What I read this week...

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Networks of smugglers have built lucrative businesses catering to migrants desperate to reach the U.S., charging up to $5K per person and making $1.7Bn annually. Read more in our analysis on the problems at the southwest border.
Carta’s CEO jumped head-first into hot water after sending a surprise email to customers regarding "negative press" about sexual abuse claims against former execs. He then directed them to more details in a Medium post.
BP made its biggest EV investment ever in the U.S., purchasing $100mm of Tesla’s ultra-fast chargers to build out its own independent charging network. This is just the first of many more moves in BP’s $1Bn commitment to U.S. EV infrastructure.

Chamath Palihapitiya