Wednesday, August 14

What you missed today

Author

Max
August 14, 2024

Good evening!

Another day where I kinda wished I lived in Europe so I could travel to different countries all the time…

Here are the 7 things you missed today:

1.  🍫 Mars Agreed To Buy Kellanova in $36Bn Deal

Pringles just got a little sweeter. Candy-bar maker Mars has agreed to buy Kellanova in a deal valuing the maker at almost $29 billion. The deal also has Kellanova shareholders receiving $83.50/share in cash, a 33% premium to the stock’s closing price on August 2.

2. 🚀 Shock Your Team With a 10x Boost in Revenue

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3. 🚙 Texas Sued General Motors For Illegally Selling Data

Texas Attorney General Ken Paxton sued General Motors yesterday alleging that the carmaker illegally collected and sold drivers’ data to insurance companies without consent. The lawsuit is part of the AG office’s investigation into several manufacturers for similar illegal data-collecting behavior.

4.  🛠️ Things Worth Checking Out

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5. 📉 LL Flooring Filed for Bankruptcy

LL Flooring, formerly known as Lumber Liquidators, has filed for bankruptcy and will close 94 of its nearly 300 stores across the United States. The retailer has entered Chapter 11, but isn’t liquidating itself just yet. Instead, it’s seeking a sale and in “active negotiations with multiple bidders.”

6.  ⏪ DraftKings Reverses Tax Plans

Earlier this month, DraftKings said it would introduce a surcharge on consumers in states where taxes on sports betting are highest. Then, competitor FanDuel said it wouldn’t add a surcharge to offset the tax hikes. So now, DraftKings is rolling back its plans and won’t add the surcharge.

7.  🛫 Wizz Air Launched Unlimited Flights Subscription

Travelers in Europe can now take advantage of budget airline Wizz Air’s ‘all you can fly’ pass for €499 (~$550) per year. The subscription pass allows passengers to book flights to any of the carrier’s international destinations – including Athens, Madrid, Paris, and Reykjavik – up to three days before departure. Would you do it?

Bonus. CEO Tip Of The Day

Are you pro-remote work? More of an office fan? Hybrid? Here’s the latest data on how remote work impacts startups to help you understand what the best arrangement is for your team.

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