News, Tweets & Table’s

Top Stories

1. Google selling Domains business for $180m to Squarespace

2. FTC applies order to block Microsoft from buying Activision

3. Larry Ellison Climbs to #4 richest as Oracle revenue grows +17% YoY

4. Wealth table according to Billionaire

5. Tweets

1. Google selling Domains business for $180M to Squarespace

10M Domains hosted on Google Domains to be transferred to Squarespace. -Bloomberg

_{Squarespace rose 7% after hours on the news}

2. FTC applies for restraining order to stop Microsoft from purchasing Activision

• Microsoft wants to pursue the deal anyway

• Hearing on FTC’s date set for Aug 2

• Microsoft President Brad Smith: “ We welcome the opportunity to present our case in federal court. We believe accelerating the legal process in the U.S. will ultimately bring more choice and competition to the market.” - CNBC 

Activision stock fell 1% while Microsoft’s rose 2%, both little affected by the news

3. Larry Ellison climbs to #4 richest as Oracle reports revenue +17% YoY

Quarterly revenue jumped 17% YoY to $13.8B, while net income rose 4% to $3.3B, both beating expectations

4. Rich guy (Insights)

Today’s story is about a guy who:

• Built a $500M fortune by creating magazine brands

• Admitted to spending $100M+ on hookers & drugs

• Was a poet, author, entrepreneur & certified party animal

Here are some of my favorite lessons from Felix:

1. “Don’t loan money to friends. You’ll lose the money, and the friend”

2. “Empty your mind when negotiating. Never fall in love with the deal. A deal is just a deal. There will always be other deals and opportunities”

3. “Dream big, act small. Come up with huge visions for yourself, then focus on the small steps you need to take to get there. And most importantly, avoid the opposite - thinking small and acting big!”

4. “if you can count how much money you have, you’re not really rich”

5. “Great ideas are not waht make you rich. Great execution is. Ideas are like nike shoes. They’re nice, but at the end of hte day, it’s the athlete that wins, not the shoes”

6. “I was working 12-16 hours a day making money. I had hundreds of millions of dollars of assets…but I just could not let go. It was pathetic. Because whoever dies with the most toys doesn’t win. Real winners are people who know their limits and respect them.”

7. “if you truly believe your race, sex, or upbringing can prevent you from getting rich, then it’s best to give up here. Return this book to the bookstore. You may get a refund, but you will never get rich thinking this way”

5. Tweets 😃 

Interesting

Interview with OpenAI CTO Mira Murati, early investor Reid Hoffman, and a look at their SF offices

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