Monday, May 6

5 things you missed today

Author

Max
May 06, 2024

Good Evening,

Here are the 5 things you missed today:

1.  ✌🏻 Jack Dorsey Left Bluesky Board

Bluesky has lost its most prominent board member with the departure of Jack Dorsey, Former CEO of Twitter. The news was appropriately debuted by Dorsey on X in response to a user comment, then announced by Bluesky.

💫 Behind every great brand…

... is an agency partner who came up with an impactful marketing strategy to grow it! Like Nike, who worked with Wieden+Kennedy on their infamous 1988 campaign, "Just Do It," or Apple, who worked with Chiat/Day on their "1984" commercial that shocked the world.

Be like Nike, Apple, & many other brands here:

2.  👷 Microsoft’s Building New Large AI Model

Microsoft’s consumer AI group has started training a new large language model with the codename MAI-1 with roughly 500 billion parameters. If true, the model could compete with Google, Anthropic, and OpenAI.

3. ✍️ DocuSign Acquired AI-Powered Lexion

DocuSign is buying Lexion, an AI-powered contract workflow automation startup, for $165 million. The news comes as DocuSign, valued at around $12.5 billion, is in the process of being sold to a private equity firm.

🛠 Things To Check Out

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4.  🤑 T-Mobile Bought Mint Mobile

T-Mobile finalized a deal last week to acquire Mint Mobile for $1.35 billion, after clearing regulatory approval. The deal consisted of 39% cash and 61% stock, and allows customers to keep Mint’s famous $15/mo deal.

5. 😬 Low-Income Consumers Are Cautious

Citigroup CEO Jane Fraser shared that consumer behavior has been impacted by inflation and moved to a “K-shaped consumer” model where the affluent continue to spend while lower-income Americans have become more cautious with their consumption.

Bonus. CEO Tip Of The Day

The cure to founder burnout? Embrace the medium-stakes game. Don’t go all in on trying to get a big, high-stakes win or cheat yourself out with low stakes.

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