Namaste, Here's another microdose of interesting things I enjoyed this week--written by me, Raad—CEO of LawTrades. 1. An article I read Starbucks, monetary superpower Starbucks holds $1.2B in unredeemed cash on Starbucks cards which is essentially a 0% loan from their customers that they use to fund their operations. $145M are deemed breakages, which means customers aren't expected to redeem it. They add this as part of their profit.
6 Things Thursday 💌
6 Things Thursday 💌
6 Things Thursday 💌
Namaste, Here's another microdose of interesting things I enjoyed this week--written by me, Raad—CEO of LawTrades. 1. An article I read Starbucks, monetary superpower Starbucks holds $1.2B in unredeemed cash on Starbucks cards which is essentially a 0% loan from their customers that they use to fund their operations. $145M are deemed breakages, which means customers aren't expected to redeem it. They add this as part of their profit.