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Banks are the new scammers. What's the human cost of Black Friday?

Welcome back from the post-thanksgiving food coma! As you heat up your 5th plate of leftovers from la
Banks are the new scammers. What's the human cost of Black Friday?
By Hipsternomics  • Issue #46 • View online
Welcome back from the post-thanksgiving food coma! As you heat up your 5th plate of leftovers from last Thursday, here are some interesting stories that you might have missed while you were refreshing your browser for those online black friday deals.

Top Stories
Chart of the week
"grow a mo, save a bro".... or nah?
"grow a mo, save a bro".... or nah?
Interesting Quick Hits
  • Hi Mom, can I borrow some money to buy Bitcoins? During Thanksgiving 2017, Bitcoin was valued at $10,000 and then in December, it doubled to more than $20,000. As of Thanksgiving 2018, Bitcoin is now below $4,200. US and EU regulators have introduced few policies to check for non-compliant cryptocurrencies, and even pursue civil penalties against shady crypto companies.
  • Why did Facebook allow a girl to be auctioned off? Recently, a 16 year-old girl in South Sudan was sold to the highest bidder on Facebook, by her parents. The winning bid was 530 cows, 3 Land Cruiser V8s, and $10,000 by a man from the country’s capital. By the time Facebook decided to take action (2 weeks after the auction started), the girl was already married for three days. As Facebook continues down its spiral of 2018 fuckups (fake news, hate propaganda, bigotry) you can expect to see more stranger things. P.S. you can download all your personal data here, then delete FB.
  • Your Christmas lights are tariff-proof Trump’s trade war with China has threatened a lot of businesses, but don’t fear, your Christmas decors are safe. The U.S. buys about 90% of its Christmas lights, fake trees, decors, etc. from China, which exports about $5.6 billion of Christmas “stuff”, from a small city called Yiwu (aka North Pole).
  • Uber, Venmo and Cargo announce a threesome to bring the bodega store into your next Uber ride. Cargo is now in 10 US cities and lets passengers buy snacks, beverages, hangover cure, and more. With skittles, gum and rice krispy treats being the most purchased items. Drivers also earn an percentage of each sale.
  • Foot locker is surviving, thanks to Nike which accounts for about 67% of all Foot locker purchases so far in 2018. At this point, FL is really just serving as a Nike outlet store.
Companies mentioned (YTD): Walmart -4%, Amazon +28%, CVS +4%, Foot Locker +13%, Nike +14%, Facebook -25%, Bitcoin -71%, Paypal (owns Venmo) +6%.
Resources of the Week
Magic Johnson Talks Business & "Leveling up" with Maverick Carter
Magic Johnson Talks Business & "Leveling up" with Maverick Carter
Just for fun - Cards Against Humanity's 99% Off Sale
This weekend’s brief was written at Konditori coffee shop in Brooklyn, while listening to “DIY 2” by Emtee, a South African rapper. Thank you for reading through this weekend’s brief!
Have you started reading Michelle Obama’s “Becoming”? Let me know your thoughts as I’ve added that to my reading list.
Valentine
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