The company responsible for Bored Ape Yacht Club is restructuring, and as a result, firing some of its employees. In a memo, its CEO complained that “The creative-first spirit that drove this company from inception has been getting muddied by labyrinthine corporate processes.”
We stan a relatable king. Who hasn’t had their whole day leveled by emails?
“Sunscreen, shades, ZZ Top’s Degüello album and beer is INCOMPATIBLE to emails! Natural adversaries!”
Ralph Nader complained that his favorite pens were drying out too fast. (Those of us who have favorite pens also have strong feelings about them.) Wirecutter sent him some of their recommended pens. “He was not a fan,” reports Annmarie Conte.
Eisenberg sent the price of MNGO tokens up, then withdrew $110 million in crypto. He did not testify.
His defense pointed out the was permitted by the crypto’s code. Turns out code isn’t law!
“No journalist is going to catch Swift in her sweatpants backstage and write about it.” I loved this profile of Tree Paine, perhaps the most influential celebrity publicist in the game.
Though Truth Social has lost $3.5 billion in value, its shareholders say they aren’t worried. “This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” says Jerry Dean McLain, who’s invested “$25,000 — pretty much his ‘whole nest egg.’”
[The Washington Post]
Investor funding for AI startups fell for a second year, according to Stanford. Sounds like the reckoning is here!
Several things could be in play: recognition of AI’s challenges, less spending on expensive foundation models, and “the rapid rise and fall of certain marquee name startups in AI.” 👀