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NFL's surprising employment diversity report and Pfizer vaccine strike gold.

While Amazon continues to be in the news for its mistreatment of its warehouse and delivery employees
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NFL's surprising employment diversity report and Pfizer vaccine strike gold.
By Hipsternomics  • Issue #59 • View online
While Amazon continues to be in the news for its mistreatment of its warehouse and delivery employees, the company reported it received over 850,000 job applications for its hourly positions since raising to $15 minimum wage in October. Instacart is paying its drivers $3 minimum wage, even as it dupes drivers from tips made from deliveries. Meanwhile, NY Giants rookie, Saquon Barkley plans to stash his NFL checks throughout his career, while living lean off only endorsement checks.

Showing up for NFL job interview
Showing up for NFL job interview
In Case You Missed It
NFL is 70% Black players, but mostly employs white “experts” Based on new reports, “of the 251 national and regional NFL broadcasters for the 2018 season, only 19% of them were black” in a league where over 70% of the players are blacks. Among the 75 play-by-play gamecallers, only 3 are black, while only 25 of the 86 analysts are black. For a sport which makes huge revenues on the atleticism and influence of Blacks, it does very little to employ former players to talk about the game, essentially they’re good enough to play, but aren’t allowed to talk about the game. According to another report, only 28% of the employees in the NFL’s league office are people of color. “At the League Office, 21.7% of the vice presidents and above are people of color. At the teams, only 11.7% are people of color.”  
Pfizer found a gold mine in vaccine for seniors Over the past 4 years, Prevnar 13, a vaccine that protects against pneumonia and other infections, has generated the most sales for Pfizer, raking in $23.4 billion since 2015, and $5.8 billion last year. Thanks to the U.S. government who recommended the vaccine in 2015 for people older than 65 and required insurance to cover it, sales boomed for Pfizer. The price of a single Prevnar 13 shot is about $195, a 79% increase than its price from 2010.
1-800-flowers side hustles as a gift basket company The OG flower delivery company has been expanding its portfolio of services as flower sales have declined over the last decade. Gift basket which was once its side hustle, has now become the most profitable section of the 1-800-flowers business, bringing $440 million in revenue in 2018 (3x more than its flower sales). The company plans to pump ads to sell even more gift basket popcorn and cookies, because millennials don’t buy flowers.
Venmo expects to slide in $200 million in revenue in 2019 The stepchild of PayPal, has been under pressure from investors to become a revenue machine. So last year, Venmo launched “Instant Cash Out”, which allows customers to instantly withdraw from that Venmo “🍾bottle-service night” balance and deposit the funds to their bank account, rather than waiting for one to three business days, for a transaction fee of 1%. The company also launched a Venmo debit card to millennials, and also made it easy to Venmo businesses like Uber and Grubhub for purchases (deliver eggplant 🍆). These new initiatives are expected to bring revenues for Venmo, which has been touted as the future of PayPal. PayPal reported $4.23 billion in overall revenue last quarter and $15.5 billion for 2018.
Companies Mentioned (52-week performance)
Pfizer (+23%), Paypal (+23%), 1-800-flowers (+69%), Amazon (+20%).
Chart of the week
Dollar Stores are thriving, opening at rate of 3 per day across rural towns in U.S.
Dollar Stores are thriving, opening at rate of 3 per day across rural towns in U.S.
Resources of the Week
24 franchisees you can start for under $25,000 The franchises range across all sorts of industries, from sports to auto care and tax services.
Martellus Bennett pens a striking op-ed about the case for Black boys to aspire for greatness in something other than sports.  
A few “must see” art exhibits that are on display in galleries across the New York City during Black History Month.
Thank you for taking the time to read through today’s news brief! I hope you think of sharing this newsletter while brainstorming your next franchise business venture with your friends this week. This brief was written while listening to “Black Times” an album by Seun Kuti.
Have a great week ahead!
Valentine (@vtineike)
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