News ⚡ — Thursday, June 27
Nike withdraws products after brand partner UNDERCOVER vexed China. StockX becomes a sneaker marketplace unicorn. Converse’s renew initiative is rethinking waste.
1. ?♂️ Nike withdraws products after brand partner Undercover vexed China
Nike immediately withdrew the products after the iconic Japanese brand publicly supported Hong Kong’s anti-extradition bill movement. Politics.
2. ? StockX is the first billion-dollar sneaker reseller
StockX is one of several online marketplaces that have turned resales of shoes into a big—and highly valued — business. Kicks.
3. ? Three ways converse’s renew initiative is rethinking waste
For one, Converse Renew reimagines the iconic Chuck Taylor using post-consumer and post-industrial waste. Evolution.
4. ⌚ A Rolex Daytona has watch collectors green with envy
Two years ago, the watch was nigh impossible to sell with its emerald-colored sunburst dial. Now, it’s almost impossible to get. Rarity.
5.? Fraudulent 35mm film branded with “FUJIFILM” has been found in stores
The improperly labeled 250D and possibly 64D, 250T and 500T film stocks are considered dangerous because they contaminate developer solution. Fujifakes.
6. ? NTWRK moves into live IRL events
It’s been described as a blend of QVC and Twitter and Twitch and they just got a new slice of money from investors like Drake and Live Nation to expand into physical events. Expansion.
7. ? Presidential hopeful Andrew Yang will give a Twitter user $1,000 a month in basic income
The random user that retweets and follows him by July 4 will receive the universal basic income, one of Yang’s key campaign promises. Stunt.
8. ? How the Green New Deal could reshape the fashion industry
Fashion and manufacturing contribute to about a tenth of the world’s greenhouse gases. But startups are showing their more established counterparts how to build carbon-neutral businesses. Responsibility.
9. ? Don’t trust Libra, Facebook’s new cryptocurrency
Libra will almost exactly replicate all the problems generated by the company’s social network. Trust.
10. ? Arby’s unveils the marrot, a carrot made of meat
The move is a gleeful troll by the carnivorous fast food chain that recently announced it’s never going to sell fake meats like the Impossible Burger. Specifically, the marrot is a seasoned, marinated turkey breast, cut and rolled into the shape of a carrot. Trololol.
See all our recent News ⚡ updates here.
v8 (current): Added an intro paragraph, not that it needed it but it makes it easier for us to share quickly to social media (which we were slacking on). Added an OptaJoe-inspired one-word conclusion. Inspired.
v7: <h2> gone, that was real quick (one flash). We’re testing <strong> instead for headlines
v6: Highlighted the titles as <h2> headers. Not sure we like it…
v5: Changed the order of the update entries (recent to oldest). A photo now accompanies the News ⚡ as prior there were issues with not having an image preview on social media.
v4: Went from 5 links to somewhere under 10.
v3: changed the URL slug from the emoji to flash.
v2: added a short one-liner to add a bit more context.
v1: numbered list, with emojis and a headline. Decided on five links for brevity and focus.