
Airbnb Grew Outside the Stock Market: Now Apps Sell Pre-IPO Access to Retail
In 2009 Sequoia bought Airbnb shares at $0.01 each. Today Akka and Bitget sell pre-IPO access, while Anthropic warns that SPV-based transfers are void.
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In 2009 Sequoia bought Airbnb shares at $0.01 each. Today Akka and Bitget sell pre-IPO access, while Anthropic warns that SPV-based transfers are void.

For 24 straight months US real spending has outpaced real disposable income: savings at 2.7%, cards at $1.26T. What it means for the Fed, Bitcoin, risk-on.

Giovanni Tamburi, founder of TIP, will be among the guests at SFIM 2026: two days in Milan on 5 and 6 November at the Superstudio Village, with free admission.

Why the US 401(k) is personal wealth powered by tax incentives and the stock market, while Italy's pay-as-you-go INPS leans on state transfers and demographics. The figures: IRS, Vanguard, INPS, OECD, INAPP.