Starbucks Crashes After Rug-Pulling NFT Community!
pbn3.substack.com
Starbucks, the global coffee giant, is facing a significant decline in customer traffic and market value. The company's stock has erased $35 billion in market cap since its all-time high in 2021, and customer traffic dropped by a staggering 6% in the first quarter of this year. This downward spiral serves as a cautionary tale for brands that fail to adapt to cultural shifts, particularly the shift towards web3 and the integration of NFTs and blockchain technology.
Starbucks Crashes After Rug-Pulling NFT Community!
Starbucks Crashes After Rug-Pulling NFT…
Starbucks Crashes After Rug-Pulling NFT Community!
Starbucks, the global coffee giant, is facing a significant decline in customer traffic and market value. The company's stock has erased $35 billion in market cap since its all-time high in 2021, and customer traffic dropped by a staggering 6% in the first quarter of this year. This downward spiral serves as a cautionary tale for brands that fail to adapt to cultural shifts, particularly the shift towards web3 and the integration of NFTs and blockchain technology.