Hey Snackers,
Plant-based meat enjoyed 2019. Specially Processed American Meat says hold my beer — SPAM sales have officially flourished for their 5th straight year of record sales.
Stock markets inched up for another record high, powered by trade deal love.
Might as well call it Diet-Chella... Weight Watchers isn't counting calories when it comes to investing in big names to rep its brand. Shares rose on word WW (the ‘90s health throwback rebranded from "Weight Watchers") extended its partnership with Oprah through 2025. Check out the resumés of WW stock and Oprah:
How do you beat bread-hating Keto diets?... Schedule a nationwide 9-city tour from January to March packed with Oprah. It's called "Oprah's 2020 Vision: Your Life in Focus," and it's WW's most strategic Oprah move — she interviews celebs like Lady Gaga, The Rock, Michelle Obama, and Tina Fey about their health journeys. Paleo can’t fill an arena like Oprah can.
Oprah has way more pull than Chipotle's "Lifestyle Bowls"... WW hopes celeb endorsements will power it through the most critical quarter of the year: New Year’s Resolution Q1. And it’s looking good so far — Tickets for Oprah Vision Tour 2020 are over 80% sold out, and investment bank UBS predicts it'll drive 8% WW subscriber growth. Big names bring big bucks.
First comes puberty, then comes paying rent... Tech follows a similar path — Growth 1st, profits 2nd. Facebook focused its first 5 years on growth, and only started selling ads in 2012. Amazon Alexa grew in its first years to reach 100M Alexa-enabled devices worldwide, selling Echos and Alexa software for near nothing. Now it's time for Part 2: Make money.
10K Amazonians are on Team Alexa... According to reporting from The Information, ten-thousand employees must now figure out how to squeeze $$$ out of your awkward Alexa commands — because the voice assistant only brought in $1.4M in revenues for Amazon this year (that's a measly $140 per employee). Here are some of Amazon's ideas:
It’s not 100% clear Alexa is a success... Amazon's plan was to disseminate Alexas across every corner of the country to hook people on Amazon Prime (and possibly get them voice shopping on Amazon). But that "vcommerce" feature hasn't taken off (at all). The fact that Amazon is now trying to make revenue directly from Alexa could be a signal that it failed its original purpose: Make money indirectly for Amazon.
Disclosure: Authors of this Snacks own shares of Amazon
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