Month: July 2023

‘Barbenheimer’ is still going strong at the box office after its second weekend

Barbie haters thought its “bonkers” opening weekend would be a blip, but she can’t be stopped. In its second weekend, Greta Gerwig’s film starring Margot Robbie and Ryan Gosling is poised to have one of the best second-weekend showings ever in North America. Barbie has earned over $95 million at the box office this weekend, according to The Hollywood Reporter, making for a cumulative domestic earning of $350 million so far.
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How ‘Barbie’ became the American monoculture of the moment

Barbie’s frenemy Oppenheimer didn’t do so shabby either. Over the July 29-30 weekend, the Barbenheimer effect worked wonders for Christopher Nolan’s biopic about the father of the atomic bomb, pulling in $46 million. After Deadpool 2, that’s the strongest second weekend ever for an R-rated film.Based on box office norms, both Barbie and Oppenheimer had minor declines on their second weekend. This proves movie-goers’ enduring interest in the ridiculously-hyped story about the Mattel doll come to life and whatever epic creations Nolan dreams up — even both in a double feature. As of Jul. 21, 60,000 AMC Stubs members bought tickets for both films on the same day, according to AMC CEO Adam Aron. Unfortunately for Disney, the Barbenheimer effect didn’t have any love for Haunted Mansion. The film based on the Disneyland ride underperformed, bringing in a predicted $30 million or less. So there you have it, doll-based franchises and atomic bomb origin stories are in, but haunted houses are out.

Barbie haters thought its “bonkers” opening weekend would be a blip, but she can’t be stopped.

In its second weekend, Greta Gerwig’s film starring Margot Robbie and Ryan Gosling is poised to have one of the best second-weekend showings ever in North America. Barbie has earned over $95 million at the box office this weekend, according to The Hollywood Reporter, making for a cumulative domestic earning of $350 million so far.

Barbie‘s frenemy Oppenheimer didn’t do so shabby either. Over the July 29-30 weekend, the Barbenheimer effect worked wonders for Christopher Nolan’s biopic about the father of the atomic bomb, pulling in $46 million. After Deadpool 2, that’s the strongest second weekend ever for an R-rated film.

Based on box office norms, both Barbie and Oppenheimer had minor declines on their second weekend. This proves movie-goers’ enduring interest in the ridiculously-hyped story about the Mattel doll come to life and whatever epic creations Nolan dreams up — even both in a double feature. As of Jul. 21, 60,000 AMC Stubs members bought tickets for both films on the same day, according to AMC CEO Adam Aron.

Unfortunately for Disney, the Barbenheimer effect didn’t have any love for Haunted Mansion. The film based on the Disneyland ride underperformed, bringing in a predicted $30 million or less. So there you have it, doll-based franchises and atomic bomb origin stories are in, but haunted houses are out.

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Hitting the Books: The dangerous real-world consequences of our online attention economy

If reality television has taught us anything, it’s there’s not much people won’t do if offered enough money and attention. Sometimes, even just the latter. Unfortunately for the future prospects of our civilization, modern social media has focused upon those same character foibles and optimized them at a global scale, sacrifices at the altar of audience growth and engagement. In Outrage Machine, writer and technologist Tobias Rose-Stockwell, walks readers through the inner workings of these modern technologies, illustrating how they’re designed to capture and keep our attention, regardless of what they have to do in order to do it. In the excerpt below, Rose-Stockwell examines the human cost of feeding the content machine through a discussion on YouTube personality Nikocado Avocado’s rise to internet stardom. Legacy LitExcerpted from OUTRAGE MACHINE: How Tech Amplifies Discontent, Disrupts Democracy—And What We Can Do About It by Tobias Rose-Stockwell. Copyright © 2023 by Tobias Rose-Stockwell. Reprinted with permission of Legacy Lit. All rights reserved.This Game Is Not Just a GameSocial media can seem like a game. When we open our apps and craft a post, the way we look to score points in the form of likes and followers distinctly resembles a strange new playful competition. But while it feels like a game, it is unlike any other game we might play in our spare time.The academic C. Thi Nguyen has explained how games are different: “Actions in games are screened off, in important ways, from ordinary life. When we are playing basketball, and you block my pass, I do not take this to be a sign of your long-term hostility towards me. When we are playing at having an insult contest, we don’t take each other’s speech to be indicative of our actual attitudes or beliefs about the world.” Games happen in what the Dutch historian Johan Huizinga famously called “the magic circle”— where the players take on alternate roles, and our actions take on alternate meanings.With social media we never exit the game. Our phones are always with us. We don’t extricate ourselves from the mechanics. And since the goal of the game designers of social media is to keep us there as long as possible, it’s an active competition with real life. With a constant type of habituated attention being pulled into the metrics, we never leave these digital spaces. In doing so, social media has colonized our world with its game mechanics.Metrics are MoneyWhile we are paid in the small rushes of dopamine that come from accumulating abstract numbers, metrics also translate into hard cash. Acquiring these metrics don’t just provide us with hits of emotional validation. They are transferable into economic value that is quantifiable and very real.It’s no secret that the ability to consistently capture attention is an asset that brands will pay for. A follower is a tangible, monetizable asset worth money. If you’re trying to purchase followers, Twitter will charge you between $2 and $4 to acquire a new one using their promoted accounts feature.If you have a significant enough following, brands will pay you to post sponsored items on their behalf. Depending on the size of your following in Instagram, for instance, these payouts can range from $75 per post (to an account with two thousand followers), up to hundreds of thousands of dollars per post (for accounts with hundreds of thousands of followers).Between 2017 and 2021, the average cost for reaching a thousand Twitter users (the metric advertisers use is CPM, or cost per mille) was between $5 and $7. It costs that much to get a thousand eyeballs on your post. Any strategies that increase how much your content is shared also have a financial value.Let’s now bring this economic incentive back to Billy Brady’s accounting of the engagement value of moral outrage. He found that adding a single moral or emotional word to a post on Twitter increased the viral spread of that content by 17 percent per word. All of our posts to social media exist in a marketplace for attention — they vie for the top of our followers’ feeds. Our posts are always competing against other people’s posts. If outraged posts have an advantage in this competition, they are literally worth more money.For a brand or an individual, if you want to increase the value of a post, then including moral outrage, or linking to a larger movement that signals its moral conviction, might increase the reach of that content by at least that much. Moreover, it might actually improve the perception and brand affinity by appealing to the moral foundations of the brand’s consumers and employees, increasing sales and burnishing their reputation. This can be an inherently polarizing strategy, as a company that picks a cause to support, whose audience is morally diverse, might then alienate a sizable percentage of their customer base who disagree with that cause. But these economics can also make sense — if a company knows enough about its consumers’ and employees’ moral affiliations — it can make sure to pick a cause-sector that’s in line with its customers.Since moral content is a reliable tool for capturing attention, it can also be used for psychographic profiling for future marketing opportunities. Many major brands do this with tremendous success — creating viral campaigns that utilize moral righteousness and outrage to gain traction and attention among core consumers who have a similar moral disposition. These campaigns also often get a secondary boost due to the proliferation of pile- ons and think pieces discussing these ad spots. Brands that moralize their products often succeed in the attention marketplace.This basic economic incentive can help to explain how and why so many brands have begun to link themselves with online cause-related issues. While it may make strong moral sense to those decision-makers, it can make clear economic sense to the company as a whole as well. Social media provides measurable financial incentives for companies to include moral language in their quest to burnish their brands and perceptions.But as nefarious as this sounds, moralization of content is not always the result of callous manipulation and greed. Social metrics do something else that influences our behavior in pernicious ways.Audience CaptureIn the latter days of 2016, I wrote an article about how social media was diminishing our capacity for empathy. In the wake of that year’s presidential election, the article went hugely viral, and was shared with several million people. At the time I was working on other projects full time. When the article took off, I shifted my focus away from the consulting work I had been doing for years, and began focusing instead on writing full time. One of the by-products of that tremendous signal from this new audience is the book you’re reading right now.A sizable new audience of strangers had given me a clear message: This was important. Do more of it. When many people we care about tell us what we should be doing, we listen.This is the result of “audience capture”: how we influence, and are influenced by those who observe us. We don’t just capture an audience — we are also captured by their feedback. This is often a wonderful thing, provoking us to produce more useful and interesting works. As creators, the signal from our audience is a huge part of why we do what we do.But it also has a dark side. The writer Gurwinder Boghal has explained the phenomena of audience capture for influencers illustrating the story of a young YouTuber named Nicholas Perry. In 2016, Perry began a You- Tube channel as a skinny vegan violinist. After a year of getting little traction online, he abandoned veganism, citing health concerns, and shifted to uploading mukbang (eating show) videos of him trying different foods for his followers. These followers began demanding more and more extreme feats of food consumption. Before long, in an attempt to appease his increasingly demanding audience, he was posting videos of himself eating whole fast-food menus in a single sitting.He found a large audience with this new format. In terms of metrics, this new format was overwhelmingly successful. After several years of following his audience’s continued requests, he amassed millions of followers, and over a billion total views. But in the process, his online identity and physical character changed dramatically as well. Nicholas Perry became the personality Nikocado — an obese parody of himself, ballooning to more than four hundred pounds, voraciously consuming anything his audience asked him to eat. Following his audience’s desires caused him to pursue increasingly extreme feats at the expense of his mental and physical health.Legacy LitNicholas Perry, left, and Nikocado, right, after several years of building a following on YouTube. Source: Nikocado Avocado YouTube Channel.Boghal summarizes this cross-directional influence.When influencers are analyzing audience feedback, they often find that their more outlandish behavior receives the most attention and approval, which leads them to recalibrate their personalities according to far more extreme social cues than those they’d receive in real life. In doing this they exaggerate the more idiosyncratic facets of their personalities, becoming crude caricatures of themselves.This need not only apply to influencers. We are signal-processing machines. We respond to the types of positive signals we receive from those who observe us. Our audiences online reflect back to us what their opinion of our behavior is, and we adapt to fit it. The metrics (likes, followers, shares, and comments) available to us now on social media allow for us to measure that feedback far more precisely than we previously could, leading to us internalizing what is “good” behavior.As we find ourselves more and more inside of these online spaces, this influence becomes more pronounced. As Boghal notes, “We are all gaining online audiences.” Anytime we post to our followers, we are entering into a process of exchange with our viewers — one that is beholden to the same extreme engagement problems found everywhere else on social media.This article originally appeared on Engadget at https://www.engadget.com/hitting-the-books-the-dangerous-real-world-consequences-of-our-online-attention-economy-143050602.html?src=rss

If reality television has taught us anything, it’s there’s not much people won’t do if offered enough money and attention. Sometimes, even just the latter. Unfortunately for the future prospects of our civilization, modern social media has focused upon those same character foibles and optimized them at a global scale, sacrifices at the altar of audience growth and engagement. In Outrage Machine, writer and technologist Tobias Rose-Stockwell, walks readers through the inner workings of these modern technologies, illustrating how they’re designed to capture and keep our attention, regardless of what they have to do in order to do it. In the excerpt below, Rose-Stockwell examines the human cost of feeding the content machine through a discussion on YouTube personality Nikocado Avocado’s rise to internet stardom.

 

Legacy Lit

Excerpted from OUTRAGE MACHINE: How Tech Amplifies Discontent, Disrupts Democracy—And What We Can Do About It by Tobias Rose-Stockwell. Copyright © 2023 by Tobias Rose-Stockwell. Reprinted with permission of Legacy Lit. All rights reserved.

This Game Is Not Just a Game

Social media can seem like a game. When we open our apps and craft a post, the way we look to score points in the form of likes and followers distinctly resembles a strange new playful competition. But while it feels like a game, it is unlike any other game we might play in our spare time.

The academic C. Thi Nguyen has explained how games are different: “Actions in games are screened off, in important ways, from ordinary life. When we are playing basketball, and you block my pass, I do not take this to be a sign of your long-term hostility towards me. When we are playing at having an insult contest, we don’t take each other’s speech to be indicative of our actual attitudes or beliefs about the world.” Games happen in what the Dutch historian Johan Huizinga famously called “the magic circle”— where the players take on alternate roles, and our actions take on alternate meanings.

With social media we never exit the game. Our phones are always with us. We don’t extricate ourselves from the mechanics. And since the goal of the game designers of social media is to keep us there as long as possible, it’s an active competition with real life. With a constant type of habituated attention being pulled into the metrics, we never leave these digital spaces. In doing so, social media has colonized our world with its game mechanics.

Metrics are Money

While we are paid in the small rushes of dopamine that come from accumulating abstract numbers, metrics also translate into hard cash. Acquiring these metrics don’t just provide us with hits of emotional validation. They are transferable into economic value that is quantifiable and very real.

It’s no secret that the ability to consistently capture attention is an asset that brands will pay for. A follower is a tangible, monetizable asset worth money. If you’re trying to purchase followers, Twitter will charge you between $2 and $4 to acquire a new one using their promoted accounts feature.

If you have a significant enough following, brands will pay you to post sponsored items on their behalf. Depending on the size of your following in Instagram, for instance, these payouts can range from $75 per post (to an account with two thousand followers), up to hundreds of thousands of dollars per post (for accounts with hundreds of thousands of followers).

Between 2017 and 2021, the average cost for reaching a thousand Twitter users (the metric advertisers use is CPM, or cost per mille) was between $5 and $7. It costs that much to get a thousand eyeballs on your post. Any strategies that increase how much your content is shared also have a financial value.

Let’s now bring this economic incentive back to Billy Brady’s accounting of the engagement value of moral outrage. He found that adding a single moral or emotional word to a post on Twitter increased the viral spread of that content by 17 percent per word. All of our posts to social media exist in a marketplace for attention — they vie for the top of our followers’ feeds. Our posts are always competing against other people’s posts. If outraged posts have an advantage in this competition, they are literally worth more money.

For a brand or an individual, if you want to increase the value of a post, then including moral outrage, or linking to a larger movement that signals its moral conviction, might increase the reach of that content by at least that much. Moreover, it might actually improve the perception and brand affinity by appealing to the moral foundations of the brand’s consumers and employees, increasing sales and burnishing their reputation. This can be an inherently polarizing strategy, as a company that picks a cause to support, whose audience is morally diverse, might then alienate a sizable percentage of their customer base who disagree with that cause. But these economics can also make sense — if a company knows enough about its consumers’ and employees’ moral affiliations — it can make sure to pick a cause-sector that’s in line with its customers.

Since moral content is a reliable tool for capturing attention, it can also be used for psychographic profiling for future marketing opportunities. Many major brands do this with tremendous success — creating viral campaigns that utilize moral righteousness and outrage to gain traction and attention among core consumers who have a similar moral disposition. These campaigns also often get a secondary boost due to the proliferation of pile- ons and think pieces discussing these ad spots. Brands that moralize their products often succeed in the attention marketplace.

This basic economic incentive can help to explain how and why so many brands have begun to link themselves with online cause-related issues. While it may make strong moral sense to those decision-makers, it can make clear economic sense to the company as a whole as well. Social media provides measurable financial incentives for companies to include moral language in their quest to burnish their brands and perceptions.

But as nefarious as this sounds, moralization of content is not always the result of callous manipulation and greed. Social metrics do something else that influences our behavior in pernicious ways.

Audience Capture

In the latter days of 2016, I wrote an article about how social media was diminishing our capacity for empathy. In the wake of that year’s presidential election, the article went hugely viral, and was shared with several million people. At the time I was working on other projects full time. When the article took off, I shifted my focus away from the consulting work I had been doing for years, and began focusing instead on writing full time. One of the by-products of that tremendous signal from this new audience is the book you’re reading right now.

A sizable new audience of strangers had given me a clear message: This was important. Do more of it. When many people we care about tell us what we should be doing, we listen.

This is the result of “audience capture”: how we influence, and are influenced by those who observe us. We don’t just capture an audience — we are also captured by their feedback. This is often a wonderful thing, provoking us to produce more useful and interesting works. As creators, the signal from our audience is a huge part of why we do what we do.

But it also has a dark side. The writer Gurwinder Boghal has explained the phenomena of audience capture for influencers illustrating the story of a young YouTuber named Nicholas Perry. In 2016, Perry began a You- Tube channel as a skinny vegan violinist. After a year of getting little traction online, he abandoned veganism, citing health concerns, and shifted to uploading mukbang (eating show) videos of him trying different foods for his followers. These followers began demanding more and more extreme feats of food consumption. Before long, in an attempt to appease his increasingly demanding audience, he was posting videos of himself eating whole fast-food menus in a single sitting.

He found a large audience with this new format. In terms of metrics, this new format was overwhelmingly successful. After several years of following his audience’s continued requests, he amassed millions of followers, and over a billion total views. But in the process, his online identity and physical character changed dramatically as well. Nicholas Perry became the personality Nikocado — an obese parody of himself, ballooning to more than four hundred pounds, voraciously consuming anything his audience asked him to eat. Following his audience’s desires caused him to pursue increasingly extreme feats at the expense of his mental and physical health.

Legacy Lit

Nicholas Perry, left, and Nikocado, right, after several years of building a following on YouTube. Source: Nikocado Avocado YouTube Channel.

Boghal summarizes this cross-directional influence.

When influencers are analyzing audience feedback, they often find that their more outlandish behavior receives the most attention and approval, which leads them to recalibrate their personalities according to far more extreme social cues than those they’d receive in real life. In doing this they exaggerate the more idiosyncratic facets of their personalities, becoming crude caricatures of themselves.

This need not only apply to influencers. We are signal-processing machines. We respond to the types of positive signals we receive from those who observe us. Our audiences online reflect back to us what their opinion of our behavior is, and we adapt to fit it. The metrics (likes, followers, shares, and comments) available to us now on social media allow for us to measure that feedback far more precisely than we previously could, leading to us internalizing what is “good” behavior.

As we find ourselves more and more inside of these online spaces, this influence becomes more pronounced. As Boghal notes, “We are all gaining online audiences.” Anytime we post to our followers, we are entering into a process of exchange with our viewers — one that is beholden to the same extreme engagement problems found everywhere else on social media.

This article originally appeared on Engadget at https://www.engadget.com/hitting-the-books-the-dangerous-real-world-consequences-of-our-online-attention-economy-143050602.html?src=rss

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iPhone 15 Pro might get a titanium frame, thinner bezels, and a price hike

An iPhone 14 Pro Max. | Image: Nilay Patel / The Verge

Some big changes are expected to come to this year’s iPhone 15 Pro lineup — but they might come alongside a price hike, too. In Bloomberg this morning, reporter Mark Gurman confirmed a handful of details that have been floating around all year about what to expect when the next iPhone lineup is announced in just over a month.
The new Pro models will both come with titanium frames, instead of stainless steel, making them stronger and lighter, according to Gurman. Their screens will also have thinner bezels, thanks to a new display technology, shrinking the size of the black border by about a third. (Earlier leaks show what that might look like.) And as previously reported, expect the mute switch to be swapped out for a customizable button and the Lightning port to be replaced by USB-C.
That might all come at a price, though. Gurman says he expects a price increase outside the US, and “wouldn’t rule out a price increase in the US,” either. That follows reporting earlier this week and an analyst note suggesting prices could go up by up to $200 when it comes to the Max model.
Gurman mentions two other big upgrades coming to Apple’s devices this year. The standard iPhone model is expected to drop the notch in favor of the Dynamic Island, bringing it more on par with the Pro models. (Previously rumors suggested it’ll be stuck at a 60Hz refresh rate, though, instead of 120Hz like the Pros — and virtually all comparably priced Android phones.) Gurman also reports that the next Apple Watch processor, the S9, will have a “fairly sizable performance bump,” marking the first notable speed boost since 2020.
Apple normally announces its new iPhones and Apple Watches in mid-September. They’ll be going up against Samsung’s new lineup of folding and flipping phones, which were just updated this week.

An iPhone 14 Pro Max. | Image: Nilay Patel / The Verge

Some big changes are expected to come to this year’s iPhone 15 Pro lineup — but they might come alongside a price hike, too. In Bloomberg this morning, reporter Mark Gurman confirmed a handful of details that have been floating around all year about what to expect when the next iPhone lineup is announced in just over a month.

The new Pro models will both come with titanium frames, instead of stainless steel, making them stronger and lighter, according to Gurman. Their screens will also have thinner bezels, thanks to a new display technology, shrinking the size of the black border by about a third. (Earlier leaks show what that might look like.) And as previously reported, expect the mute switch to be swapped out for a customizable button and the Lightning port to be replaced by USB-C.

That might all come at a price, though. Gurman says he expects a price increase outside the US, and “wouldn’t rule out a price increase in the US,” either. That follows reporting earlier this week and an analyst note suggesting prices could go up by up to $200 when it comes to the Max model.

Gurman mentions two other big upgrades coming to Apple’s devices this year. The standard iPhone model is expected to drop the notch in favor of the Dynamic Island, bringing it more on par with the Pro models. (Previously rumors suggested it’ll be stuck at a 60Hz refresh rate, though, instead of 120Hz like the Pros — and virtually all comparably priced Android phones.) Gurman also reports that the next Apple Watch processor, the S9, will have a “fairly sizable performance bump,” marking the first notable speed boost since 2020.

Apple normally announces its new iPhones and Apple Watches in mid-September. They’ll be going up against Samsung’s new lineup of folding and flipping phones, which were just updated this week.

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When you’ve got two exits under your belt by the age of 26

In this week’s edition of The Interchange, we get into M&As in the fintech space as AngelList nabbed a startup and Uplift got bought for less than it raised in venture funding. We get into those deals and much more. Want to receive this in your inbox every Sunday? Sign up here. Shopify’s credit bet,

In this week’s edition of The Interchange, we get into M&As in the fintech space as AngelList nabbed a startup and Uplift got bought for less than it raised in venture funding. We get into those deals and much more. Want to receive this in your inbox every Sunday? Sign up here.

Shopify’s credit bet, Jeeves’ update and AngelList’s second buy

Last week, Shopify announced a new offering — Shopify Credit, a business credit card designed exclusively for its merchants. The new product marked Shopify’s first pay-in-full business credit card, said Shopify president Harley Finkelstein. It is powered by Stripe and issued by Celtic Bank, “and accepted everywhere Visa is,” he added. My editor and I were intrigued by the fact that Shopify insisted it would charge no fees — no late fees, no foreign transaction fees, and no interest. But upon further digging into the fine print, as fellow fintech enthusiast Sar Haribhakti tweeted about, it turns out that Shopify is also describing the new offering as a “pay in full credit card.” So, merchants have 25 days after the close of their monthly billing cycle to pay their balance. And if they don’t? Well, according to Shopify’s website, the card will be locked and the merchant won’t be able to make any new purchases until the balance has been repaid. That explains how/why the company is not charging any interest! Unfortunately, I was traveling early last week and didn’t get to actually speak to Harley — our interview was over email, and somehow this little tidbit of information got left out. It certainly was not something that Shopify publicized. It feels like retail/commerce companies deciding to go into the credit card space should proceed with some caution, though, if Apple’s experience is any indication. The Information did a deep dive last week on how “the tech giant and the Wall Street titan went from ‘the most successful credit card launch ever’ to Goldman trying to exit the partnership.”

I also gave us an update on fintech startup Jeeves, which did something that us reporters wish more (actually, all) private companies would do — share financials. We’ve been covering the goings-on at Jeeves since the startup first emerged from stealth in July of 2021, announcing $131 million in debt and equity financing from investors such as Andreessen Horowitz (a16z). It then announced a $57 million Series B exactly three months later. Jeeves is among the many players in the corporate card space — but CEO and founder Dileep Thazhmon believes it’s got an advantage over competitors in that it can serve clients in Latin America (its biggest market) and other regions by offering cards that can be paid in local currencies. That’s a big deal, he says, because businesses can save money on foreign transaction fees, for example. He told us: “This is a really big differentiator because it means we’re the only expense management company that can issue local cards in Latin America, North America and Europe. It takes time to build rails in other countries. If you look at U.S.-based expense management platforms, they cannot onboard a company headquartered in Mexico. If you look at Mexican expense management providers, they cannot onboard a company [that] is headquartered in the U.S. Jeeves can do both.” Read about how Jeeves entered 2023 with annualized revenue of $40 million, its recent expansion beyond corporate cards into prepaid cards and cross-border payments, and what its plans for the future are here.

I also got the exclusive on some big news out of AngelList — its purchase of fintech startup Nova and formal expansion into the private equity space. I talked both with AngelList CEO Avlok Kohli and Nova founder Pradyuman Vig about how the deal came about and what the expansion means for the organization. On Friday’s episode of the Equity podcast, Alex Wilhelm, Kirsten Korosec and I dug into what some might consider an unexpected move for AngelList — which has historically served early-stage investors. Hint: We thought it might have a little something to do with its 2022 raise that was co-led by a global investor that rhymes with Kiger. Private equity talk aside, it’s always cool to see a young founder with not just one exit under their belt, but two — by the age of 26. — Mary Ann

Image Credits: Founder Dileep Thazhmon / Jeeves

Weekly News

What do caregiving and divorce have in common? Financial stress for employees. This week, Christine reported on Helpful raising $7.5 million. The new app brings together insurance benefits, medical records and caregiving resources into one dashboard.

As reported by Manish Singh: “The world’s largest asset manager is re-entering India — and it’s doing so in a partnership with Asia’s richest man. Jio Financial Services and BlackRock have struck a deal to form a joint venture, called Jio BlackRock, aimed at serving India’s growing investor base. BlackRock and Reliance’s finance unit are targeting an initial investment of $150 million each into the new 50/50 venture, which will seek to offer tech-enabled access to ‘affordable, innovative’ investment solutions for millions of investors in India, they said.” More here.

Dan Macklin, co-founder of SoFi, has joined Summer as president to help more students and families navigate and reduce student loans. TechCrunch reported on his original departure from SoFi here.

We spotted a tweet (or whatever it’s called now) by Forbes’ Alex Konrad this week about his interview with Victor Lazarte (the former CEO of Brazilian games startup Wildlife Studios), who is Benchmark’s newest equal partner. Lazarte told Forbes that he will invest broadly but has an interest in startups in games, consumer and fintech. TechCrunch’s Connie Loizos caught up with Benchmark’s Miles Grimshaw in June to discuss AI investment. More here.

Also, feds raised rates, and now some fintechs are doing so, too. Wealthfront announced on X that the rate on its “Cash Account” is increasing to 4.80% APY (annual percentage yield), up from 4.55% through its partner banks. If you refer a friend, you get 5.30% APY. Perhaps an interesting note is the up to $5 million FDIC insurance (and $10 million for joint accounts) being offered. Not to be outdone is Robinhood, which also announced via X that it was offering 4.9% APY on accounts that were FDIC-insured up to $2 million through program banks.

What else we’re reading

Six ways FedNow may affect businesses’ cash flow 

Vesttoo investigation reveals $4B fraud involving fake letters of credit

John Collison’s land grab: A Stripe co-founder grows in power

Mastercard’s cease-and-desist letters halt cannabis debit card transactions

Clearwater Analytics to launch new generative artificial intelligence solution for investment management

American Express introduces commercial partner program

Fundings and M&A

Seen on TechCrunch

Upgrade acquires travel-focused BNPL startup Uplift for a song (This is particularly notable considering that Uplift got acquired for far less than it raised over its lifetime.)

GlossGenius raises $28M to expand its bookings and payments platform for beauty businesses

Bloom Money raises £1M to digitize finance for ethnic communities

a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’

Bunq, the Dutch neobank, has raised $111M at a flat $1.8B valuation to break into the US 

Seen elsewhere

Inspectify, which sells software for property inspection services, lands $5.7M 

Digital MGA Foxquilt secures $12M funding

Houston workforce training startup acquired by California company

Mercury Financial secures $200M for its credit card business expansion

Deposit ‘marketplace’ launches with backing from BMO

Settle books $145M credit facility from Silicon Valley Bank 

Join us at TechCrunch Disrupt 2023 in San Francisco this September as we explore the impact of fintech on our world today. New this year, we will have a whole day dedicated to all things fintech, featuring some of today’s leading fintech figures. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code INTERCHANGE. Learn more.

Image Credits: Bryce Durbin

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Best Blender for Smoothies in 2023

Many companies featured on ReadWrite partner with us. Opinions are our own, but compensation and in-depth research determine how products
The post Best Blender for Smoothies in 2023 appeared first on ReadWrite.

Many companies featured on ReadWrite partner with us. Opinions are our own, but compensation and in-depth research determine how products may be selected and ranked. Learn more about how we make money.

Welcome to our comprehensive guide on the best blenders for smoothies in 2023. If you’re a smoothie enthusiast or looking to incorporate healthy and delicious blended beverages into your daily routine, having a reliable blender is essential. With so many options on the market, finding the perfect blender can be overwhelming.

In this article, we will review and compare some of the top blender models, focusing on their performance, features, and overall value for smoothie-making.

Review Process

To determine the best blender for smoothies, we conducted thorough research and analysis. Our review process involved evaluating various factors including blending power, capacity, versatility, ease of use, durability, and customer feedback. We carefully considered the performance of each blender when it comes to blending tough ingredients, creating smooth and consistent textures, and handling various recipes.

Additionally, we examined the build quality, design, noise level, and cleaning process. By combining objective criteria with real-world user experiences, we aimed to provide an unbiased assessment of each blender’s suitability for making smoothies.

Hamilton Beach Power Elite Blender for Smoothies

The Hamilton Beach Power Elite Blender for Smoothies is a versatile and powerful blending tool, earning a solid 4.5 out of 5 rating.

Key stats:

700-watt power output
12 blending functions
40-ounce glass jar

Reasons to buy:

The Hamilton Beach Power Elite Blender offers a fantastic combination of power, versatility, and convenience for both beginners and experienced users. With a 700-watt motor and 12 blending functions, this blender can handle tasks ranging from crushing ice to creating perfectly smooth smoothies with ease. The 40-ounce glass jar is dishwasher safe and durable, ensuring long-lasting use, while the easy-to-use controls and no-mess pouring spout make it accessible for all users. In addition, its compact size allows for easy storage and doesn’t take up too much counter space.

Reasons to not buy:

While the Hamilton Beach Power Elite Blender is generally quite impressive, it may not meet the needs of users looking for a high-capacity blender, as the 40-ounce jar can be limiting for some. Additionally, those who desire even more powerful motors for heavy-duty blending tasks may be better suited to a blender with a higher wattage. Lastly, while the glass jar does contribute to the durability of the product, it also adds weight, which might be a concern for some users.

Pros:

700-watt power output for versatile blending
12 blending functions cater to various blending needs
40-ounce glass jar adds durability
Easy-to-use controls and no-mess pouring spout
Compact size for easy storage

Cons:

40-ounce capacity may not be enough for all users
May not be powerful enough for heavy-duty blending tasks
Glass jar adds additional weight

Ninja QB3001SS Ninja Fit Blender for Smoothies

The Ninja QB3001SS Ninja Fit Blender is a versatile and powerful kitchen appliance designed for smoothie enthusiasts, earning a 4.5 out of 5 rating.

Key Stats:

700-watt motor
Includes two 16-ounce single-serve cups with lids
Pulse technology for even blending

Reasons to Buy:

The Ninja QB3001SS Fit Blender stands out for its powerful 700-watt motor, capable of blending fruits, vegetables, and ice with ease. The pulse technology ensures even blending and processing, perfect for achieving the desired consistency in your smoothies. This blender comes with two 16-ounce single-serve cups with lids, making it convenient for those with a busy lifestyle to enjoy a smoothie on-the-go. The compact design allows for easy storage and use in small kitchens or limited counter space.

Reasons to Not Buy:

Although the Ninja Fit Blender is perfect for smoothies and single-serve options, it might not be ideal for those looking to blend larger quantities or work with a variety of food processing tasks. Additionally, some users have reported issues with the durability of the plastic components and leaking while blending. This blender might not be suitable for individuals seeking a highly durable machine or multi-functional appliance for their kitchen.

Pros:

Powerful 700-watt motor for effective blending
Pulse technology for even blending
Compact design for easy storage
Comes with two 16-ounce single-serve cups with lids

Cons:

Not ideal for blending larger quantities
Limited to mostly smoothie making
Durability concerns with the plastic components
Potential issues with leaking

Vitamix E310 Explorian Blender for Smoothies

The Vitamix E310 Explorian Blender is a powerful and versatile kitchen appliance designed for making smoothies and other blended creations, earning a rating of 4.5 out of 5 stars.

Key stats:

2 HP motor for efficient blending and smooth results
48-ounce container size, ideal for small to medium batches
10 variable speed controls and pulse feature for customized blending

Reasons to buy:

The Vitamix E310 Explorian Blender offers unmatched power with its 2 HP motor, allowing it to easily create smooth and consistent smoothies. The 10 variable speed controls and pulse feature ensure that users have full control over the blending process, providing the ability to create a variety of textures. Additionally, the 48-ounce container is the perfect size for small to medium batches, making it an ideal choice for both personal use and small gatherings.

Reasons to not buy:

Although the Vitamix E310 offers great blending power and control, its relatively higher price point may not be suitable for all budgets. Individuals who are looking for a more basic blender without all the advanced features may find this model to be more than they need. Furthermore, the 48-ounce container may not be big enough for those who frequently prepare larger batches of smoothies or other creations.

Pros:

Powerful 2 HP motor for smooth results
10 variable speed controls and pulse feature provide customization
48-ounce container size is versatile for various batch sizes
Durable build and quality materials ensure long-lasting use

Cons:

Higher price point compared to other blenders on the market
May not be necessary for basic blending needs
48-ounce container may be too small for larger batches

BATEERUN Blender for Smoothies

The BATEERUN Blender for Smoothies is a powerful and versatile kitchen appliance, worthy of a 4.5 out of 5 rating, perfect for creating smooth, creamy blends with ease.

Key stats:

2000-watt motor
Variable speed control with a pulse function
Durable stainless-steel blades

Reasons to buy:

The BATEERUN Blender for Smoothies is an excellent choice for those looking to create professional-quality smoothies at home. Its powerful 2000-watt motor effortlessly blends and crushes ingredients, making quick work of even the toughest produce. With its variable speed control and pulse function, you have precise control over the consistency of your smoothies, allowing for a customized blend every time. Additionally, the durable stainless-steel blades ensure long-lasting performance and can handle even the most demanding blending tasks.

Reasons to not buy:

While the BATEERUN Blender for Smoothies offers exceptional performance, it may be too powerful and large for some users who have limited countertop space or only need a blender for making simple smoothies. Its price point is on the higher end, which means it may not fit the budget of some customers.

Pros:

Powerful 2000-watt motor
Variable speed control with pulse function
Durable stainless-steel blades
Professional-quality smoothies
Easy to use and clean

Cons:

May be too powerful/large for some users
Higher price point than some alternatives
Occupies a significant amount of counter space

iCucina Portable Blender for Smoothies

The iCucina Portable Blender for Smoothies is a compact yet efficient kitchen gadget, perfect for whipping up delicious smoothies on-the-go, earning a solid 4 out of 5 stars.

Key stats:

300W motor for powerful blending
20oz BPA-free Tritan sports bottle
Rechargeable battery with USB charging

Reasons to buy:

The iCucina Portable Blender is an excellent investment for those who love to enjoy fresh, healthy smoothies without the hassle of using a large blender. This portable blender’s 300W motor packs enough power to blend not only fruits but also vegetables and ice, allowing for a variety of smoothie options. The 20oz BPA-free Tritan sports bottle is both durable and safe to use, ensuring no harmful chemicals will leach into your smoothie. Plus, the rechargeable battery with USB charging makes this blender a perfect choice for those who want to carry it while traveling, to work, or to the gym.

Reasons to not buy:

While the iCucina Portable Blender is a convenient and functional option for smoothie lovers, its 300W motor may not be powerful enough for those who require the blending capabilities of a full-sized blender. Additionally, the 20oz bottle may not provide enough capacity for users who prefer to make larger quantities of smoothies at once. The rechargeable battery is convenient, but when compared to more powerful home-based blenders, it may need more frequent recharging, which could be an inconvenience.

Pros:

Compact and portable design
Powerful enough to blend fruits, vegetables, and ice
BPA-free Tritan sports bottle for safety and durability
Rechargeable battery with USB charging for on-the-go convenience

Cons:

300W motor may not be sufficient for heavy blending tasks
20oz bottle may not provide enough capacity for some users
Battery may require frequent recharging compared to non-portable blenders

Enfmay Blender for Smoothies

The Enfmay Blender for Smoothies is a versatile and powerful blending machine, garnering a solid 4.5/5 rating for its performance and overall quality.

Key Stats:

1000-watt motor for rapid and efficient blending
Six stainless steel blades for smooth consistency
Multiple speed settings and pulse function for precise control

Reasons to Buy:

The Enfmay blender offers a strong 1000-watt motor that can efficiently crush ice, blend fruits, and pulverize vegetables for making perfect smoothies, soups, and sauces. With six stainless steel blades, it provides a smoother consistency and faster results compared to other blenders. It comes with multiple speed settings and a pulse function, allowing for complete control over the blending process. Its large capacity and easy-to-clean design make it an ideal addition to any kitchen for users seeking a reliable and efficient blending tool.

Reasons to Not Buy:

One drawback to consider is that due to its high-powered motor, the blender can be quite loud when in use, which may bother users with noise sensitivity or be disruptive in small living spaces. Additionally, its powerful motor and high-performance capabilities may not be necessary for those who only plan to use the blender for basic blending tasks. Lastly, its price point may be a bit higher than more basic models, making it a potential con for budget-conscious shoppers.

Pros:

Powerful 1000-watt motor for efficient blending
Six stainless steel blades for smooth consistency
Multiple speed settings and pulse function for better control
Large capacity and easy-to-clean design

Cons:

Can be quite loud when in use
Might be too powerful for basic blending tasks
Higher price point than some more basic models

nutribullet NBR-0601 Blender for Smoothies

The NutriBullet NBR-0601 Blender for Smoothies is a compact yet powerful single-serve blender that effortlessly creates delicious and nutritious smoothies, earning a strong rating of 4.5 out of 5.

Key Stats:

600-watt motor for efficient blending and pulverizing
Comes with extractor blade, 24 oz. cup, and to-go lid
Dishwasher-safe parts for easy cleaning

Reasons to Buy:

The NutriBullet NBR-0601 Blender is ideal for those who want to incorporate healthy smoothies into their daily routine. Its 600-watt motor ensures that ingredients are blended into a smooth consistency, and the extractor blade breaks down the toughest fruits and vegetables effortlessly. The 24 oz. cup is perfect for single servings and comes with a to-go lid for those on the move. With dishwasher-safe parts, cleaning up is a breeze, making this blender perfect for busy individuals who prioritize health and convenience.

Reasons to Not Buy:

While the NutriBullet NBR-0601 Blender is powerful and efficient, its single-serve capacity might not be suitable for families or users who need to blend larger quantities at once. Additionally, some users may find the noise level a bit too loud for their liking, especially in small living spaces. Lastly, those looking for a versatile kitchen appliance might feel limited by this blender’s primary focus on smoothies.

Pros:

Powerful 600-watt motor
Easy to clean with dishwasher-safe parts
Compact design for easy storage
Perfect for single servings with 24 oz. cup and to-go lid
Designed specifically for smoothies

Cons:

Not ideal for those who need to blend larger quantities
Can be noisy during operation
Limited versatility compared to other blenders

Mueller Ultra Bullet Blender for Smoothies

The Mueller Ultra Bullet Blender for Smoothies is a powerful and compact blending system that gets a 4.5 out of 5 for its performance, design, and versatility.

Key stats:

900-watt motor for crushing ice, fruits, and vegetables
Easy-to-use design with the twist of one cup
Comes with multiple cups and lids for on-the-go convenience

Reasons to buy:

With a powerful 900-watt motor, the Mueller Ultra Bullet Blender can easily crush ice, fruits, and vegetables to create delicious and healthy smoothies. This compact blender is perfect for individuals or small families, as it takes up minimal space on the countertop. The set includes multiple cups and lids that make it convenient for those who often run on busy schedules. Simply prepare your smoothie, twist the cup to lock, blend, and you’re all set. Its easy-to-use design and excellent blending performance make it a top choice for smoothie enthusiasts.

Reasons to not buy:

As with any product, there are some downsides to consider. The Mueller Ultra Bullet Blender’s small size means it may not be ideal for large families or heavy-duty blending tasks. Additionally, some customers have reported that it can struggle to fully blend tougher ingredients such as leafy greens or whole nuts. If you tend to use your blender for more demanding tasks or larger quantities, this might not be the best option for you.

Pros:

Powerful 900-watt motor
Compact design
Easy to use
Multiple cups and lids for convenience
Versatility for blending various ingredients

Cons:

May struggle with tougher ingredients
Not ideal for large quantities or heavy-duty tasks
Some durability concerns with long-term use

FlyBanboo Personal Blender for Smoothies

The FlyBanboo Personal Blender for Smoothies is a versatile and compact blending machine that easily earns a 4.5 out of 5 rating.

Key Stats:

Power: 300 Watts
Capacity: 20oz (600ml)
Speed: Single speed setting with pulse function

Reasons to Buy:

The FlyBanboo Personal Blender is perfect for those who are always on the go, as its compact design allows for seamless blending and easy storage. Its single-button operation and 300-watt power make it an ideal choice for blending various ingredients, such as fruits, vegetables, and protein powders. The blender comes with two 20oz travel containers, making it convenient for users to blend and immediately enjoy their favorite smoothies or shakes. With its durable stainless steel blades, this device can break through ice and frozen fruits, ensuring a perfect texture in every blend.

Reasons Not to Buy:

While this blender features an easy-to-use design, it may not have sufficient power and speed options for those with more intricate blending needs. The single-speed motor and 300-watt power limit its capabilities with heavier blending tasks, making it unsuitable for processing hard or fibrous ingredients. Additionally, the absence of multiple attachments or accessories may deter potential users who require more versatility from their kitchen appliances.

Pros:

Compact design allows for easy storage and transportation
300-watt power enables blending of various ingredients
Comes with two 20oz travel containers for added convenience
Stainless steel blades can handle ice and frozen fruits

Cons:

Limited power and speed options may not suit more advanced blending tasks
Absence of multiple attachments or accessories may hinder versatility for some users

Bear Blender for Smoothies 700W

The Bear Blender for Smoothies 700W is a powerful and versatile kitchen appliance, deserving a solid rating of 4.5 out of 5.

Key Stats:

700 watts of blending power
Multi-functional design, allowing for blending, juicing, and grinding
22,000 RPM high-speed blending capabilities

Reasons to Buy:

The Bear Blender for Smoothies 700W is an excellent choice for those looking to upgrade their blending game in the kitchen. With its powerful and efficient 700W motor, this blender can blend various ingredients seamlessly. Its multi-functional design allows for blending, juicing, and even grinding, which can save you both time and money by not needing multiple appliances. Moreover, the 22,000 RPM high-speed blending capability ensures your ingredients are quickly turned into smooth, well-mixed blends, making it perfect for busy households.

Reasons not to Buy:

While the Bear Blender for Smoothies 700W certainly has many advantages, it may not be the best choice for those who require only a simple, entry-level blender. The high-performance and multi-functionality of this appliance can be overwhelming for someone who only occasionally blends smoothie or fruit juice, and the price might be more than they would like to spend for a blender.

Pros:

Powerful 700W motor
Multi-functional design
High-speed blending for smoother results
Versatile, capable of blending, juicing, and grinding
Great for busy households

Cons:

May be too advanced for entry-level users
Price point might be a factor for some individuals
Some may find the high-speed blending feature unnecessary

Table Overview

Blender Model
Power
Capacity (oz)

Hamilton Beach Power Elite
700 watts
40

Ninja QB3001SS Ninja Fit
700 watts
16

Vitamix E310 Explorian
1440 watts
48

BATEERUN
300 watts
20

iCucina Portable
300 watts
14

Enfmay
300 watts
20

Nutribullet NBR-0601
600 watts
24

Mueller Ultra Bullet
600 watts
24

FlyBanboo
300 watts
14

Bear 700W
700 watts
20

FAQ

What makes a blender ideal for smoothies?

A blender that is ideal for smoothies should have a powerful motor and sharp blades to efficiently blend ingredients into a smooth and consistent texture. It should also have a large enough capacity to accommodate the desired quantity of ingredients for your smoothies.

How much power should a blender have for smoothie-making?

For smoothie-making, it is recommended to have a blender with a motor power of at least 500 watts. This power level ensures that the blender can easily blend through tough ingredients like frozen fruits and ice cubes.

What is the optimal capacity for a smoothie blender?

The optimal capacity for a smoothie blender depends on your personal needs. If you plan to make single servings, a blender with a capacity of around 20-32 ounces would be suitable. However, if you often make smoothies for a family or larger groups, opting for a blender with a larger capacity, such as 40-64 ounces, would be more practical.

Can these blenders handle frozen fruits and ice cubes?

Yes, the blenders featured in our selection are designed to handle frozen fruits and ice cubes. They have the power and sharp blades necessary to break down these ingredients and create smooth and creamy smoothies.

Are the blenders easy to clean?

Yes, these blenders are designed with convenience in mind and are generally easy to clean. Most models have removable blades and parts that are dishwasher safe, making the cleaning process quick and hassle-free.

Conclusion

After careful evaluation and consideration, we have identified the top blenders for making delicious smoothies in 2023. These blenders excel in terms of blending power, capacity, versatility, ease of use, and durability.

Whether you prefer a high-powered blender for handling tough ingredients or a compact blender for on-the-go smoothies, there’s a suitable option for everyone. Investing in a quality blender will elevate your smoothie-making experience, enabling you to create healthy and satisfying beverages with ease.

We hope this article helps you make an informed decision and find the perfect blender that meets your needs and preferences.

Discover the best blenders of 2023

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