Hey Snackers,
We spotted a self-driving headline: Waymo (Alphabet's autonomous car division) just launched in the App Store to the public — Phoenix residents can now sign up for its robotaxis to Waymo around in the dry heat.
Markets rose Thursday before the big November jobs report shows up to work on Friday morning.
Take the toiletries. Leave the blouse... Marriott's W Hotels is partnering with subscription clothing pioneer Rent The Runway to deliver vacay gear straight to your suite. For an extra $69, you get 4 Rent The Runway garments for the duration of your stay. And it's available at 4 W hotels: Aspen, South Beach, DC, Hollywood. Here's how "don't BYO clothes" goes down:
2019 didn't fit right... Good timing on the partnership, because this year challenged Rent The Runway. First, retailers Urban Outfitters, Banana Republic, and Bloomingdale's launched their own subscription clothing services. Then, Rent The Runway's logistics systems broke down, causing a freeze in the service and no new subscribers for weeks.
Partnerships are hacky marketing — and that’s smart... Facing all that fresh competition, Rent The Runway has pursued partnerships (aggressively): They've got drop-off boxes for your worn dresses at Nordstroms and WeWorks. Now add the W to the partnership mix. Partnerships are a hustling way to snag new customers:
Power Couple... General Motors' new partnership with LG isn't about sticking LG phones into GM sedans. We're talking batteries. The South Korean tech icon makes batteries too, and GM needs hundreds of thousands of them for its electric car fleet. This partnership is a win for the Midwest:
Batteries are what make electric cars expensive... Without gas, the horses need to be powered by batteries. Big ones. Thousands of times bigger than the battery in your iPhone. The price of those batteries is the main reason electric cars are about 50% more expensive than gas ones.
Joint ventures are like workout buddies... They help you train better, keep you accountable, and push you to lift more (always have a spotter). GM brings the car expertise while LG owns the battery mastery — together, they each own 50% of the new company. JVs can help do more at lower costs, but only if the 2 companies overcome trust issues:
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