Starbucks faces criticism over menu price hikes
February 3, 2022
Starbucks says that it needs to raise prices due to inflation and supply chain issues even after it posted a record of $8.1 billion in sales during the last quarter and a jump in profit of 31 percent. Critics such as Dan Price, CEO of Gravity Payments, says that companies like Starbucks are “are doing a great job rebranding corporate greed as ‘inflation.’”
Recent News
Snapchat Reveals Latest AR and ML Tools for Brands and Advertisers
Snapchat has introduced a range of new augmented reality (AR) and machine learning (ML) tools created to assist brands and advertisers in engaging with users on the social platform through interactivity.
Ground Beef Sold at Walmart Recalled for E. Coli Contamination
The beef, sold at Walmart and other retailers, is from Cargill Meat Solutions.
Carvana Shares Rise 30% as Pre-Owned Car Seller Reveals Record First Quarter
Shares for Carvana shot up by over 30% after it reported record results and made a profit in the first quarter.
Peloton, Hyatt Team Up To Offer Bikes, Loyalty Points at 800 Hotels
Peloton and Hyatt’s new partnership is an attempt to revitalize the cratering brand.