#49 Loading-
A filler episode.
Hiiii gang. I need a bit more time to cook and reflect on the topics I want to cover next. In the meantime, you can send me hot tips, precognitive dreams and bat signals. I’ll be reflecting on those until they’re ready for public broadcast. xoxo Esther 💋
📈 Bullish news
The hottest stocks are unprofitable companies (Axios).
YouTube Just Ate TV. It’s Only Getting Started (THR). In two decades, the app has grown from a user-generated circus into the most powerful platform on earth.
He’s the World’s Biggest YouTube Star. Is His Next Move to Start a Bank? (Rolling Stone). According to a trademark application, MrBeast is planning to expand into the world of finance.
Related Companies in Talks to Build Prada Tower in Manhattan (Commercial Observer). The new tower would include a Prada store as well as office space for the company and luxury residences.
Inside the Silicon Valley Push to Breed Super-Babies (WaPo). Silicon Valley’s pronatalist set is normalizing embryo screening as a luxury-on-ramp to parenthood, with Orchid charging $2,500 per embryo on top of $20,000 IVF to sequence all 3 billion base pairs and screen for 1,200 monogenic conditions, plus controversial polygenic risk scores. “Sex is for fun, and embryo screening is for babies.”
Oura is winning young women and losing gym rats, and it’s fine with that (TechCrunch). I mentioned the prevalence of Oura Ring use in the founder/tech/performance-obsessed set here:
📉 Bearish news
Gold had its worst day in more than 12 years just 24 hours after notching another record high (Axios).
Gucci-owner Kering sells beauty unit to L’Oreal for $4.7 B as de Meo targets debt pile (Reuters)
How credit risk could pop the AI bubble (Axios). It remains unclear how all that debt will be paid back: AI is not making any money (yet), and each new chip cycle brings costly upgrades. This financing binge could pop the AI bubble.
Bulls may argue that Big Tech firms have enough free cash flow to finance their AI goals without taking on debt, but “it turns out that’s increasingly not the case.”
I had the Oura ring. The data it gave me was off the charts wrong, not only compared to my Apple Watch data, but also in an obvious way. Like telling me I had slept for 2 hours when I clearly had a full night's sleep. I wrote to the company and they had nothing to say and gave me a full refund. I don't know how people trust it.