Economics/Class Relations

Get ready to work into your 80s

Nicholas Carlson, November 22, 2022
Hello, Insiders! Have you been watching the World Cup? We had the USA vs. Wales match playing on the TV in the office yesterday — let’s go USA! — and I will be watching as many games as possible. (By the way, here’s how you can livestream every match.)

 

A lot’s happened so far, including the ongoing controversy around human rights abuses that’s been surrounding this World Cup.

 

Qatar became the first host nation ever to lose its opening match. Ecuador fans chanted “We want beer,” since it was banned from stadiums. Iran’s team refused to sing the national anthem to show solidarity with protesters. Seven European teams backtracked on wearing rainbow armbands after FIFA threatened to sanction players. And Saudi Arabia pulled off one of biggest upsets in World Cup history to beat Lionel Messi’s Argentina.

 

So I want to hear from anyone on the ground at the World Cup. What’s it really like right now? What are you seeing? Or if you’ve been to a different World Cup in the past, what was that like? Let me know at insidertoday@insider.com.

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The big story
Rachel Mendelson/Insider
The only thing Elon Musk understands about Twitter is how to kill it.

 

In early November, as mass layoffs started at Twitter and blue-check parodies began to nuke the company’s advertising business, Elon Musk tweeted, in part: “Twitter can be thought of as a collective, cybernetic super-intelligence.”

 

This was a pretty wild thing to be thinking about, given all the potentially company-ending chaos that Musk was getting ready to inflict on Twitter. But he had stumbled on a rich theoretical vein.

 

To a degree, he was right: a group of seemingly random-acting individuals turns into a collective when it follows a set of simple rules. All the likes and faves, the follows and retweets and shares, turn individual users into something bigger, smarter, and weirder.

 

But even as he grasps that, he’s gone on to get everything about that theory wrong.

 

Musk doesn’t truly understand what he bought or how it works, senior tech correspondent Adam Rogers writes. And whether he manages to hold Twitter together or spin it into shards, his deeper misunderstanding should make all of us even more worried about the future of social media than we are.

 

Here’s what Elon Musk is getting wrong about his new plaything.

 

And for more on this, check out:

Top reads
Dirck Halstead/Getty Images; Howard L. Sachs/CNP/Getty Images; Nathan Howard/Getty Images; Rebecca Zisser/Insider

 

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Today’s sound bite
“Before the fall of FTX, Sam Bankman-Fried spent millions on real estate in the Bahamas. Now, most of the properties sit empty.”
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Today’s team
This edition was curated by Nicholas Carlson, and edited by Hallam Bullock, Lisa Ryan, and Jordan Parker Erb. Get in touch: insidertoday@insider.com.
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