News Story of the Day: Uber is set to file its initial public offering (IPO). It will likely trump Lyft’s, but it will inevitably suffer the same fate. Why? Its numbers are dreadful, and it will unlikely be in the black anytime soon. Just look at this figure: Uber’s loss from operations totals $12.1 billion in the past five years. Uber may get off to a hot start, but it will fade away like so many other IPOs as of late.
Chart of the Day: Who says investors should stay away from China and pour their money into U.S. equities? This chart shows that Chinese stocks have outperformed the S&P 500 since January 2017.
Illustration of the Day: The mainstream media is trying to come up with a new code for Julian Assange and his arrest. Rather than use the term hero to describe Assange, the press may use russian_agent.exe instead.
Quote of the Day: Nick Gillespie of Reason is out with a new column thanking Assange and WikiLeaks for exposing the U.S. government. Here is a tremendous excerpt (emphasis ours):
A lot of people are dunking on WikiLeaks founder Julian Assange now that he’s been arrested by British law enforcement and will likely face extradition hearings to the United States on charges that he conspired with Chelsea Manning to “commit computer intrusion” on a U.S. government machine. Assuming the British authorities do go forward with extradition, it will almost certainly be years before the matter is settled (and there’s a strong argument that Assange might walk in British courts). In the meantime, Assange has effectively traded exile in Ecuador’s embassy in London for a jail cell in the same city. As Robby Soave notes, prosecuting Assange for publishing leaked documents—something that media outlets do on a regular basis—would be very bad for press freedom.
Regardless of how you feel about Assange as a person, there’s no question that WikiLeaks, founded in 2006, has been central to starting a salutary era of forced transparency, a time when state and corporate actors have much more trouble keeping secrets. Forced transparency is bigger than WikiLeaks, of course. It’s one of the defining dynamics of our time, riding the same technological wave that gave us Napster and other innovations that disperse power and information in all sorts of unauthorized ways. But let’s give credit and praise where it’s due. The world is better for the fact that it’s harder than ever for governments to keep their own secrets.
Tweet of the Day: Did you know giving the thumbs up is racist now? Yep, the thumbs up is a symbol of hate, so if a leftist uses the thumbs up, shout them down and ridicule them! Stop preaching hate!
Frens you need to be aware of this new symbol of hate! Please spread the word in any way you can! pic.twitter.com/x6TSKDFObU
— Pagan Returns (@Honking_Pagan) April 11, 2019
Video of the Day: To no one’s surprise, Hillary Clinton is pleased that Julian Assange has been arrested because he dared commit treason in the empire of lies, to quote Ron Paul. She even made some stupid joke and laughed. Here is the clip:
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