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[TODAY'S DEAL: Honestly, you should get this book](mailto:editor@investmentnewsweb.com?subject=Give+me+my+top+stocks+for+2020&body=Give+me+my+top+stocks+for+2020)
Todays Top News
[Patrick Mahomes And Ben Simmons Bet Millions]
Patrick Mahomes And Ben Simmons Bet Millions
Influencers may be the laughing stock of marketing, but when they can bring your company $47.8 million, they arenât so funny.
Hyperice makes medical devices specifically for professional athletes and fitness enthusiasts to help recover after heavy workouts, games, triathlons⦠hell, even the Olympics.
Now, the amount of revenue the company has generated from influencers is yet to be seen, but that $47.8 million in backing has come from some of the biggest names in sports. Seth Curry, Ben Simmons, Naomi Osaka, Patrick Mahomes, Jarvis Landry, Russell Westbrook, and a bunch of other names you probably donât know put their dollars to bat.
That brings Hypericeâs valuation up to $700 million, with other investment coming from 32 Equity, who does investments for the NFLâs 32 Member Clubs and even the NBA. Yes, the NBA.
Off to a good start, huh? Theyâve also just signed some partnership deals to be the official recovery technology partner with UFC leagues and the NBA. Already, Naomi Osaka, tennis superstar, swears by it. Hopefully these big names will talk as much as they invest to get Hyperice tons of sales.
Do you believe in all the athletic and fitness recovery tech thatâs come out these days? Hit reply and let us know.
Investing
[Coinbase Employees Are Scrambling]
Coinbase Employees Are Scrambling
Coinbase CEO Brian Armstrong sent out a memo last week that has sent employees flying. The memo made everyone aware of a new policy that wonât allow politics or social activism within the office.
Even worse, he posted this to Medium, the online publishing platform. So far, 5% of employees are leaving with a severance, but more are in talks to leave. They only have one week to decide if theyâre staying or getting out of the new âapolitical cultureâ Armstrong is creating.
âItâs been a nightmare,â says a former employee, while others are feeling the pressure to decide in a week. We are in a pandemic that makes job hunting less than desirable, after allâ¦
This is just months after their entire engineering team had a virtual walkout after the CEO refused to say, âBlack Lives Matterâ during a company wide meeting. Armstrong made it a point to mention that the majority of people choosing to leave arenât minority groups.
Remember last year when they decided to remove signs on their office bathrooms to promote trans inclusivity? But now he wants no activism. Hmm.
What do you think about this âno activismâ policy? Are you for it or against? Hit reply and let us know.
Don't Miss This
[Inspiring A New Generation Of Laziness]
Inspiring A New Generation Of Laziness
Do you ever have the problem of a convenience store not being so convenient? Or, letâs be honest, no one wants to get up in the middle of the game to grab an essential. GoPuff is the creation of Yakir Gola and Rafael Ilishayev, co-CEOâs and co-founders, who wanted to make the âgo-to platform for over-the-counter medicine or household products or baby food or ice cream or even alcoholâ¦â
Okay, we get it.
Their key selling point is delivering in thirty minutes or less, 24 hours a day, seven days a week. They have 200 micro-fulfillment centers that somehow makes that possible.
GoPuff is taking a different approach than a lot of startups we see who wait until they have a sustainable amount of growth undertow before expanding. GoPuff is already in 500 US cities (even though no one really yet knows who they are).
I guess having $1.35 billion in total founding kinda helps.
You might be wondering why now, when thereâs already convenient stores available on delivery apps like UberEats and Postmates. Well, GoPuff was created in 2013, so theyâve been working at this before that was an option.
Again, even though they arenât well known, GoPuff now has ex-Loweâs, ex-Uber, and ex-TripAdvisor C-suite executives on their team. AKA they know how to make big sh*t happen.
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