- autonomy
- Posts
- Social-Media. Sex. Dystopia 🧙♂️
Greetings autonomous friends 👋
Investors are fixated on 2 things: The Fed + the banking crisis— and really that’s more like 1 thing: the direction interest rates are going.
Meanwhile, the tectonic plates of geopolitics and society shift below our feet.
Let’s jump in 🐰 🕳️
(3-minute read)
MARKETS 💹
Jack Dorsey’s Block (parent of Cash-App) experiences the Hindenburg effect.
The activist short-seller behind the Adani report accused Jack Dorsey’s company of widespread fraud in its performance metrics, an allegation that Block has rejected. Shares plunged almost 20% on the news. Cathie Wood scooped up some shares.
TECHNOLOGY 💾
Amazon goes NFL, will Apple go Premier League? If Ted Lasso is any indicator it looks like Apple is betting on footy (soccer).
The pain continues in technology and professional services. Investors are loving these job cuts though. Firms that are clearly cutting costs and creating shareholder value especially bloated technology companies. Accenture’s shares are up 6% on the news.
TRENDS ✨
Health <> Social Media is part of our core thesis for big-tech disruption. Screen-time, mass-violence, youth mental health decline— these are all connected and we expect this trend to pick up speed and place more responsibility on Big-Tech while challenging their business models further.
If bonafide payment providers won’t work with Sex Workers the black-market will. What’s better? It depends who you ask as the massive industry struggles with safety, identity and trafficking issues in a world that is not afraid to show some skin.
DIGITAL ASSETS ⚡️
ex-Coinbase CTO Balaji Srivastavan has taken over crypto-twitter by engaging in a bet suggesting Bitcoin’s value will rise to $1,000,000 USD over the next 90 days. The bets are locked in and the world is watching.
Since the bet I’ve been obsessed with what would need to happen for this phenomenon to be possible. Part of my skepticism is that too many dominos would need to align in order for this to happen so quickly.
That said, I don’t think the odds of a 90 day run up are zero. Especially with a banking system failure listing like a ship in a storm.
Ram Ahluwalia, CEO of Lumida Wealth (a crypto-native wealth management outfit) put forth a really great dystopian series of events that could happen if we force the 1m USD BTC narrative. Enjoy this bit of financial sci-fi.
Thanks for the follow Ram!
MACRO: BIG PICTURE 🌍
Tik-Tok bans and Chinese spying accusations circumnavigate the world. Canada begins to formally sound the alarm on election interference.
Whether you want to believe that intelligence agencies meddle in foreign elections or not, it’s safe to say that confidence in North American elections has been undermined.
Perception is reality. Ask a partisan (D or R) if they trust the election process now more than 10 years ago.
China has been incrementally attempting to claim the S. China Sea since the 70s. This dispute has escalated significantly over the past decade with implicit gains on the Chinese side. The US is playing catch up attempting to reclaim free access to the region.
Xi-Jinping met Vladimir Putin in Moscow this past week signaling a strengthening of ties between the two ex-comintern partners. It’s overly simplistic to assume the meeting was all hugs and kisses but Xi did announce that changes to the geopolitical scene not seen in 100 years were in the making.
Charts Du Jour 👨🏻🍳
Meme Digestif ☕️
Share Autonomy 📬:
