Fortnite acquires Houseparty, Restoration Hardwareâs rebel upscale strategy, and our âUnsexy Industry of the Dayâ is Crowdstrikeâs IPO
Restoration Hardware (aka RH) surged 20% after its earnings for its new magazine strategy (the opposite of everyone else). Gaming legend Fortnite acquires Houseparty in a move that may redefine the fu...
13 Juni 201914min
Mary Meekerâs epic âInternet Trends Reportâ, Grubhub jumps after Amazon Restaurants ends, and Brex hits $2.6B as our âUnicorn of the Dayâ
Mary Meeker dropped her annual 333-slide Internet Trends Report, so we pulled out 3 keys for you. Grubhub shares jumped 8% on word Amazon is ending its restaurant delivery service. And our âUnicorn of...
12 Juni 201914min
âWork From Homeâ is our Trend of the Day, and Mega Merger Monday happened -- Salesforce, Tableau, Raytheon, United Tech
Suddenly, it happened. Mega Merger Monday. Salesforce acquired Tableau to create the corporate starter kit of software, while Raytheon merged with United Technology to become the #2 player in the defe...
11 Juni 201916min
Revolveâs Instagram/fashion IPO, JetBlack concierge takes on Amazon Prime, and Germanyâs Aldi fires up the US grocery wars
The pioneer of social media influencer marketing, Revolve shares surged to become the 2nd best public offering stock performance of 2019 so far. JetBlack is the text-based online concierge club that j...
10 Juni 201917min
Beyond Meat surges after 1st earnings, Cronos cannabisâ 10% surge, and Barnes & Noble is about to be bought
In its first earnings report since its IPO, Beyond Meat surged as it defends its first-mover advantage. Canadian cannabis icon Cronos is pivoting its CBD efforts to the US. And Barnes & Noble jumped o...
7 Juni 201917min
Jack Danielâs $125M tariff bill, Birdâs new scooter targets âTHICs,â and GameStopâs 36% plummet
Liquor legend Brown Forman just revealed that fresh tariffs from the EU on American whiskey is costing the Jack Daniels owner $125M per year. Scooter pioneer Bird has a new bike option thatâs blatantl...
6 Juni 201915min
Spotifyâs new app, Mirror is our âPre-Unicorn of the Day,â and why markets jumped so much Tuesday
Wall Street just had its best day since January, so we explain why (itâs all about The Fedâs focus on something sexy). Spotify whipped up a new app to fix a problem and also take down radio. And fitne...
5 Juni 201917min
Regulators hit the Mt. Rushmore of tech, Appleâs WWDC, and the biggest private real estate transaction ever (=$18.7B)
Shares of Google and Facebook both fell over 6% on word US regulators have coordinated to take them on. Meanwhile, Appleâs big Worldwide Developers Conference unveiled fresh new iThings. And then priv...
4 Juni 201917min
