The sharing economy relies on the moral righteousness of strangers. And we deeply trust it — even when everything goes to hell.
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.
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 […]
How an Olympic curler reignited a decades-old fight between Japan and South Korea over fruit copyrights.
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.
A cottage industry of Instagram verification software companies is popping up, enlisting algorithms to give advertisers a better bang for their buck.
The FAA has approved “at least 10” drone initiatives, which could result in operational commercial delivery drones as early as May.
Throughout Europe, a dispute between Serbia and Kosovo has clocks that rely on alternating current running up to 6 minutes behind.
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 […]
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 […]
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% […]
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 […]
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 […]
Harvard bet its endowment fund on Brazillian tomato farms... and it didn't exactly pay off.
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.
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 […]
New research suggests that falling pregnancy rates have preceded times of economic strife in the US for nearly 3 decades.
With $300B in assets, Anbang Insurance Group attracted the wrong kind of attention from the Chinese government.
Yet another reminder of just how dependent Snap is on influencers.
A spike in electric vehicles has stoked fears of a cobalt shortage -- and Apple is leaving nothing to chance.
After doing hundreds of millions in sales in the ‘90’s, JNCO is closing its doors this year.
Gibson faces $145m in unpaid bank loans and a shrinking market for electric guitars -- and they're not the only rock icons in trouble...
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.
Instead of recognizing increased output with a permanent pay bump, employers have turned to an ephemeral reward: bonuses.
Wenatchee, WA, has become a bitcoin miner’s paradise -- and it raises some serious questions about the sustainability of cryptocurrency mining at large.
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.
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 […]
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 […]
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.