News by The Hustle

Brief

Dating domination: Match is now going steady with ‘classier’ dating app, Hinge

The dating app conglomerate, Match Group, is adding another heavy hitter to its portfolio after acquiring Hinge for an undisclosed amount.

BY Wes Schlagenhauf ON June 22, 2018

Chanel announces $1.79B annual profits, its first such move in 108 years

To dispel potential buyers and assert their financial independence, luxury brand Chanel released its annual sales numbers for the first time ever -- and they looked great.

BY Conor Grant ON June 22, 2018

Accused of sabotage, ex-Tesla employee cries ‘whistleblower’

Tesla, which was already dealing with production and cash flow problems, is now doing some costly damage control thanks to a rogue employee whistleblower.

BY Conor Grant ON June 22, 2018

Supreme court rules in favor of sales tax on e-commerce sites

After 26 years, the Supreme Court has finally overruled a ban on e-commerce sales tax, freeing up states to make tens of billions of dollars more in revenue.

BY Wes Schlagenhauf ON June 22, 2018

Microsoft employees call to end contract with ICE, and got this memo in response

Amid backlash, Microsoft’s CEO sent a memo to employees ensuring that their contract with ICE is in no way contributing to the White House’s border policies.

BY Wes Schlagenhauf ON June 21, 2018

Mickey makes moves to finalize a $71.3B Fox deal just days after Comcast’s offer

Fox accepted a $71.3B offer from Disney, putting an end to the bidding war -- unless Comcast has a quick counteroffer.

BY Wes Schlagenhauf ON June 21, 2018

CLAP BACK: AMC rolls out its own subscription service to compete with MoviePass

AMC announced their new subscription service that will compete directly with MoviePass.

BY Wes Schlagenhauf ON June 21, 2018

The crown Juul of the vape industry is now worth more than $10B

Juul is dominating the e-cig market by taking a page of Big Tobacco’s playbook and appealing to young smokers.

BY Conor Grant ON June 21, 2018

Costco signs on with coating company that makes produce last twice as long

A food-tech startup called Apeel Sciences has introduced its avocados at Costco locations throughout the American Midwest.

BY Wes Schlagenhauf ON June 20, 2018

Shrugging off data privacy concerns, Facebook adds video ads to Messenger

Despite widespread criticism of Facebook after its recent data privacy scandal, the company has managed to rebound fully enough to add MORE ads.

BY Conor Grant ON June 20, 2018

Brex, created by frustrated Y-Combinator alums, offers credit cards to early startups

After struggling to find credit in Y-Combinator, two alums founded a startup called Brex to offer readily accessible credit cards for startups that don’t have cash flow yet.

BY Conor Grant ON June 20, 2018

Jack Dorsey’s Square just got a BitLicense to trade bitcoin

Square has just been approved for a BitLicense allowing the company to enable users in NY to buy and sell the cryptocurrency on their platform.

BY Wes Schlagenhauf ON June 20, 2018