Costco's Wholesale Revolution | 6

From the outside, OpenAI looked like one of Silicon Valley’s biggest success stories. In 2022, it had stunned the world with the release of ChatGPT3.5, leapfrogging some of the biggest tech companies to be an industry leader in artificial intelligence. But, inside the company wal ...  Show more

OpenAI co-founder Ilya Sutskever’s move to fire Sam Altman with no warning kicks off five days of chaos for the tech company. After he gets over the shock, Altman uses all his corporate savvy to fight back. For days, over McDonalds and Boba tea, Altman and the board feud over the ...  Show more

Costco is not only Charlie Munger’s favorite company of all time (plus he’s on the board, natch), it’s an absolutely fascinating study in how seemingly opposite characteristics can combine to create incredible company value. For instance: Costco has the cheapest prices of any maj ...  Show more

Send us Fan MailIn this segment of Business Breakdowns, Namaan Mian and Jenny Rae Le Roux dive into the genius behind Costco’s business model. From its razor-thin margins to its strategic membership fees, they explore what makes the warehouse giant an unstoppable force in retail. ...  Show more

Costco reports strong growth but shares slip. Nike just does it. AutoZone revs up revenues. Stitch Fix gets slammed. Tesla generates some buzz from Battery Day. Nikola founder and Chairman Trevor Milton abruptly resigns. Quibi explores strategic alternatives. And Amazon unveils a ...  Show more

If you currently own a 12-pack of bath tissue, a 150-count bag of laundry pods, and/or a 48-oz jar of cashews, chances are they all have the same label: Kirkland Signature. Costco debuted this private-label brand—aka ‘store brand’—in 1995 and since then, it’s become a sales-drivi ...  Show more