Rich Habits Podcast Nvidia Investing $100B Into OpenAI, Starbucks Closing 400 Locations & Amazon's $2.5B Fine For Tricking Prime Members
21 snips
Sep 26, 2025 Dive into the financial news as the hosts discuss Amazon's hefty $2.5 billion settlement for misleading Prime members. They also explore Starbucks' decision to close over 400 locations and what it takes to turn around a struggling business. Plus, get the scoop on Nvidia's staggering commitment of $100 billion to OpenAI, and what it means for the future of AI technology. Other hot topics include Morgan Stanley's new crypto offerings and insights on managing imposter syndrome among business owners.
AI Snips
Chapters
Books
Transcript
Episode notes
Dark Patterns Trigger Massive Fine
- Amazon used design 'dark patterns' to make joining Prime easier than canceling it. This led to a $2.5 billion settlement that may set precedent for subscription design rules.
Buy Market Weakness If Fundamentals Hold
- Stay calm as an investor; Robert Croak still views Amazon as a long-term buy despite the fine. Consider buying into weakness if you believe fundamentals like AWS and advertising remain strong.
Starbucks' Hard Reset
- Starbucks will close 400+ underperforming stores and cut ~900 corporate jobs as part of a $1B restructuring. Management frames this as a 'back to Starbucks' turnaround focused on customer experience and cost discipline.
