What we’re reading (11/16)
“Welcome To The Crypto Ice Age” (Vox). “The spectacular collapse of FTX is causing shockwaves across the finance and business worlds, but it’s particularly bad for the future of crypto. Bankman-Fried — or ‘SBF’ as he is known in crypto-land — was the boy wonder of the industry, the friendly face leading the charge to integrate crypto into the traditional financial system.”
“It’s Not Just Elon Musk. Your Boss Probably Wants You To Put In ‘Long Hours At High Intensity’ Too.” (Insider). “Other employers are making the same demands that Musk is — just more subtly.”
“Taylor Swift Tour Ticket Fiasco Leads To Calls For Ticketmaster And Live Nation To Break Up” (CNBC). “Live Nation, which merged with Ticketmaster in 2010, has faced longstanding criticisms about its size and power in the entertainment industry. People amplified their complaints this week when tickets for Swift tickets went on presale on Ticketmaster’s website. The company was forced to extend presales after fans flocked to the site, causing site disruptions and slow queues.”
“Steve Jobs’ Old Birkenstocks Sell For Nearly $220,000” (The Guardian). “A suede pair of the beloved German sandals, worn by Steve Jobs in the 1970s and 1980s, sold this week for nearly $220,000, the highest price ever paid for a pair of sandals, according to an auction house.”
“Labor Market Mystery: Where Are The Older Gen Z Workers?” (Wall Street Journal). “An analysis of Census Bureau data by Gad Levanon, chief economist of The Burning Glass Institute, found workers in their early 20s who aren’t in school or the labor force overwhelmingly cited caretaking responsibilities, though the numbers hadn’t changed much since 2019. Covid-19 may also be keeping some of these workers on the sidelines.”
