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E-Cig Maker Juul Valued at $15-16 Billion

posted by martyb on Tuesday July 03 2018, @07:54AM   Printer-friendly
from the new-definition-of-vaporware dept.

takyon writes:

E-cig startup Juul plans to go global by raising $1.2 billion

"Juuling" might be a thing around the world in the future, because the e-cig-maker has big plans to go global. According to Bloomberg, Juul is raising $1.2 billion in a financing round, which would put the startup's value at a whopping $15 or $16 billion. If you need something to compare that to, Lyft recently reached a $15 billion valuation after raising $600 million. The publication says the company is hoping to use the money it raises from investors to make its USB vape pens available outside the US and Israel. Currently, if you want to buy its trendy pens and nicotine pods outside those two countries, you'd have to find resellers.

Does this story make you want to sell drugs flavored water to children?

Related: Tobacco Roundup (U.S. to Crack Down on Tobacco, Electronic Cigarettes)

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  • (Score: 2) by takyon on Tuesday July 03 2018, @01:57PM (2 children)

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Tuesday July 03 2018, @01:57PM (#701897) Journal

    Pretty soon to be found at your local gas station: Juul knock-offs such as "Jemm" and "Cristal (like the champagne)". Let's hope they can successfully sue for... design patents? Trademark infringement?

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  • (Score: 2) by Alfred on Tuesday July 03 2018, @03:45PM

    by Alfred (4006) on Tuesday July 03 2018, @03:45PM (#701962) Journal
    Or they branch out, Juul Diamond for the girls and Juul Ti for the guys. I mostly just hope the whole nicotine industry fails. At least with traditional tobacco you know where it is by the stink.

  • (Score: 2) by FatPhil on Tuesday July 03 2018, @03:57PM

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Tuesday July 03 2018, @03:57PM (#701969) Homepage
    Apropos of not very much at all, a tiny anecdote which doesn't count as actual data.

    I live downtown in the capital city, streets are full of people, and there's plenty of youth, as I'm right on top of the bar district. Downstairs in my building, after a boutique clothing store, about 9 months ago, we got a vape shop. It closed over 6 months ago, there's a bar there now. Does that mean we're past peak vape? I really can't think of many other vape shops in town, but I don't travel far from the centre often. It might just be the rents in the building, of course, the landlord's a greedy cunt, and apparently there's no shortage of stupid renters who think their business will succeed where every other one has failed.
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