First up, I chat about Uber and it's upcoming debut on May 10 as a public company on the New York Stock Exchange. The company has been drumming up investor interest by pitching itself as another Amazon--investing a boatload of money in expanding its offerings (think Uber Eats) and biding its time until its huge losses--$1.8 billion last year--flip into a profit. The problem? There's already an Amazon and it doesn't face the kind of competition Uber does.
Assistant editor Cameron Albert-Deitch talks about an already publicly traded company, Spotify. The Swedish music-streaming giant hit 100 million premium subscribers in its first quarter, making it the largest player in its industry by paid users. However, it is still losing money--$158 million in the first quarter of 2019--and it will soon be competing against Google and Amazon, which are reportedly planning on entering the space.
Also, staff writer Kevin Ryan has the scoop on the future of the millions of plastic gloves used by fast-food workers. While most end up in landfills, Chipotle is undergoing a massive pilot project to try and change that. The company is tapping Revolution Bag, a Little Rock-based startup that converts the used gloves into garbage bags, which could help prevent tons of waste from finding its way into oceans.