Morning Brew Daily Lordstown Motors Goes Bankrupt & Why is 'Barbie' Everywhere Right Now?!
Jun 28, 2023
Dive into the drama as Lordstown Motors declares bankruptcy, igniting a lawsuit against Foxconn over $170 million. Meanwhile, explore how the 'Barbie' marketing team has saturated the market with a wave of pink and clever collaborations. Ryan Seacrest steps into Pat Sajak's shoes on 'Wheel of Fortune,' igniting discussions about the show's future. Plus, uncover the eye-popping new intern salaries in finance and the last U.S. state where you can't pump your own gas—along with a bizarre lawsuit involving a fridge and lost research!
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Lordstown Motors Bankruptcy
- Lordstown Motors, an EV startup hyped as a Rust Belt savior, filed for bankruptcy.
- They struggled with production, delivering only two trucks, and are suing Foxconn.
SPAC Boom and Rust Belt Revival
- Lordstown's failure highlights the challenges of the 2020 SPAC boom and Rust Belt revival narrative.
- The company's pioneering in-wheel motor technology didn't pan out, leading to a slow decline.
Barbie's Marketing Blitz
- Barbie's marketing is everywhere, from Airbnb Dreamhouses to Xbox consoles and pinkberry flavors.
- This saturation even extends to home decor, with "Barbiecore" becoming a trend.