The Series B that Substack should be afraid of
The other newsletter platform is embracing creators who advertise.
Good morning. I’ll write about Paris and hotels tomorrow, I don’t feel like getting KIDNAPPED today.
Today’s news includes:
News about Substack, the company — competitors, the future of the platform, and more
Another brand is throwing an influencer event at Palm Heights
The New York bar fundraising via… Instagram Story ads (you guys did great in the comment section of Feed Me yesterday by the way)
I’ve decided to make a free Google Doc of internship opportunities — email emily@readfeedme.com if you want to list one
NEWS:
With one week until The Met Gala… the Conde Nast union’s bargaining team is showing a video announcement to management that includes Guild members discussing the reasons they are “ready to strike.” Would be a real shame if there was nobody logged into Vogue’s Instagram on Monday night.
Dominos said that increased advertising on apps like Uber Eats helped boost sales. Quarterly net income jumped 20% from a year earlier, as a five-year strategic plan outlined in December seemed to gain momentum.
Fitness studio chain Barry’s Bootcamp is considering a sale. It’s a repeat of a pre-pandemic effort in which a sale may have valued the company at $700 million, Bloomberg News reported in 2019. The company’s valuation expectations are now higher, one of the people said. I’m sorry, that workout is not for me.
Women don’t have to send the first message anymore on Bumble. Bumble redesigns its app and adds Opening Moves, to let women ask a question men can answer, a major shift that ends the requirement that women message first.
Last year Joe and the Juice was valued at $600mm. This year they launched a collab with Alix Earle and Paris Hilton. Does anyone know anything about the marketing budget of this place? Kind of astounding…
