🏘️ Millennial homeownership is causing the US to run out of houses
Today’s Picks
Millennial homeownership is causing the US to run out of houses. A recent Jefferies note on housing highlighted that homeownership rates have increased among those ages 25 to 29, and especially accelerated for those ages 30 to 34, a clear indication that the millennial generation truly reached homebuying age during the pandemic. (Hillary Hoffower via Business Insider)
Discord will block NSFW servers on iOS. Discord is amping up its restrictions on adult content, with new age gates on NSFW servers and a ban on accessing these servers from iOS devices. (Jacob Kastrenakes via The Verge)
Tax Cheats Are Costing the U.S. $1 Trillion a Year, IRS Estimates. The head of the IRS calculated that tax evasion in the U.S. may total $1 trillion a year, a figure that is multiples higher than previous estimates from the federal government. (Laura Davison via Bloomberg)
Pfizer CEO says company can deliver 10% more doses to the U.S. by the end of May than previously agreed. Pfizer CEO Albert Bourla said Tuesday that his company has ramped up production of its two-shot coronavirus vaccine and will be able to deliver a total of 300 million doses to the U.S. ahead of schedule. (Kevin Breuninger via CNBC)
Epic Games raises $1B for long-term metaverse plans, with $200M from Sony. Epic Games said today it has raised $1 billion in a new round of funding in its bid to build the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. (Dean Takahashi via VentureBeat)
Data Brokers Are a Threat to Democracy. You've probably never heard of Acxiom, but it likely knows you: The Arkansas firm claims to have data on 2.5 billion people around the world. And in the US, if someone’s interested in that information, there are virtually no restrictions on their ability to buy and then use it. (Justin Sherman via WIRED)
Coinbase sets direct listing reference price at $250/share, valuing the company at as much as $65B. Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. According to the company’s most recent SEC filing, it has a fully diluted share count of 261.3 million, giving the company a valuation of $65.3 billion. (Alex Wilhelm via TechCrunch)
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