Plus: Salesforce layoffs, and WFH = lower home prices.
Hello, Insiders. Remember the Winklevoss twins? They went to Harvard with Mark Zuckerberg and accused him of stealing their code when he built Facebook. Well, they made a few hundred million dollars settling the claim — and then, of all things, they became Bitcoin billionaires. Now the Winklevii are back in the news. As Morgan Chittum reports, their firm Gemini was touting big interest payments to clients who would lend it crypto. Then FTX happened, and now many investors are saying they can't get their crypto back out. The Winklevii are blaming another firm, Genesis, which was ensnared in the FTX fallout, resulting in frozen funds. It makes you wonder what the next crypto shoe to drop will be. Got any ideas? Email us your tips: insidertoday@insider.com. And now, today's stories. — Nicholas Carlson |
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- Kevin McCarthy lost three ballots for House speaker, with 20 Republicans voting against him to show the would-be leader who's boss. A look at the chaos in the House.
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- A passenger is suing Southwest Airlines, saying the carrier only gave him vouchers despite promising a refund for a canceled flight. Get the full story.
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Getty; Marianne Ayala/Insider |
It's official: Remote work is going to make it easier to buy a home. It's easy to blame remote workers for the chaotic housing market: Highly paid white-collar employees helped turn once cheap locales into expensive "Zoomtowns." But a new analysis argues that, eventually, the shift to working from home may turn into the antidote for the price spikes we've seen. Because in the long run, it'll enable more workers to live in areas where housing is cheaper and easier to build. Places where remote workers are flocking — the Sun Belt region and suburban areas — are exactly the kinds of locations that are best-equipped to rapidly build lower cost housing to absorb the flood of newly remote workers. And the population shift to these more affordable metros will also help alleviate some of the price pressure in major cities like New York City and San Francisco.
One of the authors of the new study told reporter James Rodriguez, "People are able to consider affordability more, while putting less weight on, 'I need to be near the office.'"
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Aleksandr Zubkov/Getty Images |
- The raw food diet was named the worst way to eat for 2023. Per the US News & World Report, the diet — which only includes foods that haven't been cooked — makes it hard to get enough calories and protein. Meanwhile, the Mediterranean diet was ranked the best. More here.
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- Shopify shuts down Slack channels and cancels meetings. The move, which the company is calling "Chaos Monkey 2023," is part of founder and CEO Tobi Lütke's plan to promote growth by making employees "uncomfortable all the time." Find out more.
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- Who should play Sam Bankman-Fried and Caroline Ellison in a movie or TV show? Apple is reportedly closing in on a deal for the rights of an upcoming book on the FTX saga from the writer of "The Big Short." Our dream casting includes a "Harry Potter" star and a "Booksmart" fave — see our picks here.
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- "I'm an airport baggage handler. We're not sitting around when your bags are late." Rachel Bacha is a baggage handler in Boise, Idaho. She told Insider what it's like working "behind the scenes" at an airport. Here's what the job is really like.
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- The pay gap will get worse for Gen Z women. That's according to a social psychologist and NYU professor, who told the WSJ that while pay gaps across some fields have improved, they "might begin to widen in the 2030s." Read more here.
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- "I built an Airbnb treehouse in my yard — and I've already made enough money to quit my job." Will Sutherland spent six months building the treehouse, turning his "pipe dream" into a reality. Now, he makes $30,000 a year renting it out. Here's how he did it.
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This edition was curated by Nicholas Carlson, and edited by Hallam Bullock, Lisa Ryan, Nathan Rennolds, and Shona Ghosh. Get in touch: insidertoday@insider.com. |
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