Here’s what’s happening today:
1. Why Unilever really bought the Dollar Shave Club
“Dollar Shave Club hit the jackpot when Unilever agreed to buy the online men’s razor merchant for $1 billion. Other e-commerce startups such as Birchbox and Stitch Fix can’t necessarily expect their own suitor to sweep in with such sweet deals. That’s because the key to Dollar Shave Club’s appeal is not so much its online prowess but the fact that it built a powerful brand in four years.”
2. Here’s what you should know about the new Child Care Benefit
“Starting today, most Canadian families with children under 18 can expect to see a bigger child benefit payment, as money starts flowing in one of the most ambitious social policies to be implemented in Canada in decades.”
3. Reporters keep asking Boris Johnson why he lies so much
“Boris Johnson was embarrassingly forced on to the back foot during his first London press conference as foreign secretary on Tuesday as he was repeatedly pressed to explain his past ‘outright lies’ and insults about world leaders, including describing the US president as part-Kenyan and hypocritical.”
4. Maybe Twitter can’t be fixed
“Twitter has tried, and failed, to curtail the culture of abuse and harassment on their social platform, so maybe it’s time to move on.”
+1: Milo Yiannopoulos’s Twitter ban, explained.
+1: The promise of the App Store is dead.
5. The dream of floating cities is being dragged down by reality
“Seasteading is the biggest DIY project in the world—but everyone wants something different.”