The mattress company’s stock offering will be a telling sign of what’s to come for other unprofitable startups.
Scott AustinMore great insight from @eliotwb on the sometimes misguided approach by Silicon Valley to portray any rapidly growing, consumer-oriented business as innovative tech. This time: mattresses.
Over the past year, that breakneck pace of global growth—which has enabled users in more than 200 cities across the world to rent a scooter for a few hours and pay with their phones—has caught up with these companies.
Apple procurement executive Tony Blevins’s job is to stare down suppliers and slash prices to the bone. It’s a role increasingly vital to Apple as its iPhone sales slow and the company protects its high-margins and status as an operations juggernaut.
Scott AustinThe Athletic's subs business looks impressive after 4 years...
*Projects reaching 1M subs in 2020 (currently $10/month or $36/yr)
*Question is churn. CEO claims 80% of subs stay after 1 year
*Good "lifetime value" bc people stick with their teams for life
In an effort to give drivers more autonomy in response to California’s new gig-economy law, Uber is letting drivers at airports in Santa Barbara, Palm Springs and Sacramento charge up to five times the fare Uber sets.
Spotify Technology SA is in talks to buy sports and pop-culture outlet the Ringer, a deal that would bring the audiostreaming giant into broader digital media and add a network of content including “The Bill Simmons Podcast.”
The company faces a question likely to consume the tech industry: How much responsibility should it assume for safety problems on its site? It has taken some recent steps, but former employees say more stringent measures were overruled.
WeWork needs leadership not tied to Neumann and soiled by being a part of his team’s ill-fated maneuvers. Coincidentally, T-Mobile’s inspiring CEO John Legere may soon be all dressed and ready for the spot as the T-Mobile-Sprint merger closes.
Netflix, the current heavyweight, is in for a fight as Disney, Apple, AT&T and Comcast enter the ring this year and next.
Scott AustinNew WSJ/Harris poll: Americans are willing to spend an average of $44 monthly on streaming video and subscribe to an average of 3.6 services.
That’s up roughly $14 from what most people pay now.
Read WSJ’s guide (no paywall this weekend!)
Security researchers agree that for most people, adding text-message authentication is a big step up from only using a password. But that can leave you open to a harmful, relatively new attack called SIM swapping.