Issue No. 9

WeWork, Airbnb and Europe, and Why We Trust Lies

Hey everybody!

A few things happened during August that kept me busy. But, we’re back. (For now, at least.)

Would love to know if this newsletter is providing value for you. If it does, let me know! Send me a comment or hit the heart button at the top or bottom of each email/post. If it doesn’t, what should we work on?

Let get this going! Here’s a quick rundown of news that I found interesting and a few other things I learned the past week.


🗞 News

  • As it nears its IPO, WeWork could sell shares at a valuation closer to $20 billion—well below the $47-billion valuation at which the company raised money as recently as January. WeWork’s financial statements, made public for the first time in August as part of the company’s regulatory filings, show that the company does not have any significant advantages over its competitors. Link

  • Amazon in talks to invest in Indonesia’s Gojek. Indonesia is by far the region’s biggest and most promising market with 260 million people. Link

  • Super Nintendo Games are now available on Switch. As of September 5, there are 20 Super NES games now available, from staples like Super Metroid and The Legend of Zelda: A Link to the Past to more obscure titles like Brawl Brothers. Link


📚 Good Reads

  • Amazon’s Shipping Empire Is Challenging UPS and FedEx. Link

  • How Google Search works (by Google). Every time you search, there are thousands, sometimes millions, of webpages with helpful information. How Google figures out which results to show starts long before you even type. Link

  • Ditch air-conditioning. Buildings can be designed to keep the heat out without contributing to climate change. Link

  • Over-representation of males in STEM fields is perhaps better framed as under-representation of males in reading fields and the latter is driven by relatively low reading achievement among males. Link

  • Is Airbnb destroying Europe’s cultural capitals? Higher rents, however, have left local residents with little option but to move out to the suburbs. Link

  • Research: Where a founder is from affects how they structure their company. Results showed that founders from countries where institutions are more transparent and the law is more predictably enforced tended to give more autonomy to employees. Link


🤯 Coolest Things I Learned This Week

How misinformation spreads—and why we trust it

  • Social media has facilitated the proliferation of false belief at an unprecedented scale.

  • By modeling the ways misinformation spreads via networks of people, researchers learn how social trust and conformity affect how communities reach consensus.

  • Social trust matters to belief when individuals treat some sources of evidence as more reliable than others.

  • Conformity is a profound part of the human psyche and one that can lead us to take actions we know to be harmful. 

Credit: Jen Christiansen

🤔 Quote I’m Thinking About

“Every action you take is a vote for the type of person you wish to become. No single instance will transform your beliefs, but as the votes build up, so does the evidence of your new identity.”

—James Clear


Alright! That’s it for this week’s issue! Have a good weekend everyone!

Until next week,

Leroy

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