Plus: A Disney chart, Salty Watermelon Pepsi, TikTokâs BeReal clone, Weekend Reads, interactive tunes, and more. [View Online]( [The Hustle] About 875 brands using the royal coat of arms must now reapply under King Charles III and prove the royal family uses their products, or else change their packaging. In todayâs email: - Yvon Chouinard: Why he gave away Patagonia.
- Chart: The Little Mermaid.
- Weekend Reads to pair with some Salty Pepsi.
- Around the Web: A mysterious snack, interactive tunes, and more cool internet finds. ð§ On the go? [Listen to todayâs podcast]( to hear Zack and Juliet discuss California vs. Amazon, skimpy Walmart pics, and how Patagonia does things differently. The big idea
[Yvon Chouinard and Patagonia logo]( The man who gave away his company Patagonia founder Yvon Chouinard, 83, is making headlines for giving away his ~$3B company. But for an environmentalist who never wanted wealth, it makes sense. Chouinard had no faith that selling the company or taking it public would retain the values on which he founded it. So instead, he and his family [transferred](: - The companyâs voting shares â 2% of the company â to the Patagonia Purpose Trust, which is overseen by family and advisors to make important company decisions.
- The other 98% to the Holdfast Collective, a nonprofit that will distribute all profits â ~$100m annually â to environmental causes. Who is Yvon Chouinard? A legendary rock climber, nature lover, and falconry club founder who once lived out of his car selling climbing gear he blacksmithed himself. He founded Patagonia in 1973⦠⦠after initially [buying rugby shirts]( in the UK and selling them to other climbers. The companyâs original rugged apparel gear soon developed a large fanbase, and now sells some $1B worth annually. Itâs also well-known for being good to its employees, who enjoy a healthy cafe with lots of vegetarian options and are [encouraged]( to explore nature versus languishing at their desks. Patagonia also: - 1983: Introduced on-site child care, which the company says [pays for itself]( via tax benefits, employee retention and engagement, and opportunity for women.
- 1994: Began switching to 100% [organic cotton](.
- 2002: Began giving 1% of sales to environmental movements.
- 2012: Became Californiaâs first certified B Corp. Chouinardâs latest unconventional move is just par for the course. âHopefully this will influence a new form of capitalism that doesnât end up with a few rich people and a bunch of poor people,â he [told]( The New York Times. [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=The+man+who+gave+away+his+company%0Ahttps%3A%2F%2Fthehustle.co%2F09162022-Patagonia%3Futm_campaign%3DPatagonia%26utm_content%3D09162022-Patagonia%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 Crisis averted? President Biden [announced]( a tentative agreement between rail companies and unions, avoiding [a strike]( that could have cost the US economy $2B per day. Adobe intends to acquire Figma, a cloud-based design software company that allows for real-time collaboration, for [$20B](. TikTok copied viral social app BeReal with a [new feature]( called TikTok Now. Meanwhile, Instagramâs [working]( on âIG Candid Challenges.â A digital âqueue trackerâ from the UK government [showed]( that the line to pay respects to Queen Elizabeth II was at one point five miles long. Kanye West told Gap [itâs over](, claiming the retailer breached their agreement. Gap can sell current Yeezy Gap items, but West will focus on opening his own Yeezy stores. The National Toy Hall of Fame finalists for 2022 [include]( bingo, Catan, Lite-Brite, Nerf toys, piñatas, Spirograph, the top, and more. Lawsuit: California is [suing]( Amazon, claiming it ropes sellers into agreements that prevent them from selling items cheaper elsewhere, driving up consumer prices. BNPL: The US Consumer Financial Protection Bureau will [regulate]( âbuy now, pay laterâ companies similar to credit cards. Walmartâs new Be Your Own Model [feature]( lets customers virtually try on clothes⦠if they upload a photo in basically their undies. Niche opp: Trendster Sam Eitzen cleared seven figures after one year of selling artisan gifts to big brands. Read the [Trends article]( to learn how he did it. Chart
[Little Mermaid trailer views]( Singdhi Sokpo The Little Mermaidâs whirlwind week Last weekend at Disneyâs D23 Expo, the company teased a first look at Halle Bailey as Ariel in a live-action version of The Little Mermaid. The teaser rapidly garnered [104m views]( â far more eyeballs than other Disney live-action flicks â despite not including views from the UK, Ireland, and Australia due to Queen Elizabeth IIâs death. Much of the conversation surrounding the clip has been centered around Bailey being Black. - TikToks of parents filming their kidsâ joyous reactions to the video [have popped off](. Elsewhere, a computer vision engineer [used AI]( to turn Baileyâs Ariel into a redheaded white woman, to manyâs disdain.
- The internet, being the internet, went so far as to have a [marine biologist]( from the National Museum of Natural History explain why mermaids would probably have dark skin. How about we all just sit back and enjoy the [trailerâs]( awesome graphics and Baileyâs beautiful voice? [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=The+Little+Mermaid%E2%80%99s+whirlwind+week%0Ahttps%3A%2F%2Fthehustle.co%2F09162022-Little-Mermaid%3Futm_campaign%3DPatagonia%26utm_content%3D09162022-Little-Mermaid%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
How American consumers are moving in 2022 Talking big picture for a moment: The times are a-changinâ. Expeditiously. As are the ways we connect, peruse, and purchase. So HubSpot surveyed 1k+ people to learn about how weâre wired these days. Check the [2022 US Consumer Trends Report]( for the insights, segmented by generation across eight categories: - Data privacy
- Purchasing habits
- Online communities
- Social media
- Workplace trends
- Corporate responsibility
- Crypto and NFTs
- The Metaverse The data shows 29% of respondents kinda want to leave their jobs, 28% call crypto âthe future of currency,â and every generation thinks âbuy now, pay laterâ sucks. [Consumer trends, explained â]( Recs
[Weekend Reads] Welcome to Weekend Reads ⦠Recs to pair with your Friday macchiato, Saturday spritz, or Sunday [Salty Watermelon Pepsi](. ICYMI: - Michael wrote about the small Kansas town that saved its only grocery store â [by buying it](.
- Juliet [visited]( a decentralized museum startup thatâs raised nearly $10m, and Rob shed light on the [sheer depth]( of YouTube.
- The blog squad wrote about [risk-taking]( in entrepreneurship â and how you can manage yours with the proper mindset and tools. Spot the Fake: - ââAn 11-year-old EDM song is blowing up [thanks to]( a Redditorâs sexy-time playlist.
- Elon Muskâs college girlfriend sold a [birthday card]( he signed to her, calling her âBoo-Boo,â for ~$17k.
- Scientists are learning about predators from 150m-year-old vomit, which theyâve nicknamed â[Jurassic Barf](.â
- Some Australians [want]( Steve âThe Crocodile Hunterâ Irwin to replace Queen Elizabeth II on their currency, not King Charles III. Oh wait⦠those are all real. AROUND THE WEB ð On this day: In 1997, Apple [announced]( Steve Jobs as its interim CEO following Gil Amelioâs departure. Heâd first left Apple exactly 12 years prior. ð¥ï¸ How to: What are meeting equity and proximity bias, and how can hybrid and remote teams [avoid them](? ð§ Thatâs cool: A [lo-fi player]( that changes as you interact with objects in a virtual room. â Thatâs interesting: Apparently, no one knows what [this popular Bangalore snack]( really is â and the vendors like it that way. ð Aww: And now, a real [beach bunny](. Shower Thoughts - âQueen Elizabethâs birth was probably announced via a telegram and her death via a tweet.â [SOURCE
SOURCE](
- âBecause of inflation, watching old episodes of âThe Price Is Rightâ is significantly less enjoyable.â [SOURCE
SOURCE](
- âThereâs no way that guy with the fistful of money at the underground street fight remembers the odds everyone took AND who they bet on.â [SOURCE
SOURCE](
- âThere are sidewalks in the Cars movies, but they are all cars.â [SOURCE
SOURCE](
- âGenerally speaking, when you feel stupid itâs because you just got smarter.â [SOURCE
SOURCE]( Â
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