The Hustle's Daily Business News

Before today, Camden County, Georgia (population: 52k) was best known as the childhood home of Jay, our growth marketing guru. But the sleepy region is now also the site of a recently proposed commercial spaceport that could soon play a key role in launching the rockets of a growing number of privatized aerospace companies. Not […]

Turns out a good sauna sweat has similar heart benefits to exercise. Here's the good and bad science-backed news about your favorite Finnish heat therapy.

There's a new trend of highly-optimizable YouTube videos aimed at tricking kids into thinking it is something that it’s definitely not.

The desperate courting efforts made by cities across the US and Canada to land Amazon’s new headquarters have gone from charming to straight-up bribery.

The Kochs claim their $650m Time investment is just a “moneymaker," but skeptics bet they’ll use it as more of a “policymaker.”

From Musk's $50m bet to a major Macy's malfunction, we're comin’ at you hot with the headlines you missed while you were sleeping off the stuffing.

Yesterday, Federal Communications Commission chairman Ajit Pai officially announced his intention to repeal existing net neutrality rules.

Between soggy TP, bathroom stall graffiti, and that “universal bathroom odor” permeating the pores of commuters everywhere, the one thing we as humans can all agree on is how horrendously sh*tty public restrooms are. On Sunday, in celebration of World Toilet Day (yeah, what?), China released a platform to help tourists and citizens alike find […]

WeWork is leading an investment round in a high-end coworking space called The Wing. Its catch: no boys allowed. And other companies are following suit.

Dara K. fired Uber's chief security officer after learning the company had bribed hackers $100k to cover up a massive data breach for over a year.

November’s been a wild ride in the world of publishing, with seemingly no brand spared from the wrath of fickle readers and falling ad revenue.  Programmatic advertising just ain’t what it used to be. And with an increasing cut of digital ad dollars going to platforms like Google and Facebook, if there’s one thing to […]

Tencent is the first Asian company ever to cross a $500B valuation, despite being relatively unknown in the Western hemisphere. But, a little nudge was all it took: yesterday their shares jumped 4.1% on the Hong Kong Stock Exchange, bumping their valuation to about $510B and into the circles of tech royalty. Movin’ on up […]

When Amazon makes a move, you better believe Alibaba is watching — and their $14B acquisition of Whole Foods this summer is no exception. Ma and The Gang continue their supermarket sweep, purchasing 36% of Sun Art Retail Group, a grocer that controls 400 “hypermarts” across the country — and an 8.2% stake in the […]

SoulCycle co-founder Julie Rice just fired up that motivational dance mix, and she’s spinnin’ on over to WeWork as their chief brand officer. After leaving SoulCycle in 2016, Rice will focus on promoting community at the office-leasing powerhouse, an initiative she’s been super effective at in the past. Sounds like a match made in heaven […]

The rainy city has just posted a record high for income inequality that rivals their tech-domination counterpart, San Francisco. Seattle is home to some of the world’s most famed billionaires (a la Bill Gates and Jeff Bezos), and according to the Seattle Times, the top 20% of income earners in Seattle made up 53% of […]

The personalized shopping subscription service hit the NASDAQ on Friday after raising $120m in its IPO, becoming the first female-founded internet company to go public this year. In fact, this IPO marks the first time a female founder-CEO has taken a consumer internet company public since Care.com went on the market almost 4 years ago. […]

Tossing the ol’ pigskin is a big ol’ business for top universities: ticket sales, media rights, branding, video game licensing, and other revenue streams add up to hundreds of millions of dollars per year at certain programs. Given this, how much would players be worth if they were permitted to receive compensation like NFL athletes? […]

Last week, Facebook announced the upcoming launch of its new Facebook Creator app, designed to assist social media influencers in creating content and reaching a bigger following. It’s Zuck and team’s latest effort to lure creators away from YouTube and onto their own increasingly video-centric platform. The app itself isn’t that big of a deal […]

The hotelier of the future is movin’ on up — but not without a fair share of controversy. This week, the company pumped out 2 big wins and one potentially big loss. Here’s the latest. Win: They doubled their revenue   The cool-kid of home renting companies is continuing their profitability: at $1B, their Q3 […]

Earlier this year, Amazon started charging tax on goods from its own inventory in all 45 states that have sales tax. Goods sold by third-party sellers, which make up half of Amazon’s platform, are still largely tax-free — but that could all change soon: under mounting pressure from legislators, many of these merchants are expected […]

Volkswagen Group has announced that it intends to launch 15 “new energy vehicles” in China by 2020. The decision, which will also include an $11.8B investment in EV technologies, comes as China edges toward a more environment-friendly future. Get your diesel out of here VW’s been on the wrong side of the news the past […]

Sanitation facilities in India are super bad. And because of that, there’s a $62B market for global and local companies to help fix the problem. According to the Toilet Board Coalition (a global consortium of companies, investors, and sanitation experts), the aim is to hire companies to help develop market-based fixes to help India end […]

The former Google/Uber exec notoriously known for self-driving cars says he is dead-serious about starting a groundbreaking religion in the Bay Area — the deity of which will be highly advanced artificial intelligence. Levandowski says the new religion, “Way of the Future,” will focus on “the realization, acceptance, and worship of a Godhead based on […]

Yesterday, the cloud-based email delivery service made its New York Stock Exchange debut, raising $131m in its IPO. The company’s success exceeded Wall Street’s expectations, outpacing projections of both share volume (8.2m) and price ($16) — and their shares debuted at 16% above the IPO price. A SendGrid refresher SendGrid was founded in 2009 with […]

The project-funding platform is releasing their first new product since they launched in 2009: Drip. Similar to the newly successful artist-friendly platform, Patreon, Drip allows creators to connect with backers by allowing them to make recurring payments to their favorite creators as opposed to a specific project. Or as the company explains it, “Kickstarter is […]

The world’s raunchiest card game has purchased a plot of vacant land along the Mexico-US border and has hired an eminent domain lawyer to make it “as time-consuming and expensive as possible” for the Trump administration to build its proposed wall. To fund their effort, CAH offered a package of “six surprises” for $15 — […]

Yesterday, the International Energy Agency released a 763-page whopper report detailing the meteoric rise of the United States’ oil and gas industry. Once an “energy-dependant importer,” the US is now among the world’s most prolific oil and gas producers — and within the next few decades, it is expected to churn out more energy resources […]

Last month, private equity firm Roark Capital reportedly offered Buffalo Wild Wings an unsolicited, all-cash bid that would value the company at $2.3B. The hot wings chain, which boasts 1,237 locations in the US, has floundered in the past few years but has shown some glimmerings of promise — and it’s just the type of […]

The streaming video company has released some hard numbers showing that people have moved on from only watching Netflix in the privacy of their own homes. After studying user habits and how they have changed, Netflix found 67% of Americans now watch Netflix in public.  And that includes… public toilets The data, sourced from over […]

The good ol’ Depot claims that their same-store sales boosted an extra $282m due to hurricane recovery efforts, earning them a total of $25.03B in the third quarter. They reportedly sold “millions” in plywood, generators, and various other tools — and according to a Home Depot earnings press release, the gargantuan construction efforts across the […]