Latest Issues of #AxisOfEasy
AirBnB Pivots to “Virtual Experiences”, Lands $1 Billion Down Round
AirBnB, the tech unicorn that monetizes your spare room has been hit hard by the Coronavirus academic. As the company and the phenomenon grew, more and more “investors” levered up to buy more properties to rent out short term. Some becoming so-called “super-hosts”, running dozens or even hundreds of rental units. There even emerged a phenomenon, of “STR arbitrage“, which is Short Term Rental Arbitrage: taking out long term leases on properties you don’t own,…
Tesla to lay off up to half of sales and delivery staff
CNBC reported Friday that Tesla will be laying off up to half of it’s sales and delivery staff, this comes on the heels of other layoffs reported earlier in the week. Salaried employees are looking at pay cuts of 10% to 30%. In other news, Elon’s brother Kimball appears to have pulled a switcheroo on his employees “emergency fund” for his Nextdoor Restaurant chain, pulling the plug on the fund right before he laid off…
Buy The Tumor, Sell the News
The fictitious valuation of the stock market will eventually re-connect with reality in a violent decline.No, buy the tumor, sell the news ™ is not a typo: the stock market is a lethal tumor in our economy and society. Buy the rumor, …
The World Has Changed More Than We Know
Put another way: eras end.While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling:Coronavirus, synchronous failure and the gl…
#AxisOfEasy 140: Let’s Make This Simple: Zoom is Malware
Big Tech jumping into red hot Coronavirus surveillance market / Let’s Make This Simple: Zoom is Malware
The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive
An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency.What’s remarkable about the lockdown isn’t the hue and cry about the economic dam…
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