The big story this week was Facebook's launch of "cryptocurrency" Libra.

The link above from Techcrunch is the most comprehensive explainer.

Wired has put out a briefer note here.

🤯And here's a perceptive view about how calling it a "cryptocurrency" is a brilliant marketing strategy for Facebook at large.

Aside from the "is it really crypto/de-centralised?" debate, I think the simple scale of Facebook (incl. Instagram & WhatsApp) give it massive network effects for them to make consumer adoption work.

🤓My sense is this will be a bigger deal in markets like India than the US/Europe.

Elsewhere: (Tweetstorm) How will Libra work in India?

👇The middle classes are coddling their children well into adulthood and trying to set them up for life.

Even the Chowkidars who have scorn for Gandhi raise their own children to be him. On this aspect of parenting, there is no polarization.

🤫Everyone admires Narendra Modi; everyone is raising Rahul Gandhis at home.

🧐We’ve all experienced situations where we get two accounts of the same event, but the versions are dramatically different because they’re informed by different facts and perspectives.

This is known as Rashomon Effect: how incompleteness is a tool for bias.

"“I do have a Ph.D. I’ve been poor, hungry and determined.”"

Richard Montañez went from cleaning toilets to being one of the most respected execs in the food industry.

🤨 (Not by sharing.)

Any coverage of WeWork these days is fascinating – this one reads like an expose into the cult.

In a strangely unremarked-upon twist, Disney films have taken to subverting romance and rethinking the happy-ever-afters

Love in the West is consumerist – we choose a partner to give us what we think we need. But Russians do things differently…