📈 Food Prices Soar, and So Do Companies' Profits

Today’s pick

Food Prices Soar, and So Do Companies' Profits. A year ago, a bag of potato chips at the grocery store cost an average of $5.05. These days, that bag costs $6.05. A dozen eggs that could have been picked up for $1.83 now average $2.90. A two-liter bottle of soda that cost $1.78 will now set you… (Isabella Simonetti / The New York Times)

The New York Times @nytimes

Last year, a bag of potato chips at the grocery store cost an average of $5.05. Now, it's $6.05. A dozen eggs were $1.83. Now, it averages $2.90. A two-liter bottle of soda was $1.78. Now, it's $2.17. Corporate profits are also much higher.

nyti.msFood Prices Soar, and So Do Companies’ ProfitsSome companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered.

---

NSA Watchdog Concluded One Analyst's Surveillance Project Went Too Far. An “experienced” analyst working at the National Security Agency developed a surveillance project about a decade ago that resulted in the unauthorized targeting and collection of private communications of people or organizations in… (Jason Leopold / Bloomberg)

Jason Leopold @JasonLeopold

NEW #FOIA SCOOP/🧵Took me 6 yrs to pry this out of NSA A few wks before @Snowden's leaks were published, 2 NSA employees contacted NSA IG to blow the whistle on unauthorized surveillance IG substantiated it W/@KatrinaManson @WilliamTurton @rj_gallagher bloomberg.com/news/articles/…

---

The best way to reach new readers is word of mouth. If you click THIS LINK in your inbox, it’ll create an easy-to-send pre-written email you can just fire off to some friends.

---

Tumblr will now allow nudity but not explicit sex. Tumblr has made an update it hinted at in September, changing its rules to allow nudity — but not sexually explicit images — on the platform. The company updated its community guidelines earlier today, laying out a set of rules that… (Adi Robertson / The Verge)

Adi Robertson @thedextriarchy

Twitter might be a mess but Tumblr allows female-presenting nipples again!

theverge.comTumblr will now allow nudity but not explicit sexThe change it hinted at in September has rolled out.

---

Welcome to Geriatric Social Media. Weirdos like myself, who pay too much attention to tech platforms, are currently mulling a question: Is social media dying? The New York Times' Kevin Roose formally kicked this off in a guest post in The Morning newsletter last week, chronicling… (Charlie Warzel via The Atlantic)

Charlie Warzel @cwarzel

Last week I had a lot of conversations about whether social media was dying or not. I don't think it is but it did make me think about shifts away from text and how Twitter is Geriatric Social Media newsletters.theatlantic.com/galaxy-brain/6…

---

YouTube's Primetime Channels bring streaming movies and TV into the YouTube app. Streaming services are coming to YouTube. The company is rolling out a new feature called Primetime Channels that will bring shows and movies from more than 30 services directly into the YouTube interface. It's a big bet for YouTube that it can be… (David Pierce / The Verge)

nilay patel @reckless

YouTube is adding streaming services to the main service, treating premium channels just like creator channels. Wild times in the streaming wars! @pierce with the story

theverge.comYouTube’s Primetime Channels bring streaming movies and TV into the YouTube appYouTube wants to bundle your streaming services into one app — and then combine it with everything else you watch on YouTube.

---

Thanks for reading to the bottom and soaking in our Newslit fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.

Take care and see you tomorrow!

— Jose Montes de Oca

P.S. Want to advertise with us? We’d love to hear from you.