Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Founded in 2015, Freshly is a New York City-based startup that offers healthy meals delivered to your home in weekly orders, then prepared in a few minutes via microwave or oven, So you get the benefit of fresh, healthy meals but — unlike signing up with a meal kit startup — you don't have to spend a lot of time cooking them yourself. According to Nestlé's press release, Freshly is now shipping more than 1 million meals per week across 48 states, with forecasted sales of $430 million for 2020.
Major Internet platforms will be required to open up their algorithms to regulatory oversight under proposals European lawmakers are set to introduce next month. In a speech today Commission EVP Margrethe Vestager suggested algorithmic accountability will be a key plank of the forthcoming legislative digital package -- with draft rules incoming that will require platforms to explain how their recommendation systems work as well as offering users more control over them.
With the help of drones, we could predict when the next major eruption could happen.