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           Plus: Is Buzzfeed worth $1.5B?
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                  June 25, 2021
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                  <p style="font-size: 16px; line-height: 20px; padding-bottom: 10px; margin: 0px;">
                   Subway -- the most ubiquitous sandwich franchise on the planet -- has been facing an ongoing lawsuit that claims its tuna sandwiches contain… no tuna.
                  </p>
                  <p style="font-size: 16px; line-height: 20px; padding-bottom: 10px; margin: 0px;">
                   In the latest update to the saga,
                   <em>
                    The New York Times
                   </em>
                   had 60 inches of Subway’s tuna sandwiches tested in a lab and found "no amplifiable tuna DNA” present in the sample.
                  </p>
                  <p style="font-size: 16px; line-height: 20px; padding-bottom: 10px; margin: 0px;">
                   This means either: 1) whatever Subway uses isn’t tuna, or 2) the tuna they use is
                   <em>
                    so
                   </em>
                   processed that the DNA is untraceable.
                  </p>
                  <p style="font-size: 16px; line-height: 20px; padding-bottom: 10px; margin: 0px;">
                   Makes you wonder about the meatball subs...
                  </p>
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               The big idea
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               <h2 style="font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                Beef is more expensive, but who’s profiting?
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                Demand for beef is up and suppliers are struggling to meet it. Since March, wholesale beef prices have increased 40%-70% depending on the cut, causing prices to also surge at restaurants and grocery stores, per
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 <em>
                  The New York Times
                 </em>
                </a>
                .
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Grocers have responded by increasing beef prices by ~5%-9%. Some restaurants are slightly bumping up prices or 86-ing beef dishes entirely for fear of alienating customers.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                But restaurants, grocery stores, and cattle ranchers aren’t seeing those profits. Rather, the meatpackers are.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 In the US, there are 4 meatpacking conglomerates
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Known as the Big 4, Cargill, JBS, Tyson Foods, and National Beef control
                <strong>
                 80%+
                </strong>
                of the country’s processed meat market.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Typically, JBS or Cargill might make ~$50 per head, rarely up to $150, per analysts at RaboResearch. These days, they’re pulling in as much as $1k per head.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Cargill is on track to hit its most profitable year ever, profiting $4.3B in the first 9 months of its fiscal year, per
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 <em>
                  Bloomberg
                 </em>
                </a>
                .
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 While there are many factors that can affect beef prices…
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                … including the weather and labor shortages, some are
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 accusing
                </a>
                the Big 4 meatpackers of manipulating the supply -- which they’ve denied.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The Senate Committee on Agriculture, Nutrition, and Forestry discussed consumer cattle prices on
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 Wednesday
                </a>
                .
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                “There is clearly a need for greater transparency and competition in the marketplace,” committee chairwoman Sen. Debbie Stabenow said, noting that the committee is not done with the issue.
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               SNIPPETS
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                 Crypto Cash:
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                Leading VC firm Andreessen Horowitz closed a
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                 $2.2B
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                fund focused on the crypto economy. The firm scored a multi-billion dollar win when Coinbase went public earlier this year.
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                 Doximity -- a “Linkedin for Doctors” -- went public
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                on Thursday. It closed the day worth
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                 $9.4B
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                , a 60% pop. Interestingly,
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                 15%
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                of the allocation was reserved for doctors.
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                <strong>
                 Confluent -- a data analytics firm founded in Linkedin
                </strong>
                -- went public with a valuation of
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                 $11B+
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                .
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                A
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                report details how investor
                <strong>
                 Peter Thiel grew a Roth IRA account to ~$5B
                </strong>
                , an amount which he won’t pay tax on when the funds are eligible to be withdrawn (when he turns 59.5 years).
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               Art Tech
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                <img alt="Fair Art Fair" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffair_art_fair.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lwk2G:s4sRX14EQlY88igaiR2eOTRvTGISnIfSbziTsCwtmeE" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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               <h2 style="font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                Fair Art Fair is like a dating app for fine art
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                Ever wanted a Tinder for artists and collectors? Well, it’s here.
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                Founded by London-based artist Stacie McCormick,
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                 Fair Art Fair
                </a>
                is a new app that directly connects unrepresented artists and buyers.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                It essentially cuts out the middleman (the gallery) and allows collectors to match with and buy art they love. It launches on July 31, per
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 <em>
                  NYT
                 </em>
                </a>
                .
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 The app takes 0% commission...
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                … and instead uses a subscription model priced at £15 (~$21) per month.
               </p>
               <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Artists
                 </strong>
                 get an account where they can digitally display their work, handle sales, and connect with opportunities.
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Collectors
                 </strong>
                 can discover and buy art directly from vetted artists, catalog their collections, and access Fair Art Fair’s calendar of exhibitions.
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Curators
                 </strong>
                 can develop their network, build exhibitions, and use a noticeboard to find staff or artists.
                </li>
               </ul>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                There’s also an “Art Curious” option that lets people browse art for free.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 McCormick’s own art gallery survived the pandemic...
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                … thanks to a £35k (~$48k) emergency fund from Arts Council England. She used a second £150k (~$209k) infusion to build the app, and says she needs between 1k-1.5k subscribers to cover expenses.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Experts tell the
                <em>
                 NYT
                </em>
                the app could be successful if well curated.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Now to find the perfect piece to hang behind you for your Zoom calls.
               </p>
              </td>
             </tr>
             <tr>
              <td>
               <table cellpadding="0" style="width: 100%; padding: 10px 10px 0px;">
                <tbody style="text-align: right;">
                 <tr>
                  <td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
                   <a data-tags="share facebook" style="text-decoration: none; white-space: nowrap; color: #d62829; padding: 0 8px;">
                    <img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
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                    <img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
                   </a>
                  </td>
                  <td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
                   <a data-tags="share site" style="text-decoration: none; white-space: nowrap; color: #d62829; padding: 0 8px;">
                    <img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
                   </a>
                  </td>
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                </tbody>
               </table>
              </td>
             </tr>
            </table>
           </td>
          </tr>
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           <td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
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           </td>
          </tr>
          <tr style="display: block; padding: 10px 2px 0px;">
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            <table style="width: 100%;">
             <tr>
              <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
               Retail Tech
              </td>
             </tr>
             <tr>
              <td style="padding: 0 0 6px;">
               <a style="color: #d62829; text-decoration: none;">
                <img alt="Wayfair room" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Froom.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lwk2G:s4sRX14EQlY88igaiR2eOTRvTGISnIfSbziTsCwtmeE" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
               </a>
              </td>
             </tr>
             <tr>
              <td>
               <h2 style="font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                Wayfair thinks AR/VR shopping is the future of retail
               </h2>
              </td>
             </tr>
             <tr>
              <td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Try-before-you-buy has gone digital.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                At the Jefferies Virtual Consumer Conference earlier this week, Wayfair co-founder Steven Conine
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 predicted
                </a>
                that “at some point in the future every home in the US will have a 3D model associated with it.”
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 Design teams use those models…
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                … to show customers how furniture would look and fit.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Wayfair previously experimented with AR in its
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 View In Room
                </a>
                feature, which lets customers digitally place furniture at scale in their homes.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Other furniture companies have similar tools:
               </p>
               <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  West Elm
                 </strong>
                 ’s
                 <a style="color: #d62829; text-decoration: none;">
                  Room Planner
                 </a>
                 lets you map out a room, then drop in items from its catalog.
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Ikea Place
                 </strong>
                 works like View In Room. You
                 <a style="color: #d62829; text-decoration: none;">
                  overlay
                 </a>
                 items in your home using your phone’s camera.
                </li>
               </ul>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 3D tech is also hot in other retail:
                </strong>
               </h4>
               <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Nike
                 </strong>
                 launched
                 <a style="color: #d62829; text-decoration: none;">
                  Nike Fit
                 </a>
                 in 2019. Scan your feet with your phone’s camera and discover your true shoe size.
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Warby Parker
                 </strong>
                 has added virtual
                 <a style="color: #d62829; text-decoration: none;">
                  try-ons
                 </a>
                 to its app (read our recent
                 <a style="color: #d62829; text-decoration: none;">
                  Q&amp;A
                 </a>
                 with co-founder Neil Blumenthal).
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 <strong>
                  Facebook
                 </strong>
                 <a style="color: #d62829; text-decoration: none;">
                  announced
                 </a>
                 a partnership with Modiface and Perfect Corp. earlier this month to add AR clothing and makeup try-ons to Instagram shopping.
                </li>
               </ul>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Here’s a party trick for you:
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 Use
                </a>
                AR to let the people on 19 Crimes’ wine labels tell you their misdeeds.
               </p>
              </td>
             </tr>
             <tr>
              <td>
               <table cellpadding="0" style="width: 100%; padding: 10px 10px 0px;">
                <tbody style="text-align: right;">
                 <tr>
                  <td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
                   <a data-tags="share facebook" style="text-decoration: none; white-space: nowrap; color: #d62829; padding: 0 8px;">
                    <img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
                   </a>
                  </td>
                  <td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
                   <a data-tags="share twitter" style="text-decoration: none; white-space: nowrap; color: #d62829; padding: 0 8px;">
                    <img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
                   </a>
                  </td>
                  <td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
                   <a data-tags="share email" style="text-decoration: none; white-space: nowrap; color: #d62829; padding: 0 8px;">
                    <img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
                   </a>
                  </td>
                  <td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
                   <a data-tags="share site" style="text-decoration: none; white-space: nowrap; color: #d62829; padding: 0 8px;">
                    <img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lwk2G:PcQM-0UIhIMXMZozjqm--BsxB2SRchmM6lfN_tjhYwk" width="30"/>
                   </a>
                  </td>
                 </tr>
                </tbody>
               </table>
              </td>
             </tr>
            </table>
           </td>
          </tr>
          <tr>
           <td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
           </td>
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           </td>
          </tr>
          <tr>
           <td style="width: 100%;">
            <table style="width: 100%;">
             <tr>
              <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 10px 3px 0px;">
               Podcast
              </td>
             </tr>
             <tr id="image">
              <td class="h2020 ignore-defaults" style="padding: 0px 3px;">
               <center>
                <a style="color: #d62829; text-decoration: none;">
                 <img src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FMFM_6-25.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lwk2G:s4sRX14EQlY88igaiR2eOTRvTGISnIfSbziTsCwtmeE" style="width: 100%; max-width: 600px; height: auto; padding: 15px 0 0px;" width="600"/>
                </a>
               </center>
              </td>
             </tr>
             <tr id="bottom ad copy">
              <td class="h2020 ignore-defaults" style="padding: 0px 3px;">
               <h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
                <strong>
                 Shaan gazed into a crystal ball and predicted the future of today’s biggest companies
                </strong>
               </h2>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                And guess what? The next Apple isn’t a phone company.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                It’s a health care monitoring device that gives a real-time look into what’s happening in your body.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                And he didn’t stop there...
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                <strong>
                 Shaan dropped predictions for the future of:
                </strong>
               </h4>
               <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Amazon
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Netflix
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Facebook
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Netflix
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Pornhub
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Domino’s
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 7-Eleven
                </li>
               </ul>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                And a ton more.
               </p>
              </td>
             </tr>
             <tr>
              <td align="center" style="text-align: center; padding: 10px 0px 15px;">
               <a style="color: #ffffff; font-size: 16px; font-weight: bold; text-decoration: none; background-color: #D62829; border-radius: 15px; -webkit-text-fill-color: #ffffff; padding: 6px 20px;" target="_blank">
                Listen here →
               </a>
              </td>
             </tr>
            </table>
           </td>
          </tr>
          <tr>
           <td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 10px;">
           </td>
          </tr>
          <tr>
           <td style="padding-bottom: 5px;">
           </td>
          </tr>
          <tr style="display: block; padding: 10px 2px 0px;">
           <td style="width: 100%;">
            <table style="width: 100%;">
             <tr>
              <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
               SPAC of the day
              </td>
             </tr>
             <tr>
              <td align="center" style="text-align: center; padding: 0 0 6px;">
               <img alt="portfolio" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fportfolio.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lwk2G:s4sRX14EQlY88igaiR2eOTRvTGISnIfSbziTsCwtmeE" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
              </td>
             </tr>
             <tr>
              <td>
               <p style="font-family: Helvetica, sans-serif; color: #5f696c; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 4px 5px 10px;">
                Source:
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 Buzzfeed
                </a>
               </p>
              </td>
             </tr>
             <tr>
              <td>
               <h2 style="font-size: 22px; line-height: 26px; font-weight: bold; margin: 3px 0px;">
               </h2>
              </td>
             </tr>
             <tr>
              <td class="h2020 ignore-defaults" style="padding: 5px 3px 0px;">
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Buzzfeed plans to go public via a SPAC.
                </strong>
                Per
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 <em>
                  CNBC
                 </em>
                </a>
                , the media brand is targeting a $1.5B valuation. As part of the deal, Buzzfeed will acquire Complex Networks for $300m.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                In its
                <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                 investor presentation
                </a>
                , the company highlights Buzzfeed, Complex, HuffPost (acquired in 2020), Buzzfeed News, and Tasty as its anchor media assets.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Buzzfeed was founded 15 years ago, initially growing in popularity on Facebook and with clickbait-y “listicles.” Based on its history, we recreated the cover of its investor presentation with a more on-brand title:
               </p>
              </td>
             </tr>
             <tr>
              <td align="center" style="text-align: center; padding: 5px 0px 6px;">
               <img src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FBuzzFeed.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lwk2G:s4sRX14EQlY88igaiR2eOTRvTGISnIfSbziTsCwtmeE" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
              </td>
             </tr>
            </table>
           </td>
          </tr>
          <tr>
           <td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
           </td>
          </tr>
          <tr>
           <td style="padding-bottom: 5px;">
           </td>
          </tr>
          <tr style="display: block;">
           <td style="padding: 0px;">
           </td>
          </tr>
          <tr>
           <td style="padding: 0px;">
            <table style="width: 100%; border-spacing: 0px;">
             <tr>
              <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 10px 3px 0px;">
               Shower Thoughts
              </td>
             </tr>
             <tr>
              <td style="font-size: 16px; padding: 3px 3px 0px;">
               <ol style="font-size: 16px;">
                <li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
                 <a style="color: #d62829; text-decoration: none;">
                  “There’s a worldwide socially-acceptable culture based around the consumption of a productivity-increasing drug.”
                 </a>
                </li>
                <li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
                 <a style="color: #d62829; text-decoration: none;">
                  “Large volumes are frequently measured in how many ‘Olympic swimming pools’ but most people probably don't have a good perception of how big or small that actually is.”
                 </a>
                </li>
                <li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
                 <a style="color: #d62829; text-decoration: none;">
                  “Somebody probably wanted to make an app for beekeepers and was pissed that honey and bumble were taken.”
                 </a>
                </li>
                <li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
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