Cosco does not lose money on an item. The only time we'll sell below cost is if we made a mistake and we mark it down. On certain items, like the one 50 hotdo or the four 99 rotessy chicken, they will take it down to break even. Apple's been copying cosco all along.
Timestamps:
- (00:00:00) Intro
- (00:02:28) Meme of the Week
- (00:04:33) Snap down 40% + Impact of Apple’s ATT on Google/FB/Shopify
- (00:23:00) New Models
- (00:32:23) YouTube dominating TV + do we need 10,000 legging brands?
- (00:37:49) Apple Lawyers vs OPEC
- (00:42:23) Apple Ad Platform + Snap AR
- (00:45:05) Crypto Insider Trading
- (01:00:16) Fear of MonkeyPox?
- (01:05:09) $1.50 Costco Hotdog + Inflation
- (01:10:43) How Costco Keeps Their Hotdog at $1.50
- (01:17:03) Jack Butcher Live Illustration
What Is Not Investment Advice?
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