1. ‘Spotify for Textbooks’
Perlego has raised $4.8M towards funding, what founders, Gauthier Van Malderen and Matthew Davis, coin to be the ‘Spotify for textbooks.’ The company’s plan is to provide students and professionals access to over 200K eBooks when they agree to subscribe to the service and pay $15/month. The classic ‘professor forces student to buy a required $200 book’ we all grew up on was bound to be disrupted. This subscription could save thousands of dollars for students and employees worldwide. By partnering with 650 publishers including Oxford University Press, Princeton University Press, and Cengage Learning, the company just might have all the resources they need to pull this off.
2. New iPhone Release
We’re hours away from the release of the new… iPhone(s)? Leaked images of the “prototypes” have already been released. All of the leaks suggest three new iPhones: an updated version of the 5.8-inch iPhone X with an OLED screen (thinner, lighter and more flexible than an LCD screen); a larger 6.5-inch OLED model; and the 6.1-inch XS model with an LCD screen, which is expected to be the most affordable of the three. For the first time, Apple will be streaming their iPhone announcement on Twitter in order to reach a wider audience. All of this is speculation should be confirmed in just a few hours when Apple makes their official announcement.
3. VW Sued for Another $10.6B
After paying $32B in penalties to customers and regulators for their emission scandal in 2015, Volkswagen is now being sued by their own shareholders for $10.6B. Talk about a family feud! The investors have accused VW of failing to disclose mandatory information about the forthcoming setback inflicted on its investors. The company waited 4 whole days to notify its shareholders, letting them sit aimlessly as they lost 37% of their value. No matter the outcome of the trial, VW still has a lot of rectification to complete, as just last week the company recalled 10K SUVs for airbag defects.
(Source: The Hustle)