They are discussing options that may make the debt less risky to hold. After the events of 2022, when Musk bought Twitter, it was difficult for these banks to offload the debt; they’ve agreed — for now anyway — to coordinate a sale together when X is “on firmer financial footing.”
If you have a deactivated library card for Worcester Public Library in Worcester, Massachusetts, you can get it reactivated by bringing in a photo of a cat. Or a drawing of a cat. Or “any ungovernable animal.”
[The New York Times]
“oh it’s a rare friday money stuff, i wonder who could have brought that about,” Levine wrote on Twitter.
And yes, that means an update on my Levine story is forthcoming.
[Bloomberg]
The new coating was cheaper, and much less effective. Did Vestergaard disclose the change to malaria control organizations, at least? No.
“This is a huge embarrassment,” [Tim] Freeman said. [He is a program manager for an organization attempting to eliminate malaria.] “They’ve been distributing, for 10 years, lower quality nets than in the past. No one wants to admit that.”
I’ve mused before on the correct number of posters and influencers vs lurkers required on text-based social networks — but refrained from commentary on video. (I don’t watch much.) Anyway this survey data suggests my theory applies there too: most people don’t post. That means posters are weird outliers who should be studied in a lab.
About half of TikTok’s users have never uploaded a video; a normal user hasn’t so much as updated their bio. Why, then, is TikTok successful? Posters.
There are now more than 3 million paid subscribers on Substack. It’s a bright spot for the company, which has lately been in the news for a Nazi problem — leading several big-name newsletters to decamp, including my former colleague Casey Newton’s Platformer.
The Axios story says nothing about Substack’s biggest problem: keeping its costs under control. (That’s kind of a pattern!)