Thursday morning news drop
Airbnb Is Spending Millions of Dollars to Make Nightmares Go Away When things go horribly wrong during a stay, the company’s secretive safety team jumps in to soothe guests and hosts, help families—and prevent PR disasters. (Bloomberg)
Trading stocks is like playing a Wimbledon champion: To make things even harder, the vast majority of trading nowadays is done by professionals. Unlike amateur traders, they work full-time; they have the latest data and technology at their disposal. The best ones are hugely intelligent and they have vastly more skill and trading experience than you do. (Evidence Based Investor)
Market Meltdown: We Are in the Middle of the Second Dot-Com Bubble Investor and entrepreneur Jason Calacanis gives us a brief history of the 21st century tech industry, explains why this is like and unlike the summer of 2000, and makes some bold predictions about crypto and the economy (Ringer)
How to Think and Act For the Long-Term: Remind yourself why you’re investing: Returns are often viewed through the prism of risk. Stocks are risky, and therefore investors demand compensation for bearing it. This is true, but at an even more basic level, stocks go up over time because things get better over time. This manifests itself through expanding earnings which filters through to its owners. As profits grow over time, so does the value of the business. (Irrelevant Investor)
What Is Happening to the People Falling for Crypto and NFTs For reasons that don’t seem much deeper than weird things happen online, bored apes have become a hot commodity in the market for nonfungible tokens, or NFTs. (New York Times)
NFTs are plunging in popularity? Yeah, that makes sense. Blockchain-backed avatars of the Bored Ape variety appear to be going the way of Beanie Babies. (MSNBC)
Victoria's fleeing families are a product of our housing decisions New statistics show the ratio of kids added per unit of housing—and it seems what we're building is not what families want (Capital Daily)
Thousands of Popular Websites See What You Type—Before You Hit Submit A surprising number of the top 100,000 websites effectively include keyloggers that covertly snag everything you type into a form. (Wired)
Sneaker supremacy: Nike and Adidas battle for brand love Duking it out over six decades, the athletic wear companies influenced sports marketing and culture like few others. Who dominates in the stretch ahead may hinge on innovation and acting on pledges. (Marketing Dive)
In the NBA, You’re Either Trying to Stop Giannis or Find the Next Giannis How can you tell that Giannis Antetokounmpo has become the league’s most dominant force? Check the roster of every team that doesn’t have him. (Ringer)
‘People took so many drugs, they forgot they played on it’ – stars on Exile on Main St, the Rolling Stones’ sprawling masterpiece Recorded during several hedonistic months in a fabulous Côte d’Azur villa, Exile on Main St is seen as the Stones’ epic, creative peak. As the classic album turns 50, stars tell us how it got their rocks off. (The Guardian)
How Kendrick Lamar and Nipsey Hussle's Yearslong Friendship Informed "The Heart Part 5" Kendrick’s tribute to his slain compatriot on his latest single reinforces a connection that goes back decades. (GQ)