When individuals find themselves with a large concentrated stock position due to working at a company like Nvidia, there is inherent pressure to stay invested. However, it is crucial to exercise stock options, sell, and diversify once a significant portion of net worth is tied to one asset. Diversification is essential to avoid potential wealth loss and mitigate risks associated with a single company's performance, even if the company, like Nvidia, is experiencing significant growth. Market conditions can quickly change, impacting stock valuations and necessitating proactive diversification strategies to protect wealth.
Kara and Scott discuss New York's plan to regulate social media for kids, X's new rules on adult content, and Shane Smith's latest venture at Vice. Then, federal regulators move forward with antitrust investigations in the AI sector, while Nvidia surges to a $3 trillion market cap, and gets ready for a stock split. Plus, a group of current and former OpenAI employees call for transparency and whistleblower protections. Finally, a listener question about the recent ruling that blocks Fearless Fund from issuing grants to Black female entrepreneurs.
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