Welcome to a new week, readers. I am writing to you from New York, I am Avery Hartmans.
When was the last time you used a foldable phone? For many of us, years have probably passed, maybe more than a decade. But for the teenage members of the Luddite Club, Face phones have become the norm. They are abandoning social media and relying on face-to-face conversations in an effort to free themselves from the distracting tyranny of smartphones.
Personally, I’m not ready to part with my iPhone just yet, but I think they’re interested in something.
We’re exploring that and more – including a new phenomenon called “tax switch” – less. Let’s dive in.
1. How a smartphone addicted teen learned to become a Luddite. Lola Schop was a high school student who describes herself as a “scenario” who takes selfies and browses social media thoughtlessly. When a friend gave up her smartphone for good, it inspired Shub to swap her iPhone for a foldable phone.
Shub is now part of the Luddite Club, a group of New York City teens who meet at their local library. The club has only one rule: no smartphones here.
Since she gave up her smartphone, Ship says she has more space to think creatively, more time to read, and better focus. She and many of her friends have given up Instagram and prefer phone calls to text messages.
“If I had one overarching message for my fellow teens, it would be this: Spend the time getting to know yourself and exploring the world around you,” Ship wrote. “It’s much more satisfying—and much more realistic—than the ones inside your expensive little box.”
In other news:
2. The fate of the global economy may depend on a company that many Americans have never heard of. Taiwan-based TSMC is the world’s largest chip maker — its chips power everything from cars to washing machines to iPhones. But with rising tensions with China, Taiwan’s fate hangs in the balance. Here’s why trillions of dollars are at risk.
3. Twitter insiders brace themselves for the “chaos” caused by Elon Musk. Musk appears to be days away from owning Twitter, but so far, he has done little to move the company under his control, insiders say. Meanwhile, employees are preparing for massive job cuts and an overhaul that will turn Twitter into a “great app.” All we know so far.
4. It’s time to make Facebook Facebook again. As Mark Zuckerberg focuses on his reverse passion project — and spends $15 billion in the process — Facebook, Instagram and WhatsApp have been sidelined, Insider’s Travis Clark wrote. That’s why it’s time for Zuck to refocus on core Meta apps.
5. Snap is giving up its San Francisco office. Amid sluggish demand from advertisers, Snap embarked on a major restructuring that saw 1,200 full-time employees laid off and several projects put on hold. Now, Snap is giving up its lease on the country’s tech Mecca. More on that here.
6. Ten-year-old Tesla Roadsters sell for over $100,000. Tesla only produced about 2,450 of its two-door convertibles, and the Roadster’s value has declined dramatically over time. But Roadsters are seeing a bit of a renaissance these days, selling for up to $212,000 at auction. Why Tesla Roadsters are becoming such a hot collectible.
7. Inside Amazon’s Medical Ambitions. A group of Amazon scientists and engineers recently convened a dedicated AI area to discuss a bold goal: how machine learning can revolutionize areas such as drug discovery, genomics, and clinical trials, just like Google’s leading AI lab DeepMind. Seems to be part of Amazon’s plan to become A serious player in the future of medicine.
8. All this switching could burn you. A recent study found that workers switch between different apps and websites an average of 1,200 times each day, and the switch to working from home is at least partly to blame. It leads to fatigue – creating a “switch tax”.
Possibilities and endings:
9. A new app is eliminating TikTok and BeReal. Called Gas, the anonymous app for high school students has an unusual mission: to kill people with gas (translation for the rest of us: giving compliments). The app allows users to send anonymous compliments to their peers through polls – he’s working.
10. Streaming services that give you the most out of the money you pay. If you’re a subscriber to all nine major streaming services, you could pay as much as $95 a month — and the prices are only going up. Keep reading to find out which platform it will give you Most of the content for your dollar.
What we are watching today:
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