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November 17th, 2021

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

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It's November 17th, 2021

Dear readers,

Happy humpday!

I'm feeling really good right now. Not only is it sweater weather pretty much all the time, but we are finally about to launch a v-neck.

Yep, you heard that correctly, the v-neck is mear days away from being available.

It feels good! It's hard to do things, it's actually much easier to not do things. More on doing things in my update.

Let's get into it!

  • Turkey Shortage
  • Buying The US Constitution
  • Rivian IPO
  • Who Is Satoshi Nakamoto?
  • Oliver Charles Update

The Great Turkey "Shortage"

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

  • Turkeys aren't immune to the supply chain crunch that's affecting pretty much all aspects of life. Bird prices are 20% higher and 30% harder to find.
  • Turkeys were 60% out of stock at the end of October. An estimated 46 million turkeys are eaten each Thanksgiving in the United States, and nearly 9 in 10 Americans eat turkey during the holiday.
  • "Shortage" probably isn't the right word for what's happening. It's not that there are fewer turkeys in the world; rather, supply chain issues and labor shortages are making it harder to find them in stores.
Meet the turkeys being pardoned by Biden >>

How to Buy The Constitution!

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

  • It sounds like a Nicholas Cage movie, but it's reality. A DAO organized to purchase a copy of the United States Constitution when it goes up for auction at Sotheby's on Thursday.
  • A lot to unpack, but let's start with what a DAO is - a decentralized autonomous organization. Simply put, it's an internet community with a shared bank account.
  • The group calls itself ConstitutionDAO, and since launching has raised just over $6M. Sotheby's is currently valuing the text at $15M-$20M.
Own a piece of the Constitution >>

Rivian IPOs With a Bang, But No Cars

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

  • Electric vehicle manufacture, Rivian IPO'd last Wednesday. They promptly became the 3rd most valuable car manufacture, behind Toyota and Tesla, despite never having manufactured and sold any vehicles.
  • Rivian said in its prospectus that it will lose up to $1.28 billion in the third quarter, while revenue will range from zero to $1 million.
  • No one wants to miss out on the next Tesla... at the time of writing this, the company was valued at $146.70B, a little less than double the value of Ford, but 10% the value of Tesla. Since its IPO, the stock is up more than 60%.
Check out their purposed truck >>

Who Is Satoshi Nakamoto?

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

  • Satoshi Nakamoto is the mystical and anonymous creator of Bitcoin. For years people have both speculated and claimed to be him/her. His/her only internet presence is a wallet holding 1.1M of the original Bitcoin, worth more than $60B.
  • There is one person that has consistently claimed to be Satoshi, Australian engineer Craig Wright. Most have written these claims off until now. That's because he's being sued by the family of Ira Kleiman, who claims to be the other half of Satoshi Nakamoto.
  • At the centerpiece of the trail is the roughly $60B in Bitcoin. So if it does turn out that Ira has a claim to half the fortune, the world will finally know.
The trail of the century >>

New Neck Same Go-To Sweater

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

I'm super pumped for this launch, but more than anything, I'm tired of telling people we are going to launch a v-neck soon...

There's a lot to do when starting a business, and it's easy to kick things down the road. Particularly hard things, like launching a whole new product.

So it feels really good to actually execute on it. I hope you all love it as much as we do!

Until next time, keep building 💪.

Tobias
CMO @ Oliver Charles
Connect with me on Linkedin

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