Hustle Newsletters

🧇 Eggo lets go — of its decency

Written by Sidd Finch | Aug 23, 2023 7:00:00 AM
Plus: The trouble with dating apps, Elon’s latest X change, a game where you’re an operating system, and more.

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It’s our journalistic duty to ensure the general public is aware of each new Pokemon. So meet Poltchageist — a portmanteau of “poltergeist” and “matcha” — which is just a pot of matcha, except it’s a little cute and a little scary. If you run across this creature, beware its powdery body: if you touch it or eat food dusted with it, Poltchageist will drain your life force.

In today’s email:

  • Microsoft: How Satya Nadella is riding AI to higher heights.
  • Love in the time of algorithms: Do apps decide if we’re hot?
  • Bottoms up: This Eggo collab gives “boozy brunch” new meaning.
  • Around the Web: A visual history of the iMac, inside surfer Laird Hamilton’s competitive spirit, incredible dog ears, and more.

👇 Listen: Which exec is going first in our fantasy CEO draft?

The big idea

Microsoft’s Satya Nadella: A solid first pick in any fantasy CEO draft

Microsoft’s momentum in AI has its CEO “finally getting cred” as a top Big Tech leader.
2023-08-23T00:00:00Z
Ben Berkley

It’s that time of year when fantasy football geeks arrange their draft boards, but we’re out-geeking them today — playing fantasy boardroom.

If you were drafting execs you’d most want leading a team right now, it’d be hard to argue against Satya Nadella, Microsoft’s leader for nearly a decade now, as a top pick.

In 2023, AI wins count extra

Fast Company’s September cover story spotlights Nadella, claiming he has Microsoft “winning Big Tech’s AI war.”

Nadella doesn’t disagree — he took a victory lap during last month’s earnings call, acknowledging Microsoft’s “in the lead” selling cloud-based AI services. (He later demurred, saying, “Early leads in technology don’t matter”).

But Nadella can’t be blamed for a celebratory mood — his $13B deal with OpenAI rocketed Microsoft to the AI forefront, giving it a first look at the ChatGPT creator’s latest tech. That’s paying off, per Fast Company:

  • Microsoft’s market value, stuck at ~$300B when Nadella took the top job, recently passed $2.5T, positioning the company to join Apple as the only members of the $3T+ club.
  • An Evercore ISI analyst predicted AI could add up to $100B to Microsoft’s annual revenue by 2027, quite the return on a $13B investment.

AI > past missteps

Before the AI boom, Nadella’s run included “laggards,” per CNBC:

  • Bing was long an afterthought to Google’s search dominance.
  • Amazon had AWS running laps around Microsoft’s Azure.
  • Surface PCs never captured imaginations like Apple’s hardware.

Even with flashy acquisitions of LinkedIn, GitHub, and “Minecraft” maker Mojang Studios, Microsoft trailed other Big Tech firms in perception. This year, it’s eliminated 10k+ jobs.

But things change fast in tech. After “betting everything on AI,” the company is back in the driver’s seat, per Wired, and Nadella is “finally getting cred.”

That means lionization on magazine covers — and on theoretical fantasy CEO draft boards.

Reality check: While Nadella is a hot pick right now, anyone who’d instead take Apple’s Tim Cook first isn’t wrong. Also, if anyone is actually playing a fantasy boardroom game, please let us know how you score it.

TRENDING

… will be removed for aesthetic reasons. Feel like you’re missing essential information here? Well, that’ll be the norm if X, AKA Twitter, moves forward with Elon Musk’s latest plan: nixing headlines and description text on the platform’s news links, instead only displaying an article’s lead image. Again, that’s being pursued for aesthetic reasons.

SNIPPETS

Going back to school is always hard on kids, but far harder when they can’t physically get there. A USA Today analysis found at least one “major school bus driver shortage” in every state.

Boxed out: Seeking to appease UK regulators and close its $68.7B Activision Blizzard deal, Microsoft will transfer cloud gaming rights for Activision Blizzard titles to Ubisoft, meaning it won’t be able to release them exclusively on Xbox’s cloud service.

More in cloud services… IBM is selling The Weather Company — which includes The Weather Channel app, Weather.com, and Storm Radar — to a private equity firm. It will keep its weather data, which it uses in some AI models.

Maybe renew that lease today? The average US interest rate on 30-year mortgages rose to 7.48% this week, the highest level since 2000. If you bought at the all-time low — 2.65% in January 2021 — we’re very happy for you.

San Francisco’s first Ikea opens today. The location offers some new features, including a food hall with expanded to-go options, plant-based Swedish meatballs, vegan cinnamon rolls, and an in-store coworking space.

A new kind of bone crunching: Vegan meat company Juicy Marbles is launching plant-based ribs — with edible “bones.” After eating the “meat,” the recommendation is to air-fry or roast the soy-based protein remnant into an additional snack.

Ball-buster: The Sphere, the world’s largest spherical structure, opens next month in Las Vegas with 25 U2 shows. Its parent company confirmed final construction costs of $2.3B — ~2x its original $1.2B estimate.

National Cinema Day will offer $4 tickets to any movie across 3k+ US locations. Nonprofit The Cinema Foundation debuted the event last year, bringing in 8.1m people and $24m.

Brand better: The key to a standout entrepreneurial career? Nailing your personal branding. Here’s how to do it.

Out of date

Do dating apps decide who we get to date?

Do dating apps decide who we deserve to date?
2023-08-23T00:00:00Z
Juliet Bennett Ryla

Gizmodo’s Thomas Germain reported that a friend began noticing his Hinge matches were suddenly meh: “unflattering photos, awkward bios, and prompts with glaring red flags.”

Further investigation revealed that this seems to be a problem across dating apps for people of all gender identities.

Why would they do that?

Dating apps typically try to match similar people, but are somewhat secretive about their algorithms. Tinder previously “scored” people based on their popularity, but has since switched methods, while eHarmony uses an 80-question compatibility quiz.

But dating apps are also here to make money:

  • Tinder Platinum ($24.99/week) allows users to see who’s already swiped yes, message others before matching, and prioritizes their likes above unpaid members.
  • Bumble Premium (starting at $19.99/week) includes unlimited likes, advanced filters, and more time to message back (Bumble deletes matches if the conversation stalls for too long).
  • HingeX ($24.99/month) offers priority likes and “enhanced” recommendations that promise “access to people more your type.”

And it’s working. In 2021, people spent $4.2B on dating apps globally, up 30% YoY.

So they lock up features…

… but what about people?

Hinge — one of several apps, including Tinder and OkCupid, owned by Match Group — told Gizmodo that it only “shadowbans” bad actors.

However, it does use AI to determine a user’s best possible matches, then only allows you to contact them if you send them a “rose.” You get one free rose per week — but you can also buy them, of course.

Free Resource

5 mad skills development templates

You have to keep on learning new things — every day, all the time. Because staying curious is one of those classified secrets to winning at life.

For a stronger sense of structure, try these tidy skill-building templates. Use the space to kick-start new habits, better manage time, read more books, or otherwise get shit done.

You get a template, and you get a template, and…

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We call them “skillets.” They help you break in beautifully.

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Boozy branding

L’Eggo my… booze in a jar?

Kellogg’s latest brand partnership is one part gross and one part genius.
2023-08-23T00:00:00Z
Sara Friedman

That’s not how we remember the Eggo slogan going — and for good reason.

The Kellogg-owned brand, in partnership with Sugarlands Distilling Co., just released a boozy collaboration.

(We feel obligated to warn you that things are about to get weird.)

Inspired — we imagine — by what would happen if you dumped your breakfast plate into a blender and added a shot, Eggo Brunch in a Jar Sippin’ Cream is exactly what it sounds like:

  • The creamy liqueur blends waffle flavors with those of maple syrup, butter… and bacon.
  • Definitely not for kids, the concoction is 20% alcohol by volume.

Why, God, why?

Fair question. This is the second collaboration between the Tennessee distillery and Eggo.

The brands debuted Eggo Nog last fall, just in time for Santa to say, “WTF?!” under the Christmas tree.

Joe Beauprez, Kellogg’s senior director of marketing for frozen foods, says the spiked cream is aimed at parents looking to unwind (while the children, presumably, eat waffles).

It’s not the first weird brand collab…

… and won’t be the last.

Mac and cheese ice cream, Cheetos crop tops, and iced tea sneakers have bravely paved the way for unlikely partnerships.

Just this week, Hailey Bieber’s Rhode Skin announced it’s launching a lip treatment with none other than Krispy Kreme.

So run, don’t walk, because tomorrow is National Waffle Day, and you can’t be the only loser without boozy brunch in a jar.

AROUND THE WEB

💉 On this day: In 2021, the FDA approved the Pfizer-BioNTech covid vaccine for people ages 16+.

🖥️ That’s cool: In honor of the iMac’s 25th birthday, The Verge made a visual history of the iconic computer.

🎧 Podcast: My First Million’s Sam Parr talks with surfer Laird Hamilton about his well-rounded approach to life, the story behind Laird Superfood, and why he’s a vicious competitor.

🤯 Cure boredom: In this game, you are the operating system. Can you keep up?

🐕 Aww: And now, surprise ears.

MEME

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Today’s email was brought to you by Juliet Bennett RylahSara Friedman, .
Editing by: Ben “One bad waffle spoils the whole brunch” Berkley.

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