The future begins (in December)

The future of self-driving technology is scheduled to hit Arizona this December, and Waymo is the one (NOT) in the driver’s seat. The Hustle The age of autonomy starts this December, with Waymo at the wheel After 9 years of secretive R&D and more than 10m miles of testing, Google’s self-driving car subsidiary Waymo will […]

Wes Schlagenhauf • November 14, 2018

To hang on to eyeballs, Facebook wants to match users with jobs (and partners)

Yesterday, Facebook expanded its growing “Jobs” portal and added new Mentorship and Education tools on its platform.  To keep its users entertained, The Good ’Book...
Conor Grant • November 14, 2018

Sweetgreen raises $200m to pursue blockchain salad bars

Fast-casual salad chain Sweetgreen announced what the company is calling its “second act” with a $200m financing round led by Fidelity Investments. The round brings...
Wes Schlagenhauf • November 14, 2018

The business of self-care: Meditation app Simple Habit raised a $10m Series A

People are f*cking stressed. And, over the past few years, “mindfulness” apps like Headspace and Calm have been here to profit help. Now, the number...
Wes Schlagenhauf • November 14, 2018

The age of autonomy starts this December, with Waymo at the wheel

After 9 years of secretive R&D and more than 10m miles of testing, Google’s self-driving car subsidiary Waymo will finally sell self-driving rides to...
Conor Grant • November 14, 2018

Look, ma, we're billionaires

SAP agrees to acquire Qualtrics for $8B, mere days before the survey and research software firm was set to hit NASDAQ. The Hustle Survey company Qualtrics was acquired by SAP for $8B, days before hitting NASDAQ One day you’re gearing up to hit Wall Street, the next you’re selling for $8B in tickle cash — […]

Wes Schlagenhauf • November 13, 2018

As America’s soy stockpile bursts at the beans, growers take a gutsy gamble

America’s soybean stash is on track to double by the end of the year thanks to diminished demand caused by trade restrictions.  Bloomberg writes that...
Conor Grant • November 13, 2018

As funding rounds grow larger, fewer startups are able to raise money

Venture capital mega-funds have supercharged startup fundraising all the way down to the seed: Since 2013, the average seed round of funding has grown...
Conor Grant • November 13, 2018

Clearing out the well: The world’s largest liquor company is selling its bottom shelf

Diageo, owner of Johnnie Walker, Crown Royal and more said it plans to sell 19 of its “less successful” labels to privately owned distiller...
Wes Schlagenhauf • November 13, 2018

Survey company Qualtrics was acquired by SAP for $8B, days before hitting NASDAQ

One day you’re gearing up to hit Wall Street, the next you’re selling for $8B in tickle cash — classic. TechCrunch reports Enterprise software giant...
Wes Schlagenhauf • November 13, 2018

Party of 1

Alibaba broke its own single-day e-commerce sales record during Singles’ day, despite slowing growth and trade war tensions. The Hustle Alibaba broke its Singles’ Day sales record, selling $30.8B despite its trade-war slump Yesterday, Alibaba sold $30.8B of goods in its 10th annual Singles’ Day, breaking its own record for the highest sales in a […]

Wes Schlagenhauf • November 12, 2018

Alibaba broke its Singles’ Day sales record, selling $30.8B despite its trade-war slump

Yesterday, Alibaba sold $30.8B of goods in its 10th annual Singles’ Day, breaking its own record for the highest sales in a single day. The...
Conor Grant • November 12, 2018

Takeda set to win approval from the EU to acquire Shire

Sources say Japanese drugmaker Takeda Pharmaceutical will likely win EU antitrust approval for its $62B bid for London’s Shire. Once official (it’s scheduled for ruling...
Wes Schlagenhauf • November 12, 2018

Greece’s economy has dried up — and it’s great for saffron sales

Although most economic opportunities in Greece have shriveled in the aftermath of the country’s debt crisis, one financial bright spot has blossomed: the saffron...
Conor Grant • November 12, 2018

Sir David Attenborough leaves the BBC to Netflix and binge

David Attenborough, The 92-year-old naturalist with a knack for Mother Nature play-by-plays, is packing up his voice box and headin’ to Netflix. The iconic commentator...
Wes Schlagenhauf • November 12, 2018

Taking the 'fun' out of 'fungi'

Compass Pathways is hellbent on bringing magic mushrooms to mainstream medicine, but not everyone’s down with that trip. The Hustle Introducing Compass Pathways: the company behind ‘Big Shroom’ Compass Pathways, a controversial British company, is looking to turn psychedelic mushrooms into a pharmaceutical powerhouse and become the first legal provider of psilocybin, AKA the ‘magic’ […]

Wes Schlagenhauf • November 9, 2018

Vice Media tightens its belt, plans to cut staff by 15% 

The alt-media titan’s new CEO, Nancy Dubuc (who replaced Shane Smith in March) ordered a companywide hiring freeze 6 weeks ago — now, The...
Wes Schlagenhauf • November 9, 2018

Netflix’s hackathon only seems like a bad idea

Yesterday, Netflix publicized two of the ‘features’ that came out of its biannual hackathon: facial-recognition that lets users control the app with their tongues...
Conor Grant • November 9, 2018

TripActions raises $154m to make travel easier for employees, cheaper for employers

TripActions, a business travel management startup, raised a $154m Series C at a $1.2B valuation — galloping to unicorn status in less than 3...
Conor Grant • November 9, 2018

Introducing Compass Pathways: the company behind ‘Big Shroom’

Compass Pathways, a controversial British company, is looking to turn psychedelic mushrooms into a pharmaceutical powerhouse and become the first legal provider of psilocybin,...
Wes Schlagenhauf • November 9, 2018

We've got hair, yes we do

Hair product startup Mayvenn looks to give the hair-extensions industry a makeover after it raised $23m. The Hustle Mayvenn raises $23m to give the hair extension industry a new ’do Mayvenn, a startup that sells and affixes hair products, raised $23m to extend its hair care business. By catering to black women, a demographic traditionally […]

Wes Schlagenhauf • November 8, 2018

LL Cool J & Ice Cube might be trying to purchase some local sports TV stations

According to TMZ Sports, lyrical-legends-turned-respected-businessmen LL Cool J and Ice Cube have paired with jewelry tycoon (and billionaire) Carolyn Rafaelian to quietly court …
Wes Schlagenhauf • November 8, 2018

By raising $750m in debt, Musk boldly steers SpaceX toward the financial frontier

SpaceX announced yesterday that it is looking for a partner to give it $750m of another type of rocket fuel: cold, hard cash. After discussing...
Conor Grant • November 8, 2018

What the outcome of the midterms means for tech

The Democrats took the majority in the House of Representatives, and the Senate remained firmly in the hands of the Republicans, which means the...
Wes Schlagenhauf • November 8, 2018

Mayvenn raises $23m to give the hair extension industry a new ’do

Mayvenn, a startup that sells and affixes hair products, raised $23m to extend its hair care business. By catering to black women, a demographic...
Lindsey Quinn • November 8, 2018

The circus is over

Amazon couldn’t decide on whose gift it liked better, so it decided to break it’s HQ2 bid into 2 existing offices. The Hustle New York gets an HQ2, and DC gets an HQ too, because Amazon wants them to After a year of hype, Amazon ended its search for a new HQ this week — […]

Wes Schlagenhauf • November 7, 2018

With hardware out of vogue, Apple goes soft(ware)

Last year, Tim Cook said he hopes to double the company’s “software services” revenue, AKA money made from the App Store, iTunes, and Apple...
Wes Schlagenhauf • November 7, 2018

Why did the Massachusetts-based pizza chain fire 1.1k employees?

Because its parent company took on tens of millions of dollars in debt.  Sounds like a “why did the chicken cross the road?” joke, but...
Wes Schlagenhauf • November 7, 2018

RapidSOS raises $30m with a dream of delivering ambulances as fast as burritos

Thanks to on-demand apps, mozzarella sticks and pre-rolled joints are available for delivery with just a few swipes on a smartphone. But, lifesaving ambulances...
Conor Grant • November 7, 2018

New York gets an HQ2, and DC gets an HQ too, because Amazon wants them to

After a year of hype, Amazon ended its search for a new HQ this week — without choosing a winner. Instead, Amazon announced it...
Conor Grant • November 7, 2018

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