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Elizabeth Lopatto

Elizabeth Lopatto

Senior Reporter

Senior Reporter

    More From Elizabeth Lopatto

    Elizabeth Lopatto
    Elizabeth Lopatto
    Stanford freshman takes out Stanford president.

    Marc Tessier-Lavigne resigned from his position as the president of Stanford and retracted three scientific papers after an investigation from then-freshman Theo Baker at Stanford Daily last fall.

    I can see why some people in power might prefer Google’s AI “journalism.”

    Elizabeth Lopatto
    Elizabeth Lopatto
    Tom Scocca remembers when the internet was for humans, and he’s got a modest proposal.

    What if we made the Internet Archive the real internet and let the machines have Google?

    This wouldn’t solve the online shopping problem, and it would make it hard to read the newspapers. But if you wanted to learn about something by looking it up online, you could do it just like you used to. The browser would have a search engine that actually searched its contents, and if you clicked on a result from it, it would take you to the earliest version of the page. A little slider, like on Google Earth, could move you through subsequent versions.

    Elizabeth Lopatto
    Elizabeth Lopatto
    Fandom culture gives everyone brain worms, Palantir edition.

    At Fast Company, Katie Notopoulos takes a deep dive into the Palantir meme-stock community:

    One person in the Palantir fan Discord quipped, “Next time someone says Pili is a vampiric data-stealing, Trump-backing, AI-imposter, secretive-data-selling spytech company, you can say, ‘Sir, I object, it’s a vampiric data-stealing, Trump-backing, AI-imposter, secretive-data-selling spytech HUMANITARIAN company.’”

    The stonk market is alive and well, I guess.

    Elizabeth Lopatto
    Elizabeth Lopatto
    Things are going so well at Binance that the company is cutting employee benefits.

    Does this inspire confidence?

    The company told employees that it would stop offering certain benefits, effective June 19, including mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items, according to former employees and a message from Binance’s internal messenger viewed by The Wall Street Journal.

    Elizabeth Lopatto
    Elizabeth Lopatto
    Cathie Wood is so bullish on Twitter, she’s written down its stake in the company by almost half.

    Her ARK Investment Management has previously predicted Tesla stock would be worth $2,000 per share by 2027, and she has also referred to Elon Musk as a “renaissance man.” Anyway!

    “We take fair valuation very seriously and absolutely have had to write that [Twitter] down,” Wood said Friday. “The write-down is not representative of our fundamental outlook and belief in the long-term return on investment we believe that it will have for our shareholders.”

    Hm, yes, almost like Twitter was all downside risk, huh?

    Elizabeth Lopatto
    Elizabeth Lopatto
    “With Signature and Silvergate basically shutting their doors, these balances had to go somewhere.”

    The last crypto bank standing is Customers Bank Corp, a “super community” bank that would prefer we’d all stop calling it a crypto bank, please.

    Elizabeth Lopatto
    Elizabeth Lopatto
    Forum drama never dies.

    Jack Dorsey — he of the Radiohead posts — has logged on to Threads, it seems. Anyway, a defensive posting 101 lesson for the rest of you: never give your enemies content.

    Summer of spamSummer of spam
    Elizabeth Lopatto
    Elizabeth Lopatto
    Elizabeth Lopatto
    Are you ready for the fire sale on startups?

    It’s already started:

    “There is a wave of consolidation coming in tech and particularly software,” said Ryan Nolan, global co-head of software investment banking at Goldman Sachs. He said many of the approximately 1,000 unicorns — tech start-ups valued at more than $1bn — are “stuck without a clear path to liquidity”.

    Elizabeth Lopatto
    Elizabeth Lopatto
    Bloomberg’s Matt Levine is having his vacation ruined again.

    But this time by Ripple, not Elon Musk. (I now get a personal notification every time his vacations are interrupted.) Levine writes:

    I am not sure that it is actually all that good for crypto in the long run. The message of this decision is that crypto companies can freely sell tokens to retail investors as long as those retail investors are uninformed and the companies are secretive about it; only if they sell tokens openly to sophisticated investors will they get in trouble. That’s bad.