Instacart has raised another $100 million in funding. Business Insider reports that the $100 million will be added to the $225 million it raised in June. The company is valued at $13.8 billion. Instacart has been growing quickly during the coronavirus pandemic because more consumers opt for online grocery delivery. This new funding will allow the company to scale the business further.
CNBC reports that Instacart is raising $225 million. That boosts its valuation from $8 billion in 2018 to $13.7 billion. The company plans to use these new funds to support its partner grocers and shoppers, who fulfill orders for customers. They are also planning to improve conditions for its shoppers. DoorDash is also close to raising funds at a $15 billion valuation. DoorDash was valued at around $13 billion in 2019, according to The Wall Street Journal.
Happy Happy Joy Joy! Ren & Stimpy is being rebooted. The cartoon is one of the most raunchy and absurd cartoons to come out of the 1990s. Comedy Central is doubling down their investment in animated programming and Ren & Stimpy will be a big part of that investment. Deadline and Gizmodo report that Ren & Stimpy has been greenlit by Comedy Central and Viacom. The show will be produced by Nickelodeon Animation Studio.
The oldest baby boomers in the US are now in their 70s, while the youngest are approaching their 60s. And according to Gizmodo, a new study reveals boomers are experiencing a drop in cognitive function as they age, relative to previous generations. What's more, Gizmodo reports future aging generations may be at a similar heightened risk. Study author Professor Hui Zheng says the decline was seen in all groups: men and women, and across all races, ethnicities, education, income, and wealth levels. Contributing factors may include sedentary lifestyles, chemical additives to food, and a lack of universal healthcare in the US.
The Trump administration was at a loss on Tuesday over the president's suggestion to shake down Microsoft in its proposed purchase of Chinese app TikTok. According to Gizmodo, the Trump administration has threatened to ban TikTok in the US, possibly by putting it on a Commerce Department blacklist. The threat is based on largely theoretical concerns that Beijing-based owner ByteDance could use it to spy on tens of millions of users.
Data from more than 20 emergency rooms across five states seems to confirm anecdotal reports from health care workers. According to Gizmodo, emergency rooms across the US saw a massive decline in visits in March and April. The study speculates the decline was possibly due to people fearing they'd contract the novel coronavirus COVID-19 if they sought medical care. ER data from Colorado, Connecticut, Massachusetts, New York, and North Carolina were included in the study.
Janelle Monae is slated to star in the horror film, 'Antebellum'. Due to COVID-19, 'Antebellum''s release date has been moved. The movie was originally slated for an April 24th release, but that, naturally, didn’t happen. Gizmodo reports the film was pushed back to August 21st. According to Deadline, the plan is to schedule the film if Christopher Nolan's 'Tenet' is able to manage a successful Labor Day weekend release.