1/ In just nine months, 2021 broke all records for US startup funding, by a towering margin. US startups raised roughly $240 billion as of Sept. 30, dwarfing 2020’s full-year total of $166 billion. qz.com/2074714/2021-h…
2/ Lately, startups have been listing on the US stock market at sky-high valuations, delivering huge returns for their early investors. Meanwhile, a greater number of nontraditional early-stage funders have been lured into the startup market. qz.com/2074714/2021-h…
3/ Much of the funding in 2021 has gone to tech startups. Tech is one of the few sectors still delivering massive returns amid inflation fears, supply-chain chaos, and economic disruptions. qz.com/2074714/2021-h…
4/ It’s been a banner year for startup acquisitions and stock listings, both of which allow early funders to recoup their initial investments—plus a handsome profit, if the startup’s valuation has grown enough. qz.com/2074714/2021-h…
5/ Pitchbook data reveals a spike in what it terms “mega-deals,” investment rounds that total more than $100 million. Puffed-up funding rounds like these have minted 373 new startups with $1 billion valuations in 2021 alone. Read more: qz.com/2074714/2021-h…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
1/ Food in the US is getting more expensive, and that’s largely being driven by rising beef prices. In the past year, the consumer price index for food rose 0.9%, while the index for beef rose 17.6%, according to the Bureau of Labor Statistics. qz.com/2074615/why-is…
2/ Covid-19 outbreaks forced meatpacking facilities to shut down, reducing beef production. Labor shortages have also slowed down production, from the food workers processing the beef to the truck drivers transporting it. qz.com/2074615/why-is…
3/ The ongoing supply chain challenges such as rising freight rates are also affecting meat production. Rising corn and soy prices, which make the feed for livestock more expensive, factor into the soaring beef prices. qz.com/2074615/why-is…
The Quartz Daily Brief delivers the most important news stories of the day to your inbox. Here's what you need to know today in six tweets. ⬇️ qz.com/emails/daily-b…
➡️ China’s third-quarter GDP growth slowed to 4.9%
➡️ The US is reopening its border to vaccinated travelers from dozens of countries on Nov. 8
➡️ Former US secretary of state Colin Powell dies at 84
➡️ Squid Game is worth close to $900 million to Netflix qz.com/emails/daily-b…
🔎 For almost half a century, China has seen one of the greatest economic transformations in human history. But the economy is now at another turning point. What would a contracting Chinese economy mean, for both China and the world? qz.com/2072618/could-…
1/ Publishers are warning sellers and consumers that supply chain issues have forced a major slowdown in book production and threaten a shortage of certain titles for the rest of the year. qz.com/2059755/book-p…
2/ One issue is that more people want physical copies of books these days, says Bookazine president of sales Cindy Raiton. Publishers saw print sales jump 18.5% in the first half of 2021 compared to the same period last year. qz.com/2059755/book-p…
3/ The route from printer to the bookstore is currently fraught with bottlenecks. Port congestion, lack of shipping containers, a shortage of dockworkers, and trucking staffing problems are impeding the movement of books from warehouses to stores. qz.com/2060418/why-ar…
1/ As the pandemic continues to ravage parts of the US with low vaccination and high transmission rates, healthcare providers don't just have to deal with a lack of intensive care beds and ventilators, but with a severe lack of nurses. qz.com/2057130/a-trav…
2/ Between the higher demand of an aging population, often excessive workloads, and limited training opportunities, the nation was going to face a significant lack of nurses even prior to Covid-19. qz.com/1940153/how-a-…
3/ The pandemic has added a new element to the generally high turnover: Even nurses who aren’t leaving the workforce are quitting their full-time jobs, joining agencies that will send them as contractors where they are needed. qz.com/2057130/a-trav…
The Quartz Daily Brief provides the most important and interesting news from the global economy. Here's what you need to know today in six tweets. ⬇️ qz.com/emails/daily-b…
➡️ Biden announced mandates for around two-thirds of the total workforce
➡️ Amazon will pay college tuition for its workers
➡️ The US Department of Justice is suing Texas over the state's new abortion law
➡️ Ford will no longer build cars in India qz.com/emails/daily-b…
Saturday marks the 20th anniversary of Sept. 11, 2001, a day that changed the US irrevocably. Now, as then, Milton Glaser's iconic 9/11 poster is helping New Yorkers emerge from the pandemic. qz.com/2051146/milton…
With thousands of tokens floating around the internet, it's not always easy to figure out whether or how to invest in cryptocurrency. Here are some tips and things to watch for. ⬇️ qz.com/2055803/how-to…
1⃣ If it seems too good to be true, it probably is. While some firms promise high returns, virtual tokens tend to be high-risk, may not be regulated, and investors should be prepared to lose all their money. qz.com/2055803/how-to…
2⃣ Check out the code. By going directly to the code, investors can judge whether a founder knows their stuff by examining their programming chops while also looking for weaknesses to a hack. qz.com/2055803/how-to…