The Hustle's Daily Business News

Catch up on the beloved content we send out in our Sunday edition and join for free to receive the 5-minute newsletter keeping 2M+ innovators in the loop.

Filter News By

We’re in a space race like it’s 1969

Everyone and their mother is trying to get back to the moon these days. Here are the week’s most notable attempts.

Wes Schlagenhauf • December 14, 2017

Target buys same-day delivery startup

Target buys same-day delivery startup, Shipt, for $550m to compete with Amazon in the ecommerce market

Wes Schlagenhauf • December 14, 2017

Girlboss raises $3m to create a VICE-meets-Oprah lovechild

Sophia “Girlboss” Amoruso is back: former CEO and founder of online retailer Nasty Gal raises $3.1m in funding for her new media company, Girlboss.

Lindsey Quinn • December 14, 2017

Saudi Arabia lifts a 35-year ban on movie theaters

Saudi Arabia lifts its 35-year ban on movie theaters as part of the Crown Prince's plan to diversify the country's economy.

Wes Schlagenhauf • December 13, 2017

Old coal mines are being turned into solar farms around the world

In a classic changing of the energy guard, engineers around the world are building solar plants on top of non-active coal mines.

Zachary Crockett • December 13, 2017

Accused of stealing technology, Sprinklr is facing a $50m lawsuit

Portland-based software company Opal is suing Sprinklr for $50m, alleging the social media marketing company stole their technology.

Wes Schlagenhauf • December 13, 2017

Would you pay $1k to go “off the digital grid?”

If you could totally erase your online footprint, would you put your money where your autofill is?

Lindsey Quinn • December 13, 2017

Credit card companies are finally killing receipt signatures

American Express and MasterCard will end requiring customers to sign their receipts next year -- because why did we ever need to in the first place?

Lindsey Quinn • December 12, 2017

Apple IS Shazam

Apple purchases Shazam for a rumored $400m -- a big ol’ discount from their previous $1B valuation.

Wes Schlagenhauf • December 12, 2017

Chaos reigns as bitcoin debuts on Wall Street

Bitcoin futures debuted on a regulated exchange for the first time yesterday; price surges triggered 2 shutdowns in the first 3 hours.

Lindsey Quinn • December 12, 2017

One of tech’s biggest seed investors is a Chinese billionaire you’ve never heard of 

In 3 years, a little-known Chinese billionaire named Shan Xiangshuang has stealthily built the largest seed fund in tech.

Zachary Crockett • December 12, 2017

China is rebranding its rural towns… one sex shop at a time

To boost the local economy, the Chinese government signed a $1.5B contract to turn Yucheng into a “Happy Town” full of sex toy shops and adult-only hotels.

Zachary Crockett • December 11, 2017

Seattle’s “Mini Madoff” escapes prison

Washington native Frederick Darren Berg bamboozled investors out of more than $100m in a Ponzi scheme -- and he just escaped from federal prison.

Wes Schlagenhauf • December 11, 2017

‘Grinch Bots’ are looking to steal Christmas by jacking up toy prices

This year’s most in-demand toys are being held hostage for 162x their list price -- all thanks to some real cyber Scrooges...

Wes Schlagenhauf • December 11, 2017

Whale, whale, whale… The world’s top companies rely on a few big fish

In 2016, 20% of US businesses’ customers accounted for more than half the money brought in by 854 of the 1k largest companies. All thanks to “whales.”

Lindsey Quinn • December 11, 2017

Silicon Valley companies plant models to spice up their lame holiday parties

Tech companies now contracting modeling agencies in record numbers to sprinkle attractive people around their parties to keep them from sucking.

Lindsey Quinn • December 8, 2017

Ya know what else you can buy for $450m? A (potentially) fake DaVinci painting

Saudi Arabia’s Crown Prince Mohammed bin Salman has shelled out $450m, not for a multi-billion dollar tech company, but a painting by Leonardo da Vinci.

Wes Schlagenhauf • December 8, 2017

SoftBank throws down $450m for real estate disruptor

That brings Compass’s total funding to a whopping $775m -- and thanks to their new deep-pocketed business partner, they are now valued at $2.2B.

Wes Schlagenhauf • December 8, 2017

Delivery robots just got bot-blocked in San Francisco

Ground bots are the new battleground for companies looking to automate deliveries of everything from food to marijuana. And San Francisco's not havin' it.

Zachary Crockett • December 8, 2017

PF Chang’s to open in China as an “American bistro”

And if Chinese diners want a culturally accurate dining experience, they can GET OUT.

Lindsey Quinn • December 7, 2017

The eternal optimism of being a tech founder

First Round capital surveyed 869 founders for their annual “State of Startups” report. Chief takeaway? Most entrepreneurs wear rose-colored glasses.

Lindsey Quinn • December 7, 2017

Depeche Mode is selling more concert tickets than some of today’s hottest pop stars

Nearly 40 years after its formation, the ‘80s electronic band from the UK is experiencing an insane comeback.

Zachary Crockett • December 7, 2017

New trade regulations could cost the US “big data” industry $400B

Countries all across the globe are working on a series of new trade agreements that could cause the US to lose hold of its most dominant export: big data.

Wes Schlagenhauf • December 7, 2017

Christmas tree prices are out of control

The price of the average Christmas tree has spiked 125% over the past 3 years -- and we have a familiar culprit to thank...

Zachary Crockett • December 6, 2017

The master has become the student: Apple’s losing its grip on the podcast market

In the past 2 years, Apple’s share of the podcast market has dropped from 70% to 55%.

Lindsey Quinn • December 6, 2017

YouTube’s hiking up its premium ad prices

Instead of policing its platform pro bono, YouTube will “jack up” ad prices on its top-performing channels by as much as 20%.

Wes Schlagenhauf • December 6, 2017

43% of Fortune 500 companies were founded by 1st or 2nd generation immigrants

Study shows that nearly 43% of Fortune 500 companies were founded by an immigrant or children of immigrants -- like Steve Jobs, Jeff Bezos, & Walt Disney

Wes Schlagenhauf • December 6, 2017

Oracle now has a $43m public high school on their campus

Software giant Oracle is finishing its new $43m charter school, Design Tech High School, that will operate "independently" from the company.

Wes Schlagenhauf • December 5, 2017

Everyone’s favorite restaurant chain is getting into plant-based meat

Starting in January, TGI Fridays will add the plant-based “meat” company Beyond Meat’s burger patty substitute to their menu.

Wes Schlagenhauf • December 5, 2017

FB debuts Messenger Kids to kidnap teens from Snapchat

Yesterday, Facebook launched Messenger Kids, a text/video chat app geared towards children 13-and-under.

Lindsey Quinn • December 5, 2017

Join 2M+ professionals getting the Hustle daily news brief

[email-submission-form button-text="Join Free" include-trends-opt-in="true" success-url="" default-source="thehustleco" default-medium="home-exit-popup" default-campaign="home-page" form-id="exit-popup-general" optinmonster-conversion="true" redirect-after-signup=""]
<script type="text/javascript"> var onloadCallback = function() { grecaptcha.render('verify-your-humanity', { 'sitekey' : '6LdddrcZAAAAALyttpvOqiwQGwq5BNhgDz4tMQGE' }); }; function getCookieValue(a) { var b = document.cookie.match('(^|[^;]+)\\s*' + a + '\\s*=\\s*([^;]+)'); return b ? atob(decodeURIComponent(b.pop())) : ''; } function getCookie(name) { var cookieArr = document.cookie.split(";"); for(var i = 0; i < cookieArr.length; i++) { var cookiePair = cookieArr[i].split("="); if(name == cookiePair[0].trim()) { return decodeURIComponent(cookiePair[1]); } } return null; } function setHiddenFieldValue(wrappingDiv, searchParams, className, utmName, cookieName, defaultValue) { var el = wrappingDiv.getElementsByClassName(className)[0]; var existingVal = el.getAttribute('value'); if (utmName == 'ref') { var newVal = searchParams.get(utmName) || getCookie(cookieName); } else { var newVal = searchParams.get(utmName) || getCookieValue(cookieName); } if ((existingVal == null || existingVal == '' || existingVal == defaultValue) && (newVal != null && newVal != '')) { el.setAttribute('value', newVal); } } function setHiddenFieldValueFromUtm( wrappingDiv, searchParams, className, utmName, defaultValue ) { var el = wrappingDiv.getElementsByClassName(className)[0]; if (el != null) { var existingVal = el.getAttribute("value"); var newVal = searchParams.get(utmName); if (newVal != null && newVal != "") { el.setAttribute("value", newVal); } } } function initForm() { var wrappingDivs = document.getElementsByClassName('email-submission');,wrappingDiv => { var sp = new URLSearchParams(; setHiddenFieldValue(wrappingDiv, sp, 'funnel-source', 'utm_source', 'funnel_source', 'thehustleco'); setHiddenFieldValue(wrappingDiv, sp, 'funnel-campaign', 'utm_campaign', 'funnel_campaign', 'home-page'); setHiddenFieldValue(wrappingDiv, sp, 'funnel-medium', 'utm_medium', 'funnel_medium', 'home-exit-popup'); setHiddenFieldValue(wrappingDiv, sp, 'funnel-referral', 'ref', 'funnel_referral', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-a', 'a', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-c', 'c', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-o', 'o', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-oc', 'oc', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-e', 'e', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-f', 'f', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-r', 'r', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-t', 't', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-s1', 's1', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-s2', 's2', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-s3', 's3', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-s4', 's4', ''); setHiddenFieldValueFromUtm(wrappingDiv, sp, 'funnel-s5', 's5', ''); var error_message = getCookieValue('validate-email-message'); if (error_message && error_message.trim() != '') { var error = wrappingDiv.getElementsByClassName('funnel-error')[0]; var prev_email = getCookieValue('funnel_email'); error_message = prev_email + " is not valid. Please try again"; error.innerHTML = error_message; = ''; } }); if (false) { initCaptchaFormV2(); } } function initCaptchaFormV2() { var v3RecaptchaResponseEl = document.getElementById('recaptcha-response-v3'); v3RecaptchaResponseEl.parentNode.removeChild(v3RecaptchaResponseEl); var wrappingDiv = document.getElementById('email-submission'); var subForm = wrappingDiv.getElementsByClassName('email-submission')[0]; var captchaVersion = document.createElement('input'); captchaVersion.class = 'g-recaptcha hidden-input'; captchaVersion.type = 'hidden'; = 'g-recaptcha-response-v2'; captchaVersion.value = 'true'; subForm.appendChild(captchaVersion); var captchaEl = document.createElement('div'); = 'verify-your-humanity'; subForm.prepend(captchaEl); var captchaApiScriptEl = document.createElement('script'); captchaApiScriptEl.src = ''; captchaApiScriptEl.async = true; captchaApiScriptEl.defer = true; document.head.appendChild(captchaApiScriptEl); } function appendCheckboxes_email_submission() { var wrappingDiv = document.getElementById('email-submission'); var optInDivs = wrappingDiv.querySelectorAll('.trends-opt-in'); optInDivs.forEach(el => { = null; if (el.getElementsByClassName('trends-opt-in-checkbox').length < 1) { var checkbox = document.createElement('input'); checkbox.setAttribute('id', 'trends_opt_in_email_submission'); checkbox.setAttribute('class', 'trends-opt-in-checkbox'); checkbox.setAttribute('type', 'checkbox'); checkbox.setAttribute('name', 'trends_opt_in'); var label = document.createElement('label'); label.setAttribute('for', 'trends_opt_in_email_submission'); label.setAttribute('class', 'trends-opt-in-text'); label.textContent = "Yes, I'd like to receive additional emails on hot business opportunities from Trends, by the Hustle"; el.appendChild(checkbox); el.appendChild(label);; } }) } window.addEventListener('DOMContentLoaded', (event) => { initForm(); if (true) { appendCheckboxes_email_submission(); } }); </script> <div class="email-signup" id=email-submission> <div class="funnel-error" style="display:none;"></div> <form class="email-submission " id="exit-popup-general" action="" method="post" autocomplete="email"> <div class="email-form-wrap"> <input class="funnel-source hidden-input" type="hidden" name="source" value="thehustleco"> <input class="funnel-campaign hidden-input" type="hidden" name="campaign" value="home-page"> <input class="funnel-medium hidden-input" type="hidden" name="medium" value="home-exit-popup"> <input class="funnel-form-id hidden-input" type="hidden" name="form-id" value="exit-popup-general"> <input class="funnel-referral hidden-input" type="hidden" name="referral_code"> <input class="funnel-fail-url hidden-input" type="hidden" name="fail_url" value=""> <input class="funnel-a hidden-input" type="hidden" name="a" value=""> <input class="funnel-c hidden-input" type="hidden" name="c" value=""> <input class="funnel-o hidden-input" type="hidden" name="o" value=""> <input class="funnel-oc hidden-input" type="hidden" name="oc" value=""> <input class="funnel-e hidden-input" type="hidden" name="e" value=""> <input class="funnel-f hidden-input" type="hidden" name="f" value=""> <input class="funnel-r hidden-input" type="hidden" name="r" value=""> <input class="funnel-t hidden-input" type="hidden" name="t" value=""> <input class="funnel-s1 hidden-input" type="hidden" name="s1" value=""> <input class="funnel-s2 hidden-input" type="hidden" name="s2" value=""> <input class="funnel-s3 hidden-input" type="hidden" name="s3" value=""> <input class="funnel-s4 hidden-input" type="hidden" name="s4" value=""> <input class="funnel-s5 hidden-input" type="hidden" name="s5" value=""> <input class="funnel-success-url hidden-input" type="hidden" name="success_url" value=""> <input id="recaptcha-response-v3" class="g-recaptcha hidden-input" type="hidden" name="g-recaptcha-response" value=""> <div class="signup-icon" style="display:none;"> <svg width="24" viewBox="0 0 24 24" fill="none" xmlns=""><path d="M22 6c0-1.1-.9-2-2-2H4c-1.1 0-2 .9-2 2v12c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6Zm-2 0-8 5-8-5h16Zm0 12H4V8l8 5 8-5v10Z" fill="#848B92"></path></svg> </div> <input class="signup-email" type="email" name="email" placeholder="Your email address" required autocomplete="email"> <input class="email-submit om-trigger-conversion" type="submit" value="Join Free"> </div> <div class="validate-mistake-emails-message" style="display:none;"></div> <div class="trends-opt-in" style="display:none;"></div> <div submit-success> <template type="amp-mustache"> <p class="c-message c-message--success">Thank you for subscribing.</p> </template> </div> <div submit-error> <template type="amp-mustache"> <p class="c-message c-message--failed">Your submission failed. Please try again!</p> </template> </div> </form> </div>