The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 22 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Adena Friedman: Nasdaq integrating equity tokenization into core public markets
“So this morning we announced that we're going to be bringing tokenization into our markets, so making sure that equities are tokenized and traded on market, in the markets, not in a side sleeve, but actually in the core markets.”
Botha: Sequoia-backed companies account for over 30% of NASDAQ value
“The companies in which we were private investors when they were little companies today account for over 30% of the total value of the Nasdaq.”
Gerstner: VCs must be in top five funds to beat NASDAQ returns
“Because you have to be in basically the top two funds, five funds, to beat the returns you make just by buying an index of the NASDAQ.”
Yakovenko: Solana will never build an exchange onboarding US institutional clients
“We're never going to build an exchange that is onboarding U.S. Institutionals and serving U.S. Customers. We want NASDAQ to do that and to run it on Solana, and that would be great.”
Yakovenko: Nasdaq would make more money running a Solana node
“If we succeed, if the protocol is awesome and globally synchronous and super fast, Nasdaq would make more money by just running a Solana node and integrating with it more directly.”
Friedman: Nasdaq aims to enter crypto by serving institutional clients
“I would say that what we would want to do is really work with our institutional clients because they also have not been able or willing to play in the markets.”
Adena Friedman: Nasdaq is moving toward 24/5 U.S. equities trading
“We announced several months ago that we're moving to 24 five.”
Paul Tudor Jones is long gold, Bitcoin, commodities, and the NASDAQ
“I'm long gold. I'm long Bitcoin. I think commodities are so ridiculously under owned. So I'm long commodities. I think most young people find their inflation hedges via the NASDAQ. That's also been great. It's probably some combination. I probably have some ba…”
Chamath: NASDAQ and NYSE duopoly lacks competition and has failed to innovate
“I think that the duopoly hasn't created enough competition. So the NASDAQ and New York Stock Exchange haven't innovated. And in fact, they've probably been a little regressive.”
Friedberg: Rebalancing into top 10 NASDAQ stocks outperforms index 3x over a decade
“There was that study that showed if you bought, I'm sorry to interrupt, but if you bought the NASDAQ over a 10 year period, you get like a three X multiple or something quite significant. If you just rebalanced every year on the top 10 companies in the NASDAQ.…”
Friedman: Lack of regulatory clarity has kept Nasdaq out of crypto
“I think what's held us back is the lack of regulatory clarity.”
Nasdaq processed 95 billion daily messages with 20-microsecond latency
“Today, we had ninety-five billion messages come into our systems today, and we had a median, you know, return time of 20 microseconds on from order to trade.”
Sacks: Average venture funds underperformed the NASDAQ over the past decade
“If you look at the data, the recent data, say over the last decade or so, you don't want to be the average venture fund. You'd be a lot better off just being in the NASDAQ or in some other public stock market index, because A, your returns would be higher, and…”
Friedberg: Holding NASDAQ's top 10 companies yielded a 24x return over 24 years
“If you buy just the top 10 companies in the NASDAQ and you just held it, You would have made a 24 X multiple over a 24 year period versus if you had just bought the NASDAQ.”
Palihapitiya: Over 45% of NASDAQ stocks are down 50% from highs
“More than 45% of stocks on the NASDAQ are now down 50%, so basically one in two. More than 22% of stocks on the NASDAQ are down 75%, so almost one in four and more than one in five. And then more than five percent of stocks, so one in 20, on the Nasdaq are dow…”
Calacanis: Semiconductor index drops over 20% into bear market territory
“Well, NASDAQ's chip index, This is called the Philadelphia Semiconductor Index. It's down over 20% over the last month. That's bear market territory, obviously.”
Friedman: Nasdaq sells market technology to 135 other global markets
“We provide our technology to our 17 markets, And we sell it to a 135 other markets around the world.”
Adena Friedman: Nasdaq grew from $2.5B revenue to over $2.5B EBITDA
“When I became CEO, we had about two and a half million billion dollars in revenue. Today, or as of the end of last year, we had a little over two and a half billion dollars of EBITDA.”
Friedman: Nasdaq's index business has $700B in tracking assets
“So our index business now has about seven hundred billion dollars of assets under management that are tied to those great innovators, in addition to creating better abilities for companies to navigate the public markets and investors to find find investments.”
Friedberg: Holding the top 10 NASDAQ stocks for 24 years yielded 24x
“If you buy just the top 10 companies in the NASDAQ and you just held it, You would have made a 24 X multiple over a 24 year period versus if you had just bought the NASDAQ.”
Friedberg: Major exchange IPO costs average $7.4M vs $2M for OTC listings
“There was a survey done recently that showed, I got to find some of this data, but it showed the cost of going public on NASDAQ, Amex, or the New York Stock Exchange was about 7.4 million dollars. Cost of going public through an over the counter bulletin board…”