The Best One Yet 📕 “Hedge Fund University” — Harvard’s $2B battle. Coachella’s Pay-Now-Party-Later. Netflix’s Dr. Evil plan.
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Apr 16, 2025 Harvard’s battle over a $2 billion funding loss highlights the complexities of endowment management. Coachella’s ticket sales reveal that 60% rely on payment plans, transforming the way festivals fund themselves. Meanwhile, Netflix aims for a staggering $1 trillion market cap by 2030, pushing into new global markets. On a lighter note, Uber’s Lost & Found data showcases the funniest forgotten items, with October 26th crowned the most forgetful day of the year. Join for a mix of serious finance and amusing anecdotes!
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Uber Lost & Found Oddities
- Uber's lost & found has entries like sewing machines, plungers, urinals, and live turtles left behind.
- Chicago, Miami, and New York City top the list of most forgetful cities.
Harvard Endowment Spending Insight
- Harvard's $50 billion endowment is only spent through its returns, not the principal.
- The 5% returns generate about $2.5 billion yearly, subsidizing tuition and operations without spending the endowment itself.
Harvard vs. Trump Administration
- Harvard refused demands from the Trump administration to rid the university of so-called woke ideology.
- In retaliation, the Trump admin froze $2.2 billion in federal funding and threatened tax-exempt status.