WSJ: “Nearly half of American adults under 30, pinched by the high cost of housing, are living with a parent…Last year, 49% of adults under age 30 said they lived with a parent, up 12 percentage points from 2019, according to the Federal Reserve’s latest Survey of Household Economics and Decisionmaking. Nearly a third of those adults were 25 or older.”
FT: “[Bending Spoon’s] listing, one of the largest by a European group in recent years, piqued investors’ interest due to the company’s business model of buying struggling internet companies, often using debt, before gutting and fixing them to accelerate growth. The catch is that — unlike private equity — Bending Spoons does not then look to sell, but instead seeks to make returns from earnings alone.”
SaaStr: “If you’re a software company, AI spend on engineering should credibly produce revenue lift. You’re making more of the exact thing you sell. If you’re not a pure token reseller and you still can’t show the lift, or at a minimum the savings, you’re going to start looking at that spend with a very jaundiced eye. It’s time for the next mature phase of token spending. It’s time to grow up.
NYTimes: ““MANGOS” is shorthand for a six-company cluster said to be at the center of the artificial intelligence wave: Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX. Investors hope this new cohort will grow exponentially and drive the stock market higher.”
