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In todayâs email:
Band-Aid: Youâre probably a fan.
Rainforest Cafe: How a messy obsession became a moneymaking machine.
Flickr: Unlikely beginnings for a photo-sharing powerhouse.
Around the web: Play as a whale sinking yachts, founder wisdom, and more.
đ Listen: A deeper look at Apple Intelligence â what itâll do and how itâs approaching privacy.
The Big Idea
Americans keep on trusting Band-Aid more than any other brand
Weâre stuck on Band-Aids âcause Band-Aids stuck on us.
2024-06-12T00:00:00Z
Juliet Bennett Rylah
Morning Consult conducts an annual survey asking US adults which brands they trust the most.
This year, the bulk of top-trusted brands consisted of food, household, and personal products, such as Lysol, Colgate, and Cheerios â familiar brands people across demographics likely have continuously stocked.
Take, for example, the humble Band-Aid. It just landed its third consecutive year in the top spot.
Band-AidsâŚ
⌠were invented by Johnson & Johnson cotton buyer Earle Dickson after he observed his wife regularly suffering cuts while cooking. J&J launched the product in 1921.
That first year, Band-Aids were sold as sheets that customers had to cut into strips; it made just ~$3k (~$40k today).
Yet, it eventually took off to become a household staple so ubiquitous that itâs now an example of genericide â when a brand name becomes the term for all similar items.
Today, Band-Aid is owned by J&J subsidiary Kenvue.
Which is interestingâŚ
⌠because J&J is the subject of tens of thousands of lawsuits from plaintiffs who allege that its talc-based products cause cancer.
Thatâs reflected in a similar survey published last month, the annual Axios Harris Poll 100,which ranks 100 highly visible brands by how Americans view their reputation.
Here, J&J ranks at 73, placing it below even the much-complained-about Southwest Airlines (61). And TikTok â a brand that Gen Z and millennials trust much more than other generations, per the Morning Consult poll â ranks nearly last at 95, in company with fellow platforms Meta (97) and X (99).
But Band-Aid on its own apparently gives us the warm fuzzies â possibly because: a) we donât always associate brands with their subsidiaries, and b) itâs an early symbol of comfort thanks to the placebo effect that occurs when a caretaker puts one over a childâs cut.
Free Resource
Our top-secret list of expert sources
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See our master list of 52 trusted news sites, 28 whip-smart socials, and 15 beautiful newsletters that can help you stay extremely informed.
Scroll until youâre sick â or start your own spinoff.
July Fourth is ruined: Nathanâs Hot Dog Eating Competition barred 16x champ Joey Chestnut from this yearâs wiener war, citing betrayal â Chestnut signed an endorsement deal with Nathanâs rival Impossible Foods, maker of plant-based franks.
SNIPPETS
For all you US economy die-hards:What a day itâll be, with a new CPI report, which will indicate progress on inflation, coming this morning, followed by a Fed meeting regarding interest rates.
Appleâs AI announcementlanded well on Wall Street: Its shares hit a new record high on Tuesday. Analysts now expect Siri on steroids will âaccelerate device replacement cycles.â
Mistral AI is very good at raising funds: The French AI startup added ~$640m in Series B funding and is now valued at $6B. This is the same company that raised a $113m seed round last year before it even had a product.
New vocab word: Forget spam, in the AI age we now have âslop.â The term has been circulating online to describe low-quality AI-generated content across art, writing, and search results.
General Motorsannounced board approval for a new $6B stock buyback plan. The move comes as a $10B share repurchase program launched in 2023 is expected to be completed this month.
Raspberry PiIPOâd on the London Stock Exchange yesterday at a ~$690m valuation, with shares available to institutional investors; retail investors can start trading on Friday.
Walmart will add electronic shelf labels to 2.3k stores by 2026, cutting the time it takes for workers to change prices from two days to a few minutes.
Warner Bros. Discovery made a 10-year deal to broadcast the French Open on TNT Sports, starting in 2025, for ~$65m per year. Itâs a strange moment for WBDâs sports division: Itâs still in danger of losing the NBA in a multibillion-dollar bidding war.
Iconic duos: PB&J, coffee and donuts, Elizabeth Holmes and courtrooms. The convicted Theranos founderâs case was back in a federal court yesterday, with a âdifficult to winâ appeal hearing.
Chick-fil-A is adding something new to the menu: child care. One Louisiana location will host a three-day summer camp for children ages 5-12 thatâll let campers see behind the scenes at the fast-food chain.
Don't miss this...
Your audience is worth more than you think. Trends decodes a viral (yet controversial) tactic that newsletters are using to grow and monetize.
ICYMI
Rainforest Cafe is a wild place. Its origin story is wilder
Most entrepreneurs hit that crucial moment when they need to turn to plan B.
But few pursue their fallback plans as aggressively as Steven Schussler did. When his idea for a rainforest-themed restaurant failed to attract investors in the early â90s, he sold almost everything he owned and built a prototype â in his own 3k-square-foot suburban home.
After three years, $400k, and a flirtation with total ruination, Schussler had:
A giant waterfall cascading into a river that snaked through the house and emptied out into the backyard.
Nearly 4k extension cords powering gas generators, electric heaters, water pumps, and 20 different sound systems.
More than a dozen life-size animatronic creatures, including alligators, gorillas, and an elephant.
Forty tropical birds, two 150-pound tortoises, iguanas, and a baboon freely roaming the house.
He told The Hustle that investors thought he was âa lunaticâ but the wondrous display won them over in the end. Schussler had planted the seeds for Rainforest Cafe, the âeatertainmentâ chain that briefly became Americaâs most lucrative restaurant on a per-store basis.
There are thousands of companies valued at $1B+. How many clues do you need to identify todayâs billion-dollar brand?
Clue 1: This company manned its assembly line in 1914 by promising workers $5 per day, 2x the average rate at the time, and cutting the workday down to eight hours. Last year, the company fought through a labor dispute, landing at a $42 hourly minimum for its workers.
Clue 2: This company recently made headlines for reviving an iconic building in its hometown that had stood empty for 35+ years and had become known as a monument to urban decay.
Clue 3: No offense to this companyâs supposed âauto tycoonâ founder, but his first product didnât even have a steering wheel.
đ Scroll to the bottom for the answer đ
Background Check
From a failed game to photo-sharing success
âGame Neverendingâ failed to catch on, but one element did.
2024-06-12T00:00:00Z
Juliet Bennett Rylah
Stewart Butterfield, Caterina Fake, and Jason Classon founded software company Ludicorp in 2002. Its initial project was âGame Neverending.â Unlike other massively multiplayer online (MMO) games, it allowed players to manipulate and create objects, but there was no way to win and no goal aside from communicating with others.
The game wasnât particularly popular, but there was one element of it that caught on: the ability to share photos.
While the game shut down, the photo-sharing element became Flickr in 2004. A year later, Yahoo acquired Flickr for $35m. Today, SmugMug owns Flickr, which claims to host âtens of billions of photos.â
Butterfield tried again to create an online multiplayer game with âGlitchâ in 2011, but once again, it failed to gain steam. But donât feel too bad for Butterfield â he went on to cocreate Slack, worth $26.5B.
AROUND THE WEB
đ On this day: In 1974, Little League Baseball let girls play following a series of lawsuits. Girls had been officially banned since 1951 after parents complained about a Corning, New York, 12-year-old who disguised herself as a boy to play in her local league.
Yesterday, we asked if youâve noticed your Chipotle bowl shrinking recently.
While 52% confirmed smaller portion sizes, 30% said itâs business as usual and 18% said they donât visit the chain.
As for how you eat your burrito bowls, 52% said they mix it up while 29% eat it from left to right. A mysterious 19% said they have a secret third strategy.
If this discourse made you crave Chipotle, readers shared some hacks to get a 10/10 order every time:
âI ask for âlots of cornâ which typically follows with lots of every other topping, making my portion size proportional to the cost.â
âOrder in person! Online ordering is where they get skimpy.â
âIf youâre ordering a burrito, ask them to double wrap it, they tend to fill you up on a few more toppings that way.â
âWhen I get to the meat, I wait until they fully finish scooping before I ask for double meat. That way, they have to honor the integrity of the first portion and double it.â
âI just say âa little more of that please.â Works every time.â
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