#2023

During its second-quarter 2023 earnings call on August 3, Coinbase’s Chief Legal Officer, Paul Grewal, expressed confidence that the exchange would win the court case, stating, “We do think we can win. We expect to win.” In terms of their financial performance: Coinbase reported a net loss of $97 million on $708 million in revenue for the second quarter of 2023. Trading volume fell by 37%, and operating expenses were down nearly 50% year over year, partly due to a 30% reduction in headcount.

"Soho House, an elite club where memberships are priced between $2450 and $4800. What I did was create an AI model of a woman (based on ChatGPT), a marketing expert, who would invite young and affluent men for business meetups." Success came without delay: "The AI's efforts resulted in approximately 30,000 men accepting the invitation, bringing in about $90 million, as all of them had to secure a membership." But that's not the end of Jack's endeavor; he aimed for personal gain: "The main thing is, I managed all of this within a week, precisely when the company was to disclose its 2023 second-quarter gains, and in doing so, I bought options valued at $50,000." In the end, Soho House's shares rose nearly 20%, and Jack's earnings were substantial.