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☆ Starbucks' $1.25 cold foam is the chain's most popular drinks add-on, and one of its most expensive. This is how it's made.
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

It's made by frothing nonfat cold milk and is added to iced drinks like cold brews. While some drinks come with cold foam on top as standard, such as some of its flavored cold brews, customers can opt to add it to other cold drinks for $1.25. Currently there are six flavors of cold foam available – chocolate cream, cinnamon sweet cream, matcha cream, salted caramel cream, vanilla sweet cream, and white chocolate macadamia cream. Tim Hortons in the US, for example, sells set chilled drinks with cold foam and also has the option for customers to add it to some of its other cold drinks. Dunkin' started selling sweet cold foam in February 2021, and has since launched it in a number of time-limited flavors including brown sugar and salted caramel.

Persons: It's, Tim Hortons, Dunkin, Olivia Vaughn, Heinz Kraft Organizations: Service, New York Times, Starbucks, Maxwell, Aldi Locations: Wall, Silicon, Seattle

☆ Target is rolling out Starbucks curbside pickup across the country as it looks for sales jolt
▼ + stars: | 2023-08-09 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Target is looking to jolt sales by adding Starbucks drinks and food to its curbside pickup service at stores across the country. The retailer began testing the Starbucks curbside pickup service at some stores in the fall. Target's curbside pickup service, Drive Up, helped fuel the company's e-commerce and sales growth during the Covid-19 pandemic. Yet, according to Target, curbside pickup has led to more business. That explains why Target has added other features and more items to curbside pickup, including beer and wine.

Persons: curbside, Target, Howard Schultz, — CNBC's Amelia Lucas Organizations: Target, Starbucks

☆ Coffee chains are betting big on cold drinks as Gen Z turns its back on old-school coffees
▼ + stars: | 2023-08-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Cold drinks tend to cost more, but they can also cause headaches for staff. Cold drinks account for 75% of Starbucks' beverage sales. "The team is making good progress with its efforts to become a bigger player in the high-growth cold beverage category and saw cold beverage sales grow 16.6% year-over-year," Restaurant Brands International CEO Josh Kobza said. Tim Hortons' cold drinks menu looks remarkably like Starbucks' – especially in the US. Cold drinks can potentially reap higher profits for coffee chains because they tend to cost more and some customers opt for costly modifications.

Persons: Tim Hortons, Laxman Narasimhan, Josh Kobza, Kobza, Tim Hortons execs, Howard Schultz, Brady Brewer, Brewer, Baristas Organizations: Starbucks, Service, Brands Locations: Wall, Silicon, Canada, Maryland, Nebraska

☆ U.S. fast-food chains add automation to boost speed
▼ + stars: | 2023-08-02 | by ( Kailyn Rhone | ) www.reuters.com time to read: +3 min

With mass shortages of low-cost labor due to the pandemic, chains shifted to technology investments in their kitchens to fill the gap. The addition of automation tools in restaurant chains could cut down on wait times, driving higher consumer engagement and increasing sales for the rest of the year, restaurant executives say. Thirty-six percent of 1,000 U.S. people told HungerRush in a survey in May that they believed major restaurant chains don’t have enough staff to take orders, prepare food, and handle deliveries. Last year, Domino's Pizza Enterprises announced an automated pizza prep device in partnership with Picnic Works, a Seattle-based food-automation startup. "Anytime there's new automation, it creates new kinds of jobs," said Gaurav Kachhawa, chief product officer at Gupshup, a conversational messaging platform.

Persons: Carlo Allegri, Rachel Ruggeri, HungerRush, Aaron Nilsson, Chipotle, Brian Niccol, Domino's, Gaurav Kachhawa, It's, Jonathan Oatis Organizations: REUTERS, Siren, Starbucks, National Restaurant Association, Society, Pizza Enterprises, Picnic, Kailyn, Thomson Locations: Manhattan, New York City , New York, U.S, Michigan, Colorado, Houston, Seattle, Indiana, Indiana , Illinois, Wisconsin

☆ We expected more from Starbucks' quarter, but remain believers in the coffee brand
▼ + stars: | 2023-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Bottom line It wasn't a bad quarter from Starbucks but with expectations low headed into the print, we wanted to see more. We also remain believers in the unrivaled name recognition of the Starbucks brand, which ended the quarter with a record 90-day active-user base of 31.4 million in the U.S., up 15% from last year. But the main focus for investors was on China, Starbucks' biggest market after the U.S. Revenues increased 51% from last year, to $821.9 million, with comparable stores sales up 46%. WUHAN, CHINA - OCTOBER 6: (CHINA OUT) An employee services in a Starbucks coffee truck at Wuhan International Plaza on October 6, 2022 in Wuhan, Hubei province, China.

Persons: we're, We're, Laxman Narasimhan, Narasimhan, That's, Jim Cramer's, Jim Cramer, Jim Organizations: Starbucks, Revenue, System, U.S, CNBC, Wuhan International Plaza, Getty Locations: U.S, China, North America, China —, WUHAN, CHINA, Wuhan, Hubei province

[1/3] Starbucks workers attend a rally as they go on a one-day strike outside a store in Buffalo, New York, U.S., November 17, 2022. REUTERS/Lindsay DeDarioNEW YORK, July 24 (Reuters) - Starbucks (SBUX.O) violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge ruled on Monday. The National Labor Relations Board established "striking and strong evidence of animus" behind Starbucks' termination of Rhythm Heaton as a shift supervisor at its Astor Place store, NLRB Administrative Law Judge Benjamin Green wrote. Green found it "particularly suspicious" that Starbucks would risk violating the law "by discharging an excellent employee at a time when the short-handed Astor Place store was already advertising to hire another shift supervisor." The manager of the Astor Place store testified that he supported the union and considered Heaton an "amazing leader," but cited Heaton's alleged violation of Starbucks' "attendance and punctuality policy" in the termination notice.

Persons: Lindsay DeDario, Rhythm Heaton, Benjamin Green, Green, Astor, Heaton, Heaton's, Jonathan Stempel, Bill Berkrot, Sonali Paul Organizations: REUTERS, National Labor Relations Board, Starbucks, Workers, Workers United, Thomson Locations: Buffalo , New York, U.S, Manhattan, Astor, Washington, Seattle, United States, New York

☆ Just 65% of Americans always tip at restaurants—etiquette experts on what we get wrong about tipping
▼ + stars: | 2023-07-14 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Sure, there are some people — barbers, cab drivers — who etiquette experts say should always get a tip, and others — doctors, lawyers — who they say should never get one . He and other etiquette experts are here to help. With that in mind, here's what etiquette pros recommend you tip, in order of who Americans tip most often to the least. BaristasEtiquette experts say tipping at coffee shops is discretionary. 5 times it’s OK not to tip, according to etiquette experts

Persons: —, Read, Thomas Farley, Manners, Daniel Post Senning, Emily Post's, Farley, Elaine Swann, Dianne Gottsman, Swann, Warren Buffett Organizations: Swann School of Protocol, Protocol, of Texas, takeout

☆ Chipotle tests robot that can prepare avocados to make guacamole faster
▼ + stars: | 2023-07-12 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Avocados sliced, cored and peeled by the Autocado robot created by Chipotle and Vebu Labs. The fast-casual chain developed the collaborative robot, or cobot, in partnership with Vebu Labs, a California-based robotics startup. Chipotle Mexican Grill has developed a robot that can cut, core and peel avocados used in its guacamole as the restaurant industry faces a sustained labor shortage. To prepare avocados using the Autocado, Chipotle employees load up the device with a full case of the ripe fruit. Preparing avocados for guacamole routinely ranks as one of employees' least favorite tasks, Garner said.

Persons: Carl's, Chipotle, Curt Garner, Garner, Vebu, It's, We've, we'll Organizations: Vebu Labs, baristas, CNBC, Employees, guacamole, Miso Robotics Locations: Naperville , Illinois, California, Vebu

July 10 (Reuters) - Constellation Brands' (STZ.N) Modelo Especial was the top-selling beer brand in the United States for a second consecutive month in June, after first dethroning Anheuser-Busch InBev's (ABI.BR) Bud Light in May. Modelo Especial was the top-selling beer brand for the four weeks ended July 1, with an 8.7% share of overall beer sales through retail stores for the period, while Bud Light came in second with a 7% share, according to consulting company Bump Williams, which sources data from NielsenIQ. Sales of Bud Light and Budweiser dropped 28% and 11.7%, respectively, from a year earlier, while Modelo Especial sales rose 8.5%. Azer added that consumers had quickly figured out AB InBev's other beer brands like Michelob Ultra and Natural Light, which are also seeing a fall in sales. Before the backlash, Natural Light was gaining due to cost-conscious consumers opting for cheaper six-packs.

Persons: Busch, Bud Light, influencer Dylan Mulvaney, Bump Williams, Michel Doukeris, Neil Reid, Cowen, Vivien Azer, Azer, Letitia James, Ananya Mariam Rajesh, Pooja Desai Organizations: Constellation Brands, Modelo Especial, Anheuser, U.S, University of Toledo, Budweiser, Target, New York, Starbucks, Thomson Locations: United States, NielsenIQ, U.S, Bengaluru

☆ How Elba Makes a Living Wage
▼ + stars: | 2023-07-07 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +1 min

Early in Barack Obama’s recent Netflix documentary series about American jobs, viewers meet a housekeeper at the Pierre Hotel in New York named Elba. Elba is meant to be a symbol of difficult service-industry work in today’s economy. “I don’t worry too much about money,” said Elba, who recently became a grandmother, “because I know I can count on my paycheck.”Many other service workers earn far less. Full-time Starbucks baristas in New York City often earn less than $35,000 a year, while many Walmart employees make even less. Across New York City, the median household income is about $75,000 — which is less than Elba and Francisco make.

Persons: Barack Obama’s, Elba, Francisco, Pierre Hotel’s, ” Organizations: Netflix, Pierre, Walmart Locations: New York, Elba, New York City, Francisco

☆ 8 Starbucks slang terms you'll only know if you work there, according to former baristas
▼ + stars: | 2023-06-30 | by ( Kaila Yu | ) www.businessinsider.com time to read: +5 min

Insider spoke to former Starbucks workers about the slang terms used to do their jobs. Insider spoke to current and former Starbucks employees who shared some slang words only Starbucks workers use — along with their definitions. Bliss shared that at least one or more puppuchino orders came in daily when they worked for the company. Bliss shared an opposing point of view. However, Bliss explained that Starbucks can be a hard place to work and that they were part of unionization efforts.

Persons: that's, barista, —, Kerri Shea, Max Bliss, they'd, John, I've, flack, Shea, Bliss, it's Organizations: Starbucks, Service, PARS Employees, PARS, Partners, Bean Stock Locations: PARS

☆ Starbucks to issue 'clearer' decor rules after pride month clash with union
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

Companies Starbucks Corp FollowJune 26 (Reuters) - Starbucks (SBUX.O) plans to issue "clearer" centralized guidelines for in-store visual displays following a union's allegations that managers banned Pride-themed decor, the coffee chain said in an internal memo to employees. "We intend to issue clearer centralized guidelines... for in-store visual displays and decorations that will continue to represent inclusivity and our brand," Starbucks North America President Sara Trilling said in the memo. The memo comes after the union representing the coffee chain's baristas alleged that managers at dozens of Starbucks locations had prevented employees from putting up Pride Month flags and decorations, or had removed them. More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job, the union said on Friday. Starbucks also filed two complaints against Workers United with the National Labor Relations Board (NLRB) on Monday, alleging that the union made misleading claims on the company's in-store decoration guidelines and gender-affirming care benefits.

Persons: Sara Trilling, baristas, Akanksha Khushi, Lavanya Ahire, Chandni Shah, Subhranshu Sahu, Rashmi Organizations: Starbucks Corp, North, Starbucks, Workers United, National Labor Relations Board, Reuters, U.S, Thomson Locations: United States, Bengaluru

☆ Starbucks to issue 'clearer' decor rules after pride month clash - Bloomberg News
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

Companies Starbucks Corp FollowJune 26 (Reuters) - Starbucks (SBUX.O) plans to issue centralized guidelines for in-store visual displays following a union's allegations that managers banned Pride-themed decor, Bloomberg News reported on Monday, citing an internal memo shared with employees. Starbucks store leaders can decorate stores for heritage months such as Pride in line with safety standards, the company's North America President Sara Trilling said in the memo, according to the report. More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job, the union said on Friday. Starbucks, NLRB and the union did not immediately respond to Reuters' requests for comment. Reporting by Akanksha Khushi in Bengaluru; Editing by Subhranshu Sahu and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Sara Trilling, baristas, Akanksha, Subhranshu Sahu, Rashmi Organizations: Starbucks Corp, Bloomberg, North, Starbucks, National Labor Relations Board, NLRB, U.S, Thomson Locations: United States, Bengaluru

☆ Starbucks files labor complaint against union over Pride decor allegations
▼ + stars: | 2023-06-27 | by ( Kate Rogers | ) www.cnbc.com time to read: +6 min

Protesters in Seattle join a Starbucks Workers United strike over what the union alleges is a change in policy over Pride décor in stores. More than 150 stores pledged to join the strikes around the country, representing nearly 3,500 workers, Workers United said. In the NLRB complaint Monday tied to the union's allegations, Starbucks said the "union and its agents have engaged in a smear campaign that includes deliberate misrepresentations to Starbucks partners." "The union's violations have ignited and inflamed workplace tension and division and provoked strikes and other business disruptions in Starbucks stores," Starbucks said in the filing. "While attacking the union that represents its own workers, Starbucks has now changed its policies in response to worker actions.

Persons: baristas, Sara Trilling, Trilling, Bud, — CNBC's Amelia Lucas Organizations: Starbucks Workers United, Pride, Starbucks, National Labor Relations Board, Starbucks Workers, Workers, U.S, North America, Conservative Locations: Seattle, America

[1/5] Starbucks workers attend a protest as part of a collective action over a Pride decor dispute, outside a Starbucks shop in Manhattan in New York City, New York, U.S., June 25, 2023. About a dozen Starbucks workers picketed outside New York's Astor Place location in lower Manhattan on Sunday afternoon near the route of the city's Pride parade, chanting: "New York is a union town! Starbucks spent decades building its reputation as a progressive company that supports LGBTQ+ workers and customers. Maggie McKeon, who was headed into the Starbucks at Astor Place, turned around after learning about the strike. Sam Cornetta, a barista at the Farmingville, New York, Starbucks, who joined coworkers on strike at Astor Place on Sunday, said the company was alienating LGBTQ+ workers.

Persons: David Dee Delgado, Lynne Fox, we've, Jackie Zhou, Maggie McKeon, McKeon, baristas, Arthur Pratt, Pratt, Sam Cornetta, They've, Hilary Russ, Caroline Valetkevitch, Vanessa O'Connell, Lananh Nguyen, Diane Craft Organizations: REUTERS, Starbucks Corp, Workers, Starbucks, Seattle, Workers United, Reuters, U.S, Supreme, Pride, Seattle Gay, Human Rights, HRC, National Labor Relations Board, Thomson Locations: Manhattan, New York City , New York, U.S, Astor, York, New York City, San Francisco, Chicago, Portland , Oregon, , New York, Ashland , NY, New York

☆ Starbucks workers at over 150 stores to go on strike over Pride decor dispute
▼ + stars: | 2023-06-23 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

June 23 (Reuters) - More than 3,000 workers at over 150 Starbucks (SBUX.O) stores in the United States will go on strike next week, the union representing the coffee chain's baristas said on Friday, following claims that the company had banned Pride Month decorations at its cafes. The strikes were also aimed at protesting against employees' treatment at Starbucks and pushing for a fair labor contract covering better pay and benefits, the Starbucks Workers United union added. The call for a strike comes days after the union said Starbucks had taken down some Pride Month decorations and flags at several stores, a matter that was also discussed by some workers on social media. Starbucks Workers United said on Friday the company's Seattle Roastery - located just nine blocks from Starbucks' first ever store at the Pike Place Market - was kicking off the nationwide strike, dubbed "Strike with Pride". Pride Month celebrations, with Pride Parades set to take place on Sunday in several major cities including New York, San Francisco, Seattle and Chicago.

Persons: baristas, Busch, Bud, Deborah Sophia, Shinjini Ganguli, Anil D'Silva Organizations: Starbucks, Starbucks Workers United, ., Pride, U.S, Target, Anheuser, Starbucks Workers, Seattle, Thomson Locations: United States, Pike, New York, San Francisco, Seattle, Chicago, Bengaluru

☆ Stocks fall, but Jim Cramer says its not time to buy yet
▼ + stars: | 2023-06-23 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Sit tight on SWK Jim said he's in "no hurry" to add to our new, but small, position in Stanley Black & Decker (SWK). "Don't buy it when it's up," he said, with the toolmaker being one of the few Club stocks in the green Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, he's, Jim, Stanley Black, Decker, We're, Starbucks baristas, Jim Cramer's Organizations: CNBC, Starbucks, Dow Jones Industrial, Nasdaq, Wells, Wells Fargo Securities Locations: Wells Fargo, U.S

☆ Starbucks workers at over 150 stores to strike over Pride decor row
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

June 23 (Reuters) - More than 150 Starbucks (SBUX.O) stores and 3,500 workers will be on strike next week across the United States, the union representing the coffee chain's baristas said on Friday, after it claimed the company had banned Pride month decorations at its cafes. loadingStarbucks Workers United union said earlier this month the company took down Pride Month decorations and flags at several stores, while some workers took to social media to report the same. It said last week there had been "no change to any policy on this matter" and that it was still encouraging store managers to celebrate Pride month. U.S. companies have faced growing criticism over Pride Month celebrations. Starbucks Workers United said on Friday in a tweet the company's Seattle Roastery - located just nine blocks from Starbucks' first ever store at the Pike Place Market - was leading the nationwide strike.

Persons: baristas, Deborah Sophia, Shinjini Organizations: Workers United, Starbucks, Target, Starbucks Workers, Seattle, ., Thomson Locations: United States, U.S, Pike, Bengaluru

☆ Southwest Airlines reaches tentative agreement with mechanics' union
▼ + stars: | 2023-06-23 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +3 min

Southwest Airlines said Friday that it has reached a tentative agreement with the union representing its mechanics, aircraft inspectors, maintenance controllers and training instructors. "Our Mechanics & Related Employees work around the clock to safely maintain our aircraft, and we reached a Tentative Agreement that rewards them and helps Southwest maintain an efficient operation," Adam Carlisle, vice president of labor relations at Southwest, said in a press release. The union and airline didn't immediately disclose the details of the agreement but said they would in the coming days. Earlier this month, leaders at Transport Workers Union of America 556, which represents Southwest flight attendants, said they rebuffed a tentative agreement that would have allowed for a membership vote. As Members ourselves, we are just as eager to vote on and ratify a worthy Tentative Agreement."

Persons: Adam Carlisle, didn't, Bret Oestreich, Southwest's Carlisle, – CNBC's Leslie Josephs Organizations: Southwest Airlines Co, Boeing, International, Southwest Airlines, Southwest, Aircraft Mechanics Fraternal Association's, Transport Workers Union of America, U.S, Brotherhood of Teamsters, UPS Locations: Chicago , Illinois, U.S, Southwest, Seattle

☆ Starbucks union says workers at more than 150 stores will strike over Pride decor
▼ + stars: | 2023-06-23 | by ( Kate Rogers | ) www.cnbc.com time to read: +6 min

Some organized Starbucks stores will strike across the U.S. starting Friday in Seattle after the coffee giant and the union representing baristas publicly clashed over claims that the company was not allowing Pride month decor in cafes. The union, Starbucks Workers United, said more than 150 stores representing nearly 3,500 workers have pledged to join the strikes, which will take place over the next week. Pride month in June," the company said last week, adding that it unwaveringly supports the LGBTQ+ community. Workers United has alleged instances in at least 22 states when workers have not been able to decorate, pointing to social media accounts where workers have documented their claims. The Starbucks workers are also striking over claims that Starbucks is dragging its feet on negotiating contracts.

Persons: baristas, May Jensen, Lynne Fox, Parker Davis, Davis, Bud, Mari Cosgrove, Cosgrove, — CNBC's Amelia Lucas Organizations: Starbucks, Highland, Parade, U.S, Starbucks Workers, Workers United, Partner Resources, CNBC, Target, Workers Locations: Hollywood, Los Angeles, Seattle, U.S, America, San Antonio , Texas, Oklahoma

☆ Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
▼ + stars: | 2023-06-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +11 min

For companies like Target and Disney, it is unclear if boycotts will hit sales. The company said it has not changed any policy on decorations and is encouraging stores to celebrate Pride Month. Despite the mounting headlines and sustained criticism of Bud Light, corporate boycotts are "overstated," and those offended by campaigns tied to Pride Month are in the "minority," Ellis said. Bud Light appears to be an outlierIn April, the brewer ran a March Madness promotion with trans influencer Dylan Mulvaney, who shared a customized Bud Light can on Instagram. Justin Sullivan | Getty ImagesIt isn't just Bud Light — brands across the board are facing calls to boycott their goods or services.

Persons: Gene Kim, Bud Light, Anson Frericks, Starbucks baristas, Sarah Kate Ellis, Ellis, Dylan Mulvaney, Brendan Whitworth, — Alissa Heinerscheid, Daniel Blake —, Bump Williams, Busch, Frericks, Bud, Marcel Marcondes, Marcondes, Justin Sullivan, Jack Daniel's, Lawrence Glickman, Glickman, baristas, hasn't, Disney isn't, Ron DeSantis, Lindsey Roeschke, Brayden King, King, David Cliff, Nurphoto Organizations: Anheuser, Busch, Target, Disney, Starbucks, Pride Month, Target's, Pride, GLAAD, Mulvaney, CNBC, Gay, Chamber, Commerce, Cannes Lions International, Creativity, Brands, Kohl's, Nike, Adidas, Ford, Associated Press, American Studies, Cornell University, Consumer, Walt Disney Co, Florida Gov, Brand Intelligence, Morning, Northwestern University, Getty Locations: U.S, America, San Francisco , California, Oklahoma, Florida

Wendy's will pilot its new AI drive-thru tech this month at some locations in the Columbus, Ohio, area. The hesitancy to discuss any generative AI implementation is understandable. That said, we think that generative AI opportunities at Starbucks are still worth considering. This is where we think there's a clear opportunity for margin improvement as generative AI adoption goes mainstream. There are going to be a lot of opportunities to invest in to play the adoption of generative AI outside of tech.

Persons: hasn't, WEN, Jack, JACK, we've, Todd Penegor, Jim Cramer, Wendy's, Darin Harris, Jim, Harris, It's, —, China's, Jim Cramer's, Scott Mlyn Organizations: Microsoft, Nvidia, Club, Del, Starbucks, AIs, chatbots, Global, Companies, CNBC Locations: Columbus , Ohio, U.S, QSRs, Wendy's, Glassdoor, Dana Point , California

☆ Reddit’s golden geese foul up its IPO plans
▼ + stars: | 2023-06-16 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature. And unlike counterparts elsewhere, Reddit’s mods are unpaid. Researchers at Northwestern University estimate that Reddit’s mods perform at least $3.4 million worth of labor annually. Some third-party apps using Reddit content make money, which an owner of the still-unprofitable Reddit would probably prefer to share. A bigger target is artificial intelligence companies such as OpenAI that create value by scraping Reddit’s forums to hone their own products.

Persons: Steve Huffman, Willing, Huffman’s, Huffman, John Foley, Streisand Neto Organizations: YORK, Reuters, Northwestern University, Starbucks, Twitter, Thomson

Bud Light trailed with a 7.3% share. Bud Light sales fell 24.6% in the period year over year, while Modelo sales jumped 10.2%, the data shows. Still, the Anheuser-Busch InBev brand Bud Light leads U.S. beer sales so far this year, according to Bump Williams. The company's shares have dropped nearly 15% since the start of April, when Mulvaney posted a video of a personalized Bud Light can, which sparked anti-LGBTQ+ outrage. The boycott against Bud Light comes as state and federal politicians increasingly push to claw back the rights of trans people.

Persons: Bud Light, influencer Dylan Mulvaney, Bump Williams, Mulvaney, Brendan Whitworth Organizations: Modelo, Constellation Brands, Anheuser, Busch InBev, Bud, Busch, Pride, Starbucks, Target Locations: Brooklyn Borough, New York, U.S

☆ Read Your Way Through the U.S.-Mexico Borderlands
▼ + stars: | 2023-06-14 | by ( Luis Alberto Urrea | ) www.nytimes.com time to read: +2 min

I was born in Tijuana and spent much of my boyhood in a neighborhood — “colonia,” in TJ-speak — called Independencia. The borderlands are the most interesting book in the world, being rewritten every day. A city so defamed, a city so generous.” I dare say most people don’t think of any border city, on either side of the wall, as generous. My favorite border pop song is by Nortec Collective (more on them below), and it’s called “Tijuana Makes Me Happy.” Yeah — the border makes me happy. But I do not believe that immigration stories are a subset of the literature of the borderlands: Though there is some cross-pollination, I believe immigration literature is a genre of its own, deserving of its own spotlight.

Persons: Gabriel García Márquez, narco, Jaime Cháidez Bonilla, ”, it’s Organizations: ersatz, Twitter, Nortec Locations: Tijuana, ”, TJ, Independencia, Mexican

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