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The Hustle Daily Show
Alright, Starbucks. What the hell is going on with you?
Nov 1, 2024
Starbucks is facing growing pains under new CEO Brian Niccol, implementing changes that are both popular and controversial. The discussion dives into the coffee giant's strategy for a comeback, including menu simplification and a focus on community engagement. Meanwhile, American Airlines is revamping its boarding process to ease traveler frustrations. The hosts also touch on Meta's impressive profit surge, Neymar Jr.'s lavish Miami real estate purchase, and a massive fine issued to Google by Russia. It's a rollercoaster of business news!
17:04
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Quick takeaways
- Starbucks is refocusing on simplicity and customer connection by discontinuing unpopular products and eliminating extra charges for alternative milks.
- Meta's profit increase is overshadowed by investor concerns about significant spending on AI, impacting its stock value despite strong revenue performance.
Deep dives
Starbucks Strategic Changes
Starbucks is undergoing significant transformations under its new CEO, Brian Nichol, in response to recent disappointing financial performance. The company is discontinuing its olive oil drink and eliminating extra charges for alternative milks to appeal to a wider range of customers. Nichol aims to return Starbucks to its roots as a neighborhood café, emphasizing simplicity in the menu and streamlining service times. This strategic shift is seen as a way to reconnect with consumers and boost sales in the face of declining earnings over the past few quarters.
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