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World

Big tech CEOs say college not essential, offer in-house training as alternative

Some big tech chief executives are urging young people to consider paths other than college, Axios reported on Aug. 15. The CEOs challenge the idea that a four-year degree is essential and offer their own alternative programmes. Tesla CEO Elon Musk has said college is not for learning. Palantir runs a four-month fellowship that can lead to full-time jobs, while investor Peter Thiel funds youth projects through the Thiel Fellowship.

People

Gopax appoints former AWS Korea executive Kim Na-young as CEO

Digital asset exchange Gopax has appointed Kim Na-young, former head of financial business development at Amazon Web Services Korea, as its new chief executive. The company plans to speed up efforts to resolve long-unsettled unpaid GoFi customer funds, normalise management and prepare to renew its virtual asset service provider registration. Operator Streami announced the appointment on July 27, and said major shareholder Binance will support the turnaround work.

Industry

SpaceX early inclusion in Nasdaq 100 hits index funds, but experts say no need to avoid index investing

SpaceX’s early inclusion in the Nasdaq 100 led index funds tracking the benchmark to buy the stock automatically, but it is not seen as a structural risk that warrants avoiding index investing, an assessment said. The key issue is how index funds are managed and how stocks enter the index. Burton Malkiel warned SpaceX may be overvalued but said its inclusion is not a reason to shun index funds. Investors are watching governance concerns and changes in free float after lockups expire.