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Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack


Airbnb cofounder and CEO Brian Chesky appears to have been the target of a cyberattack, a source with knowledge of the situation tells Fortune. On Monday, Chesky’s X account shared a multi-post thread setting out a bullish view on “real-world asset tokenization,” a term from the crypto world that describes converting traditional assets like stocks into digital tokens.

“I’ve been quietly keeping an eye on real-world asset tokenization for a while now,” the account wrote in the now-deleted series of tweets. “Most of it is noise. But underneath the noise, something real is happening.”

Chesky is an active user of X, where he routinely shares product updates, earnings commentary, and lessons from building Airbnb with his more than 1.2 million followers. He’s even used the platform to crowdsource suggestions for business improvements, such as lowering cleaning fees and, ironically, crypto payments, which earned praise from X owner Elon Musk. “This kind of interaction with users is awesome,” Musk wrote in response to the 2023 call for ideas, urging other companies to take note. Commentary from Chesky on crypto is out of character for his accounts. 

This week, though, Chesky’s replies were filled with accusations of “AI slop,” a term that describes low-quality content produced by artificial intelligence.  

Users pointed out aspects of the Chesky “tokenization” post that suggested it had been cooked up by AI. “One thing that really makes AI writing distinct is the lack [of] commas,” Bloomberg’s Joseph Weisenthal wrote. 

Communications strategist and Rostra founder Lulu Cheng Meservey, meanwhile, warned that “CEOs damage trust when they post unfiltered claudeslop.” 

When Fortune analyzed Chesky’s thread through AI-detection tool Pangram, the system flagged it as 100% AI-generated. The posts have since been deleted. Airbnb declined to provide a public comment. 

The thread appeared as a reply to a user referencing Robinhood CEO Vlad Tenev’s recent interview with CNBC, in which he discussed the growing market for tokenized real-world assets.

The hacked posts were flagged to X and escalated to platform security teams as a “high-profile compromise,” according to correspondence between Airbnb and X employees reviewed by Fortune. X secured the account on Tuesday evening, and Chesky was then able to regain access to his account. 

The rise of AI slop

Chesky has previously praised the use of artificial intelligence, telling CNBC in February that the tech “is the best thing that ever happened to Airbnb.” The serial founder is also preparing to launch a new AI lab focused on building new models, according to Bloomberg. 

But the surge of low-quality AI-generated content is becoming a bigger headache for both business leaders and creatives, and the volume of mediocre images, videos, and text has grown so overwhelming that Merriam-Webster named “slop” its 2025 word of the year. A new analysis by AI detection platform Pangram found that roughly one in four long-form social media posts are now AI-generated. Nearly half of X’s longer “Articles” contain AI-written material.

Leaders across industries are concerned. Substack CEO Chris Best warned in September that AI could clog already crowded feeds with low-quality content and strain an attention economy he referred to as a “scarce resource.” YouTube CEO Neal Mohan dedicated a section of his annual letter to “managing AI slop,” declaring it a top priority for 2026. Oscar-winning director Christoper Nolan told The Telegraph this week that Gen Zers are “utterly rejecting” AI slop with reactions that are “immediate and harsh.”

“They see it for what it is very quickly,” The Odyssey director said. “It’s much easier for them to identify it, because it grew out of an online world they know really well.”

A recent report from social media management platform Sprout Social found that 56% of respondents say they encounter “AI slop” on social media often or very often, and 83% say they see it at least sometimes. Gen Z is more likely to rebuff the content, too. Half of respondents said they have unfollowed, muted, or blocked accounts if the content felt like AI slop.

Fortune 500 CEO security 

Chesky is not the first Fortune 500 CEO to have a social media account compromised. 

In 2016, Meta founder Mark Zuckerberg’s Twitter, LinkedIn, and Pinterest accounts were briefly compromised by a group called OurMine Team.

“Hey @finkd (Mark Zuckerberg’s Twitter handle) we got access to your Twitter & Instagram & Pinterest, we are just testing your security, please dm (direct message) us,” the now-deleted post read. 

In 2019, Twitter founder Jack Dorsey’s account was briefly taken over for 20 minutes, an action that led to the platform to permanently disable its “text-to-tweet” (SMS) feature.

T-Life (T-Mobile Tuesday, 7/28): Atom Tickets, $5 Ticket To Spider-Man: Brand New Day


The Offer

  • T-Life will be offering $5 tickets to Spider-Man: Brand New Day on 7/28

Our Verdict

Surprised to see this for such a big release. Surely this will be limited and go very quickly. Great deal if you can get it though. 

The Offer

  • T-Life will be offering $5 tickets to Spider-Man: Brand New Day on 7/28

Our Verdict

Surprised to see this for such a big release. Surely this will be limited and go very quickly. Great deal if you can get it though. 

Millions Leaving SAVE Could Still Owe $0 Per Month — But Most Haven’t Run The Numbers


Key Points

  • Upwards of 7 million borrowers must leave the SAVE plan and pick a new repayment plan within 90 days of servicer notification, which began rolling out July 1, 2026.
  • An analysis of Education Department and GAO data suggests at least 3 million of those borrowers could still qualify for a $0 monthly payment on Income-Based Repayment (IBR).
  • The new Repayment Assistance Plan (RAP) eliminates $0 payments entirely, with a $10 monthly minimum.

More than 7 million student loan borrowers are being pushed off the SAVE plan in the next few months, and for many, the anxiety is real: after nearly two years of forbearance, they’re bracing for a monthly bill they fear they can’t afford. 

But we’ve been seeing something interesting in our comments on social media – borrowers are surprised that they can still secure a $0 monthly payment on IBR. 

That makes sense. If historical patterns hold, at least 3 million of these borrowers would still qualify for a $0 monthly payment under Income-Based Repayment (IBR). They just haven’t run the numbers yet. That’s why borrowers need to use a Student Loan Calculator and see what their expected payments would be.

The Department of Education began notifying enrolled borrowers on July 1 that they have 90 days to choose a new repayment plan. Borrowers who don’t move in time will be moved into a new plan automatically. That deadline has created a scramble among borrowers who, in some cases, have not made a payment since March 2020.

Here’s what borrowers might be missing about still having a $0 monthly payment.

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The $0 Payment Has Always Been More Common Than Borrowers Think

Zero-dollar monthly payments are not a SAVE invention. They have been a standard feature of income-driven repayment (IDR) for more than a decade, and they have always covered a large share of enrollees.

Before the pandemic, roughly 8.2 million borrowers were enrolled in IDR plans, according to Federal Student Aid data from late 2019. A 2019 Center for American Progress analysis, cited in an NPR investigation, found that nearly half of them (roughly 4 million borrowers) had a $0 scheduled payment. The Government Accountability Office reported the same pattern within REPAYE (the predecessor to SAVE) where slightly more than half of borrowers were scheduled to pay nothing because of low reported income.

SAVE pushed that share higher. Because SAVE used a 225% discretionary income formula (compared to 150% under older plans) the GAO found that nearly 60% of SAVE borrowers with scheduled payments (3.6 million of 6.2 million) owed $0 as of January 31, 2024. The Education Department later reported that 4.6 million of the more than 8 million borrowers who enrolled in SAVE had a $0 monthly payment.

Put simply: for the entire history of income-driven repayment, roughly half of borrowers at any given time have owed no monthly payment.

Estimating The Data Today

Here is the math we used to estimate potentially $0 monthly payments, using deliberately conservative assumptions.

Step 1: Total SAVE Borrowers. Roughly 7.7 million borrowers were enrolled in SAVE or SAVE forbearance and must move to a new plan. The Department of Education has said 1 million people have changed plans, but we’ll use the original total.

Step 2: How Many Save Borrowers Had $0 Payments. GAO data shows 58% of SAVE borrowers had $0 payments (3.6 million ÷ 6.2 million) as of early 2024.

Step 3: Adjust for IBR’s 150% Threshold. IBR is not as generous as SAVE was. For a single borrower in 2026, the $0 cutoff falls from about $35,910 in adjusted gross income (225% of the $15,960 poverty guideline) to $23,940 (150%).

History also tells us what happens at that lower threshold: plans using 150% (REPAYE, PAYE, and IBR) produced $0 payments for roughly half of enrollees before the pandemic (about 4 million of 8.2 million in 2019).

Step 4: Adjust for Old Income Data. Most SAVE borrowers last certified income in 2023 or earlier, and wages have grown since. Some borrowers who owed $0 then will earn too much now. To be conservative, we assume the $0 share falls to 40-45% (below anything observed in the program’s history) rather than the 45-55% the pre-pandemic record supports.

Step 5: Multiply. 7.7 million × 40% = 3.1 million. 7.7 million × 45% = 3.5 million.

The estimate: 3.1 to 3.5 million borrowers (let’s call it “at least 3 million”) would likely qualify for a $0 payment on IBR. Even if the true share of borrowers fell all the way to 35%, a level with no historical precedent, that would still be 2.7 million borrowers paying nothing each month.

Two caveats. This is an estimate, not an official Department of Education figure. ED has not published a projection of $0-payment eligibility for SAVE borrowers moving to IBR. And the estimate only holds for borrowers who actually choose IBR. Those who choose RAP or a standard plan will always have an above $0 payment, regardless of income.

Why The Plan You Pick Matters 

The choice borrowers make in the next 90 days carries more weight than past plan switches, because the new Repayment Assistance Plan (RAP) (which opened July 1, 2026) breaks with years of IDR design.

RAP has no $0 payment. Borrowers with adjusted gross income of $10,000 or less pay a $10 monthly minimum, and payments scale from 1% to 10% of total AGI as income rises, with a $50 monthly deduction per dependent.

RAP does offer benefits older plans don’t, including an interest subsidy that prevents balances from growing and a principal match of up to $50 per month. But for the lowest-income borrowers, RAP means paying something every month when it used to be $0.

IBR, by contrast, kept its $0 payment. Borrowers can also move to PAYE or ICR temporarily, but those plans sunset by July 1, 2028, forcing a second switch later.

What This Means For Your Family’s Budget

For families bracing for a new bill, the practical advice is simple: calculate before you panic. The College Investor’s Student Loan Calculator and App can help.

A single borrower earning $23,000 would pay $0 on IBR, but about $38 per month on RAP (2% of AGI). A single borrower earning $30,000 lands at roughly $50 per month on either plan. A married borrower with two kids and $45,000 in household AGI would likely pay $0 on IBR, but about $50 on RAP after the $50-per-dependent deduction.

The right answer differs by income, family size, loan age, and how long a borrower has already been in repayment, especially for anyone pursuing Public Service Loan Forgiveness or time-based loan forgiveness, where months at $0 count fully.

The worst outcome is doing nothing. Borrowers who miss the 90-day window will be placed in a plan they didn’t choose, and borrowers who simply stop paying face delinquency, credit damage, and (with collections restarting soon) wage garnishment and offset of tax refunds.

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The post Millions Leaving SAVE Could Still Owe $0 Per Month — But Most Haven’t Run The Numbers appeared first on The College Investor.

Form 144 Schrodinger For: 16 July




Form 144 Schrodinger For: 16 July

Should lenders prepare for mortgage rates moving even higher?


Mortgage rates reached their highest level since the end of August, following a week of heightened uncertainty over the Iran conflict, slightly moderated by positive news on inflation.

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The 30-year fixed rate mortgage increased by 6 basis points to 6.55% as of July 16 from 6.49% one week prior, the Freddie Mac Primary Mortgage Market Survey found.

The last time the 30-year fixed was at a higher point was for the week of Aug. 28, 2025, at 6.56%.

For the same week a year ago, the 30-year hit its summer peak of 6.75%.

Meanwhile, the 15-year FRM rose by 11 basis points from a week ago to 5.93%. This is actually higher than the 5.92% it was at for the week of July 17, 2025.

Why did mortgage rates move this week?

“Purchase application demand has weakened recently, but housing affordability is more favorable and housing inventory continues to rise, thus the backdrop for prospective homebuyers is modestly improving,” Sam Khater, Freddie Mac’s chief economist, said in a press release.

Lender Price data posted on the National Mortgage News website put the 30-year fixed just shy of 6.8% as of 11 a.m. on July 17.

At the same time, the 10-year Treasury yield was at 4.58%, up 3 basis points on the day. On July 9, it closed at 4.54%. It posted intraday highs on Monday, Tuesday and Wednesday this week above 4.61%.

The now-ended ceasefire with Iran likely improved June’s inflation numbers, Kate Wood, NerdWallet’s lending expert, wrote in a commentary before the Freddie Mac numbers came out.

“Renewed fighting also means inflation fears are back on, so that June data is looking less like the beginning of a recovery and more like a memory of what could have been,” Wood said. “No one’s expecting the Federal Reserve to raise rates at its end-of-month meeting, but the odds of a hike as soon as September are significant. In this kind of environment, we’re unlikely to see mortgage rates drop.”

The case for no Fed short-term rate increase

Louis Navellier, an investment banker, is taking a more upbeat view of the Fed’s next move.

“There is no more talk about the Fed raising key interest rates in the wake of the CPI report,” Navellier wrote in a Wednesday commentary. “The June Consumer Price Index came in better than economists expected and posted a 0.4% decline, which is the first time the CPI declined since 2020.”

Kara Ng, senior economist at Zillow Home Loans, agreed with Navellier that the CPI, along with the Producer Price Index, being substantially cooler than indicated, takes the pressure off for a Fed rate hike in the near term.

But increased inflation from the renewed Iran conflict caused Zillow to change its rate forecast.

It now calls for the 30-year “to ease only gradually, drifting to roughly 6.4% by the end of 2026,” Ng said in a Wednesday evening commentary.

 

Why June’s positive housing data might not last for long

Zillow’s June housing report had a log of good news, with sales and new listings higher, while monthly mortgage payments moved lower, which created a modest affordability boost for buyers, Ng said.

“That tailwind gets harder to lean on in the second half of the year,” she continued. “If rates end 2026 near 6.4%, that would be slightly higher than the range buyers saw in fall and winter 2025 — meaning affordability could shift from a tailwind relative to last year to more of a headwind, especially when comparing listings and sales.”

The Mortgage Bankers Association’s Weekly Application Survey had the conforming 30-year FRM at 6.65% for the period ended July 10. This is a gain of 7 basis points from the prior week.

“Mortgage rates increased last week to their highest level since last August, continuing to dampen borrower demand,” a Thursday morning commentary from Bob Broeksmit, president and CEO said. This contributed to a 7% weekly decline and 2% annual drop off in applications.

“With housing inventory continuing to improve, borrower demand should strengthen once mortgage rates begin to move lower again,” Broeksmit continued.

Refi volume surprisingly strong

Even though application volume fell 2.7%, refinance activity was up 4% from the previous week and 7% from the prior year.

In a comment issued after the Freddie Mac survey release, Kyle Bass, production business manager at Refi.com, said the volume increase in this activity even after rates rose is notable because it shows it is not all falling rate driven.

“In addition to those homeowners jumping in to refinance when rates retreat, there is another group of homeowners refinancing strategically,” Bass said. “Their focus is accessing the equity they’ve built through a cash-out refinance.”



Boeing Delivered 64 Jets in June. Here’s What That Means for Future Free Cash Flow.


Boeing (BA 1.02%) delivered 64 jets in June, four more jets than it delivered in May and the same month last year. The number is part of the company’s 314 jet deliveries in the first half of 2026. Its commercial delivery performance is a good sign of its financial recovery. Pushing out this volume of airline jets has a massive, direct impact on the company’s free cash flow (FCF) trajectory.

While Boeing’s overall operating margin remains lean (only 18.1% in the first quarter) as it navigates program overruns and defense drags, deliveries are the raw fuel for its balance sheet. A strong June demonstrates the manufacturing discipline required to chip away at its post-pandemic debt and secure sustainable, positive FCF.

Here is a breakdown of what these delivery numbers mean for Boeing’s cash position moving forward.

Image source: Getty Images.

Boeing is unlocking sunk inventory

The cash flow cycle is highly back-end loaded in aerospace manufacturing. Predelivery payments are generally around 30% of the purchase price, so manufacturers pay for much of the parts, labor, and supply chain overhead long before the plane leaves the tarmac. When the keys are actually handed over to the customer, the remaining 70% of the plane’s total purchase price is collected.

Pushing 64 jets out the door in a single month means Boeing is successfully liquidating parked, fully built inventory and turning it into immediate cash. In the first quarter, it reported an earnings per share (EPS) loss of $0.11, and even that was a 31% improvement year over year.

Validating its free cash flow target

In the company’s first-quarter earnings call, Boeing chief financial officer Jay Malave projected full-year 2026 FCF to finish between $1 billion and $3 billion. That’s a big change from the $1.5 billion FCF loss in the first quarter, as the first half of the year saw heavy operational expenditures and narrower operating margins.

Strong June momentum serves as proof of concept for the Street, validating that the era of aggressive cash burn is fading and that the $1 billion to $3 billion FCF target is highly achievable if execution remains steady. The company had consecutive positive FCF quarters in the second half of 2025.

Malave said that because of cash outflows in the first half of the year, achieving the full-year FCF target depends on a back-end-loaded second half, driven heavily by increased delivery volumes. As it is, Boeing booked a net total of ⁠113 new orders in June and a total of 408 new orders this year.

Boeing Stock Quote

Today’s Change

(-1.02%) $-2.22

Current Price

$215.90

Supply chain and delivery health are improving

Investors are still playing a wait-and-see game with Boeing, as its shares are flat so far this year.

To generate robust, multibillion-dollar FCF plateaus in the coming years, Boeing needs volume stability. June’s delivery numbers (which included 42 of the workhorse 737 MAX models) provide a critical insight into its operations. Delivering at this rate demonstrates that major supply chain and parts delays are no longer the absolute ceiling they were in previous quarters.

This operational rhythm sets the stage for Boeing’s upcoming push to lift 737 production from 42 to 47 aircraft per month, now that the Federal Aviation Administration (FAA) has approved that change. A synchronized supply chain executing higher monthly production rates is the primary structural driver that will expand program-level cash margins moving forward.

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