Morning Brew Daily Meta and Google Cut DEI Programs & Can TikTok Save Peloton?
5 snips
Jan 5, 2024 The discussion dives into the controversial cuts to DEI programs at major companies like Google and Meta. It highlights the consequences of recent Supreme Court rulings on affirmative action and Google’s cookie elimination for user privacy. A fascinating $920 million deal with the NCAA focuses on women's basketball, showcasing its rising prominence. The hosts explore Peloton's new partnership with TikTok as a potential game-changer for the brand. Additionally, they touch on viral products like Starbucks cups and critique personal finance philosophies amid significant debt.
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DEI Under Scrutiny
- DEI programs are facing criticism and legal challenges, especially after the Supreme Court's affirmative action ruling.
- Some argue that DEI initiatives discriminate against certain groups and violate shareholder interests by not prioritizing the best talent.
Lululemon's DEI Paradox
- Lululemon's founder, Chip Wilson, criticizes DEI efforts, claiming they discourage certain customers.
- Ironically, Lululemon's performance thrived after adopting a more inclusive approach, with stock up 55% last year.
Cuban's DEI Defense
- Mark Cuban defends DEI, highlighting its business benefits.
- He argues diversity helps find overlooked talent, while inclusion reduces employee stress, ultimately contributing to business success.
