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🍋 Musk Mania: A Love-Hate Relationship in Silicon Valley
Elon Musk has always seemed like the ultimate creation of Silicon Valley - a bold, nerdy innovator fearlessly disrupting one industry after another with reckless abandon. But these days, even Silicon Valley's biggest players seem to be divided on their thoughts about the tech icon. His recent stint as "chief twit" on Twitter has caused a rift among tech's elite, alienating some old allies while also making new ones.
🍋 Instagram Returns to its Roots
Instagram has been doing its best impression of TikTok with 'reels' and the 'discovery page', but with the recent redesign and the universally hated Shop tab, it seems they've finally hit a sour note with their users. Users want Instagram to be more like its old self, and it sounds like the platform is finally listening to them.
🍋 SPAC-tacular Implosion
SPAC creators have been on a wild ride lately, and it seems the party may finally be over. The bubble has burst for special-purpose acquisition companies (SPACs), with a deluge of liquidations and investors getting their money back due to a lack of viable deals and the looming threat of a surprise tax bill. Over 70 SPACs have been liquidated since December alone, which is more than the total number of SPAC liquidations in history.
🍋 Great Resignation Tanking Productivity
The pandemic may have turned our work lives upside down - literally. According to government data, a whopping 4.5 million workers voluntarily left their jobs in November 2021 alone, the highest recorded in the past 20 years. Although the numbers have decreased recently, they're still higher than before the pandemic hit.
🍋 Ad Monopoly Cracking
It looks like Google and Facebook are finally getting a taste of their own medicine! These two behemoths have been monopolizing the digital ad market for years, but it looks like their reign is coming to an end. According to research firm Insider Intelligence, these two giants only accounted for 48.4% of U.S. digital ad spending in 2022. That's the lowest it's been since 2014, and it's expected to drop even further to 44.9% this year.