Wearables aint shareables…

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x=0,E=e(4)},{}]},{},["loader"]);<br /> <!--<br /><!--[if (gte mso 9)|(IE)]>--></p> <p> table {border-collapse: collapse;}<br /> table, td {mso-table-lspace: 0pt;mso-table-rspace: 0pt;}<br /> img {-ms-interpolation-mode: bicubic;}</p> <p></p> <div class="webkit" style="font-family: arial, sans-serif"> <table bgcolor="#FFFFFF" border="0" cellpadding="0" cellspacing="0" class="wrapper" style="width: 100% !important" width="100%"> <tbody> <tr> <td bgcolor="#FFFFFF" valign="top" width="100%"> <!--[if (gte mso 9)|(IE)]>--></p> <table width="600" align="center" cellpadding="0" cellspacing="0" border="0"> <tr> <td> <table align="center" border="0" cellpadding="0" cellspacing="0" class="outer" role="content-container" width="100%"> <tbody> <tr> <td width="100%"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <td> <!--[if (gte mso 9)|(IE)]>--></p> <table width="600" align="center" cellpadding="0" cellspacing="0" border="0"> <tr> <td> <table align="center" border="0" cellpadding="0" cellspacing="0" style="max-width: 600px;padding: 0 0px;width: 100%" width="100%"> <tbody> <tr> <td align="left" bgcolor="#FFFFFF" role="modules-container" style="color: #000000;padding: 0px;text-align: left" width="100%"> <table align="center" border="0" cellpadding="0" cellspacing="0" class="module preheader preheader-hide" role="module" style="color: transparent;height: 0;width: 0" width="100%"> <tbody> <tr> <td role="module-content"> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"> </td> </tr> </tbody> </table> <table align="center" border="0" cellpadding="0" cellspacing="0" class="module footer" role="module" width="100%"> <tbody> <tr> <td bgcolor="#ffffff" style="padding: 10px 0px"> <table align="center" border="0" cellpadding="0" cellspacing="0" style="padding: 0 5px" width="100%"> <tbody> <tr role="module-content"> <td align="center" class="templateColumnContainer" valign="top" width="100%"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr id="intro"> <td colspan="2" style="color: #000000;font-family: 'Courier New',courier,monospace;font-size: 18px;letter-spacing: -1px;line-height: 120%;padding: 20px 0">6 Fitbit employees were indicted on charges of stealing trade secrets from their previous employer, Jawbone.</td> </tr> <tr style="vertical-align: bottom"> <td class="leftColumnContent" role="column-one" style="height: 100%;padding-top: 20px"><a href="http://thehustle.co/?utm_source=daily&utm_medium=email&utm_campaign=top%20logo" target="_blank" style="color: #000000;font-family: 'Courier New',courier,monospace;font-size: 24px;font-weight: bold;line-height: 100%;text-decoration: none">The Hustle</a></td> <td class="rightColumnContent" role="column-two" style="font-family: 'Courier New',courier,monospace;font-size: 12px;font-weight: bold;height: 100%;line-height: 18px;text-align: right" align="right">Mon, Jun 18</td> </tr> </tbody> </table> <table border="0" cellpadding="0" cellspacing="0" class="module" role="module" width="100%"> <tbody> <tr> <td bgcolor="#ffffff" role="module-content" style="padding-top: 10px" valign="top"> <a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none"><img src="http://blog.doral360.com/wp-content/uploads/2018/06/fitbit_20180616011114.gif" style="height: auto;width: 100%" /></a> </td> </tr> <tr> <td style="font-family: 'Courier New',sans-serif;font-weight: bold;line-height: 120%;padding-top: 10px">Brought to you by <a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none">Burrow</a>… the internet’s favorite couch.</td> </tr> </tbody> </table> </td> </tr> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Fitbit employees charged with stealing trade secrets from ex-rival Jawbone</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">6 current and former Fitbit employees have been hit with a <a href="https://www.reuters.com/article/us-jawbone-fitbit-court/fitbits-six-current-ex-staff-indicted-in-jawbone-trade-secrets-case-idUSKBN1JB0N4" target="_blank" style="color: #ed4d1f;text-decoration: none">federal indictment</a> over the theft of trade secrets from one-time rival, and early bluetooth wearables pioneer, Jawbone.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The indictment alleges each defendant knew that the trade secrets were stolen and that they were possessed without authorization.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">According to court documents, the individuals had all worked for the now-defunct Jawbone for at least a year between 2011 and 2015, before being employed by Fitbit.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Which is right when it all began</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Shortly after Fitbit filed for an IPO in 2015, Jawbone filed <a href="https://www.forbes.com/sites/davidphelan/2018/06/16/fitbit-employees-charged-with-possessing-jawbone-trade-secrets/#2361aafc2b32" target="_blank" style="color: #ed4d1f;text-decoration: none">3 lawsuits</a> in less than two months against their wearables foe for attempting to “systematically plunder” talent, intellectual property, and trade secrets (300k confidential files-worth).</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">In 2016, a judge ruled in Fitbit’s favor finding that “no Jawbone trade secrets were misappropriated or used in any Fitbit product, feature, or technology.”</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">However, the fight continued over the other patent discrepancies, until the companies reached a <a href="https://www.wareable.com/fitbit/jawbone-fitbit-legal-dispute-over-settlement-4494" target="_blank" style="color: #ed4d1f;text-decoration: none">global settlement</a> agreement resolving all outstanding litigation in December 2017.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>But by then, Jawbone had already gone out of business</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Founded in 1999, the company was one of the OG makers of bluetooth headsets before they diversified into fitness bands and speakers (one of the early innovators in the revolutionary Jambox craze).</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">According to <a href="https://www.theinformation.com/articles/jawbone-to-be-liquidated-as-rahman-moves-to-health-startup?shared=zpQyNUoFT28" target="_blank" style="color: #ed4d1f;text-decoration: none"><em>The Information</em></a> (paywall)<em>, </em>the consumer electronics firm was once valued at $3B, but their early success was swiftly overshadowed by other copycat competitors (like Fitbit), plus <a href="https://www.theinformation.com/articles/what-went-wrong-at-jawbone" target="_blank" style="color: #ed4d1f;text-decoration: none">costly mistakes</a> in design and manufacturing, that eventually led to their demise in 2017.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>And now, here we are again </strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Jawbone co-founder and CEO Hosain Rahman has since <a href="https://techcrunch.com/2017/07/06/jawbone-is-being-liquidated-as-its-ceo-launches-a-related-health-startup/" target="_blank" style="color: #ed4d1f;text-decoration: none">founded</a> a health-related software and hardware company called Jawbone Health that will be servicing not only Jawbone’s devices moving forward, but also the new litigation. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">In a statement to <a href="https://www.theverge.com/circuitbreaker/2018/6/15/17467820/fitbit-employees-charged-stolen-jawbone-trade-secrets-jawbone" target="_blank" style="color: #ed4d1f;text-decoration: none"><em>The Verge</em></a>, Jawbone Health said these indictments further validate their claims made back in 2015.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The 6 employees are scheduled to make a first court appearance on July 9, and could face up to 10 years in prison if convicted.</p> </td> </tr> <tr> <td id="link" style="font-family: 'Courier New',courier,monospace;font-size: 26px;line-height: 120%;padding: 15px 0;text-align: center" align="center">Lots of time to get those steps in</td> </tr> <tr> <td> <table style="text-align: center;width: 100%"> <tbody> <tr> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://www.facebook.com/hustlecon/posts/2052155025044357" target="_blank" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img src="http://blog.doral360.com/wp-content/uploads/2018/06/share_fb-9.jpg" /></a></td> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://www.linkedin.com/shareArticle?mini=true&summary=Wearables%3A+Can%E2%80%99t+live+with+them%2C+can%E2%80%99t+step+without+them+%28nailed+it%29.&url=https%3A%2F%2Fthehustle.co%2FFitbit-Jawbone-trade-secrets%3Futm_campaign%3D6%252F18%253A%2BFITBIT%26utm_content%3DFitbit-Jawbone-trade-secrets%26utm_medium%3Demail%26utm_source%3Ddaily" target="_blank" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img src="http://blog.doral360.com/wp-content/uploads/2018/06/share_li-9.jpg" /></a></td> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://twitter.com/intent/tweet?text=Wearables%3A+Can%E2%80%99t+live+with+them%2C+can%E2%80%99t+step+without+them+%28nailed+it%29.&url=https%3A%2F%2Fthehustle.co%2FFitbit-Jawbone-trade-secrets%3Futm_campaign%3D6%252F18%253A%2BFITBIT%26utm_content%3DFitbit-Jawbone-trade-secrets%26utm_medium%3Demail%26utm_source%3Ddaily&via=Hustle_Says" target="_blank" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img src="http://blog.doral360.com/wp-content/uploads/2018/06/share_tw-9.jpg" /></a></td> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://thehustle.co/Fitbit-Jawbone-trade-secrets?utm_campaign=6%2F18%3A+FITBIT&utm_content=Fitbit-Jawbone-trade-secrets&utm_medium=email&utm_source=daily" target="_blank" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img src="http://blog.doral360.com/wp-content/uploads/2018/06/share_new-9.jpg" /></a></td> </tr> </tbody> </table> </td> </tr> <tr> <td id="break1" style="border-bottom-color: #dddddd;border-bottom-style: solid;border-bottom-width: 1px;height: 30px"> </td> </tr> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Royal Caribbean invites the ultra-rich aboard with $1B purchase of rival line Silversea</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The American cruise provider Royal Caribbean acquired a <a href="https://www.bloomberg.com/news/articles/2018-06-14/royal-caribbean-bets-on-luxury-with-2-billion-silversea-stake" target="_blank" style="color: #ed4d1f;text-decoration: none">66.7%</a> stake in Monaco-based cruise company Silversea for $1B -- challenging the industry leader, Carnival, for cruising’s crown. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Vacationers’ continued love of buffets, beaded cornrows, and Señor Frog’s shirts have <a href="https://www.fool.com/investing/2018/06/14/why-royal-caribbean-cruises-ltd-stock-rose-today.aspx" target="_blank" style="color: #ed4d1f;text-decoration: none">tripled</a> Royal Caribbean shares over the last 5 years, giving the company enough cash for the big buy.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>The cruise industry is sailing full steam ahead</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">If you thought nobody went on cruises anymore, think again: Cruise passengers <a href="https://www.cruisemarketwatch.com/growth/" target="_blank" style="color: #ed4d1f;text-decoration: none">increased</a> from 7m in 2000 to 25m+ in 2017, and over the next decade, the 5 largest cruise lines plan to <a href="https://www.cruiseindustrynews.com/cruise-news/18834-largest-cruise-companies-projecting-significant-10-year-annual-capacity-growth.html" target="_blank" style="color: #ed4d1f;text-decoration: none">expand</a> carrying capacity as much as 114%.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Now, to sail to the front of the fleet, Royal Caribbean is tapping Silversea’s ‘ultra-luxury’ user base.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Silversea will put the ‘Royal’ in Caribbean</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Silversea’s 9 ships carry a maximum of <a href="https://www.fool.com/investing/2018/06/14/why-royal-caribbean-cruises-ltd-stock-rose-today.aspx" target="_blank" style="color: #ed4d1f;text-decoration: none">600</a> passengers -- many of Royal’s 50 ships, in contrast, carry <a href="https://www.afr.com/business/tourism/royal-caribbean-almost-swallows-silversea-whole-20180615-h11f9b" target="_blank" style="color: #ed4d1f;text-decoration: none">5k</a>+. But while Royal Caribbean price tags max out at about <a href="http://fortune.com/2018/06/14/royal-caribbean-cruises-buys-billion-dollar-silversea-majority-stake/" target="_blank" style="color: #ed4d1f;text-decoration: none">$3k</a> -- Silversea offers a <a href="https://www.bloomberg.com/news/articles/2018-06-14/royal-caribbean-bets-on-luxury-with-2-billion-silversea-stake" target="_blank" style="color: #ed4d1f;text-decoration: none">$240k</a>, 140-day ‘World Cruise.’</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">In other words, Royal Caribbean may be a big fish in the cruise industry -- but Silversea is caviar.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">After the purchase, Royal Caribbean stock increased as much as <a href="https://www.bloomberg.com/news/articles/2018-06-14/royal-caribbean-bets-on-luxury-with-2-billion-silversea-stake" target="_blank" style="color: #ed4d1f;text-decoration: none">7%</a> -- and revised revenue forecasts from April still indicate that it’s smooth sailing ahead for Royal Caribbean.</p> </td> </tr> <tr> <td id="link" style="padding: 10px 0"> <table class="emailshare" style="border-spacing: 0;font-family: 'Arial',sans-serif"> <tbody> <tr> <td style="background: #000000;border: 2px solid #000000;height: 21px;padding: 0;text-align: center;vertical-align: middle;width: 21px" align="center" bgcolor="#000000" valign="middle"><span style="float: none;text-align: center"><a href="https://thehustle.co/Royal-cruises-silversea?utm_campaign=6%2F18%3A+FITBIT&utm_content=Royal-cruises-silversea&utm_medium=email&utm_source=daily" target="_blank" style="color: #ed4d1f;text-decoration: none"><img loading="lazy" height="12" src="http://blog.doral360.com/wp-content/uploads/2018/06/sharelinkbutton-26.png" style="height: 12px;width: 12px" width="12" /></a></span></td> <td style="padding: 0;vertical-align: top" valign="top"> <table class="fbshare" style="border-spacing: 0"> <tbody> <tr> <td style="border-color: #000;border-style: solid;border-width: 2px 2px 2px 0;padding: 0 8px;vertical-align: middle" valign="middle"><a href="https://thehustle.co/Royal-cruises-silversea?utm_campaign=6%2F18%3A+FITBIT&utm_content=Royal-cruises-silversea&utm_medium=email&utm_source=daily" target="_blank" style="color: #000000;font-size: 12px;font-weight: bold;line-height: 21px;text-decoration: none">A fancier way to get sunburned on a boat</a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> <tr> <td id="break1" style="border-bottom-color: #dddddd;border-bottom-style: solid;border-bottom-width: 1px;height: 30px"> </td> </tr> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Venmo slims down to keep up with bank-backed payment rival Zelle</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Payment app Venmo will <a href="https://techcrunch.com/2018/06/15/venmo-is-discontinuing-web-support-for-payments-and-more/" target="_blank" style="color: #ed4d1f;text-decoration: none">discontinue</a> its little-used website product to cut costs as part of a revamp that will double down on its <a href="http://blog.doral360.com/2000/01/01/mobile/" title="mobile on DORAL 360">mobile</a> app to compete with Zelle -- a payment platform forecast to surpass Venmo in user count sooner than later.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Venmo was over-Zelle-ous to appeal to consumers</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">As the first widely available way to pay your roommate for drunk food, Venmo became a household name. The business chose, somewhat perplexingly, to prioritize the app’s ‘social’ features -- like its running feed of friends’ transactions and heavy emoji use.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">But despite this emphasis on consumers, Venmo has steadily lost ground to Zelle, who has taken the complete opposite approach with their product, forging relationships with banks first instead of consumers.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>But banks are bigger business than buddies</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Launched just 20 months ago by a group of 30 banks, Zelle began adding more than <a href="https://techcrunch.com/2018/01/29/u-s-banks-venmo-alternative-zelle-moved-75b-last-year-says-100000-people-enroll-daily/" target="_blank" style="color: #ed4d1f;text-decoration: none">100k</a> consumers a day by auto-enrolling customers at partner banks.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">This growth put Zelle on track to grow <a href="https://techcrunch.com/2018/06/15/zelle-forecast-to-overtake-venmo-this-year/" target="_blank" style="color: #ed4d1f;text-decoration: none">78%</a> this year -- enough to hit a projected 27.4m US users by the end of the year compared to Venmo’s 22.9m. Even worse for Venmo, it was already behind in the financial front -- in 2017, Zelle processed $75B compared to Venmo’s $30B.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">At this point, if the company wants to stick around, Venmo better hope that people are <em>really curious</em> who their exes are paying for pizza.</p> </td> </tr> <tr> <td id="link" style="padding: 10px 0"> <table class="emailshare" style="border-spacing: 0;font-family: 'Arial',sans-serif"> <tbody> <tr> <td style="background: #000000;border: 2px solid #000000;height: 21px;padding: 0;text-align: center;vertical-align: middle;width: 21px" align="center" bgcolor="#000000" valign="middle"><span style="float: none;text-align: center"><a href="https://thehustle.co/Venmo-zelle-mobile-payments?utm_campaign=6%2F18%3A+FITBIT&utm_content=Venmo-zelle-mobile-payments&utm_medium=email&utm_source=daily" target="_blank" style="color: #ed4d1f;text-decoration: none"><img loading="lazy" height="12" src="http://blog.doral360.com/wp-content/uploads/2018/06/sharelinkbutton-27.png" style="height: 12px;width: 12px" width="12" /></a></span></td> <td style="padding: 0;vertical-align: top" valign="top"> <table class="fbshare" style="border-spacing: 0"> <tbody> <tr> <td style="border-color: #000;border-style: solid;border-width: 2px 2px 2px 0;padding: 0 8px;vertical-align: middle" valign="middle"><a href="https://thehustle.co/Venmo-zelle-mobile-payments?utm_campaign=6%2F18%3A+FITBIT&utm_content=Venmo-zelle-mobile-payments&utm_medium=email&utm_source=daily" target="_blank" style="color: #000000;font-size: 12px;font-weight: bold;line-height: 21px;text-decoration: none">It all went to Zelle in a handbasket</a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> <tr> <td id="break1" style="border-bottom-color: #dddddd;border-bottom-style: solid;border-bottom-width: 1px;height: 30px"> </td> </tr> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Theranos creator finally steps down after criminal indictment for wire fraud </strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Theranos founder Elizabeth Holmes and former COO and president Ramesh “Sunny” Balwani were indicted Friday on <a href="https://www.justice.gov/usao-ndca/pr/theranos-founder-and-former-chief-operating-officer-charged-alleged-wire-fraud-schemes" target="_blank" style="color: #ed4d1f;text-decoration: none">11 counts</a> of wire fraud.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The indictment accuses Holmes (who stepped down as CEO on Friday) and Balwani of engaging in a <a href="https://www.cnbc.com/2018/06/15/theranos-chief-elizabeth-holmes-arrested-on-federal-criminal-charges-.html" target="_blank" style="color: #ed4d1f;text-decoration: none">multimillion-dollar scheme</a> to defraud investors, doctors and patients, wildly overstating Theranos’ revenue, contractual relationships, and the capabilities of their technology.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>None of which they could deliver on</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The company, which at one point had a valuation of $9B, claimed their devices could test for a variety of health issues with just “one tiny drop [of blood].”</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">But, according to the US attorney’s office, Holmes and Balwani were <a href="http://money.cnn.com/2018/06/15/technology/elizabeth-holmes-indicted-theranos/index.html" target="_blank" style="color: #ed4d1f;text-decoration: none">fully aware</a> of the device’s “accuracy and reliability problems,” and that it “could not compete with existing, more conventional machines.”</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Now, the DoJ is out for more than ‘one tiny drop of blood’</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">If convicted, the duo will face fines of <a href="https://qz.com/1307507/elizabeth-holmes-of-theranos-could-face-decades-in-prison/" target="_blank" style="color: #ed4d1f;text-decoration: none">$250k</a> per count, over $100m in restitution, and potentially <em>decades </em>in prison.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The maximum statutory penalty for both conspiracy to commit wire fraud and for actual wire fraud is 20 years per count, and each count could be served consecutively.</p> </td> </tr> <tr> <td id="link" style="padding: 10px 0"> <table class="emailshare" style="border-spacing: 0;font-family: 'Arial',sans-serif"> <tbody> <tr> <td style="background: #000000;border: 2px solid #000000;height: 21px;padding: 0;text-align: center;vertical-align: middle;width: 21px" align="center" bgcolor="#000000" valign="middle"><span style="float: none;text-align: center"><a href="https://thehustle.co/Theranos-Elizabeth-Holmes-indictment?utm_campaign=6%2F18%3A+FITBIT&utm_content=Theranos-Elizabeth-Holmes-indictment&utm_medium=email&utm_source=daily" target="_blank" style="color: #ed4d1f;text-decoration: none"><img loading="lazy" height="12" src="http://blog.doral360.com/wp-content/uploads/2018/06/sharelinkbutton-28.png" style="height: 12px;width: 12px" width="12" /></a></span></td> <td style="padding: 0;vertical-align: top" valign="top"> <table class="fbshare" style="border-spacing: 0"> <tbody> <tr> <td style="border-color: #000;border-style: solid;border-width: 2px 2px 2px 0;padding: 0 8px;vertical-align: middle" valign="middle"><a href="https://thehustle.co/Theranos-Elizabeth-Holmes-indictment?utm_campaign=6%2F18%3A+FITBIT&utm_content=Theranos-Elizabeth-Holmes-indictment&utm_medium=email&utm_source=daily" target="_blank" style="color: #000000;font-size: 12px;font-weight: bold;line-height: 21px;text-decoration: none">More like a bloodbath...</a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> <tr> <td id="break1" style="height: 50px"> </td> </tr> <tr> <td style="border-bottom-color: #000000;border-bottom-style: solid;border-bottom-width: 3px"> <table style="border-spacing: 0;width: 100%"> <tbody> <tr> <td style="height: 8px"> </td> <td rowspan="2" style="padding: 0;text-align: right;vertical-align: bottom" align="right" valign="bottom"><span class="sg-image"><img loading="lazy" height="30" src="http://blog.doral360.com/wp-content/uploads/2018/06/3fffb88e5f1f4a9897c7195c5c79dd651e41970e597650d325f89396bc431ab5afd463e7960d00035c13f00ad3a0338788968dee9dda953b4e27819a742875bc-1.jpg" style="height: 30px;width: 46px" width="46" /></span></td> </tr> <tr> <td style="background: #000000;color: #ffffff;font-family: 'Courier New',courier,monospace;font-size: 12px;font-weight: bold;letter-spacing: 1px;padding: 8px 10px 5px;text-align: center;width: 190px" align="center" bgcolor="#000000">monday morning review</td> </tr> </tbody> </table> </td> </tr> <tr id="review"> <td bgcolor="#ffffff" valign="top" style="padding-bottom: 50px"> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Two weeks ago, we started putting something new in our emails…</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">It’s small, and inconspicuous -- and if you’re not in the habit of scrolling to the veerrry bottom of the email, you might’ve missed it -- but it’s one of my favorite features that we’ve added to date.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">It’s our “Now Playing” section, featuring a single, daily song recommendation (linked to Spotify) and a line about why we love it.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Music has been at the heart of The Hustle since day 1 and, without even trying, we’ve managed to hire a team full of musicians, concert rats, and aficionados of every genre from house to bluegrass. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Sure, we might not agree on who “The Greats” are, but the love of a good tune transcends all discographies. </p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>In other words, this has been a long time coming</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">There’s no quest nobler than finding the perfect groove, and we’re saddled up, ready to be your song squires.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">If you haven’t yet, you can find Now Playing just above the email footer (check out our emails from the past 2 weeks, there are some real gems). </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Some days it’s a newbie, some days it’s an oldie, but it’s always a goodie. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">-- Lindsey, Regional Band T-Shirt Connoisseur</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"><em>PS: Have a song you think we should feature? Shoot me an email at </em><a href="/cdn-cgi/l/email-protection#3f5356515b4c5a467f4b575a574a4c4b535a115c50" style="color: #ed4d1f;text-decoration: none"><em><span class="__cf_email__">[email protected]</span></em></a><em> and we’ll give it a listen. All genres welcome.</em></p> </td> </tr> <tr> <td style="font-family: 'Courier New',serif;text-align: center" align="center">This edition of The Hustle was brought to you by</td> </tr> <tr> <td> <br /><a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none"><br /><img src="http://blog.doral360.com/wp-content/uploads/2018/06/burrow_20180330220837.jpg" style="height: 100px;width: 250px" /><br /></a></td> </tr> <tr id="sponsored"> <td bgcolor="#ffffff" role="module-content"> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>The internet has spoken...</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The <a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none">Burrow sofa</a> is a World Wide Web favorite. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">What’s so special about this mid-century looking masterpiece?</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Uhm, <em>everything.</em></p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"><a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none">Burrow</a> is innovating the entire sofa-industry from the materials they’re made with, to their incredibly easy-to-move design -- shipped fast and free, directly to your door.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Rethinking the sofa-game from the foot pads up</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">How do you create furniture for the Millennial lifestyle? </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Start with an IG-ready <a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none">aesthetic</a>. Use a US-made, sustainably-sourced, North American hardwood frame (bald eagle not included). Then wrap that frame in luxuriously comfortable, durable, <em>and </em>sustainable earth-friendly fabrics that come in 5 versatile colors to match your home’s highly-curated (or not-so-much) palette. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Oh, and make it easy to set up, break down, and move with, throw in a few USB ports, and WHAM. You have yourself a piece of furniture that will outlast (and outperform) all others. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"><a href="https://burrow.com/?utm_source=thehustle&utm_medium=newsletter&utm_campaign=1806&utm_content=20180618native" target="_blank" style="color: #ed4d1f;text-decoration: none">See the complete line up</a> of sofas, loveseats, and armchairs at Burrow to make this internet darling your real life couch crush. </p> </td> </tr> <tr> <td id="ender" style="padding-top: 54px"> </td> </tr> <tr> <td style="padding-bottom: 20px"> <table> <tr> <td rowspan="3" style="vertical-align: middle" valign="middle"><img src="http://blog.doral360.com/wp-content/uploads/2018/06/music_bars-8.gif" style="height: auto;width: 20px" /></td> <td style="font-family: 'Courier New',courier,monospace;font-size: 14px;font-weight: bold;line-height: 120%;padding-left: 10px;padding-right: 10px;padding-top: 3px;vertical-align: middle;width: 64px" rowspan="3" valign="middle">Now Playing:</td> </tr> <tr> <td><a href="https://open.spotify.com/track/5h2aZVg52LgaOEwAeURD02?si=K0IwfpxcQYqSCVEdGYVCLw" target="_blank" style="color: #ed4d1f;text-decoration: none"><strong>Home Soon, DOPE LEMON</strong></a>. Smooth like buttah and a groovy flute to boot. Your room may spontaneously sprout beaded curtains after listening.</td> </tr> </table> </td> </tr> <tr> <td> <table style="border-spacing: 0"> <tr> <td style="background: #000000;color: #ffffff;font-size: 32px;font-weight: bold;line-height: 100%;max-width: 100px;padding: 10px 10px 0px;text-align: center" align="center" bgcolor="#000000" /> <td style="background: #000000;font-family: 'Arial',sans-serif;font-size: 14px;font-weight: bold;padding: 5px 10px;text-align: right;width: 100%" rowspan="2" align="right" bgcolor="#000000"> <a href="https://ambassadors.thehustle.co/refer-a-friend?email=[%email%]" target="_blank" style="background: #ff5938;color: #ffffff;font-size: 12px;padding: 12px 10px;text-decoration: none" /></td> </tr> <tr> <td style="background: #000000;color: #ffffff;font-family: 'Arial',sans-serif;font-size: 8px;font-weight: normal;letter-spacing: 1px;line-height: 100%;padding: 4px 20px 10px;text-align: center" align="center " bgcolor="#000000 " /> </tr> <tr> <td colspan="2" style="background: #ffffff;color: #000000;padding-bottom: 5px;padding-top: 10px;text-align: center;width: 100%" align="center" bgcolor="#ffffff"><a href="[%URL%]" style="color: #000000;font-family: 'Courier New',courier,monospace;font-size: 16px;font-weight: bold;line-height: 120%;text-decoration: none" /></td> </tr> <tr> <td colspan="2" style="background: #ffffff;border-bottom-color: #000000;border-bottom-style: solid;border-bottom-width: 3px;color: #000000;padding-bottom: 10px;text-align: center;width: 100%" align="center" bgcolor="#ffffff"><span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; line-height: 100%;"</td> </tr> </table> </td> </tr> <tr id="credits"> <td> <table style="width: 100%"> <tbody> <tr> <td colspan="2" style="padding-top: 20px"> <table style="text-align: center;width: 100%"> <tr> <td style="font-family: 'Courier New',courier,monospace;font-size: 13px;font-weight: bold;line-height: 120%;min-width: 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