The Wendy's "Surge" Disaster is Hilarious
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- Опубліковано 8 чер 2024
- and other WINS & FAILS from this past week in Marketing in Business - including SBF's Mackerel Trading, Google's "Too Woke" AI, and the Australian Grocery Mafia.
WATCH A NEW MARKETING MONDAY LIVE every Monday at 7:30 PM Pacific ► / atrioc
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Edited by eriksenchee | / eriksenchee
#atrioc #stream #gaming
0:00 Intro
0:38 Wendy's Surge Disaster
3:39 Sam Bankman Fried is Trading Mackerel
6:31 Tooth Fairy Inflation
7:52 FTC is Going Big
10:49 Australian Grocery Mafia
14:35 Google's Woke A.I.
18:11 AI Chatbot Discount Lawsuit
19:27 Hopin? Hop Out.
21:29 Outro
Unfortunately Wendy's cancelled the dynamic pricing, which sucks because me and friends came up with a new trading strategy where we were going to buy the dip and set up shop across the street and resell the Wendy's food that we bought during peak hours. Wendy's really wasn't thinking of the gruselers out there.
damn bro talks about work smart, not hard
So arbitrage on wendy's.
Keep on gruseling
I dont know how many people want cold Wendy's
or food from a random stranger@@KManAbout
Imagine waiting in line at wendy's, behind someone taking forever with their order and just watching the price steadily go up. People gonna rage out in lines for sure.
Imagine stalling your order when the prices are falling to get a little discount lmao
@@tobeneit's not a discount if they don't make the prices lower than the base prices, which they won't
I’m sure the employees will love that.
I’m sure there will be no vandalism either.
@@tobeneCan I get uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh...you guys have burgers here right?
As much as I hope that would be the case, I feel as if sunk cost fallacy would weigh more on the consumers. "I've waited here this long in line, if I leave now it'll be time wasted", that kind of thing.
Marketing Monday on an actual Monday? Must still be dreaming
Its not monday on my Country . almost 1.5 HOURS😂
@@mesiroy1234where you located? 1955?
am i dreaming, is there more like us
@@mesiroy1234I will drag you into a timezone where it is monday.
we are living in the matrix
Atrioc, I work for an Albertsons grocery brand in management, my understanding from the inside is that corporate is feeling VERY cozy about this Kroger deal. They are not the least worried about the FTC, and that scares me.
Bummer to hear ! Hopefully they are proven wrong, it's a nightmare for consumers and workers.
If they don't merge, they'll definitely just form a cartel with fixed prices and take on any fines that come years after. It's a silly game we play
Hopefully the FTC can be a little less useless
If they drastically raise pricing, thefts are going to go up and there's nothing they can do about that lol.
You gona cry?
If Google is truly worried about AI disrupting their business they should probably stop actively making their search feature worse every chance they get.
I swear! Nowadays I can't find anything on Google. Straight up I use Google now to search reddit because it's actually kinda better than reddit itself at doing that 😂.
like youtube seach
hell i there was a lot "unrelevant" relevant seach
Google wrote and released the ‘Attention is all you need’ paper.. ‘considered the founding document for modern artificial intelligence’. Other companies obviously found this paper super useful.
In 2023 all 8 authors left google. 🫡
But but but but IF WE CAN'T CENSOR THE TRUTH AND CALL YOU EVIL FOR BREATHING OUR AIR WE DON'T DO IT RIGHT.
@@pedi-kun3978youtube search is literally unusable, nothing related pop outs anymore. I have been using freaking Bing and YT Algorithm now
FOR WHAT ITS WORTH - Wendy's backpedaled hard after the bad PR. Now they say it will only be used to LOWER prices during slow hours.
This is just the "happy hour" psychological framing that restaurants use to position it as a benefit to you instead of a tax, but the end result is really the same - you pay more during rush hours than you do the rest of the day.
Prices will still continue to rise with inflation. That's why I'm stocking up on a safe investment like Mackerel with SBF !!!
if they fall off and 2 people buy burgers the whole day does a burger end up costing like .54 cent
Wendy's mid anyway I will not be buying
Too many words big A please use chat gpt to summarize this wall of text next time. I want 4 and a half words max
I’m surprised surge pricing has been so rarely used by all these companies enough to make it the norm, they’re just leaving free money.
The Mack investment fund has me rolling 🤣
As an Australian, I'm so stoked you covered the Woolies CEO drama. It's such good chat down here lol
let me know if there's more I should know about!
@@atrioc Jokes aside the cost of living is only half the problem. There was a great report from the Reserve Bank of Australia which pointed out that our Real Disposable Income (after tax etc) has dipped significantly. This is partly attributed to our real estate market which exacerbates the effects of interest rate rises by raising mortgages which applies to like over half the country. Additionally we have some of the worst relative wage growth atm and under-performed the OECD average by about 7%.
This means: lower relative wage growth (compared to US) + higher cost of living (Woolies you fcks) + interest rates exacerbated by real estate = not fun economy.
So I guess supermarket duopoly is only part of the story. I will note that there are 2 other small grocery players in AUS. IGA and Aldi, but they take a much smaller market share.
Anyway we have healthcare so I'll stop complaining.
Great video!
@atrioc there's also some other cheaper grocery stores other than Coles and Woolies in Australia like ALDI, but in general almost all stores are going up on prices.
But it's not just the groceries going up, rent and housing is getting absurd in Australia too. There are houses almost tripling in price over the past 3 or so years it's getting out of control.
@@atrioc Check out the similar story of the 3 grocery stores in NZ, or the insane rental market here. We're fucked
@CrashEng 2, food stuffs owns new world, pak n save and 4 square
The Wendy's thing is funny because if they just spun it as a happy hour type thing it would have been positivity received. A restaurant in my town has been doing half off mains from 9pm until closing for 10+ years and there is a line out the door from 830 onwards to get a seat for the 9pm half off. They essentially get to ensure they don't have any food waste and get a ton more business during normally slow hours while also charging more the rest of the time.
That's literally what they did, though?
@@KainYusanagi The point is that they purposefully framed it exclusively as "we will increase prices when we feel like it because you will give us more money that way" rather than pretending that they're actually favouring the consumer with reduced pricing certain hours.
Crazy that no one at Wendy's corporate thought that the initial decision would be received poorly. Almost like all corporate heads and CEOs are completely detached from reality and only want to "make number go up" for themselves and shareholders. Literally all they had to do was hire one "regular Wendy's consumer" and one consumer psychologist to to work the problem.
They backtracked and are now doing that lol.
@@thenightjackal8876 Except they didn't do that. The "news" article did, by associating it with Uber-style surge pricing out of thin air.
Note from an Australian: there aren’t only 2 grocery stores here in Australia but they do take up 65% of the total market and it isn’t always feasible to go somewhere else. For example the town i grew up in only had a woolies and coles
Yeah if you are lucky there might be an ALDI around, and there are still plenty of independent grocery stores but the prices are usually much higher because they don't have the buying power & vertical integration of the chains to keep the prices low.
@@forcastfascistfuturealso iga's and if ur in a city u get 1 or 2 costco's
I go to Foodworks and iga 99% of the time personally.
Luckily there's a drake's like 1 km away from my place, they've got cheap store brand cookies and stuff it's great
honestly just the fact that a fast food company is seriously considering this route during a time where so many people are struggling to make ends meet is fking ridiculous and leaves a horrible impression. Even if they dont end up going through with this, I wont be wasting my money at Wendys.
It’s almost as if every business in America has prioritized profits over the care of its employees and customers. A big reason people don’t want fast food minimum wage to go up is bc those fast food places would reflect the prices back onto customers before they ever even took a marginal hit to $1b+ profits. Customers actively wish for these places employees to live in poverty while working there because they don’t want their Big Mac to go up in cost. That’s just the way the world is for the most part sadly
@@cadestockman5731Billion dollar profits? You mean revenues, right? No fuckin way Wendy's clears 1 billion in goddamn profits
I agree that Wendy's (and many other for-profits) are up to some serious monkey business, but i don't think they're doing anywhere near as well as you say
McDonald's was doing it in Belgium when I was there almost 10 years ago. Different prices in the afternoon than lunchtime, different prices across locations even though they were within 500m of the same metro station in Bruxelles. And yes, McDonald's has different pricing across locations in the same town over here in Slovakia as well, so nothing new there.
But there was an affair in Belgium when Quick, a McDonald's competitor, did a price surcharge during the night. Which would be fine if they disclosed it on the menu, but no, you found out only when paying at the register. It was like 10% or something, not too insane, but the way it was done was shady
I read somewhere that it is a part of a larger corporate effort to move the cell phone "whale" consumer model over to the food industry. Basically, they know they will lose customers but the loyal "whales" (unfortunate name in this case lol) will pay whatever and make up the difference and then some. I can't imagine that would actually work but it's interesting to think about. And depressing :')
The illusion is starting to fall apart. The ideals we hold, the virtues we worship, have never played a significant role in _any_ of the works of man. People have always been valued as _workers_ and _owners_ first and foremost, and sometimes this truth shines through more clearly than people would like, but no one's ever done anything about it. Well the value of workers is rapidly going to zero, which means there's less and less of value to own. What now, humanity?
Brother. If Wendy's starts surging prices at rush hour and I'm McDonalds then I'm price cutting them lmao. Flash sale, everyone come get a big mac.
Thats the dumbest thing you can do as a big company. Mcdonalds aready is slightly cheaper than wendys. It makes more sense to just charge slightly less and actively enter into an unspoken agreement with wendys to support high prices and not compete against eachother.
@WARnTEA Or you can competitive price them out of business and not need to rely on an agreement with them so you can decide on raising the price all by yourself. Even from a PR perspective of only doing it once or twice to morally grandstand about how much better you are than Wendy's would be worth it. Paint them as the bad guy and you as the hero.
@@lilschlagen It just doesn't work like that. BurgerKing has never been good, and its always been more expensive than McDonalds and yet they are one of the biggest fast food companies in the world. Taco Bell has always been the cheapest and yet random taco chains are sprinkled all over the place like weeds.
Why do I see a future where people are checking the Wendy's app like it's a stock price and trying to order their food when the price bottoms out.
Oh you sweet summer child.
How the hell is the tooth fariy giving $6 per tooth. I have now learned that my daughter has been severely underpaid for her goods. This is why we need tooth price transparency.
Australian here, Atrioc is pretty much correct, we have about 3 grocery stores, Aldi, Coles and Woolworths, with Coles and Woolworths making up about 80% of supermarkets. Most places that you go to will have a Coles or a Woolworths; in country towns it's even less likely that you'll find any sort of grocery chain except for Woolworths or Coles. A major part of the pricing problem is really down to this duopoly, neither Coles nor Woolworths wants to drop their prices (since they are looking at record profits), and in terms of competition, they increase their prices to compete with the other chain. Since there is so little options for any other supermarket, and both Coles and Woolworths keep trying to compete with pricing, we don't have a choice besides accepting the price increases. This is true for quite a lot of industries in Australia, you'll find a similar problem in Mobile Networks, Airlines and Energy, though it isn't as pronounced since there are more choices there, it remains a fundamental issue for us Aussies.
Bruh I already didnt go to Wendy's this has set in stone that I will never step foot in a Wendy's again.
I did like going there but man I ain't touching that place anymore
I used to get 4 for 4s regularly but since it was replaced with the 'biggie bag' I haven't gotten wendys since
So you guys just don't get fast food then? Wendy's is objectively the best fast food burger restaurant in terms of quality. Still fuck em though
@@TheScrubmuffin69 I used to eat fast food pre-Covid. But if you haven't tried it, go to a local restaurant post-Covid and compare your bill to fast food. These restaurants used to be the "expensive" option compared to fast food, but now they're CHEAPER. And they make better, tastier food. I only eat at local restaurants when eating out now, and eat food I cook or prep at home the rest of the time.
My kid had to get some baby teeth pulled. The dentist TOLD MY KID: "The tooth fairy pays double for teeth that get pulled." I'm like "Bitch PLEASE! Insurance is not going to cover that extra premium!"
I cannot believe more than one person looked at the idea "Let's charge fast food customers more money when the lines are longer" and didn't stop it.
So, you can't believe corporations are greedy?
I think the average consumer mentality has been divorced from the concept of fair pricing. It's more a mentality of "I want ___ and I'm willing to pay whatever price they say as long as I can afford it". Consumers used to notice and complain when an item was raised off the dollar menu to like $1.25 but now no longer care when the same item just went from $6 to $8.
Really? All I hear and see is "x used to cost __ but now it's __ this is fucked up" like I know a few people who have the mentality around prices that you outlined, but that's bc they're rich n shit. Especially when Wendy's said that prices were gonna be higher it's like fuck no I will just not even walk in, you already told me it's gonna be more expensive
@@fedweezy4976 the thing is that even with those comments that won't stop people from buying, it is just met with a "yep" and a shrug
The definition of afford changed from within my preplanned budget for the month so I have enough to save and for emergencies, to in my bank account
idk i just don't go to fast food places anymore bc it's so much cheaper to just make my own food
Perhaps the internet have created an outlet that makes action less likely. At the same time the internet makes it easier to organize and form groups to act, it also creates plenty of spaces to vent frustrations in issues where the problem isn't major enough to incentivize people to act without growing, pent-up frustration. If something jumped from say, $10 to $20 people would certainly be outraged. But if the same item was increased in price year-on-year by $1 or $2 the difference isn't big enough for people to create a fuss about the price increase before the new price becomes the norm and the price increases again. They just go on the internet, vent or get satisfaction from watching someone else venting about the same and then go on with their day.
An interesting thing for monopolies is that (Economically) they will always hire less people for lower wages (if they're maximizing profits). In addition to that, they produce less goods at a higher price than free market equivalents.
So, when you have a merger that is threatening to monopolize the *groceries market,* (A BIG portion of consumer spending) it's really bad. You'll have less people working, being paid less, paying more, for less possible food.
If this merger goes through, Australian cost of living is going to skyrocket, and many towns will be dozens of minutes from grocery store alternatives, or not have any grocery stores at all.
A big part of the monopolization of grocers is how prevalent cars are in a country; and Australia just happens to be one of the few as car dependent as the US. So, small grocery stores cannot compete with larger ones, as the consumer can simply drive further for that option. Those smaller stores close, or are bought out, until *only* the larger ones remain. At that point, the larger grocery stores already have way too much market power, and are negatively affecting the consumers in the ways I listed above.
(I hate car dependent infrastructure so much, it strangles the free market)
@@Spoon80085 The merger being referenced isn't happening in Australia as the mentioned businesses don't operate here. The ACCC inquiry Woolworths and Coles are facing is about pricing, not anything to do with a merger.
As a former Kroger employee, the merger immediately put a bad taste in my mouth when first announced. They’re so excited for it I couldn’t help thinking “wait they own like half of the stores around here?!?! All these stores are gonna be owned by one company?”
It seems bad.
Competition Is necessary. Gives the consumers choice and better options
Marketing monday on a monday? INSANE
The thing that's infuriating about this, is that if you go overseas and see our fast food joints you'd straight up want to riot.
In all regards the quality of the food is better along with better (and healthier) menu options, of which is usually served at probably half the price of what it is or would be here in the states and with better service to boot.
At every turn the businesses born and raised in the states treat us like bottom feeding afterthoughts compared to how they serve and treat international markets like Europe and Asia.
Yet they expect us to dish out more and more money for their crap food.
That one time in 2020 when there was a pandemic and McDonalds used it as an excuse to eliminate salads from their menu saying they risked exposing their employees to Covid.
That is because they don’t treat you better than they are forced to by law and the US has VERY lax regulations.
Try the Russian versions. Cheap af, McDonald's knockoffs, that are impossible to sue from the states.
@@thuglifebear5256 ah yes my favori8te, MIG donalds
cant wait until fast food costs 200 dollars a meal
probably for the best tbh
Yeah, but wages would've increased by 1.32 dollars per hour by then, so it's clearly fine and the system is working as planned
system is being hijacked while they cheat it to get ahead, then they will change the rules and pull the ladder up behind them. These people's entirely life depends on people not having faith in the system. @@xerfrex7869
As a Wendy’s employee prices are already absurd in my opinion. Definitely glad to see this not going through. Especially when at the location I work, we’re so understaffed that it’s hell during rush hour. Especially when we only have one person to make sandwiches for the drive thru, mobile, door dash, Uber, and dine-in orders. Not to mention the absurd things some people order which completely backs up everything. Such as $85 orders with 13 sandwiches and 11 drinks…
As an Australian, I’m happy you’re talking about our financial situation and the bullshit situation with our grocery store price gouging
Also the Woolworths CEO wore the uniform of a regular worker and LOTS of people were calling him out for it cause there’s no chance he’s seen the inside of the store.
THAT WASNT THE AGNI KAI WITH ZUKOS DAD, THAT WAS THE GENERAL GUY
zhiao
Zhao
yeah but he got the scar from the Agni Kai w his father, the point still stands
It's for a throwaway pink eye joke bro it's not that serious
Damn i was about to eat without a video. Thanks atrioc!
just eat without a video
@@a.drian.impossible
@@a.drian. never
@@a.drian. ew
@@a.drian. impossible difficulty
Also, Burger King is so cheap. They just opened one up near by being from New York. I can now get twice as much food for my money than McDonald’s. 8 piece nugget and cheese balls, a drink and a chicken wrap plus a whopper jr. 12$ wtaf.
Too bad Burger King sucks. I love getting a stone cold burger, mid fries, and mid Coke out of the Coke machine.
As someone who has only started going to Burger King recently, I have to say they have reasonable prices and better yet I got lots coupons. So yeah it's better than a lot of fast food options such as stupid overpriced Wendy's.
Yeah but it tastes like literal garbage
It's a great deal if you don't mind eating completely inedible garbage. I have tried a couple times but ended up eating a bite or two and throwing it away. Wendy's tastes pretty good mostly and the food isn't sopping wet like BK either. McDonalds is mostly edible if they happen to have heated up your food within the last 5 minutes, if you get anything even slightly old you pretty much cant eat it.
Wendys is not on the same level as BK or McDonalds, it's is more like A&W. It's not a good hamburger like 5 Guys but it is somewhere in-between that and McDonalds. I have always been able to eat whatever I ordered from Wendy's and it was fine. McDonalds is edible like 80% of the time, so far BK is 0% on sandwiches/hamburgers for me, but their chicken strips are acceptable.
Somehow they even fucked up the pop at the last BK I went to, I don't think they change the syrup and they sure as hell don't clean the machine. I'm sure if a health inspector dropped by they would get shut down.
If burger king tasted more then just acceptable then I'd go there more often.
What’s the point of having a regulator like the FTC if they can’t actually do anything to regulate and prevent monopolies.
I mean, given the fact that there aren't any monopolies I'd say they're being pretty effective. Not every merger means something's a monopoly. Hell, not every merger is even a bad thing (though I think Kroger is too big for its britches and will probably end up as a bad thing in this instance)
As of this morning, Spirit Airlines and JetBlue have terminated the merger entirely. Spirits stock tanked because of this
Thanks for covering the Aussie supermarket price crisis, it's absolutely fucked for us right now.
Unless you can go to Aldi much much better there if there's one around you. Saves literally thousands of dollars a year
"Man, nobody goes to restaurants since Covid... what if we raise the prices?"
As you were talking about the Kroger deal I was thinking "sounds like Australia's situation"
Remember when you went wendy's because you didn't have mcdonald's money, and you went to mcdonalds when you had a crumpled bill and some quarters? pepperidge farms remembers.
tooth fairy payments should be the real measure of inflation bc when things get more expensive, the first thing you’re gonna cut back on is the petty cash you give small children who can’t even use it
“Strippers are the best economists” basically
“Oh hell no I’m not going to Wendy’s for lunch anymore” that is the POINT! They’re trying to reduce restaurant traffic at peak times and increase traffic at low-demand times
Man i love how capitalism just breeds innovation that improves all our well-beings, like corporations using data mining, digital analytics and fluid pricing to squeeze the maximum amount possible out of every customer. so efficient! so technological!
Well it is efficient at making money. Not much else though
No one could foresee rent seeking behavoir
Capitalism is just a wrecking ball
It was great for dismantling the monarchy, but now it's not letting to build something new
its capitalism when its "how much can the consumer accept" vs "how much did this thing cost to make"
Companies being innovative [Gone German][Gone Wrong][Gone Sexual][BANKRUPTCY FILED, IRS CALLED][Gone out of business]
"i was in an agni kai with my father" shows zuko fighting General Zhao. This transgression will not be forgiven until atleast 3 more avatar clips are shown in the future videos. also thanks for the avatar clip
I just moved from a city to a rural area in Australia and the prices are even worse, I was flabbergasted. was already crazy and the prices for most stuff here in rural area is 1.8x or so.
Great video, loved all the visual aids Big A! One of the best MM yet in my opinion
Great video, love the wins n fails
You ain’t seen it yet
I'm so stoked to stall my Wendy's order for 10 minutes to reduce the price of my burger.
0 seconds, 14 views. Dude fell off hard
9 minutes, only 4,669 veiws, what a shame.
Damn
@@geraldtheoctopus159410 mins, 5.5k views, who let this guy cook Fr⁉️
The new "first" comment
16 minutes, 9400 views. Disappointed
If wendy's is gonna be surging prices they better make sure I can pull tf out of the drive thru as soon as the surge happens.
I don’t know where you live but the Wendys where I live have curbs along the drive thru, so once you’re in that line you’re stuck until you get past the windows.
honestly the US should learn from Australia's mistake with supermarkets. Stopping that merger was a step in the right direction. Legit it sucks not being able to afford groceries because of price gouging on top of inflation.
I'll definitely pass by Wendy's next time.
I'm also paper hands... Sold at $52k... Guess hindsight is 20/20. But I made 40% so I don't feel too too bad 😂😂
I remember I was at work and ordered an uber for a 1 mile ride home (8$~) was 15$ because it's "during more active hours", waited a few minutes and it was back to normal, what a scam
Bro if I was standing in line and my burger became $1 more expensive I would absolutely lose my mind
I will devour this slop even though I have already consumed it on the VODs channel
You should watch the vod about an evil Japanese corporation it's pretty good
To the Google Woke AI story, it’s important to point out that before they added the hidden diversity prompts the AI was massively overcorrecting to only showing white people, even if you prompted it for a black scientist it would output a white one. These prompts were meant to correct for that and they over tuned it so it just had the opposite problem. The issue is with the AI itself not being great at following specific prompts that go against the average training data.
I'm not saying you are making that up. However I'm curious if there is any actual proof of this outside of media or Google "on the record" reports. I do believe what you said is very possible, but I don't trust media outlets or giant companies, so I can't say for sure.
do you have any source for the "only showing white people" part?
complete news to me, does not fit anything i've heard or seen, but i'd be interested to learn
now they fcked up by making too (and god i hate to say the word) “woke” so it’s overly inclusive which resulted in like 300 bill$ worth of market cap gone
where di you see that? That's literally the first time i'm hearing about this. Can you link the article?
This is a complete lie.
wendy baconator options would have been absolutely CRAZY
Albertson's already ate up safeway, after that happened there was a noticeable increase in prices
I appreciate the overcooked music during the Wendy's portion. 👏editor
I’m horrified by the Kroger Albertson’s merger. They are the only full size grocery (no Walmart, Target, Whole Foods, etc.) stores within 100 miles of where I live.
Australian grocery prices have been messed up for the last decade, been brutal here
There's a local bar that does this where I live called "the Exchange", really cool concept for alcoholic drinks but horrible for every day food consumption. lol
The profit margins for woolworths are actually down in the last 2 years compared to where they were in the years previous. Modern economic literature mostly agrees that duopolies are no where near as bad as monopolies. The issues with duopolies is the potential of collusion (which in most western states is illegal, but still pretty hard to enforce, to quote the Sherman Antitrust act "This law prohibits conspiracies that unreasonably restrain trade. Under the Sherman Act, agreements among competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets, are criminal violations.") The biggest problem with duopolies is the complete lack of innovation, not necessarily due to collusion, but simply because these 2 companies are very likely to act in similar ways. In a market with 10 companies, odds are theyll be run pretty differently leading to at least one of them trying something new for better or worse, and if it works the others will have to follow suit, but just like google has lost its edge, duopolies lead to stagnation due to the size and slowness of the massive corporate bureaucracy.
Eat shit woolies meatrider. just because they're making less profit than they were before doesn't mean they're not making fucktons of profit. Monopoly rarely means literally one company controlls the entire market
Excited to watch Atrioc!
im so glad that woolworths story made it outside of australia, that guy dressed up as if he actually worked in the store and then made such a fool of himself he retired within like a day!! genuinely insane
The last time I watched Marketing Monday was a few weeks ago and I still cannot believe this episode came out on a Monday!!!
Price surging is great when it´s like gasoline, everyone follows the price changes. When seeing high prices at Wendys you just goes next door.
I stopped eating fast food because of the price hikes. I will pack string cheese and a water bottle and never go to Wendy's again.
You stay well informed, im gonna start looking for your vids more. Keep it up🎉
Wendy's was not standing on glizzness
I love the hint of “casino” vibe with the background music being Goomba’s Greedy Galla from MP4, great choice editor :)
The thing with the grocery stores already happened in my city. We only had Albertsons and Safeway. They merged, and now we have two grocery stores that are owned by the same corporation literally across the street from each other, and no other major grocery stores within an hour drive.
I think that we should automate monopoly restrictions.
If someone is in a monopolistic position in a basics industry (food, housing, energy), they have like 5 years to cash out, but afterwards they get peofit capped, unless they find a way to split up. Either let go of a daughter firm, regionally split, or create a separate root company that must not compete with the companies that buy from them.
I live in Australia and I can corroborate that the grocery prices are absolutely insane, especially to a university student. I am currently studying full time, so I have to live off of youth allowance, which is for me $700 a fortnight. The crazy thing is my rent is $600, so I have $100 bucks to spend for 2 weeks, where buying chicken costs $12. The worst part is that I actually have it pretty good since I live in the outskirts of Sydney and not the CBD
Rent is 600 a fortnight or 600 a month? Is rent charged by fortnight in Australia?
@@legojedimasterplokoon2173 Rent is normally charged by the week, sometimes fortnightly. I imagine OP is just converting his rent for direct comparison to the government allowance, which is metered by the fortnight.
@@altmaster3288 interesting. I'm in Raleigh (second fastest growing city in US but still not huge) attending university and I pay 800 a month. Rent is always monthly in the US, afaik. Crazy how much more rent is there then here
@@legojedimasterplokoon2173 The reason for this is that Australians were paid weekly for decades, so the rent was charged at the same frequency. Fortnightly paychecks here in Australia have only been a thing in the last 20 years, but the vast majority of people still get paid weekly. Easier to calculate budgets with the same frequency for income/costs.
You also get extra pay/cost periods with the weekly model vs the monthly one. There are 13 4-week periods in the year vs 12 months.
I work as a contractor liason at Lowe's. I deal with the construction companies that ma,e high volume purchases and whatnot. The price of (for example) a 4x8 piece of 7/16 OSB has go e up from $14.28 to $17.55 in the last 2 weeks. I asked my supervisor why and he told me it was because of demand. 2 weeks ago I was asking him for advice on the best times to buy materials for my own home renovation projects and he told me it usually doesn't matter because prices usually stay the same throughout the year. Either he was just blowing smoke up my assets, for whatever reason, or Lowe's is following Wendy's example. As a result of these crazy price hikes we are now selling less than half the volume of materials as we were YoY. People are getting tired of the blatant profiteering. I'm hearing a whole lot of dissent and their money is where their mouths are.
As someone who only goes to Wendys when they have their buy-one-get-one deal on Dave's Singles, I don't care at all
Putting the escapists music behind the SBF bit was genius.
>stand in line
>wait to order
>11$ burger jumps up to 16$
>leave
Leave -> burger drops to $10.
That avast thing is kinda nuts
Like, we had those in Highschool on every computer, imagine the amount of data they ACTUALLY have
Fr. They were used on every computer (or any device that goes online) in my university. Talking thousands of different PCs with confidential info on like half
all corporations need a special delivery to their po box (ingame)
Another great video
The moment Wendy’s take away my 4 for $4 in my area, I’m never coming back.
Quite literally the only difference between the 4 for $4 and the $5 biggie bag is the extra patty in a double stack, and a slightly larger drink.
If you find an incompetent employee, they would give you the small drink instead of the kids size.
Alternatively, do dine-in for unlimited refills which negates the small cup.
It's disgusting that Atrioc would call Woolies an abhorrent term such as "Woolworths"
Thank you for the tooth fairy bit I needed that
thank you for this video big A! super market duopoly is here in NZ too
This is far funnier than a financial news video should be
I can't believe Atriocs dad used Raytheon weapons on him
As a low volt technician who regularly contacts with Wendy's, I'll likely be part of installing these menu screens, but you can bet I'll never spend a dollar there ever again!😂
Bold of Wendy's to assume we wouldn't just leave when it got that busy. Even now if the car line reaches the speaker box I go somewhere else, no way I'm sticking around through a spontaneous price hike
as a consumer if I dont know how much something is going to cost me I simply wont go
I don’t even buy delivery because I hate the idea of being forced to tip the driver. Fuck it I’ll save $10 and go get it my self.
I also avoid restaurants unless its a special group event. I can’t bring myself to overpay for food.
The only place I happily tip is at the barber/hairdresser and thats mostly because I feel bad for waiting a long time in between haircuts, and to reward a good job.
This glarketer is quite smart.
Little do the inmates know SBF has been selling them mackerel NFTs all along
NFT stands for Nice Fish Treats
Thank you for talking Australia!
such a good monday
Hey big A wanted to let you know I was feeling super uninspired as a senior in high school and had no idea what to major in but I knew that I really loved your videos and just really enjoy my Econ class in school and so now next year I’m gonna be studying business marketing at auburn so thank you for doing what your doing and making all these concepts easy to understand
as an australian very happy you covered coles and woolies, i watched the interview and thought that part was hilarious and would be great on MM funny asf that it actually was
Confirmed wazzup Beijing next week? Boy it must be my birthday 😂
Nice job to the editor using “Whims of Fate” at the beginning when talking about the stock market being like a casino. 😂
Holy fuck warren buffet is sae nijima irl, if only she was 1 percent as hot as him
For Grocery in my town it’s 2 Albertsons, a Walmart, and 2 discount grocers
In Australia, every industry is monopolized (?) by 2-4 businesses in each industry. It's crazy.
clocked out of my 10hr shift 2.5 hours early to watch my goat Mr GoLive
This video impressively showcases a thorough exploration of the topic, demonstrating a remarkable depth of research and knowledge. Bravo
You better have watched ts live cause you could not have finished the video by the time you commented
Oh God bro... The bots no longer have NSFW profile pictures, now they're just pretending to be normal accounts. They're evolving
@@nebula8893 I watched the vod 💀💀
Basically what happened to Venezuela is going to happen here, suddenly one Burger will cost $1,000, and most restaurants will go out of business because the price was just simply too fucking high, nobody can afford it.
Another thing with aus is that we FINALLY started a royal commission into price gouging from the big two grocers. It’s publishing the first of its findings soo and hopefully we can get some actual change from that
When the market consolidates into two players, I guess it's time to profit cap them, or break them up.
You can regionally break it up, or based on something else.
Kroger North and Kroger South or something like that yeah
Nice animation at the start
Nice escapists music for the SBF section lmao
Excited for next weeks episode when you talk about the capital one merger. When I saw the news about that my mind was BLOWN. like how could they ever get away with merging two huge credit card companies??
Dude I loved this vid. It's snappy, fun and upbeat. New sub :D Also, Australia has more than 2 supermarkets - IGA, Aldi & even Costco but Coles and Woolies make up at least 50% or more of the entire market share and us aussies are sick of it. Cost of everything has gone up massively here. I do feel bad for our friends in the UK though and specifically in Birmingham. Their council is pretty much bankrupt so they put their council rates up like 23% to try to claw back some money. This is ridiculous but Victoria (the state I live in in Australia) has more debt than NSW, ACT and QLD COMBINED so it's likely home owners will cop that here too :D Fun times!