One Costco Hotdog memecoin holder has been eating a Costco hot dog every day for the past 50+ days to promote the coin, and plans to continue until the token hits $1.50 (the price of a Costco hotdog).
Elon Musk promised to rid X of its bot problem. But thanks to the new blue check system and genAI, X is paying revenue to bot networks who just spew slop at each other
An "exponential growth" mindset is behind the sharp decline in quality of tech giants' core offerings—and now they are collapsing under their own weight. Read
@edzitron
on the "Rot-Com bubble"
Hello, it's me, the Sherwood News social editor. I've been working at Sherwood for three months and to celebrate I'm gonna do a thread of some of my favorite stories we've run so far because why not!!!!
Every year, the World Happiness Report tries to measure the happiest countries in the world by looking at factors like GDP, life expectancy, and personal freedom. But one thing it doesn't measure? Actual feelings.
Take Finland, for example: while it's placed 1st in the World
Former crypto trader Nat Eliason sits down for a Q&A with
@Jack_Raines
— discussing what it's like to make millions of dollars, what it's like to lose millions of dollars, and Eliason's new book "Crypto Confidential"
Introducing Weird Money, a new column from
@Jack_Raines
exploring the most bizarre goings-on in business and markets. This week: a bankruptcy where shareholders might actually get paid, a new hire at Beast Industries, and more
"There’s something narcotic about paying 26 cents for a box of 40 envelopes that was originally $4.96."
@RichJuz
does the math on whether CVS' coupons-and-cash-back program actually saves you money
Personally I think if you're at a Taco Bell drive-thru you should have to state your order to another human being and properly feel the shame. Those little intercom boxes are like confessional booths
Today in Weird Money: American travel spending is saving Europe's economy, $JASON is the hottest new memecoin, and a16z is launching a PE fund. More from
@Jack_Raines
:
Need to cut through a bunch of business executive jargon and roundabout phrasing? Here's a handy tip: the TL;DR is usually delivered right after these two little words
"A lot of my friends have been laid off from places like Paramount, Amazon, Twitch, Netflix, and especially Warner Brothers Discovery. It just feels like nobody is on stable ground, regardless of the path you chose, if you’re working in Hollywood."
Sony stayed out of the streaming wars while its competitors lost money duking it out. With its acquisition of Alamo Drafthouse, it's doubling down on IRL theatergoing
Stolen identities, fake documents, and money laundering: How North Koreans are able to work American tech jobs with the help of US-based "facilitators"
Burning Man saw fewer attendees this year. Was it last year's disastrous downpour, or Americans' inflation-ravaged checking accounts—or has the event finally jumped the shark?
Q&A:
@Jack_Raines
interviews
@kylascan
on the economy, national debt, social media as an information source, common misconceptions about the Fed, her new book, and more
dungeonsynth music having a spike in popularity again on tiktok because some guy keeps dressing like a little green wizard and skittering around malls to it is very funny
Media and tech companies poured hundreds of millions of dollars into Hollywood as they built shiny new streaming services. Now that the tide has receded, film and TV workers are left behind:
This might be the most buzzy bit of promotion that the iPad product line has had in years—but the type of buzz is probably not what Apple was hoping for
When The Campari Group acquired Aperol in 2003, 48% of Aperol sales came from its native Italy. Today, that figure is down to just 17%—as more and more of the globe falls prey to the sun-drenched charms of the Aperol Spritz
Despite recent waves of inflation and significant rent growth, young people are still spending at the same pace. “Even if people say ‘insufficient funds’, a lot of them still report splurging.”
As
@ranimolla
writes, the process is fairly simple and potentially lucrative:
1) build a bot account
2) buy a blue check
3) employ genAI to frequently post
4) interact with other bot accounts and popular users
5) gain ad views and let the money flow in.
"The smallest bowl was 13.8 ounces, and the largest was nearly twice as big, at 26.8 ounces." I wonder if the guy who got the 26.8-oz bowl went home and played the lotto
The skyrocketing demand for transformers—you know, those gray metal boxes you never really notice—is outstripping supply, threatening the US electrical grid
Final Boss is a new Q&A series where we sit down with the chief executives leading some of America’s most interesting companies. First up is
@LuisvonAhn
and Duolingo:
NEW: Harris will propose providing up to $25K in down payment support for 1st time homeowners, with more generous support for 1st generation homeowners, according to campaign official
She'll announce tomorrow in NC, along w/ her plan to ban corporate price-gouging on groceries
Private equity is buying up private student loan debt by the billions. The government forgiving federal student debt could make their purchases less risky.
Meta's AI is now roughly on par with rivals from OpenAI and Google, but the company is taking a decidedly more hacker-first approach with its open-source LLM