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FT Alphaville

Square: Blockheads

Look, we didn’t really want to write this. But then we thought, what if you missed out on perhaps the greatest meet the team page that’s ever graced the internet?Behold, the leadership page of Block! (née Square, as of Wednesday) If you think that doesn’t look real. Then you’d be thinking the same as FT Alphaville this freezing Thursday morning when we opened up Block’s website. But no. Someone really thought this looked great. And someone else probably got paid a lot for a look which...

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Further reading

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How to game the internet: Tesla edition

We’re not saying there’s a big whistleblower story brewing on Tesla that the company has just been made aware of, but does anyone have another explanation for this?Blow the whistle on Tesla!https://t.co/c86hLA0iQK— Elon Musk (@elonmusk) December 1, 2021 Yep, Tesla is selling a $50 stainless steel whistle — “cyberwhistle”, even — based on the design of its Frankenstein’s monster of a truck. Well it was selling it. It is, of course, now sold out.We wonder what will be delivered first?...

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Further reading

Elsewhere on Wednesday,-- Adagia Therapeutics, already in phase 2/3, reports its antibody neutralises against Omicron and rises 319 per cent.-- There’s a Santa shortage. -- Kushner and the Saudis. -- US Shale isn’t delivering as well as hoped. -- Muddy Waters has opinions about the European short selling regime. (Download link).-- The metaverse is already delivering crazy valuations. -- Why the woke are the new Victorians. -- The world according to Eric Zemmour. -- The triumph and the...

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Who is Jack Dorsey?

Jack Dorsey has resigned from his position as CEO of Twitter. The 45-year old, who often identifies as a libertarian, remains CEO of his other company, payments processor Square.There was no official explanation for his resignation other than that the company was “ready to move on from its founders”. But, as the FT reported, the departure seems to have been planned for more than a year and could be a concession to activist investor Elliott Management. Elliott had grown concerned the...

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What is Waystar Royco’s true valuation?

*Spoiler alert: this article makes references to Season Three of Succession. Please make sure you are up to date at least up to episode five before you read it. If you are not, shame on you — watch it now and tell your employer the FT told you to. Fans of HBO’s acid-tongued media empire family drama Succession probably don’t care much for finance. Bar, you know, the trappings of it.Sadly for us — or perhaps more for our close friends and family — FT Alphaville does. Lucky you guys,...

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Further reading

Elsewhere on Tuesday . . . -- Fauci and beagles-- Bitcoin is too mainstream for the crypto hipsters-- We the people, want to YOLO the Constitution-- Tesla vs JPMorgan: the PWC angle-- The fake-letting freeloaders of Suffolk-- Trouble at SpaceX-- Celsius Network’s CFO is in hot water-- Song of the day: Mike Cooper - Paumalu (Sunset Beach)

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Is a BoE rate hike off the cards?

Vibes at Threadneedle Street right now: And, indeed, around the world. So is a Bank of England rate hike, which was expected to come in mid-December, now off the cards? Not necessarily. The Bank’s new chief economist Huw Pill has suggested that the Omicron variant would not deter the Monetary Policy Committee from hiking rates. From Chris Giles’ take on Pill’s remarks: The Bank of England chief economist on Friday said the conditions now existed for him to vote for higher...

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China’s population is shrinking, fast

In macroeconomics, there’s a rather tired old saying: “Demographics is destiny.”The idea is simple. If your workforce can count on the young, the marginalised or immigrants joining in greater number than those leaving it, your economy is in a pretty sweet spot. Consumption, investment and tax revenue should naturally edge higher. Think of the UK in the 1980s, when women began entering the workforce at an accelerated pace. Or the USA’s long-lasting ability, up until recently at least,...

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Further reading

Elsewhere on Monday . . . -- Omicron, not for Xi-- The technobabble nothingburger-- Everything the press said about the economy is wrong-- The battle of Graham, North Carolina-- Clearinghouses, a love letter-- The vultures behind London’s housing crisis-- In memory of Janos Kornai-- Profit shifting and intangible assets-- Song of the day: R.A.P Ferreira -- Brother Mouzone Library Card

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