Signalclout #26: A world without Facebook
The world experiences a 6 hour outage and the Octane Fund launches
None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, make any investment, or participate in any particular trading strategy.
Welcome to the 26th issue of the Signalclout newsletter.
Facebook is struggling to catch a break. This week the site found all of its services down for an extended period. Twitter found itself flooded as the whole world found its way to the service to figure out what was happening.
To make matters worse, we also had the reveal of the whistleblower that is continuing to put pressure on the company to be more transparent with its data and involve far more regulation on the moderation and spread of information on the platform.
The All-in Podcast had a comprehensive breakdown on the impact of regulation that is a good listen for anyone who wants to catch up on what the future may hold quickly.
In this newsletter, I cover the creator economy, and Facebook controlled companies play a critical role in disseminating the information to get creators to make a living. It sounds like the push towards web3, regulation, and overall crypto adoption is accelerating the rise of challengers to their stranglehold monopoly.
@Nader didn't waste the opportunity and was on Bloomberg sharing the future of $DESO and how it was the alternative the world needed. The price of $DESO did have a bump week, and the $100 price floor held.
$DESO” ‘s big announcement was also their Octane Fund which has already some controversy surrounding it. Never a dull moment!
In this issue, I will talk about a future without Facebook and what that could look like.