Posts tagged 'Peter Thiel'

Robots! No Robots!

Rogoff and Shuttleworth versus Theil and Kasparov at the Oxford Martin School. While the video is from November, we felt the need to review it given Rogoff’s op-ed on Tuesday covering the same subject.

Rogoff’s argument, which in part is intended to counter Robert Gordon’s ‘no robots’ thesis, is that… Read more

Wall Street ‘mispriced’ LinkedIn’s IPO

A prominent Facebook investor and director accused Wall Street of undervaluing the LinkedIn initial public offering earlier this month, contributing to the doubling of its shares on opening day, the FT reports. Peter Thiel, an early Facebook investor and co-founder of PayPal, said banks did not understand the full potential of the latest internet companies and warned that the next Silicon Valley darlings would negotiate hard when their turn comes to go public. LinkedIn was priced at $45 a share by Morgan Stanley, Bank of America Merrill Lynch and JPMorgan Chase, raising $352m. DealBook meanwhile notes that money manager BlackRock has weighed into the debate, accusing banks of overpricing IPOs to gain more fees.

LinkedIn IPO ‘mispriced’, investor

A prominent Facebook investor and co-founder of PayPal, the online payment system, has accused Wall Street of undervaluing the recent IPO of networking site LinkedIn, contributing to the doubling of its shares on opening day, reports the FT. Peter Thiel, an early Facebook investor and PayPal co-founder, said banks did not understand the full potential of the latest internet companies and warned that the next wave of Silicon Valley stars would negotiate hard as they prepare to go public. LinkedIn was priced at $45 a share by Morgan Stanley, Bank of America Merrill Lynch and JPMorgan Chase, raising $352m. DealBook meanwhile notes that money manager BlackRock has weighed into the debate, accusing banks of overpricing IPOs to gain more fees.