The $2B submersible yacht we’ve all been waiting for
Jan 18, 2024
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Austrian company Migaloo offers a $2B submersible yacht, but are there safety concerns and legal restrictions? Plus, Costco tightens non-member access and Amazon introduces a new AI feature. Join hosts Jon Weigell and Rob Litterst as they discuss these interesting topics on The Hustle Daily Show.
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Quick takeaways
Migaloo offers a $2B luxury submersible superyacht that can function both as a yacht and a submarine, catering to the desires of enthusiasts looking for ultimate underwater experiences.
Costco is implementing membership card scanners at store entrances to ensure only paying members access their benefits, highlighting the company's commitment to maintaining the integrity of their membership program.
Deep dives
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Costco Experiments with Membership Card Scanners
To limit non-members from entering their stores, Costco is testing membership card scanners at entrances. This move comes as Costco had 66 million paid members and 119 million cardholders in 2022, indicating a need to ensure that only paying members access their benefits. While some see the move as a sensible strategy for the retail giant, others believe it may affect those who rely on borrowing Costco memberships from others. The experiment reflects the popular demand for Costco's offerings and their commitment to maintaining the integrity of their membership program.
Uniqlo Sues Shein Over Alleged Knockoffs
Japanese retailer Uniqlo has filed a lawsuit against fashion site Shein, accusing them of selling knockoffs of Uniqlo's best-selling nylon shoulder bag. Uniqlo's parent company, Fast Retailing, filed a petition in the Tokyo district court against Shein Japan and its subsidiaries. Shein's rising popularity, fueled by its presence on social media platforms like TikTok, has also led to criticism for allegedly copying styles from other retailers. The legal battle highlights the ongoing debate over copycat merchandising and raises questions about the extent to which companies can replicate styles without infringing on intellectual property rights.
Ever just wanted your yacht to also be a submarine? Well for $2B, Austrian company Migaloo will make your undersea dreams come true. This luxury submersible superyacht is the latest innovation in ridiculous luxury goods, but there have to be some safety concerns and legal restrictions, right? Plus: Costco cracks down on non-members and Amazon rolls out a new AI feature.
Join our hosts Jon Weigell and Rob Litterst, as they take you through our most interesting stories of the day.
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