Latest news with #DavidMarcus
Forbes
09-07-2025
- Business
- Forbes
Hundreds Sign Letter Supporting Shaun Maguire Amid VC's Mamdani ‘Islamist' Comments
A letter supporting Shaun Maguire, a partner at Silicon Valley venture capital firm Sequoia Capital, amid backlash over his comments accusing New York City mayoral candidate Zohran Mamdani has reportedly garnered hundreds of signatures—including top names connected to PayPal andSeamless—after nearly 1,000 tech founders demanded Sequoia take disciplinary action. Partner at Sequoia Capital Shaun Maguire speaks during the Hill & Valley Forum at the US Capitol ... More Visitor Center Auditorium in Washington, DC, on April 30, 2025. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) AFP via Getty Images The new letter, reported by Business Insider, says Maguire's comments on Mamdani 'were not hate speech' and are instead 'the reflections of a principled thinker and a partner to countless founders who span geographies, faiths, and political beliefs.' The letter condemns tech founders who have demanded disciplinary action, stating the 'calls to punish or remove him are part of a larger and worrying trend: ideological mobbing disguised as a moral virtue.' Maguire told Business Insider on Tuesday an 'unbelievable number of people' have reached out to support him, and he said he believes he is being targeted for his pro-Israel advocacy. The letter supporting Maguire has more than 355 signatures as of Tuesday, Business Insider reported, with signatories including David Marcus, former president of PayPal; Jason Finger, founder of Seamless; and Josh Wolfe, founder of Lux Capital. Maguire, over the past week, has made dozens of posts on X criticizing Mamdani, in some of which he has accused the mayoral candidate of being an 'Islamist.' Maguire first sparked controversy for a post over the weekend criticizing Mamdani, who was born to Indian parents in Uganda, for marking his race on a college application as 'Asian' and 'Black or African American.' Maguire said Mamdani 'comes from a culture that lies about everything' to advance an 'Islamist agenda.' In the days since, Maguire has doubled down on his comments despite the backlash, including in a 30-minute video he posted in which he apologized for offending anyone. But in other posts, he claims Mamdani promotes 'explicitly anti white policies,' alleging he 'hates America.' What Does The Open Letter Condemning Maguire's Comments Say? The open letter condemning Maguire's comments on Mamdani has been signed by 981 tech founders representing 923 companies as of Wednesday morning. The letter calls Maguire's 'Islamist' accusation a 'deliberate, inflammatory attack that promotes dangerous anti-Muslim stereotypes.' The signatories demand Sequoia publicly denounce Maguire's comments by July 14, or else they will 'proceed with broader public disclosure, media outreach and mobilizing our networks to ensure accountability.' The letter also calls on Sequoia to publish a zero-tolerance policy on religious bigotry, establish a hotline to report discrimination by Sequoia employees and conduct an investigation into Maguire's conduct over the past two years. Maguire, a partner at the powerful Silicon Valley-based Sequoia Capital, is politically vocal on social media and is a prolific supporter of President Donald Trump. Last year, Maguire said he donated $300,000 to Trump's 2024 election campaign, and he has praised Trump's attacks on Iran's nuclear facilities and his deportations in recent weeks. Maguire has led Sequoia's investments into various companies, including several founded by Elon Musk. Further Reading Sequoia's Shaun Maguire Doubles Down On Mamdani 'Islamist' Comments Despite Furor (Forbes)
Irish Times
28-06-2025
- General
- Irish Times
Designed for Life: Architecture and Design in Cork City 1900-90 by Tom Spalding
Designed for Life: Architecture and Design in Cork City 1900-90 Author : Tom Spalding ISBN-13 : 978-1782050193 Publisher : Cork University Press Guideline Price : €40 In his novel A Land Not Theirs (1986) David Marcus writes that 'All the way up to the statue of Fr. Mathew was one immense conflagration … a gigantic furnace.' Carried out by British troops in December 1920 in a reprisal for an IRA ambush near the then Victoria (now Collins) Barracks, this burning of Cork destroyed five acres of the city's significant streets and properties. It is typical of Tom Spalding's tone of mild speculation that he dares to wonder if, perhaps, the fires were good for the city. The rebuilding and restoration which followed opened up the new science of town planning in Cork and introduces Spalding's survey, its densely packed material focused on a single century of urban development. Essentially, it explains where communities live and work and why, and sometimes why not. No stranger to aspects of Cork's built history, Spalding's chapters offer compelling evidence garnered over decades of archival research, observation and local and personal affection. They should be read as a guide to the management of any Irish city; the occasionally repetitive detail only reinforces its universality. This review must declare an interest as one of the minor anecdotal sources; Spalding's use of such interviews is admirably woven into a progress through all the controversies from brewery to shrine, municipal estates and slum clearances, the old Sunbeam-Wolsey factory and the new Opera House. It is a delight to find the little things recorded: the stained glass in an avenue of houses, an outbreak of Beaux Art or Art Deco, the retention of a snug in a popular pub, the stone embroideries of a monument. These endorse the dedicated investigation of an environment still familiar and the named architects, engineers, speculators and civic and church authorities who caused it to be made. READ MORE Throughout this book Spalding's restrained enthusiasms divert into commentary, as with the class-defining significance of the parlour (lower) rather than the sittingroom (middle to upper) while his academic detachment is punctured by the frequent ironies in his documentation of contradictory certainties. Guided by the title Designed for Life, what elevates this survey above all is Spalding's regard for the people of the city through the years of change and, still, decay. For such a weighty volume, it is somehow hard to put down.
CNBC
29-05-2025
- Business
- CNBC
Bitcoin is becoming the true digital gold we've been talking about: Lightspark CEO David Marcus
David Marcus, Lightspark co-founder and CEO, joins 'Squawk Box' to discuss key takeaways from the Bitcoin 2025 conference, future of bitcoin, Trump family's involvement in crypto, and more.
Yahoo
19-05-2025
- Business
- Yahoo
Bitcoin nears record high as analysts tell market to ‘buckle up'
The price of bitcoin is approaching a new all-time high after rising more than 10 per cent in recent days, leading some analysts to predict another record-breaking rally in 2025. The world's leading cryptocurrency rose above $105,000 on Monday, just $4,000 away from the record high it reached in January 2025. Crypto experts have attributed the latest price increase to massive inflows from institutional investors, greater support from governments and regulators, as well as improved sentiment among retail investors. The collision of positive catalysts have led some industry figures to forecast a 'parabolic' price rise for bitcoin in the months ahead. 'I truly understood bitcoin in 2011-2012 and in all these years, the bull case for it has never been stronger,' former PayPal president David Marcus wrote in a post to X. 'Banks can now custody and offer BTC to their customers, sovereign states and corporations are competing to buy, utility phase of TCP/IP [Transmission Control Protocol/Internet Protocol] for money is taking off. Buckle up.' Standard Chartered analyst Geoff Kendrick recently predicted bitcoin could reach as high as $120,000 by the end of June, reinforcing his year-end forecast of $200,000. "While timing sharp rises in bitcoin is difficult, we think the current period of potential strategic asset reallocation away from US assets may trigger the next such upswing," he wrote in April. "If so, we would expect a new all-time high to be reached in Q2 with further gains over the summer.' Other cryptocurrencies have also experienced significant gains in May, with ethereum and dogecoin adding around 40 per cent to their value over the last week. The market has also been boosted by broader economic stability, with a major trade deal reached between the US and UK, as well as indications that the trade war between the US and China is cooling. This has brought renewed attention to typically high-risk assets like cryptocurrencies, which investors tend to sell during periods of uncertainty in favour of save haven assets like gold. Some crypto analysts believe that the current market momentum could see bitcoin reach new highs as early as this week, with the next resistance level pegged at $107,000. 'The impressive corrective pullback from late January to early April, in our opinion, created substantial margin for a new wave of growth,' Alex Kuptsikevich, the chief market analyst at the online trading platform FxPro, told The Independent. 'Therefore, we will not be surprised if, along with the positive dynamics of stocks, bitcoin will move to the renewal of historical highs already this week.' For bitcoin to realise these predictions,however, some have pointed to the $100,000 price point as a key support level. Should the cryptocurrency fall back below this figure, it could potentially lead to a broader sell-off that sees bitcoin pull back towards its 50-day moving average below $90,000. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Mayor
13-05-2025
- Business
- Business Mayor
Bitcoin nears record high as analysts tell market to ‘buckle up'
Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter The price of bitcoin is approaching a new all-time high after rising more than 10 per cent in recent days, leading some analysts to predict another record-breaking rally in 2025. The world's leading cryptocurrency rose above $105,000 on Monday, just $4,000 away from the record high it reached in January 2025. Crypto experts have attributed the latest price increase to massive inflows from institutional investors, greater support from governments and regulators, as well as improved sentiment among retail investors. The collision of positive catalysts have led some industry figures to forecast a 'parabolic' price rise for bitcoin in the months ahead. 'I truly understood bitcoin in 2011-2012 and in all these years, the bull case for it has never been stronger,' former PayPal president David Marcus wrote in a post to X. 'Banks can now custody and offer BTC to their customers, sovereign states and corporations are competing to buy, utility phase of TCP/IP [Transmission Control Protocol/Internet Protocol] for money is taking off. Buckle up.' Standard Chartered analyst Geoff Kendrick recently predicted bitcoin could reach as high as $120,000 by the end of June, reinforcing his year-end forecast of $200,000. 'While timing sharp rises in bitcoin is difficult, we think the current period of potential strategic asset reallocation away from US assets may trigger the next such upswing,' he wrote in April. Read More Roger Ver's Plea to Trump: End US Lawfare and Uphold Justice 'If so, we would expect a new all-time high to be reached in Q2 with further gains over the summer.' Other cryptocurrencies have also experienced significant gains in May, with ethereum and dogecoin adding around 40 per cent to their value over the last week. The market has also been boosted by broader economic stability, with a major trade deal reached between the US and UK, as well as indications that the trade war between the US and China is cooling. This has brought renewed attention to typically high-risk assets like cryptocurrencies, which investors tend to sell during periods of uncertainty in favour of save haven assets like gold. Some crypto analysts believe that the current market momentum could see bitcoin reach new highs as early as this week, with the next resistance level pegged at $107,000. 'The impressive corrective pullback from late January to early April, in our opinion, created substantial margin for a new wave of growth,' Alex Kuptsikevich, the chief market analyst at the online trading platform FxPro, told The Independent . 'Therefore, we will not be surprised if, along with the positive dynamics of stocks, bitcoin will move to the renewal of historical highs already this week.' For bitcoin to realise these predictions,however, some have pointed to the $100,000 price point as a key support level. Should the cryptocurrency fall back below this figure, it could potentially lead to a broader sell-off that sees bitcoin pull back towards its 50-day moving average below $90,000.
