The bottom line
More people are joining the gig economy, but they’re taking home less than ever. Drivers for ride-sharing and delivery firms, including Uber, Lyft, and Postmates, made 53 percent less on average in 2017 than in 2013, with monthly earnings falling from $1,469 to $783. Some 2.4 percent of all American workers—about 1 in 40—had a transportation gig this year.
Eighty-three percent of companies that had initial public offerings (IPOs) on U.S. stock markets in the first quarter of 2018 were losing money before their debut. That’s the highest number on record, beating the previous record—81 percent—set during the dot-com boom in 2000.
The Wall Street Journal
The exotic arowana, aka the dragon fish, has become a status symbol in Asia, where it is thought to bring good luck. Nearly gone from the wild, they are bred for sale; an albino adult—which can grow up to 3 feet long—may go for $70,000, and some specimens are rumored to fetch up to $300,000.
Venture capital firms poured a record high $85 billion into startups last year. That’s triple the $28 billion a year typically invested before 2011.
Just four years after the launch of the Amazon Echo, 24 percent of U.S. households own a smart speaker, and 40 percent of those households own more than one. Owners typically use their speakers for 65 minutes a day during the week, and 72 minutes a day on the weekend.