The Monday 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

Streamers’ $3M Scandal

A $3 million disaster just shut down the events branch of a media company run by big-name creators. Offbrand, co-founded by streamer Ludwig, blew through cash thanks to bad budgeting and weak accounting.

They overspent on events, couldn’t pay other creators, and had no choice but to close shop. No matter how popular you are, bad money management can take you down.

💎 What’s poppin in accounting

FASB Upgrades Bitcoin Accounting

Big news from FASB, companies can now report Bitcoin at fair market value instead of the outdated "cost minus losses" method. Translation? Balance sheets will actually show what crypto is worth today, not what it was worth when bought.

This change could push more businesses to adopt Bitcoin and other cryptos.

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 📊 Weekly Trend Chart

Paying for Love Is Out

Tinder’s paying users have dropped from a peak of 11.1M in 2021 to around 10M today. The drop comes as people lose interest in swiping endlessly and paying for premium features.

To win users back, Tinder’s rolling out AI features to pick your best photos and even letting your friends swipe for you. But here’s the big question, Is the app losing its magic, or are people just done paying for love?

#😂

the silent third wheel 😂

P.S. What'd you think of today's edition? Hit 'reply' to this email and lemme hear it!