Could one of those stocks be Roblox, the gaming company which gained millions of new users during the pandemic? How much is Roblox worth today? Roblox went public via a direct listing this March with a reference price of $45. Read More...
MarketWatch
Peter Thiel’s $5 billion Roth IRA moves Congress to consider changes to investment account’s rules
Paypal (PYPL)co-founder Peter Thiel’s $5 billion Roth individual retirement account balance has some members of Congress second-guessing the tax policies of these investment vehicles. Massachusetts Democratic Representative Richard Neal, who chairs the House Ways and Means Committee, has requested a proposal to “stop IRAs from being exploited,” he told ProPublica, which first reported about Thiel’s Roth IRA. ProPublica’s report used tax documents to reveal the tech giant’s account grew from less than $2,000 in 1999 to $5 billion today, thanks in part to investments in private securities.
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