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Still living with mom and dad? That’s not necessarily a bad thing

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Tue, Feb 21, 2023 10:46 PM

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This is Bloomberg Opinion Today, a new product line of Bloomberg Opinion’s opinions. Sign up he

This is Bloomberg Opinion Today, a new product line of Bloomberg Opinion’s opinions. Sign up here. Moving back in with your parents has its [Bloomberg]( Follow Us [Get the newsletter]( This is Bloomberg Opinion Today, a new product line of Bloomberg Opinion’s opinions. [Sign up here](. Today’s Agenda - [Moving back in with your parents]( has its benefits. - Meta is getting into [the subscription business](. - Tesla is [virtually unstoppable](. - Oatly is [battling Big Milk](. [Baby Come Back]( In 1974, Gerber — the baby food company — decided that babies weren’t enough. They wanted more. And so, [a new product line was born](, directed at college students and young adults venturing out into the world for the first time: [Gerber Singles](. “We were good for you then, we're good for you now,” the tagline went. The glass jars, full of varieties of mush, looked eerily similar to the ones Gerber made for infants. As you can probably guess, young adults didn’t want to eat baby food. Gerber’s assumption about adulthood was entirely wrong. Similarly, a lot of people make the wrong assumption when they see [grown adults move back in with their parents](, Alexis Leondis writes. They think “boomerang kids” are moochers incapable of living on their own. And although [25% of prime-age, non-working men live with their mothers]( — as Allison Schrager notes — the stereotype of the 25-year-old unemployed basement gremlin covered in Cheeto dust is outdated. Many adults move back home because of short-term setbacks, like getting fired or filing for divorce — not because they’re lazy ... or nostalgic for pureed prunes. Sleeping in a twin bed is not [#LifeGoals]( for any adult. Which is why Alexis says, “the kids who boomerang home boomerang right back out again.” These arrangements can even make life easier for parents because there’s an extra person to do the dishes, shovel the driveway and grab groceries. But you won’t catch them buying baby food. Gerber gave up on Singles in 1975. Digital Detox Marc Benioff’s spending 10 days doing a “[digital detox](” in French Polynesia after firing 8,000 employees definitely ranks in the Top 10 Least-Relatable Things in the World. But there is one part of the Salesforce CEO’s predicament that is all too relatable: [social media addiction](. All social platforms tend to follow a familiar formula to get you hooked. There’s community. There’s creative expression. There’s entertainment value. And there’s the small sliver of hope that you — an online nobody — could skyrocket to fame in a random video or tweet about your dog. It’s the perfect cocktail for addiction, which is in part why we use the word “detox” to describe the forced time we spend away from our phones. Mark Zuckerberg has long been “[a shameless copycat](” when it comes to stealing features that capitalize on this addiction, Parmy Olson writes. He’s copped “Stories” from Snapchat and “Reels” from TikTok — whatever it takes to get us spending more time on our devices and less time in reality. Meta’s latest move, to [copy Twitter’s blue verification check subscription](, is just another attempt to lure us down the social-media rabbit hole, with all its dangerous side effects.  Disinformation, offensive content, harassment and doxxing are everywhere. Tim Culpan believes [the only way to stop malicious content from going viral]( is to silo groups within each platform so that dangerous content can’t reach as many people. This would require a complete rethink of how social media operate, but if it could prevent conspiracy theories from ballooning into uncontrollable sizes, it might be worth a shot. [Read the whole thing](. Telltale Charts Tesla haters talk a big game, but [Elon Musk’s company is virtually unstoppable](, Matthew Winkler writes. It has a stock market value of $659 billion. It consistently posts record revenue. And it’s worth more than Toyota, Mercedes-Benz, Volkswagen, BMW, General Motors, Stellantis and Ford combined. If [a cheaper, next-gen]( Tesla model is around the corner, as [Musk has been teasing](, those competitors will likely get lapped again. Florida. Texas. North Carolina. Why have these states seen [an influx of new residents in the past few years](? Justin Fox asks. Is it the [tax benefits](? The [exotic pets](? The [NASCAR]( [Hall of Fame](? Well, no, not entirely. While speedways and [sloths]( are nice, Americans have practical reasons for choosing these places: They’re actually building new houses and apartments. Bonus Listening These days, you can’t order a latte at a coffee shop without specifying what kind of milk you want. I always end up panicking and say “regular milk,” which results in an aggressive, 5-second staring contest with the barista. But a large number of Americans welcome the opportunity. Oatly has quickly surpassed the ranks of all other alternative milks, with people preferring oat to almond [at a ratio of four to one]( last year. But [oat milk’s battle against Big Milk hasn’t always been smooth sailing](, Tim O’Brien explains on the latest episode of Crash Course. Although Oatly was able to crack the code on consumers’ diets and lifestyles, it hasn’t nailed its growth formula just yet. [Listen to the whole thing](. Further Reading Neither party is willing to [stand up for fiscal responsibility](. That has to change. — Bloomberg’s editorial board What [Walmart doesn't know]( should worry us all. — Leticia Miranda [Michelin-starred restaurants]( have lost their luster. — Tyler Cowen Companies need to do more than plant some trees [to reduce carbon emissions](. — Mark Gongloff HSBC and Standard Chartered are trying to [keep shareholders quiet by putting cash in their pockets](. Is it working? — Paul J. Davies [China’s coal mining boom]( isn’t adding up. — David Fickling [Europe's real-estate firms]( are starting to feel strained. — Chris Hughes ICYMI The SEC is going after [the Mormon church](. (Matt Levine has [thoughts]() Putin, [we warned you]( not to [do this](. McKinsey announced [job cuts](. Ski resorts solved their [crowd control problems](. New York’s [legal weed scene]( is strictly downtown. Kickers [Teens don’t drive]( like they used to. Three-day trips [require a lot of underwear](. Are you even ready for [Cocaine Bear](? [Birds are saying bye-bye](, but why? Influencer accidentally eats [a great white shark](. Notes:  Please send oat milk and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( [Ads Powered By Liveintent]( | [Ad Choices]( Bloomberg L.P. 731 Lexington, New York, NY, 10022

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