Meta begs Congress for full immunity from child harm lawsuits
The SpaceX billionaires, who are they?
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Meta begs Congress for full immunity from child harm lawsuits
SpaceX snaps up Cursor in bold move to supercharge weak AI team
Crypto billionaires declare Bitcoin has officially hit bottom
Burnham victory sets stage to finally boot UK PM Starmer from power
NetJets suffers first fatal crash, killing prominent Texas VC founder
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Meta begs Congress for full immunity from child harm lawsuits
Meta is seeking sweeping legal immunity from lawsuits alleging its platforms harm children as part of Kids Online Safety Act talks while facing thousands of claims and a recent six million dollar jury verdict.
Proposed Language: Would grant companies immunity from state claims on safety or privacy of individuals under eighteen related to KOSA.
Litigation Backdrop: Includes consolidated California cases state suits and school district actions after negligence finding in bellwether trial.
Social Media’s Reckoning Begins
The iconic tagline on the movie poster for the launch of The Social Network movie was “You don’t get to 500 million friends without making a few enemies.”
Meta Statement: Provision creates uniform national standards without extinguishing existing suits or offering blanket immunity.
Lawmaker Rejects: Senators say they have not seen the language and would never consider such broad protections.
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The SpaceX billionaires, who are they?
SpaceX’s IPO lifted Elon Musk’s personal stake past $1 trillion dollars while shares climbed 37% percent and minted several other billion dollar holdings among executives and early backers.
Valor Equity Position: Holds around ninety $96.6 billion dollars with founder Antonio Gracias serving on the board as longtime Musk associate.
Luke Nosek Stake: $6.3 billion dollars as board member since 2008 and PayPal cofounder.
Gwynne Shotwell Wealth: $2.4 billion dollars as president managing daily operations and customer contracts.
CFO Bret Johnsen: $1.2 billion dollars after joining the company in 2011.
SpaceX snaps up Cursor in bold move to supercharge weak AI team
SpaceX bought Anysphere parent of the popular AI coding tool Cursor marking its first major acquisition as a public company to vertically integrate and aid SpaceXAI efforts against frontier rivals.
Vertical Integration Play: Acquisition adds top developer application to energy compute and model layers for stronger AI stack.
Compute Leverage: Utilizes billions spent on chips plus capacity already rented to Anthropic and Google.
User Loyalty Factor: Developers love Cursor and refuse to leave the fastest growing AI application platform.
Future Hurdles Noted: Still requires high powered models beyond Cursor and Grok to match top competitors.
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Crypto billionaires declare Bitcoin has officially hit bottom
Coinbase CEO Brian Armstrong and Binance founder Changpeng Zhao both believe Bitcoin has bottomed around $60,000 dollars after falling from a $126,000 dollar peak amid normal market cycles.
Armstrong Outlook: Past trends fear and greed indexes suggest bottom with legislation, AI IPOs and capital flows driving growth.
CZ Perspective: $60,000 dollars is really low compared to previous winter at $16,000, dollars industry still growing.
Cycle Reminder: Winters come and go but more applications and use cases are emerging to support future upside.
Market Context: After ETF fueled run, now seeing tepid buying as tensions ease and ETF optimism returns.
Burnham victory sets stage to finally boot UK PM Starmer from power
Greater Manchester Mayor Andy Burnham secured a decisive parliamentary seat win with 54.8% of the vote positioning him to challenge UK Prime Minister Keir Starmer who vows to fight any contest.
Election Result: Defeated Reform UK candidate with high turnout increasing pressure on Labour after poor local showings.
Burnham Message: Calls result a final chance for party to change and act or face no second opportunity.
Starmer Response: Insists he will stand in any leadership race and will not walk away from the role.
Party Turmoil: Cabinet resignations and potential formal challenge loom if prime minister digs in.
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NetJets suffers first fatal crash, killing prominent Texas VC founder
NetJets suffered its first fatal accident when a Cessna Citation crashed onto a Laredo Texas highway after reporting low fuel en route from Mexico to Austin killing influential venture capitalist Joshua Baer.
Survivor Details: Two pilots and three teenagers rescued by bystanders in what mayor called near mass fatality miracle.
Victim Background: Fifty year old Joshua Baer founded Austin’s Capital Factory tech startup venture firm.
Expert Speculation: Possible fuel leak suspected given aircraft range triple the planned flight distance.
Company Stance: Berkshire subsidiary reaffirms safety focus and pledges full NTSB cooperation without speculation.
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I spoke with a friend who is a retired corporate jet pilot. He said that NetJets had an excellent safety record. He also has a theory about why the jet crashed and it does involve fuel issues. I'm not going to repeat it here, but he has been really accurate about the causes of aircraft crashes very early in the incident. He was also an IP, ground school instructor, and certified mechanic for many corporate jet brands. He was also an Air Force crew chief for F-4 Phantoms and worked as a mech at the Air Forces Weapons School back in the late 60s. Plus the above photo is a crappy AI reproduction of the crash scene.
Put those fucks out of business.