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🛒  Facebook is the new eBay

The article discusses the popularity of Facebook Marketplace among young shoppers, despite the decline in overall teen usership of Facebook. Marketplace has over 1 billion monthly active users and is the second most popular site for secondhand shopping in the US. Gen Z shoppers are drawn to Marketplace for its familiar and trusted social platform, as well as its cost-effectiveness and sustainability. Additionally, Facebook is the top choice for social media shoppers, with over 51% of all social media shoppers making their most recent purchase on Marketplace. The article highlights the potential for cost reduction in the real estate market as the National Association of Realtors settles an antitrust suit and eliminates its agents' standard 6% commissions. Other interesting news includes the departure of Hertz CEO Stephen Scherr, the introduction of games on LinkedIn, restrictions on NSFW content on Gumroad, and the expansion of legal sports betting during March Madness.

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How America’s affordable house of the future failed

The all-steel Lustron was a failed housing experiment from the mid-20th century that aimed to provide affordable homes for middle-class Americans. Despite its promising features and government support, only around 2,500 Lustrons were ever built. The company faced challenges in production and distribution, as well as resistance from cities that didn't update building codes to allow for steel housing. The Lustron Corporation ultimately lost government support and went bankrupt. While modular housing like the Lustron could be a solution to America's current housing affordability crisis, it still faces obstacles such as inconsistent zoning policies and building codes. However, the durability of Lustrons is evident as many of the original homes are still standing today.

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📱 How profitable are subscription apps?

The median monthly revenue for subscription apps at least one year old is less than $50, according to a report. Only 17.2% of apps exceed $1k in monthly revenue, and just 3.5% hit $10k/month. However, the industry is still growing, and there are other ways for apps to make money, such as in-app ads or affiliate marketing. In other news, the UK Antarctic Heritage Trust is hiring seasonal workers to run its "penguin post office" in Antarctica, and an Australian billionaire has announced plans to build Titanic II.

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🤑 Hustlers need to chill

A company called Mixbook published a blog post listing each US state's favorite pie, including a made-up pie called "Cactus Pie." There is a social media trend called the "Young Indian Method" which suggests exploiting workers in countries with lower wages to make money. European lawmakers have passed AI regulations that include bans on certain uses of the technology. Streaming services have become more difficult to navigate and expensive. Gum sales in the US have declined.

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Time to meet the parent 🤝

The newsletter provides curated content for founders and investors, and is powered by HubSpot. It includes free resources such as templates and trend reports, as well as prepping for interviews and project management. The newsletter also offers networking tips and can be customized based on preferences.

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