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<td align="left" style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 18px; letter-spacing: -1px; line-height: 120%; padding: 20px 0; text-align: left;">
As tech and journalism become more interconnected, companies like Facebook are investing loads of cash into local news.
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The Hustle
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Sponsored by
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Facebook invests $300m in local news so people still have something to ‘Like’
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Facebook announced it will invest
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$300m
</a>
in news programs, partnerships, and content over the next 3 years.
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<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Tech businesses created an algorithmic armageddon for local news outlets. But now, Facebook, Google, and other Silicon Valley saviors are paying to keep local news online.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Facebook wants to save face
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
For years, Facebook positioned itself as news agnostic -- to use Sheryl Sandberg’s
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
words
</a>
, “[Facebook is] a tech company; we hire engineers. We don’t hire reporters, no one’s a journalist, we don’t cover the news.”
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<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But, after investigators exposed the role of Facebook fake news in the 2016 US presidential election and other global events, Facebook has reluctantly acknowledged its impact on journalism.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Now, to atone for past mistakes and restore public trust, Facebook is investing $300m in the very local newsrooms that it ‘accidentally’ put on the endangered species list.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Say hello to News 2.0
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Facebook will invest between $1m and $5m in each of 6 journalism
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
nonprofits
</a>
.
</p>
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Facebook also plans to invest $20m -- well more than the $16m it will give to all 6 nonprofits
<em>
combined
</em>
-- on its own in-house news product,
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
The Local News Subscriptions Accelerator
</a>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
So, based on the way it is spending its money, Facebook wants local news outlets to survive -- but more importantly, it wants them to optimize their stories for Facebook.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Tech is loco for local news
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Facebook isn’t the only tech company to invest strategically in local news: Last year, Google launched a
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$300m
</a>
News Initiative, and just this week Google and WordPress
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
partnered
</a>
to create a news tool called ‘Newspack.’
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Thanks to Facebook and Google, the tech and journalism industries are becoming increasingly interrelated -- and several tech founders have begun investing in news media personally.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Amazon’s CEO Jeff Bezos owns the Washington Post, Salesforce CEO Marc Benioff owns Time Magazine, biotech mogul Patrick Soon-Shiong owns the LA Times, and Laurene Powell Jobs (widow of the late Apple CEO) owns The Atlantic.
</p>
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I call it: Newsbook
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<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
After getting people hooked on binge-worthy content, Netflix is raising prices again
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Yesterday, Netflix
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
jacked up
</a>
its US monthly subscription prices by $2/month, the largest increase in the company’s 12-year history.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
As other platforms grow, the baron of binge is doubling down on its original strategy of getting people hooked on hot original content and then upcharging them.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
‘Stranger Things’ and ‘The Crown’ aren’t gonna pay for themselves
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Netflix has committed $18.6B to producing the best (and the most) content, resulting in more than $14B in debt.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Netflix had $2B in negative cash flow last year, and it’s not slowing down: Executives expect Netflix’s cash flow deficit to increase to $3B next year.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But Netflix is betting that all of that content is good enough to keep its 58m US viewers around, even as it increases prices by 13-18%. By raising its prices by $2, Netflix will instantly dial up annual revenue by close to $1.39B.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The streaming wars are just getting started
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Netflix is the
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
most popular
</a>
TV-viewing option, beating out cable, broadcast, TV, and all other streaming platforms.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But, other streaming platforms are investing heavily to catch up: Amazon, HBO and Hulu are both growing, and Disney, WarnerMedia, and NBCUniversal are release streaming services in the next 2 years.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Even after the increase, Netflix’s basic plan will be $8.99/month,
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
cheaper
</a>
than both HBO ($14.99) and Hulu ($11.99). After Netflix announced its new pricing, its stock rose more than
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
5%
</a>
.
</p>
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@ Me Anything
</td>
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<tr>
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<tr>
<td style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding: 10px 5px; vertical-align: top;" valign="top">
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</a>
</td>
<td style="font-family: arial, sans-serif; font-size: 15px; line-height: 130%; padding: 10px 5px; vertical-align: top;" valign="top">
<a style="color: #ed4d1f; text-decoration: none;">
<span style="color: #000000; font-size: 16px; font-weight: bold;">
Lindsey Quinn
</span>
<span style="color: #000000; font-size: 16px;">
, Managing Editor at The Hustle
</span>
<br/>
<span style="color: #657786; font-size: 14px;">
@LimbsySquid
</span>
</a>
<br/>
Brb, adding ‘streaming services’ to my prenup.
<br/>
<a style="color: #ed4d1f; text-decoration: none;">
Show this thread
</a>
</td>
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<td style="padding-top: 10px;">
</td>
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»
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<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Leave Netflix? Yeah, in your streams
</a>
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<tr id="news1">
<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Nike has finally achieved its decade-long dream: an auto-lacing smart shoe
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
For the last 3 years (and much longer from concept-to-product), Nike has been developing a smart shoe with power lacing technology -- and next month that shoe’s hitting the market.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But the Nike Adapt BB (for
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
‘basketball’
</a>
) isn’t just another gimmick to make Marty McFly fans swoon. It’s the world’s first high-performance, digitally connected shoe.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Described by Nike’s engineers as an “iPhone that lives under your foot,” the shoe is designed (using a mix of sensors, software, and a connected platform) to actively shapeshift the shoe to each player’s needs.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
A vice grip for your gourds
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The Adapt BB goal will automatically achieve the much-sought-after shoe phenomenon known as “containment”: when the bottom of your foot and the sole of your shoe become one, so you don’t slip or lose energy as you move.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
According to Nike, it takes Lebron James
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
10 minutes
</a>
to lace his shoes before a game to find the perfect “containment.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
With Adapt BB, you slip your foot inside, press a button, and a series of straps wrap around your foot with up to 32 lbs. of pressure.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Whatchyu gon’ do with all that data?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Per
<em>
Fast Company,
</em>
the shoe’s hardware reportedly collects an “unprecedented” amount of data that will allow the next few generations to adapt to your foot in real time, not just through presets.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But, we smell a more ingenious business plan on the horizon: While Nike reps insist they don’t have any
<em>
present
</em>
plans to create revenue from Adapt BB, a subscription shoe model seems like a no-brainer in the future.
</p>
</td>
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<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Gotta get your feet right, McFly!
</a>
</td>
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</table>
</td>
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<tr id="news1">
<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Canadian weed powerhouse Canopy Growth is approved to farm hemp in the US
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Canada’s leading cannabis company, Canopy Growth, said it would decline entrance into
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
the US market
</a>
until a federal pathway became clear. Now, with the passage of the new
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
US farm bill
</a>
in December, the company is ready to rip.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Canopy Growth has been approved for a license by New York state to process and grow the O’Doul’s beer of
<em>
ganj
</em>
: non-THC-laced cannabis you might know as hemp.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Depending on board approval,
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
<em>
CNBC
</em>
</a>
reports, Canopy plans to invest between $100m and $150m into its New York operations.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
C-B-D’ing its way into the states
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Consumers are stoked on CBD, a non-psychoactive compound found in hemp plants thought to help with anxiety, sleep disorders, inflammation,
<em>
night-blindness
</em>
, all the stuff.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And, according to recent reports, the CBD market is estimated to explode to a
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$2.1B
</a>
industry by 2020 (a 700% increase from 2016).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
With hemp on the verge of being struck from the controlled substances list, Canopy wants to source hemp exclusively from American farmers for its US operations.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Canopy’s 2019 is hitting hard
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
After growing a respective 14% in 2018, a mere 2 weeks into 2019 has seen Canopy’s stock soar suuuper hiiiiigh at 58% -- 11% alone after the NY announcement was made.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Canopy’s highly successful inferiors are also havin’ a chill time in the new year: Tilray, Aurora Cannabis, and Cronos have seen their shares rise 42%, 36.7%, and 32.4%, respectively.
</p>
</td>
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What about necklaces?
</a>
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<tr>
<td>
<table style="border-spacing: 0px;">
<tr>
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SPONSORED
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Do you fear Valentine’s Day? You’re not alone
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Hey folks, it’s The Hustle’s (other) copywriter Bobby here -- I want to come clean about something.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
I’m a lousy gift giver.
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Every approaching Valentine’s Day fills me with white-knuckle anxiety. It’s not that I’m a selfish guy; it’s just I have no clue what makes a thoughtful, loving gift.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But this year, I’m leveling up my gifting game. I’m giving
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Senreve
</a>
.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Gift yourself or your loved ones a versatile luxury bag
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Senreve
</a>
bags are everything you or your Valentine could want in a gift.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Why? Because they do it
<em>
all.
</em>
No, seriously.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Take their signature
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Maestra
</a>
bag. Made from genuine 100% Italian leather, it’s stylish as hell (no matter which of the 15 colors you pick). It’s also lightweight, scratch and stain-resistant, comfortably fits a laptop,
<em>
and
</em>
can be worn as a satchel, tote, crossbody, or backpack.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Plus, Senreve is offering a complimentary Octopi keychain and pair of earrings on orders over $300 for Hustle readers. Just use code
<strong>
HUSTLE
</strong>
at checkout (valid on in-stock items).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
I’ve seen the light of better gift-giving, people. Its name is
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Senreve
</a>
.
</p>
</td>
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<td align="center" style="padding: 20px 0 40px; text-align: center; width: 100%;">
<a style="background: #ffffff; border: 2px solid #000000; border-radius: 3px; color: #000000; font-family: 'Courier New',courier,monospace; font-size: 14px; font-weight: bold; letter-spacing: -0.5px; padding: 10px 15px; text-decoration: none;">
Bags, not rags →
</a>
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<td style="padding-bottom: 60px;">
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deals deals deals
</td>
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<td>
<p dir="ltr" style="font-family: times new roman, serif; font-size: 22px; line-height: 120%; margin: 0; padding-bottom: 8px; padding-top: 28px;">
<em>
"Different discounts for different folks."
</em>
</p>
<p dir="ltr" style="font-family: arial, sans-serif; font-size: 15px; font-weight: bold; line-height: 120%; margin: 0; padding-bottom: 24px;">
- Brighton Early from Galion, OH.
</p>
</td>
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<p style="color: #9a9a9a; font-family: arial, sans-serif; font-size: 10px; font-weight: bold; letter-spacing: 1px; line-height: 100%; margin: 0; padding-bottom: 6px; padding-left: 8px;">
SPONSORED
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<li style="line-height: 120%; padding: 4px 0 0;">
<a style="color: #ed4d1f; text-decoration: none;">
$20 off a suit or tux rental
</a>
from The Black Tux with code
<strong>
HUSTLE20
</strong>
</li>
</ul>
</td>
</tr>
<tr>
<td bgcolor="#efefef" style="background: #efefef; padding: 8px 5px 0px 0px;">
<ul style="margin: 0; padding-bottom: 0px; padding-left: 24px;">
<li style="line-height: 120%; padding: 4px 0 0;">
<a style="color: #ed4d1f; text-decoration: none;">
2 months of free unlimited learning
</a>
at Skillshare
</li>
</ul>
</td>
</tr>
<tr>
<td bgcolor="#efefef" style="background: #efefef; padding: 8px 5px 0px 0px;">
<ul style="margin: 0; padding-bottom: 0px; padding-left: 24px;">
<li style="line-height: 120%; padding: 4px 0 0;">
<a style="color: #ed4d1f; text-decoration: none;">
Free shipping + risk free guarantee
</a>
from Morning Recovery. End rough mornings after drinking.
</li>
</ul>
</td>
</tr>
<tr>
<td bgcolor="#efefef" style="background: #efefef; padding: 8px 5px 0px 0px;">
<ul style="margin: 0; padding-bottom: 0px; padding-left: 24px;">
<li style="line-height: 120%; padding: 4px 0 0;">
<a style="color: #ed4d1f; text-decoration: none;">
10% off + free shipping
</a>
at Brooklinen
</li>
</ul>
</td>
</tr>
<tr>
<td bgcolor="#efefef" style="background: #efefef; padding-bottom: 16px;">
</td>
</tr>
<tr>
<td style="padding-top: 10px;">
<ul style="margin: 0; padding-bottom: 14px; padding-left: 24px;">
<li style="line-height: 120%; padding: 4px 0;">
<a style="color: #ed4d1f; text-decoration: none;">
Nathan lace black leather shoes
</a>
at Clarks for $49.99 (was $100.00)
</li>
<li style="line-height: 120%; padding: 4px 0;">
<a style="color: #ed4d1f; text-decoration: none;">
NEX weighted blanket
</a>
at Walmart for $59.99 (was $249.99)
</li>
<li style="line-height: 120%; padding: 4px 0;">
<a style="color: #ed4d1f; text-decoration: none;">
Amazon Echo input
</a>
at Amazon for $19.99 (was $34.99)
</li>
<li style="line-height: 120%; padding: 4px 0;">
<a style="color: #ed4d1f; text-decoration: none;">
Apple Series 3
</a>
at Best Buy for $229.00 (was $279.00)
</li>
<li style="line-height: 120%; padding: 4px 0;">
<a style="color: #ed4d1f; text-decoration: none;">
Co-op Flash 45 pack
</a>
at REI for $79.93 (was $149.00)
</li>
</ul>
</td>
</tr>
<tr>
<td style="padding-bottom: 50px;">
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</tr>
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Now Playing:
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Maui Wowie, Beat Awfuls
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. Can a guitar *sound* like a Mai Thai?? You tell us.
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5 years, 4 months ago - news@thehustle.co
As tech and journalism become more interconnected, companies like Facebook are investing loads of...