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Elizabeth Lopatto

Elizabeth Lopatto

Senior Reporter

Elizabeth Lopatto is a senior writer at The Verge, where she covers how the internet is changing how we think about money: cryptocurrency, business, fintech and Elon Musk for some reason.

She joined the site in 2014, as science editor, then deputy editor running science, transportation and social media, before she got tired of being an authority figure and went back to blogging.

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Swiss company Vestergaard changed the coating on its malaria bed nets — and now malaria cases are soaring.

The new coating was cheaper, and much less effective. Did Vestergaard disclose the change to malaria control organizations, at least? No.

“This is a huge embarrassment,” [Tim] Freeman said. [He is a program manager for an organization attempting to eliminate malaria.] “They’ve been distributing, for 10 years, lower quality nets than in the past. No one wants to admit that.”


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A nation of lurkers.

I’ve mused before on the correct number of posters and influencers vs lurkers required on text-based social networks — but refrained from commentary on video. (I don’t watch much.) Anyway this survey data suggests my theory applies there too: most people don’t post. That means posters are weird outliers who should be studied in a lab.

About half of TikTok’s users have never uploaded a video; a normal user hasn’t so much as updated their bio. Why, then, is TikTok successful? Posters.


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Substack says it has a million more paid subscribers than last year.

There are now more than 3 million paid subscribers on Substack. It’s a bright spot for the company, which has lately been in the news for a Nazi problem — leading several big-name newsletters to decamp, including my former colleague Casey Newton’s Platformer.

The Axios story says nothing about Substack’s biggest problem: keeping its costs under control. (That’s kind of a pattern!)


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Staying on Ozempic for weight loss in the long-term is expensive. Now what?

One reason GLP-1 drugs are tough for patients to take long-term is the cost... even without a telehealth subscription (expensive in its own right), the drugs are pricey. Doctors tell The Wall Street Journal that insurers are approving fewer patients’ prescriptions. And it’s not yet clear how to get off Ozempic and its ilk without regaining weight.


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Do Kwon, the Terra / Luna creator, is coming to a U.S. courtroom to face fraud charges

He might even arrive in time for the SEC’s fraud lawsuit, which is scheduled to begin jury selection in March. He’s also facing eight criminal counts.


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Three Arrows Capital cofounder on jail: “I think it’s definitely good for you.”

That’s Su Zhu; Kyle Davies is still on the lam. But their woes may not yet be over:

Among the most incriminating evidence brought forward against Zhu and Davies is a document they sent to at least one creditor as crypto markets were collapsing in May 2022, claiming 3AC had nearly $2.4 billion under management. Both lenders and people close to the liquidators now believe this number was false, grossly overstating the fund’s assets. “We firmly believe they committed fraud.”

?


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Matt Levine has some thoughts about Reddit offering its stock to Redditors.

There are rumors the Reddit IPO is happening soon. Some of the most active Redditors may get the opportunity to buy in at the IPO price. Is a new meme stock in the making? Maybe!

In the 2020s, some companies are owned in large part by retail investors, and some of those investors are more interested in being part of an online community of investors, and trading jokes and memes, than they are in financial analysis. And you can make those investors happy in less traditional ways, like by giving them popcorn or buying a gold mine or doing a YouTube interview with no pants on.


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Who is Madame Web? “Mostly, she is a normal woman who hits people with her car.?“

Here’s JP Brammer on Madame Web’s appeal:

Madame Web is about PepsiCo Inc. There are multiple instances of unabashed product placement for Pepsi. Madame Web is not shy about reminding the audience about the crisp, refreshing taste of Pepsi.?

It’s also about carjacking. The cars she hits people with do not belong to her.

I cannot emphasize enough how trash this movie is. As someone whose last movie before the pandemic was Cats, I urge you to check it out.


Madame WebMD

[holapapi.substack.com]

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“Human leg found abandoned on a New York subway track.”

We don’t know whether the leg came from a man or woman, nor do we know how old the leg is. We do know, however, that “a human leg has been found abandoned on a New York subway track, police said, sparking an investigation into who it once belonged to and how they lost it.”

“Human leg found abandoned.” “Human leg found abandoned.” “Human leg found abandoned.” “Human leg found abandoned on a New York subway track.”


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