A group of investors led by Softbank have put in a bid to buy $6B worth of Uber stock — at a valuation of $48B, 30% lower than the company's valuation at its last finance round, which was followed by string of ghastly scandals including the removal of its founder, Travis Kalanick, from the CEO's office. The company has 20 days to respond.
Major investors offer to buy a big stake in Uber — at a 30% discount
Good one
Documentary series on the downfall of American Apparel
With a marketing message that combined sex with sweatshop-free manufacturing, American Apparel seemed like an unstoppable brand. But then a series of bad business decisions followed by multiple sexual harassment lawsuits against founder Dov Charney (like masturbating during meetings), saw the T-shirt empire unravel. In 9 episodes, Big Rad Wolf, streaming on Quibi, tells the… READ THE REST
Hacked hospital chain Universal Health Services says all 250 U.S. facilities hobbled by attack
Earlier this week, we reported that a "Suspected ransomware attack" took down the Universal Health Services hospital network, and that doctors and nurses were using paper records because the entire computer system was offline. New reporting by AP shows that all 250 of the network's hospital facilities were "hobbled in last weekend's malware attack and… READ THE REST
MEAT CAKES: Subway sandwiches too sugary to legally be considered bread in Ireland
The bread that Subway uses for sandwiches contains so much sugar that they may not be described as bread in Ireland. The country's supreme court ruled that a franchise there selling the suspiciously sweet sandwiches cannot pay the lower taxes that apply to 'staple foods'. However, the five-judge court ruled that the sandwiches must attract… READ THE REST
These wireless earbuds deliver high-quality sound in a tiny package
"The smaller the headphone, the more meticulously built it has to be. The Freedom+ is pure precision." – CES 2020 Innovation Awards Earbuds come and go. But when your earbuds attract awards from the hyper-vigilant gatekeepers of CES, you've clearly gone above and beyond the norm. That's how those industry mainstays are judging the Freedom+… READ THE REST
Understand the fundamentals of FinTech and Blockchain with these online classes
With every industry looking at how machine learning and artificial intelligence could soon be impacting their business, it's really no surprise to find that the robots have rolled their way on to Wall Street as well. In fact, it's hard to argue that robots haven't been running Wall Street for decades. Jokes aside, the influx… READ THE REST
This gorgeous stainless steel brewer knocks out stellar stovetop espresso in minutes
Making a stellar cup of espresso at home doesn't require an expensive machine or hours of your time and effort. It really only requires equipment up to the challenge and a stovetop. Rather than dropping $3 per cup at Starbucks, you can set up a Starbucks-worthy operation right in your own kitchen with the help… READ THE REST
