Risks and Misrepresentation in Family Offices and Tech Firms

All news. First we break down the SEC's allegations from one of the craziest financial stories since Bernie Madoff, Archegos Capital (4:20). Then cover: Bolt being sued by its largest customer (28:47), Google and Microsoft's Q1 2022 earnings for the first quarter (42:45) and Apple selling iPhone spare parts and repair tools (1:02:10). We wrap with GM's EV corvette announcement (1:07:20).

00:00 Jason and Molly tee up today’s news stories
04:20 Archegos Capital owner Bill Hang and its CFO were arrested this morning for concealing billions of dollars of leverage that led to the firm closing last March
10:25 Cyvatar - Get your first 2 months free at https://cyvatar.ai/twist
11:42 More on the Archegos Capital fraud and losses
22:17 Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
23:23 Family Offices and the Archegos fraud
28:47 Bolt sued by their largest customer for failing to deliver on product & potentially, maybe, allegedly committing light securities fraud?
38:42 Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
39:58 Facebook Q1 revenue up 7% y/y, net income down 21% y/y
42:45 Google reported earnings yesterday after the markets closed
51:58 Microsoft reported earnings yesterday after the markets closed
56:58 Manscaped released their Q4 and 2021 full year earnings
1:02:10 Apple acting on Right to Repair
1:07:20 Chevy is making an electric Corvette

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