Are millennials ruining everything? WeWork's new numbers. Alternative lending cos.
Ducking autocorrect
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True crime
The media often portrays the millennial generation as lazy, narcissistic, smartphone addicts responsible for killing everything from department stores to American cheese.
Co-working giant WeWork said this week that its 2018 revenue increased to $1.8B, up from $886M in 2017. It also said that its net loss more than doubled to $1.9B.
We examine WeWork’s strategy, investments, and expansion plans — and whether its value prop could be much more than a marketing ploy. Check out the teardown here.
Deal or no deal?
At the Milken Institute conference in Tokyo, Masayoshi Son, the founder of SoftBank, revealed that he almost purchased a 30% stake of Amazon in its early days.
He offered $100M and Bezos insisted on $130M.
No deal.
But both Bezos and Son have done alright for themselves.
We’ve researched Amazon and SoftBank a lot.
Here is our Amazon research archive. Our most popular Amazon research is below for those who want to know where Bezos and crew are going:
Alternative lending has gone mainstream. Fintech startups issued 38% of all US personal loans in 2018, while banks provided 28% and 21% came from credit unions.
Consumption of canned tuna has dropped 42% over the last 30 years, and sales dropped 4% by volume between 2013 and 2018. Some are putting the blame on millennials’ aversion to can openers and meal preparation.
The promise of marrying the smart home and insurance has largely remained unfulfilled. In May 2018, insurtech startup Hippo teamed up with Comcast to address this challenge and offer home insurance powered by smart devices.
At Future of Insurance (June 11, NYC), you will hear from Comcast executive director Dave Weschler and Hippo CEO Assaf Wand on the lessons learned from their partnership and next steps.
P.P.S. Our strategic analytics & special projects team is looking for a motivated, curious, and collaborative junior analyst. Does this sound like you?
