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</p>
</td>
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<tr>
<td align="center" bgcolor="#ffffff" style="background-color: #ffffff; text-align: center;">
<img alt="The Hustle" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FHustle_HubSpot_logo_glow.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1onI99:bCr_CMrwB8l_nM7GQycSlSF2L-uFmPhammNv-8sxAAE" style="width: 250px;" width="250"/>
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</tr>
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<table style="width: 100%">
<tr>
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<table style="width: 100%;border-spacing:0px;">
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<td class="h2020 intro ignore-defaults" style="font-size: 15px; padding: 0px 10px">
<p style="padding-bottom:10px; font-size: 16px; line-height: 140%; margin:5px 0px 0px">
A California cannabis company is being sued for “THC Inflation,” or in other words — not getting customers high enough.
</p>
<p style="padding-bottom: 10px; font-size:16px; line-height:140%;margin: 5px 0px 0px;">
<strong>
In today’s email:
</strong>
</p>
<ul style="font-size:16px;line-height:20px;padding-bottom: 10px; padding-left: 12px;margin:0">
<li style="font-size: 16px; line-height: 140%;margin: 0 0 0 15px;padding: 0px">
<strong>
TSMC:
</strong>
What you should know about it.
</li>
<li style="font-size:16px; line-height: 140%; margin: 0 0 0 15px;padding: 0px">
<strong>
Chart:
</strong>
Day traders are giving up.
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px;padding:0px">
<strong>
Drying up:
</strong>
Remote workers are straining water resources.
</li>
<li style="font-size:16px;line-height:140%;margin: 0 0 0 15px;padding:0px">
<strong>
Around the Web:
</strong>
Half-baked inspo, Wikipedia’s “deaditors,” custom emoji, and more cool internet finds.
</li>
</ul>
</td>
</tr>
<tr>
<td bgcolor="#eaf0f6" class="h2020 intro ignore-defaults dark-bg" style="background-color:#eaf0f6;border-radius: 8px; color: #192733;font-size: 15px;padding: 5px 15px;">
<p style="padding-bottom: 10px;font-size: 16px; line-height: 140%; margin: 5px 0px 0px;">
🎧 On the go?
<a style="color: #192733; text-decoration: underline !important">
Listen to today’s 10-minute podcast
</a>
to hear Jacob and Rob break down TSMC’s problematic semiconductor dominance, a trending open letter to Zuck, Beyond Steak, and more.
</p>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding-top: 10px">
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
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</td>
</tr>
<tr>
<td style="padding-bottom:5px">
</td>
</tr>
<tr style="display:block;padding:10px 2px 0px">
<td style="width: 100%;">
<table style="width:100%">
<tr>
<td style="color: #bF2434;font-size:16px;font-weight:bold; letter-spacing: 1.5px;text-transform: uppercase;padding: 0px 0px 10px">
The big idea
</td>
</tr>
<tr>
<td style="padding: 0 0 1px;">
<a style="color: #192733; text-decoration: underline !important;">
<img alt="chip" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fchip_2.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1onI99:bCr_CMrwB8l_nM7GQycSlSF2L-uFmPhammNv-8sxAAE" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
</a>
</td>
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<tr>
<td>
<h2 style="font-family:'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px;line-height: 26px;font-weight: bold; margin: 10px 0px 5px">
What to know about the Taiwan chip situation
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding:5px 0px 0px;">
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px">
Replace eggs with semiconductors, and the phrase “don’t put all your eggs in one basket” describes an enormous issue facing the global economy.
</p>
<p style="font-size: 16px;line-height: 140%;margin: 5px 0px 10px;">
At the middle of it is Taiwan Semiconductor Manufacturing Company, a $300B+ company that accounts for
<a style="color:#192733;text-decoration: underline !important">
92%
</a>
of global advanced semiconductor production capacity, building chips for much of the world’s tech across iPhones, military equipment, cars — you name it.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing:0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
As the name suggests, TSMC is in Taiwan
</strong>
</h4>
<p style="font-size: 16px; line-height: 140%; margin:5px 0px 10px">
That presents a dicey geopolitical conundrum:
</p>
<ul style="font-size: 16px; line-height: 20px;padding-bottom: 10px;padding-left: 12px; margin: 0;">
<li style="font-size: 16px;line-height: 140%; margin: 0 0 0 15px;padding: 0px 0px 10px">
<strong>
China
</strong>
is threatening military action to gain control over Taiwan.
</li>
<li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
<strong>
Taiwan
</strong>
views its chip supremacy as a “silicon shield” — if China were to attack Taiwan, the US would
<em>
have
</em>
to protect it.
</li>
<li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px">
<strong>
The US
</strong>
is now hedging its bets, committing to protect Taiwan while also pushing both TSMC and US chip companies to start manufacturing stateside.
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
What’s being done?
</strong>
</h4>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
In July, Congress passed the CHIPS and Science Act, putting
<a style="color: #192733; text-decoration: underline !important;">
~$53B
</a>
toward US manufacturing.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
The US also recently
<a style="color: #192733; text-decoration: underline !important">
blocked
</a>
the sale of advanced semiconductors and equipment to Chinese firms, and restricted US companies and citizens from aiding Chinese chip development.
</p>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px">
As for companies…
</p>
<ul style="font-size:16px;line-height: 20px; padding-bottom: 10px;padding-left:12px;margin: 0">
<li style="font-size: 16px;line-height: 140%; margin: 0 0 0 15px;padding: 0px 0px 10px">
<strong>
Intel
</strong>
is investing $20B+ on two factories in Ohio,
<strong>
Micron
</strong>
said it’ll spend $100B on one in New York, and
<strong>
Samsung
</strong>
is dropping $17B on a factory in Texas.
</li>
<li style="font-size: 16px;line-height: 140%;margin: 0 0 0 15px;padding: 0px ">
Even
<strong>
TSMC
</strong>
was swayed by the Trump administration to build a $12B fab in Arizona.
</li>
</ul>
<p style="font-size:16px;line-height:140%;margin: 5px 0px 10px">
These moves are a start,
<strong>
</strong>
but the estimated total investment required for major global regions to completely reshore production is pegged at
<a style="color: #192733;text-decoration: underline !important">
~$1T
</a>
each, plus $45B-$125B a year thereafter. In other words, we’ve got a ways to go.
</p>
</td>
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<td>
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</td>
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<table style="width: 100%">
<tr>
<td style="color:#bF2434;font-size:16px; font-weight: bold; letter-spacing: 1.5px;padding: 10px 0px">
TRENDING
</td>
</tr>
<tr style="padding-top:10px">
<td bgcolor="#EAF0F6" style="background-color: #EAF0F6; border-radius: 10px; padding: 5px;">
<table>
<tr>
<td class="dark-bg h2020 ignore-defaults" style="font-size:16px; padding: 5px;">
<img alt="eyeball wearing a hat" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fwhats-trending-icon.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1onI99:bCr_CMrwB8l_nM7GQycSlSF2L-uFmPhammNv-8sxAAE" style="width: 70px; height: auto" width="70"/>
</td>
<td class="dark-bg h2020 ignore-defaults" style="font-size: 16px; padding: 5px 3px">
<p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px">
<strong>
Dear Mark:
</strong>
Brad Gerstner, whose Altimeter Capital holds 2m+ shares of Meta, wrote an
<a style="color:#192733; text-decoration: underline !important">
open letter
</a>
to Mark Zuckerberg outlining ways to cut costs and refocus the company.
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color:#eaf0f6; border-bottom-style: solid; border-bottom-width:1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px">
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="width: 100%">
<table style="width: 100%;">
<tr>
<td style="color: #bF2434; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 10px 3px 0px">
SNIPPETS
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults dynamic-snippets" style="font-size: 15px; line-height: 160%; margin: 0; padding: 15px 0px 3px 3px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Beyond Meat
</strong>
launched its steak product in
<a style="color: #192733; text-decoration: underline !important">
5k+ stores
</a>
. Beyond’s stock is down 80%+ this year, and it plans to cut 19% of staff. (Also, its COO was arrested for biting someone’s nose.)
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Apple raised
</strong>
the monthly prices of Apple Music and Apple TV+,
<a style="color: #192733; text-decoration: underline !important;">
citing
</a>
higher licensing costs and a growing catalog of video content.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Good news, gamers:
</strong>
A new
<a style="color: #192733; text-decoration: underline !important;">
study
</a>
found kids who play video games have better memory and motor skills control.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Startup WeTravel
</strong>
scored
<a style="color: #192733; text-decoration: underline !important;">
$27m
</a>
in funding to expand its group travel booking platform.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Rishi Sunak,
</strong>
the UK’s ex-finance minister, will become its first
<a style="color: #192733; text-decoration: underline !important;">
prime minister
</a>
of color following Liz Truss’ resignation.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Red Bull
</strong>
owner and co-founder
<a style="color: #192733; text-decoration: underline !important;">
Dietrich Mateschitz
</a>
has died at age 79. He began selling the energy drink in Austria in 1987.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
A federal appeals court
</strong>
has
<a style="color: #192733; text-decoration: underline !important;">
blocked
</a>
student loan forgiveness as it considers a motion from six states to halt the program. The Biden admin is still encouraging those with debt to apply.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Myth-busting time:
</strong>
For ages, the business world has bought into the notion that introverts can’t lead. We made a
<a style="color: #192733;text-decoration: underline !important">
short video
</a>
explaining why that’s BS, and how introversion can be a leadership superpower.
</p>
</td>
</tr>
<tr>
<td style="border-bottom-color:#eaf0f6; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
</table>
</td>
</tr>
<tr style="display: block; padding:10px 2px 0px">
<td style="width: 100%;">
<table style="width: 100%">
<tr>
<td style="color: #bF2434; font-size: 16px;font-weight: bold;letter-spacing: 1.5px;padding: 0px 0px 10px">
CHART
</td>
</tr>
<tr>
<td style="padding: 0 0 1px">
<a style="color:#192733;text-decoration: underline !important">
<img alt="retail trades per day" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fday_traders.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1onI99:bCr_CMrwB8l_nM7GQycSlSF2L-uFmPhammNv-8sxAAE" style="height: auto; width: 100%; max-width:600px" width="600"/>
</a>
</td>
</tr>
<tr>
<td>
<p style="font-family:'Roboto', helvetica, sans-serif; color: #192733;font-size:12px; font-style: italic; padding-bottom:10px;line-height: 20px; margin: 0px;">
Olivia Heller
</p>
</td>
</tr>
<tr>
<td>
<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif;font-size:22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px">
Amateur investors are bowing out
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
Meme stocks, crypto crazes, stimulus checks, and a bull market all contributed to a frenzy of trading activity between 2020 and 2021.
</p>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px">
With 2.5m new US millionaires
<a style="color: #192733; text-decoration: underline !important;">
minted
</a>
last year, there was reason for optimism.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
Fast forward to today, where a looming recession has traders
<a style="color:#192733;text-decoration: underline !important">
pumping
</a>
the breaks, per
<em>
The Wall Street Journal.
</em>
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing:0px; line-height: 22px; padding-top: 8px; margin: 0px">
<strong>
Daily trading volume…
</strong>
</h4>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
… has fallen sharply across the board as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite are all down big year to date.
</p>
<ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
For Robinhood,
</strong>
the app most associated with powering meme stock mania, July was the weakest trading month on record.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
The irony is that investors can get some of their favorite stocks much cheaper today than at any point in 2021, and as the downturn continues, long-term investors will likely be eager to pounce.
</p>
</td>
</tr>
<tr>
<td>
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<td style="color: #bF2434; font-size:16px; font-weight: bold; letter-spacing: 1.5px;padding: 10px 3px 0px">
TRENDS
</td>
</tr>
<tr id="image">
<td class="h2020 ignore-defaults" style="padding: 0px 3px">
<center>
<a style="color: #192733; text-decoration: underline !important;">
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<td>
<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
The top 25 Trends discussions of the year
</h2>
</td>
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<tr id="bottom ad copy">
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
We launched Trends in 2016, hoping to become a premier global network for founders, builders, and especially savvy individuals.
</p>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
Today, 15k+ members get the wild weekly newsletter filled with data-backed reports and growth hacks galore.
</p>
<p style="font-size:16px;line-height: 140%;margin: 5px 0px 10px">
They also consult each other daily for hyper-specific insights, and it’s kind of incredible to see. Here’s a roundup of the
<a style="color: #192733; text-decoration: underline !important">
top 25 posts of the year
</a>
spanning ecommerce, Web3, real estate, and more:
</p>
<ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
A curated list of startup resources
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
300 D2C landing page examples from baller brands
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
The hidden costs of real estate investing
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
50+ no- or low-code NFT-related apps for creators
</li>
</ul>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
Plenty more inside. Test-drive our content and community for a buck.
</p>
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Zoomtowns
</td>
</tr>
<tr>
<td style="padding: 0 0 1px">
<a style="color: #192733;text-decoration: underline !important">
<img alt="drought" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fdrought.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1onI99:bCr_CMrwB8l_nM7GQycSlSF2L-uFmPhammNv-8sxAAE" style="height: auto; width: 100%;max-width: 600px;" width="600"/>
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<h2 style="font-family: 'Oswald', 'Roboto', helvetica,sans-serif;font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px">
Zoomtowns are drying up, literally
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px">
<p style="font-size: 16px;line-height:140%; margin: 5px 0px 10px">
Many remote workers moved from pricey cities to cheaper areas where they could afford a home.
</p>
<p style="font-size: 16px;line-height:140%; margin: 5px 0px 10px;">
This not only drives up housing costs, but transplants are also straining limited water resources,
<a style="color: #192733; text-decoration: underline !important;">
according to
</a>
<em>
Business Insider.
</em>
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
This is especially true…
</strong>
</h4>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
… in the drought-stricken American Southwest, where temperatures are high and water is diminishing amid climate change.
</p>
<ul style="font-size: 16px; line-height: 20px; padding-bottom:10px; padding-left: 12px; margin: 0;">
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
Cities including
<strong>
Phoenix
</strong>
,
<strong>
Austin
</strong>
, and
<strong>
Santa Fe
</strong>
all saw their remote-work shares bump to 20%+ in 2021, compared to the national average of 17.9%.
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px;padding: 0px">
A University of Nevada, Las Vegas study found residential water use in Henderson, Nevada increased amid the pandemic, due in part to remote work.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
While an individual household doesn’t use as much water as, say, agriculture or giant companies, it’s still troubling.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing:0px; line-height: 22px; padding-top: 8px;margin: 0px">
<strong>
What’s the solution?
</strong>
</h4>
<p style="font-size:16px;line-height: 140%; margin: 5px 0px 10px">
Just increasing water costs could harm lower-income families while failing to change the habits of those who can afford it.
</p>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px">
But similar strategies
<em>
do
</em>
work. In southern Nevada, water usage has decreased 25%+ in the last 20 years, despite an increasing population, thanks to tactics like:
</p>
<ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px;padding-left: 12px; margin: 0;">
<li style="font-size:16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
Penalties for water-wasters
</li>
<li style="font-size:16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
Restrictions on water usage
</li>
<li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding:0px">
Rebate programs for sustainable changes, like replacing grass with climate-friendly plants
</li>
</ul>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
Meanwhile, some areas are trying public shaming.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
For example:
</strong>
The Suffolk County Water Authority’s 2022 “water hogs”
<a style="color: #192733; text-decoration: underline !important;">
include
</a>
Joann Goldsman, wife of
<em>
Batman & Robin
</em>
screenwriter Akiva Goldsman. Poison Ivy would be
<em>
so pissed
</em>
.
</p>
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AROUND THE WEB
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<strong>
🖥️ On this day:
</strong>
In 2001, Microsoft
<a style="color: #192733; text-decoration: underline !important">
released
</a>
Windows XP, which replaced the “blue screen of death” with a pop-up.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
😊 How to:
</strong>
<a style="color: #192733;text-decoration: underline !important;">
Add
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custom emoji to Slack.
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💡
<strong>
Haha:
</strong>
This
<a style="color: #192733; text-decoration: underline !important;">
website
</a>
lists half-baked ideas.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
🪦
<strong>
That’s interesting:
</strong>
Wikipedia’s “
<a style="color: #192733; text-decoration: underline !important;">
deaditors
</a>
” update pages upon someone’s death. And sometimes, they’re faster than the news.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
🐣
<strong>
Aww:
</strong>
And now,
<a style="color: #192733; text-decoration: underline !important;">
co-parenting
</a>
.
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MEME
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Today's email was brought to you by
<a style="color: #192733; text-decoration: underline !important;" target="_blank">
Jacob Cohen
</a>
,
<a style="color: #192733; text-decoration: underline !important;" target="_blank">
Juliet Bennett Rylah
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, and
<a style="color: #192733; text-decoration: underline !important;" target="_blank">
Rob Litterst
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Editing by: Mark “The Mayor of Zoomtown” Dent.
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2 years, 11 months ago - news@thehustle.co
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