The weekend is right here! Pour your self a mug of espresso, seize a seat outdoors, and prepare for our longer-form weekend reads:
• Breaking Down OnlyFans’ Gorgeous Economics: In 2024, OnlyFans generated $6.3 billion in gross revenues, up from $300 million 5 years earlier. Although OnlyFans relies round subscriptions, over 60% over shopper spending is now by way of transactions (and in contrast to say, Sweet Crush, these usually are not micro transactions however as a substitute add-on purchases that may price dozens of {dollars} or extra). OnlyFans revenues at the moment are believed to be twice that of pornography large Aylo (previously referred to as MindGeek), which owns PornHub, Brazzers, RedTube, YouPorn, and XTube, and the platform counts over 300MM registered customers (not all of whom pay or are lively, however no such disclosures have been made). Two thirds of revenues are from customers in america. (Matthew Ball)
• How Fox Threw a Tom Brady Hail Mary and Received: It started with a hopeful textual content message and a clandestine lodge room assembly. That is the story of how Fox consulted its playbook and received the most important prize within the Nice Announcer Swap. (The Ringer)
• The ETF Market: A Zine. I’ve grown weary of AI-generated hyper-smooth photos and soulless excellent AI grammar. So I finished doing that and now all I’m doing when somebody asks for a “deck” or a “presentation” or a “standup” is making Zines. (I did a presentation for Kitces. Right here’s the upshot). (Echo Seaside)
• How pour-over espresso bought good: Pour-over espresso has lengthy been fashionable with espresso fans, but it surely annoyed espresso retailers as a result of it takes so lengthy to make. That’s altering. (Works in Progress)
• Is There a Future for Collectible Automobiles? Sure, and it would simply be the Tesla Cybertruck. As an honorary choose on the world’s premier automotive present, Dan Neil considers how the idea of the ‘basic’ car would possibly look to future generations. (Wall Avenue Journal)
• Europe jumps on the practice: An increasing number of individuals are utilizing this type of journey to get across the continent, utilizing high-speed routes and a community of night time trains that continues to increase. We traveled from Madrid to Prague and witnessed how the way forward for European transportation is clear and quick. (El Pais)
• 50 Years Later: Remembering How the Future Seemed in 1974: A half-century in the past, “Saturday Evaluation” requested a number of the period’s visionaries for his or her predictions of what 2024 would appear to be. Listed here are their hits and misses. (The New Stack)
• Docs and Well being Consultants Are Altering Their Minds About Complete Milk and Cheese: Consuming full-fat milk merchandise might assist stave off ailments seniors are extra vulnerable to, together with coronary heart illness, stroke, and diabetes. (Barron’s)
• Diminishing Darkish Power Could Evade the ‘Swampland’ of Unimaginable Universes: The most important-ever 3D map of the cosmos hints that the darkish vitality that’s fueling the universe’s growth could also be weakening. One group of theoretical physicists anticipated as a lot. . (Quanta Journal)
• Within the Shack With Robert Caro: The Energy Dealer is popping 50. The ultimate LBJ e book is nearly — effectively, he received’t say. However he’s attempting for 900 phrases a day. (Curbed)
Remember to take a look at our Masters in Enterprise this week with David M. Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group. The agency manages over $430 billion. His new e book “The Highest Calling: Conversations on the American Presidency” is out this week.
Financial coverage convergence accelerates
Supply: BofA International Analysis
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