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Amazon is bringing the internet to India.
[The Hustle]( Mon, Apr 23
Brought to you by [Felix Gray]( Rx lenses meet blue light filters.
âFinally, an app that lets rural Indians browse the Amazon -- I mean the internetâ
Amazon silently [released]( an app called âInternetâ to help Indian consumers stay âup-to-date with news, cricket and entertainmentâ using a âliteâ browser (2MB vs. 21MB).
Much like Facebookâs âInternet.org,â Amazonâs âInternetâ app promises to improve rural usersâ access to the web -- while expanding Amazonâs access to rural users.
Rural India is a huge, untapped -- and competitive -- market
Amazon and Walmart are [fighting]( a tug-of-war battle to acquire Flipkart, Indiaâs biggest e-commerce company. But while Indiaâs 391m web-surfers are the most numerous than any country but China -- they still make up less than 30% of the population.Â
So Amazonâs plans to increase the percentage of Indians online may help old guys watch cricket -- but mostly theyâll help Amazon sell more yoga mats and toasters than Walmart.
Internet altruism -- a classic way to colonize a market
Indiaâs huge, upwardly mobile population is a classic âemerging marketâ -- AKA, the first stop on the global tour for big companies that have squeezed all the data and dollars out of their home markets.
But, while growing companies in any industry can barge into emerging markets to poach new customers, big tech companies (whose products are built around internet access) are among the few that can claim that theyâre accomplishing a social mission by doing so.
The price of global connectivity? A lilâ conflict of interest
Letâs be clear -- bringing the internet to people who donât have it is a good thing. But when internet is distributed, monitored, and branded by a single for-profit private company, there is both a conflict of interest and a violation of net neutrality.
But hey, whatâs a violation compared to global connectivity? Google [operates]( space balloons to âextend connectivity to... rural areas worldwide.â Facebookâs Internet.org brings âconnectivity to the portion of the world that doesnât have [it]â -- in 63 [countries](.
One country where Internet.org internet is not available? India -- where telecom regulators [decided]( it didnât meet standards for ânon-discriminatory access.âÂ
But where Facebookâs loud Internet.org failed, Amazonâs quiet Internet app might have a shot...
In it for the cricket
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Wells Fargo slapped with $1B fine for more customer abuse
Well, wouldja look at that: Everyoneâs favorite big, shady bank is being fined [$1B]( for selling unnecessary products to customers for years.
The settlement aims to punish Wells Fargo for forcing customers to purchase auto insurance policies they didnât need while charging others for missing mortgage payment deadlines to ensure certain interest rates.
How do they keep getting away with this sh*t?
Wells Fargo has been under intense federal scrutiny since admitting in 2016 that it had opened millions of fake accounts that customers didnât want since [2005]( -- resulting in a $185m fine.
But even then, these guys were no strangers to controversy: Since 2012, theyâve been hit with a bevy of student loan [lawsuits]( a mortgage fraud fine ([$1.2B]( and a fine for mortgage bias against black and Hispanic borrowers ([$175m](.
Now, at $1B, this most recent fine is among the largest ever levied by either the Consumer Financial Protection Bureau or the Office of the Comptroller of the Currency.
Bad dudes, still no sweat to be had
While the Federal Reserve did just lay down an unprecedented hammer to stifle the company from future expansion, the bank is going virtually unpunished yet again.
With more than $1T in assets, and their last quarter earnings of nearly [$6B]( a billion dollars is merely another drop in the bucket for the banking giant.
[Far from scared straight](
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Electric scooter startup wants to make it legal to ride scooters on the sidewalk
Itâs been a little over[three weeks]( since Bird, LimeBike, and Spin unleashed hundreds of adult scooters on the city of San Francisco, and already the SF scooter frenzy is underway.
But, a week later authorities started impounding them, and on April 16, the San Francisco city attorney sent a [cease-and-desist order]( to all three companies, demanding they stop operations, and take stronger measures to keep riders off of the sidewalks.
But, instead of collaborating, Birdâs founder aims to bypass
The company founded by former Uber and Lyft executive Travis VanderZanden, is pushing[legislation]( that would answer the cityâs concerns by⦠not answering them at all.
His plan: convince them to see it his way by making it legal to ride electric scooters on sidewalks.
The bill aims to define âstand up electric scootersâ as a vehicle powered by electric motors of less than 750 watts, with a speed cap of 20 mph (Birdâs scooters max out at 15 mph).
Straight from Uberâs playbook
The bill also states that only the âminor operatorâ of a scooter would be required to wear a helmet, meaning adults could stay fresh while vibing at a hard 13 mph on the ped-crowded sidewalks.
As Quartz notes, Uber -- where VanderZanden cut his teeth -- was the king of pushing through laws that sidestep the early sanctions placed on them, which is arguably pertinent to creating rules for a fresh industry, and theyâve turned out ok.
[Hit some sick jumps](
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Cosmetic surgery social platform raises $40m to help people âwork on themselvesâ
Ironically titled online community [RealSelf]( just [raised $40m]( to help people learn about cosmetic procedures like plastic surgery and Botox.
As more and more people go under the knife, the platform encourages users to anonymously post before and after pictures of their procedures, ask each other questions, and write reviews of doctors and procedures.
Is there a need for this?
Well, given that thereâs an entire [TV series]( devoted solely to peopleâs plastic surgery horror stories, a little open discourse could probably go a long way.
As [TechCrunch points out]( people have historically been hesitant to talk openly about getting work done -- but, as a result, shady doctors have taken advantage of peopleâs ignorance and profited off the lack of transparency.
And plastic surgery is only getting more popular
According to the American Society of Plastic Surgeons, last year nearly [18m cosmetic procedures]( were performed in the US alone, and Americans spent over [$16B on nips nâ tucks]( in 2016.
For its part, the platform has seen a 270% increase in web traffic in the past 5 years to hit 94m global visitors in 2017 -- all in pursuit of their âreal selves.â
[Maybe theyâre born with it, maybe itâs surgery.](
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monday morning review
The Hustle turned 2
Last week, we celebrated the 2 year anniversary of The Hustle email newsletter.
A lot has changed in the past 730 days â I mean, just look at [one of the first test emails]( we sent out on April 11, 2016:
SpaceX just landed a Falcon 9 rocket, Blackberry announced theyâre trying to make BBM a thing again, Bezos released his annual shareholder letter, and we were doing our darndest to sling Hustle Con tickets ([on sale now](.
Wait a minuteâ¦
Guess some things never change
And as far as Iâm concerned, thatâs fantastic.Â
For example, Sam and I have always been inspired by our love of music: We started The Hustle as a couple of kids trying to make some organized noise that other people might like.Â
We did it our way and that was the only thing that mattered. It wasnât about selling out stadiums or making platinum records or keeping our parents happy with responsible life choices (hi mom and dad).
That spirit still exists today and couldnât be stronger. Sure, weâve added more talented musicians and put out some experimental albums, but the core is the same.
From the bottom of our hearts, thank you for coming along this journey with us. No one knows where this roadâs gonna lead us over the next 2 years but chances are Jeff Beezy will come out with another shareholder letter, Musk will keep doing his thing, and weâll keep doing ours.
-- John Havel, Director of Nostalgic Reflection
This edition of The Hustle was brought to you by
Optometrists: âWhich is better: 1 or 2?â
Me: âI donât know, man, I just need an upgrade from my scratched up glasses that Iâve had since college.âÂ
Thatâs me at the eye doctor, not digginâ their expensive frames, nor the creepy clerk pushing that 2 for 1 deal.Â
If youâre like me, getting glasses is a freakinâ pain in the cones nâ rods.Â
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Plug those in, pick from Felix Grayâs [slick lookinâ frames]( and Wham! Austin can see again.Â
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Check âem out. 30-day hassle-free returns + exchanges = [headache free ordering](.
- Austin, Hustle Sales Guy and Clark Kent without the ripped abs.
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