PLUS: Take-Twoâs $13B bet on Zynga, explained. January 12, 2022
[The Hustle] United Airlinesâ CEO said that nearly â
of its Newark staff recently called in sick on the same day. Talk about a headache. On that note, congrats to Dylan, Ian, Kaysie, and Scott on winning our Airbnb referral raffle! Weâre happy to know we helped someone enjoy a beach getaway while we freeze our butts off in Boston. Todayâs rundown: - Brady Brand: Tommyâs got a new side hustle.
- All-time rug pull: How a con artist sold investors a fake country.
- Opposites attract: Why Take-Two Interactive bought Zynga for $12.7B.
- Around the web: Airlifting turtles, tips to avoid distraction, and more wild internet finds. Letâs do it. The big idea
[Tom Brady]( Is Brady Brand the next Jordan Brand? Tom Brady may be the winning-est athlete since Michael Jordan, and today, heâs taking a big step toward matching MJâs off-court legacy. Brady Brand is the quarterbackâs new apparel line, which officially launched today, and is [available]( exclusively through its website and Nordstrom, per 2pm. What is Brady Brand? The launch collection includes 145 items across athleisure and office casual styles. The brand also plans to use a monthly drop schedule for new releases. But there are some major differences from Jordan Brand: - Bradyâs goods arenât meant to be worn on the field â at least, not yet
- Unlike Jordan Brand, which is an offshoot of Nike, Brady Brand isnât tied to a major sports apparel maker Under Armour, one of Bradyâs biggest sponsors, struggled with its own entry into the athleisure world back in 2016, and passed on the Brady opportunity after bowing out of the fashion world. As a result, Brady Brand was launched in collaboration with Jens Grede, who co-founded Kim Kardashianâs shapewear line, Skims. This isnât Bradyâs first side hustle In 2013, Brady and his trainer Alex Guerrero [launched]( TB12 Sports Therapy Center, and TB12 has since expanded into a sprawling wellness brand that includes supplements, apparel, and physical therapy. Brady already has one fan in his corner â his wife, supermodel Gisele Bundchen, who [says]( he âlikes clothes more than I doâ and âhas great taste.â Want to be the judge of that yourself? Browse the collection [here](. [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=Is+Brady+Brand+the+next+Jordan+Brand%3F%0Ahttps%3A%2F%2Fthehustle.co%2F01122022-Brady-Brand%3Futm_campaign%3DBrady%2BBrand%26utm_content%3D01122022-Brady-Brand%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 Trends youâre missing out on: AC is heating up, neurodiversity is getting recognized, and rare item collectors need help. [See the recent Trends flares](. Apponomics: Apple [announced]( developers pulled in ~$60B on its platform in 2021, a new record for annual earnings. Metaverse talent wars: Microsoft has reportedly [lost]( ~100 employees on its HoloLens team in the last year, with 40+ of them going to Meta. Click and collect: Of every $4 spent on curbside pickup in the US in 2021, Walmart [collected]( ~$1, making up 25.4% of all such orders. Locket, an app that lets users share photos to friendsâ homescreens, [rocketed]( to the top spot in the App Store. The app launched on New Yearâs Day and already has 2m+ users. Pass the ketchup: Rapper Snoop Dogg [announced]( heâs launching a hot dog brand appropriately called âSnoop Doggs.â --------------------------------------------------------------- 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]( Scam
[Gregor MacGregor gif]( The con artist who sold rich investors a fake country Nearly 200 years ago, Gregor MacGregor pulled off one of the most brazen real estate scams in history. On March 20, 1823, after 2 grueling months sailing across the Atlantic Ocean, passengers gathered on the deck of the Kennersley Castle for the first glimpse of their new lives in the country of Poyais. The view was immaculate: Sun glistening in the shallow waters of a blue lagoon. Mahogany trees drooping over sandy beaches. It seemed impossible not to prosper. The myriad Poyais advertisements that circulated through Britain had promised fertile land, rivers stocked with fish, and forests teeming with deer. But as Hastie and the others soon discovered, Poyais was not a country at all. It was one of the most elaborate â and deadliest â frauds in history. [Read the full story â]( Opposites Attract
[Take-Two Interactive and Zynga]( Why did Take-Two Interactive buy Zynga for $12.7B? You will be hard-pressed to find more opposite games than âFarmVilleâ and âGrand Theft Autoâ (GTA). The former involves managing farm crops with your friends. The latter is a sandbox action game blamed for inspiring real-world [carjackings](. Both games will now be under one roof According to [The Wall Street Journal](, Two-Take Interactive (the $17B game studio behind GTA) will buy Zynga (FarmVille maker) for $12.7B in a cash-stock deal. Why? Because â like the aforementioned games â opposites attract. Take-Two creates dominant PC and console franchises, including âRed Dead Redemptionâ and âNBA 2K.â Meanwhile, Zynga â which launched on Facebook in 2007 â is a huge mobile player, including the popular âWords With Friends.â The merged company will have 1B+ users⦠⦠and be well positioned to gain share in a gaming industry that notched ~$180B in sales last year, per WSJ. There are 3 notable opportunities moving forward: - Mobile: Take-Two will have the team to port over its (extremely valuable) existing IP to smartphones
- Ads: Unlike most game makers, Zynga has a growing advertising business (most game studios use 3rd parties)
- Web3 (ugh): While Take-Two tried to avoid buzzwords, they acknowledged that both companies are exploring NFTs and the metaverse Take-Two is paying⦠⦠a ~64% premium on Zyngaâs stock price. It may be an overpay, but the deal is on trend with recent gaming acquisitions: - Microsoft acquired âDoomâ maker Bethesda Softworks ($7.5B)
- EA shelled out for Glu Mobile ($2.4B), Playdemic ($1.4B), and Codemasters Group ($1.2B) Zynga founder and chairman Mark Pincus reflected on the deal by noting that his studioâs 1st Facebook game was [poker](. Itâs fitting that Zyngaâs story is now bookended by a huge bet from Take-Two. [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=Why+did+Take-Two+Interactive+buy+Zynga+for+%2412.7B%3F%0Ahttps%3A%2F%2Fthehustle.co%2F01122022-Take-Two-Zynga%3Futm_campaign%3DBrady%2BBrand%26utm_content%3D01122022-Take-Two-Zynga%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]( Podcast
My First Million: The 5 greatest hits of 2021 We climbed from 100k to 2m monthly downloads last year. Otherwise, this episode needs no introduction. The top 5 MFM moments of 2021 ([listen here](): - Michael Jordanâs house: Sam and Shaan brainstorm how to transform MJâs 56k-square-foot Chicago home into the next Graceland.
- More gangster tours: A retired NYPD officer giving guided crime walks from East Village to Little Italy sparks parallel business ideas.
- Andrew Wilkinsonâs dopamine detox: He discusses the positive impact of taking a hard 30-day reset from all digital addictions.
- Shaanâs goal-setting framework: A great one to take with you.
- Betting on yourself: Lessons on relentless pursuit with legendary MMA journalist Ariel Helwani. [Listen to this episode â]( AROUND THE WEB âï¸ On this day: In 1967, psychology professor Dr. James Bedford [became]( the 1st person to be cryonically preserved in the hopes that technology would eventually revive him. ð Useful: Enter a subreddit into [this site]( to get a map of related subreddits. ð§ How to: Distraction is driven by our desire to escape discomfort. Here are some [tips]( to overcome the urge and keep your focus. ð¢ Thatâs interesting: Every year, Turtles Fly Too airlifts stranded sea turtles from chilly New England to warmer seas. Hereâs [how]( itâs done. ð· Chill out: [Grow a garden](. Destroy it. Start over. ð¶ And now: A [little dog]( and his big stick. Tweet of the day
[Brady meme] The memes would like a word with Gisele about Tomâs fashion sense. (Source: [Twitter]() SHARE THE HUSTLE Hey. Stop keeping us a secret. Refer just 3 people and weâll start to send some goodies as a thank you. [My First Million ebook]( Spread the news. Help us grow ð± [Share The Hustle ð¤ â]( Or copy this custom referral link: [ Your referral count: 0 How did you like todayâs email?
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