Top of the Order:
Squeezing Every Penny: By now, you’ve probably heard about Juicero, the San Francisco-based startup that secured $120 million in venture capital funding to make a machine that will squeeze bags of produce into juice and costs $400 to purchase. But, hey, the things used to cost $700 before Juicero cut the price earlier this year, so $400 is practically a steal, right?
Earlier this week, Juicero found its reputation squeezed, if you will, after a report from Bloomberg determined that almost as much juice could be gotten from squeezing one of Juicero’s produce bags by hand as could by squeezing the bag with a Juicero machine. This, of course, blew up the internet for a while, and brought into question the sanity of Silicon Valley and the Bay Area as the rest of the world wondered why anyone would be willing to write $120 million in checks to fund Juicero, or lay out $400 to buy one of its machines.
Juicero has maintained that, sure, while you could squeeze the juice bags yourself, you wouldn’t be getting the full effect of all the juicing nutrients that come when its machine smashes down on the produce packs. Juicero limits the purchase of its juice bags to owners of its machines. But, spilled juice is spilled juice, no matter how it was squeezed. And as such, Juicero has said that if you’re not satisfied with your Juicero machine, for the next 30 days, you can return it to the company for a full refund.
It will be interesting to see if Juicero reveals how many customers return their machines. The company must be hoping that if you are willing to pay $400 to have a Juicero squeeze your juice, then you’ll want to keep your hands clean from the mess of hand-squeezing and you’ll stick with your high-tech juicing investment.
For the rest of us, there’s still Minute Maid.
Brains! Brains!: Elon Musk doesn’t take on small problems. Automobiles? Build a cool-looking, high-end battery-powered car. Space travel? Get the rockets out to Cape Canaveral. Soul-crushing traffic? Welcome to the Boring Company, which Musk says will soon dig tunnels for traffic that will go under parts of Los Angeles.
But why stop there? Elon wants your brain. And to link it to a computer in order to challenge all the artificial intelligence technology that is on the rise. Musk’s computer-to-brain initiative is a San Francisco-based company he calls Neuralink, and he has given some more insight into all the electrodes that he hopes Neuralink will soon be connecting to our heads.
Not So Fast…: Anyone who was expecting Uber to finish up its internal sexual-harassment investigation is going to have to keep on waiting a little while longer. On Friday, Uber said that the probe, headed up by former U.S. Attorney General Eric Holder, won’t be done by the end of April, as originally planned. Uber board member Arianna Huffington said that Holder and another attorney investigating the matter have asked for more time to complete their work, which is now expected to be finished by the end of May.
Bottom of the Lineup:
Here’s a look at how some leading Silicon Valley stocks did Friday…
Movin’ on Up: Advancers included Proofpoint, Gigamon, NeoPhotonics, Oclaro and Barracuda Networks.
In the Red: Declines came from Electronics for Imaging, Nektar Therapeutics, Sanmina, FormFactor and Depomed.
The tech-focused Nasdaq Composite Index shed 0.1 percent to finish at 5,910.52.
The blue chip Dow Jones Industrial Average pared back by 0.2 percent, and ended the day at 20,547.76.
And the broad-based Standard & Poor’s 500 Index fell by 0.3 percent to 2,348.69.
Quote of the Day: “The magnitude of this alleged crime is an affront to ethical medical professionals.” — State Insurance Commissioner Dave Jones, speaking about a case in which four East Bay doctors are alleged to have taken part in a $40 million medical insurance scam.
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Published at Fri, 21 Apr 2017 21:41:05 +0000