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2022-05-15 10:00:02 𝙲𝚑𝚒𝚌𝚔𝚎𝚗 𝚂𝚊𝚗𝚍𝚠𝚒𝚌𝚑𝚎𝚜 𝙰𝚛𝚎 𝙱𝚒𝚐 𝙱𝚞𝚜𝚒𝚗𝚎𝚜𝚜: 𝙲𝚑𝚒𝚌𝚔-𝚏𝚒𝚕-𝙰 𝙹𝚞𝚜𝚝 𝙺𝚎𝚎𝚙𝚜 𝙾𝚗 𝙶𝚛𝚘𝚠𝚒𝚗𝚐

Recently the fast food company disclosed that it had sold over $16.7 billion worth of food across its restaurants in 2021, up more than 20% on last year's haul of $13.7bn — putting Chick-fil-A near the very top of the fast food food chain, behind only the golden arches and Starbucks in terms of US sales.

A typical Chick-fil-A (outside of a mall location), turns over more than $8 million a year (source), which is a staggering amount on its own — and more than any other major fast food chain — but gets even more staggering when you remember that those sales are crammed into just 6 days a week. As tradition has long dictated at Chick-fil-A, all of its restaurants are closed on Sundays.

Their business model deserves a credit. Chick-fil-A has a fairly unique franchise system — the company only lets owners own one franchise location.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-14 10:00:03 𝚃𝚑𝚎 𝙲𝚊𝚛𝚋𝚘𝚗 𝙲𝚘𝚖𝚎𝚋𝚊𝚌𝚔: 𝙴𝚖𝚒𝚜𝚜𝚒𝚘𝚗𝚜 𝙷𝚊𝚟𝚎 𝙱𝚘𝚞𝚗𝚌𝚎𝚍 𝙱𝚊𝚌𝚔 𝚂𝚒𝚗𝚌𝚎 𝙲𝚘𝚟𝚒𝚍

Recently was the Earth Day, an annual event now in its 52nd year that is focused on celebrating our planet and championing sustainable environmental practices - a part of the celebration that has taken on a significant amount of urgency in recent years.

Last Earth Day there was, somewhat ironically, something to celebrate. Data and estimates from the IEA show how global energy-related emissions in 2020 had fallen by a record amount as the pandemic ground our global economy to a halt.

Unfortunately this year the news isn't quite as optimistic — the same data shows a bounce back in net global energy-related emissions for last year that was more than equal to the drop from 2020. One of the very few silver linings from the pandemic has been erased.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-13 10:00:06 𝙸𝚗 𝚃𝚑𝚎 𝙼𝚘𝚖𝚎𝚗𝚝: 𝚂𝚝𝚛𝚒𝚙𝚙𝚎𝚍 𝙱𝚊𝚌𝚔 𝚂𝚘𝚌𝚒𝚊𝚕 𝙰𝚙𝚙𝚜 𝙰𝚛𝚎 𝙶𝚊𝚒𝚗𝚒𝚗𝚐 𝚃𝚛𝚊𝚌𝚝𝚒𝚘𝚗

The last thing you probably feel like you need right now is another social media app to spend your time scrolling on. Which is exactly why the recent rise of app BeReal is so interesting.

Every day, at a completely different time, everyone on BeReal is notified simultaneously to capture and share a photo. Sounds like a simple (and annoying) notification — but the kicker is that you only have 2 minutes to do so.

The idea is that the spontaneity removes the ability for users to "airbrush" their life. Having a dull lunch? Take a photo of that. Doing homework? That's fine. On a long car journey? Snap a pic. BeReal claims to be a "new and unique way to discover who your friends really are in their daily life" (without just hanging out with them of course).

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-10 22:00:59 𝙸𝚗𝚝𝚎𝚛𝚎𝚜𝚝 𝙸𝚗 𝙽𝙵𝚃'𝚜 𝙸𝚜 𝚆𝚊𝚗𝚒𝚗𝚐

The latest data from aggregator nonfungible.com shows that the volume traded in NFTs has dropped steeply in recent weeks, as NFT-mania slows down.

One part of the NFT market that has held up are "collectibles" — collections like the Bored Ape Yacht Club, which routinely trade for more than $500k+ and double up as a membership card to the "Yacht Club". Trading volumes in Bored Apes, and other high profile projects, have stayed elevated, with ~$15m worth of Bored Apes changing hands per day in April.

That's a lot in nominal terms, but in the context of traditional financial markets it's still small. We picked one of the smallest stocks in the S&P 500 index at random, Campbell Soup Company, and found that it traded more than $57m a day in April, almost 4x the Bored Ape volume.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-09 22:00:27 𝚃𝚑𝚎 𝙰𝚋𝚘𝚛𝚝𝚒𝚘𝚗 𝚁𝚊𝚝𝚎 𝙸𝚗 𝚃𝚑𝚎 𝚄𝚂 𝙷𝚊𝚜 𝙵𝚊𝚕𝚕𝚎𝚗 𝚂𝚒𝚗𝚌𝚎 𝚃𝚑𝚎 𝟷𝟿𝟾𝙾𝚜

A leaked draft of a US Supreme Court ruling to overturn Roe v. Wade — the landmark decision in 1973 that protects a woman's right to an abortion — has thrown the US into a political fervor usually reserved for presidential elections.

The abortion rate has been steadily dropping in the US, falling more than 50% since 1980.
In relative terms the rate has fallen most in teenagers, with the abortion rate down 83% from its peak for women aged 15-19, partly explained by a drop in teenage pregnancy itself.

Americans views on abortion have been remarkably unchanged in the last 25 years. The latest data from Pew shows 59% of US adults believe abortion should be legal in all or most cases, while 39% believe it should be illegal in all or most cases.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-08 22:00:46 Lyft 𝚂𝚝𝚒𝚕𝚕 𝙷𝚊𝚜𝚗'𝚝 𝙵𝚒𝚐𝚞𝚛𝚎𝚍 𝙾𝚞𝚝 𝚃𝚑𝚎 𝙴𝚌𝚘𝚗𝚘𝚖𝚒𝚌𝚜 𝙾𝚏 𝚁𝚒𝚍𝚎-𝚑𝚊𝚒𝚕𝚒𝚗𝚐

Lyft is the latest company to report less-than-great earnings and get a stern reckoning from investors. Shares in the ride-hailing company are down more than 34% at the time of writing after the platform warned that it was struggling to attract drivers.

The primary appeal of ride-hailing, getting customers a driver in minutes at low prices, falls down pretty hard if riders have to wait 15 or 20 minutes for a driver, which is why Lyft is offering financial incentives to attract new drivers. That is a reasonable strategy, but it's concerning when the company's economics weren't stacking up to begin with. The last 17 quarters have seen Lyft burn through more than $6.8 billion — a staggering amount for a company that has never really recovered fully from the pandemic.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-04 22:00:06 𝙼𝚘𝚛𝚎 𝙳𝚊𝚝𝚊

1) CNN was hoping for more than 10 million subscribers to CNN+ by 2024 according to a pitch deck obtained by Axios.

2) Age is but a number: The world's oldest person is now a nun who drinks a glass of wine everyday at the age of 118. For context, the oldest person ever was Jeanne Calment, who lived for 122 years and 164 days.

3) Rents are going up pretty much everywhere in the US -- this interactive map lets you explore your local area.

4) Economic nerds rejoice: the famed Phillips Curve has showed up... but this time in Google search data.

5) Robinhood has announced plans to lay off about 9% of its full-time employees, as the company prepares to release its latest set of results tomorrow.

6) The US print book market is up 9% on 2020, and "BookTok" is playing its part (thanks Tom J for this story!). Open / Comment

2022-05-03 22:00:44 𝙲𝚘𝚔𝚎 & 𝙿𝚎𝚙𝚜𝚒: 𝙰 𝙳𝚎𝚌𝚊𝚍𝚎𝚜-𝙾𝚕𝚍 𝚁𝚒𝚟𝚊𝚕𝚛𝚢

As far as corporate rivalries go, Coca-Cola vs. Pepsi is about as classic as it gets. And this week both reported that business was good, with revenue coming in ahead of expectations for each company, despite inflation becoming more of a challenge.

But if you'd bought shares in either of them 40 years ago, you'd probably not be too dissatisfied with either. $100 in Coca-Cola shares bought 40 years ago would be worth something in the neighborhood of $9,200 today, and the same in PepsiCo would be worth north of $8,100.

The S&P 500 index is down 8% in the last month, the tech-heavy NASDAQ is down 12% and yet PepsiCo and Coca-Cola are chilling — both are actually up 6% in the last month. 

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-02 22:00:51 𝚆𝚑𝚎𝚗 𝙳𝚘 𝙲𝚑𝚒𝚕𝚍𝚛𝚎𝚗 𝙶𝚎𝚝 𝙶𝚒𝚟𝚎𝚗 𝚃𝚑𝚎𝚒𝚛 𝙾𝚠𝚗 𝚂𝚖𝚊𝚛𝚝𝚙𝚑𝚘𝚗𝚎𝚜?

The power of modern smartphones is nothing short of mindblowing — but with real risks to having unrestricted access to one the question for many parents is: when is the right age to give one to my child?

Data from Common Sense Media shows that the majority of American parents believe that the answer to that question is around the ages of 12-13. Indeed, 71% of children aged 12 that were surveyed last year said that they owned their own smartphone, significantly up on the 41% that had answered the same way back in 2015.

Perhaps even more surprising was that almost one-third of 8-year-olds also reported having a smartphone. 

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-05-01 22:00:50 𝙵𝚛𝚎𝚎 𝚂𝚙𝚎𝚎𝚌𝚑 𝙾𝚗 𝚂𝚘𝚌𝚒𝚊𝚕 𝙼𝚎𝚍𝚒𝚊 𝙸𝚜 𝙷𝚊𝚛𝚍 𝚃𝚘 𝙳𝚘 𝚁𝚒𝚐𝚑𝚝: 𝙹𝚞𝚜𝚝 𝙻𝚘𝚘𝚔 𝙰𝚝 𝙵𝚊𝚌𝚎𝚋𝚘𝚘𝚔

Musk's main objective with Twitter is to turn the platform into a haven for "free speech" — which is one of those terms that almost everyone agrees with in principle, but often disagrees with in practice. Facebook and Instagram are good examples of how hard it is to moderate a global social media platform.

Getting the bots under control is a top priority for Musk, but where he and his team end up drawing the practical line (if there is one) on what constitutes "bullying & harassment", "hate speech" or "inciting violence" is yet to be seen. And - as expected - many people are leaving or joining Twitter solely because of the news, anticipating the platform getting better, or worse, before anything has even happened.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment