☑️ Trade-in. Drivers in Chicago, LA, and San Francisco may want to trade in their cars for ridesharing, and not just because traffic in each of those cities is a goddamn nightmare. Lyft is offering app credits to people who agree to sell their cars through car-vending machine Carvana in each of those metropolises. Those who do make the switch will receive a $250 Lyft credit, and three free months of Lyft’s Pink service, which provides 15% off every ride, and 90 minutes of free scooter or bike rental. Because nothing says “practical” quite like a scooter in Chicago in February.
☑️ “Mint, anyone?” – not Juul, anymore. The vape peddler announced that it would halt the sale of its mint-flavored pods voluntarily. While the company has faced pressure from legislators to curb fruit-flavored pod sales, a Juul spokesman said that popularity of the flavor among teens was the deciding factor. A few large retailers, namely the Wals (Walmart and Walgreens) have already have discontinued sales. Juul is the hero America needs right now.
☑️ Mind the Gap. CEO Art Peck is leaving Gap, effective immediately, and Robert Fisher, the son of Gap’s founders, will step into the role temporarily. Peck had been the head honcho at Gap since 2015, and had been with the company for more than 15 years. This isn’t Fisher’s first rodeo as interim CEO, either. The current chairman of the firm was also interim CEO in 2007 after Paul Pressler was sent packing. The news hit GAP shares hard, leading to a 7% drop in after-hours trading. How pathetic is Bobby Fisher? He’s been passed over for the CEO job of the family business TWICE.
☑️ School’s out. WeWork-owned coding academy, Flatiron School, announced Thursday that dozens of employees were being laid off. Around 75 employees were given notice, in a move that employees said was framed as “restructuring.” WeWork bought Flatiron back in 2017 for $28M, and alleges that the layoffs are part of a plan to “focus on profitability” for the school in 2020. Because if there’s one thing WeWork knows about, it’s making a profit…
☑️ New Coke. Coca Cola is jumping on the seltzer wagon. And just 5 years too late! The company announced yesterday that it would be rolling out its new AHA seltzer brand in the spring of next year. The brand will replace Coke’s Dasani Sparkling Water, and will include flavors like Citrus Green Tea and Black Cherry + Coffee, which will contain real caffeine. Coke will also add new flavors to Smartwater, its line of electrolyte powered H20. No word on whether or not Santa and the polar bears will be switching to seltzer next holiday season.