The Browser: My Starbucks Imposter

Three oustanding readings from this week's Browser

Starbucks, Monetary Superpower

J.P. Koning | Moneyness | 21st August 2019

Starbucks reports a $1.6 billion liability on its stored-value payment cards — which sounds like a problem, but is in fact a gold-mine. It is money which regular customers have put on to their card accounts with Starbucks, but not yet spent. It is an interest-free loan to Starbucks …

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