Fifth Wall Raises $500 Million Fund to Boost Real Estate Tech Startups
Real estate venture firm Fifth Wall is raising a new $500 million fund, Fifth Wall React, to invest in proptech startups, despite challenges in the industry.
Jordan Vega
In a surprise move, President Donald Trump announced on Sunday that conservative podcaster Dan Bongino will serve as the new deputy director of the Federal Bureau of Investigation (FBI). Bongino, who has no prior experience working with the FBI, will serve under recently confirmed FBI Director Kash Patel.
Bongino's appointment has raised eyebrows due to his lack of experience in law enforcement, particularly within the FBI. His background includes working as a New York police officer and US Secret Service agent, but he has no direct experience working with the FBI. This has sparked concerns about his ability to effectively serve in the role of deputy director.
Despite his lack of experience, Bongino is well-known in conservative media circles. He has hosted a Fox News show and contributed to conspiracy website InfoWars. He was also named one of the top election conspiracy "misinformation superspreaders" in research by global human rights group Avaaz, as reported by The New York Times in 2020.
Bongino currently hosts a podcast on Rumble called The Dan Bongino Show. In his announcement on Truth Social, Trump stated that podcasting is "something he is willing and prepared to give up in order to serve," although it remains unclear whether Bongino will continue to host his show while serving as deputy director.
The appointment of Bongino as deputy director has sparked controversy, particularly given his lack of experience and perceived biases. His appointment also raises questions about the future direction of the FBI under Director Patel, who has previously published a list of "deep state" enemies and has vowed to "rebuild" the agency.
Notably, Bongino's appointment as deputy director does not require Senate confirmation, according to the BBC. This has raised concerns about the lack of oversight and accountability in the appointment process.
The implications of Bongino's appointment are still unclear, but it is likely to have significant effects on the FBI's operations and direction. As the agency continues to navigate the complexities of modern law enforcement, the appointment of a deputy director with no prior experience raises questions about the agency's ability to effectively serve the American people.
As the news continues to unfold, it remains to be seen how Bongino's appointment will impact the FBI and the broader landscape of American politics. One thing is certain, however: the appointment of a conservative podcaster with no FBI experience as deputy director has sparked controversy and raised important questions about the future of the agency.
Real estate venture firm Fifth Wall is raising a new $500 million fund, Fifth Wall React, to invest in proptech startups, despite challenges in the industry.
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