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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

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Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Juul

Juul Reached Its $10 Billion Valuation 4 Times Faster Than Facebook

By
Don Reisinger
Don Reisinger
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By
Don Reisinger
Don Reisinger
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October 10, 2018, 9:07 AM ET

Juul Labs’ e-cigarette has become a culturally significant device. And now, it’s surpassed Facebook in one major way.

The company was able to reach and exceed the $10 billion valuation level, known as decacorn, just seven months after its first venture-capital raise, making it the fastest any company has ever reached that status, Yahoo Finance is reporting, citing data collected from venture-capital database Pitchbook. Juul was able to hit decacorn status four-times faster than Facebook, the previous record-holder, according to the report. Juul is currently valued at $15 billion.

Juul has quickly become a wildly popular e-cigarette and the leader in that market, due in large part to its popularity among young adults. According to data obtained by Yahoo Finance, it now accounts for 73% of all e-cigarette sales in the U.S. and revenue is nearing $1.5 billion. The e-cigarette launched in 2015, but started to really catch on in the last year.

Despite its financial success, the Food and Drug Administration (FDA) has been increasingly monitoring the e-cigarette market to curb the use of the habit-forming e-cigarettes by teenagers. Social media is awash with young people using e-cigarettes made by a variety of companies, including Juul.

Still, the FDA has not found any e-cigarette company to have committed wrongdoing in marketing their products to children.

About the Author
By Don Reisinger
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