🍃 Pot's panic-buying pop

Working as a seller called Big River, a secret group of Amazon employees gained access to rival platforms, including Walmart, FedEx, and Alibaba. They used Big River email addresses and went to seller conferences as Big River employees. They even stayed hidden within Amazon itself. These employees would take screenshots of competitors’ systems that they would then show others at Amazon in person to avoid an email paper trail.

Perhaps most strange of all, the company created a fake Japanese streetwear brand called “Not So Ape” (clearly a play on A Bathing Ape) and continues to sell products from the brand on a Shopify store, presumably as an attempt to learn the inner workings of the shopping platform. Of course, copying is old hat for Amazon.

In meetings where they’d use this clandestine information to inform Amazon’s own business practices, the group resorted to literal paper. “[T]he team avoided distributing presentations electronically to Amazon executives. Instead, they printed the presentations and numbered the documents. Executives could look at the reports and take notes, but at the end of the meeting, team members collected the papers to ensure that they had all copies."

But it’s run into trouble: the orbs have been banned across Europe and Africa, and the associated WLD crypto token has plunged 50% over the past month.

For project insiders, who reportedly received a token allocation of 25% of supply, that could equal significant losses. 

Which is what may make World Chain attractive. Crypto exchange Coinbase launched its own L2, Base, last year. Base has since seen rapid user growth — activity that’s generated the exchange millions of dollars in weekly fees. 

Worldcoin could benefit from similar revenue if its L2 is adopted around the world.

“The proportion of the people selecting this promotion was much higher compared to expectation,” said Red Lobster owner (and seafood supplier) Thai Union Group last year. The chain bumped the price of infinite shrimp by 25%, but Lobsterfest and Cheddar Bay Biscuits may not be enough to save it from Chapter 11.

Musk’s Tesla bought ads on Musk’s X, aka Twitter, to the tune of $200,000 just through February this year. Tesla also paid X another $200,000 this year and a million in 2023 for “commercial, consulting and support agreements.” Musk’s SpaceX has also advertised on X, presumably helping prop up some of the budget the company has lost from non-Musk advertisers Musk seems hell-bent on driving away. Musk’s Tesla paid Musk’s SpaceX $800,000 to use a private jet and paid Musk’s The Boring Company more than a million dollars for “commercial agreements.”

It also turns out that Musk owns a security company, whose job it is to protect Musk. Naturally Musk’s Tesla paid Musk’s security company nearly $3 million since entering into a service agreement in December 2023. Apparently that represents just a “portion of the total cost of security services concerning Elon Musk,” so presumably Musk’s other companies will be left to foot the rest of the bill.

A surge of new users joined Airchat over the weekend, joining entrepreneur Gary Vaynerchuk and Y Combinator CEO Garry Tan.

If users don’t want to inhale voice notes at hyper speed, there is a somewhat hidden way to adjust Airchat’s cadence, but it’s an intriguing feature. User-generated audio has struggled to break out of a niche, so targeting the personality that wants to listen to a podcast at twice the speed is one way to make the user experience more efficient.