Crypto markets lose $42B after a South Korean coin exchange was hacked

The crypto market lost $42B in value after Coinrail was hacked over the weekend.

Wes Schlagenhauf • June 12, 2018

Adaptive Insights pulls an IPO bait-and-switch with a $1.55B sale to Workday

With software companies commanding sky-high buy prices, Adaptive Insights sells to Workday for $1.55B.

Conor Grant • June 12, 2018

IHOb proves marketing hoaxes work better than ever in the age of social media 

To encourage pancake-centric buyers to think beyond breakfast, IHOP launched a burger-focused social media hoax -- and it worked.

Conor Grant • June 12, 2018

Uber wants to patent a system that knows if you’re wasted or not

Uber has reportedly drawn up an idea that would patent a system to let drivers know when their fare is wasted.

Wes Schlagenhauf • June 11, 2018

Thanks to reliable sales of fake dog turds, things are really heating up at Five Below

Five Below, a discount retailer that sells zombie drool to kids, is beating earnings expectations thanks to fad trends.

Conor Grant • June 11, 2018

Holy petaflops: IBM’s new supercomputer is set to take top spot as world’s fastest

For the first time since 2012, a US supercomputer has dethroned China from the top spot as the world’s fastest and smartest.

Wes Schlagenhauf • June 11, 2018

A year after its IPO, Stitch Fix keeps pulling revenue out of the box

Stitch Fix keeps proving the haters wrong a year after its IPO as revenue continues to grow.

Conor Grant • June 11, 2018

With a new e-commerce ticketing feature, Snapchat copies its own copycat

After accusing Instagram of copying its stories for users, Snapchat is now shamelessly copying the ’Grams e-commerce functionality.

Conor Grant • June 8, 2018

Reorg at Ronald’s: McDonald’s looks to eliminate ‘layers’ as it plans corporate job cuts

McDonald’s continues to make corporate cuts as they look to modernize their business model.

Wes Schlagenhauf • June 8, 2018

Starship Technologies takes delivery robots to the streets with $25m in fresh funding

Starship Technologies raises $25m to get more autonomous delivery robots on the streets.

Wes Schlagenhauf • June 8, 2018

Coinbase puts on Big-Coin pants for the SEC as crypto platforms race toward regulation

Coinbase was the latest crypto company to seek out brokerage licenses in order to avoid heat from the SEC and tap into institutional finance.

Conor Grant • June 8, 2018

Didn’t catch the livestream of Apple’s WWDC? Here’s what you missed

The biggest highlights from Apple’s WWDC18

Wes Schlagenhauf • June 7, 2018

WhatsApp’s co-founders reportedly threw $1.3B away when they deleted their Facebooks

WhatsApp co-founders give new meaning to the word integrity as they collectively gave up $1.3B to get out of their deal with Facebook

Wes Schlagenhauf • June 7, 2018

Social Security cracks open its emergency piggy bank for the first time since ’82

Social Security has to tap into its rainy day fund after recent tax cuts accelerated the program’s death march.

Conor Grant • June 7, 2018

Using patents to strong-arm big tech, Sonos made the smartest speaker in the room

In a bid to pull ahead as the best smart speaker company, Sonos managed to partner with 3 of its competitors’ voice AIs thanks to some prescient patents.

Conor Grant • June 7, 2018

Cracking down on crypto crime, the SEC presses the Szczepanik button

The SEC appointed its first ever full-blown crypto regulator, but she faces an uphill battle to rein in a well-funded and lawless industry.

Conor Grant • June 6, 2018

Patreon has acquired a startup called Kit that will help the ‘talent’ sell their merch

Patreon acquired a merchandising logistics platform to further diversify their offerings and help make their creators more money.

Wes Schlagenhauf • June 6, 2018

Vanilla volatility caused a shortage of ice cream and a surplus of organized crime

A volatile vanilla market has led to problematic increases -- both in organized crime and in ice cream prices

Conor Grant • June 6, 2018

Tencent and Epic Games made almost $300m on Fortnite in April

Fortnite is the world’s most popular game, pulling in nearly $300m in the month of April alone, and it shows no signs of stopping.

Wes Schlagenhauf • June 6, 2018

Tesla has reportedly refunded 23% of US Model 3 pre-orders 

Nearly a quarter of Tesla’s Model 3 deposits in the US have reportedly been refunded, but it might be a blessing in disguise.

Wes Schlagenhauf • June 5, 2018

Starbucks founder Howard Schultz calls it quits on coffee

Howard Schultz, the entrepreneur who created Starbucks as we know it, is stepping away from the coffee business -- and many think he’s stepping into the political arena.

Conor Grant • June 5, 2018

A startup that builds esports infrastructure for high schools scores $15m in funding

PlayVS is an esports infrastructure startup that is looking to organize esports at the high school level, and they just raised $15m to do it.

Wes Schlagenhauf • June 5, 2018

Microsoft pursues developers with $7.5B GitHub buy, but they’re Gitting out fast

To capitalize on GitHub’s active developer community, Microsoft acquired the company for $7.5B -- but developers already want out.

Conor Grant • June 5, 2018

Samsonite CEO packs his bags after report says he faked his resume

Samsonite’s CEO resigns after a report alleges he lied about having a Ph.D. in business administration.

Wes Schlagenhauf • June 4, 2018

Data analytics startup Domo, valued at $2B, files a last-ditch IPO to raise some cash

After burning through all its cash, data analytics startup Domo filed for an IPO in search of some extra dollars.

Conor Grant • June 4, 2018

Lyft nears a deal to buy OG bikeshare company behind GoBike and Citi Bike

Lyft is getting into the bikeshare mix, closing in on a deal to acquire Citi Bike backer Motivate, reportedly valued at $250m.

Wes Schlagenhauf • June 4, 2018

Billionaire brand-whisperer rescues NECCO with $17.3m purchase

After bankrupt Sweetheart-maker NECCO put itself on the auction block, C. Dean Metropoulos came to the rescue, like he has with Twinkies and PBR before it.

Conor Grant • June 4, 2018

After 82 years, Canon sends its film cameras to the Big Dark Room in the Sky

The popularity of smartphones has shrunk the market for cameras, forcing Canon to discontinue its only remaining analog camera.

Conor Grant • June 1, 2018

MoviePass continues to peel back the layers of its ‘grand plan,’ with MoviePass Films

MoviePass has made good on their promise to start their own production company with MoviePass Films.

Wes Schlagenhauf • June 1, 2018

GM ‘Cruises’ to self-driving dominance with another $2.25B in the tank 

In a race against Google to bring the first autonomous vehicles to market, GM’s $2.25B investment from SoftBank could be just the boost Cruise needs.

Conor Grant • June 1, 2018

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