Joe Haslam ☘ 🇪🇺✓

App Economy Insights @EconomyApp

If you like this, you'll love our newsletter! Hundreds of visuals every earnings season. Join 300,000+ subscribers.👇

Warren @swd2

Someone asked Matt Damon why teachers need job security. His answer is still the best one anybody's given.

Cohere @cohere

We're proud to announce the initial close of our Series E, targeting up to CAD $7 billion at a CAD $35.7 billion valuation; marking the largest private financing round in Canadian startup history.

m4lka @m4lkxx

Your agent is not autonomous You are its loop You check every step because nothing else in the system can I broke down the 7 levels from babysitting agents to running a fleet ↓

Jawwwn @jawwwn_

Peter Thiel (reportedly) ripping Bill Gates to shreds in a leaked copy of the Antichrist lectures: "One of my friends was telling me that I should not pass up on the opportunity to tell those people in SF that Bill Gates is the Antichrist." "I will concede that he is certainly a Dr. Jekyll and Mr. Hyde-type character. The public Mr. Rogers, the neighborhood character — but I saw the Mr. Hyde version about a year ago, where it was just a nonstop Tourette’s, yelling swear words, almost incomprehensible what was going on." "Certainly, of course, there are a lot of people who are wannabe Antichrists." "They sort of want peace and safety. [He] definitely wants a Nobel Peace Prize." "He would give his soul for that, no question about it." Per @verge

FT Opinion @ftopinion

The bid to reverse Europe’s big immigration experiment — The Big Read

Tatenokai Gael 🇮🇪 🇻🇦 @TatenokaiGael

When Jean-Marie Le Pen was asked close to death if he had any regrets, he said he had only one: he was Breton, but he'd never learned his native Celtic language that his mother would sing to him in. So learn your language Gaelbros - don't let it be your life regret.

Fania Oz-Salzberger 🇮🇱🕊️🟣 פניה עוז-זלצברגר @faniaoz

@BernardBessis What’s new and encouraging is that Arab participation in the government is finally normalized in mainstream Israeli discourse.

Watcher.Guru @WatcherGuru

JUST IN: Binance issues statement following suspected crypto hack. "Our teams are aware of reports of a potential security issue and are actively investigating. At this stage, we have not confirmed any impact to user funds. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. "

Max Anderson @MaxAnderson

As someone who has personally spent $500k / mo+ on Google Ads for years, I can tell you with certainty: This revenue growth in Search is artificial & extremely unhealthy for Google’s business long term Search volumes are declining as legacy search is being increasingly cannibalized by non-monetized LLM queries Google’s response? Manufacture revenue growth via short-sighted, highly extractive, customer-hostile tactics. I.e. charge advertisers more for lower quality clicks, including clicks they do not want and explicitly did not approve Google to charge them for A few examples to illustrate: For all of its history until recently, Google operated on a 2nd price auction model I.e. if you bid $5 CPC and the next highest bidder bids $1 CPC, Google charged you $1.01 for the click (one penny more than the 2nd highest bidder) rather than the $5 you bid This was a genius move by Google early on as it incentivizes advertisers to input their true maximum willingness to pay rather than trying to play the game of bidding low and constantly adjusting to try to stay just ahead of the next highest bidder while still not paying too much However recently, Google silently deprecated the 2nd price auction and began charging advertisers as much as their bid and budget caps allow, regardless of what anyone else is bidding It’s a short-sighted cash grab at the expense of the long term health of the advertiser ecosystem Making thing worse, Google also recently nerfed keyword targeting precision Google previously had precise keyword targeting settings that allowed advertisers pick individual search phrases to bid on, defined down to the character w/ exact match or phrase match targeting This was one of the core features that made search advertising magic, enabling advertisers to run extremely precise campaigns based on exactly what their target customer typed But now, even if you bid on a specific term or phrase using the strictest exact -match targeting settings, Google will show your ad across 1000’s of unrelated keywords, labeling them as as “exact match (close variant)” The definition of “close variant” means whatever they want it to and changes constantly. The result is advertisers get billed for clicks that are totally irrelevant to their business and that their targeting settings explicitly forbid Google from targeting. Google does it anyway and there’s no ability to turn this off So now exact match is broad match, and broad match is just meaningless spam This is all very bad for advertisers, but for Google, it allows them to show your ad and bill you for clicks across 1000x more searches that were previously going unmonetized (mainly because they’re garbage queries no one wants) This is how you grow revenue atop declining search volumes Lastly, and perhaps most egregiously, Google quietly stopped respecting budget caps by a factor of 2x. For example campaigns we’ve been running for years with $1000 daily budget caps suddenly began spending $2000+ per day And the extra spend is entirely on the garbage keywords Google arbitrarily throws in as “exact match (close variants)” which have no value to our business, but can’t be turned off Google offers no refunds nor any recourse for overspend or spend on keywords you explicitly did not target These are not the actions of a healthy business. These are the actions of company whose core business is in decline but desperately needs to pump quarterly earnings so Wall Street will continue to fund insane capex while hopefully looking through their rapidly deteriorating negative free cash flow Google operated a benevolent monopoly for the better part of 25 yrs Meaning the value Google captured from Search was but a small fraction of the value it created, and that spread produced a potential energy that justified expectations of high earnings growth far, far into the future This is now no longer the case At the alter of AI capex, Google is sacrificing the golden goose

🤟🏻Nadav Oz Salzberger נדב עוז זלצברגר @NadavSalz

יאללה. ממשלת תיקון

Brad @Bitey_26

Fuck me 🤦🏻‍♂️ No wonder we are so fucked

best of léa seydoux @badpostseydoux

Léa Seydoux tries some of the finest French and British delicacies for ELLE UK.