business model

Starbucks Ends Open-Door Policy: Purchase Required to Stay

Starbucks is ending its seven-year-old open-door policy, requiring all patrons to make a purchase to utilize store amenities like restrooms or Wi-Fi. This new code of conduct, impacting all North American company-owned stores, also prohibits disruptive behaviors such as alcohol consumption, drug use, and harassment. The shift prioritizes paying customers and aims to create a more welcoming environment, addressing safety concerns and unruly behavior that have escalated in recent years. The policy change comes under new leadership, seeking to revitalize the brand’s image as a community hub.

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23andMe’s fall from $6 billion to nearly $0 — a valuation collapse of 98% from its peak in 2021

23andMe, once hailed as a revolutionary company in the field of genetic testing, has experienced a staggering fall from grace. In 2021, the company reached its peak valuation of $6 billion, making its CEO, Anne Wojcicki, a self-made billionaire. However, that valuation has now collapsed by 98%, with 23andMe’s stock facing the threat of being delisted from Nasdaq. It seems that the allure of this once-popular company has faded, leaving many to question its model and future prospects.

One of the key challenges for 23andMe lies in the nature of its product. DNA testing is typically a one-time use service, meaning that once customers have taken the test and received their results, there is little incentive for them to continue using the service.… Continue reading