PLUS: Appleâs new $1B+ office.. April 27, 2021
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[The Hustle]( GameStop CEO George Sherman will leave the retailer with a pay package worth $160m+. This is the corporate equivalent of doing 0 work on a school project and still getting an A+. The big idea
[food gif]( Food is having a moment right now If thereâs one thing we can all agree on, itâs that food is a darn good thing. So it comes as welcome news that recent weeks have seen a smorgasbord of food developments... ⦠Including some delicious new tech: - Bear Robotics announced a [partnership]( with the NBAâs Houston Rockets to serve drinks and snacks to fans with the Servi bot (how creative)
- Amazon plans to introduce [pay-with-your-palm]( service at a Whole Foods in Seattle
- Dominoâs recently announced [driverless]( pizza deliveries in Houston through a partnership with Nuro
- Hazel Technologies [raised $70m]( to keep harvested produce fresh for 3x longer with tiny, antifungal vapor-releasing packets for commercial food boxes Startups around the world are kneading dough, too The pandemic has offered the perfect recipe for scaling food platforms to raise money and expand operations: - Belgiumâs Deliverect raised [$65m]( for its ordering platform that serviced 30m orders in 2020, up ~750% YoY
- Indiaâs Swiggy raised [$800m]( at a $5B valuation for its delivery platform
- Spainâs Glovo grabbed [$528m]( to help offer its 10m customers deliveries in 10-15 minutes
- Norwayâs Kolonial bagged [$265m]( and now controls ~70% of the countryâs online grocery delivery market But sometimes âfoodâ doesnât really mean food - Reeseâs just [announced]( a partnership with HipDot Cosmetics for a peanut butter cup-inspired makeup line.
- Busch Beer is offering $20k to fetch a new âchief tasting officerâ for its Dog Brew bone broth âbeerâ (for dogs, to be clear) that quickly sold out last year.
- Pepsi is bringing Pepsi Blue back to shelves this summer. Like it or not, weâre into [weird drinks]( at The Hustle, so weâll be giving this last one a try. [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=Food+is+having+a+moment+right+now%0Ahttps%3A%2F%2Fthehustle.co%2F04272021-new-food-tech%3Futm_campaign%3Dnew%2Bfood%2Btech%26utm_content%3D04272021-new-food-tech%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( SNIPPETS NEW! Introducing our new and improved [Snippets](. You can now get extra snippets on your favorite topics. Follow the button below to get started. Big bucks: In the aftermath of the [failed]( European Super League experiment, Spotify founder [Daniel Ek]( is making a bid to own the Arsenal football club. Streaming beef: [Roku]( users may lose access to YouTube TV after it rejected the Google-owned property's request to manipulate search results. Lyft off: Rideshare firm [Lyft]( sells its self-driving unit to Toyota for $550m. Secure the deal: Private equity firm Thoma Bravo will buy cyber firm Proofpoint (email security) for [$12.3B]( and take it private. Itâs the largest software PE deal ever. They see me rollin'... Tractor Supply's app surpassed 1m [downloads]( less than a year after launch, just as the company's loyalty program reached 20m members. Apple taking a bite out of Facebook? Apple began rolling out its new pop-up privacy notification that -- if selected by 80% of Facebook users -- could deliver a [7% hit]( ($2B) to Facebook's Q2 revenue. We just learned that Elektrek has an âAwesomely weird Alibaba EV of the weekâ [column]( that recently featured a $3.1k pickup truck, an $1.9k motorcycle with only one wheel, and a $2k horseless carriage. Curious how a company with a $2T+ market-cap writes persuasive copy? Alex broke down [13 ways]( Apple persuades readers with its copywriting. Buy Google for $2.90. That's basically what 1 Argentinian dude did [last week]( when the Google.com.ar domain accidentally went up for grabs. Google got it back minutes later. Brex has the eye of the Tiger. The corporate spending company raised a [$425m Series D]( led by Tiger Global and reportedly grew its total customer count by 80% in Q1 2021. [Personalize Your Snippets]( Big Deal Alert
[Panasonic logo]( Panasonic acquires Blue Yonder in a $7B+ supply-chain software deal Let us introduce you to Blue Yonder, one of the worldâs largest supply-chain software companies. Last week, Japanese electronics maker Panasonic acquired the software firm for $7.1B, per [Supply Chain Dive](. At this point, youâre probably wondering: WTF is âsupply-chain softwareâ? Hereâs an example: - Panasonic manufactures a widget
- Blue Yonder installs sensors and tracking technology in the warehouse floor that manufacturer the widget and logistics department that ships it
- Real-time widget data on inventory, delivery, and sorting status all flow through a central Blue Yonder âcontrol towerâ to help improve operational efficiency As highlighted in the dealâs [presentation](, Blue Yonderâs technology is used by 3k customers in 76 countries and includes 65 of the worldâs largest retailers like Starbucks, Procter & Gamble, and Coca-Cola. The pandemic has strained supply chains⦠⦠and Blue Yonderâs software provides a way to manage more frequent planning cycles and a massive shift to ecommerce. In business jargon, the ~$30B Panasonic Corp. -- which manufactures everything from EV car batteries to consumer TVs -- says the deal âwill connect the digital and physical layers.â This is actually the 2nd deal in as many months by a giant Japanese manufacturer acquiring a software firm: Hitachi recently plunked down [$9.6B]( for Silicon Valley-based GlobalLogic. [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=Panasonic+acquires+Blue+Yonder+in+a+%247B%2B+supply-chain+software+deal%0Ahttps%3A%2F%2Fthehustle.co%2F04272021-Panasonic-Blue-Yonder%3Futm_campaign%3Dnew%2Bfood%2Btech%26utm_content%3D04272021-Panasonic-Blue-Yonder%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( Corporate moves
[Apple logo]( Apple is dropping $1B+ for a building in North Carolina Today, Apple employs 95k people in America. But by 2026, the iPhone maker has promised to add 20k more jobs on US soil, per [The Wall Street Journal](. At least 3k of those jobs will be in Raleigh, North Carolina -- and to accommodate its new employees, Apple is dropping [$1B+]( to build its first East Coast campus. The new office will focus on software and AI talent North Carolina is home to the Research Triangle Park, a region that includes 3 top-tier (you guessed it) research universities: - North Carolina State University (Raleigh)
- Duke University (Durham)
- University of North Carolina (Chapel Hill) The $2T tech giant joins other notables names in the area, including IBM, Red Hat Software, Cisco Systems, and Epic Games (the maker of Fortnite who is suing Apple for its [App Store]( policies), according to the WSJ. While Appleâs HQ remains in California⦠⦠anchored by its $5B spaceship-shaped Apple Park, the company has been planting its flag around the country. Appleâs satellite offices place it in a prime position to poach talent in many industries, per [Above Avalon](: - Seattle (Amazon)
- San Diego (chipmaker Qualcomm)
- Culver City (Hollywood talent)
- Pittsburgh (autonomous systems)
- New York (media and publishing)
- Boston (robotics) A new Apple office looks great for the local economy, but competition should be quaking. [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=Apple+is+dropping+%241B%2B+for+a+building+in+North+Carolina%0Ahttps%3A%2F%2Fthehustle.co%2F04272021-Apple-NC%3Futm_campaign%3Dnew%2Bfood%2Btech%26utm_content%3D04272021-Apple-NC%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( TRENDS
Over $4m in revenue in the first 12 months⦠Have you visited the Trends community lately? Hereâs what you might have missed last week: - Trends member Romain shared how he generated over $4m from an online course in just 12 months
- A group of 25+ Trends investors are looking to make investments between $25,000 - $3mm in other members businesses
- Professional hockey player Doug Lynch shared his three tips to be a high-performing entrepreneur
- And much, much more To join in on the discussion, [try one week of Trends for just $1.]( [Join the Discussion â]( Meme of the day
[food meme] Source: [Buzzfeed]( / Twitter SHARE THE HUSTLE
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Editing by: Zachary âFoodieâ Crockett, Kent Stan de Noyes (Podcast Reviewer).
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