1) NEW company pivot you didn’t expect
: Throughout the years, standalone camera’s became as popular as a fart in a spacesuit. If ‘Kanon’ didn’t want to be remembered by youngsters as the company that sold things that resemble the ‘Instagram’ logo, things needed to change. Big time. So they pivoted into .. -waitforit- pharmaceuticals. The US government recently gave the company a whopping $765 million loan to support its efforts to produce ingredients needed for drug manufacturing.
Let’s hope this pivot turns out better than their previous company pivot into their ‘Kodakcoin’ cryptocurrency.. (I wish I was joking.)
2) NEW article we enjoyed reading
: If you scroll through Instagram/Facebook every once in a while, you’ve probably encountered a shady looking business called Wish. Wish seems to sell all kinds of crazy stuff on their website. How crazy you might ask? I’ve seen ads for a prosthetic tongue.. Nuff said! If you haven’t encountered these odd ads yet, consider yourself lucky. The tricky thing is that, despite these weird ads, Wish is a massive multi billion dollar company.. Check out this interesting article on WHY wish uses these weird ads.
4) NEW niche we discovered
: We don’t like people telling us all good ideas are already taken. Get creative! There is always a niche you can jump into. Like Zappos recently did. The (Amazon owned) eCommerce retailer will start selling single shoes & mixed pair shoes.
Apparently, the market for footwear designed to meet the needs of people with disabilities and specific health conditions is expected to reach $10.6 billion by 2024. Cool! But why is the one-legged market segment growing larger & larger though? 🤔
5) NEW insight you probably didn’t realize
: I don’t want to presume anything buttt .. chances are pretty slim you’re an advanced data scientist who is familiar with machine learning & AI. But did you know you (yes, YOU!) have been training AI models for years now? Don’t believe me? Read this article and be amazed.
Long story short. Remember last time when a reCAPTCHA asked you to identify a street sign? You were basically helping Google’s self driving cars navigate the streets. Kudos!