WATCHING TODAY:
1. Can Bitcoin be a national currency? El Salvador is trying to find out. WSJ reports the country made bitcoin legal tender last September and now is aiming to raise $1 billion to fund expansive economic policies by cashing in on the crypto craze. But the IMF warns bitcoin is too risky, and Salvadorans are mostly sticking to dollars.
2. Out with the Facebookers. In with the Metamates. NYT reports now that Facebook has renamed itself Meta, that’s what employees will be known as, the company said.
3. Meta CEO Zuckerberg promotes Nick Clegg to lead on policy issues: Reuters reports Meta Platforms Inc. CEO Mark Zuckerberg said in a Facebook post on Wednesday that he had promoted policy chief Nick Clegg into a larger role to lead on all policy matters, signaling less involvement from Zuckerberg in the area.
4. John Podhoretz: PJ O’Rourke was America’s greatest satirist and coolest conservative
5. Five Latino TikTokers traded 9-to-5s for a Hollywood Hills house. This is how they live: LAT reports in only a few years, the five young Latinos in the Familia Fuego TikTok collective have gone from working day jobs to mixing with Hollywood’s elite.
