The Best One Yet 🥶 “Bitcoin Blizzard” — Coinbase’s bankruptcy scare. The RealReal’s re-Gucci. Baby Formula’s shelfless-ness.
May 12, 2022
Coinbase is feeling the chill as it faces tough times in the crypto market, sparking conversations about its future. Meanwhile, The RealReal is thriving by snagging luxury goods, showcasing resilience in resale. The podcast also digs into the baby formula shortage, highlighting significant market failures and the urgent need for government intervention. It’s a fascinating look at shifting consumer behaviors and the complexities of today's economy.
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Episode notes
iPod's Demise
- Apple discontinued the iPod after 22 years, marking the end of an era.
- The iPod's peak popularity in 2006 significantly impacted Apple's revenues and paved the way for subsequent innovations like the iPhone and podcasts.
Bitcoin Blizzard
- Coinbase's stock plummeted 27% due to decreased crypto trading.
- This drop reflects the current Bitcoin blizzard, impacting crypto prices and related businesses.
Resale's Resilience
- The RealReal, a luxury resale platform, thrives during economic downturns.
- Resale's inherent affordability and availability appeal to consumers facing inflation and shortages.