Remembering how to swipe right IRL [Westend61 via GettyImages]
You've heard of Postmates, but have you heard of Postdates? Instead of getting a burrito delivered, you can get your toothbrush and charger retrieved from your ex's house. It's only available in NYC and LA, but that should provide them plenty of business.
Stocks closed out the first half of the year at record highs. The S&P 500 has soared 16% this year, as investors celebrate economic recovery.
Crank the A/C to "Arctic Tundra"... ICYMI: a record-breaking heat wave has been plaguing the Pacific Northwest. Portland makes you think of rainy days in coffee shops — this summer, it feels more like you're in the coffee. The temp in Portland soared to 116 degrees yesterday, hotter than Miami, Dallas, and LA have ever been. Seattle has seen hundreds of heat-induced ER visits, and Portland is dealing with melting power cables and roads.
Too hot to handle... Not for A/C companies. All that sweat means more $$$ for HVAC companies like Carrier, Lennox, and Trane. Not so coincidentally, their stocks are near record highs. There's just one problem: A/C generates tons of carbon emissions. Keeping the world cool requires heavy electricity use, which is often powered by fossil fuels like coal and gas.
A/C companies are their own tailwind... Thanks to the "Conditioning Climate Cycle." A/C helps fight the sweat-inducing effects of climate change, but it also significantly contributes to them. Nineteen of the hottest years on record have been in the past 20 years. That means more people installing and cranking A/C, which means growing sales for HVAC companies — and more climate-warming emissions. But if HVACs can become more sustainable, they can start reversing more of their negative impact, too.
Swipe right on the zucchini pasta... Four months after its IPO, Bumble is doing an IRO: initial restaurant offering. The dating app where women make the first move is opening its first restaurant in NYC this month: "Bumble Brew." The bar/restaurant concept was orginally focused on “date-friendly” food. Read: no splattering sauces or volcanic burritos. Then, the pandemic forced Bumble to put its gastronomic plans on hold, and it emerged with a different mission.
Not just first dates... Bumble wants Brew to be a spot for connections of all kinds, from frittata with friends and family to networking over chardonnay. So it scrapped the date-friendly menu and added riskier choices like squid ink spaghetti.
Apps bring scale, but community brings relevance... If out of sight = out of mind, then Bumble wants to be the opposite — and gain an edge over Match in the process. Bumble shares are down 24% since it IPO'd. Building community with a physical presence could help it get its groove back. That's one reason companies like Warby Parker and AllBirds keep opening physical stores, despite having successful ecomm businesses.
Gympass just doubled its valuation to $2.2B. The corporate wellness platform is thriving thanks to one major pivot.
Tune in to hear why fewer customers can mean more $$$.
Authors of this Snacks own shares of: Amazon, Uber, Match, and Disney