The Thursday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Airbnb’s Money Guy Cashes Out

Airbnb’s Chief Accounting Officer just sold $137,000 worth of company stock. That’s not pocket change and it’s got people asking what does he know that we don’t.

Airbnb’s stock has been a wild ride this year—up, down, and everything in between. So when a big insider sells it raises eyebrows. Is it just a personal money move or is it a subtle warning sign about the company’s future.

For now it’s just one exec cashing in. But if more insiders jump ship, it could be the first crack in Airbnb’s armor.

💎 What’s poppin in accounting

Missouri’s Plan to Kill Income Tax

Missouri lawmakers are cooking up a plan to eliminate the state income tax entirely. The idea? Replace it with higher sales taxes. Supporters say it would attract businesses and simplify the tax code, but critics warn it could hit low-income families the hardest.

Missouri isn’t alone, other states like Florida and Texas have already gone the no-income tax route. But pulling this off without blowing up the budget? That’s the real challenge.

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 📊 Weekly Trend Chart

Twitch’s Big Problem

During the pandemic, Twitch was unstoppable, viewership hit record highs, and everyone wanted in. Fast forward to now, and growth has flatlined. Even mega-streamers like Kai Cenat are breaking records, but it’s not enough to lift the platform.

Why? Twitch is bleeding creators to rivals like YouTube and Kick, who offer better payouts and fewer restrictions. Meanwhile, Twitch is doubling down on ads, frustrating both streamers and viewers.

Twitch is still king, for now. But if it doesn’t figure out how to keep its creators happy, its reign might be shorter than anyone expected.

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