Hey Snackers,
It's the final day of the 1st annual TBOY Awards 🏆 Yesterday, Sweden's Spotify was teary-eyed taking home the trophy for Best Foreign Firm. Our final award will go to one (un)lucky winner...
The nominees for Best Product in a Failing Role are: 🥁 🥁 🥁
You can vote on Twitter @RobinhoodSnacks. Markets kept rising after China announced it'll cut tariffs in half on $75B of US goods (part of fulfilling its side of the trade deal).
When you think "Dunkin"... you envision a 64-ounce styrofoam cup and a glazed chocolate donut on a frosty January morning before hockey practice in Canton, Mass. Now, that vision is evolving to include espresso shots, alt-meat breakfast sandwiches, and 'power muffins.' While Dunkin' reported 4th quarter earnings Wednesday, we've noticed that it has been subtly fancy-fying itself:
Dunkin' doesn't want to alienate its hardcore faithful... So it's been stealthy. Kinda like your college friend who studied abroad in Paris and now refuses dining hall coffee – but more subtle. It's because Dunkin' can rake in more $$$ for premium drinks paired with alt-meat sandwiches. And Wednesday's earnings confirmed that fancification is working:
Can you get night sweats in the daytime?... Casper shares jumped 13% on 2020's biggest IPO yet. The pioneer of Direct-to-Consumer mattresses wants to make the "sleep economy" a thing (like fetch) — yesterday's IPO had more nightmarish vibes. A month ago, Casper was worth $1.1B. Today, it's worth $500M. These 5 numbers from its IPO paperwork caused that:
You've heard of "private" and "public" markets... But there's actually a subtle 3rd market that touches companies in the short window before their IPO — We're calling it the "Pre-Public Market," and it's what messed with Casper.
This just shocked the entire Direct-to-Consumer startup industry... Warby Parker glasses. Allbirds shoes. Away suitcases. Glossier cosmetics. Rent The Runway clothing. These DTC unicorns have been itching to IPO themselves — and they're all valued around $1B. Casper's sad debut could mess with their next private fundraise or maybe even make them rethink IPOs (like trying to get acquired instead).
Back from the spa... Twitter is feeling refreshed after posting $1B in quarterly revenue for the first time. What it really wants you to know: it's "healthier" now ("health" was mentioned 8 times in its shareholder letter — more than "profit"). To Twitter, healthy means fewer trolls, less fake news, less trolling. Twitter's self-betterment moves:
The Keto-worthy mindfulness cleanse is working... Twitter's daily users grew to 152M from 145M last quarter. But more interestingly, there was a 27% drop in bystander reports on tweets that violate the terms of service.
Spa treatments are expensive... Twitter's quest to glow up came at a price. It posted lower profit than expected, making $119M vs $225M last year. And it's expecting costs to climb further — Twitter's adding 20% more staff this year. But its newly aggressive focus on "health" could set it apart from the rest of social media, and investors are excited for Tokyo 2020 and the US presidential election driving people to Twitter.
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Disclosure: Authors of this Snacks own stock of Beyond Meat
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