🍋 Jonas Bros Want to Text You

Together With

Good Morning! If fast food, and not lack of discipline, is what's preventing you from your beach bod, you're in luck! Taco Bell is running out of Mexican Pizzas because of... you guessed it, supply chain issues. (Apparently, the demand was 7x higher than when it was on the menu the last time in 2020). Janet Yellen admitted underestimating inflation's hotness last year: "I was wrong about the path inflation would take." What's not so hot is the IPO market. No companies or SPACs went public on US exchanges last week, the first week like this in over two years.

Today's sponsor, Polymarket, allows you to trade on real-life events including Ethereum price on Friday.

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1. Story of the Day: Jonas Bros Want to Text You

Social media giants have been busy building out services to allow creators to monetize their audience. TikTok began testing subscriptions last week. Twitter debuted Super Follows and Instagram introduced subscriptions in January.

Jonas Brothers (remember them?) are apparently not fans of the new features and are planning on building their own.

They are launching a new subscription media company called Scriber. This service lets celebs charge fans for exclusive content via text messages.

First of all, if it's the Jonas Brothers, am I wrong in assuming the fans' parents will be the ones paying for the content? Second, I'm not sure if I want celebs texting anyone anything, as we know what that kind of content can be...

It's a smart business move, I'll give them that. Scriber will help celebs avoid paying the Google and Apple app stores commission fees The goal is to get the top 1-5% of a celebrity's existing follower base to pay for exclusive content.

Brian Goldsmith, CEO of the new company, said, "You're targeting the little community of super fans who want either more of what you're already doing or they want to see something that only subscribers will get to see."

Short Squeez Takeaway: If just 1% of the Jo Bros' Instagram followers subscribed to them on Scriber for a year, the band would make $30 million. I'm not sure what kind of spectacular secret stuff they'll be sending out, but for $30 mil a year, I'd send just about anything.

Source: Axios

2. Markets Rundown

Equities finished lower after some up and down movement throughout the day, and crypto was mixed as well.

Movers & Shakers

• (+) Unilever ($ULVR) +9% after it named activist investor Nelson Peltz to its board.

• (+) DexCom ($DXCM) +3% after denying a Bloomberg report that they're in talks to acquire Insulet.

• (–) Credit Suisse ($CSG ) -4% who also denied a report from Reuters that it's looking to raise capital after recent losses.

Private Dealmaking

• Mohalla teach reached an almost $5 billion valuation

• Vestaron raised $82 million in Series C funding

• Onramp Funds raised $42 million in equity and debt funding

• Advent and Lanxess to buy engineering business in $4 billion deal

• Countryside Partnerships rejects takeover offer from Inclusive Capital

3. Top Reads

• Brides won't wait any longer (WSJ)

• Forbes SPAC deal is cold (Axios)

• Singapore Air looking at overseas hub because of COVID (BB)

• Meta changing ticker to META (MW)

• MEG energy share buyback (BB)

• What happened in the markets this month? Nothing? (MW)

• Car insurance bills are up, and will keep going up (WSJ)

• Deutsche Bank and DWS offices searched in Frankfurt (WSJ)

• Billionaire buys bankrupt jeweler (BB)

A Message from Polymarket: ETH Price on Friday, June 3rd

The price of Ethereum (ETH) has fallen over the last few weeks (-28% over the last month). Rising interest rates and growing inflation have contributed to investors moving out of their riskier asset classes like cryptocurrency.

At the time of writing, ETH was trading at $1,932 but will it stay above the $1,800 mark on Friday?

Will $ETH be above $1,800 on June 3?*

With a recent price shift in shares on Polymarket, traders are currently predicting a 83% probability that ETH will be above the $1,800 mark on Friday, June 3rd. What do y’all think? Follow the odds now on Polymarket!

4. Book of the Day: How Will You Measure Your Life?

In 2010 world-renowned innovation expert Clayton M. Christensen gave a powerful speech to the Harvard Business School's graduating class. Drawing upon his business research, he offered a series of guidelines for finding meaning and happiness in life. He used examples from his own experiences to explain how high achievers can all too often fall into traps that lead to unhappiness.

The speech was memorable not only because it was deeply revealing but also because it came at a time of intense personal reflection: Christensen had just overcome the same type of cancer that had taken his father's life.

As Christensen struggled with the disease, the question "How do you measure your life?" became more urgent and poignant, and he began to share his insights more widely with family, friends, and students.

In this groundbreaking book, Christensen puts forth a series of questions: How can I be sure that I'll find satisfaction in my career? How can I be sure that my personal relationships become enduring sources of happiness? How can I avoid compromising my integrity—and stay out of jail? Using lessons from some of the world's greatest businesses, he provides incredible insights into these challenging questions.

How Will You Measure Your Life? is full of inspiration and wisdom, and will help students, midcareer professionals, and parents alike forge their own paths to fulfillment.

“If the decisions you make about where you invest your blood, sweat, and tears are not consistent with the person you aspire to be, you’ll never become that person.”

5. Short Squeez Picks

• Your VC shouldn't be showing off

• The things to know when you lose your job in a downturn

• Examples of when the market wasn't exactly efficient

• Tell your boss: Working from home is making you more productive

6. Daily Visual: Juuling Juniors

Percentage of new daily tobacco users vaping in 2019, by age group

Source: Axios

7. Daily Acumen: It’s Harder to be Kind Than Clever

“When he was a young boy, Jeff Bezos was with his grandparents, both of whom were smokers. Bezos had recently heard an anti-smoking PSA on the radio that explained how many minutes each cigarette takes off a person’s lifespan.

And so, sitting there in the backseat, like a typical precocious kid, he put his math skills and this new knowledge to work and proudly explained to his grandmother, as she puffed away, “You’ve lost nine years of your life, Grandma!”

The typical response to this kind of innocent cheekiness is to pat the child on the head and tell them how smart they are. Bezos’ grandmother didn’t do that. Instead, she quite understandably burst into tears.

It was after this exchange that Bezos’ grandfather took his grandson aside and taught him a lesson that he says has stuck with him for the rest of his life. “Jeff,” his grandfather said, “one day you’ll understand that it’s harder to be kind than clever.”

Source: Ryan Holiday

8. Crypto Corner

• Crypto firms in acquisition mode

• Fidelity's crypto business to start hiring spree

• The internet computer for Ethereum developers

• Singapore looking at digital asset tokenization

• Game developer announces $20 million web3 fund

• Philippines launches blockchain training program

9. Memes of the Day

*****

What'd you think of today's email?

• 🍋🍋🍋🍋🍋 AAA Rated

• 🍋🍋🍋 Meh - was ok

• 🍋 Do better bruh

*****

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