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Every Tuesday we want to talk about what’s trending in technology. Our goal is to keep this short, sweet (probably sarcastic), and to the point so you can get your update and get back to work (damn it!). Enjoy!
On Friday (6/16/17) Amazon announced it was offering to buy Whole Foods for $13.7 billion in organic, non-GMO cash. There is a lot to take in here. There are talks of a potential bidding war with other grocery giants, social concerns over effect on current employees, and questions over how food delivery startups will survive in the age of free 2-hour delivery from Whole Foods via Prime Now (we aren’t mad about it).
On that very same Friday Walmart purchased men’s fashion startup for a slightly more tailored price of $310 million in cash. While the founders payday probably isn’t that spectacular after raising $125 million, but at least their customers are excited about the new brand association (he writes sarcastically).
This one is just some good, clean fun. The son-in-law of America’s new supreme commander spoke out against the bane of our government and the only thing standing in the way of America becoming great again — 8″ floppy disks. He additionally spoke on the need for the government to look and function much more like the private sector when it comes to technology. Read more →
In the battle for users first isn’t always best, especially when you are competing against Facebook. Instagram reported that it has now hit 250M daily active users (DAU) for Instagram Stories while Snapchats latest report names a mere 166M DAU. While simply looking at Snaps post IPO performance could probably tell you that it is not competing as was hoped Recode put together a nifty chart showing just how quickly Instgram has added a veritable f*ck-ton of users.
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