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Snacks / Monday, January 27, 2020

All Uber the place... Uber's had a lot in its trunk lately, from working to disqualify its California drivers from being employees to a potential London ban. But shares surged 5% after it sold its Uber Eats India biz to Indian food delivery competitor Zomato. Uber's taking the "dominate or ditch" approach: Leave markets where it's not #1 to focus on markets where it is (or could be). Some see this exit as quitting, but investors see a money-losing company finally make profit-chasing moves.

Real meat, minus the animal... Memphis Meats just raised $161M to develop cell-based meat, the biggest ever fundraise for a lab-grown meat startup. The startup "feeds" cells taken from animals, then grows the tissue into a hunk of beef you can cook and fit in a taco. And you thought plant-based was wild. The world wants twice today's meat by 2050, and lab-grown meat could deliver by requiring 99% less land and 96% less water than raising animals.

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