Rag Houses and Diss Tracks
the celsius effect
Alex Cooper’s ‘Call Her Daddy’ hits No. 1 on Spotify charts (thanks in part to guest Hailey Bieber); Taylor Swift and Drake are reportedly dropping a diss track about Kim Kardashian and Ye; and the drama surrounding Hershel Walker — and his 23-year-old MAGA influencer son — sure is something.
MEET FIZZ, THE SOCIAL APP DOWNLOADED BY ‘95% OF STANFORD UNDERGRADS’, techcrunch
The Reddit-like social app is only available to college students, and like early days of Facebook, users can only access the community for their own college. It’s kind of like YikYak, in that users publish anonymous text posts, polls, and photos, which classmates can then upvote or downvote. Very little good can come from anonymous apps, IMO, but the founders say “Fizz is different because students can only register if they have a valid .edu address for their school.”
IS GEN Z KILLING VINTAGE FASHION?, elle
This report suggests that it’s not just Gen Z that’s killing vintage fashion — it’s also retailers like Reformation who rely on “rag houses” to source secondhand clothing and upsell it in their boutiques.
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GOODWILL LAUNCHES RESALE SITE FEATURING LUXURY BRANDS LIKE GUCCI AND PRADA, bof
The 120-year-old non-profit organization that operates 3,300 stores in the U.S. and Canada launched an online business as part of a newly incorporated venture called GoodwillFinds, “a curated marketplace of donated goods that seeks to compete with Poshmark and The RealReal.” It launched with roughly 100,000 items available online, with many more to come.
WHY EVERYONE IS SUDDENLY SLAMMING ENERGY DRINKS, wsj
The Celsius effect: Energy-drink sales in the U.S. were 17% higher in August compared with a year ago, and up 56% since summer 2019, according to analytics firm NielsenIQ.
META PUTS NEW ADS IN FACEBOOK REELS AND WILL SHARE REVENUE WITH CREATORS, adage
Yesterday, Meta announced five new ad products, three of which share revenue with creators. The idea being “if creators can make money from their participation on these platforms, they could start to win back some of the audience that has been active on TikTok.”
THE BUZZ OVER CREATOR ECONOMY DULLS TO A QUIET ROAR, theinformation
Tech companies focused on creators are laying off workers, shelving products, and curbing perks such as cash advances for online influencers. Funding for U.S. creator startups in the third quarter sank 53% from the year-ago period, the third straight quarter of annual decline.
One last thought: