Morning Brew Daily Instagram’s Map Feature Sparks Backlash & Sweetgreen’s Future Wilts
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Aug 11, 2025 Excitement buzzes around a potential $30 billion IPO for mortgage giants that could reshape Wall Street. Instagram's new map feature is stirring privacy concerns, leaving users upset. Sweetgreen is pivoting from greens to proteins, attempting to regain its customer base. Meanwhile, Bed Bath & Beyond makes a nostalgic comeback with a store opening in Nashville, while AOL’s end raises questions about its prolonged existence. Dive into the intriguing intersections of finance, social media, and retail challenges!
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Huge, Complex Fannie/Freddie IPO Looms
- Trump's team may IPO Fannie and Freddie, aiming to raise $30B and value both near $500B.
- Privatization could shift mortgage risk and push U.S. mortgage rates higher.
Location Map Rollout Triggered Major Backlash
- Instagram's map feature spooked users who feared nonconsensual location broadcasting.
- Adam Masseri insisted sharing is opt-in and default-off, but trust gaps made the launch feel unsafe.
Sweetgreen's Premium Bet Backfires
- Sweetgreen reported an 8% same-store sales decline and a $26M operating loss, sending shares tumbling.
- CEO Jonathan Neiman is cutting complex items and refocusing on proteins and seasonal menu.