Luxury Brands Are Losing Their Luster & No Online Dating for Olympians?
Jul 25, 2024
30:46
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Luxury brands like LVMH are facing sales struggles while Olympic athletes on Grindr can't find matches. CrowdStrike apologizes for a costly IT outage. Apple overspends on content, and oxygen is discovered at the bottom of the ocean. Is this Atlantis?
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Quick takeaways
Luxury brands are facing sales struggles due to changing consumer behaviors in Asia and the US.
Cybersecurity firm CrowdStrike apologized for a costly IT outage by offering Uber Eats gift cards to partners.
Deep dives
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Meta AI offers a wide range of functionalities, from summarizing notes to creating recipes. Available on popular platforms like Instagram and WhatsApp, it provides convenient access to valuable information and tools, catering to diverse needs and interests.
LVMH's Struggles Amid Shifting Consumer Trends
Luxury giant LVMH faces challenges as sales growth remains stagnant, largely impacted by shifting consumer behaviors in Asia and the United States. The decline in luxury goods purchases, attributed to economic factors like inflation, highlights a trend towards less aspirational spending among middle-class consumers.
CrowdStrike Apologizes for IT Outage
Following a costly global IT outage caused by faulty updates, cybersecurity firm CrowdStrike issued apologies and attempted to make amends by sending partners Uber Eats gift cards. Despite the gesture, the company faced criticism for the response, highlighting the importance of effective crisis communication strategies in such situations.
Discovery of 'Dark Oxygen' on Ocean Floor
Scientists make a groundbreaking discovery of 'dark oxygen' production on the lightless Pacific Ocean floor, challenging the conventional belief that oxygen is solely generated through photosynthesis. Electrically charged polymetallic nodules are found to create oxygen without sunlight, raising questions about oxygen sources for life forms and potential implications for eco-systems and deep-sea mining activities.
Episode 373: Neal and Toby chat about LVMH’s struggling sales, signaling a turbulent time for luxury brands. Then, Grindr users apparently are blocked from finding any matches within Olympic Village. Next, CrowdStrike offers a $10 apology gift card for the mass IT outage that cost its partners millions of dollars. Plus, Neal’s favorite numbers from the hottest day on Earth, Cuba, and coked out sharks. Also, Toby looks at Apple’s overspending on its content. Lastly, oxygen found at the bottom of the ocean. Is this Atlantis!?