GORiLLAHiTTTLiST FM LOS ANGELES
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"The limit for online orders does not exist"
Because you maybe/probably/definitely forgot someone yesterday, last-minute subscription gifts should be your post-Snacks move (we all know a "monthly succulent delivery" kinda person).
Stocks chilled near record highs over the Christmas day off while Uber was busy moving a in different direction (more below).
Uber's co-founder and ex-CEO has sold all his Uber stock (and quit the board)
Travis don't want a lot for Christmas... There is just one thing Travis needs: 100% separating himself from his old company. Former Uber CEO Travis Kalanick just made 2 major holiday moves:
Less super pumped... Travis founded Uber in 2009, leading it to become the most valuable private tech startup in the US (its peak value was $68B). But he lost his CEO-ship in 2017 and wasn't even invited to ring the bell on IPO day this May. Three issues caused his CEO-ousting:
"...To focus on his new business..." Those are the critical words we noticed in Travis' press release. His new startup, CloudKitchens, is a spinoff idea from Uber Eats: Renting out fully-equiped kitchen space for restaurants that only deliver. He's pouring his own $$$ (and $400M from Saudi Arabia) into the idea. This holiday breakup with Uber isn't just personal — it's also his bet on the future of food logistics.
To adapt to never-ending ecommerce demand, warehouses are evolving
Packages that magically appear at your door... are actually the result of a million scrambling parts. While it only takes a few clicks to order something online, America's shipping infrastructure can only handle so many packages — and one element of the ecommerce supply chain is getting stretched extra hard: Warehouses.
Your tiny pack of toilet paper takes up prime real estate... Warehouses store the TP on the way to you, but there's hardly enough space for that. We've added 1B-square-feet of warehouses in America since 2013, but vacancy at the "hotel" where your packages chill before coming to you has hit an all-time low. And the price for warehouse space keeps rising.
Ecommerce is starting to change how cities are built... And you know we need a better urban design strategy when Old Navy has to partner with Postmates to deliver last-minute Christmas gifts. Here's what we're already seeing:
We've got 12 days of surprise gift-aways on Instagram at @RobinhoodSnacks
In : 848FINACE
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