Savvy Trades and Investments

[jtomm]

Bolt Financial is not publicly traded, but thought you might enjoy this story. Bolt Financial is a privately held "fintech" company that was founded 11 years ago by some Stanford computer science students. They've raised almost $1 Billion and in 2022, the company valued itself at over $11 Billion. By Feb 2024 it had burned thru all the money they'd raised and was now valued at just over $300 million (a 97% decline from its peak valuation). Why do I mention all this? Because today, there's a news story that the CEO has decided to eliminate its "unlimited paid time off" plan for employees. Yeah I'd say that might be an idea, genius! Only took you 11 years and a billion dollars to figure that out?

I'd say Bolt might be one to stay away from, ha.