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Today, every portfolio seems to have Microsoft stock in it and Apple bought some autonomous cars at the last minute, but first...
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The Hustle
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Inside the strange -- and surprisingly successful -- fight for social media rights
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Online social media platforms -- and the maelstrom of memes swirling across them -- influence the real world more than ever before.
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But, as Facebook fakers sway elections, celebrities with itchy Twitter fingers move markets, and comment-thread crusaders crush careers, some people are starting to ask: Who’s in charge here?
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The answer isn’t always clear.
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But, people are beginning to fight for their social media rights -- and those battles have been as strange as they’ve been successful.
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Here are some of the most bizarre battles sharpening the blurry boundaries of social media sovereignty:
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Cartoonists vs. political parties
</strong>
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Comic cartoonist KC Green -- the illustrator behind the viral “This is Fine Dog” meme -- has
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
successfully fought
</a>
everyone from the Republican Party (who posted his Dog on Twitter in 2016) to
<em>
The Daily Show
</em>
(which posted the dog in 2018) for control of his intellectual property.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
After 6 years of fighting, Green built a way to make money off the meme he made -- avoiding the trap that other cartoonists (like Pepe the Frog’s creator Matt Furie)
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
fell into
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when they lost control of their art online.
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Models vs. paparazzi
</strong>
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Model Gigi Hadid -- who’s being
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
sued
</a>
for posting a paparazzo’s pic on her Instagram -- is fighting for the right to post the copyright-protected picture on the basis that she “contributed” to it -- by posing.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Lawyers believe Hadid’s defense is flimsy, suggesting Instagram’s balance of power will rest with photographers, not their subjects.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Inmates vs. news publishers
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
A judge
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
ruled
</a>
that Australian juvenile detainee Dylan Voller has the right to sue media companies for allowing readers to make defamatory -- and untrue -- comments about him on stories they posted on Facebook.
</p>
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The ruling is a step in the direction of making media companies responsible not just for producing accurate stories -- but also for moderating their comments.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
So what does it all mean?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
These battles hinge on one question: How much control will creators -- cartoonists, photographers, or news outlets -- have over their social content?
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Together, these episodes suggest creators are
<em>
gaining more control
</em>
: Cartoonists are finding ways to cash in on their intellectual property and photographers are protecting their copyrights.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But, by gaining more control over their content, they’re also assuming more responsibility for it: News outlets sharing content on social media may be on the hook for
<em>
all of it
</em>
-- including the cantankerous comments.
</p>
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<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
1 in 4 investment portfolios in the world contains Microsoft stock
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
For many investors, tech stocks are a staple of a well-balanced investment portfolio. But just how prevalent are some of the more established players?
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The investment research platform
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
eVestment
</a>
recently analyzed
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
long-only
</a>
portfolio holdings from 6,053 active equity strategies in Q1 of 2019 and compiled a list of the most commonly owned stocks in the world (hat tip to
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
<em>
Axios
</em>
</a>
, where we came across this data).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Tech stocks make up
<strong>
6 of the top 10
</strong>
spots — and Microsoft, which tops the list, makes a showing in 24.1% of all portfolios.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<br/>
</p>
<center>
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fstonks_20190626212520.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXOOO:GSUk-1BEEb6CWJwdTofFAsZMif6u-2lrJD_lHMvyNt0" style="height: auto; width: 100%;"/>
</center>
<br/>
<br/>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
A $1k investment in Microsoft stock when the company IPO’d in 1986 would be worth around
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$1.6m today
</a>
. According to the data above, many investors seem to believe the company is a stable, reliable addition to portfolios.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Alphabet, which is a much younger company -- and appears in 21.6% of all portfolios -- doesn’t lag too far behind. It’s likely we’ll see a new leader here in the next few years.
</p>
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<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
MACROsoft seems more accurate
</a>
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things you should...
</td>
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</td>
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<h4 dir="ltr" style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 18px;">
GLIDE:
<span style="font-weight: normal;">
Across paper with a Tactile Turn Titanium Shaker pen, $99
</span>
</h4>
<p dir="ltr" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 16px;">
Face it -- there’s nothing satisfying about that cheap blue plastic pen from Walgreens that slips and slides through your fingers. It’s time to try a textured titanium Tactile Turn Titanium Shaker pen (say that 5 times fast) and feel the satisfying click of true pen-pushing comfort.
<br/>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
LIFETIME WARRANTY INCLUDED WITH EVERY PEN →
</a>
</p>
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SPONSORED
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<h4 dir="ltr" style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 18px;">
LIVE:
<span style="font-weight: normal;">
Aloha with OluKai, shoes that support Hawaiian culture, Starting at $65
</span>
</h4>
<p dir="ltr" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 16px;">
As a certified B Corp, OluKai is dedicated to more than just making sweet kicks -- They’re also committed to improving the environment by supporting reforestation efforts, sustainable living, and ethically sourced materials. Pick up a pair for instant feel-good vibes.
<br/>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
LOOK GOOD, DO GOOD →
</a>
</p>
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<td>
<table style="border-spacing: 0px;">
<tr>
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SPONSORED
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SCORE:
<span style="font-weight: normal;">
An Amazon gift card when you attend a demo of Lola.com, $50 gift card
</span>
</h4>
<p dir="ltr" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 16px;">
From the innovators at KAYAK comes Lola.com, the new way to book your business travel. Lola.com pulls double-duty, helping you save time and money when booking flights, hotels, and transportation. It could save your company an airplane-load of cash, and you get a nice little gift when you attend a demo. That’s what we call a win-win. *Terms apply
<br/>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
LEARN ABOUT LOLA.COM →
</a>
</p>
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<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Don’t get your Airpods in a knot — iCars won’t hit the road anytime soon
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Earlier this week,
<em>
Axios
</em>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
reported
</a>
that Apple bought the self-driving car startup Drive.ai for an undisclosed amount of money, kicking off rumors about the Mac Makers’ plans to hit the roads.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Is it interesting that Apple is investing even more money in self-driving than it already has? Yes. Does it mean that iCars will hit the road anytime soon? Almost definitely no.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The Drive.ai acquisition was a fire sale
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Drive.ai, which had been valued as high as $200m, was autonomously driving straight for the edge of a cliff before Apple volunteered to take the wheel.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The self-driving startup had already notified California regulators that it planned to lay off 90 employees and shut down operations at the end of June -- which means Apple bought the floundering company days before it would have evaporated anyway.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Now what?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The acquisition was an opportunistic move for Apple, which likely paid less for the struggling Drive.ai than the $77m the startup had raised in funding.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Apple will hire dozens of Drive.ai’s self-driving engineers for its own secretive self-driving car program, “Project Titan,” which has been reported to have downsized in the past... but evidently still exists.
</p>
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»
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<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Drive another day
</a>
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<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Resold shoes are a $1 billion industry
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Detroit-based StockX -- a “stock market for shoes” -- raised $110m at a $1B valuation, according to
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
<em>
The New York Times
</em>
</a>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
As one analyst
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
told
</a>
the
<em>
NYT
</em>
: “The internet and eBay made reselling into a cottage industry. Platforms like StockX made it into a business.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<strong>
A tool for investors
</strong>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
StockX’s marketplace is a resale platform for rare shoes -- many of which have never been worn -- and other merchandise.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Sneaker connoisseurs consider shoes as investments, and StockX is proving their point.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The shoes -- as well as other available items like streetwear and watches -- are assigned stock tickers. Bidding customers see recent sale prices, volatility, and a 52-week high and low.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<strong>
Legacy brands could get involved
</strong>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
StockX is one of several shoe marketplaces: Rival resale sites like GOAT Group, Stadium Goods and Bump have also received millions in funding.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Insiders expect brands may eventually intervene to find a way for themselves to better benefit from resale.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But for now, the marketplaces are cashing in. So are sneakerheads -- some of whom make $250K annually (off $1 million in shoe sales) and even employ assistants.
</p>
</td>
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Sweet kicks
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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>
Ever dream of building a company, just to give it away?
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Yeah, we didn’t think so. But that’s exactly what happens when you accept VC money --
<em>
you give up ownership
</em>
. That’s right, no take-backs.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
However, with
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Clearbanc
</a>
, you can get all the cash you need to build your biz
<em>
without
</em>
giving up any equity.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
How?
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
Clearbanc
</a>
advances you the cash that you’ll use to grow, which you pay back using a portion of your sales. Equity-free investments anywhere from $10K to
<em>
$10M
</em>
? Okay CB, you’ve got our attention.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The best part is, you never risk losing control of your company.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
If that sounds simple, that’s because it is. And to prove it, they’re showing you how you can get a
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
term sheet
</a>
in 20 minutes or less. Go ahead, get dat money.
</p>
</td>
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<tr id="cta">
<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;">
20 minute term sheet →
</a>
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share the hustle
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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>
Refer coworkers, get free stuff
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 1: Peek our sweet, sweet rewards
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 2: Click “Share The Hustle” below
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 3: Share The Hustle.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 4: Collect rewards, rinse & repeat.
</p>
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<a style="color: #ed4d1f; text-decoration: none;">
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5 years, 12 months ago - news@thehustle.co
Today, every portfolio seems to have Microsoft stock in it and Apple bought some autonomous cars ...