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

  Coinbase, the largest cryptocurrency trading platform in the US, just bought 3 traditional securities dealers to use their licenses and become a fully regulated...
Conor Grant • June 8, 2018

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

The focus of this year’s World Wide Developer Conference was all about software, or as CNET put it, “more about polish, less about jaw-dropping...
Wes Schlagenhauf • June 7, 2018

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

Back in May, when news broke that WhatsApp co-founder Jan Koum decided to step down as CEO of WhatsApp only 4 years after his...
Wes Schlagenhauf • June 7, 2018

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

Social Security will have to dip into its emergency reserves to dish out this year’s payments — the first time it will tap its...
Conor Grant • June 7, 2018

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

Smart speaker company Sonos just unveiled a new product called Beam that will let users boss around Alexa, Siri, and Google Assistant — all...
Conor Grant • June 7, 2018

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

You can call her Commander Crypto: To protect investors from crypto criminals, the SEC appointed Valerie Szczepanik as its first-ever digital currency specialist. You should...
Conor Grant • June 6, 2018

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

According to Patreon’s VP of product, Wyatt Jenkins, “over 60% of today’s Patreon creators either want to or already deliver some kind of physical...
Wes Schlagenhauf • June 6, 2018

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

According to a Financial Times report, strong demand and limited supply bumped vanilla prices from $20/kg 5 years ago to more than $600 —...
Conor Grant • June 6, 2018

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

More than 40m people have played Fortnite: Battle Royale since its release in 2017, and, according to digital game sales tracker SuperData Research, the...
Wes Schlagenhauf • June 6, 2018

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

Two years ago, hundreds of thousands of people put $1k down to reserve Tesla’s new, lower-priced Model 3 electric car, with the expectation that...
Wes Schlagenhauf • June 5, 2018

Starbucks founder Howard Schultz calls it quits on coffee

Howard Schultz, the beloved entrepreneur who built Starbucks into a global coffee powerhouse, is stepping down as chairman of his bean empire. Schultz, widely known...
Conor Grant • June 5, 2018

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

Esports “infrastructure” platform, PlayVS, has closed a $15m Series A funding round to develop school-sponsored gaming programs, “clicking off” its inaugural season in …
Wes Schlagenhauf • June 5, 2018

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

Microsoft announced yesterday that it had acquired GitHub, the open source digital repository for developers, for $7.5B in stock. Microsoft is buying the site to...
Conor Grant • June 5, 2018

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

On Friday, luggage maker Samsonite announced its CEO stepped down following a report from US-based short-seller, Blue Orca Capital, questioning his credentials. According to the...
Wes Schlagenhauf • June 4, 2018

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

Domo, a data-analytics company based in Utah, filed an IPO last Friday — after its credit ran dry and it posted a net annual...
Conor Grant • June 4, 2018

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

The mustachioed ride-sharing giant is reportedly close to acquiring bikeshare company Motivate, in a deal said to be worth at least $250m, according to...
Wes Schlagenhauf • June 4, 2018

Billionaire brand-whisperer rescues NECCO with $17.3m purchase

Charles Dean Metropoulos, the snack savant who rescued Twinkies, PBR, and Chef Boyardee from falling off their assembly lines into oblivion, purchased NECCO, the...
Conor Grant • June 4, 2018

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

Canon issued a heartbreaking statement yesterday that it would discontinue sales of film cameras and pull its final EOS-1v from the sales rack.The rise...
Conor Grant • June 1, 2018

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

As MoviePass continues to flush cash down movie theater toilets like a bag of drugs in a Tarantino movie, the subscription service is moving...
Wes Schlagenhauf • June 1, 2018

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

Cruise, the autonomous-driving division of General Motors, just fueled up with a high-octane $2.25B investment from Japan’s SoftBank — to challenge its primary competitor,...
Conor Grant • June 1, 2018

Trendy outerwear brand Canada Goose flaps its way into China — and a $3.4B market cap

Just 2 years after opening its first retail store, Toronto-based (and family-owned) goose down arctic wear company Canada Goose has its sights set on...
Wes Schlagenhauf • June 1, 2018

Bird is reportedly flapping its electric wings to a $1B valuation

As Bloomberg first reported, the hit electric scooter company that first launched in Los Angeles is reportedly raising $150m in new financing. Bird already raised...
Wes Schlagenhauf • May 31, 2018

A Chinese company now holds the power to more than half the world’s lithium supplies

Chinese lithium supplier Tianqi Lithium recently paid more than $4B to become the second-largest shareholder in Sociedad Quimica y Minera (SQM), a Chilean mining...
Wes Schlagenhauf • May 31, 2018

23andMe files a patent infringement lawsuit to chop down Ancestry’s family tree

DNA-testing startup 23andMe filed a lawsuit against its biggest competitor in the genome-at-home genealogy market, Ancestry, in an effort to establish a lead in...
Conor Grant • May 31, 2018

The Meeker shall inherit the earth

If securities analysts were pop music stars, Mary Meeker would be bigger than Beyonce. Yesterday, the VC and former Wall Street whiz delivered her...
Conor Grant • May 31, 2018

Ben and Jerry’s serves up a scoop of sustainability with blockchain ‘carbon credits’

Ben and Jerry’s, a company committed to cooling down global warming one scoop of Cherry Garcia at a time, has found a new way...
Lindsey Quinn • May 30, 2018

The US makes Bayer sell the farm in biggest antitrust sell-off ever

The German drugmaker finally won US antitrust approval for its $66B takeover of Monsanto, to form the world’s biggest seed and agricultural-chemicals producer ever,...
Wes Schlagenhauf • May 30, 2018

Canada gets some slick new digs, purchases oil pipeline for $3.5B

Yesterday, the Canadian government announced it will buy Kinder Morgan’s Trans Mountain pipeline project for $3.5B, regardless of the opposition from environmentalists and …
Lindsey Quinn • May 30, 2018

De Beers changes their tune, debuts lab-grown diamonds

De Beers, the biggest diamond dealer in the jewelry box, is launching a new company called Lightbox Jewelry to sell lab-grown diamonds. These unnatural gems...
Lindsey Quinn • May 30, 2018

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...
The Hustle • May 28, 2018

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