Notes from another week of Musk’s coup.
Elon Musk, running amok in American government, is attempting to dismantle USAID, taking an interest in federal real estate, and “reveling in the trappings of the opulent Secretary of War Suite in the Eisenhower Executive Office Building.” His goons are also attempting to access Centers for Medicare and Medicaid Services systems.
Incredible kicker from FT Alphaville, on top of some truly bizarre memes from Deutsche Bank. We love our blogging brethren.
[Financial Times]
Did AI just disrupt Sam Altman’s job?
New executive order just dropped from the crypto-owned administration. A fun little committee will decide if we should have a strategic crypto reserve. Also, the government should make it easier for crypto companies to get bank accounts — because that ended so well last time.
Our tech overlords all have problems, and they want to buy the solutions.
Liz Pelly’s Mood Machine offers a history of the biggest player in streaming.
The legendary short-selling firm, which took down EV company Nikola’s founder and launched several other investigations, will wind down. Its founder, Nate Anderson, plans to invest in index funds. “I’ve spent most of the last eight years either in a fight or preparing for the next one,” he told the WSJ. Now he wants to do something else.
[Hindenburg Research]