How Musk, Thiel, Zuckerberg, and Andreessen - Four Billionaire Techno-Oligarchs - Are Creating an Alternate, Autocratic Reality | A 27-year-old investor building a retirement portfolio of $2 million in 8 years shares why he's heavily buying a fund paying a 12% annualized yield on a monthly basis with tax advantages | What's next for Disney as CEO Bob Iger works to streamline the company, cut costs, and make streaming profitable

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Don't like ads? Go ad-free with TradeBriefs Premium How Musk, Thiel, Zuckerberg, and Andreessen - Four Billionaire Techno-Oligarchs - Are Creating an Alternate, Autocratic Reality    Four very powerful billionaires—Peter Thiel, Elon Musk, Mark Zuckerberg, and Marc Andreessen—are creating a world where "nothing is true and all is spectacle." If we are to inquire how we got to a place of radical income inequality, post-truth reality, and the looming potential for a second American Civil War, we need look no further than these four—"the biggest wallets," to paraphrase historian Timothy Snyder, "paying for the most blinding lights." I call them the Technocrats, in recognition of the influence of the technocracy movement, founded in the 1930s by Elon Musk's grandfather, Joshua Haldeman. The Technocrats make up a kind of interlocking directorate of Silicon Valley, each investing in or sitting on the boards of the others' companies. Their vast digital domain controls your personal information; affects how billions of people live, work, and love; and sows online chaos, inciting mob violence and sparking runs on stocks. These four men have long been regarded as technologically progressive heroes, but they are actually part of a broader antidemocratic, authoritarian turn within the tech world, deeply invested in preserving the status quo and in keeping their market-leadership positions or near-monopolies—and their multi-billion-dollar fortunes secure from higher taxes. ("Competition is for suckers," Thiel once posited.) Indeed, they are American oligarchs, controlling online access for billions of users on Facebook, Twitter, Threads, Instagram, and WhatsApp, including 80 percent of the US population. Moreover, from the outside, they appear to be more interested in replacing our current reality—and our economic system, imperfect as it is—with something far more opaque, concentrated, and unaccountable, which, if it comes to pass, they will control. Continued here A 27-year-old investor building a retirement portfolio of $2 million in 8 years shares why he's heavily buying a fund paying a 12% annualized yield on a monthly basis with tax advantages    Austin Hankwitz was a financial analyst at Medicis, a healthcare company, before he began creating personal finance content on social media platforms in 2020. To date, he has amassed over 700,000 followers on TikTok alone.  His short videos that break down investing concepts and share stock ideas that could make for good investment opportunities gained widespread attention from young retail investors during the pandemic lockdowns.  At the turn of the year, he decided to set a goal for himself and bring his followers along for the journey. It was to build an investment portfolio worth $2 million and to try and do it within eight years with the possibility that it could take him up to 15 years.  Continued here What's next for Disney as CEO Bob Iger works to streamline the company, cut costs, and make streaming profitable    When Bob Iger came back to Disney in November 2022, the company and the town celebrated the return of a successful and statesmanlike CEO for the world's largest entertainment brand.  Two years under Iger's predecessor Bob Chapek left the company reorganized — in ways many company insiders didn't like — and executives, teams, and creative partners demoralized. But Iger soon had to get tough, announcing 7,000 job cuts as part of $5.5 billion in cuts. Over the spring, those layoffs were completed, but the tough decisions are not. Iger has made it clear he is looking for buyers and partners for significant parts of Disney's business. Continued here

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