I would HIGHLY recommend that @mfriedenberg and @aagalloni take a significant minority investment in the new @Justin_B_Smith @benyt venture, and give them free desk space in Reuters bureaus around the world, for reasons I glossed here, in 2018. vox.com/2018/3/16/1712…
@mfriedenberg @aagalloni @Justin_B_Smith @benyt The value exchange could be enormous on both sides. The Smiths need a plan for what they're going to do when they're sued in any one of dozens of jurisdictions; Reuters can be very helpful there.
Meanwhile, Reuters needs to be able to have a compelling consumer-facing product by the time the Refinitiv money runs out in 2048. They can't count on building it internally; they've tried and failed many times. The Smiths' product could be exactly what they're looking for.
In the meantime, @mfriedenberg @aagalloni, I would personally love it if you start allowing Google to spider my blog archive. The posts are theoretically available on the site, but no one (including myself) can find them! DM me if you have any questions...
Oh wait, @mfriedenberg no longer works at Reuters. I guess this goes out to whoever’s in charge of the website? If anybody knows who that is, plz to let me know

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More from @felixsalmon

7 Jan
It's time for another 🧵about promoted tweets from @MasterworksIO.
You might recall we've talked about these things in the past, when the company was using made-up returns on actual paintings to promote its product.
Now Masterworks is taking a new tack, which is to use other people's marks and likeness without their permission. Image
Read 9 tweets
28 Oct 21
I have this theory that professionals can only communicate in 2 directions, which is why it’s very rare to see union leaders in the press. A short 🧵…
CEOs communicate down, to their employees, and also out, to the world. They’re generally the main spokesperson for the company.
Individual experts within the company are sometimes asked to talk about their area of expertise, while also communicating up to their managers. Out and up is ok.
Read 5 tweets
21 Oct 21
Trying to work out what this could be. “A successful enforcement action, as well as two related actions, by a U.S. federal regulator and a foreign regulator.” In the amount of about $1b-$2b. cftc.gov/PressRoom/Pres…
I mean, if the CFTC is going to put out blind-item press releases, of course we’re all going to start guessing
But I’m having difficulty thinking of anything recent and CFTC-adjacent that reached $1 billion or more
Read 4 tweets
10 Jun 21
I have a story out this morning about the staggering amount of unemployment fraud that has happened over the past year — as much as $400b. A quick 🧵:
axios.com/pandemic-unemp…
First, yes, this data comes from security companies with skin in the game — ID.me and LexisNexis. Also, crime statistics are always fuzzy. There's nothing here that's precise. On the other hand, government sources aren't disputing these numbers.
The big picture is that unemployment fraud has become systematized. It's sold on a SAAS basis on the dark web, and it's operated by very sophisticated international syndicates in Russia, China, Nigeria, and increasingly Romania.
Read 8 tweets
1 May 21
I’m genuinely interested: Who is the man on the left, and what does the $2.1m number refer to?

Ed Ruscha’s “Hurting the Word Radio #2” was bought directly from the artist in the early 70s by Joan & Jack Quinn, for much less than $2.1m; they sold it for $52m. Image
cc @MasterworksIO who might be able to shed some light on this
Ok so mystery solved on who the man is, he’s a stock-photo model istockphoto.com/photo/ambition…
Read 6 tweets
28 Apr 21
My free idea for Substack: Allow people to pay for emails they’ve read and enjoyed, rather than forcing them to only pay for emails that haven’t even been written yet.
A subscription is a big commitment. But when I read a great email like @CaseyNewton’s yesterday, I would love to pay him a buck or two to say “thank you for doing that reporting, this was great.”
An ex-post payment system has other advantages. For one thing, it encourages broader distribution, rather than paywalls. For another, it’s a great real-time indicator of what your audience loves and values and wants to read more of.
Read 8 tweets

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