Spotify’s pitch to podcasters: valuable listener data
Netherlands’ Building Ages. How cool is this? It must have taken quite some time and effort to build this map.
OuiWork? The quick case for WeWork as an actually disruptive business
Apple Targets Apple TV+ Launch in November, Weighs $9.99 Price After Free Trial
Where Top US Banks Are Betting On Fintech
Manufacturers Want to Quit China for Vietnam. They’re Finding It Impossible
Apple’s New TV Strategy Might Just Work
MoviePass database exposes 161 million records. Much as I am grateful to MoviePass, perhaps it’s time for the company to be shut down
Starbucks, monetary superpower. Let me give you a notable quote to get an idea of what this article is about
Starbucks has around $1.6 billion in stored value card liabilities outstanding. This represents the sum of all physical gift cards held in customer’s wallets as well as the digital value of electronic balances held in the Starbucks Mobile App.* It amounts to ~6% of all of the company’s liabilities.
This is a pretty incredible number. Stored value card liabilities are the money that you, oh loyal Starbucks customer, use to buy coffee. What you might not realize is that these balances simultaneously function as a loan to Starbucks. Starbucks doesn’t pay any interest on balances held in the Starbucks app or gift cards. You, the loyal customer, are providing the company with free debt.
Now bigger than eBay, Shopify sets its sights on Amazon