Will's Weekly Roundup

June 19th - June 25th

Will's Weekly Roundup is a curated list of tech, business, and startup headlines from last week to kickstart your Mondays.

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Business

The business headlines you missed (or need to see again)...

Dining Out Is Back - Dining out made up 53.7% of US food spending in 2022. LINK

Tesla Wins EV Chargers In Texas - Tesla wins as Texas requires state-backed charging stations to include its plug. LINK

Apple Tries To Trademark Actual Apples - Apple, the tech company, is trying to trademark depictions of actual apples. Specifically, the company has filed to own the IP rights of the visual imagery of granny smith apples. LINK

Overstock Will Buy The IP Of Bed Bath & Beyond - Overstock.com will buy Bed Bath & Beyond’s IP and digital assets for $21.5 million. LINK

Venezuela Suffers Lasting Effects Of Crypto Mining Ban - Venezuela’s temporary ban on crypto mining is having long-lasting effects on the country’s crypto industry. LINK

Uber Lays Off Recruiters - Uber is laying off 200 recruiters which represent 35% of its recruiting team but just 1% total staff. LINK

Buffett Donates More To Charity - Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting his total giving since 2006 to more than $51 billion. LINK

Shorting US Stocks Is Currently Popular - Short bets on US stocks hit $1T, the most since April 2022. LINK

More US Imports From South Korea - For the first time in almost 20 years, the US imported more goods from South Korea than China did. LINK

Amazon Sued Over Manipulative Tactics - The Federal Trade Commission (FTC) sued Amazon over ‘manipulative’ tactics to enroll users in Prime. LINK

Hyundai Might Join Tesla Charging Network - Hyundai is considering adopting Tesla’s North American Charging Standard for its electric vehicles. LINK

Robinhood Acquires Credit Card Startup - Robinhood acquired credit card startup X1 for $95M. LINK

FTX Tries To Get Money Back - FTX is looking to claw back over $700 million from billionaires, celebrities, and politicians. LINK

Beehiiv Raises Money - Beehiiv, the platform for writing, monetizing, and distributing newsletters that I use raised $12.5 million to expand its product, bring on more writers and build out its revenues. LINK

Tech

The tech headlines you missed (or need to see again)...

Steve Jobs Predicted Vision Pro Headset - Here’s a video of Steve Jobs in 2007 pointing out that we have headphones for sound but no equivalent for screens. Now see the Vision Pro. LINK

Cultivated Meat Approved To Sell In US - U.S. regulators met another alternative protein milestone Wednesday when they approved both Upside Foods and Good Meat to sell their cultivated chicken products within the country. LINK

AWS Bets On Generative AI - Amazon Web Services is investing $100 million in a generative AI center to keep up with Microsoft and Google. LINK

Watchlist

Startups and companies I’m keeping an eye on…

Yendo - Yendo is a credit card secured by the value of your car and not your credit score. LINK

Sollis Health - Sollis Health is a 24/7 doctor, private urgent care, and concierge service rolled into one. LINK

Cava - Cava is a Mediterranean fast-casual restaurant whose IPO last week was such a hit that it now has a market cap close to $5B, making it more valuable than Wendy's, Shake Shack, or Papa Johns. LINK

Outside Interests

Interesting internet finds…

Musk And Zuckerberg Might Cage Fight - Elon Musk and Mark Zuckerberg have agreed to a cage match. LINK

Advice From A 71-Year-Old - Here are the 22 ‘most useful’ life lessons for young people from a 71-year-old. LINK

The Good And The Bad of Presidential Candidate RFK Jr. - What presidential candidate RFK Jr. gets right—and what he gets wrong. Here’s the article. LINK

Why We Spend More On Mother’s Day Than Father’s Day - Some studies suggest that people spend less on Father’s Day gifts than Mother’s Day, likely due to "the powerful biological and even cultural links that children feel to their mothers." LINK

Bumble Tests App For Finding Friends - Bumble is testing a separate BFF app for finding friends. LINK

YouTube Fun Fact - 55% of GenZ (ages 11-26) watch content on Youtube that no one they know is personally interested in. LINK

Visuals

Three visuals worth taking a look at...

The New York Times has transitioned from an advertising-led to a subscription business.

DoorDash and UberEats are pushing GrubHub out of the restaurant delivery industry.

Spotify's premium subscribers drive almost all of its gross profit.

Wisdom

Two quotes of wisdom...

"Say what needs to be said. Do what needs to be done. You'll die when you're dead, so live while you're living." ― Maya Angelou

"Embrace creativity and do not care about the results. It’s better to be a beginner until the end of life than waiting forever to be perfect." ― Elizabeth Gilbert

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