Brought to you by Felix Gray… stop the retina burn.
The news that was cooking up while you were cooking out
If you’re just tuning in after the long holiday weekend, never fear -- here’s a quick download of the headlines you missed while you were chillin’ and grillin’:
SoulCycle spins its wheels, canceling a long-awaited IPO
Three years after thousands of Lululemon-clad legs pedaled studio-cycling company SoulCycle to an ambitious $100m IPO target, the fitness company has withdrawn its plans due to “market conditions” (AKA, competition from at-home competitor Peloton and an exodus of execs).
The rest of tech may not get the picture, but Pinterest is crushing it
Good news for your mom’s book club -- everyone’s favorite DIY website increased its sales 58% last year. Unlike other companies that diversified en route to their IPOs, Pinterest has doubled-down on what it does best (pictures) to boost revenue from $24m in 2014 to $472.9m last year.
After cruising into 2018, Fiat Chrysler recalls 4.8m cars
Fiat Chrysler increased their net profits 93% last year, but an expensive 4.8m car recall issued last week due to a malfunction (in which rogue rides could get stuck in cruise control) will give competitors a chance to pass the malfunctioning motormakers.
London launches the world’s first pay-kiosk for street performers
Over the weekend, London’s mayor unveiled a new scheme that will equip street performers with contactless payment kiosks. The project is in collaboration with Swedish payments firm iZettle (which PayPal bought for $2.2B earlier this month to beat Square to the Euro-trip).
Betting on ‘better for you,’ PepsiCo acquires Bare Foods
Sales of “healthy” foods and drinks have increased from 38% to 50% of PepsiCo’s revenue, inspiring the makers of Mountain Dew and Doritos to buy organic snack-maker Bare to take a bite out of the market for healthy snacks (where small brands do 60% of the business).
China’s internet giants invest in Foxconn
A recent filing to the Shanghai Stock Exchange reveals that Alibaba, Baidu, and Tencent -- China’s “big three” e-commerce, search, and social media juggernauts -- have each purchased a 3.86% stake in Foxconn, one of Apple’s major manufacturing partners for the iPhone.
Disney is back on top in the battle for stock market supremacy
Although Netflix briefly overtook Disney as their market value rose to $152.5B last week, it didn’t take long for Disney to regain its throne as it continues to fortify its borders with an upcoming streaming service. Until then, there’s a good chance for more back and forth.
Starbucks is closing 8k stores today for anti-bias training
Sorry, Frap-fiends -- Starbucks will close more than 8k stores nationwide today to conduct anti-bias training after the unjust arrest of two black men at a Philadelphia location last month. The company hopes the training will help put the shine back on their tarnished diversity-friendly image.
America will have to run on Dunkin’
woman of the year
Your new Woman Crush Wednesday
A little over a year ago, The Hustle launched 2X: A storytelling show featuring powerhouse women from across the country.
400 people showed up to the first 2X event. Since then, 5,127 live audience members have had their minds blown by amazing stories from 79 women in cities across the country.
And after all of this, there’s one thing we’ve learned: Everyone has a story.
Now, we’re teaming up with Salesforce on the 2X Woman of the Year
We want to promote the most innovative, impactful, passionate female professionals out there -- so we’re collecting nominations from all of you.
Click HERE to nominate yourself, your mentor, your boss, your friend (nominations are due June 5th).
Over the next few weeks, we’ll narrow the pool down to 25 semifinalists, then 5 finalists, and then 1 final winner... the 2X Woman of the Year.
The 2X Woman of the Year will have a chance to tell her story to live audiences in San Francisco at 2X and Dreamforce.
Clean breathing is now big business. Thanks to breakthroughs in technology and newfangled startups like Molekule, the personal air purifier market is projected to reach ~$8.5B by 2024.
Blame the red-hot market on poor indoor air quality. According to researchers, indoor air quality can be 5X more polluted than outdoor air. Combine that with rising asthma and allergy rates in individuals, and you have yourself a perfect sneeze storm. [Guardian]
We live in the on-demand age people -- you don’t need to go back and forth with some greasy agency. Just use Tailor Brands and get it made today.
Go ahead, take their free logo quiz to figure out what your perfect logo could be. Choose between looks, feels, and fonts. A few clicks later and BOOM, you have your new logo. Bonus: You can even see what your sick new logo looks like on your social planner, biz cards, even a t-shirt. [Tailor Brands]
Several apparel manufacturers recently announced plans to ban the use of mohair -- the soft inner fur from Angora goats -- in clothing. The decision comes after allegations of animal cruelty inside the South American goat farms that supply the prized hair.
Retailer H&M has promised to stop selling the fur in all 4,700 of its stores by 2020. A move that marks a turning point for apparel manufacturers as more and more customers demand greater transparency in the products they buy. [Washington Post]
This edition of The Hustle was brought to you by
Stop reading this
Seriously. Staring at a computer screen for hours upon end can be seriously damaging to your eyeballs.
We’re not just talking itchy, dry eyes or migraines. Thanks to decreased eyesight in heavy computer users, doctors believe we might see our vision go 10 years earlier than before.
We all know it’s a problem, but not one of us does anything about it -- probably because the only solution are those nerdiest-shade-of-yellow “gamer” glasses.
Protect your eyes in style
Felix Gray is changing the eye protection game with RX and non-RX computer glasses that look just like normal ones. Seriously, look at them.
Actually, normal is an understatement. These glasses are made from the same premium acetate that Versace uses -- so technically these are like $300 luxury glasses.
They protect your eyes and look like italian fashion wear...probably gonna cost a month’s paycheck, right?