With trade wars, scandals and stock-market swings, it's a heart-pounding financial ride. Lately, though, some of the unicorns look more like dogs—they don't earn profits but have a knack for making headlines
Image: Glynis Sweeny/The New York Times
We’ve got trade wars, spectacular startups, scandals, and mad, stomach-churning swings in the stock market.
Do you feel the excitement?
It’s almost like the good old days — the kind of heart-pounding financial ride that led to the dot-com crash of early 2000 and, yet again, to the calamitous economy of the mid-2000s.
Everybody needs a distraction from the unending hellscape that is the news from Washington. I recommend the business world: For that vertiginous feeling of riding a roller coaster, the stock market is better than ever.
Companies that combine technology, convenience and bewitching backstories have been shouldering their way to fame. These are the fabled “unicorns” — the tech startups that investment firms pumped up to a valuation of $1 billion dollars or more.
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