Micro-Social Relationships

Editor's Note

Hello from London!

The changing nature of social media is laid bare in three articles I read this week

• Meta is falling apart. Revenue is dropping, and its valuation is plummeting. Time to get fit.

• Twitter post Elon's purchase will be a level of turmoil. Welcome to Hell Elon

• While BeReal is where the cool kids are at. A detailed history of BeReal's rise from 0 customers till yesterday.

This shift to smaller communication bubbles has been a long time coming. Psychologically it's incredibly difficult (and quite frankly, quite weird) to have to deal with a following or network of quasi-contacts. But that's not the only story. This is about investor confidence. There's a lack of confidence in Meta's new plan. Elon has confidence in ripping up the rulebook with Twitter. And investors are betting on a Gen-Z phenomenon. I call it being micro-social.

I don't often recommend pieces I haven't at least skimmed in full. But I'm halfway through The Only Crypto Story You Need from Bloomberg which you will see below. It is long (I'd suspect that it will take 4 or 5 hours to read in total) but worth it. (so far)

Stay Curious,

Onward! - Rahim

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End Note

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