Maximizing Breakage Revenue from Customer Deposits

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Starbucks holds billions of dollars in customer deposits without the requirement to provide insurance or allow immediate withdrawals, unlike banks. At the end of the year, Starbucks can categorize a percentage of unused rewards or gift card money as breakage revenue, resulting in significant profit. Starbucks recorded a breakage revenue of 200 million dollars last year and over a billion dollars in the past decade, contributing substantially to their overall revenue, which was around five billion dollars last year.

The NIA boys discuss Google AI Overview, Nvidia $3T?, Starbucks Struggles, Chipotle Meme & Trump on Crypto

Timestamps:

(00:00:00) - Intro
(00:03:47) - Google AI Overview
(00:19:34) - Nvidia $3T?
(00:34:08) - X AI
(00:41:19) - Starbucks Struggles
(01:01:44) - Chipotle Meme
(01:15:50) - Trump on Crypto

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