A French court ruled in favor of a man who claimed his ex-employer fired him for not being âfun.â
In todayâs email:
Yahoo: Whatâs next for the company?
Chart: Tesla hits some traffic.
Copper: Ore you ready for a shortage?
Around the web: Discovering new creators, all about the slow cooker, awesome kinetic sculptures, and more cool internet finds.
đ§ On the go? Listen to todayâs 10-minute podcast to hear Jacob and Juliet break down Teslaâs shrinking market share, Yahooâs latest strategy, Netflixâs âWordleâ regrets, and a whole lot more.
The big idea
Yahoo is betting on a clickbait powerhouse
Yahoo and its yodel ruled the late â90s internet â but in the years since, itâs seen ups, downs, and a whole lot of acquisitions. So, whatâs next?
This week, Yahoo announced a ~25% stake in ad company Taboola, perTechCrunch.
⌠amid recession fears, Yahoo CEO Jim Lanzone believes it has âhuge windâ behind it in the long term.
The two companies anticipate $1B in annual revenue from their partnership â and they do have a lot of eyeballs.
Yahoo gets ~900m monthly active users across its properties (e.g., AOL, TechCrunch, Engadget, etc.)
Taboola has partnered with 9k publishers and reaches 500m people daily
Plus, Taboola CEO Adam Singolda has promised to help Yahoo advertisers target consumers more effectively, including those on Apple devices.
Yahooâs making moves
In 2021, Verizon sold its media businesses, including Yahoo and AOL, to Apollo Global Management for $5B. Apollo sold off some of Yahooâs assets, and is now focusing on some interesting endeavors, perAxios, such as:
Adding betting to Yahoo Sports. It already offers a paid subscription for people who are really into fantasy sports
Building a âBloomberg for retail tradingâ into Yahoo Finance with a suite of tools for buying and selling stock
Lanzone said Yahoo may also expand its subscription biz, which includes its premium email; invest in ecommerce; or pursue other acquisitions or partnerships.
BTW: Remember when Yahoo had TV? We miss that âOther Spaceâ show.
TRENDING
Spotify Wrapped: Bad Bunny was 2022âs most-streamed artist. Harry Stylesâ âAs It Wasâ was the most-streamed song. And Styleâs âMusic for a Sushi Restaurantâ was definitely the yearâs most corporate tune.
SNIPPETS
An analyst for Twitter in Europe told Platformer that ad revenue there is down 15% YoY and weekly bookings are down 49%. Meanwhile, Elon Musk appeared to cordially meet with Tim Cook just days after declaring âwarâ on Apple.
Netflix CEO Reed Hastings says he âberatedâ his M&A team for not buying âWordle.â He also emphasized that the companyâs focused on games, of which they have three new ones.
San Francisco approved a policy that lets police use robots as a âdeadly force optionâ if absolutely necessary. Feels like the plot of many scary movies⌠Oh well!
SBF may have offered TMI in his latest interview. When asked if his lawyers were suggesting the interview was a good idea, the former FTX CEO replied, âThey are very much not.â
Zhengzhou, home of âiPhone Cityâsâ 200k workers, is lifting its covid lockdown. Since October, analysts estimate disruptions there have cost Apple $1B weekly.
Meta is reducing its real-world footprint, deciding against renewing a 250k+ square-foot office lease in NYC.
Sounds legit: Disgraced Fyre Festival founder Billy McFarland is back with PYRT, a project that will supposedly bring creators to a real island, while anyone can visit a virtual one.
More cuts: DoorDash will lay off 1,250 employees, CNN is making some cuts, and crypto firm Kraken is letting go of 1.1k.
For years, Tesla has enjoyed a majority share of the US electric vehicle market with little competition.
While the companyâs done a great job using its first-mover advantage to expand its lineup, charging network, and factories, this period of nearly unchallenged growth is rapidly closing.
Whatâs happening?
Per estimates from S&P Global Mobility, Teslaâs US EV market share will drop to less than 20% by 2025, down from 65% this year and 71% last year.
As more affordable options become available, Teslaâs entry-level Model 3, which starts at $40k+, is looking increasingly pricey.
To that end, Tesla is reportedly ramping up development of a cheaper Model 3. The company is also delivering its first-ever electric Semi Truck to Pepsi today.
Big picture: Roughly 5.1% of 10.22m vehicles registered in the US through Q3 were electric, up from 2.8% in 2021. Small, but growing fast.
Free Resource
Post-death decluttering and zero-proof spirits
Each week, our analysts are searching for undercovered markets with serious growth potential.
Two intriguing (and unrelated) âflaresâ from a recent Trends newsletter:
Decluttering services: The subreddit r/ChildOfHoarders has seen steady growth since 2018, and the boomer generationâs parents arenât getting younger. We brainstormed ideas to support them.
Nonalcoholic drinks: Cheers to the sober-curious movement, which (if monthly âMocktailâ searches are any indication) is having another round. Hereâs product inspiration, plus DIY opportunities.
There are hundreds of research reports and thousands of startup ideas inside Trends â but the top feature is daily discussions with digital experts.
Test-drive incredible content and community for startups.
New anxiety just dropped: weâre running out of copper â and thatâs a big problem, not just because it means fewer lucky pennies.
Per Fortune, we need copper to build things like water pipes, computers, and phones. Not to mention electric vehicles, and solar and wind power infrastructure.
Making matters worseâŚ
⌠weâve been wasting precious copper resources for thousands of years:
When ore is pulled from the earth, metal is extracted; anything too difficult or expensive to process is discarded.
In the last decade, an estimated 43m tons of copper â worth $2T+ â has been mined but left unprocessed.
Companies are digging up solutions
Jetti Resources â a startup backed by some of the worldâs biggest miners, and recently valued at $2.5B â aims to repurpose all that previously discarded ore.
Enter the rock-munchinâ microbes:
A common type of ore traps copper behind a thin film, where existing mining methods canât reach it.
Jettiâs tech uses a chemical catalyst to break through that layer, and microbes eat the rock to release the copper.
If the mining OGs are ready to share their rocks, tech like Jettiâs could produce 8m additional tons of copper each year by the 2040s.
Thatâs a lot of lucky pennies.
AROUND THE WEB
đ On this day: In 1913, Henry Ford installed the first moving assembly line for mass automobile production, cutting production time from 12 hours to 1 hour and 33 minutes.
đ˛ Thatâs interesting: The history of the slow cooker and how it changed life in the kitchen (and on the road).
đŚ Art: Lucy Jean Green makes kinetic sculptures, like this one of ducks flying over a colorful landscape.
đĄ Useful: This website surfaces interesting creators from across platforms, including YouTube, TikTok, and Etsy.