Patagonia founder Yvon Chouinard, along with his family, gave away control of the ~US$3 billion company to a trust and a nonprofit organization tackling environmental issues.
Adobe agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company if it gets approved.
Walmart has launched its Be Your Own Model tool, which uses a user’s full-body photo to simulate the dressing room experience with Walmart fashion finds.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Can you force Canadian investment 📈 — Should there be more investment in Canadian business? How to invest in viral songs.
A $70,000 pistachio heist 🥜 — Pistachio heist sparks larger cargo theft fears. Canada’s sports bodies are begging for more cash.
Expensive tickets 🎟️— It’s pricer than ever to have fun, just ask Raptors fans. Cities are looking for a place to park new homes.
No more news 🗞️ — Canada looks for answers to mineral slump. Meta’s retiring from the newsroom.
Card games 🃏 — Alberta says “no” to rampant renewables. Sports cards reel in big bucks.
Brain drain 🧠 — Banks brace for bad loans, Canadian miners are fleeing.
Coming in hot 💻 — Proposed online safety laws come in hot. Germany legalizes recreational cannabis.
Grounded 🛬 — Another budget airline bites the dust. Why chocolate prices are high, and likely going higher.
Smoke ‘em 🚬 — Running out of pipeline capacity. Banning menthol cigarettes.
Vintage wine 🍷 — Cold snap lays B.C.’s wine crop to waste. Uber launches delivery robots in Japan
Cybercrime setback 💻 — The law locks out LockBit hackers. Alberta’s tourism industry gets new immigration stream.
Hat trick 🏒 — Women’s hockey breaks records, Maple Syrup bounces back.
Defence dollars 💸 — NATO nations are spending, Waymo pulls driverless cars.
Roblaw$ 🛒— T-Shirt dispute, Alberta’s booming honey industry.
Not guilty 👩⚖️— Canada’s short on judges, The cost of the World Cup.
Catalogue for sale 🎶 — Biden joins TikTok, Investors flock to music catalogues.
AI Spy 🕵️♀️ — Bosses turn to AI to spy on workers, Investors flock to psychedelics.
Bowl-o-rama 🎳 — Bowling is booming in Canada, Google’s got a new chatbot.
Skating by taxes ⛸️ — Leafs captain takes on fight against CRA. Canadian miners look for help.
WeWork back 🏢 — WeWork has a familiar buyer. AI content on Meta.
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