17th July 2020

This week's culture vulture briefing

Brands are still figuring out how to best proceed in this tumultuous time. Public and internal pressure have forced many to rethink their corporate identity and old ways of doing things. And new platforms like TikTok, Robinhood, and Quibi are dealing with growing pains.

Washington Redskins caves into public & sponsor’s pressure & will change their name

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The 15% Pledge is slowly gaining steam as West Elm joins the movement

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Reddit & apps like Robinhood have gamified the stock market, but inexperienced traders are losing big

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Quibi fails to convert users as 92% of initial subscribers left after their free trial ended

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Despite the pandemic, Podcast ad revenue grows to almost $1B this year

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Brands like Target & MTV have blocked their ads from appearing on stories around the protests

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Companies like Wells Fargo & Amazon have told their employees to remove TikTok from their phones as concerns over privacy grows

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Facebook is considering banning political ads on the days leading up to the election 

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TikTok influencer clans Hype House & Sway House are trying to leverage their feud into a TV series

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An online conspiracy theory has ensnared Wayfair into a human trafficking controversy

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Cakes that look like other things being sliced are taking over the internet

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