Daily Briefing: June 17

The stat, the quote, and the read you need to start your day right.

Stat

In a new Netflix original series, a Squid Game-like reality show, 456 competitors will participate in a variety of games “inspired by the original show.” (but hopefully not too inspired) The grand prize winner will earn $4.56 million, which is the largest  “lump cash prize in reality TV history,” according to the company.

Quote

“100% based on greater fool theory.”

That's Bill Gates's opinion on NFTs. It's not a kind description: According to the greater fool theory, an investor can profit during a market bubble by buying a risky asset because there will always be someone dumb enough to pay them more for it.

Read

Inside a corporate culture war stoked by a crypto CEO. (New York Times)

Loading comments...
You've successfully subscribed to MarketCents
Great! Next, complete checkout to get full access to all premium content.
Error! Could not sign up. invalid link.
Welcome back! You've successfully signed in.
Error! Could not sign in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.