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Archive
Mask Off, England Edition
Russia is (probably) invading this time, Boris said no more covid restrictions, China is investigating Jack Ma again, Carl Icahn launched a proxy fight for two McDonald's board seats, over $100M in luxury cars are still lost at sea, the Ottawa blockade is dispersing, SpaceX may move launches to Florida, fracking is back, and FTX is entering the gaming business.
OpenSea Phishing Trip 🎣
What an eventful weekend. $1.7M of NFTs were stolen from the wallets of some OpenSea users, Biden & Putin might chat about Ukraine, Queen Elizabeth caught covid, the Fed banned itself from day trading, Tesla faces trouble in Germany over autopilot, two men were killed in a Tulum shooting, Ford may spin off its EV division, Trump's social media app hits the App Store today, and a DAO wants to buy the Denver Broncos.
The ARKK Is Sinking
Cathie's $ARKK won't stop dropping, gold was up (congrats Peter Schiff), Musk said the SEC is trying to shut him up, Ford's Mach-E won Consumer Reports' Top EV, Bullard said the Fed may need to hike rates even more, David Solomon took a victory lap for Goldman's performance, the CDC is expected to update mask guidance, and Sequoia raised a massive crypto fund.
Shopify Stock Got Chopified
Retail sales came in HOT, Shopify stock was down bad after they released earnings, Google is adopting new privacy restrictions, Goldman is opening a Monaco office for the super-wealthy, China rolled out a digital yuan at the Olympics, and Kid Cudi's startup raised new capital.
Schrödinger's Invasion
Stocks were up because Russia isn't actually invading Ukraine (unless they are, who knows), Airbnb crushed earnings thanks to digital nomads, scientists may have cured HIV for the first time, the SEC is probing Binance's trading affiliates, and Democrats vow to curb inflation (lol).
Bouncing QR Codes
Texas sued Meta over facial recognition practices, US closed its Kyiv embassy, US-Canada traffic is picking back up, Microsoft plans to reopen some offices, Avocados are getting more expensive, US inflation outlook finally falls, DoorDash is bumping up fees on slow McDonalds (so all of them?), the Coinbase QR code had 20M hits, and oil keeps climbing higher.
RIP Football Season, You Will Be Missed
A football game (and 20 crypto commercials) were played yesterday, the Pentagon told US troops to leave Ukraine, Oil keeps on climbing, BlockFi paid $100M to the SEC, the Canadian border protest continues, Cisco wants to buy Splunk, the US is paying Eli Lilly $720M for covid treatments, and a CryptoPunk sold for $24M.
Treasury Yield 2.0
Inflation is so hot right now, the 10 year yield crossed 2%, Affirm's social media intern leaked earnings too early, Twitter missed on every metric possible, truckers are still honking in Canada, American truckers might join in soon, Tesla was accused of racism, Hertz said some renters stole cars, Apple boosts AirTags privacy, and Binance is in Forbes' PIPE.
Mask Off, New York
Snoop Dogg acquired his old record label, everyone and their mom is betting on the Super Bowl, Pelosi Capital may no longer be a thing, New York is dropping its mask mandate, SEC proposes new rules for private investment funds, CVS crushed earnings, Uber (surprisingly) crushed earnings too, and a judge granted the Bitcoin hackers bail.
Severance or Subscription Package?
Peloton has a new head man (and 2,800 ex-employees have free one-year subscriptions), BP crushed earnings, Biden finally mentioned Tesla, Apple continues its journey to conquer all things tech, Rumble offered Joe Rogan $100M, Canadian truckers keep honking, Microsoft wants to acquire someone else, SoftBank is planning an ARM IPO, and the feds recovered $3.6B in stolen Bitcoin from two unlikely thieves. This week just keeps getting weirder and weirder.
Mega Cheap Airlines
Spirit and Frontier are merging to form the most budget airline of all time, Meta might pull out of Europe, Peter Thiel is stepping down from Facebook's board, Amazon is raising its salary caps, IRS ends facial recognition (that was a thing?!?), Flexport raised a massive Series E, Trump's SPAC is showing some cracks, and Sequoia made a $450M bet on Polygon.