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Joe Weisenthal Profile picture
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10 May, 5 tweets, 1 min read
The hackers that shut down the gasoline pipeline have apologized. They say they never wanted to cause all this disruption and that they just wanted to make money. They've promised to do better going forward. bloomberg.com/news/articles/…
Please read my latest Medium piece:

What Social Media Companies Can Learn About Moderation From Ransomware Hackers
Sorry Ransomware Hackers: Saying You Want To Avoid Geopolitics IS A Geopolitical Act
The Ransomware Group Doesn't Want To Be Liable For Its Customer Actions. Time To Revisit Section 230?
Don't Let The Hacker Group ESGWash Its Own Actions. Shutting Down Critical Infrastructure Is Never Ethical

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More from @TheStalwart

Joe Weisenthal Profile picture
11 May
🚨🚨 PERSONAL/PROFESSIONAL NEWS:

It's time to get back into blogging.

@tracyalloway and I are launching an Odd Lots blog today, which you can find at Bloomberg.com/OddLots

We're gonna write posts, do written Q&As, transcripts of the episodes. Live events. All of it.
@tracyalloway *And...

For a brief time only, fans of Odd Lots can get a huge discount to the entire Bloomberg site. All the great reporting that our colleagues do on everything that matters right here. So if you were thinking of subbing, do it now: bloomberg.com/oddlotspodcast
And just to be clear, the podcast is going to be free for everyone still on all the platforms. None of that is going to change. Some huge guests coming up.
Read 7 tweets
Joe Weisenthal Profile picture
10 May
WHAT THE UI TIGHT LABOR MARKET DEBATE REALLY SAYS ABOUT THE ECONOMY

In today's @markets, newsletter, I wrote about how UI aside, so many people just assume the existence of an endless pool of low-paid labor

Get the letter here: bloomberg.com/account/newsle…
@markets There it is. As @alexnpress reported yesterday Chipotle announces it's raising wages. ir.chipotle.com/2021-05-10-Chi… HT: @MylesUdland.
The company says in 3.5 years, an employee can get to a six-figure income level.
Read 5 tweets
Joe Weisenthal Profile picture
21 Apr
THE TWO BIGGEST CRITICISMS OF DOGECOIN ARE TOTALLY WRONG

In today's @markets newsletter, I wrote about how Dogecoin might have a better monetary policy than Bitcoin, and why its lack of developer community is irrelevant

bloomberg.com/account/newsle… ImageImage
@markets The lack of developers is the most hilarious thing to attack Dogecoin for.

Dude it's a joke coin with a dog mascot! WTF does it need development for?
@markets And the criticism is especially rich coming from Bitcoiners, who usually understand this point very well, that cryptos are money not tech, and therefore the same expectations of the software industry shouldn't apply and that if anything regular innovation and iteration is bad.
Read 4 tweets
Joe Weisenthal Profile picture
15 Apr
What the hell? valuewalk.com/wp-content/upl…
We need @MylesUdland to go there and give us a review
@MylesUdland Just to be clear, everything about Einhorn's description of the company seems to be exactly correct sec.gov/ix?doc=/Archiv…
Read 5 tweets
Joe Weisenthal Profile picture
15 Apr
BOOOOOOM

Retail Sales
Initial Jobless Claims
Empire Fed
Philly Fed

All of it just crushed expectations

bloomberg.com/news/articles/…
Stock futures rallying! bloomberg.com/news/articles/…
Incredible
Read 5 tweets
Joe Weisenthal Profile picture
15 Apr
THIS IS BITCOIN'S WRONGEST TALKING POINT

In today's @markets newsletter, I wrote about the claim that Bitcoin is now the 5th biggest currency in the world and why comparing its market cap to the "monetary base" of fiat currencies is nonsense.

Sub' here
bloomberg.com/account/newsle…
@markets CC: @crypto_voices @nic__carter @balajis and the many others who have attempted to compare Bitcoin to fiat in this way.
@markets @crypto_voices @nic__carter @balajis I didn't have space to get into it in the piece. But conceptually just talking about the "amount" of a fiat currency is just not that useful, since it's relatively easy in an endogenous money system to create new money by posting an existing asset as collateral and get a loan
Read 5 tweets

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