Components in the News January 3, 2023

What our Analysts Have Been Reading….

    Overview

Relativity Space Plans for First Rocket Launch

Juul to Pay $1.7B to Settle Youth Vaping Lawsuits

SpaceX’s Starlink Announces 1M Users; Starlink V2 Planned to Launch this Month

Plaid Lays Off 20% of Staff

Instacart Introduces Discounted Subscription for SNAP Users

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Relativity Space Plans for First Rocket Launch: The startup’s first 3D-printed rocket has been rolled out and raised vertically, along with a successful Wet Dress Rehearsal.

https://twitter.com/relativityspace/status/1601303058318647296?s=20&t=cvly4IsPHBu1HMHXDfpAfw 

Juul to pay $1.7B to settle Youth Vaping Lawsuits: Juul Labs, Inc. has agreed to pay $1.7B in a broad settlement covering over 5000 lawsuits. Many of these lawsuits claimed that Juul targeted teens, which the company denied.

https://www.wsj.com/articles/juul-to-pay-1-7-billion-in-legal-settlement-11670616693?mod=Searchresults_pos1&page=1

SpaceX’s Starlink Announces 1M Users; Starlink V2 Planned to Launch this month: On Monday, Starlink announced it had reached the 1M user mark. In addition, Starlink’s next-gen satellites are expected to launch later this month. 

https://www.space.com/spacex-starlink-satellite-new-generation-launch?utm_content=space.com&utm_campaign=socialflow&utm_source=twitter.com&utm_medium=social 

https://twitter.com/SpaceX/status/1604872936976154624?s=20&t=cvly4IsPHBu1HMHXDfpAfw 

Plaid Lays Off 20% of Staff: Plaid announced it has laid off 20% of its staff, or 260 employees. Plaid’s CEO Zach Perret says this is due to rapid hiring and growth during COVID, followed by slower growth likely caused by macroeconomic shifts. 

https://techcrunch.com/2022/12/07/plaid-layoff-fintech/ 

Instacart Introduces Discounted Subscription for SNAP Users: Users who have used EBT SNAP through Instacart in the past six months can now purchase a membership subscription for 50% of the regular cost. The company claims it can reach 95% of those experiencing nutritional insecurity in the US. 

https://www.grocerydive.com/news/instacart-discounted-membership-snap/639158/ 

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