I have a theory that short work weeks feel longer than normal work weeks. Despite this week only being four-days long for many, it was jam-packed with news. Facebook and Twitter took action to prevent the spread of misinformation. A Supreme Court nominee had hearings in the senate. Prime day gave us a preview of what Black Friday will be like in the age of COVID.
As always, we've cut through all the loud news to give you the insights beneath the surface. [insights]
Spending on something. Anything.
- There are no planes and trains during COVID. Just automobiles. People are renting RVs to go on road trips and retreats now that flying is a no-go. Read the full story.
- Amazon Prime day came and went this week, and with it gave us a picture of what's on America's mind - and its wallets. What we found is weird. For some reason people are buying ice machines, Bruce Springsteen posters and a game called "Scary Teacher 3D." Are you all doing ok? Do we need to send someone to check on you? Read the full story.
- Companies often shed debt by declaring bankruptcy. Why can't you do the same with your student loans? Turns out you may soon be able to. Read the full story.
Will the COVID giants remain relevant after the pandemic?
- Of all the industries acellerated by COVID-19, edtech is one of the biggest ones. Online learning platforms geared towards adults like Coursera and Udemy as well as apps focused on kids like Kahoot and Codeverse are growing rapidly. But will they be relevant if/when life returns to normal after the pandemic? We broke down what each company is doing to stay at the top once COVID is a distant memory. Read the full story.
- Rakuten, sometimes called the "Amazon of Japan," announced in May that it will launch a food delivery service ala Grubhub and UberEats. The problem is UberEats has been laying claim to Japanese food delivery for years before Rakuten decided to dip its toes in. Rakuten has a home turf advantage. But is it too late to compete? Read the full story.
Thought leaders... and failures.
- How do you get 60 employees to leave a growing startup worth several billions of dollars? Just ask Coinbase CEO Brian Armstrong, who wrote a memo outlining the company's vision that was met so poorly that a swath of employees left. We break down what happened and why; read the full story.
- Udemy co-founder Gagan Biyani has built a company worth $2 billion, and it's only going up. How did he do it? By failing. A lot. We broke down Biyani's rise, driven by his many falls. Read the full story.
About the Data:
Thinknum tracks companies using the information they post online, jobs, social and web traffic, product sales, and app ratings, and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.