Cloud computing company Snowflake raises $263m — and it’s gonna need it

They may not be sexy to you, but Snowflake’s $1.5B valuation is looking preeetty nice to companies looking to store data on the cloud. But, they have some pretty stiff competition...

Wes Schlagenhauf • January 26, 2018

CNN suits can’t cage Casey Neistat

A year after dropping $25m to acquire Casey Neistat and his video platform, CNN is pulling the plug, citing irreconcilable business differences.

Lindsey Quinn • January 26, 2018

Inside Serenbe: the utopian ‘wellness community’ driving a $134B industry

Real estate developers are betting big bucks on planned communities for health enthusiasts that feature on-site farms, wooded trails and ‘free-range’ kids.

Lindsey Quinn • January 25, 2018

Are ‘smart’ doorbells really a thing?

Apparently all you gotta do to become a Unicorn these days is to get turned down by Mark Cuban on Shark Tank...

Wes Schlagenhauf • January 25, 2018

Google’s moonshot competition ends without a winner

Google ended its Google Lunar XPrize competition because none of the participants are on track to reach the moon by the 2018 deadline.

Wes Schlagenhauf • January 25, 2018

Are robots the answer to the agricultural job shortage?

Agriculture is embracing new algorithm-driven harvesting technologies with robotic arms.

Zachary Crockett • January 25, 2018

Budweiser isn’t ‘America’s beer’ anymore

Budweiser rebranded themselves ‘America’ in 2016 -- but they haven’t been the “King of Beers” in almost 20 years

Wes Schlagenhauf • January 24, 2018

The results are in: Netflix is killing the game

With insane growth in Q4, Netflix is pulling away from their biggest competitors in the on-demand biz.

Wes Schlagenhauf • January 24, 2018

Elon Musk: I’m not going to pay myself until Tesla hits absolutely insane benchmarks

It’s a “100% at-risk performance award” -- and if Elon manages to hit his goals, he could add as much as $55B to his net worth.

Zachary Crockett • January 24, 2018

How much are you sharing when you swipe?

A new report reveals major vulnerabilities on Tinder, which make it easy for a hacker on a shared wifi network to “look over your shoulder” as you swipe.

Lindsey Quinn • January 24, 2018

Chinese imports are flooding South Korea’s kimchi market

South Korean kimchi producers are having trouble competing with China’s rock-bottom prices.

Zachary Crockett • January 23, 2018

Onward and upward: Uber Eats acquires food delivery startup that makes its own food

Uber Eats just partnered with David Chang’s ‘ghost restaurant’ Ando, as it continues to build out its food delivery infrastructure.

Wes Schlagenhauf • January 23, 2018

Sorry cashiers, Amazon Go is finally here 

Amazon’s automated convenience store is finally open. Is this the future of shopping or just an expensive pet project?

Wes Schlagenhauf • January 22, 2018

Sure ’nuff: Startup hippo raises $25m in the white-hot insurance tech space

Hippo is the latest to cash in on the highly lucrative “insurtech” market, and VCs are chomping at the bit to get in the mix.

Lindsey Quinn • January 22, 2018

Pass the popcorn: MoviePass plans to start acquiring and distributing their own movies 

As it stands, MoviePass buys up nearly 3% of all movie tickets in the US, which seems pretty high compared to their heroically low monthly charge for users.

Wes Schlagenhauf • January 22, 2018

How do we stop quantum computers from cracking every encryption on the planet?

With quantum encryption, of course. Wanna be able to explain it to your friends at your next dinner party? Read on...

Lindsey Quinn • January 22, 2018

A new San Francisco law just forced Airbnb to remove nearly 50% of its listings in the city

Airbnb removed nearly 5k listings of short-term hosts who failed to pay a $250 fee to register with the city -- 2k of them overnight.

Zachary Crockett • January 22, 2018

Struggling sandwich artist: Subway has a full-blown crisis on their hands

With Subway’s sales plummeting and stores closing, many attribute the dark days to changing trends, bad produce, and some hardcore internal conflict.

Wes Schlagenhauf • January 22, 2018

Charlie Munger, Warren Buffett’s #2, credits his success to knowing a little about a lot

Behind every lauded genius, there tends to be a No. 2: A Pippen to Michael, a Woz to Jobs, and, dare we say, a Munger to Buffett. For 40 years, Charlie Munger has served behind the scenes as Warren Buffett’s most trusted business partner. He’s played a pivotal role in managing Berkshire Hathaway’s $178B stock […]

Wes Schlagenhauf • January 19, 2018

PR firms are paying tech journalists at prominent publications for links

For as long as journalism’s existed, businesses have offered cash payments, gifts, and services in exchange for favorable coverage. (It’s one of the reasons we’ve been working on an ethics guide at The Hustle.) Now, a recent exposé by our friends over at The Outline argues that this trend has turned into a lucrative, bustling […]

Zachary Crockett • January 19, 2018

The personal assistant of Goldman Sachs’ co-president stole $1.2m in wine from him

The former personal assistant to Goldman Sachs #2 David Solomon now faces federal charges for “borrowing” some really rare wine from his boss.  The defendant was arrested for stealing hundreds of bottles of wine, including 7 bottles of highly sought-after vino from the French estate Domaine de la Romanée-Conti. The heist reads like a metaphor […]

Wes Schlagenhauf • January 19, 2018

Teen influencers get more… influential

You’ve probably seen the headlines about influential teens making thousands of dollars a day reselling their tweets to companies (if not, boy do we have some news for you).  But it’s not just corporations leaning on “influencer” marketing to boost their numbers, it’s entire governments. And, as people and tech platforms alike rebel against branded […]

Lindsey Quinn • January 19, 2018

Apple plans to add $350B to the US economy — but that may not be as heroic as it sounds

Yesterday, Apple put out a self-congratulatory press release titled “Apple accelerates US investment and job creation.” And it’s true: The company says it will not only pay $38B in taxes to move its entire foreign trove of money back to the US, but also add $350B to the US economy and create 20k new jobs […]

Zachary Crockett • January 18, 2018

Patrick Doyle turned Domino’s pizza into a tech darling. But now, his work here is done

In the past 8 years, CEO Patrick Doyle has successfully rebranded Domino’s from a “cardboard crust” pizza joint to a cutting-edge tech and logistics pizza company with… a less cardboardy crust. Case in point: 50% of the employees at their headquarters now work in software analytics. But as of this June, he’s handing over the […]

Lindsey Quinn • January 18, 2018

The father of Angry Birds wants to build an underwater tunnel

Peter Vesterbacka, the red hoodie-wearing, eccentric game developer who created the all-mighty Angry Birds franchise, wants to change his forte from destruction to construction by building an underground tunnel between Finland and Estonia. But this isn’t your everyday traffic tunnel: This one will cost $18B, span 80 miles, run almost entirely underwater, and connect the […]

Wes Schlagenhauf • January 18, 2018

Nestlé sells its US candy biz to Ferrero

Nestlé, the Swiss maker of all things Butterfinger, Baby Ruth, and Crunch bars, has agreed to sell its US confectionary brands to Ferrero (the maker of Nutella) for close to $3B. As Nestlé CEO Mark Schneider explains, “This move allows Nestlé to invest and innovate across a range of categories … such as pet care, […]

Wes Schlagenhauf • January 18, 2018

The rebranding of the trailer park

In America, trailer parks have long been stigmatized as economically undesirable — last-resort stops for poverty-line families and the elderly, where crime is rampant and living conditions are squalid.   But as the middle class continues to shrink and the housing affordability gap continues to widen, Americans are increasingly turning to mobile homes — and […]

Zachary Crockett • January 17, 2018

Not even crypto’s kingpins know if you should buy bitcoin

Not even crypto’s kingpins know if you should buy bitcoin A recent estimate figures that 95% of bitcoin’s wealth is held by 4% of the market — AKA the kings of the Crypto Castle (home to some of the most prominent crypto investors), AKA the people everyone laughed at 4 years ago, AKA the world’s […]

Lindsey Quinn • January 17, 2018

Patanjali’s guru announces their move to e-commerce, and the big e-tailers are lovin it

Yesterday, Baba Ramdev — the fearless face and yoga guru of the up-and-coming Indian consumer goods company (they literally sell everything) — announced the launch of Patanjali’s e-commerce platform. Between sharing their business plan and striking a few signature yoga poses on stage, Ramdev revealed their online platform made sales of more than Rs10 crores […]

Wes Schlagenhauf • January 17, 2018

BlackRock CEO to companies: Figure out your social mission if you want funding

In his yearly letter to chief executives, BlackRock CEO Laurence Fink called on companies they invest in to lay out their long-term plans of making a positive impact on society — or find new funding. In the letter, Fink warned that companies unable to prove social impact was important to them would “lose the license […]

Wes Schlagenhauf • January 17, 2018

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