Russian Oligarchs’ Safe Havens | Facebook’s First Fall | The 50 Best Jobs In America

Plus: DAOs Aren’t A Fad—They’re A Platform

Good morning.

While tensions over Russia’s stance on Ukraine intensify, threats of sanctions are nothing new for the country’s oligarchs, for whom the Kremlin created tax havens safe from foreign reach in 2018. We’re also reporting on the first decline in daily active users Facebook recorded in its 18-year-old history, and Glassdoor’s ranking of the 50 best jobs in America. Finally, find out everything you need to know about decentralized autonomous organizations (DAOs) and why these blockchain-based collectives aren’t just a fad.  

In The News Today

The Pentagon characterized a U.S. Special Forces counterterrorism operation in Syria as “successful,” while on-the-ground accounts reported civilian casualties, including children.

More than 1.2 million people will die from opioid overdoses in the U.S. and Canada by 2029 if no action is taken to tackle the growing epidemic, warns a new report.

Top Take-Aways

Russian oligarchs seeking to avoid being hit by foreign sanctions don’t have to travel far. In 2018, the Kremlin created special autonomous regions on small islands on opposite sides of the country’s borders that have become, in practice, tax havens.

Payments giant PayPal said it identified 4.5 million accounts on its platform “were illegitimately created,” highlighting ongoing issues with fraud in the fintech space. Compounding governance issues, the company reported profits fell short of analysts’ expectations and anticipated slower growth in 2022 than previously expected, with shares tumbling 25%.

Shares of Facebook parent company Meta fell 20% in after-hours trading after reporting a fall in profitability. Competition from rivals such as TikTok is finally taking a toll on the 18-year-old social network, which recorded its first-ever drop in daily active users.

Mehmet Oz, the celebrity known as Dr. Oz, promoted unproven medical claims during the pandemic and is now trying to become a U.S. senator from Pennsylvania. His campaign is backed by some of the richest people in the country.

Members of OPEC+ met for just 16 minutes on Wednesday, agreeing to increase oil production by 400,000 barrels per day in March. Concerns remain over whether they can actually reach that target.

With millions of Americans working from home and reevaluating what’s most important to them, the jobs considered most desirable have changed—and may even come as a surprise. Here’s which roles came out on top of job-site Glassdoor’s annual list of the best jobs for 2022, based on job openings, salary and satisfaction

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A close relative of the omicron coronavirus variant—known as BA.2 and dubbed “stealth omicron” by some scientists—is more infectious and better at infecting vaccinated people, a recent study has found. Here’s what we know.

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