Zachary Crockett
Editor, Senior Writer, The Hustle

How the sharing economy makes us trust complete strangers

The sharing economy relies on the moral righteousness of strangers. And we deeply trust it — even when everything goes to hell.

Zachary Crockett • April 14, 2018

The rise and demise of American Airlines' $250k lifetime pass

Three decades ago, 28 lucky bastards snagged the greatest travel deal in history, courtesy of American Airlines. For a one-time fee of $250k ($560k in...
Zachary Crockett • April 8, 2018

The rise and demise of the AAirpass, American Airlines’ $250k lifetime ticket

In the 1980s, American Airlines sold an unlimited, first-class ticket for life. But they didn't account for super-travelers like Jacques Vroom and Steve Rothstein.

Zachary Crockett • April 7, 2018

A US city just banned crypto mining for the first time

Plattsburgh — a city of 19,780 wayyyyy upstate in New York — has become the first US city to temporarily ban cryptocurrency mining. Enacted last Thursday, the ban will place an 18-month moratorium on all new crypto mining operations in an effort to cut down on the astronomical energy usage the practice requires. Plattsburgh brought […]

Zachary Crockett • March 19, 2018

Japan and South Korea are embroiled in a heated dispute over… strawberries

How an Olympic curler reignited a decades-old fight between Japan and South Korea over fruit copyrights.

Zachary Crockett • March 16, 2018

The tech that allowed Stephen Hawking to communicate his ideas with the world

As we mourn the loss of the man, let’s take a look at the technology that empowered him to share his genius theories with the public.

Zachary Crockett • March 15, 2018

Advertisers are using new verification software to weed out Instagram bots

A cottage industry of Instagram verification software companies is popping up, enlisting algorithms to give advertisers a better bang for their buck.

Zachary Crockett • March 14, 2018

Commercial delivery drones are “a lot closer” to reality than skeptics think

The FAA has approved “at least 10” drone initiatives, which could result in operational commercial delivery drones as early as May.

Zachary Crockett • March 13, 2018

Why are millions of clocks in Europe suddenly running slow?

Throughout Europe, a dispute between Serbia and Kosovo has clocks that rely on alternating current running up to 6 minutes behind.

Zachary Crockett • March 12, 2018

How a holding company that sold pool chemicals pivoted into a $20B coffee empire

Chances are, you haven’t heard of JAB Holding Company, but you’ve probably consumed their coffee products. Fifty years ago, the privately held German conglomerate was selling chemicals for pools, resigned to a life of irrelevance. Today, they own Keurig, Peet’s Coffee, and the Dr Pepper Snapple Group — a $20B trove that has a hand […]

Zachary Crockett • March 9, 2018

Coca-Cola is releasing an alcoholic drink in the world’s most adventurous market: Japan

The ubiquitous beverage Goliath has announced that it will introduce an alcoholic drink, the first in the company’s 125-year history. Dubbed chūhai, the drink variety will be available only in Japan — arguably the world’s most adventurous, eclectic market for new products. A chūhai-splainer Chūhai, also known as Chu-Hi, is an increasingly popular canned beverage […]

Zachary Crockett • March 8, 2018

For the first time in 13 years, LEGO has reported a decline in revenue and profit

Yesterday, the 85-year-old Danish toy manufacturer released their annual financial results for 2017… and the bricks didn’t exactly fall into place. Last year, the company — which sells 75B bricks annually — saw their profit fall 17%, and revenue drop 8%, breaking their 13-year growth streak, over which revenue increased by an average of 15% […]

Zachary Crockett • March 7, 2018

In lieu of bonuses, United Air created (and canceled) a $100k lottery for its employees

In an internal memo leaked last week, United Airlines announced they were replacing performance-based bonuses with a new, “exciting” lottery system, in which the company’s 80k employees would have the chance to win a handful of prizes. Now, after a  widespread petition and a barrage of bad press on the internet, United is calling off […]

Zachary Crockett • March 6, 2018

Can tiny satellites bring internet access to remote areas?

Last week, venture capital firm Andreessen Horowitz announced they’re leading an $13.5m investment in Astranis, a startup focused on building commercial telecommunications satellites. In recent years, a “new space race” centered around satellite internet has emerged, with companies like SpaceX and Richard Branson-backed OneWeb competing to launch devices and establish networks capable of reaching areas […]

Zachary Crockett • March 5, 2018

Harvard University gets cocky, loses $1B

Harvard bet its endowment fund on Brazillian tomato farms... and it didn't exactly pay off.

Zachary Crockett • March 2, 2018

In the EU, people have a right to be removed from certain search results

The EU’s “right to be forgotten” allows individuals to request that links be removed from Google results. But it comes with a high price.

Zachary Crockett • March 1, 2018

Rage against the humans

Devices that use data to make their own decisions are increasingly beep-beep-booping their way into the mainstream. Need further proof? Yesterday, autonomous technology made a rumble in the automotive world — and, surprisingly, the blue jean business. California gave the green light to driverless cars Until now, the state that gave rise to autonomous vehicles […]

Zachary Crockett • February 28, 2018

Can declining pregnancy rates predict a recession?

New research suggests that falling pregnancy rates have preceded times of economic strife in the US for nearly 3 decades.

Zachary Crockett • February 27, 2018

One of Asia’s biggest companies just got steamrolled by the Chinese government

With $300B in assets, Anbang Insurance Group attracted the wrong kind of attention from the Chinese government.

Zachary Crockett • February 26, 2018

Snap’s market value fell $1.3B after a single tweet by Kylie Jenner

Yet another reminder of just how dependent Snap is on influencers.

Zachary Crockett • February 23, 2018

Apple wants to buy up cobalt for its batteries before electric carmakers deplete it 

A spike in electric vehicles has stoked fears of a cobalt shortage -- and Apple is leaving nothing to chance.

Zachary Crockett • February 22, 2018

JNCO, the terrible jeans brand from the ‘90s, finally goes out of business

After doing hundreds of millions in sales in the ‘90’s, JNCO is closing its doors this year.

Zachary Crockett • February 21, 2018

One of the most iconic guitar brands in history is facing potential bankruptcy

Gibson faces $145m in unpaid bank loans and a shrinking market for electric guitars -- and they're not the only rock icons in trouble...

Zachary Crockett • February 20, 2018

An Indian bank just lost $1.8B in fraud at a single branch

If the $1.8B loss at a Punjab National Bank branch is any indication, the Indian government’s recent $32B recapitalization Band-Aid may have already peeled off.

Zachary Crockett • February 15, 2018

Dear boss: if you want to reward your employees, give them a raise — not a bonus

Instead of recognizing increased output with a permanent pay bump, employers have turned to an ephemeral reward: bonuses.

Zachary Crockett • February 14, 2018

Crypto miners flock to rural Washington — and wreak havoc on its energy infrastructure

Wenatchee, WA, has become a bitcoin miner’s paradise -- and it raises some serious questions about the sustainability of cryptocurrency mining at large.

Zachary Crockett • February 13, 2018

Amazon is making a play for its own shipping service

Though “Ship With Amazon” is in its infant stages, it's giving us a glimpse into the company’s long-term goal of complete self-reliance.

Zachary Crockett • February 12, 2018

12 years in, Twitter finally turns a profit

Yesterday, the 12-year-old social media network posted their Q4 earnings — and for the first time ever, they put up a modest profit. As we anticipated back in October, the company was in the green ($91m) for the quarter, on a reported revenue of $732m (a 2% bump from this time last year). Chalk it […]

Zachary Crockett • February 9, 2018

A billionaire doctor just bought the LA Times for $500m. Who is he?

A billionaire doctor just bought the LA Times for $500m. Who is he? Yesterday, media conglomerate Tronc sold the Los Angeles Times (along with its “sibling paper,” The San Diego Union-Tribune) for $500m. The buyer, Dr. Patrick Soon-Shiong, is the latest in a procession of billionaires who’ve snatched up large media companies in recent years […]

Zachary Crockett • February 8, 2018

Samsung’s disgraced heir just got a ‘get out of jail free’ card

Lee is the latest crooked exec that South Korea has failed to hold accountable -- and his release doesn’t bode well for the country’s global business reputation.

Zachary Crockett • February 6, 2018

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