PLUS: The self-storage boom! December 27, 2021
[The Hustle] We know at least one thing that had a great Christmas: The new Spider-Man film (âNo Way Homeâ) became the 1st pandemic-era movie to make $1B+ at the box office. Todayâs rundown: - Amazon shake-up: A labor settlement may pave the way for Amazon warehouse employees to unionize.
- Storage space boom: Occupancy at the 4 largest self-storage companies in the US has hit 95%+.
- By the numbers: Hotline bling, potty mouths, and more. Around the web: A deep dive into Tamagotchi, stunning astronomy pics, and more wild internet things. Letâs do it. The Big Idea
[amazon-boxes]( Amazon settles a major labor complaint. Workers may now be able to unionize Jeff Bezos founded Amazon in 1994. One of the original names he picked for the company was -- this is not a joke -- ârelentless.â While good taste prevailed in the end, Amazon has pursued a relentless strategy in all facets of business⦠⦠including against worker unionization However, things may soon change after the company reached a settlement with the National Labor Relations Board (NLRB) last week, per [NPR](. This result comes after Amazon warehouse workers -- in 6 separate [cases]( -- told the board that the ecommerce giant was blocking union organizing efforts. Amazon interference was a major talking point following a (failed) union vote at an Alabama warehouse last April. The road to unionization? According to NPR, Amazon will change its union stance by: - Emailing current and past employees (anyone who worked between March 2021 and now) about their right to organize
- Creating more room for unionization activities within its buildings
- Not threatening or disciplining workers for organizing in âexterior non-work areas during non-work timeâ Further, the NLRB will have a straightforward path to suing Amazon if it doesnât abide by this nationwide settlement. Unions have been trending down for decades Per the Bureau of Labor Statistics (BLS), 20% of US workers were union members in 1983. Today, itâs only [11%](. But, Amazon -- with 750k employees -- is a clear bellwether as the 2nd largest private employer in America after Walmart. The settlement comes as workers at other companies (e.g., Kelloggâs, John Deere) have organized high-profile strikes, and could lead to relentless change for unionization in America. Fun fact: Bezos still owns the URL to [www.relentless.com]( and it redirects to⦠well, you can probably guess. [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=Amazon+settles+a+major+labor+complaint.+Workers+may+now+be+able+to+unionize%0Ahttps%3A%2F%2Fthehustle.co%2F12-26-21-amazon-labor-complaint%3Futm_campaign%3DMonday%2BEmail%26utm_content%3D12-26-21-amazon-labor-complaint%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 Nightmare before Christmas: [6k+]( flights were cancelled in the US as airline crews were ravaged by the omicron variant. Exodus: Meta (the artist formerly known as Facebook) lost a number of senior execs in 2021, [including]( its CRO and heads of Marketplace, cryptocurrency, and the Facebook app. Not good: TikTok moderators are [suing]( the platform for mental health issues stemming from videos they must review. Intel apologizes to China after the semiconductor firm [told]( Chinese suppliers it would not source from the Xinjiang region, citing âgenocide.â Poached: Disney hired former Spotify exec Horacio Gutierrez as its new general counsel. Gutierrez is a [noted critic]( of Apple, which may come in handy for Disneyâs streaming efforts. --------------------------------------------------------------- Hey â enjoy getting quick updates on what you care about? Take [20 seconds]( to personalize your Snippets. Pick your preferencesð and weâll send you more of what you love. Boom. [Personalize my Email â]( Storage Gold
[storage-units]( Which one has the mummified leg? (Getty Images / Imaginima) Storage units saw unprecedented business due to the pandemic Self-storage has boomed since the onset of the pandemic, resulting in higher rent, less empty space, and rising stocks, [per]( The Wall Street Journal. The industryâs 4 largest companies -- Public Storage, Extra Space Storage, Life Storage and CubeSmart -- have reached 95%+ occupancy. The average monthly rent hit $155.65 in November -- the highest in 5 years. Meanwhile, Extra Space Storageâs shares are 2x more valuable than they were pre-pandemic. Whatâs causing this? Several things, including: - People who want extra space for home offices, gyms, etc.
- Remote workers who moved
- Businesses with extra inventory
- Businesses that ditched offices to save on rent In addition to 5 public companies, there are also 30k+ storage owners operating ~55k facilities in the US, [per]( The New York Times. The business is appealing due to its low overhead and tenants who often stay put, even when rent increases by 10%. And when tenants donât pay, their unitsâ contents are auctioned off While bidders typically donât know what exactly is in a unit, flipping units can be a decent [side hustle]( -- hence the premise of the âStorage Warsâ franchise. Some of the weirdest buyer finds include: - [A 1976 Lotus Esprit]( used in the Bond film âThe Spy Who Loved Me.â The unit was purchased for $100 in 1989. Elon Musk later bought the car for ~$1m.
- [The 1st Superman comic](, which someone stole from Nicolas Cage in 2000.
- A [mummified leg](, which turned into a legal drama between the legâs original owner and the buyer who wanted to keep it. Yes, there is [a documentary]( about this. Sure, why not? [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=Storage+units+saw+unprecedented+business+due+to+the+pandemic%0Ahttps%3A%2F%2Fthehustle.co%2F12-26-21-storage-unit-boom%3Futm_campaign%3DMonday%2BEmail%26utm_content%3D12-26-21-storage-unit-boom%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]( Digits
[james-webb-telescope]( The James Webb telescope is in space, facing â29 days of terrorâ (Source: NASA) By the numbers: Hotline bling, potty mouths, and more. 1) In July, the federal government is switching National Suicide Prevention Lifeline from a 10-digit number to a 3-digit one, [988](. Calls are expected to increase as a result, so $282m will be spent to bolster network infrastructure, centralize text chats, improve Spanish-speaking capacity, and increase staffing. 2) The 7-ton, $10B James Webb Space Telescope, which successfully launched this past weekend, now faces [â29 days of terrorâ]( where its scientists will nerve-wracklingly watch its instruments unfold and deploy. 3) WTF? One study found that from 2019 through November 2021, usage of swearwords  like fâ, sh*t, a-hole, and similar terms rose [41% on Facebook]( and 27% on Twitter. Along these lines, in the past 18 months, profanity-filtering software company CleanSpeak tripled its filter volume. 4) Retail back? Holiday sales jumped [11%]( vs. the pre-pandemic 2019 season (Nov. 1 through Dec. 24). These figures are particularly bullish considering Omicron fears and supply chain issues. 5) Amazon estimates 25% of US homes have at least one Alexa device. At the same time, internal data shows [15%-25%]( of new Alexa users are inactive by their 2nd week of owning a device. [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=By+the+numbers%3A+Hotline+bling%2C+potty+mouths%2C+and+more.%0Ahttps%3A%2F%2Fthehustle.co%2F12-26-21-by-the-numbers%3Futm_campaign%3DMonday%2BEmail%26utm_content%3D12-26-21-by-the-numbers%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]( Free Resource Use these viral TikTok marketing strategies 2021 is marked by drone dancing, dog painting, and [sea shanties](. This is just what world history looks like now. Gen Zâs favorite platform is also the most downloaded app of the year, so HubSpot compiled key takeaways to help you start the next one in stride. [Tips for exceptional TikTok marketing]( (video) Examples from Chipotle, Converse, and more. TikTok is disrupting the creator economy and global marketing landscape in unprecedented ways. Learn [top 2021 TikTok strategies]( for your business, and how to create bite-sized clips that win over the internet. (Also, hereâs a free [2022 Social Media Trends report]( by Talkwalker and HubSpot to get ahead.) [TikTok tactics â]( AROUND THE WEB ðº On this day: In 1932, Radio City Music Hall [opened]( in New York City. While opening night was a chaotic jumble of too many performers, the venue would ultimately become home to the famous Rockettes. ð Useful: Looking for a rare item? Use [SearchTempest]( to search all of Craigslist, eBay, and more at the same time. ð« Thatâs cool: Every day, NASA shares 1 astronomy picture [here](. ð¨ Art: The Rijksmuseumâs online exhibit, â[Experience the Night Watch](,â lets you explore absolutely everything about Rembrandtâs 1642 painting. ð¥ Thatâs interesting: Smithsonian Magazine [reflects on]( the 25-year history of Tamagotchi and the devoted fan base the toyâs maintained. ð¦ Aww: And now, a bird thatâs just [stomping around](, hating on paper towel rolls. Pic of the Day
[self-storage-sign] Very clear messaging (Source: Memes Monkey) How did you like todayâs email? Refer friends. Help us grow. Get cool stuff ð¤
Share The Hustle with your custom referral link:
[
Your referral count: 0 Today's email was brought to you by [Trung Phan](, [Jacob Cohen](, [Juliet Bennett Rylah](, [Rob Litterst](.
Editing by: Jennifer âBingeing Season 1 of Storage Warsâ Wang.
[PODCAST]( [JOBS]( [CONTACT US](mailto:news@thehustle.co)
[Facebook]( [Youtube]( [Instagram]( [Trends](
25 FIRST ST. 2ND FLOOR, CAMBRIDGE, MA 02141, UNITED STATES Â +1 888 482 7768
Never want to hear from us again? Break our hearts and [unsubscribe](list=thehustle).
[The Hustle](