Plus: Indie record shops ride a high, Google’s all disconnected, orange cats are out of control, and more.

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The Hustle

Oof: Meta CTO Andrew Bosworth, recounting his early days at the company, said he worked 120 hours a week and never slept more than four consecutive hours for two years. Yikes: A recent survey by Sifted found that 49% of startup founders are considering leaving their company this year. Action item: If you don’t have any planned days off ahead on your calendar, maybe make one?

In today’s email:

  • Neom: Another absurd addition to a $1T daydream.
  • Record shops: Vinyl has indie sellers adding locations.
  • Why, though?: A beauty mask to haunt your nightmares.
  • Around the web: A relaxing activity, orange cat behavior, Denny’s in Japan, and more.

👇 Listen: Building a giant adult theme park in the middle of the desert is harder than it seems (and it seems impossible).

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The Big Idea
A rendering of Neom’s Gidori golf community.

Is it a mirage or a golf club? A new utopian desert rendering just dropped

Neom is back at it with the futuristic architectural renderings.
2024-03-12T00:00:00Z
Sara Friedman

Remember Neom, the $1T utopia being built on 10.2k square miles of Saudi Arabian desert?

If not, here’s a refresher: It’s a special zone that will operate independently of Saudi Arabia’s government, with its own judicial system and taxes, that’s owned by the country’s public investment fund.

And it’s busy cooking up out-of-this-world projects, like Gidori, Neom’s newly announced “flagship golf community.”

Like Neom’s previous renderings, Gidori looks like it was torn from the set of Glass Onion or a billionaire’s wildest daydream.

The beachfront community will hold a hotel, apartments and villas, an 18-hole golf course, and entertainment options like restaurants, spas, and hiking trails.

It will be part of the Gulf of Aqaba region, which hosts nine other development projects and joins Neom’s four yet-to-be-realized regions:

  • Trojena, the $500B ski resort set to host the 2029 Asian Winter Games.
  • Oxagon, the octagonal, floating structure that will be a “center for advanced and clean industries.”
  • Sindalah, an island in the Red Sea that will hold hotels and yacht marinas. It will be the first Neom project to open, allegedly, in 2024.

And, of course, there’s the buzziest region of them all: The Line. Neom says the ~105-mile-long smart city will one day house 9m people and be car-free.

Where there’s a $1T fever dream…

… there’s drama. A recent progress video for The Line states that “millions of cubic meters of earth and water are being moved per week.”

We’re no experts, but that doesn’t sound awesome for the environment. Others seem to agree — experts say The Line could even pose a risk to migratory bird species.

And birds might not be the only ones in trouble: Saudi Arabia’s cash levels have fallen by about three quarters to ~$15B, the lowest level since 2020, as spending on giga-projects continues to escalate.

One expert predicts that completing the projects may require the government to pour an additional $270B into the country’s wealth fund by 2030. Oof.

If these renderings ever materialize, would you check into a hotel room at Neom? Scroll to the bottom and let us know.

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Free Resource

Meet your new co-worker. It’s a bot. (Sorry)

You might be thinking cyborgs as international spies, or androids in plainclothes disguises… Unfortunately, no.

Actually, those count, too. ChatGPT defines “AI agent” as an entity that uses AI to act autonomously. Such as:

  • Self-driving vehicles
  • Burrito-making machines
  • Virtual assistants like Siri
  • NPCs in video games
  • Customer service chatbots
  • Every single custom GPT

It’s a catchall term for the wide range of AI apps that are showing up in mobs, and solving all of our problems. We thought it best you get acquainted.

Learn about the future of work, the impact of rational robots, and the handheld AI sidekick that’s shipping out later this month.

Marketing Against the Grain →
TRENDING
eyeball wearing a hat

Google’s self-designed campus, Bay View, is a sustainable beauty — and a WiFi disaster. Its unique roofline makes it so hard to get a consistent connection inside that employees are using Ethernet cables and phone hot spots, or just setting up shop outside. The company says it’s working on a fix.

SNIPPETS

Royals, they’re just like us… in that Kate Middleton, Princess of Wales, is getting roasted for a poorly Photoshopped pic of her family. Middleton has been absent from public view since undergoing surgery in January.

Reddit plans to raise up to $748m through its forthcoming IPO, with ~22m shares priced between $31 and $34 each.

Airbnb is banning indoor surveillance cameras to protect the privacy of guests starting April 30. Outdoor cameras must be disclosed and cannot point at amenities such as saunas.

Uber launched an Emissions Savings tool in 15+ cities that’ll let riders track the carbon emissions saved by their booking. It’s part of the company’s goal to be a zero-emissions platform in the US, Canada, and European cities by 2030.

Japan is not in a recession, technically speaking anyway. The nation’s GDP increased 0.4% over the last quarter of 2023, averting a recession by definition (i.e., the economy shrinking for two straight quarters).

The Body Shop — which sold to asset management firm Aurelius for ~$266m last year — shuttered all US stores and will be closing dozens more in Canada as it proceeds with a bankruptcy filing.

Streaming may rule the entertainment world, but it didn’t play out that way on the Oscars stage. Streamers’ nominations yielded very little: Netflix went 1 for 19, and Apple went 0 for 13.

WWE is featuring a brand logo on its wrestling mat for the first time. An image of Logan Paul’s Prime Hydration sports drink will be front and center during events as part of its “record-setting” two-year deal with Paul.

Don't miss this...

Video messages are one of the most underrated resources salespeople have at their disposal. See how to best leverage it to sell as effectively as possible.

Data Point
number of Indie record shop locations over time in the UK

Setting new records: The number of independent record shops in the UK hit a 10-year high, according to new data from the Digital Entertainment and Retail Association. There were 461 indie shops in 2023, up from 339 in 2014. Meanwhile, the number of brick-and-mortar music stores in the UK has declined from ~10.4k to ~2.5k over that same time period.

What’s all that mean? That indie record shops are eating up a bigger share of the dwindling physical music market that now accounts for just 8% of overall music sales. Indie record stores represent 23% of physical music stores, up from 3% in 2014.

The biggest factor driving the trend? The vinyl record boom. Listeners are embracing the vintage music trend and spending on it, too: UK vinyl sales topped $227.7m in 2023, a ~7x increase from 2014.

Fit The Bill

There are thousands of companies valued at $1B+. How many clues do you need to identify today’s billion-dollar brand?

Clue 1: When you Google this company, the results show an epic SEO showdown between the massive European company that serves ~300m customers and a fruit.

Clue 2: Its work culture grew so toxic that its former CEO was sentenced to a year in prison for “moral harassment” by a Paris court, which found the company responsible for 18+ employee suicides between 2008 and 2010.

Clue 3: A few years after the spate of suicides, this French telecom giant rebranded to its current name, which is way less on-the-nose than its old one: France Telecom.

👇 Scroll to the bottom for the answer 👇

Failure to launch
Screenshots of an infomercial featuring a woman wearing a white plastic face mask against a pink background.

Why, though? A creepy mask with no FDA clearance

A creepy face mask appeared in a 1999 infomercial, promising youth and beauty — but the FDA wasn’t so sure.
2024-03-12T00:00:00Z
Juliet Bennett Rylah

They say beauty is pain. And in the case of Rejuvenique, that meant electrocuting your face while looking like you were about to participate in The Purge.

In a 1999 infomercial featuring “Dynasty” star Linda Evans, Rejuvenique creator George E. Springer promises that the odd white mask — priced at $180, or ~$338 today — can do for the face what exercise does for the body, toning the muscles for a more youthful appearance.

However…

… the product was never FDA-approved, with a spokesperson saying there was “no assurance” that the device was effective or safe. Plus:

  • The Tampa Bay Times found no proof that Springer was a licensed medical professional in Florida, where he lived at the time, despite often being quoted as a doctor.
  • Experts pointed out that stimulating your facial muscles would lead to more lines and wrinkles.
  • Some reviewers found it painful, akin to being bitten by a horde of ants.

By 2001, the product had disappeared from the airwaves, though you can find it on eBay — and Linda Evans was apparently still using it as recently as 2019.

You can also find…

… a new host of light therapy masks for sale that have all the same creepy vibes, plus a spooky red light for ambiance.

Do they work? While red light therapy may improve some skin conditions, most at-home devices aren’t powerful enough to produce significant results.

If there’s one thing we’ve learned, it’s that people will try anything to remain young and beautiful — even if it makes them look like the killer in a giallo film.

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AROUND THE WEB

🥤 On this day: In 1894, Coca-Cola was first sold in glass bottles. Before, customers had to buy it as a fountain soda.

🍲 That’s interesting: Denny’s in Japan is way different than it is in the US.

💼 Be a better manager: Brush up on your people-pushing skills — and make damn sure you’re killing it.

🫵 Chill out: and pop some bubbles.

🐱 Aww: Why are orange cats so weird?

HOT TAKES

Today, we covered Neom’s wild plans for the Saudi Arabia of the future.

But we want to hear from you: Would you book a stay if these renderings became reality?

Cast your vote

And come back tomorrow to see the results.

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Today’s Fit the Bill answer is Orange (Market cap: $30.80B)

Today's email was brought to you by Juliet Bennett Rylah and Sara Friedman.
Editing by: Ben “Future mayor of Neom” Berkley.

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