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Posts posted by Mic Drop
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Stay at least 75 feet away from these animals, folks!
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TikTok told US lawmakers in a letter that it’s ramping up efforts to protect US user data.
It also confirmed a report that its Chinese employees can access American user data.
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Mark Zuckerberg thinks he has more employees than he needs to copy whatever TikTok does next, and in a Q&A session that leaked to Reuters, he told Meta workers that the company would be “turning up the heat” on performance oversight in order to uncover the workers who just watch Netflix all day. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” he said.
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All told, the 500 richest people in the world lost $1.4 trillion so far this year due to sinking asset prices, according to Bloomberg. It’s the biggest six-month drop ever for the private jet class.
Jeff Bezos finally beat his archnemesis Elon Musk at something—losing money. The Amazon founder’s net worth crashed by $63 billion in the first half of 2022, while Musk’s fell by $62 billion.
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New York: If you’ve been thinking about booking a cruise to avoid airport headaches, make sure to renew your vows first. After a person was allegedly caught in an extramarital threesome on the Carnival Magic cruise ship outside New York, an estimated 60 passengers brawled for an hour, causing the Coast Guard to play marriage counselor and escort the ship to shore.
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Well, those plans have been scrapped following heavy criticism from local residents.
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Listeners speculated that it was a protest after two popular DJs were laid off—but instead it turned out to be a form of “stunting,” which is how a radio station communicates it’s changing its programming.
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Seventeen people will receive the country’s highest civilian honor next Thursday. Among them:
- Former Congresswoman Gabby Giffords, who survived an assassination attempt in 2011 and became a gun control advocate, and actor Denzel Washington will receive honors.
- Athletes Simone Biles and Megan Rapinoe will each get another medal they can add to their already extensive trophy cases. They join the exclusive club of only four other women athletes and coaches to receive the award.
A few other awardees:
- Posthumous medals will be given to former Apple CEO and co-founder Steve Jobs, Republican Senator John McCain, and union leader Richard Trumka.
- Civil rights leaders Fred Gray Sr., the attorney who filed the petition to challenge Alabama’s bus segregation, and Diane Nash, one of the most important student civil rights organizers of the 20th century.
- Sandra Lindsay, the NYC Covid nurse who was the first person in the US to get the Covid vaccine outside of clinical trials.
The Presidential Medal of Freedom award was established by JFK in 1963, but was first presented by President Lyndon B. Johnson after Kennedy’s assassination.
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Drug cartels have taken over control of smuggling operations and increased their cut of the profits, squeezing smugglers’ take to a third of what migrants pay them.
What doesn’t go to the cartel in charge of the smuggling is often doled out to local crime bosses and used to pay bribes to Mexican security forces.
To keep profits up, Honduran smugglers say they charge more than triple what they used to per migrant ($13,500, up from $4,000), according to the WSJ. Still, what’s left over to pay for actual travel costs isn’t much, and conditions for migrants have deteriorated. While the San Antonio incident is the deadliest on record, it’s far from the only one:
650 people died crossing the Mexico–US border last year, the most the International Organization for Migration has ever reported since it started tracking deaths in 2014.
Last year, the Biden administration launched an operation to target smuggling organizations, and last month the Department of Homeland Security announced it had arrested 2,000 suspected smugglers during the previous two months.
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After their worst first half since 1970, stocks climbed to kick off the second half of the year, led by homebuilding companies. But it still wasn’t enough to notch a winning week
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Klarna, the Swedish fintech company that wants to help you pay for your Abercrombie haul in four easy installments, is nearing a fundraising deal that would value it at just $6.5 billion, per the WSJ. We say “just” because it was worth $45.6 billion in June 2021. Fintech and e-commerce, the two sectors Klarna straddles, have taken some of the worst licks from the recent market downturn.
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At least four SPAC mergers were called off in the 24 hours after market close on Thursday, including one that would have taken Panera Brands public, according to Bloomberg. You can understand their hesitancy—an index that tracks companies that went public via SPAC has plunged 67%. For the year to date, 30 proposed SPAC deals have been nixed.
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Crypto brokerage Voyager Digital said it’s temporarily suspending all trades, deposits, and withdrawals on its platform due to current market conditions. In other words, crypto is hurting bad, and Voyager can’t maintain liquidity if its customers drain their accounts or fail to pay back loans. Voyager is the latest in a string of crypto asset-holding companies struggling to stay alive, which includes BlockFi, Celsius, and Three Arrows Capital.
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Netflix briefly crashed after dropping the final two episodes of Stranger Things 4.
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