Daily Briefing: June 17

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


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.


“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.


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

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