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Founder Murder. Black-markets. A.I. Space-Race.
Have we gone full Blade-Runner? 👨🏻🎤
autonomous
April 06, 2023
GM 🌞
Things keep getting weirder and weirder. CashApp Founder murdered in SF, secret back-doors to invest in Binance, Gamestop is back in the fray.
Did releasing A.I. throw us into an alternate timeline? Mark Zuckerberg thinks so, he’s all-in.
Let’s gently row in 🚣
Focus 👁️ |
Qualcomm wins. This is now the space-race as Microsoft, Alphabet and every other company ramps up A.I., automation and large language models.
Foreign businesses tend to enter the Chinese domestic market via Joint-Ventures with local Chinese partners. Vanguard has failed to convince Chinese investors to allocate funds to their passive strategy products.
The diversified energy company also quit drilling in Brazil after failing to find oil
This happened shortly after Short-Seller Hedge Fund, Hindenburg Research published a report claiming that Block, Cash App’s parent company, was misleading investors with user metrics. Cash App’s user base was catering towards criminals and frauds with over 70% of accounts considered fraudulent by Hindenburg. Weird time for the founder to suddenly get murdered… especially considering the amount of crypto leaders who’ve been found dead as well over the last couple of years.
Trends ✨ | r/WallStreetBets | Dark Web
Reddit community r/WallStreetBets strikes again. For months, members of this community have been wailing against hedge-funds and brokerages who use client shares to lend to investors looking to short the stock. This has spurred a movement to directly register shares so as to lock-up shares and limit short-sellers.
Dark-web data marketplace gets shut-down. Did you know your data is likely available for purchase by [insert malicious person or organization]. Everyone makes money on your data except you.
The national giant announced job cuts but also totes a growing ecommerce business and renewed automation efforts.
Markets 💹
Women-led businesses are outperforming.
Business 💼 | Law Firm Space Race | Zuck
Cutting costs and winning deals. Is Kirkland winning marketshare during tough times? Love an old-school business.
Hopefully this works out better than the metaverse bet
Digital Assets ⚡️
Looks like no crypto-exchange can escape the obfuscation of access and value… Jane Street (SBF’s ex-employer) was named among other US-based firms that provided investors a back-door into Binance’s services using off-shore entities.
Today’s letter is delayed because of this absolute hot-potato that’s ripping its way through the internet right now. There is a hidden copy of the Bitcoin Whitepaper on most Macs. Who put it there? What does this mean? TBD…
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Chart(s) Du Jour 👨🏻🍳:
Bank of Japan has a way bigger balance sheet than the US HOLY COW
Meme Digestif ☕️
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