"What do you mean it's 'no longer included?'"
Hey Snackers,
The only delivery service that faces zero competition: Brew Dogs βΒ two adorable golden retrievers (Buddy and Barley) deliver craft beers and hop-piness. Call it Air Bud Light.
Stocks gained last week as the reopening of state economies across the US hasn't resulted in major outbreaks yet. While the major US stock indexes gained about 3% each, the Russell 2000 (which reflects stocks of smaller public companies) soared 7% on investor optimism.
On the pod: Scarce. Elusive. Mythical. We found the rare pure-play Millennial stock: E.l.f Beauty's vegan makeup, affordable prices, and Glossier-worthy online game are the avocado toast of cosmetics β more on our 15-minute podcast.
The EarPod-calypse is here... Like a free side of fries with your burger, or a pack of peanuts with your flight, Apple has always given away a "free" set of white wired headphones with your iPhone purchase. Those days may be over: Apple reportedly may not include EarPods with the iPhone 12. Let's untangle the history...
The Bluetooth Fairy was extra generous... Apple posted a record quarterly profit in January, largely thanks to a 37% jump in wearables sales (AirPods Pro nailed it). Roughly 60M pairs of AirPods were sold in 2019 β turn that up over 50% to an expected 94M pairs in 2020. Looks like Apple's 2nd profit puppy, behind just the iPhone (see ya, Macbook and iPad).
Apple has all the power in its ecosystem... From battery life to software upgrades, Apple can influence your purchases. All it takes is a new product release to make wired headphones as vestigial as iPod Nano. By giving away free earphones with each iPhone, Apple potentially hurt AirPods sales. But if the "no free headphone" reports are true, AirPods may get a boost (our drawer of rando electronic extras probably doesn't need another set of EarPods, anyway).
Came for the $3 bronzer... Stayed for the $2 angled brow brush. E.l.f. Beauty shares soared 19% last week after a 13% quarterly sales pop β thank the blush-worthy triple-digit growth in e.l.f.'s online biz. The cruelty-free, no frills makeup/skincare company thrived on dollar-store prices and availability at "essential" Walmart. Plus, Zoomface is a real thing even if you're not going out.
Bezos is sweating... Facebook popped 11% as it intro'd Facebook "Shops," which lets businesses set up digital stores across FB/Instagram. FB gets a "small fee" per purchase β indirectly, it'll also get more ad dollars if businesses find success selling on FB platforms. FB gets to diversify its revenue streams while also propping up its digital lifeblood (ad sales) during ad-pocalypse. And its 3B scroll-obsessed users combined with ecommerce could make Amazon sweat. BTW β Zuck committed to have 50% of workers working remotely in 5-10 years.
Everybody Hertz (sometimes)... Rental car icon Hertz filed going into the weekend. The airport staple is sitting on $19B in debt β most of its 700K cars haven't felt a human touch on their steering wheels in months. Hertz was hurting pre-corona, thanks to competition from peers like Avis and ride-hailing services. But near-nonexistent travel demand was the final nail in its deflated tire.
Unicorns falling into a valley... That's the (hilariously) grim picture Softbank (literally) painted in its earnings slideshow. The Japanese tech investment giant posted a record-shattering $18B operating loss for its Vision Fund β nearly $10B of that came from a plunge in the values of its Uber and WeWork investments. Now SoftBank is trying to sell $41B worth of its stock in other companies like T-Mobile to get cash fast.
Disclosure: Authors of this Snacks own shares of Amazon
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