Should've checked in with your eyeballs Don Mason/The Image Bank via GettyImages
Bye, Arthur. The longest-running kids cartoon in history is ending after 25 seasons.
Stocks rebounded on news that jobless claims ticked down last week, meaning fewer layoffs.
Better have my money… Better yet: my billions. Rihanna was already the richest female musician on Earth, and second only to Oprah as the richest female entertainer. Now, the music icon has another title to put under her umbrella: billionaire.
Contour stick in "mocha"... Fenty launched in 2017 as a 50-50 joint venture with French luxury giant LVMH, which owns 75 brands — including Dior, Bulgari, Dom Pérignon, and Sephora. At its debut, Fenty was hailed as groundbreaking for offering 40 inclusive foundation shades, many of which sold out in days.
Celeb-preneurship is thriving.. The old celeb model: stars getting paid to put their name and face behind a brand's product. The new model: stars own the products and their marketing. Instead of promoting other brands, celeb-preneurs leverage their massive followings to push their own – like Rihanna with her 103M Insta followers. That's led to successes: Kim K & Kylie's beauty companies are worth $1B+, Jessica Alba’s Honest Co just IPO’d, and Jay-Z's Tidal was snatched by Square.
Don't forget the vax card… In some bars and concert venues, it's becoming as common as a 21+ ID check. Many locations, and all of NYC, are requiring proof of vax status for indoor activities like working out or dining. That’s good news for Clear Secure, TSA PreCheck's techier cousin. Clear shares have soared 74% since it IPO'd in June.
Where there’s a wait… there's a way. Last year’s pandemic shutdowns were hard on Clear. As flights and Ariana Grande concerts were canceled, Clear's revenue plunged 50% from March to April 2020. Then, Clear saw a light at the end of the terminal: Covid tests and vaccines presented a key opportunity to expand beyond IDs for flying. So it got to work:
IDs could be next in the contactless revolution… Clear isn't stopping at airport lines — it wants your eyeballs to be your ID at work, at happy hour, and at the doc's office. Just like contactless payments are making wallets and cash obsolete, biometric IDs could make your driver's license obsolete. Companies like IBM and Mastercard are working on their own digital health IDs. The biometric ID market is growing — it's expected to more than double from $20B last year to $44B by 2026.
Uber and Lyft dropped off earnings this week.
They’re not the same anymore, but Wall Street’s treating them that way.
Authors of this Snacks own shares of: Apple, Square, and Moderna