The "buy, borrow, die" strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income.
Jamie Salter, founder and executive chairman at Authentic Brands Group, joins 'Squawk on the Street' to discuss the reasoning behind Matt Maddox becoming the new CEO, his plans for going public, upcoming deals in the making, and more.
Mercury has emerged as one of a select group of fintech firms, like Ramp and Stripe, that continued to thrive after the collapse of pandemic-era valuations.
Amazon founder Jeff Bezos shrugged off concerns of a looming AI bubble, saying the massive investments will ultimately drive the technology forward over time.