One reason GLP-1 drugs are tough for patients to take long-term is the cost... even without a telehealth subscription (expensive in its own right), the drugs are pricey. Doctors tell The Wall Street Journal that insurers are approving fewer patients’ prescriptions. And it’s not yet clear how to get off Ozempic and its ilk without regaining weight.
2024 is going to be a year of reckoning for AI.
He might even arrive in time for the SEC’s fraud lawsuit, which is scheduled to begin jury selection in March. He’s also facing eight criminal counts.
That’s Su Zhu; Kyle Davies is still on the lam. But their woes may not yet be over:
Among the most incriminating evidence brought forward against Zhu and Davies is a document they sent to at least one creditor as crypto markets were collapsing in May 2022, claiming 3AC had nearly $2.4 billion under management. Both lenders and people close to the liquidators now believe this number was false, grossly overstating the fund’s assets. “We firmly believe they committed fraud.”
👀
[Intelligencer]
There are rumors the Reddit IPO is happening soon. Some of the most active Redditors may get the opportunity to buy in at the IPO price. Is a new meme stock in the making? Maybe!
In the 2020s, some companies are owned in large part by retail investors, and some of those investors are more interested in being part of an online community of investors, and trading jokes and memes, than they are in financial analysis. And you can make those investors happy in less traditional ways, like by giving them popcorn or buying a gold mine or doing a YouTube interview with no pants on.
[Bloomberg]
Here’s JP Brammer on Madame Web’s appeal:
Madame Web is about PepsiCo Inc. There are multiple instances of unabashed product placement for Pepsi. Madame Web is not shy about reminding the audience about the crisp, refreshing taste of Pepsi.
It’s also about carjacking. The cars she hits people with do not belong to her.
I cannot emphasize enough how trash this movie is. As someone whose last movie before the pandemic was Cats, I urge you to check it out.
[holapapi.substack.com]
We don’t know whether the leg came from a man or woman, nor do we know how old the leg is. We do know, however, that “a human leg has been found abandoned on a New York subway track, police said, sparking an investigation into who it once belonged to and how they lost it.”
“Human leg found abandoned.” “Human leg found abandoned.” “Human leg found abandoned.” “Human leg found abandoned on a New York subway track.”
...because Carl Icahn is on the board now. I expect the flying experience is about to get a lot more unpleasant in the name of maximizing shareholder value.
Hey, you know Zuck’s video review of the Vision Pro? Katie Notopoulos noticed! Here’s the nut:
I don’t attempt to think too hard about Mark Zuckerberg’s inner life, but I don’t get the sense that what we’re seeing is a window into his soul. This is a business strategy.
I think Zuckerberg noticed posting worked well for Elon Musk for a decade, and decided to do a media-trained version of it. That didn’t work for Jeff Bezos, though.