Last night, the Indiana Pacers became the first US pro sports team to display a QR code on its jerseys, adding a patch for tech sponsor Spokenote that leads to exclusive team content. Good luck to anyone earnestly trying to snap the code attached to men who, you know, run around for a living.
In today’s email:
Group chats: The impacts of a generational shift toward privacy.
What’s the catch?: Understanding the deal with credit card points.
Whoops: The spectacular failure of Bic for Her pens.
Around the web: The Gettysburg Address in PowerPoint form, improve your data visualization skills, and more.
👇 Listen: Gen Z doesn’t socialize on social media. What happens next?
The Big Idea
Looking for Gen Z? Check the group chat
Young people are losing interest in social media, but private communities prevail.
2024-01-04T00:00:00Z
Sara Friedman
Yep, it’s another article about Gen Z.
Stick with us: It’s because that generation will have a real sway on the future of the market — Gen Z holds $450B+ in spending power.
And brands have already been vying for a piece of that pie with targeted ads and influencer marketing.
The problem?
Gen Zers are sick of scrolling through a barrage of advertisements on their feeds.
Now, young people are flocking to private online spaces — like the humble group chat — to communicate without the roar of marketing campaigns, perDigiday.
But that leaves brands scrambling to find creative ways to reach their target consumers. Some are experimenting with other private communities:
Discord, a chat app for gamers with 196.2m monthly active users, has been used by brands like Wendy’s, Gucci, and Sephora to create communities.
Smaller group chat app Geneva launched in 2021 and has raised $22m in funding. Brands like Mejuri and Rare Beauty, as well as individual creators, have set up shop.
This trend is pretty retro — let’s not forget our collective obsession with Facebook Groups in the early 2000s, and the following explosion of brand-created groups.
Plus, it makes sense for a generation that gravitates toward simpler times. We’ve covered Gen Z’s love for outdated tech and its desire to get offline.
The next iteration of this trend…
… will likely be about herding users into ad-supported, brand-friendly communities that are easier to infiltrate.
Many already exist, like Fortnite, Roblox, and the metaverse, joined by newcomers like RTRO — a ChatGPT-powered messaging app for Gen Z.
These online spaces allow brands to advertise more naturally without disrupting users or, worse, losing customers.
Whatever you do, just don’t you dare send Gen Z a green text.
Free Resource
8 ways to pitch a promising business
Be honest: Is your elevator pitch weak?
Do you have an elevator pitch? Oh, Lord.
You never think you need a tight script detailing your business idea and value props until it’s too late and the big fish is shining in front of you.
An Intelligent.com report found 45% of companies plan to remove bachelor’s degree requirements from some job postings in 2024 to foster a more diverse workforce and increase applications. This adds to the 55% of companies that removed degree requirements in 2023 — especially for entry- and mid-level roles.
SNIPPETS
Yikes: America’s national debt eclipsed $34T for the first time, only three months after surpassing $33T. But why stress now when you can wait a few months to groan at a $35T debt pile instead?
SpaceX put 21 Starlink satellites in orbit, some of which will help eliminate cellular dead zones. Partnering carriers like T-Mobile US, Canada’s Rogers, and Japan’s KDDI will now test the service.
Rimac, the Croatian EV maker known for super-fast electric sports cars and its primary stake in Bugatti, is looking to launch its own robotaxi fleet by 2026.
Unlikely pair: Chipotle and fitness app Strava are partnering on a new promotion. Strava added new walking and running segments to its app, all of which end at Chipotle locations, where users can compete to earn free bowls.
Starbucks will now let customers use their own cups for drive-thru and app orders. Previously limited to in-store purchases, the move helps advance the brand’s goal of a 50% waste reduction by 2030.
New kid on the block: A 13-year-old gamer became the first person to push “Tetris” to its functional limit, reaching the game’s final screen. The task, once believed to be impossible and completed 34 years into the game’s existence, required 40 minutes and the alignment of 1.5k+ block lines.
Oof: Shray Goel is accused of running an $8.5m scam in which he used fake Airbnb host profiles to cancel on guests and move them to inferior properties.
New year, same media nightmare: News startup The Messenger is reportedly set to run out of money this month. Its board is weighing its options, including selling or shuttering the operation.
Scientists have revealed an important truth: Pee is yellow due to an enzyme made in the gut, a discovery that could help progress gut microbiome research.
Don't miss this...
With ~30% of millennials and Gen Z preferring to find information (and products) on social media over Google, its clear consumers have ushered in a new era of search. Here’s what you should know to adapt.
What’s the catch?
Why credit card points are too good to be true
So few things in life are truly, completely free — a dog running on a beach with the wind in its hair, for instance — and some things only seem free.
The world of credit card points assuredly falls into the latter camp (though you can, and should, use those points on giving your dog a beach day).
In this episode of “What’s the Catch,” we dive into the hidden mechanisms behind credit card points and all the attractive perks they bring.
Are the rewards truly as beneficial as they seem, or is there a catch you're not aware of? Who really foots the bill for your so-called “free” benefits?
Join us as we uncover the layers of profit that credit card companies enjoy with every swipe you make.
Why, though?: Bic tried to market to tiny lady hands
Bic tried to make a pen for lady hands and got spectacularly dragged.
2024-01-04T00:00:00Z
Juliet Bennett Rylah
Last year, California made it illegal for companies to charge what’s known as a “pink tax” — a higher price for products marketed to women. Often pink in color, these products are the same as gender-neutral products or those marketed to men, yet more expensive 42% of the time.
Many are also downright silly — laxatives, but for girls! — but when Bic tried it, it backfired spectacularly.
For whom, exactly?
Bic launched its most iconic product, the ballpoint pen, in 1950. Since then, the French company has expanded to offer razors, lighters, and even phones.
Bic for Her debuted in 2011. The pens came in pink, purple, and pastel colors, and were supposedly designed to fit a woman’s hand. Advertisements painted them a stylish fashion accessory.
Naturally, the idea that women’s hands were too small and delicate to hold a regular pen resulted in a deluge of sarcastic reviews on Amazon and widespread ridicule.
Bic ultimately discontinued the pens, simply thanking its customers for their “honest feedback.”
What went wrong
Gendered marketing sometimes makes sense, but many products — including pens — are the same no matter who’s using them.
Bic could have simply manufactured pens in pretty colors and sold them to all genders without the “for her” bit, but instead leaned into dated stereotypes ripe for mockery.
It also failed to learn from its mistake. In 2015, Bic South Africa released a cringey advertisement that read, “Look like a girl, act like a lady, think like a man, work like a boss,” for Women’s Day.
The company later deleted the ad and apologized, saying it was meant in “the most empowering way possible.” It also deleted that post and apologized again.
Bic, you make pens. Just chill.
And now: Please enjoy this subreddit for pointlessly gendered items.
AROUND THE WEB
🚗 On this day: In 1996, GM announced its first electric car at the Greater Los Angeles Auto Show. The EV1 was available only in Arizona and California, and just ~2.5k were produced before GM discontinued the model in 2003.
Yesterday, we asked you what motivates you most at work.
Unsurprisingly — you read this newsletter, after all — the most common answer was cold, hard cash at 32%.
As for the 24% who said they’re looking for “something else,” answers ranged from autonomy and stability to equity and career growth (y’know, the good stuff).
And many said they want mission-driven careers that do some good for the world.
Interestingly, some were vocal about opposing workplace recognition — but it makes sense given one reader’s response: “Praise is the cheapest raise.”
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