Sherwood News
@sherwood_news
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News for the next generation about markets, business, technology, and the culture of money.
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Joined March 2024
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重陽の節句
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昭和99年
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シーザリオ
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高市さん
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BTS IS SEVEN
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U STEAL MY HEART 1STMEET
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Happy New Week
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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).
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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
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Once a company or its product is featured prominently on an episode of "South Park", its stock tends to underperform over the next 12 months.
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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"
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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!!!!
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What’s striking right now is how little companies are talking about a recession—even amid slowing growth and a rising unemployment rate.
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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"
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[We don't have social copy for this post because our social editor took one look at this chart and moved to Europe —Ed.]
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PSA: Our website just got a makeover and it's looking more glorious than ever
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The one where we try to figure out why your assistant sucks now
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Is a Tesla just... a regular car
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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
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PSA: Our website just got a makeover and it's looking more glorious than ever
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"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
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Are we set for a soft landing? We uploaded key economic data to old-school browser game Line Rider to find out:
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Portion Paranoia Prompts Perturbing Panopticon Piloted by Petty Prigs
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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
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Big tech is spending Scrooge McDuck-level money on AI, and shows no signs of reining it in
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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
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While other gaming companies battle for the most realistic and jaw-dropping graphics, Nintendo is on the sidelines filing its nails and stacking cash:
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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
:
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I'm happy for Janet Yellen and everything, but all these posts are making me want a cheesesteak
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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
Taco Bell is adding artificial intelligence to 100s of drive-thrus
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A yuuuuuge share of Trump's crypto project is going to insiders:
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Can we give these folks a break please
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The platform you're reading this on lost almost half a billion dollars in the first quarter of 2023
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Unsold Teslas are piling up in parking lots
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Teetotaling and saving money are both hot right now, and the booze business is taking it on the chin
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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
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Everyone loves to hate on obnoxious and ridiculous mobile game ads, which often bear little relation to actual gameplay. But *why* are they like that?
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For the most part, people are pretty happy with their jobs....they just hate each individual aspect of their jobs?
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Stolen identities, fake documents, and money laundering: How North Koreans are able to work American tech jobs with the help of US-based "facilitators"
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For a brief moment, Austin seemed poised to become our next tech epicenter. But its pandemic-era momentum is fizzling out fast
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Feels like the moment in an 80s teen movie where the class nerd takes off his glasses and suddenly everyone realizes he's got great bone structure....
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Nvidia has crossed the $3 trillion market cap mark, making the company worth an eye-watering nine figures per employee
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Our website is down so just look at this instead
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
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No, gen z isn’t bailing from dating apps
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Personally glad I lived long enough to see Burning Man enter its flop era
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?
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The most elite athletes in our country spend a lot of money for a chance to make....not much.
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Cool website
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The yield curve tells you more about the central bank than the economy.
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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
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Job applications have become a war between AI content
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Plenty of folks are still buying the Nintendo Switch, even though the Switch 2 has appeared on the horizon
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Sorry guys. we jinxed it
The last time the S&P 500 dropped more than 2% was 512 days ago
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Manic Monday, Turnaround Tuesday, Whiplash Wednesday, Throwing Up Thursday, FUBAR Friday
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The demand for semi-private air travel is growing, but companies in this space are facing some strong headwinds—especially public perception
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Buying a new car? You may also be buying a data privacy nightmare, and manufacturers don’t make opting out an easy task
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New Zealanders in 1981:
🐑 🐑 🐑 🐑 🐑 🐑
🐑 🐑 🚶♂️ 🐑 🐑 🐑
🐑 🐑 🐑 🐑 🐑 🐑
🐑 🐑 🐑 🐑 🐑
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A launch quiz about launches
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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.
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Agree or disagree
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"My best estimate is that it's going to take three days to really recover from this."
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Just how does a disagreement over title lead to litigation?
@Jack_Raines
on the hedge fund community’s drama du jour:
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A growing number of towns are considering letting LLC owners vote in local elections, even though they don’t live there:
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Iceberg is great. An optimal lettuce for many sandwich and wedge salad applications.
TIL Americans think iceberg lettuce is the best-tasting green, not just the most available. We’re doomed.
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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.”
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Where is all that bizarre AI-generated slop on Facebook coming from? Turns out Meta is paying for it. Per an investigation by
@404mediaco
:
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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
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Just 31% of companies require office workers to come in full-time, down from 49% last year—while 69% offer a degree of location flexibility (nice)
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“The Double Life of a Billionaire Heiress,” “Fated to the Alpha,” and “In Love With Dr. Baby Daddy!": Meet the soapy web serials taking over TikTok
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Do your boomer parents owe you a house?
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Meet the kingpin of DTC caskets
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Lunchtime! How Sweetgreen is still losing money on $15 salads:
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Investors can let up on their angst a little after this jobs report—and even in a report that missed expectations, there are still signs the labor market remains solid
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VP Kamala Harris will reportedly back a ban on price gouging on food and groceries, a policy proposal that pushes the blame of high prices onto Corporate America.
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Roaring Kitty livestream is affecting daily operations at Sherwood
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Today's Weird Money: Tesla’s CEO was sued by a guy with nine shares, Costco is basically a car dealer, and Bill Gross is the king of the stamp market.
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This reminds me of my favorite HBO show, The Sopranos
Rupert Murdoch’s latest legal dispute is with three of his kids, who have formed a united legal front against their father for future control of his sprawling media empire.
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If this plan doesn't work out we can always just hit up the boomers
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
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The skyrocketing demand for transformers—you know, those gray metal boxes you never really notice—is outstripping supply, threatening the US electrical grid
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Unregulated vapes have taken over the US, and Big Tobacco has a big problem
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The days of robocalls and texts may be numbered, thanks to the FCC
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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
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Introducing Ask Amanda: an advice column where financial therapist
@mandaclay
addresses the monetary misadventures of Sherwood readers.
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Startup accelerator Y Combinator was begun almost 20 years ago with a mere $200k in capital. Since then, it’s become a fairly reliable predictor of the Next Big Thing
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That's a lot of billable hours: Big law firms have billed at least $750 million in cryptocurrency-related cases, according to one analysis
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AI has been the buzziest of buzzwords for years, but only a minority of America’s most notable companies are actually talking about it
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Some Twitch employees are worried the platform may become yet another overlooked drop in Amazon's enormous bucket
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Sometimes Apple Face ID recognizes me right away when I know I look like absolute crap and it bums me out. I think it should at least pretend to struggle a little bit
#WWDC24
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“Fifty billion, that's bigger than the market cap of all of Ford. Is he worth giving all of Ford Motor Company to, for what he's done with Tesla?”
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