Thursday links: an adversarial relationship

MarketsA look at weakness in the Mag 7 stocks. (trendlabs.com)Why prices never land on fair value. (mrzepczynski.blogspot.com)StartupsA look at the potential valuation of SpaceX at IPO. (sherwood.news)What happens when a CEF, full of startups, trades at a big premium to NAV? (morningstar.com)OpenAIOpenAI's business strategy has been 'haphazard' at best. (theatlantic.com)OpenAI is buliding “an autonomous AI research intern.” (technologyreview.com)Why Sora failed. (spyglass.org)GamblingThe speed with which gambling has ripped through society is shocking. (derekthompson.org)Gambling thrives on the fear of being left behind. (kyla.substack.com)How gambling shows up in worse credit outcomes. (libertystreeteconomics.newyorkfed.org)A firsthand account of someone who left the gambling industry. (defector.com)MediaNetflix ($NFLX) is raising subscription prices (again). (variety.com)Some veteran podcasters are calling it quits. (wsj.com)The bloom is off the reality TV rose. (nytimes.com)Econom