This chapter explores the resurgence of Luckin in China's coffee market as it adopts aggressive discounting strategies and partnerships with delivery workers to gain market share, while also discussing the differences in coffee preferences between China and the United States. It also touches on Starbucks' success in understanding Chinese consumers and their overseas performance, as well as a brief mention of Carvana's stock rebound.
Episode 214: Neal and Toby look at the recent layoffs from Cruise, Hasbro and Etsy and explain why companies announce layoffs just before the holidays. Plus, there's a board battle brewing at Disney and Starbucks doesn't run the coffee show in China anymore. The guys share their stocks of the week and why the rental market in the US may finally be favoring tenants. Finally, what business lessons can we learn from Willy Wonka?
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