Here’s what we saw on social media over the last 12 months, broken down into some year-end award categories:
Elon Musk, the world's richest person, has been one of social media's—er, most prominent voices in 2021. One site, BitClout, has capitalized by allowing users to post and trade Musk-branded meme coins, even though he is not a registered user there.e are out to achieve a mission,” says 30-year-old cryptocurrency entrepreneur Nader Al-Naji, holding court over plates of rare steak at a private room in Quality Meats, one of those Midtown Manhattan temples of red-meat excess.
Versions of this scene, in which internet money and internet media collide, played out with increasing frequency in 2021. The two have long intersected, dating back to the era of dot-com stocks and Yahoo! message boards. But their convergence was especially dramatic in the last year. Fueled by social media, tens of billions of dollars have rushed into crypto—and toward what we now today call meme stocks, equities traded largely on internet-driven sentiment by small investors.
Jack Dorsey forced Twitter to pick up the pace of its product innovation and has left the challenge of continuing that to new CEO Parag Agrawal.Twitter spent much of the past decade in a state resembling suspended animation, a time when increasing a tweet’s length to 280 characters counted as major innovation for the “microblogging” site. The place seemed a lot less sleepy in 2021 as the company rolled out new features .
Constitution DAO made something else clear, too: Web3 will be messy. The group irked some donors when refunding the money after the failed auction acquisition. Many small contributors watched their sums get eaten up in transaction fees involved with swapping dollars and cryptocurrency. More recently, hackersAll hail Patreon, which figured out the “creator economy” long before it cringily ascended to buzzphrase status.
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This mom quit her job to focus on crypto full time and build 'generational wealth.' Now she makes around $80,000 per monthThis mom quit her job to focus on crypto full time and build 'generational wealth.' Now she makes around $80,000 per month. (via CNBCMakeIt)
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Israeli archaeologists find treasures in ancient shipwrecksThe Israel Antiquities Authority says it's discovered remnants of two shipwrecks off the Mediterranean coast, replete with a sunken trove of hundreds of silver and bronze coins and Roman and medieval artifacts
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I’ll Believe We’re Getting a White House Cat When I See ItThe White House says the Bidens are finally getting a cat, but realNYMarg writes that she won't believe it's really happening until there are claw marks on the Oval Office curtains
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President Biden to ABC's David Muir on at-home COVID testing: 'Nothing's been good enough'
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SEC rejects Apple's argument that it doesn't try to silence workers after former employee disputed itIt's notable that the proposal could be voted on by Apple shareholders because a former employee told the SEC that Apple lied about not using such clauses.
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