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July 6, 2020 
What we're talking about this week:
LEMONade  🍋
LuluLEMON 🍋
(and.... other things)

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🍋
Making Lemonade 
summed up: The insurance tech startup, Lemonade, went public and made that $$lemonade$$.



Explain...
Lemonade is changing the insurance game. It uses artificial intelligence to make claims virtually painless-- and made $63.8M in total revenue in 2019. Forbes called Lemonade "a next generation AI company." 


💰
What's important about it?

Lemonade ended its first day on Wall Street up 140% at $69.41 per share. The company went from being worth from $1.6B to over $3B....IN ONE DAY. 
 

Read more here.

stay informed.

🍋+ 😅
Mirror, mirror on the wall
summed up: Lululemon announced its first acquisition last week.



Details plz...
On Monday, Lululemon announced it is buying the in-home fitness startup Mirror for $500 million. Mirror was founded in 2018 and raised a total of $75M in venture funding by some big, ~fancy~ names such as Steve Cohen's Point72 Hedge Fund.


⏱️
Why Mirror?
With the pandemic, Mirror app downloads skyrocketed to over 1000% every month. Oh... and the CEO Brynn Putnam said that she believes Mirror is "the next iPhone." Fingers crossed, luv xx 
 
Read more here
🤖
In other news...

🏎️
Tesla (valued at $208 million) is now worth more than Honda, Ferrari, BMW, GM, Nikola....
COMBINED

🍲
Uber has its eyes on Postmates for
$2.6B. 

👓
Google acquired
North (a computer interface + smart glasses startup.) Is this an attempt at Google Glass 2.0? 


🚎
Unrelated.... buuuut is anyone else seriously considering
#VanLife? 

 

 a quick note.

Hi!
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HAVE A GOOD WEEK. STAY SANE + HEALTHY + EDUCATED!! 
xo the root (aka ilana + eve)


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The Root is here to keep ya woke, informed, and invested 🤑
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