Elon fired hundreds of “unnecessary” Twitter employees and the platform has been down for hours today.

Now he’s firing hundreds of “unnecessary” FAA employees. What could go wrong?

Sometimes it takes a while, but markets ultimately sniff out the bullshit.

@jasonschreier.bsky.social any news on the reports that Sony is talking about purchasing Kadokawa?

so here is the thing, the people who have trump the win did not vote for this. they voted out of a magical belief that trump would lower prices and make them rich. the gap between what they voted for and what trump will deliver is the space for political opportunity! bsky.app/profile/fkes...

[noticing a group of people having a nice time at the park] enjoy your echo chamber

I wrote about the 2024 US election, and why Americans trusted Trump a second time

open.substack.com/pub/eugeneo/...

I wrote about the slow crisis brewing in commercial real estate. open.substack.com/pub/eugeneo/...

Commercial real estate is in trouble. Record office vacancies, plummeting property values and soon maturing debt have created a perfect storm that lenders and investors have to face head on.

I wrote about this troubled asset class and the headwinds facing it.

open.substack.com/pub/eugeneo/...

Disney has just announced a $1.5B investment with Epic Games (creators of Fortnite) to create a Disney Game Universe.
Disney are looking to increase top line revenue while maintaining favourable margins. Something their streaming business has been unable to do.

venturebeat.com/games/disney...

Fresh basic income pilot results, this time from Arlington, Virginia where 200 people got $500 a month for 2 years. The findings:

Employment INCREASED by 16%, and their incomes from paid work INCREASED by 37%. The control group saw no such gains.

www.arlnow.com/2024/02/06/r...