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What Does The Mega Millions and Netflix have in Common? Booming!

As October winds down and pumpkin-everything has flooded your social media feed, I find it is very im
What Does The Mega Millions and Netflix have in Common? Booming!
By Hipsternomics  • Issue #42 • View online
As October winds down and pumpkin-everything has flooded your social media feed, I find it is very important for me during this time of year to spend more time reflecting with my family, closest friends and those who I appreciate most. I hope that you find some time to do the same this last quarter of the year, of course after spending some time with me here. Thank you for reading!

may the odds of the lottery ticket be in your favor.
may the odds of the lottery ticket be in your favor.
Netflix Beats Estimates with New Subscribers
Chart of the week
Avoid that hefty ticket while driving, but more importantly, save a life.
Avoid that hefty ticket while driving, but more importantly, save a life.
Interesting Quick Hits
  • Hasbro suffers from Toys'R'Us bankruptcy as the toys retail & distribution company contributed to a 12 percent drop in Hasbro’s Q3 revenue, being its second largest customer. According to Hasbro CEO, revenue also declined from two of its most important franchises: My Little Pony and Transformers. The company also announced it will be cutting down its workforce.
  • Apple elevates its privacy level with new site that lets you see exactly what data it collects from your all the Apple products you’ve owned, such as calendar entries, photos, reminders, documents, website bookmarks, App Store purchases, etc. Apple is also working to stop the kind of data collection that causes consumers to see ads for products related to their recent purchases or web searches with help of its “Intelligent Tracking Prevention” technology. Visit the site.
  • Who gets rich when your fancy startup IPO’s? Hint: not you, the employee. Startups, which tends to raise millions to run its business, have to pay back its investors and board members, whose equity is protected by high “liquidation preference” which guarantees that they get paid first and at least a certain amount when the company sells. The more money a startup raises, the more worthless your equity package as an employee gets. Meaning, you have zero chances of making any money if the company liquidates.
  • Uber entertains $120 billion IPO proposals from Wall Street which values Uber higher than the market cap of General Motors, Ford, and Fiat Chrysler combined. If Uber does IPO in 2019 at a valuation of $120 billion, First Round Capital, which invested about $1.6 million in Uber’s first two rounds in 2010 and 2011, those shares would be worth more than $5 billion, while Benchmark, whose Uber stake is currently valued at about $8 billion and would be worth about $14 billion, according to WSJ.
  • FICO plans to update its Credit Score factors in 2019 According to WSJ, FICO plans to launch a new scoring system in 2019 that factors in how consumers manage their checking, savings and money-market accounts, to calculate a new UltraFICO Score. Consumer borrowers with at least few hundred dollars in their accounts, have had the accounts for a while, transact frequently and haven’t overdrawn in the prior three months would likely see their scores rise with the new calculation.
  • Weed is officially legal in Canada for recreational use becoming only the 2nd country besides Uruguay to legalize weed for recreational use. Here are some quick facts to know if you plan on visiting the Canada aka the new Amsterdam for the green - like the regulations on where to purchase, where to smoke, etc. PS: edibles are still illegal.
Companies mentioned (YTD): Apple +31%, Eventbrite -30%, General Motors -23%, Ford -33%, Fiat -10%, FICO +36%, Canopy +71%, Netflix +71%, Hasbro +4%
Resources of the Week
  • Interesting read: 21 lessons from billionaire Jeff Bezos annual shareholder letters. Jeff Bezos, the CEO and founder of Amazon, writes an open letter to Amazon’s shareholders which provides a source of insight into how the world’s richest man thinks about customers, innovation, building products, and more.
  • Podcast: How I built this - Tempur-Pedic. This episode is a very interesting interview on how one of the largest mattress company in the US was built. Also, the founder, Bobby Trussell had zero knowledge about mattresses before starting this company, he was a horse-breeder and horse racer.
  • Tools: Free tools and resources for startups or if you are starting or building a new business. From logo design, web hosting, royalty-free stock photos and videos, and more.
This weekend’s brief was written at Alfred Coffee in Koreatown Los Angeles, while listening to a chill Soundcloud mix “The Love Below Hour - Episode 60”. Hope you enjoy the sounds and have a great week ahead!
Thank you for reading through this weekend’s brief! Drop a note to share what articles you found most interesting this week.
Valentine
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