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                  June 15, 2020
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                  <img alt="The Hustle" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fhustlelogo-outline_20191119195758.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMgs:TW7YcB-mxyDzuwxPzMtjdQ_puWVvZiOC0dDXLT0X4UU" style="width: 250px;" width="250"/>
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                  TOGETHER WITH
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                  <a style="color: #d62829; text-decoration: none;">
                   <img alt="Fundrise" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Ffundrise_20200520153233.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMgs:TW7YcB-mxyDzuwxPzMtjdQ_puWVvZiOC0dDXLT0X4UU" style="max-width: 150px; width: auto;"/>
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                  <p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 10px;">
                   <strong>
                    Brace yourself for another salvo in the generation wars:
                   </strong>
                   Early Sunday morning, a Twitter user
                   <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                    posted
                   </a>
                   photos of Gen Z TikTokers riffing on millennial culture. If you’re a 30-something who says “doggo” or “adulting” or knows which Harry Potter house you’re in, you may want to avert your gaze.
                  </p>
                  <p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 10px;">
                   There were lots of sick burns, but this one might hit the hardest: “they be 34 talking about ‘i’m a hufflepuff’ like grow up and do a line of coke already.”
                  </p>
                  <p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 10px;">
                   The post started a much bigger conversation about generational traits, and how everyone
                   <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                    forgot about Gen X
                   </a>
                   -- again.
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               Screenshare
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               <h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 5px 0px;">
                On mute no more: Zoom gets a taste of international politics
               </h2>
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               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                In every tech giant’s lifetime, there comes a moment when its leader has to make a pilgrimage to Capitol Hill.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                TikTok’s moment arrived
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 last December
                </a>
                , when lawmakers urged execs to cut ties with the app’s Beijing-based owner, ByteDance.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Now it’s Zoom’s turn to sit in the hot seat. Last week, at the request of the Chinese government, the videoconference behemoth
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 shut down
                </a>
                3 meetings held in commemoration of the 1989 Tiananmen Square protests.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The company also banned US and Hong Kong-based dissidents who hosted the meetings. Zoom eventually reinstated them after criticism.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 Now Congress has entered the chat
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The move prompted a group of senators to
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 send
                </a>
                Zoom CEO Eric Yuan a letter asking for clarity on what data, if any, it shares with China. Another demanded that the company “pick a side” between the US and China.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Adding to the unease is an announcement from Zoom that it’s developing a tool to block individuals based on geography.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                In theory, that means the Tiananmen meetings would have gone down as planned -- but participants from mainland China wouldn’t have been able to join.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 Bending to China’s wishes is nothing new
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Last week, Apple
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 deleted
                </a>
                major podcast apps from its store at the government’s request.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                But Zoom had enjoyed something of a honeymoon period inside China. Until recently, activists
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 felt
                </a>
                it was safer than some homegrown video conference solutions.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <em>
                 Reuters
                </em>
                dubbed it “a window through China’s ‘Great Firewall.’” Now that’s all over.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Zoom looks
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 ready to meet
                </a>
                the challenge in Washington. This spring, it’s been staffing up its lobbying team -- most prominently with H.R. McMaster, the former White House national security adviser.
               </p>
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               Stonks
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               <h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 5px 0px;">
                Some companies filed for bankruptcy, but their stocks are going bonkers anyway
               </h2>
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               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Last week, an unusual bit of Wall Street news sent a flotilla of financial scribblers scrambling to pick up their pens: A bankruptcy court approved a plan by the rental-car mainstay Hertz to sell
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 $1B in stock
                </a>
                .
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 Everyone’s got the hotz for Hertz
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                But only here in Bizarro World does the company’s market bounce make any sense.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                A refresher:
               </p>
               <ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Hertz filed for bankruptcy on May 22nd, and the company’s stock tanked,
                 <a style="color: #d62829; text-decoration: none;">
                  to ~$0.56 a share
                 </a>
                 on May 26th.
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Then came the rebound -- the stock closed higher than $5.50 at one point last week.
                </li>
                <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                 Hertz trading volume has surged this month, up 63x over last year.
                </li>
               </ul>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                It’s one of several companies to file for bankruptcy recently --
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 and then see monster gains
                </a>
                .
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 So… what the heck is going on?
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Day traders are
                <em>
                 back
                </em>
                , baby.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Specifically: Amateur investors/
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 bored sports gamblers
                </a>
                . They’re armed with the Robinhood app and inspired by Dave “Davey Day Trader” Portnoy, the founder of Barstool Sports.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Portnoy has been dishing out investing advice on Twitter, capturing the zeitgeist in a single phrase: “
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 Stocks only go up
                </a>
                .” For a full analysis of Portnoy’s prodigious quaran-tweets,
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 check out this post
                </a>
                from our Trung Phan.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Portnoy’s tweeting even made a fan of a certain outspoken CEO.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 Here he is
                </a>
                showing Elon Musk some love: “Thanks Elon. Oh I just followed you so feel free to shoot me a quick Dm next time before you say $tsla stock is too high. I’ve been daytrading to pass the time. Not going great. (Earmuffs SEC).”
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 What goes up must come down
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Even
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 Stonks Guy
                </a>
                gets confused sometimes.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Amateur traders sent the Chinese real-estate company Fangdd Network Group
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 soaring
                </a>
                -- because its name sounds like FAANG, the acronym for the exclusive club of tech mega stocks that includes Facebook and Amazon.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                As Matt Levine put it for
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 <em>
                  Bloomberg
                 </em>
                </a>
                , the Hertz hot streak may not turn out so well for the company’s new investors:
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                “Hertz will raise a billion dollars from Robinhood, hand the money directly to its creditors, and tell its new shareholders ‘all your money vanished immediately, sorry, better luck next time.’”
               </p>
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                How Willie Franklin, a one-man entrepreneur, revamped marijuana packaging
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                When Willie Franklin heard that BART -- the Bay Area’s public transit system -- was going to require all riders and employees to wear masks, he called up the authority cold.
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                His first few calls went unanswered. Eventually, he reached a receptionist.
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                “Next thing I know I’m getting a call from the department of purchasing for BART,” he says. “I told him I’m a small businessman, and I can get you masks today.”
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                Soon the transit company was placing a $30k mask order. A week after those were delivered, BART bought $46k more.
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                Franklin first started working in sales in the ‘70s for corporations like Johnson &amp; Johnson -- even though he says he was consistently one of the top salespeople, he never got promoted.
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                Around 1991, he launched his own company, First In Packaging, with $25k in startup capital and a $100k line of bank credit. While he has sometimes employed contractors to help him, he mostly works on his own.
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                Around 2000, a friend told Franklin that the cannabis industry was distributing medical marijuana in baggies -- so he decided to offer crush-proof packaging.
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                The cannabis industry was growing rapidly, but no one thought twice about the bags that medical marijuana came in. Franklin made himself essential.
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                 Franklin’s tip for young entrepreneurs of color:
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                Join a networking group. When Franklin was starting out, he became a member of a northern California small business organization. It hosted events with Fortune 500 companies hoping to find new suppliers -- and became a source of some of Franklin’s biggest deals. “Joining those network groups was vital,” he says.
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                One airline’s weird strategy for raising capital in a pandemic: selling its prized artworks
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                Here’s more proof that airlines will do practically anything to plug the giant hole that the coronavirus pandemic punched in their bottom lines: British Airways is
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                 selling off paintings
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                from its renowned art collection to keep itself afloat.
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               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 A stroke of genius?
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                The airline has a large collection that
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                 includes works
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                by British artists Damien Hirst, Peter Doig, and Anish Kapoor.
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                One piece that’s been designated for sale, by Bridget Riley, hangs in BA’s executive lounge at Heathrow airport. It’s been valued “well into seven figures,” one expert told the
                <em>
                 Evening Standard.
                </em>
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                 Going once, going twice...scold!
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                The art sales may help BA shore up its finances, but it can’t paint over its damaged reputation.
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                On Saturday, British lawmakers labeled the airline a “
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                 national disgrace
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                ” over the company’s plan to cut 12k jobs.
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             <strong>
              “I heard you got hacked”
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             Back in February we covered a business in
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              Trends
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             . It was called Brand Yourself. Here’s the TL;DR:
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             In 2010, co-founder Pete Kistler realized a criminal with his name was outranking him on Google. To remedy the situation, he’d be facing a $25k bill. Kistler, along with his cofounders Patrick Ambron and Evan Watson started the “TurboTax for reputation management.”
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             Since then, Brand Yourself has grown to more than 1m customers, has been featured on both Shark Tank and Dragon’s Den, and is bringing in a pretty 8 figures. But they’ve also expanded into an important space: digital privacy.
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             This Thursday, we’re bringing in Patrick to go over how business owners can protect themselves in a world full of hackers, data brokers, stalkers, and blackmailers. He’ll bring tangible tips including who’s tracking your data, the biggest risks for identity theft and data leaks, and what simple actions can be taken today.
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             1️⃣
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              More workers are using
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             corporate donation-matching policies to maximize their financial support for social justice causes.
            </p>
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             2️⃣
             <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
              The release of Christopher Nolan’s "Tenet"
             </a>
             -- the tentpole movie that Hollywood is banking on to usher people back into theaters -- has been pushed back from July 17 to July 31.
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             3️⃣
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              Twitter
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             deleted 170k+ accounts associated with a Chinese political influence campaign.
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             4️⃣  Your Band-Aids are
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              getting more diverse
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             : The bandage maker will manufacture black and brown Band-Aids to better match a range of skin tones.
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             5️⃣
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              GitHub will replace
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             the term “master” on its service with a more neutral one like “main,” to avoid terms that reference slavery.
            </p>
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             6️⃣  Nothing ends old feuds like a lockdown:
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              Airbnb
             </a>
             finally settled its long-running fight with New York City over the sharing of information.
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             7️⃣  Illegal eel smuggling is
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              big business
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             -- and catching the traffickers can be slippery.
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             8️⃣  What does it take to become a
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              contact tracer
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             ? Years of medical experience in some states, a high school diploma in others.
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             9️⃣  Take a look under the hood of “
             <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
              Animal Talking
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             ,” the hottest late-night talk show in the Animal Crossing universe.
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             🔟  Oops: The K-pop kingpins BTS, who have a prominent partnership with Samsung, tweeted a message from… an iPhone. The group’s stan army caught on immediately,
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              and the memes flowed
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             .
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              No, not your mind -- your wallet, keys,
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              can help companies adjust to the future of work.*
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