You rely on Crowdability to bring you the best deals. Now, rely on us to share the most up-to-date news, trends and opinion. You won’t find this stuff in the mainstream press. Look for it every Friday morning.
Netflix Nearly Blows $46 Billion
In the year 2000, Netflix (NASDAQ: NFLX) tried to sell itself to Blockbuster for $50 million. Blockbuster laughed it out of the office. Fast-forward 15 years: Netflix is worth $46 billion; Blockbuster is a big fat zero. Sorry Blockbuster.
Listen Up! Vinyl’s Hot
Revenues from vinyl record sales are going through the roof. In the first half of 2015, vinyl sales reached $226 million—that’s way more than Spotify’s ad-supported streaming services brought in. Get the spin here.
Clothing Company Takes on Silicon Valley’s Tech Elite
Baltimore-based Under Armour (NYSE: UA) has built a great business making athletic clothes. So why did it recently spend nearly $1 billion to buy up a bunch of “apps” built by Silicon Valley tech geeks? Stick to your knitting!
Drones Attack—and Get Fined Nearly $2 Million
On Tuesday, the Federal Aviation Administration threw a $1.9 million fine at a Chicago-based drone company. The infraction? Endangering the safety of regulated airspace with 65 joyrides over New York City and Chicago. Fly high, sweet drones.
[Shocking Video] Real-Life “Iron Man”
After an American commando died kicking in a door in Afghanistan, the top commander of U.S. Special Operations vowed to prevent similar tragedies. Now the military is readying a battery-powered exoskeleton made of liquid armor. Gear up for battle.
