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Happy Friday, Future Party. If you’re feeling charitable, have you considered giving the federal government a little cash to help pay down its debt? Probably not — but since 1996, the Treasury Department has offered a program called “Gifts to Reduce the Public Debt.” Amazingly, Americans have donated $67.3 million over the past 30 years… which barely makes a dent in the $36.7 trillion the US owes. But hey, good news: the department now accepts Venmo.
DAILY TOP TRENDS
YouTube – Train Dreams
X
(Twitter)– Fantastic FourGoogle – Hulk Hogan
Reddit – E! News
Letterboxd – Sinners
Spotify – “In The Middle”
Silicon Valley Wants To Institute A 72-Hour Workweek
The tech industry is starting to embrace a work schedule called “996” — 9 AM to 9 PM, six days a week.
Why It Clocks: The 72-hour workweek has long been a controversial staple of China (although activists are trying to change that), and it seems the American tech industry views that intense work culture as a key reason behind the country’s massive gains, especially in AI. Now, Silicon Valley is looking to compete on that front, too.
Behind the Schedule: Some startups are throwing out any notion of work-life balance.
Increasingly, companies — especially those in the AI industry — are readily adopting the 72-hour work schedule and the “996” nickname.
Some startups are even making it a prerequisite to screen prospective employees.
One AI startup, Rilla, reports that almost all of its 80 employees are on that schedule. The company provides breakfast, lunch, and dinner to its employees in the office.
Meanwhile, telehealth company Fella & Delilah offered a 25% pay bump and a 100% increase in equity to employees who elected to go on a 996 schedule. Only 10% signed up.
The Future: The last couple of years have been rough on workers, as a contracting economy, mass layoffs, and expectations of an “extremely hardcore” work culture take hold in tech, finance, and many other competitive industries. As the post-COVID push against burnout fades and workplace pressures ramp back up, the standard 40-hour workweek may soon be considered a perk at some companies.
Prediction: To really stay ahead, it’s possible that some companies will just adopt a rotating shift of employees, allowing them to operate 24/7.
Together with Homage
Throwback NFL Gear, Dad-Approved
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These threads are for diehards who know football isn’t a “vibe” — it’s a friggin’ lifestyle, Doug. So, skip the flashy jersey on Sunday and reach for something historic.
Be the hero of the tailgate: Score 15% off your FIRST ORDER with code AFF15!
Neon Coat Wants To Help You Get Free Stuff… If You’re Hot Or Viral
An app called Neon Coat has become a key platform for models, influencers, and content creators to get free food, services, and experiences in exchange for sharing a pic or video with their followers.
The Big Picture: Brands are always looking for ways to break through the noise — so by introducing a bartering system with the people who wield influence, they may be hoping that not-so-organic virality can recoup the cost of giving away their products or services for free.
Behind The App: Every brand has an influencer budget these days, so Neon Coat is seemingly just eliminating the middleman.
Neon Coat operates in New York, Los Angeles, Miami, and London and has been used by over 12,500 models, influencers, and creators — generating over 350,000 posts for participating brands.
Brands and businesses pay a monthly subscription (typically under $1,000/month) to join the program in exchange for a guaranteed amount of social media traffic from people using the app. Neon Coat says over 1,500 have onboarded.
Those brands can offer a set amount of specific items, services, or experiences (such as full meals, haircuts, or even axe throwing) for free or at a discount.
Of course, talent needs to hit certain benchmarks to access the app: models require at least 1,000 followers on IG and a portfolio of work, while influencers and creators need 5,000 followers on either IG or TikTok. All are required to have high engagement.
Final Reservation: According to The WSJ, former model Larissa Drekonja came up with the idea for Neon Coat after moving to NYC from Slovenia to sign with a modeling agency and realizing she really couldn’t afford to be there. The agency gave her a $300 weekly stipend, and she had to constantly rely on her agents and promoters to get free stuff. She figured she could be more entrepreneurial about getting that free stuff and help other young, struggling models do the same.
So, in 2017, Drekonja and co-founders Dan Berger and Noah Siegel launched the platform.
Picture This: As Neon Coat reintroduces a bartering economy in the US, some companies could decide to offer similar perks to marketers, videographers, and even construction workers in exchange for their services.
Together with Money
Vet Bills Won’t Break The Bank If You Have The Right Insurance
Surprise vet bills can certainly bite.
But fear not! Pet insurance can be your lifeline.
Some plans cover major surgeries, which can cost up to $7,000, so you can afford the best care for your pet.
Check out our top-rated pet insurance providers, with some plans offering:
Coverage for just $1 a day
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With the right coverage, you could keep your pet (and your wallet) happy.
DEEP DIVES
Read: THR talks with director Tim Burton and star Jenna Ortega about the upcoming season of the hit Netflix series Wednesday.
Listen: Decoder sits down with Gaurav Misra, the CEO of deepfake-creation firm Captions, about the dangers of deepfakes.
Watch: The WSJ explores the engineering behind launching fireworks off drones… which, yes, is as wild as it sounds.
88.4% of you voted Yes in yesterday’s poll: Do you listen to rock music?
“All the time. Classic rock never gets old.”
“I wish 90s alternative music would make a comeback, also.”
“Nothing better than a guitar riff or drum solo! 🎶🎵”
“The first record I purchased was Toys in the Attic at a Korvette’s after seeing a band at a campground in VA play a cover of ‘Walk this Way.’ I also saw Ozzy on his first solo tour in August of ‘81. First show I saw was Blue Oyster Cult, the year before they had The Jam (!) warming up for them.”
“Just saw Creed (awesome live), Daughtry (eh), and Mammoth (eh) in concert.”
Let’s keep the conversation going. Join our Poll Of The Day newsletter, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.
QUICK HITS
→ Entertainment / Media
🎬 The FCC has finally approved the $8 billion merger between Skydance and Paramount Global.
🎤 Former Spotify exec Jeremy Erlich is launching a record label and management firm called Alta Music Group, with Jennie as its first client.
🎮 Sony is acquiring a 2.5% stake in Pac-Man owner Bandai Namco for $464 million, as the two companies link up to create more global-facing Japanese content.
→ Technology
🤖 OpenAI is set to launch its newest model, GPT-5, sometime next month.
🛒 Walmart has tapped Instacart’s chief product officer, Daniel Danker, as its head of AI.
🚗 Lyft will start allowing riders to save their favorite drivers, so they can ride with them again when available.
→ Fashion / E-commerce
📈 Opendoor, Krispy Kreme, Kohl’s, and GoPro are the latest meme stocks… and traditional investors are paying attention this time.
🛍️ Walmart turned out to be the biggest winner of Amazon extending its Prime Day deals, so customers could browse more.
💸 Crowdfunding platform Indiegogo is being acquired by board-game crowdfunding company Gamefound… but it’ll remain a separate site.
Let us know how we are doing...
PARTNERSHIPS | COMMUNITY | PODCAST | FRIENDS
Today’s email was written by David Vendrell.
Edited by Nick Comney. Copy edited by Kait Cunniff.
Published by Darline Salazar.