2021: Meta acquires Within and its wildly successful VR app Supernatural for $400 million.
2022: FTC seeks to block Meta/Within acquisition.
2026: Meta lays off employees and announces that there will be no more content for Supernatural.
@florianederer.bsky.social
Austrian π¦πΉ Economist π Not an Austrian Economist Allen & Kelli Questrom Professor BU Questrom, NBER, ECGI & NBER https://florianederer.github.io/
2021: Meta acquires Within and its wildly successful VR app Supernatural for $400 million.
2022: FTC seeks to block Meta/Within acquisition.
2026: Meta lays off employees and announces that there will be no more content for Supernatural.
Very sad to hear of the passing of John Kagel.
He was a foundational figure in behavioral and experimental economics and his research reshaped how economists think about strategic interaction and social preferences. His teaching and mentorship influenced generations of students.
Not all of them are fraudulent, but that's how many could potentially be investigated by her co-authors. There are many more less obvious cases of fraud in there than the 4 papers that made the headlines.
04.01.2026 11:46 β π 2 π 0 π¬ 0 π 01) Gino committed repeated research fraud (138 papers!).
2) Several influential and wealthy people (Lessig, Ackman, P&Q) continue to support her.
3) Harvard changed its review procedures.
4) Gino will likely get a settlement because of 3) ... which has nothing to do with 1).
A quarter million views and 1,300+ likes!
Surely everybody wants to see this amazing paper (and my discussion π) tomorrow.
Philadelphia Marriott
Room 309
Sunday, January 4, 2:30pm
Skiing, an activity that Paul calls outdated, fixes this.
02.01.2026 19:04 β π 18 π 1 π¬ 3 π 0Over on Twitter/X, Bill Ackman (of Harvard/Claudine Gay/plagiarism/tennis debacle fame) has written another 3,000+ word post.
He believes that Francesca Gino's RAs faked her data. And, plot twist, he's been funding Gino's legal battle against Harvard since 2024.
x.com/i/status/200...
Message from NBER President Jim Poterba
10.12.2025 22:23 β π 21 π 5 π¬ 1 π 0Devastating news. Kate was a great economist and a generous person.
10.12.2025 18:37 β π 149 π 18 π¬ 1 π 0Same reaction. I couldn't believe it. What a huge loss.
10.12.2025 18:03 β π 14 π 0 π¬ 1 π 0A loss to us all and to the progress of Economics.
10.12.2025 17:57 β π 25 π 6 π¬ 2 π 0The brilliant Kate Ho has passed away.
She was an amazing economist and a genuinely kind human being. Her work shaped how we think about healthcare markets and her generosity touched everyone lucky enough to know her.
The profession and the world are poorer without her.
Goal for the next six months: dive into the debate on identification of demand elasticities in finance. Feels like asset pricing is rehashing debates from IO twenty years ago? But thatβs good because itβs an important debate! @steveberry.bsky.social
10.12.2025 12:50 β π 15 π 3 π¬ 1 π 0Write-up on ProMarket:
www.promarket.org/2025/12/08/s...
Paper:
www.ifo.de/DocDL/cesifo...
In Sweden, corporate acquisitions lead to persistent earnings losses for workers.
Wages fall, some workers are displaced, and the gains largely go to acquiring CEOs and shareholders.
Employment and revenue stay flat. Profit rises because value is extracted from workers.
Freshwater-Saltwater's unexpected reunification
07.12.2025 22:15 β π 50 π 1 π¬ 0 π 0Lichtjahre vor weiten Teilen der medialen Berichterstattung: die Fankurve des SK Sturm. Danke dafΓΌr. Anlassfall ist der Femizid an einer Grazerin. (Foto: Sturmtifo.com)
05.12.2025 14:39 β π 159 π 37 π¬ 2 π 4Amazing things happening on X
07.12.2025 16:21 β π 232 π 31 π¬ 14 π 23The NBER had already placed him on leave, though I don't know when that happened:
www.nber.org/people/lawre...
Snapshot from October:
web.archive.org/web/20251006...
Wow.
The AEA has issued a life time ban against Larry Summers.
www.aeaweb.org/news/aea-sta...
Father Time comes for us all.
01.12.2025 05:19 β π 2 π 0 π¬ 0 π 0Like a phoenix from the ashes!
01.12.2025 04:47 β π 1 π 0 π¬ 0 π 0Not deadwood ... yet
01.12.2025 02:01 β π 11 π 0 π¬ 2 π 1From Politico in July 2020:
www.politico.com/news/2020/07...
Just a few years ago the economics profession completely marginalized @claudia-sahm.bsky.social for speaking out on this matter.
17.11.2025 14:11 β π 91 π 34 π¬ 1 π 0Summers conferred with Epstein frequently about how to extract sexual favors from a Harvard econ grad (AB '04, PhD '09)
The grad is from China
Epstein and Summers referred to her by the codename "Peril"
Racism and sexual exploitation in one efficient package
bit.ly/3LHpin8
I think he just made it up.
14.11.2025 02:56 β π 1 π 0 π¬ 0 π 0IO is so cooked.
14.11.2025 02:12 β π 7 π 0 π¬ 0 π 0I updated the Larry Summers dual-axis inflation graph.
14.11.2025 01:58 β π 9 π 2 π¬ 3 π 0jmp pitch for the brave: how well does presence of faculty in this dataset predict university *jmr IP shares
13.11.2025 19:47 β π 14 π 5 π¬ 1 π 0