In today’s newsletter we discuss GameStop’s new CEO, Bumble does AI, Sierra Space raises $290M, Patrick Mahomes approves of Swift/Kelce dating, and you can buy a NYC houseboat for just $225K!

Business

With the new movie Dumb Money in theaters now, it’s not a surprise GameStop is back in the news, and this company doesn’t do anything small! About three months ago GameStop fired their CEO Matthew Furlong abruptly. It was just announced today that Ryan Cohen has been appointed the company’s CEO, President, and Chairman (and probably the company’s #1 hypeman, janitor, and receptionist while he’s at it). In even better news he won’t receive compensation for his work. Ryan Cohen, who’s already a Billionaire activist investor can afford to take on the job with no salary. That said, he already has a 10% stake in GameStop, so you know what better person to head up the company than an investor?!?!. He originally made his Billions as the founder of Chewy, you know the online dog food and pet supply company.

Ryan Cohen has a nice nickname, being called the “King” of meme stocks stemming from his purchase of GameStop stock in 2020. He recently bought into failing Bed Bath & Beyond accumulating a 10% stake, which the SEC is now investigating his trades in the stock. Hold onto your crown Mr. Cohen because I think things are about to get real busy in your new role as CEO of GameStop.

https://www.cnbc.com/2023/09/28/gamestop-names-ryan-cohen-as-ceo-effective-immediately.html 

Tech

Luckily I’m married, because there’s no way I want to wade back into the dating pool especially now that companies like Bumble are promising AI will “supercharge love and relationships”. That’s exactly what Bumble CEO Whitney Wolfe Herd shared at the Code Conference this week.

Luckily Buble isn’t going to dabble with AI to make virtual boyfriends and girlfriends, but they are using AI in their matching algorithms to create better suggestions and pairings.

I’ll keep my lovelife AI free, thank you!

Bumble CEO Whitney Wolfe Herd shares how AI will ‘supercharge’ love and relationships

Space

You know that super cool looking mini Space Shuttle that NASA designed years ago called Dream Chaser, but never built? Well a company called Sierra Space licensed it from NASA, and they’ve built the first prototype of Dream Chaser that they hope to launch in 2024. The company just raised $290M at a $5.3B valuation, so things are getting serious. To date they’ve raised $1.7 Billion, and they’ve been putting that money to work as they partner with Jeff Bezo’s space company Blue Origin to work on the “Orbital Reef” project for NASA. Told you they were busy!

Sierra Space raises $290M at a $5.3B valuation

Entertainment-meets-Sports

I love it when two of my favorite topics come together in one heartfelt story. As we all know (unless you’ve been living under a rock) Taylor Swift was spotted at the Kansas City Chiefs game in the VIP suite with Travis Kelce’s family amidst rumors the two are dating. Patrick Mahomes confirms that he actually met Taylor Swift at the Chiefs after-party that Kelce three in a nearby restaurant, and that he thought Taylor Swift was “really cool. So there you have it - Patrick Mahomes has given his blessing for Taylor Swift to date Travis Kelce. I guess we don’t need Page 6 to confirm anything else.

Patrick Mahomes confirms he met Taylor Swift at Chiefs after-party: 'She's really cool'

Real Estate

Real estate prices in NYC are beyond crazy, boy do I have a deal for you. How about your very own houseboat for just $225K? You can’t even get a studio in a far flung borough for that price! There’s just such a houseboat for sale in Rockaway Beach, and it’s beyond adorable. Want to hear even better news? You can have it towed anywhere you want since it’s still technically a boat. How cool is that!?!

Rockaway Beach houseboat hits market for $225K

So much news, so little time. Until tomorrow we’re signing out.

— Chris