May 25

💆 Adam Neumann's blockchain-based redemption story now sponsored by a16z

Plus: Watchdogs to Joe Biden: Start leading on Congress stock-trade ban, Niantic moves beyond games with AR platform and Campfire social network, and more…

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Join the Newslit Team every weekday morning as they guide you through some of the most fascinating stories in tech and business to supercharge your mornings.
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Today’s pick

Adam Neumann's blockchain-based redemption story now sponsored by a16z. In a classic “pivot-to-crypto-to-reinvent-yourself” moment, controversial WeWork founder Adam Neumann recently launched a startup, Flowcarbon, to sell tokenized carbon… (Anita Ramaswamy / TechCrunch)


Watchdogs to Joe Biden: Start leading on Congress stock-trade ban. 16 watchdog groups are demanding that Joe Biden push Congress to ban stock trades by its members. An Insider investigation published in December found widespread violations of conflicts of interest law. Biden has remained largely silent on the… (Dave Levinthal / Business Insider)


Niantic moves beyond games with AR platform and Campfire social network. Niantic made a name for itself in the mobile gaming industry through the enduring success of Pokémon Go. Now the company is hoping to become something else: a platform for other developers to build location-aware AR apps on top of. This plan… (Alex Heath / The Verge)


Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market. The Silicon Valley firm announced a new $4.5 billion fund for backing crypto and blockchain companies on Wednesday. Partners Ariana Simpson Chris Dixon liken the long-term opportunity in crypto to 'the next major computing cycle,' after PCs in the… (Kate Rooney / CNBC)


US New-Home Sales Plunge to Lowest Since Start of Pandemic. Sales of new US homes plummeted in April by the most in nearly nine years, dented by the combination of high prices and a steep climb in mortgage rates. Purchases of new single-family homes decreased 16.6% to an annualized 591,000 pace, the weakest… (Jordan Yadoo / Bloomberg)


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Jose Montes de Oca

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