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Morning Brew Daily
Nike CEO Abruptly Steps Down After Struggling Sales & 23andMe in Turmoil
Sep 20, 2024
John Donahoe, the recently retired CEO of Nike, discusses his departure amid the company's sales struggles. He highlights strategic missteps that impacted performance. The conversation shifts to the turmoil at 23andMe, where all board members resigned, pointing to a lack of direction. In lighter news, Olive Garden teams up with Uber for breadstick delivery, while Trump Media faces potential stock drops as investors sell. The episode wraps up with a nod to Starlink's interference with astronomy and gymnast Jordan Chiles' quest to reclaim her bronze medal.
30:31
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Quick takeaways
- Nike's CEO John Donahoe is stepping down due to declining sales and internal criticism over his management strategies.
- 23andMe's board members resigned amid disagreements on the company's direction, raising concerns about its financial viability and future.
Deep dives
Ryan Reynolds and Mint Mobile's Pricing Strategy
Amid rising inflation, Mint Mobile has introduced an innovative pricing strategy to attract customers by lowering their prices. The company is promoting its unlimited premium wireless service at an attractive rate of $15 per month through a unique reverse auction concept. This approach not only enhances affordability but also encourages new customers to consider switching to Mint by showcasing significant savings compared to traditional plans. The strategy underscores the company's aim to challenge competitors in the telecom market and make quality wireless service accessible to more people.
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