Don’t Scan Your Eyeballs for Worldcoin’s Magic Beans
Plus: JPMorgan on climate, and Hindenberg Research’s profit.
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Over the past few years, Silicon Valley startups have learned two basic lessons: The first is that loading up your business plan with flavor-of-the-month buzzwords is a great way to please Masayoshi Son, but it doesn’t guarantee customers, revenue or success. (See, for instance, the AI-powered robot pizza startup that raised $450 million and is now dead.) The second is that privacy concerns matter—and they can manifest themselves in unexpectedly terrible ways. (Like when Strava, the fitness app, released a very pretty heatmap of user activity that accidently revealed the locations of secret US military bases.)