Hey Snackers,
Impossible Foods. Beyond Meat. Four more plant-based brands joined the meat-free party just this week. You're only as good as your faux-beef name creativty, so we're ranking 'em here:
Before the big August jobs report arrives today, markets jumped Thursday as China and the US agreed to chat trade war again in early October.
Whip out the pint of gelato and romcom marathon... Tinder-owner Match is feeling the pain as Facebook's dating feature goes live in the US (just update your app and opt-in if you're looking to mingle). Technically, Facebook told us last year that this was coming, but here's the love story timeline.
"If you're a bird, I'm a bird"... The Facebook dating concept is that simple. Since Facebook knows what you like/click/join/share, Zuck thinks he can play match-maker better than Tinder. But the most unique feature we could find in our Snacks research is "Secret Crush":
Instagram is Facebook's surprise +1... That's what crushed Match. Match investors have known for months what Facebook was up to. What they didn't know was how much Facebook's Insta would be involved. Turns out Facebook integrates photos from Insta profiles into the dating feature. Since Instagram is where a whole generation's digital-selves obsessively live, FB Dating is now much more of a threat than Match expected.
This isn't how I imagined my dream IPO... According to WSJ, WeWork is thinking about dropping its valuation in order to IPO down to $20B-$30B. That's half of where it was. The last time WeWork raised money, its valuation reached $47B. This update is just a few weeks after it officially filed its IPO paperwork (aka "the S-1"). Here's what wounded the coworking unicorn:
Tough day for WeWork shareholders (they already exist)... Even though WeWork hasn't IPO'd, its employees, early investors, and venture capitalists already own shares (some as compensation for work). Now the stock could be worth 1/2 what We was hoping for. WeWork's valuation got (very) high as a private company, so when shares hit the public market (and anyone can buy them) their price could come down to reality.
Disclosure: Authors of this Snacks own shares of Lululemon and Beyond Meat
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