RT @jp_koning: Wow Starbucks, what a great gig.
Starbucks has ~$1.6 billion in ‘stored value card liabilities’ i.e. the Starbucks Card. S…
Wow Starbucks, what a great gig.
Starbucks has ~$1.6 billion in 'stored value card liabilities' i.e. the Starbucks Card. So ~6% of the firm's liabilities are comprised of coffee addicts paying 0% for the privilege of lending to their supplier.
Source: https://t.co/nGH2arujYz pic.twitter.com/cGcSW3L4MM
— JP Koning (@jp_koning) August 11, 2019