Taylor Swift & DOJ taking down Ticketmaster, Gold fever in Asia, Ripple in NY, Max Space’s inflatable habitats for space, and Matt Damon’s new West Hollywood condo - #32

In today’s edition we discuss Taylor Swift & DOJ taking down Ticketmaster, Gold fever in Asia, Ripple in NY, Max Space’s inflatable habitats for space, and Matt Damon’s new West Hollywood condo.

Founder/Content Creator:

Chris Thompson
https://www.linkedin.com/in/christopherjthompson/

irl Media NEWS brings you the business behind the news, with a healthy dose of sarcasm.

Looking for yet another way to stay on top of current events, while getting a fresh take on the business behind the news? Signup for the irl Media NEWS e-Newsletter where we discuss everything from Swiftonomics to Lionel Messi’s pink jersey: https://irlmedianews.beehiiv.com

X/Twitter: https://twitter.com/irlMediaNEWS
LinkedIn: https://www.linkedin.com/company/irl-media-news
Facebook: https://www.facebook.com/irlmedianews
Instagram: https://www.instagram.com/irlmedianews
Threads: https://www.threads.net/@irlmedianews
TikTok: https://www.tiktok.com/@irlmedianews
Mastodon: https://mastodon.social/@irlMediaNEWS
Post: https://post.news/@/irlMediaNEWS
Bluesky: https://bsky.app/profile/irlmedianews.bsky.social
e-Newsletter: https://irlmedianews.beehiiv.com
YouTube: https://www.youtube.com/@irlMediaNEWS
Podcast: https://irlmedianewspodcast.buzzsprout.com

irl Media NEWS is completely self funded & privately owned, so we are beholden to no one except our own morals and ethics. The opinions expressed in our videos are exactly that - our opinions, and should be regarded (or disregarded depending on your perspective) as those of a small independent media organization bringing you original content in the fo...

Transcript

Business

Gold fever is spreading to Asia.

South Korean convenience stores have taken a shiny leap into the world of precious metals, selling gold bars as casually as they do candy bars.

This new gold phenomenon, driven by the surging price of gold and worldwide economic uncertainties, has seen bite-sized gold bars flying off the shelves since their introduction in April 2024. These bars, weighing between 0.1 and 1.87 grams are being priced between $56 to $165, are available not just at the checkout but also from vending machines, adding a novel twist to gold shopping.

The initiative, spearheaded by South Korea's largest convenience store chain, CU, has found a particular fanbase among the younger crowd in their 20s and 30s. It appears that Gen Z and Millennials, often pegged as digital currency enthusiasts, are also hedging their bets with tangible assets, albeit in snackable sizes.

Other chains like GS25 have joined the bullion bonanza, reporting impressive sales numbers. This trend is part of a broader regional surge in gold demand, with many Asian countries, including China, seeing a spike in gold purchases as a hedge against inflation and currency depreciation.

We wrote about the surging popularity of Gold in comparison to cryptocurrencies like Bitcoin in our March 11, 2024 newsletter, then posted a YouTube video entitled “Bitcoin Who? Gold Is Still Trader’s Favorite Investment”. I’m guessing this won’t be the last time we write about gold as its price continues to rise, while global instability also increases.

Whether it’s a birthday gift, an investment, or just an impulse buy next to the instant noodles, South Koreans are proving that convenience and investment can indeed go hand in hand, one gold bar at a time.

Crypto

Ripple fans rejoice! Coinbase has enabled trading in XRP in New York once again!

The cryptocurrency world, or atleast crypto fans who live in New York including me, are buzzing with excitement as Ripple or XRP as it is known by, can now be traded on Coinbase. Coinbase, which is one of the most prominent cryptocurrency exchanges in the United States, has officially enabled trading of Ripple's XRP in New York after having suspended trading in January 2021.

Ripple's journey has been nothing short of extraordinary. Facing numerous challenges, including regulatory hurdles and legal battles, Ripple has consistently demonstrated its commitment to transforming the financial landscape. The decision by Coinbase to enable XRP trading in New York marks a significant victory, showcasing the growing acceptance and legitimacy of Ripple's vision.

New York is well known for its strict regulatory environment, and has always been a challenging market for cryptocurrencies. The fact that XRP has now been greenlit for trading is a clear indication of Ripple's compliance with regulatory standards and its dedication to ensuring a secure and transparent ecosystem.

Then we have Coinbase, which isn’t just any exchange; it is a cornerstone of the cryptocurrency industry. Being listed on Coinbase is often seen as a mark of credibility and trustworthiness. By enabling XRP trading in New York, Coinbase is sending a powerful message about Ripple's standing in the crypto community.

For XRP holders and enthusiasts, including me, this move opens up new avenues for trading and investment. It brings Ripple's revolutionary technology to the doorstep of one of the world's most influential financial hubs. This isn't just about increased trading volume; it's about cementing Ripple's place in the heart of the financial world.

When I read the news I had to give it a try. I logged into my Coinbase account, clicked My Assets, and there XRP was with a + sign that hadn’t been there in years. I clicked it, and the Coinbase app asked me how much USD I wanted to spend buying XRP. I won’t disclose how much I bought, or how much XRP I hold, and this is definitely not financial advice,
but it was affirmation for me that Coinbase had re-enabled trading in XRP once again.

Ripple's technology is what sets it apart from other cryptocurrencies IMO. Unlike many digital assets that are primarily speculative in nature, Ripple offers a practical solution for cross-border payments. Its XRP Ledger provides lightning-fast transactions, low fees, and unparalleled scalability. These features make XRP an ideal choice for financial institutions and payment providers looking to streamline international transactions.

The enablement of XRP trading in New York amplifies Ripple's potential to revolutionize the banking and finance sectors. It paves the way for greater adoption of Ripple's technology by financial institutions that operate in one of the most critical financial markets globally.

We recently wrote about how Ripple is launching their own stablecoin and made a video creatively entitled Ripple Is Launching Their Own Stablecoin. The introduction of Ripple's stablecoin could beef up its street cred in the crypto scene, but it also brings up some serious uncertainties. Think regulatory red tape and competition with the big dogs like Tether and Binance.

And the Ripple community has always been one of its greatest strengths. Enthusiasts and investors have stood by Ripple through thick and thin, driven by a shared belief in the transformative power of XRP. The Coinbase announcement has ignited a new wave of enthusiasm and optimism within the community. Social media platforms are abuzz with discussions, predictions, and celebrations of this significant achievement.

Looking ahead, the future seems incredibly bright for Ripple. The Coinbase listing in New York is likely to attract more institutional investors, further boosting XRP's market presence. As regulatory clarity continues to improve, Ripple is well-positioned to expand its reach and influence in the financial world.

There’s even been talk of XRP ETFs being approved now that Bitcoin and ETH have been approved. Add to that the expected IPO of the company behind XRP, Ripple, and some are speculating we could be in the beginning stages of a XRP bull market.

The enablement of XRP trading on Coinbase in New York is a monumental achievement for Ripple. It underscores Ripple's compliance with regulatory standards, the robustness of its technology, and the unwavering support of its community. This milestone is not just a win for Ripple but for the entire cryptocurrency ecosystem, signaling a step closer to the mainstream adoption of digital assets. Ripple (XRP) is not just a cryptocurrency; it's a movement reshaping the future of finance for businesses, investors, and lowly content creators like me. As always DYOR people.

Entertainment

Has Ticketmaster Grown Too Big For Its Own Good?

The U.S. Department of Justice (DOJ) and 30 state attorneys general have launched a major antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, accusing them of monopolistic practices that harm the live entertainment market. The lawsuit claims Live Nation-Ticketmaster's control over ticket sales, concert promotions, and venue management suppresses competition, inflates ticket prices, and limits consumer and artist choices. This legal action follows public outcry over ticketing issues, notably during the chaotic sale of Taylor Swift's concert tickets. The DOJ and states seek to dismantle Live Nation-Ticketmaster's monopoly to restore competitive market dynamics.

The lawsuit details how Live Nation-Ticketmaster's market dominance forces venues to use Ticketmaster for ticket sales under threat of losing access to top tours promoted by Live Nation. This stranglehold allegedly allows the company to charge excessive fees, which can constitute up to 27% of a ticket's face value. The plaintiffs argue that this behavior violates the Sherman Antitrust Act by restricting trade and maintaining an unfair monopoly. The case emphasizes broader concerns about consolidation in the live entertainment industry and aims to foster a fairer marketplace with more choices and better prices for consumers and performers alike.

This lawsuit represents a significant challenge to one of the most powerful entities in the entertainment industry, reflecting increasing scrutiny of monopolistic practices across various sectors in the U.S. If successful, the legal action could lead to a breakup of Live Nation and Ticketmaster, reshaping the landscape of live entertainment and ticket sales.

And who do we have to thank for the renewed attention to Ticketmaster’s fraudulent practices?

None other than Taylor Swift of course!

We all remember the chaos that ensued when tickets for Taylor Swift's "Eras Tour" first went on sale. The site crashed, leaving countless fans frustrated and empty-handed. And who do you think was the one selling all the tickets to Taylor Swift's "Eras Tour" concerts?

Ticketmaster, of course!

This fiasco was a tipping point that led to the U.S. Department of Justice (DOJ) filing a sweeping antitrust lawsuit against Ticketmaster and its parent company, Live Nation.

The DOJ has accused Live Nation of monopolizing the live events industry, which means they control a huge chunk of concert promotions and ticketing. This monopoly has made it harder and more expensive for us fans to get tickets. Live Nation's grip on the market has led to higher ticket prices, tons of extra fees, and a generally awful ticket-buying experience. They dominate about 60% of concert promotions and 80% of ticketing operations, which is just insane.

For Swifties around the world this lawsuit serves a beacon of hope. The DOJ aims to break up Live Nation and Ticketmaster to foster more competition, which should ideally bring down ticket prices and improve the overall experience. But it won't be quick. These kinds of lawsuits can drag on for years, so we might have to wait a bit before seeing any real changes.

Taylor Swift herself has voiced her frustration with Ticketmaster. After the "Eras Tour" ticket debacle, she expressed how it was "excruciating" for her to see her fans go through such a terrible experience. This lawsuit could finally address the issues we've all been complaining about for years.

So, while we might not see immediate relief, this lawsuit is a significant step towards a fairer, more fan-friendly ticketing system. Here's hoping for a future where getting tickets to see Taylor Swift live in concert isn't a nightmare!

Real Estate

Matt Damon Picks Up Condo In West Hollywood With Breathtaking Views

Matt Damon, the multi-talented actor, screenwriter, and producer, has once again made headlines with a savvy real estate move. He just splashed out a cool $8.5 million on a breathtaking condo in West Hollywood, and it’s nothing short of spectacular.

This new acquisition is a testament to Matt Damon’s discerning eye for luxury and comfort. Located in one of Los Angeles' most desirable neighborhoods, the condo is part of an exclusive, newly constructed complex that promises privacy, sophistication, and state-of-the-art amenities. The property, which seamlessly blends contemporary design with classic elegance, is an ideal retreat for he and his family.

The condo is nestled in a swanky part of Los Angeles, ensuring both convenience and seclusion. The 4,300 square-foot residence boasts 4 bedrooms and 4.5 bathrooms, providing ample space for Matt Damon’s family and guests. The interiors are a blend of modern aesthetics and timeless luxury, featuring high ceilings, expansive windows, and top-of-the-line finishes. The open-plan living area is perfect for entertaining, while the chef's kitchen, equipped with the latest appliances, will undoubtedly inspire some culinary masterpieces.

The architectural brilliance and interior design of the condo stand out. The sleek lines, natural light, and thoughtful layout create a harmonious living environment. The master suite is a sanctuary, complete with a spacious walk-in closet and a spa-like bathroom that offers a serene escape from the hustle and bustle of Hollywood life. Each additional bedroom is equally well-appointed, ensuring comfort and style throughout the home.

In true Matt Damon fashion, the condo also features several high-tech amenities. The property is equipped with a state-of-the-art home automation system, allowing Matt Damon to control lighting, temperature, and security with the touch of a button. The building itself offers a range of luxurious amenities, including a rooftop pool, a fully equipped fitness center, and a serene garden area. For someone who values both privacy and a touch of Hollywood glamor, this condo is an ideal choice.

The strategic aspects of Matt Damon’s purchase are noteworthy. The West Hollywood location is not just about luxury; it’s a smart investment in one of LA’s hottest real estate markets. The area is known for its vibrant cultural scene, high-end dining, and proximity to some of the city’s most iconic landmarks. Damon’s new home is a stone’s throw away from the Sunset Strip, providing easy access to entertainment and nightlife while maintaining a peaceful residential atmosphere.

This purchase also holds personal significance for Matt Damon. Having recently sold his Pacific Palisades mansion for $18 million dollars, this new condo marks a fresh chapter in Matt Damon’s life. It reflects his evolving tastes and his desire for a home that offers both luxury and practicality. The decision to downsize to a condo doesn’t mean compromising on style or comfort. I view it more as a strategic move that aligns with Damon’s busy lifestyle and need for a convenient, low-maintenance residence.

Matt Damon has built a remarkable career spanning over three decades, marked by his versatility, talent, and dedication. Born on October 8, 1970, in Cambridge, Massachusetts, Matt Damon showed an early interest in acting, eventually attending Harvard University, where he began crafting his skills and writing the screenplay that would become his breakthrough project.

Matt Damon’s rise to fame began with "Good Will Hunting" (1997), a film he co-wrote with his childhood friend Ben Affleck. The movie was a critical and commercial success, earning nine Academy Award nominations and winning two, including Best Original Screenplay for Damon and Affleck. Matt Damon also received a nomination for Best Actor for his portrayal of Will Hunting, a troubled genius navigating life in South Boston. This film catapulted him into the limelight and established him as a formidable talent in Hollywood.

Following "Good Will Hunting," Matt Damon showcased his range with roles in a variety of genres. He starred in "Saving Private Ryan" (1998), directed by Steven Spielberg, where his portrayal of the eponymous Private Ryan further solidified his status as a leading actor. Then came Matt Damon's role in the "Bourne" franchise, where he played a highly trained assassin suffering from amnesia, became iconic and revitalized the action-thriller genre. The series’ success established Damon as an action star and led to four sequels over the next decade.

In addition to his action roles, Matt Damon has consistently chosen diverse and challenging projects. He starred in "The Departed" (2006), a gritty crime drama directed by Martin Scorsese, and "The Good Shepherd" (2006), a spy thriller directed by Robert De Niro. His performance in "Invictus" (2009), where he portrayed South African rugby captain Francois Pienaar, earned him another Academy Award nomination for Best Supporting Actor.

Matt Damon's collaboration with director Steven Soderbergh on the "Ocean's" trilogy from 2001 to 2007 showcased his comedic talents as part of an ensemble cast in the heist films. He continued to balance blockbuster films with critically acclaimed projects, such as "The Informant!" (2009) and "Hereafter" (2010), directed by Clint Eastwood.

One of Matt Damon’s most celebrated performances came with "The Martian" (2015), directed by Ridley Scott. His portrayal of astronaut Mark Watney, stranded on Mars, earned him a Golden Globe for Best Actor and an Academy Award nomination. The film’s blend of humor, drama, and science fiction highlighted Damon’s ability to carry a film across multiple genres.

Matt Damon’s new West Hollywood condo is a perfect blend of style, comfort, and smart investment. It’s a home that befits a Hollywood star, offering luxurious living spaces, top-notch amenities, and a prime location. Matt Damon continues to impress not only with his acting prowess but also with his impeccable real estate choices, proving once again that he’s a man of both talent and taste.

Space

Max Space is building "stadium-sized" inflatable habitats for space

A new space startup named Max Space is pioneering the development of "stadium-sized" inflatable habitats designed for space. These habitats are intended to be compact during launch but expand dramatically once in orbit, utilizing a unique scalable architecture. The technology aims to address the current limitations in habitable space, making space stations and colonies on the Moon or Mars more feasible and cost-effective.

The company's designs range from 20 cubic meters to an ambitious 1,000 cubic meters, offering a versatile solution for various applications including farming, tourism, and even sports events in space. These inflatable modules will first be launched aboard a SpaceX rocket in 2026, with plans for additional launches throughout the decade.

Max Space's approach could significantly reduce the costs associated with constructing space habitats. For example, they estimate that building a structure comparable to the International Space Station could be done for a fraction of its original $100 billion dollar cost. The first prototype, set to launch within the next couple of years, will serve as a critical test for this innovative technology.

Maxim de Jong, one of the co-founders of Max Space, has previously worked on inflatable spacecraft for Bigelow Aerospace, and brings valuable experience to this venture. Max Space’s vision extends beyond orbiting habitats to potential lunar and Martian colonies, indicating a bold step towards sustainable human presence in space.