Level-set: Dubai underwater, Bitcoin in half, Netflix grows

Week ending April 21st

PAST WEEK

YEAR-TO-DATE

Nasdaq

-6.1%

+3.5%

S&P500

-3.5%

+4.7%

MSCI Emerging Markets

-3.6%

-0.6%

Bitcoin*

+2.1%

+52.7%

Ethereum*

+1.8%

+34.8%

Stock of the week:
Skye Bioscience Inc.

+25.0%

+525.6%

Crypto of the week:
Core*

+80.0%

+422.8%

*As of April 21, 2024 @ 6:21pm EST. Source: CoinGecko.com 

Top stories of the past week

1) Dubai underwater
In a place where the average annual rainfall is 100mm, Dubai was unprepared for more than twice that to fall in 24 hours. There’s talk it might have been partially caused by “cloud-seeding”, where they effectively control the weather. Someone lend England that tech.

2) Bitcoin halving
For the fourth time since the OG crypto’s launch in 2009, its inflation rate has halved. I’ll spare you the details, but is there a reason it happened on 4/20? Lazer-eyed orange-pilled maximalists, or Bitcoin fans as they’re more commonly known, would say “moon”. Apologies if you understood less than half that.

3) I can no longer steal my sister’s Netflix account
And the subscriber numbers prove it! Password-sharing crackdowns by Netflix drove subscriber numbers up, with over 9 million new users in the first quarter alone. Total subscribers are now at over 270 million worldwide, which is (counts on fingers) a lot.

Top WEIRD stories of the past week

1) 500 Newfoundlanders went on the same cruise by coincidence. And, of course, have you been to Newfoundland this time of year?

2) British farmers discovered that spraying Axe body spray on male sheep stopped them from fighting. Weird, usually the humans who are wearing Axe are the ones fighting.

3) An Australian resident whose nickname is either “Legend” or “Disappointment-to-the-family” set a Guinness World Record for drinking at 120 pubs in 24 hours. Shoutout to subscriber MQ who knows that is light-work.

You like charts? Graphs? Of course you do.

On this day…

…in 1876, the First National League baseball game was played between the Boston Red Caps and the Philadelphia Athletics. Fun fact: the Red Caps later changed their name to Beaneaters. Who was in charge of naming teams back then? A four-year-old?

Banger of the week

Meme? Nah. Art.

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