Elon Musk is laying off 10% of Tesla staff while spending billions of his own capital to buy a company where people are voluntarily resigning so they don’t have to work for him
Airbnb is more expensive than hotels
Uber is more expensive than taxis
Ethereum transactions are more expensive than credit card processing fees
The new economy is rekt
@nytimes
You guys wrote a puff piece about SBF after he defrauded customer, investors, and lost $10 billion but write a hit piece on Portnoy because he’s occasionally offensive?
Zero credibility these days
2024 (Nine Day Summary):
- Bass Pro Shop guy
- Nevada dude assaulting judge
- Bill Ackman vs. Business Insider
- Elon Musk vs. Mark Cuban
- Jewish tunnels in NYC
- Boeing plane malfunction
- Aliens in Miami
- Jersey Jerry Hole-in-one
- Aaron Rodgers vs. Jimmy Kimmel
Elon Musk went from:
1. teasing changes to twitter over a poll
2. buying a 9.2% stake
3. accepting then declining a board seat
4. getting sued by twitter shareholders over delayed disclosure
5. offering to buy ALL of twitter
in just a few weeks. absolute rollercoaster
Airbnbs more expensive than hotels
Ubers more expensive than taxis
Netflix now acting like a cable company w/ ads and less binging
This is the “new” economy
BREAKING: Berkshire Hathaway stands to lose $6 billion from unsecured loans it made to embattled crypto hedge fund Three Arrows Capital, in documents reviewed by Bloomberg.
War in 2022:
- Ukraine trolls Russia on twitter
- The Taliban calls for peace
- everyone is shitposting WW3
- Bitcoiners trying to make it about them
- The revolution is being televised (with Applebees ads)
Nobody:
SEC undergrads who will inevitably work in Charlotte / Atlanta lower middle market investment banks or for their dad’s wealth management firms: