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August 25th, 2021

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes

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It's August 25th, 2021

Dear readers,

Happy Wednesday.

I spend a lot of time surfing the web, most of which is spent on social media, and naturally, I bear witness to a lot of viral moments. Sometimes, I see things and I wonder why they went viral. The emergence of TikTok has greatly exacerbated this feeling. More on this in my update.

Let's get into it!

  • OnlyFans' Big Pivot
  • Pfizer's Vaccine Is Now Called Comirnaty
  • Psychedelic Retreats
  • Hurricane Henri

OnlyFans' Big Pivot

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • For those of you that don't know what OnlyFans is, it's a website that allows creators to post content behind a paywall. Coincidentally, almost all those creators are posting porn. Thus OnlyFans is synonymous with porn.
  • On Thursday, the company announced it was banning pornography. Think of it this way, OnlyFans without porn is like Oliver Charles without sweaters.
  • OnlyFans is a massive website, and the announcement has significant implications. Since its inception, OnlyFans has paid its creators ~$3.7B. More than 300 creators are making upwards of $1M a year, and 16k creators earn at least $50k annually.
See why they are making the change >>

Introducing Comirnaty

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • On Monday, the FDA granted full approval to the Pfizer-BioNTech COVID-19 vaccine. Additionally, they decided to change the name of the vaccine to Comirnaty, a combination of mRNA, community, and Immunity. At least it's easy to pronounce.
  • It means institutions like the US Military and companies can impose vaccine mandates. So far, that's precisely what's happened. Within hours of the announcement, the Pentagon, CVS, the NYC school system, and others said they would enforce vaccine mandates.
  • Unfortunately, most people don't know the status of the vaccine approvals, making it unlikely to encourage hesitant individuals to get inoculated without mandates.
Why the approval took so long >>

Psychedelic Retreats

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Ahhh, magic mushrooms... nothing like a little "trip" to reset when the craziness of modern life gets you down. This sounds like a fantasy, but it isn't, in fact, the newest fad amongst the wealthy.
  • It's probably more than a fad. The laws that prohibit psychedelic use are loosening all over the world, including in the USA. Much of this is due to promising research showing benefits for depression and other diseases.
  • According to Data Bridge Market Research, the psychedelic market is projected to reach $10.7B by 2027, up from $3.8B last year.
Book your "trip" now >>

Hurricane Henri Makes Landfall

OLIVER CHARLES - The New Yak Times - Business And Financial News Using Memes
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Talking Points:

  • Hurricane Henri made landfall this weekend on the northeastern seaboard. Luckily, the storm was much weaker than many meteorologists suspected. It briefly strengthened to a hurricane before weakening to a tropical storm.
  • After making landfall in Rhode Island, the storm persisted to dump large amounts of rain across the East. In 36 hours from Saturday night to Monday morning, 8.05 inches of rain fell in Central Park. If it had been snow, there would have been nearly 9 feet.
  • As the storm slowly made its way away across the region, it knocked out power for about 100,000 people at its peak.
How much it rained in NY >>

Thanks for reading, please share. Seriously.

If you found this email funny, we'd appreciate it if you forwarded it to a friend or colleague. If you did not find it funny, we'd appreciate it if you forwarded it to an enemy or colleague.

Meme credit is due to the following accounts. If I missed someone, let me know!

@b_a_bourgeois
@themuffreport
@linkedinflex
@oliver.charles.clothing

Finally, please send us memes!

Subscribe below for weekly updates on the absurdity of the business and financial world. We spend all day on social media so you don't have to.