The mattress industry is estimated to be worth around $15 billion. So it's no surprise that there are countless mattress and box mattress companies vying for a piece of the pie. What actually is surprising, is that start-up Nectar did $35 million in revenue their first year.
Craig Schmeizer, co-founder of Nectar, joins Cheddar to explain why his company has been so successful. He said Nectar uses big data to better understand what the consumers want out of their mattress and mattress shopping experience. Nectar offers a one-year trial period because Schmeizer is convinced once consumers test their product, they will be pleased.
Schmeizer is bullish on the future of the mattress market because he says consumers will continue to need new mattresses at the turning points of their life. He also weighs in on the egg drop test that other companies use to show the stability of their mattresses. Schmeizer says Nectar's product speaks for itself.
A Spanish government minister tells The Associated Press that Spain has sent a message with its recent crackdown on Airbnb.
President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day. And he’s pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune at the White House early this week and has been dialing senators for one-on-one chats, using both the carrot and stick to encourage them to act. But it’s still a long road ahead for the bill. Senators want to make changes to protect Medicaid and to make sure some tax breaks become permanent. Elon Musk called the whole bill a "disgusting abomination.”
The explosive growth of the data centers is eliciting some pushback.
The fate and fortunes of one of the world’s most powerful tech companies is now in the hands of a U.S. judge.
Wrench attacks, where crypto investors are hit with wrenches to give up passwords, are on the rise.
SpaceX has launched its Starship mega rocket again after back-to-back explosions.
A second cryptocurrency investor has surrendered to police in the alleged kidnapping and torture of a man inside an upscale Manhattan townhouse.
Salesforce is buying AI-powered cloud data management company Informatica in an approximately $8 billion deal.
For Novak Djokovic, this is a relatively easy call. He thinks the French Open is making a mistake by eschewing the electronic line-calling used at most big tennis tournaments and instead remaining old school by letting line judges decide whether serves or other shots land in or out.
A federal judge in Florida has rejected arguments made by an artificial intelligence company that its chatbots are protected by the First Amendment — at least for now.
