #Competition #MergersAndAcquisitions #SpinOff #PublicCompany #FinancialServices #MorganStanley #CapitalOne #RegulatoryApproval #Finance #BusinessHistory #CorporateStrategy #MarketTrends #FinancialIndustry If you own stocks, did you know you can sell your *shareholder voting proxies*? Most investors don’t have the time or interest to vote on directors or shareholder proposals. But instead of letting that shareholder vote go to waste, you can actually *sell it* to somebody who wants it. If you’re interested in monetizing your shareholder votes, check out my startup, Shareholder Vote Exchange (link in the bio). Shareholder Vote Exchange is the first-ever marketplace for shareholder voting rights, and I’m grateful to be one of the co-founders of this venture 🗳️ Learn more about monetizing your shareholder voting rights on Shareholder Vote Exchange: http://www.svegroup.com Hope you enjoyed this finance fun fact!

Duration: 87 sPosted : Sun, 25 Feb 2024 22:11:16

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SoundHound's Stock Surge: Nvidia's Investment and (Inefficient) Market Dynamics On February 15 of this year, the stock of SoundHound went absolutely berserk because Nvidia disclosed an investment in the company. So the story goes that back in 2017, SoundHound publicly and proudly announced it raised money for its music recognition app from Samsung and Nvidia. Then, in 2022, SoundHound went public by merging with a SPAC and once again touted NVDA was one of its investors. But at the end of 2023, Then, in 2023, NVDA’s other investments, Arm Holdings, IPO’d and caused the total value of NVDA’s investments to exceed $100 million. As a result, NVDA was required to start filing quarterly Form 13Fs with the SEC to disclose their investments Well, on February 15, NVDA filed its inaugural 13F and on the list was SoundHound. This “news but not really new” revelation sparked a frenzy among speculators and traders, and sent shares up 50% on the day. Before NVDA’s 13F, SoundHound had a market cap of $500 million. Now, it’s a $2.6 billion company. And it’s worth noting that NVDA’s investment in SoundHound was only worth $3.7 million before the run up. $NVDA $SOUN $NNOX #SoundHound #Nvidia #Investment #StockMarket #MarketReaction #Speculation #Form13F #InvestorDisclosure #StockPriceMovement #MarketVolatility #FinanceFunFact Thanks for watching! And if you own stocks, did you know you can sell your *shareholder voting proxies*? Most investors don’t have the time or interest to vote on directors or shareholder proposals. But instead of letting that shareholder vote go to waste, you can actually *sell it* to somebody who wants it. If you’re interested in monetizing your shareholder votes, check out my startup. It’s called Shareholder Vote Exchange (link in the bio). Shareholder Vote Exchange is the first-ever marketplace for shareholder voting rights, and I’m grateful to be one of the co-founders 🗳️ Learn more about monetizing your shareholder voting rights on Shareholder Vote Exchange: http://www.svegroup.com Hope you enjoyed this finance fun fact!

Disney-Trian: A Proxy Fight for the Keys to the Magic Kingdom With just a month until the 2024 Disney Annual Meeting (scheduled for April 3, 2024), the proxy battle for control of the board is really intensifying. Disney’s board of directors has 11 seats in total. Activist investor Trian Partners, led by Nelson Peltz, has nominated Mr. Peltz and Disney’s former CFO Jay Rasulo to run against two directors that Disney chose. Trian has control of about 33 million shares of Disney, which is actually only 2% of the stock, because the company’s market cap is massive. Besides Trian, - Insiders own 0.03% of the stock - the ETF managers like VG, Blackrock, and State Street own about 20% - a lot of other institutions own a piece here and there, - but most surprising is that 35% of Disney is owned by retail investors It’s a very even distribution. To get out the vote, everybody is spending big. Disney has budgeted $40 million to send out proxy materials and hired a proxy solicitor named Innisfree. Trian set up a website called restorethemagic.com and is planning on spending $25 million and hired two proxy solicitors: Okapi and D.F. King & Co., Inc. And all of this for the keys to the house of mouse $DIS #Disney #TrianPartners #ProxyFight #BoardControl #NelsonPeltz #JayRasulo #CorporateGovernance #Shareholders #Investment #ActivistInvestor #MarketCap #InstitutionalInvestors #RetailInvestors #ETFs #ProxyMaterials #ProxySolicitor #CorporateStrategy #BusinessNews #Finance This content is for educational purposes and is not financial advice. I do not provide recommendations and am not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results. Explanations are not guaranteed to be error-free. Hope you enjoyed this finance fun fact!

Breakups are expensive: when AT&T failed to purchase T-Mobile, it ended up with a $4 billion break up fee On March 20, 2011, AT&T announced a monster $39 billion deal to purchase T-Mobile from German telecom giant Deutsche Telekom. While it was questionable whether the deal would pass regulatory scrutiny, just months before Comcast and NBC completed their $30 billion merger, so AT&T thought, why not give it a shot? But the US Justice Department was quick to block on anti-competitive grounds, and AT&T knew if it went to trial, it would be a long, drawn out, but most importantly, uphill battle, so they terminated the deal. But baked into the merger agreement was a break fee. Usually, breakup fees are a low single-digit percentage of the deal’s value, but in this case, it was more like 10%: AT&T was on the hook to pay $3 billion in cash, as well as rights to some of the cellular airwaves aka spectrums that it owned, which had a book value of $1 billion, but a market value of $3 billion. To my knowledge, this $4 billion (conservatively speaking) breakup fee was the largest ever paid out. In comparison, the recently announced $35 billion merger between Capital One and Discover is similar in size, but the breakup fee is only $1.38 billion, or a third of what AT&T paid out more than a decade ago. $T $TMUS $COF $DFS #AT&T #T-Mobile #Merger #BreakupFee #DeutscheTelekom #RegulatoryScrutiny #Antitrust #JusticeDepartment #Comcast #NBC #MergerAgreement #Spectrum #CapitalOne #Discover #MergersAndAcquisitions #Telecommunications #Finance #BusinessDeal #CorporateNews #RegulatoryApproval #BusinessStrategy #FinancialRisk #MarketInsights #CorporateFinance Hope you enjoyed this finance fun fact! And if you own stocks, did you know you can sell your *shareholder voting proxies*? Most investors don’t have the time or interest to vote on directors or shareholder proposals. But instead of letting that shareholder vote go to waste, you can actually *sell it* to somebody who wants it. If you’re interested in monetizing your shareholder votes, check out my startup, Shareholder Vote Exchange (link in the bio). Shareholder Vote Exchange is the first-ever marketplace for shareholder voting rights, and I’m grateful to be one of the co-founders of this venture 🗳️ Learn more about monetizing your shareholder voting rights on Shareholder Vote Exchange: www.svegroup.com

Altcoins and Anthropic: the surprising way FTX’s depositors may get their funds back When FTX collapsed 1.5 years ago, it left a $8.7 billion hole. But now, it’s looking ever so likely that depositors are going to be made whole. And it’s mostly because of some lucky market timing and am investment in a random AI startup. FTX had lots of random cryptocurrencies on its famous “B/S” when it collapsed. But it wasn’t until September of last year that they got permission to start liquidating it, and only at $100 million per week. In the time since, the crypto winter has melted over—the CoinDesk Market Index has at least doubled since Nov 2022. The value of the altcoins and random tokens that FTX held are certainly worth more now than they were back when FTX collapsed. Separately, in October 2021, SBF invested $500 million in AI startup called Anthropic. While they aren’t as far along as OpenAI, they have attracted investment from both $GOOGL and $AMZN, and was last valued at $18 billion in December. SBF’s 7.84% stake is now worth north of $1.3 billion. So it’s looking ever so likely that John J. Ray III and his team handling the bankruptcy/liquidation will be able to find enough pennies under the couch cushions for depositors, and there may even be some funds left over to pay creditors, and potentially equity investors as well. Hope you enjoyed this finance fun fact! And if you own stocks, did you know you can sell your *shareholder voting proxies*? Nobody has the time or interest to vote for directors or shareholder proposals. But instead of letting that shareholder vote go to waste, you can actually *sell it* to somebody who wants it. If you’re interested in monetizing your shareholder votes, Shareholder Vote Exchange (link in the bio). I am one of the co-founders of this startup, and we’re building the first ever market for shareholder voting rights 🗳️ #FTX #Cryptocurrency #Liquidation #MarketTiming #Investment #AIStartup #Anthropic #CryptoAssets #Blockchain #CryptocurrencyExchange #FinancialRecovery #Bankruptcy #MarketVolatility #CryptocurrencyInvestment #DigitalAssets #FinancialResilience #CryptoMarket #AssetRecovery #FinancialRecovery #FinancialManagement #BlockchainTechnology #MarketRecovery #InvestmentStrategy #FinancialSuccess #DigitalEconomy #BlockchainInvestment #AIInnovation #FinancialPerformance #MarketOpportunity