Starbucks is actually a BANK.
In 2022 alone, it held onto $1.6B of customer deposits.
This amount surpasses the holdings of 85% of banks in the United States alone.
This is what's happening behind the scenes 🧵
NZIRA DZEMASOJA-Monolised:
I grew up listening to this song on the radio and was always curious how it would sound with instruments, so I monolised it.
It’s 20 years today since England were beating France 1-0 going into stoppage time, but still lost 2-1.
Here are both of Zinedine Zidane’s goals from that night, in real time.
One of the most extraordinary endings to a match ever seen at a European Championship.
Apple lost $1 billion in 1997.
Steve Jobs returned to the company and spoke to developers at WWDC.
When an attendee insulted him, he said:
“One of the hardest things when you’re trying to effect change is that people like this gentleman are right.”
@SecretCFO@csmatheson The way @SecretCFO explained the turnaround principles in today’s newsletter is top drawer���🏻. Very practical! Whether you have been in a turnaround situation or not, the clarity given in these principles gives you aha moments! Thanks @SecretCFO for sharing your wisdom!
@tmukogo Great analysis as always! Wondering how their cash reserves are? With sizable cash reserves, they could have presumably navigated this perilous period without resorting to job cuts. Granted, waiting for at least 18 months for global prices to pick up could be quite a stretch.
1/25 I ran a poll and 78% of 378 respondents said "Accountants are bad at marketing”.
For Deloitte Zimbabwe to succeed after leaving the Deloitte network they will need to change that.
Let's unpack!
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