| From the Editor's Desk
They couldnt even scream any more. They were just sobbing: the amateur investors ruined by the crypto crash In the gloom of an 18th-century drawing room at the private rehab clinic Castle Craig, near Peebles in the Scottish Borders, Roy, a 29-year-old victim of the global cryptocurrency crash, tells me his story. It is a dazzling summer's day, but here the mood is sombre. Roy shifts uncomfortably in his chair as he begins.
Continued here
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WorkWorkSpaceX is paying up to $25K to hack into Starlink through its bug bounty program© 2022 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. � � | | Worka16z says WeBack to WeWorks Neumann with its biggest check ever TechCrunchIn his blog post today, Andreessen mused at length about how Flow is poised to solve the nation’s housing crisis, writing that “limited access to home ownership continues to be a driving force behind inequality and anxiety,” though details in the post about exactly how Flow will set out to achieve this were scant. Work � | | WorkWork
� WorkThe Rise of the Worker Productivity ScoreAcross industries and incomes, more employees are being tracked, recorded and ranked. What is gained, companies say, is efficiency and accountability. What is lost? Work � | | WorkWork � | | WorkWork � | | WorkHow Snapchat is sneaking its way into the streaming warsIf Snap can get just a fraction of its app users to adopt Snap+, as it begins folding in subscription-exclusive shows into the service, it could eventually be better positioned to capture the Gen Z mobile viewer gold mine that has so far eluded every company from Quibi to Netflix. WorkJohnny Depp Is Directing His First Movie In 25 Years, Al Pacino Co-ProducingDepp is currently at work filming “Jeanne du Barry,” an upcoming historical love story from director Maïwenn. The actor stars as King Louis XV in the project, which will be his first feature film role since 2020’s “Minamata.” Earlier this month, Deadline unveiled the first image of Depp fully transformed into the French ruler. � | | WorkWorkTaiwan's president says peace critical to tech supply chain stabilityTAIPEI : Peace and stability in the Taiwan Strait is critical to the stability of the global supply chain of high-tech products, Taiwan President Tsai Ing-wen told a Japanese publication, in comments published by her office on Tuesday.Taiwan is a major producer of semiconductors. � | | WorkWorkWorkWealthy Americans are flocking to Florida© 2022 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. WorkLower-income Americans are losing access to life-saving treatments for anorexia: 'There are just gross inequities in access to care'© 2022 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. WorkWorkWorkWorkWorkWorkWorkMycels mushroom meat and biomaterials sprout $10M in funding TechCrunchOn top of the mushroom leather, Mycel develops a fungi-based biomaterial that can be used as an alternative protein to disrupt the meat sector — this biomaterial, which is different from Mycel’s mycelium in the leather, is a fungus but technically not mushrooms, Sah clarified. Back in 2020, the startup tried to pivot to its main biomaterial product for alternative protein, which was experiencing a boom in early 2020 in South Korea. But the company now develops biomaterials for both mushroom-based leather substitutes and alternative proteins, Sah explained. WorkTech industry reacts to Adam Neumanns a16z-backed return TechCrunch“There’s this undertone of acceptance and almost learned helplessness. Or like trauma we’ve all experienced so much it doesn’t make the same impact anymore,” she said to TechCrunch over Twitter DMs. “This all seems new and horrendous to those who have opened their eyes to the systemic issues of VC funding over the past couple years, but we’ve been dealing with it forever.” WorkWorkWorkSerena Williams next act in venture capital is essential in this moment TechCrunchIn tennis, she and her sister, Venus Williams, helped break the color barrier for Black girls looking to play a sport still associated with whiteness and privilege. Following the trail they blazed includes Naomi Osaka, Madison Keys, Sloane Stephens and countless others preparing for the day when they too can walk into the blinding lights of Arthur Ashe Stadium. WorkWorkBitGo seeks $100M in damages from Galaxy Digital for calling off $1.2B acquisition TechCrunch“The attempt by Mike Novogratz and Galaxy Digital to blame the termination on BitGo is absurd,” said R. Brian Timmons, a partner with Quinn Emanuel, said in a statement. “BitGo has honored its obligations thus far, including the delivery of its audited financials. It is public knowledge that Galaxy reported a $550 million loss this past quarter, that its stock is performing poorly, and that both Galaxy and Mr. Novogratz have been distracted by the Luna fiasco. Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more.” WorkWorkWorkGorgias valuation rises to $710M with $30M Series C TechCrunch“Both the automation and ticket prioritization will further merchant revenue goals by better identifying shoppers who are ready to buy and by increasing conversion rates through proactive support — an innovation in the current helpdesk market,” Lapeyre added. “This is made possible by the volume of e-commerce-specific support tickets handled by the Gorgias platform, which are used to train the company’s proprietary algorithms to detect intent and auto-tag appropriately.” WorkWorkWorkWorkWorkWorkWorkHow Instagrams TikTok Envy Finally BackfiredLast month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the ... WorkDr. Doom Roubini Sees Either US Hard Landing or Uncontrolled InflationOver the past year, one of the hottest asset classes has been residential real estate. Whether you use the Clear Capital Home Data Index, the FHFA Home Price Index, or Case-Shiller, we have seen home price appreciation in the high teens as a regular feature since the beginning of the pandemic. Given that real estate investing can be difficult for small investors, how can someone with a few thousand dollars get exposure to the residential real estate market? WorkMichael Burry's Hedge Fund Added One Stock And Dumped All the Rest(Bloomberg) -- Berkshire Hathaway Inc. eliminated a Verizon Communications Inc. stake in the second quarter as the conglomerate run by billionaire Warren Buffett made tweaks to its portfolio and dialed back on stock purchases.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search, Citing ProbeMuch of the US Will Be an ‘Extreme Heat Belt’ by the 2050 WorkShould I sell my house before prices really crash or wait for the next big real estate boom?(Bloomberg) -- Twitter Inc. was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire has cited in seeking to abandon his $44 billion purchase of the social media company. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search, Citing ProbeMuch of the US Will Be an ‘Extreme Heat Belt’ WorkWorkAnne Heche obituaryFilm, TV and Broadway star whose award-winning acting career was overshadowed by a life steeped in controversy WorkWorkPorsche signs 25-year solar energy deal TechCrunchApparently, solar power is hot right now. Porsche said Monday that it plans to build and operate a solar power microgrid at its U.S. headquarters in Atlanta, reducing its annual carbon emissions by 3.2 million pounds. The news came days after Ford announced what it called the largest-ever renewable WorkWorkWorkWorkWorkWhat PwC Learned from Its Policy of Flexible Work for EveryoneWhen it comes to flexible workplace policies, the key is to actually be flexible. It seems counterintuitive, but having rules in place can work against you. Thats why PricewaterhouseCoopers instilled a policy they loosely call everyday flexibility. It isnt something the company mandates that all teams adopt; its a mentality and a way of life that is meant to be individualized for each person. The key is understanding that its impossible to have a one-size-fits-all approach to flexibility. Every employee, at any age, benefits from and is looking for its availability. Flexibility for a caregiver might mean being able to leave work early to take an elderly parent to a doctors appointment. For a parent, it might mean taking a midday run, so evenings can be spent with their children. And for others, it could simply be taking an hour in the afternoon to go to a yoga class and recharge. So, make sure that internal communications about flexibility speak to all employees. Remember, if you trusted an individual enough to hire them, you also should trust them enough to get work done when and where they prefer. WorkU.S. Will Not Release $3.5 Billion in Frozen Afghan Funds, Citing Terror FearsThe Afghan economy has collapsed in the year since the Taliban takeover, leading to mass starvation and a wave of refugees. In recent days, the United States announced that it would send $80 million to the United Nations Food and Agriculture Organization to help combat hunger in Afghanistan, as well as $40 million to UNICEF to support educating Afghan children, particularly girls, and $30 million to U.N. Women to aid Afghan women and girls seeking social protection services and running civil society organizations. |
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