Insider Finance - Business - Get ready to work into your 80s

Nicholas Carlson, November 22, 2022

Hello, Insiders! Have you been watching the World Cup? We had the USA vs. Wales match playing on the TV in the office yesterday — let’s go USA! — and I will be watching as many games as possible. (By the way, here’s how you can livestream every match.)

A lot’s happened so far, including the ongoing controversy around human rights abuses that’s been surrounding this World Cup. 

Qatar became the first host nation ever to lose its opening match. Ecuador fans chanted “We want beer,” since it was banned from stadiums. Iran’s team refused to sing the national anthem to show solidarity with protesters. Seven European teams backtracked on wearing rainbow armbands after FIFA threatened to sanction players. And Saudi Arabia pulled off one of biggest upsets in World Cup history to beat Lionel Messi's Argentina.

So I want to hear from anyone on the ground at the World Cup. What’s it really like right now? What are you seeing? Or if you’ve been to a different World Cup in the past, what was that like? Let me know at insidertoday@insider.com.

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The latest

• Some of the victims of the Club Q shooting have been identified. They include two of the club’s bartenders and a trans woman visiting from Denver. Find out more about them here.

• Russian forces used electronic warfare in Ukraine, but ended up also jamming their own communications. Read the full story. 

• Reality stars Todd and Julie Chrisley have been sentenced on fraud convictions. After an emotional plea, Todd was given 12 years and Julie received seven years. Get the details. 

The big story

Rachel Mendelson/Insider

The only thing Elon Musk understands about Twitter is how to kill it.

In early November, as mass layoffs started at Twitter and blue-check parodies began to nuke the company's advertising business, Elon Musk tweeted, in part: "Twitter can be thought of as a collective, cybernetic super-intelligence." 

This was a pretty wild thing to be thinking about, given all the potentially company-ending chaos that Musk was getting ready to inflict on Twitter. But he had stumbled on a rich theoretical vein.

To a degree, he was right: a group of seemingly random-acting individuals turns into a collective when it follows a set of simple rules. All the likes and faves, the follows and retweets and shares, turn individual users into something bigger, smarter, and weirder. 

But even as he grasps that, he’s gone on to get everything about that theory wrong.

Musk doesn’t truly understand what he bought or how it works, senior tech correspondent Adam Rogers writes. And whether he manages to hold Twitter together or spin it into shards, his deeper misunderstanding should make all of us even more worried about the future of social media than we are.

Here’s what Elon Musk is getting wrong about his new plaything.

And for more on this, check out:

• A leaked email says Twitter employees must send Elon Musk weekly updates of everything they've worked on to “innovate rapidly.”

• Elon Musk says he wants 'Twitter 2.0' to have video chat, voice calls, and encrypted DMs — and has enlisted the help of Signal's founder.

• World's richest man Elon Musk's wealth has taken a $100 billion hit in 2022. Get the details here.

Top reads

Dirck Halstead/Getty Images; Howard L. Sachs/CNP/Getty Images; Nathan Howard/Getty Images; Rebecca Zisser/Insider

• It’s not just Joe Biden — plenty of Americans are grinding through their older years. The number of working Americans over the age of 80 has risen. Some are forced to keep collecting a paycheck, while others work for a sense of purpose. One analyst told us: "If we enjoy what we do, why stop working? There's been a big change in thinking about retirement." More on this trend here.

• Bob Iger needs to fix Disney's “Star Wars'' problem. The franchise has flourished in television productions, but has languished on the big screen. Now that Bob Iger is back in his old job as CEO, fixing the iconic franchise could bring in some easy money. How “Star Wars” could help Disney.

• Crypto news sites have dominated coverage of the FTX implosion. Now, they must devise a plan to keep winning. The downfall of Sam Bankman-Fried’s crypto exchange has publications like CoinDesk and The Block hammering the very industry that keeps them in business — and they may be chronicling their own demise.

• There are nine things you shouldn’t buy while on a cruise. A writer who’s been on more than 50 cruises shared the things that aren’t worth the cost — from all-inclusive drink packages to photo packages. Here’s everything to avoid buying on cruise ships. 

• An airline assigned a mother and her 3-year-old seats in separate rows. After being told to ask other passengers to change seats with her, the parent discovered that there’s no standard policy around family seating on airplanes — and the Department of Transportation knows it’s an all-too-common problem. Here’s what to know.

Today’s sound bite

"Before the fall of FTX, Sam Bankman-Fried spent millions on real estate in the Bahamas. Now, most of the properties sit empty."

Hear the latest headlines on The Refresh from Insider.

Watch this

Flat-faced dogs like Frenchies, pugs and English bulldogs are wildly popular but they come with a long list of health problems. Bad breeding means more dogs need surgery to help them breathe.

Today's team

This edition was curated by Nicholas Carlson, and edited by Hallam Bullock, Lisa Ryan, and Jordan Parker Erb. Get in touch: insidertoday@insider.com. 

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