They aren’t prediction markets; they reaction markets.

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If you took a Captain or F/O aside, and asked them what their biggest on-flight fear was, it wouldn't be turbulence. Or stalling. Or engine failure. I once completed the last 90mins of a B777-300ER flight to Melbourne on one GE engine, diverting to Perth. The biggest issue was finding hotels.

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“The internet is a store but it used to be a library” hits me like a slug to the chest

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A great illustration of the way social media has essentially shredded society’s informational immune system: The USSR spent a fortune trying to spread conspiracy theories, without success because they couldn’t crack newsrooms. Today, you can reach the globe with a post that costs $20 to make.

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From a friend who is a #Liverpool supporter.

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