You are welcome back readers. I’m Jordan Parker Erb, writing to you from New York — but daydreaming about a life in Portugal.
Just recently, the European country announced its new “digital nomad visa,”This will allow remote workers to live and work there for one year (or longer in some cases). All my remote-working tech enthusiasts Here are the details.
YouTube has made an announcement that it is releasing an update unrelated to Portugal unofficial war over short-form videos — and the platform is coming for TikTok’s throne.
Insiders give a behind-the scenes look at YouTube’s plans to counter TikTok’s explosion.
Let’s get to it.
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1. YouTube’s plan for fighting TikTok’s growth. Last month, YouTube finally released its plans to place ads in its TikTok competitor, Shorts — kicking off An unofficial warFor the monetization short-form video.
- It won’t start rolling out ads until next year, but conversations with former YouTube execs and media companies indicated the platform could come out a winner in the short-form competition — even if it didn’t displace TikTok.
- YouTube considers winning a No. 2 spot. YouTube is the 2nd largest player in the space. YouTube does not need to be the most popular short-form-video site, but they must win, according to a former executive.
- YouTube has an advantage in that it is more sophisticated than other ad-sales businesses, which could help increase the likelihood of YouTube selling ads in a shorter form.
- Insiders believe that YouTube’s greatest asset is its ability attract more creators and drive them longer-form videos to make more money.
YouTube could win the short form video contest
In other news
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2. After Kanye West posted antisemetic remarks, Twitter locked his account. Buzzfeed News reports that the rapper was banned from Twitter for posting the offensive post. What we know sofar.
3. Tribe Capital, a VC firm shows big returns in leaked documents and a plan for a new $400,000,000 fund. Founded by alumni of Social Capital, the firm takes a data-driven approach to startup investing — and a leaked investor deck shows that tactic is working. Tribe’s initial fund saw a nearly fivefold return and is now looking to raise its fourth round. Check out what else we have learned from the deck.
4. Internal memos reveal that Mark Zuckerberg’s large metaverse app has a quality problem. According to The Verge, memos from Meta’s VP of Metaverse highlight concerns that the app has performance issues — and that even employees don’t seem very engaged with it. You can read more about that here.
5. Twitter and Elon Musk discussed a renegotiated agreement at $50 per share.People familiar with the situation say that Musk had discussed a deal to purchase Twitter in the days prior to his original offer. We explain why it didn’t work out.
6. William Shatner describes his Blue Origin trip to space as “feeling like a funeral.”Star Trek actor John Stewart writes in his new book, “Star Trek: The Actor” that he was deeply saddened by the trip to space last year with Jeff Bezos and described it as “one of the most intense feelings of grief I’ve ever experienced.” Continue reading to learn more about Shatner’s revelations.
7. What is Nvidia’s average salary? Nvidia’s CEO promised new raises and no layoffs in a recent email. Insider reviewed hundreds of H-1B visa applications and discovered that salaries ranged from $78,582 up to $320,000. You can see how much Nvidia is willing to pay its talent.
8. Apple’s brand new crash detection technology is now activated by something far less serious: rollercoasters. 911 is the name for this feature. It’s designed to assist users in reaching emergency services in life-threatening circumstances. While a woman was on a rollercoaster.
Odds and ends
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Review: The Mercedes-Benz EQS is worth $141,000 Insider’s transportation reporter got to test out the luxurious new EV, and was blown away by its lavish features — like massaging seats and a virtual assistant — and how smoothly it drives. Check out the full review.
10. Elon Musk claims that Tesla semi trucks will be arriving this year. Tesla will begin production of its long-awaited all-electric Semi-tractor-trailer by December and deliver the first vehicles directly to Pepsi. Take a look at the mockup of this semi truck.
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Jordan Parker Erb from New York curated this collection. (Feedback and tips? Email jerb@insider.comTweet @jordanparkererb.)
