The Best One Yet 💍 “Engagement Rings for Men” — Tiffany’s pivot. DoorDash’s $8B empty calories. I******n.
Nov 11, 2021
Tiffany is shaking things up by launching engagement rings for men and partnering with streetwear brands to attract a younger crowd. Meanwhile, DoorDash is diving into an $8 billion acquisition, raising eyebrows about the value of its investment. Inflation is spiking at a rate we haven't seen in decades, prompting discussions about its underlying causes and implications. The conversation also touches on how talk of inflation can inadvertently fuel the problem, creating a complex cycle in the economy.
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The Rise of the "He-conomy"
- More men are engaging with products traditionally associated with women.
- This trend is seen across various brands like Lululemon, Botox, and Pinterest.
Tiffany's Pivot
- Tiffany & Co. partnered with Supreme and launched men's engagement rings.
- This is part of their strategy to appeal to younger consumers and the "he-conomy."
The Price of Growth
- DoorDash's growth is slowing in the US, leading them to acquire Wolt for European expansion.
- This strategy is costly, representing 10% of DoorDash's valuation.