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Airline expects to offset costs by raising fares, cutting flights and bringing forward restructuring measures
Financial Times' The result is funny, unsettling, and much more efficient. format=jpeg" height="4480" width="6720" alt="Man sits in an empty office"><figcaption>What does management life look like at Coinbase in 2027?
Post by @unusual_whales on X
com/coinbase-layoffs-new-vision-future-memo-2026-5">Coinbase manager</a>. </strong></p><p>I log in. </p><p>Overnight, my payments agent flagged a spike in failed stablecoin transactions in Southeast Asia. My compliance agent drafted three possible responses.
My product agent shipped a minor UI tweak to address the issue in the app. </p><p>I skim summaries. Each one is a paragraph, max. </p><p>I approve two decisions. Decline one. </p><p>Now, I don't know anyone in those teams.
com/coinbase-layoffs-ai-tiny-teams-no-pure-managers-2026-5">coordination tax</a>," at least not the kind we used to complain about. No waiting for another team to reply. </p><p>Each agent shows confidence levels, sources, and alternative paths.
It's fast — but it's also opaque. </p><p>She's technically a designer. Also a PM. </p><p>She's been working with three agents to prototype a new feature for tokenized assets. She walks me through it in 12 minutes.
No slides. </p><p>"Nothing," she says. </strong></p><p>Lunch is the same. </p><p>We don't talk about projects as much anymore. We talk about prompts. </p><p>The compliance agent recommends freezing a set of transactions tied to a new prediction market.
The growth agent argues it's a false positive and warns of user backlash. </p><p>They've already debated each other. </p><p>There's no meeting, no consensus-building, no escalation chain. </p><hr><p>Business Insider readers: What do you think of this imagined reality?
Plausible or not?
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[@unusual_whales] Ryan Cohen of GameStop, $GME, says he can raise eBay's, $EBAY, value by cutting costs. Ryan Cohen of GameStop, $GME, says he can raise eBay's, $EBAY, value by cutting costs.
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[@KobeissiLetter] Global airlines are cancelling flights at an unprecedented pace: Airlines have cut 2 million seat... Global airlines are cancelling flights at an unprecedented pace: Airlines have cut 2 million seats and 12,000 flights worldwide from their May schedules over the last 2 weeks, reducing the total available seats to 130 million.
This comes as jet fuel costs have DOUBLED since the Iran war began, forcing carriers to cancel unprofitable routes, switch to smaller aircraft, and raise ticket prices. Turkish Airlines and Air China account for the largest seat reductions, cutting ~520,000 and ~490,000 seats, respectively.
Lufthansa leads in flight cancellations, at ~4,000 flights in May alone, with the airline having removed 20,000 flights from its schedule between May and October. Meanwhile, Gulf carriers, including Emirates, Etihad, and Qatar Airways, are still operating well below pre-conflict capacity, as the closure of Gulf airports has disrupted ~33% of all European journeys to Asia.
Singapore and Tokyo airports asked carriers not to add extra services to limit jet fuel use, and Vietnam introduced jet fuel rationing. The global aviation shock is spreading.
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[@CBSNews] UnitedHealthcare to cut prior authorization for 30% of services. UnitedHealthcare to cut prior authorization for 30% of services. Here's what to know.
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[@YahooFinance] GameStop CEO Ryan Cohen really wants to own eBay, even if there are doubts about how he'll pull o... GameStop CEO Ryan Cohen really wants to own eBay, even if there are doubts about how he'll pull off the mega acquisition.
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[@SquawkCNBC] Kpler's @mattvsmith01 explains why the move in jet fuel prices from the Iran war is a "slow motio... Kpler's @mattvsmith01 explains why the move in jet fuel prices from the Iran war is a "slow motion car crash":
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[BBC News] Airlines cut 13,000 flights in May as jet fuel prices soar Airlines have removed nearly two million seats from flights over the month, data from Cirium shows.
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[CNBC] Aluminum prices are surging. Here's how companies are handling the costs Aluminum's surge since the start of the Iran war is creating cost pressures for some of America's largest companies.
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[Semafor] Gamestop CEO's unsolicited bid for eBay looks DOA Ryan Cohen didn’t help his case Monday, when he squandered what goodwill he had with the Street in a disastrous CNBC interview.
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[RealClearPolitics] Why Did Spirit Fail? Too Many Passengers Hated Flying It Spirit was doomed to fail because of mismanagement, deep financial problems, and - crucially - its reputation for poor customer service. The spike in jet fuel prices during the war just accelerated Spirit's inevitable demise.
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[The Guardian] GameStop shares fall 10% after CEO skirts questions over eBay acquisition details <p>Ryan Cohen said he didn’t understand questions about how the video games retailer could afford its $55.5bn bid</p><ul><li><p><a href="https://www.theguardian.com/news/2026/feb/17/sign-up-for-the-breaking-news-us-email-to-get-newsletter-alerts-direct-to-your-inbox?utm_medium=ACQUISITIONS_STANDFIRST&amp;utm_campaign=BN22326&amp;utm_content=signup&amp;utm_term=standfirst&amp;utm_source=GUARDIAN_WEB">Sign up for the Breaking News US newsletter email</a></p></li></ul><p><a href="https://www.theguardian.com/business/gamestop">GameStop</a>’s shares fell more than 10% on Monday as questions emerged about how the company would finance its surprise $55.5bn bid for <a href="https://www.theguardian.com/technology/ebay">eBay</a>.</p><p>In an <a href="https://www.youtube.com/watch?v=Bmj2PaxX24E">interview with CNBC</a>, Ryan Cohen, GameStop’s CEO, skirted repeated inquiries about how the video games retailer could afford the deal, saying he didn’t understand the questions.</p> <a href="https://www.theguardian.com/technology/2026/may/04/gamestop-ceo-ebay-acquisition">Continue reading...</a>
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[NPR] GameStop makes unsolicited bid to acquire online auction giant eBay for $56B Video game retailer GameStop wants to buy the considerably larger eBay for $56 billion. NPR's Leila Fadel asks Wall Street Journal reporter Lauren Thomas about the offer.
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[Financial Times] Lufthansa flags €1.7bn hit from rising jet fuel prices Airline expects to offset costs by raising fares, cutting flights and bringing forward restructuring measures
A technical malfunction triggered an explosion and fire Sunday evening at the Barzan facility inside Ras Laffan Industrial City. Fifty-four people were injured and 18 remained unaccounted for early Monday. Emergency teams contained the blaze with no leak detected.
ForbesUFC CEO Dana White stated that negotiations for a cage fight between Elon Musk and Mark Zuckerberg were genuine and included discussions about holding the event at Rome's Colosseum. White said the venue requested an estimated $150 million, which would have gone toward restoring o…
TankerTrackers data shows 36 million barrels shipped and another 36 million still at sea. Iranian officials separately reported 25 million barrels crossing the blockade line since Monday.