From BitClout to income share agreements at Lambda School, the future of work feels like a pyramid scheme where you can package and sell others’ potential — The future of work is a pyramid scheme, where every person sells his favorite person to the next person.
Laura Saunders / Wall Street Journal:
How popular brokerage services like Robinhood, Webull, SoFi, and Uphold can make tax-minimizing strategies difficult or impossible to implement — Common tax-minimizing strategies are difficult or impossible to implement on the trading platforms that have boomed in popularity in the past year
Cecilia D’Anastasio / Wired:
A look at r/WallStreetBets, a 2M-member subreddit that helped push GameStop’s stock to record highs and is now facing allegations of harassment — The denizens of the WallStreetBets subreddit helped push the flailing stock to dizzying heights—while a short seller alleged an accompanying harassment campaign.
Lizette Chapman / Bloomberg:
Austin has been a top destination for tech workers leaving CA during Covid, and residents are concerned about how the new wave is affecting city’s culture — Matthew Congrove got the first offer on his house one month into the pandemic. Now, says Congrove, who lives in an eclectic neighborhood …
Adi Robertson / The Verge:
Ticketmaster agrees to pay a $10M fine after admitting to hiring an ex-CrowdSurge staffer and using his credentials to access the rival ticket seller’s systems — It used stolen login credentials at a company summit — Ticketmaster has agreed to pay $10 million for breaking into a competitors’ network.
NRC:
A look at a data center in the Netherlands run by Ecatel, which has faced little action despite being investigated for years for hosting malware and child porn — Hosting In the village of Wormer, there is a data centre run by two men from The Hague. For years they have been under investigation …
Kate Rooney / CNBC:
Pilot, which helps SMBs outsource accounting tasks like payroll, raises $100M Series C led by Bezos Expeditions and Whale Rock Capital, at a valuation of $1.2B — – Pilot raised a $100 million funding round led by Jeff Bezos’s venture capital firm Bezos Expeditions and hedge fund Whale Rock Capital …
Eric Benjamin Seufert / Mobile Dev Memo:
Apple’s app tracking transparency pushes publishers like Zynga to build their own ad tech, creating closed, first party walled gardens that Apple can’t touch — , Apple is diminishing the ability for advertising to be personalized by limiting the use of third-party data for that purpose.
Steve O’Hear / TechCrunch:
Tom Blomfield, founder and president of UK digital bank Monzo, is leaving the company at the end of Jan., says he’s been unhappy since it scaled beyond startup — Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today.
Thomas Claburn / The Register:
AdGuard publishes a list of 6K+ trackers abusing the CNAME cloaking technique, which lets trackers bypass many ad-blocking and anti-tracking protections — Assuming your content blocker can scrutinize DNS — AdGuard on Thursday published a list of more than 6,000 CNAME-based trackers …
