I have never in my life wanted anything more than the destruction of Intuit, a company that has lobbied to make taxes miserable for all of us for more than 20 years. Now the IRS is threatening to get into the disruption business and all I can say is yes... ha! ha! ha! YES:
A free filing system offered directly by the federal government could upset a commercial tax prep market estimated by research firm IBIS World to be worth $14.4 billion this year.
Turns out one reason movies are so hideously boring these days is that they are being “written” by VFX nerds. There are, of course, others — and I thought this little reflection on the casualties of the streaming wars was instructive.
Just in time for Bitcoin 2023, the WSJ took a look at the state of play of crypto in Miami. Here’s what it found:
An NFT conference had fewer participants, relocated to smaller space. “Most of crypto was a pyramid scheme.” The residences that marketed themselves as accepting crypto no longer accept crypto after the fall of FTX. MiamiCoin is in the shitter. Miami’s venture fundraising is about 25 percent of what it was in last year’s first quarter. “This is not a free-flowing funding environment as it was before.”
Carl Icahn, whose hardball tactics have pressured Dell and Apple, is well-known for buying stakes in companies and then going all activist investor on them. He is one of the most famous corporate raiders in the world — and shortsellers Hindenburg Research released a report saying he “has made a classic mistake of taking on too much leverage in the face of sustained losses.”
Anyway now the feds are poking around, according to the WSJ.
The cult hit web comic sprawled in literary scope, pushing author Chris Onstad to burnout. Now, he thinks an AI might help him manage it.
The venture capital firm was known for hyping its portfolio. But in the era of tech skepticism and rising interest rates, is it still ahead of the curve?
I wrote this on Thursday because I wanted someone to say “skeeted” on CNN and known poster Jake Tapper absolutely delivered,. Thank you, Jake. 🫡