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Thursday links: embracing imperfection

Abnormal Returns

techcrunch.com) SpaceX SpaceX is reportedly planning a tender offer for employee shares at a $175 billion valuation. axios.com) Economy Kyla Scanlon, "People are complex and economics doesn’t (can’t!) newsletter.abnormalreturns.com) Mixed media The ad-supported Internet is collapsing in front of our eyes. thedailybeast.com)

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Transcript: Liz Hoffman

The Big Picture

The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. Was the plan always to cover finance? We’ll get into that in a minute. RITHOLTZ: Really?

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