For two decades, adolescent smoking has been on the decline, but thanks to vaping products like Juul (which has 75% of the market), teen smoking just jumped by levels not seen for 43 years.
Almost all the kids who vape are vaping nicotine: a toxic and highly addictive substance (source: smoker for 17 years, ex-smoker for 18 years).
Juul's income growth over the past year? 800%.
Nearly all of the increase comes from an increase in vaping nicotine, and my skepticism about this disappeared when I looked up revenue figures for Juul, the top seller of vaping devices and pods. I knew that the Juul fad had practically taken over American high schools recently, but it turns out that Juul reported a monster revenue increase of nearly 800 percent between 2017 and 2018 (from $107 million to $942 million), and they control about 75 percent of the market. That’s enough all by itself to account for a huge single-year increase in vaping.
The Juul Fad Is Far Bigger Than I Ever Would Have Guessed [Kevin Drum/Mother Jones]
White House adviser Kevin Hassett said the quiet part out loud just now: “Our human capital stock is ready to go back to work.”
NPR has a bizarrely fascinating new piece about Drew Miller, the owner and founder of Fortitude Ranch, which is essentially a timeshare opportunity for Doomsday Preppers. Unlike the Survival Condos that start at $1.5 million, Fortitude Ranch “seeks to capture a solidly middle-class market.” The annual membership fee is $1,000, which gives you access […]
When John Stumpf (previously) was CEO of Wells Fargo, he oversaw a string of scandals including literally millions of acts of bank fraud, and still managed to walk out of the business with millions in bonuses and no criminal prosecutions.
After years of hearing a steady drumbeat about the necessity of surfing the web under the protection of a VPN, even the most technophobic among us are starting to come around. But even knowing the dangers one can face from cybercrooks phishing for information from unsuspecting victims online, those last holdouts still have some fears. […]
You may not realize it, but some of the biggest films in movie history have been edited using the same tools some of you use to cut your video of vacationing at Disney World. Giant movies from Oscar favorites The Social Network and Gone Girl to blockbusters like Avatar, Deadpool, and last year’s Terminator: Dark […]
Now that the initial furor and shortages have subsided, it’s probably not a bad time to start considering your long-term cleaning and disinfecting plans. Sure, that might seem anywhere from overly cautious to outright ridiculous, but the threat of COVID-19 appears poised to be present for a while and the need for quick travel clean-up […]