Wednesday, August 7

What you missed today

Author

Max
August 07, 2024

Good evening!

Never thought I’d write ‘Opening Up a Can of Whoop Ass’ in a newsletter, but I guess there’s always a first for everything. 🤷

Here are the 7 things you missed today:

1.  😬 Techstars Gets Layoffs & Ends J.P. Morgan-Backed Program

Rough day for Techstars. The accelerator is planning to play off 17% of its workforce and end its $80 million J.P. Morgan-backed AdvancingCities program once the fund is completely depleted at the end of the year.

2. 💰 If You’re Making Over $100k, You’re Overpaying Taxes…

It's a harsh reality: you don’t realize how much you’re overpaying taxes and how it eats into your hard-earned lifestyle, stunting growth and limiting possibilities.

But it doesn't have to be this way. I found Integrated Wealth Systems, which has helped dozens of brands and entrepreneurs grow their businesses and wealth. How? By making money, investing money, keeping money, and doing this with a team of experts!

Don’t let your lack of financial literacy or strategy cause you to overpay in taxes. Join IWS’s strategy and learn how to live corporate life (you don't have to move to Puerto Rico)!

3. 💸 Humane’s Returns Outpace Sales

Humane, the creator of the $699 wearable AI Pin with overwhelmingly negative reviews, have been seeing returns ever since launch. Now, The Verge is reporting that between May and August more AI Pins were returned than purchased – $1 million in total returns against $9 million in sales.

4.  🛠️ Things Worth Checking Out

Still using outdated spreadsheets to track projects? Streamline your workflow with monday.com’s Content Calendar Template. Automate tasks, collaborate with your team easily, and track performance in real-time. Try for FREE →

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5. 💉 Wegovy Sales Are Slowing

Pharma giant Novo Nordisk is cutting its full-year profit outlook after lower-than-expected quarterly sales of weight loss drug Wegovy. Some experts say the results are just a sharp contrast to major sales last year, but shareholders seem more unsure.

6.  🚗 Lyft is ‘Opening Up A Can of Whoop Ass’ on Surge Pricing

Lyft’s CEO David Risher’s words, not mine… the ride-hailing service is piloting a new feature called Price Lock that lets riders purchase a monthly subscription “that caps the price for a specific route at a specific time.”

7.  📦 Costco Cracks Down on Membership Sharing

Costco wants you to stop mooching off your parents’ membership. Over the coming months, the warehouse retailer will be checking membership cards with a corresponding photo (or photo ID) at the entrance door.

Bonus. CEO Tip Of The Day

It’s impossible to avoid stressful situations, especially as a CEO or leader. But you can make them better by being prepared for them. Here are six techniques to help you stay calm in stressful situations.

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