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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.
Are robots the answer to the agricultural job shortage?
Agriculture is embracing new algorithm-driven harvesting technologies with robotic arms.
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
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.
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.
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.
Chinese imports are flooding South Korea’s kimchi market
South Korean kimchi producers are having trouble competing with China’s rock-bottom prices.
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.
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?
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.
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.
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...
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.
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
Winners and losers of Facebook’s Feed
Last week, Mark Zuckerberg announced a major revamp of Facebook’s News Feed algorithm to prioritize content shared by friends and family, and demote branded posts from publishers and businesses. It seems that after pushing Facebook as a source of trending news, Dr. Zuckenstein is horrified by his own creation. And, after a year of trying […]
British contracting giant, Carillion, collapses
Yesterday, in the face of costly contract delays and a recent drought in new business, British construction giant Carillion went belly up. Analysts have dubbed it Britain’s “biggest corporate failure” in a decade. The 200-year-old company employed 43k people globally (20k in the UK alone), and has reportedly been “fighting for survival” since July, drowning […]
10% of Amazon employees in Ohio are on food stamps
A new report from nonprofit group Policy Matters Ohio has found that some 700 Amazon employees in Ohio (about 10% of the company’s entire workforce in the state) receive assistance from the Supplemental Nutrition Assistance Program. Why are employees at one of the most powerful companies of the century still struggling to get by? At […]
Ford doubles its electric car investment to catch up with the competition
On Sunday, Ford said they plan to jump-start their electric vehicle spending, promising to shell out $11B, and have 40 electric vehicles in their lineup by 2022. It’s a massive increase from the $4.5B investment the company announced back in 2015, but with crosstown rival GM shooting to have 20 new electric vehicles by 2023, […]
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