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The Hustle Daily Show
The deadly $350B black market for sand. Yes, sand.
May 3, 2024
Exploring the $350 billion black market for sand, its scarcity, illegal extraction practices, and intense demand. Tech updates include TikTok ban implications. The global scarcity of sand in construction and the environmental impact of sand trading. UN's proposed ash alternative and the impact of sand scarcity on different nations.
15:20
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- Sand scarcity poses risk due to black market activity, affecting construction industries worldwide.
- Peloton's shift towards cost-cutting to sustain post-pandemic growth reflects challenges in the luxury fitness market.
Deep dives
Peloton Faces Challenges Amidst Economic Shifts
Peloton, once valued at $50 billion during the pandemic, is now reducing expenses by cutting 15% of its workforce. The company, specializing in luxury fitness products, faced challenges in maintaining its sharp growth post-pandemic. Despite layoffs and reduced value, Peloton aims for sustainability through strategic shifts like terminating brick-and-mortar expansion.
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