Category: Uncategorized

• 2023 will be big for VR
• Elon made Zuck look good
• TikTok is getting more negative press
• Q4 2022 earnings may be rough
• Strong outlook in India

1. SpaceX raises $750 million at $137 billion valuation
2. Meta acquires smart eyewear company Luxexcel
3. Sopranos actor discovers $140k artwork worth millions
4. Destroy your town/city with an asteroid
5. Microsoft adding Chat GPT to Bing?
6. Tesla misses 2022 delivery target

• Core apps are still strong
• Reels and Quest are growing
• Still cheaper than the rest of FAANG, Nike, Disney, etc

From his 2015 shareholder letter;

We all know that if you swing for the fences, you’re going to strike out a lot, but you’re also going to hit some home runs. The difference between baseball and business, however, is that baseball has a truncated outcome distribution. When you swing, no matter how well you connect with the ball, the most runs you can get is four. In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to be bold. Big winners pay for so many experiments.

1. Big Short writer spent six months with SBF
2. $220,000 for Steve Jobs’ Birkenstocks
3. ASX $250 million blockchain writedown

1. Sean Combs acquires cannabis assets in deal worth up to $185 million
2. Tyler Cowen has the best takes on Goodfellows
3. Prison gang cartel proxy wars in Ecuador
4. $8,000 a year cheap flights newsletter
5. Mark’s vision (2015)

1. Mozilla study finds user attempts to influence YouTube algorithm ineffective
2. Breath work may work as well as blood pressure medications
3. The $100 million Google and Facebook invoice scam
4. New York’s convict first approach to cannabis legalization 
5. Australian animal shelters overflowing with lockdown pets

Almost a quarter of SEC whistleblower awards go to clients represented by law firms with at least one ex SEC official on the payroll per the WSJ. It is a surprise to learn that offering people eight figure payouts to snitch on their companies creates perverse incentives.

There has been plenty of snark about the Meta rebrand.

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