Why Starbucks is Actually a Bank

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  • เผยแพร่เมื่อ 25 ม.ค. 2021
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ความคิดเห็น • 2.1K

  • @NamanSachdeva12
    @NamanSachdeva12 3 ปีที่แล้ว +6271

    "McDonald's is a real estate company"
    "Starbucks is a bank"
    Next: why harvard is a wealth management company

    • @aluminiumsandworm
      @aluminiumsandworm 3 ปีที่แล้ว +375

      ok wheres the lie tho

    • @NamanSachdeva12
      @NamanSachdeva12 3 ปีที่แล้ว +369

      There is no lie, just giving polymatter ideas hahaha

    • @Jdalio5
      @Jdalio5 3 ปีที่แล้ว +494

      Harvard is a hedge fund and staffing agency, the pesky school part is scouting tallent.

    • @toastytoast9800
      @toastytoast9800 3 ปีที่แล้ว +157

      how kfc is a tech company

    • @iruns1246
      @iruns1246 3 ปีที่แล้ว +71

      @@Jdalio5 I believe it's the crowdfunding and PR wing of the company.

  • @zendikarisparkmage2938
    @zendikarisparkmage2938 3 ปีที่แล้ว +4384

    9:02 They even have a perfect name for that currency: Starbucks.

    • @alhdzsz28
      @alhdzsz28 3 ปีที่แล้ว +94

      SBC - Starbucks Coin, called it.

    • @tycooperaow
      @tycooperaow 3 ปีที่แล้ว +83

      They could easily create a cryptocurrency

    • @Jdalio5
      @Jdalio5 3 ปีที่แล้ว +26

      Yes and peg themselves to Duncan Donuts 2:1.

    • @faisal3398
      @faisal3398 3 ปีที่แล้ว +5

      @@alhdzsz28 Small Block Chevy?

    • @YashKMusic
      @YashKMusic 3 ปีที่แล้ว +47

      their rewards are stars, so yes literally Star bucks

  • @geolex4560
    @geolex4560 3 ปีที่แล้ว +724

    i'm a starbucks barista in a ritsy area, and customers will straight up keep hundreds of dollars loaded on their starbucks app. i'm shocked every time, like, it's a power move.

    • @Chironex_Fleckeri
      @Chironex_Fleckeri 3 ปีที่แล้ว +47

      Really? Starbucks is looked down upon where I live. Like it's a tacky place for... average people or college students. The coffee is kinda bad.

    • @personontheinternet2164
      @personontheinternet2164 3 ปีที่แล้ว +60

      @@Chironex_Fleckeri not "kinda" bad, it's over roasted garbage water.

    • @thomasczthomash1859
      @thomasczthomash1859 2 ปีที่แล้ว +63

      I live in UK. Starbucks was trendy here for a few years and then people realised they were paying top money for shit coffee. The only people who go to Starbucks these days are those who don't know better.

    • @solomonreal1977
      @solomonreal1977 2 ปีที่แล้ว +1

      @@Chironex_Fleckeri and a new....candle now and then?

    • @doncosmopolitan
      @doncosmopolitan 2 ปีที่แล้ว +42

      Starbucks is the go-to for basic rich white girls. No wonder the cash flow for the company is insane.

  • @jooky87
    @jooky87 3 ปีที่แล้ว +24

    The genius of naming it “Star” “Bucks” now has a whole new meaning... future digital currency...

  • @TheSecondVersion
    @TheSecondVersion 3 ปีที่แล้ว +1848

    Polymatter: McDonald's is a landlord, Starbucks is a bank
    Calling it, Spotify is a private military contractor

    • @bisonbro7
      @bisonbro7 3 ปีที่แล้ว +44

      Google is a PMC.

    • @ADeeSHUPA
      @ADeeSHUPA 3 ปีที่แล้ว +4

      @@bisonbro7 PMC

    • @lelaweber47
      @lelaweber47 3 ปีที่แล้ว +11

      Starbucks offers free Spotify premium for its employees

    • @user-ks9db9bq7l
      @user-ks9db9bq7l 3 ปีที่แล้ว +5

      @@name3256 I thought it was Coca-Cola!

    • @NorroTaku
      @NorroTaku 3 ปีที่แล้ว +11

      Samsung has a military I heard

  • @kristenhoeve638
    @kristenhoeve638 3 ปีที่แล้ว +1459

    next video: Target is Really an Adult Daycare

  • @TrangleC
    @TrangleC 3 ปีที่แล้ว +166

    Small town friendliness is the last thing I think of, when thinking of the typical Starbucks barista.

    • @swish043
      @swish043 2 ปีที่แล้ว +12

      Starbucks has much better customer service than the usual standard where I live.

    • @renerpho
      @renerpho 2 ปีที่แล้ว

      There is no Starbucks within 70 miles of where I live. However, if I'd go to the closest one, I could choose among 8 Starbucks within walking distance.

  • @AREALLYBIGSPOON
    @AREALLYBIGSPOON 3 ปีที่แล้ว +79

    "why starbucks is actually a bank" video starts at 7:02

    • @eggs2627
      @eggs2627 2 ปีที่แล้ว +3

      Ik, dude could have just dismissed all the bullshit in the beginning

    • @onatkalkan4907
      @onatkalkan4907 2 ปีที่แล้ว +2

      @@eggs2627 he needs to explain why they did this. That’s the point of the channel, explain different business strategies, and companies and detail why and how they worked and will work

    • @turboleggy
      @turboleggy 2 ปีที่แล้ว +1

      Wish I saw this earlier im at 5:45 and too invested to skip now

  • @abdulalhamodt
    @abdulalhamodt 3 ปีที่แล้ว +7440

    This channel makes me second guess all my knowledge. What next, McDonald’s is a real estate company? 😂

    • @bork9570
      @bork9570 3 ปีที่แล้ว +870

      Just waiting for the r/whoosh

    • @Anil.Asrani
      @Anil.Asrani 3 ปีที่แล้ว +455

      Hahaha, underrated comment

    • @manke7830
      @manke7830 3 ปีที่แล้ว +67

      💀💀💀

    • @russellfernandez57
      @russellfernandez57 3 ปีที่แล้ว +176

      Wondering if he's serious or kidding

    • @Blockflow
      @Blockflow 3 ปีที่แล้ว +208

      @@russellfernandez57 he’s kidding

  • @bork9570
    @bork9570 3 ปีที่แล้ว +1635

    Now you can tell bank robbers “Sir, this is a Starbucks”

    • @hassanoffical181
      @hassanoffical181 3 ปีที่แล้ว +1

      Yo guys check out this funny minecraft video: th-cam.com/video/MRgshlm_zOc/w-d-xo.html

    • @Thestin
      @Thestin 3 ปีที่แล้ว +38

      @@hassanoffical181 nein!

    • @bork9570
      @bork9570 3 ปีที่แล้ว +32

      @@hassanoffical181 *S i l e n c e BOT*

    • @hassanoffical181
      @hassanoffical181 3 ปีที่แล้ว +3

      @@bork9570 I'm not a bot ☹️

    • @hassanoffical181
      @hassanoffical181 3 ปีที่แล้ว +4

      @@Thestin yes

  • @gabrielvarig
    @gabrielvarig 3 ปีที่แล้ว +23

    I’m not a financial mogul or anything, so watching this makes me that much prouder that I figured out Starbucks had become a bank back in 2015.

  • @chasestubblefield
    @chasestubblefield 3 ปีที่แล้ว +116

    "it's sorta liquid, not just because you can convert it to coffee.' -niiiiice

    • @MichaelWaisJr
      @MichaelWaisJr 2 ปีที่แล้ว +1

      And it tastes really nutty too!!! (Mmmmm!!! Sewage water! Yummy!)

  • @exyl_sounds
    @exyl_sounds 3 ปีที่แล้ว +2459

    it aint a polymatter video without china being somewhere in it 5:24 🗿

    • @golfredomendoza7175
      @golfredomendoza7175 3 ปีที่แล้ว +36

      I think it is the other way arpund since china tries to control the world

    • @photonicpizza1466
      @photonicpizza1466 3 ปีที่แล้ว +136

      @@golfredomendoza7175 It isn't China without a Polymatter video somewhere in it?

    • @tsegatesfaye7368
      @tsegatesfaye7368 3 ปีที่แล้ว +53

      it ain't a wendover production video without planes in it

    • @SECONDQUEST
      @SECONDQUEST 3 ปีที่แล้ว +8

      @@tsegatesfaye7368 it ain't practical engineer without "Hi, I'm Graddy"

    • @user-ty2fm3ge9m
      @user-ty2fm3ge9m 3 ปีที่แล้ว +37

      It aint an educational youtube channel without sponsers from brilliant.

  • @hieronymusbotch5156
    @hieronymusbotch5156 3 ปีที่แล้ว +1049

    "McDonald's is a real estate company"
    "Starbucks is a bank"
    "Chili's is a front for the Chinese mafia"

    • @empoleonmaster6709
      @empoleonmaster6709 3 ปีที่แล้ว +39

      That’s funny but not too far off, apparently nearly all olive oil from Italy is controlled by the mafia

    • @nk6197
      @nk6197 3 ปีที่แล้ว +19

      That would explain why my local chili’s burned down

    • @gafcat585
      @gafcat585 3 ปีที่แล้ว +2

      @@empoleonmaster6709 You mean Genco's oil?

    • @user-pq1lb2ex9f
      @user-pq1lb2ex9f 3 ปีที่แล้ว +1

      @@nzf-kx2qol1g12 Yes?

    • @kokop1107
      @kokop1107 3 ปีที่แล้ว

      Not completely untrue

  • @ShihammeDarc
    @ShihammeDarc 3 ปีที่แล้ว +89

    Polymatter: Not everyone should code
    Also Polymatter: Everyone should learn computer science at brilliant

    • @JohnnyBooi
      @JohnnyBooi 3 ปีที่แล้ว

      Funny cause in that video he specifically mentioned how coding and computer science are different thinfs

    • @ShihammeDarc
      @ShihammeDarc 3 ปีที่แล้ว +2

      @@JohnnyBooi he also mentioned coding is something you can learn in online courses, computer science needs a degree.

    • @Danish_Khan1021
      @Danish_Khan1021 3 ปีที่แล้ว +1

      69th like

  • @justimproveatlife
    @justimproveatlife 3 ปีที่แล้ว +76

    "Starbucks is a bank"
    "McDonalds is a real estate company"
    Next video:
    "Burger King is a car company"

    • @jimmyzhao9748
      @jimmyzhao9748 3 ปีที่แล้ว +5

      no sir, Apple is the Car Company.

    • @brianwalendy3735
      @brianwalendy3735 3 ปีที่แล้ว +3

      That means that in some universe, Arby's is a roast beef company. Whoa...

    • @brianwalendy3735
      @brianwalendy3735 3 ปีที่แล้ว +1

      Whoosh, Jimmy. Whoosh as fuck

    • @newcoc4105
      @newcoc4105 3 ปีที่แล้ว +2

      Dominoes is tech company and kfc a gaming soon

    • @yingchen5266
      @yingchen5266 3 ปีที่แล้ว +1

      @@jimmyzhao9748 对韭当割 人生几何

  • @eddiestilll
    @eddiestilll 3 ปีที่แล้ว +731

    short answer: customers put lots of $ in their starbucks card before they even make a purchase, which is the "bank" dat starbucks is getting $ from

    • @RussianBot69420
      @RussianBot69420 3 ปีที่แล้ว +17

      Thanks

    • @alextorchia2289
      @alextorchia2289 3 ปีที่แล้ว +17

      that’s what I guessed it would be

    • @godfather7339
      @godfather7339 3 ปีที่แล้ว +36

      Hmm they made a 10 minute video from this, classic TH-cam.
      I don't know if it was only in my country or not, but there was a bank which gave home loans, so to apply for a home loan, you had to pay some money, now their model was to earn money from these applications, and loan that money.

    • @whiteduck5563
      @whiteduck5563 3 ปีที่แล้ว

      Tnx for the comment

    • @untitled4841
      @untitled4841 3 ปีที่แล้ว +2

      thanks for the tl;dr

  • @drewnolde2674
    @drewnolde2674 3 ปีที่แล้ว +72

    This video was like a magic trick.
    At first I was like “how can they be a bank that makes no sense.”
    Then I had kinda forgotten about the bank premise once we were deep into the history of Starbucks, and by the time he mentioned the Starbucks card I was thinking of this as more of a Company Man video. Like “oh cool so that concept helped save the company.”
    Then BOOM he hits us with the Largest Banks graph from earlier in the video and I was like “WOAH THEY’RE A FUCKING BANK HOLY SHIT”

  • @m53goldsmith
    @m53goldsmith 2 ปีที่แล้ว +15

    09:50 "an unregulated bank" -- yep, any outlet from which you buy gift certs or make use of a top-up account (amazon comes to mind) is doing exactly this. And the breakage definitely makes it worthwhile. Also, should the company go out of business, it would most likely take a class action lawsuit to get the money back, as card holders are not considered "creditors".

    • @CJT3X
      @CJT3X 2 ปีที่แล้ว +4

      You can’t sue a non-existent company though

  • @stellarcircle9
    @stellarcircle9 2 ปีที่แล้ว +84

    this is seven minutes of a Starbucks history lesson and three minutes of why Starbucks is actually a bank

    • @gab_gallard
      @gab_gallard 2 ปีที่แล้ว +9

      The context is important to understand their move fully.

    • @thelastcube.
      @thelastcube. 2 ปีที่แล้ว

      pretty much, it was enjoyable tho

    • @user-so3nj7rj1d
      @user-so3nj7rj1d 2 ปีที่แล้ว +1

      @@gab_gallard no, not at all

    • @gab_gallard
      @gab_gallard 2 ปีที่แล้ว +1

      @@user-so3nj7rj1d Of course it is. Do you really think everyone in the world knows what Starbucks is all about? I didn't know about this card system they have for example since I'm not a customer. Without that vital piece of information and understanding the impact it had in their business practice I wouldn't have understood anything.

    • @user-so3nj7rj1d
      @user-so3nj7rj1d 2 ปีที่แล้ว +2

      @@gab_gallard he could have explained it in 2 minutes or so.

  • @bayuchemist
    @bayuchemist 3 ปีที่แล้ว +783

    "Starbucks is a bank"
    "McDonald's is a real estate company"
    next video: "KFC is in pc master race"

    • @YoniIsrael
      @YoniIsrael 3 ปีที่แล้ว +25

      well MatPat already have a video on how KFC won the Console war

    • @antoinemorin1816
      @antoinemorin1816 3 ปีที่แล้ว +56

      KFC is actually one of Asia's biggest music distributors, which is even weirder in my opinion

    • @dionysianapollomarx
      @dionysianapollomarx 3 ปีที่แล้ว +5

      @@antoinemorin1816 blew my mind

    • @johnnypham2850
      @johnnypham2850 3 ปีที่แล้ว +2

      @UCRKY1Fq_ic9Vphqi43jMDLg A variety of opinions is healthy unless one loves oppression and is vehement regarding their predilect of totlitarianism and autocracy.

    • @hansredbaron4689
      @hansredbaron4689 3 ปีที่แล้ว +5

      And Apple is actually a cult while Facebook, serves a social experiment by our alien overlord horribly gone wrong

  • @russellfernandez57
    @russellfernandez57 3 ปีที่แล้ว +473

    Me: Mom, I want to be a banker by working at an international bank
    Mom: We have an international bank at home
    International bank at home:

    • @BrownDusky
      @BrownDusky 3 ปีที่แล้ว +7

      Haha not funny

    • @vaiyaktikasolarbeam1906
      @vaiyaktikasolarbeam1906 3 ปีที่แล้ว +4

      maybe instead "home" the word "town" or "neighbourhood"/ Nachbarschaft would be better

    • @russellfernandez57
      @russellfernandez57 3 ปีที่แล้ว +12

      @@vaiyaktikasolarbeam1906 it's the format

    • @-haclong2366
      @-haclong2366 3 ปีที่แล้ว +2

      They do hold liquid assets...

  • @jerodwolf5582
    @jerodwolf5582 3 ปีที่แล้ว +76

    It’s amazing how an empire was made based on the principle of making bad coffee

    • @MrTaylork1
      @MrTaylork1 2 ปีที่แล้ว +1

      It was based on buying 1 cup of coffee to go.

    • @mohamedkabha8838
      @mohamedkabha8838 2 ปีที่แล้ว +6

      Based on sugar, not the first one at that

    • @mahfuzkabir7812
      @mahfuzkabir7812 2 ปีที่แล้ว +3

      It’s not my go to. But I wouldn’t say it’s bad. There’s a lot of bad coffee out there lol

  • @MapleLoverX57
    @MapleLoverX57 3 ปีที่แล้ว +3

    "Starbucks is known everywhere as THE coffee shop."
    Canada : That's not how you spell Tim Hortons.

    • @josephfox9221
      @josephfox9221 2 ปีที่แล้ว +2

      american here. Tim Hortons is 10 times better than starbucks.

  • @dumbeh
    @dumbeh 3 ปีที่แล้ว +468

    next: why delta airlines is actually a pyramid scheme

    • @mikopiko
      @mikopiko 3 ปีที่แล้ว +30

      Hol up, you are on to something

    • @TV---kn2rl
      @TV---kn2rl 3 ปีที่แล้ว +1

      I can imagine Iilluminaughtii doing a video like that lol

    • @FrozenBusChannel
      @FrozenBusChannel 3 ปีที่แล้ว +1

      Hold up

    • @hunterbartley7071
      @hunterbartley7071 3 ปีที่แล้ว +1

      Didn’t we already know this? Lol

    • @mostawesomestnamever
      @mostawesomestnamever 3 ปีที่แล้ว +1

      But how?

  • @carsreallysuck
    @carsreallysuck 3 ปีที่แล้ว +41

    4:00 Japan didn’t have the first international Starbucks. The first international Starbucks came a decade prior to Japan’s. It opened in 1987 in Vancouver Canada at waterfront station.

    • @suny0818
      @suny0818 2 ปีที่แล้ว +5

      The moment when you realised Americans thought Canada was just another one of its state which speaks with a slightly different accent and really good at dealing with cold

    • @carsreallysuck
      @carsreallysuck 2 ปีที่แล้ว +6

      @Cancer McAids My free healthcare is very real...

    • @grrandram
      @grrandram 2 ปีที่แล้ว

      Maybe they meant overseas or on another continent? Canadia is international. ;)

    • @altarriq
      @altarriq 2 ปีที่แล้ว +2

      @@grrandram Not what Inter”national” would mean.

  • @hsy831
    @hsy831 3 ปีที่แล้ว

    Thank you so much for all the work you put into this video!

  • @ChristianHernandez814
    @ChristianHernandez814 3 ปีที่แล้ว +5

    Starts at 7:05 (if you don't want to waste your time)

  • @60secondfinance81
    @60secondfinance81 3 ปีที่แล้ว +347

    Next video on Wendover:
    The logistics of Starbucks banks

    • @MadhavVij
      @MadhavVij 3 ปีที่แล้ว +17

      Which would have a nice Segway to planes in some way

    • @MadhavVij
      @MadhavVij 3 ปีที่แล้ว +3

      @Jack Attack Your face looks like a Dwight.. your words sounds like an Oscar, which are you?

    • @owennilens8892
      @owennilens8892 3 ปีที่แล้ว +1

      I dunno, it might only be half as interesting

    • @TorreFernand
      @TorreFernand 3 ปีที่แล้ว +1

      @@MadhavVij I think it will have a segue way into Segways

    • @MadhavVij
      @MadhavVij 3 ปีที่แล้ว

      @@TorreFernand My bad! :D

  • @zami5534
    @zami5534 3 ปีที่แล้ว +560

    "McDonald's is a real estate company"
    "Starbucks is a bank"
    next video: "Pepsi sells smartphones"
    edit: why is everyone copying my comment this was my idea....

    • @trevorboland4294
      @trevorboland4294 3 ปีที่แล้ว +28

      @@hammerth1421 *navy

    • @danieltsiprun8080
      @danieltsiprun8080 3 ปีที่แล้ว +3

      @@hammerth1421
      th-cam.com/video/nqCSxyudKHY/w-d-xo.html
      It is time to bust this myth.

    • @hammerth1421
      @hammerth1421 3 ปีที่แล้ว

      @@trevorboland4294 Oh, yeah. Languages...

    • @charliemaybe
      @charliemaybe 3 ปีที่แล้ว +7

      pepsi is a military

    • @TheRacingShawn
      @TheRacingShawn 3 ปีที่แล้ว

      Lol, I remember Pepsi selling sneakers in Asian market in early 2000...

  • @Nathan-cz8uk
    @Nathan-cz8uk 3 ปีที่แล้ว +69

    why is like 7 minutes of this just the history of starbucks

    • @WeAreChecking
      @WeAreChecking 3 ปีที่แล้ว +9

      Probably because the explanation of how it's a bank isn't actually that long-winded, and I thought the history was pretty valuable but ymmv

    • @reddragon9918
      @reddragon9918 3 ปีที่แล้ว

      Because it's necessary

    • @ruthiemuqatach5942
      @ruthiemuqatach5942 3 ปีที่แล้ว +2

      No, this video only heeded to be 4 minutes

    • @eduardochavacano
      @eduardochavacano 3 ปีที่แล้ว

      Johnathan Meili because it is just an Ad. it resorted to click baiting.

    • @afifsyafiq9898
      @afifsyafiq9898 3 ปีที่แล้ว +1

      must be minimum 10 mins to get ads revenue, i think

  • @markwilk
    @markwilk 2 ปีที่แล้ว +7

    Fascinating. And one has to somehow admire the business acumen, at least over recent years.

  • @konnery2751
    @konnery2751 3 ปีที่แล้ว +168

    "McDonald's is a real estate company"
    "Starbucks is a bank"
    Next Video: “Apple is a grocery store”

    • @dj5449
      @dj5449 3 ปีที่แล้ว +1

      He has one about apple being a gaming company

    • @tedarcher9120
      @tedarcher9120 3 ปีที่แล้ว +1

      Apple is a slave owner lol

    • @AkunSayaYT
      @AkunSayaYT 3 ปีที่แล้ว +4

      Apple is kinda financial company with their apple card 😂

    • @hwg5039
      @hwg5039 3 ปีที่แล้ว +5

      “Amazon is a tropical forest”

    • @dogcat823
      @dogcat823 3 ปีที่แล้ว

      @@AkunSayaYT apple has about $191 Billion in crash on
      Hand

  • @napoleonibonaparte7198
    @napoleonibonaparte7198 3 ปีที่แล้ว +119

    “Personalise each cup with the customer’s name”
    You didn’t have to misspell my name to personalise it...

    • @aryansingh2199
      @aryansingh2199 3 ปีที่แล้ว +9

      they have to give it a human touch

    • @nahor88
      @nahor88 3 ปีที่แล้ว +1

      Every American with an ethnic name can share in the annoyance of vendors doing this. Just give me a fucking ORDER NUMBER. It's accurate and efficient.

    • @sexygeek8996
      @sexygeek8996 3 ปีที่แล้ว

      Sometimes they make up their own names for you.

    • @FFriday
      @FFriday 3 ปีที่แล้ว

      @@nahor88 Yes, finally someone said it

    • @atomic_wait
      @atomic_wait 3 ปีที่แล้ว +1

      @@nahor88 I've seen mine spelled so many interesting ways, I've started looking forward to it as a special surprise 😉. Collumn, Caleb, Calvin, Colin, Colon, Kallem, etc but rarely Calum. Every order is an adventure!

  • @tendies
    @tendies 3 ปีที่แล้ว +1

    Thank you for the video, I learned a lot from you over the years!

  • @whollypotatoes
    @whollypotatoes 2 ปีที่แล้ว +3

    7 minutes until they actually talk about why Starbucks is a bank. This could have been a 3 minute video.

  • @ihesiulo
    @ihesiulo 3 ปีที่แล้ว +9

    This Starbucks story is more of courage than genius. I am still thinking about the courage to ask people to pay for things they don't want now and convince them that they will need it tomorrow. The magic of brand loyalty and compound interest are on the same level

    • @darthyoda8170
      @darthyoda8170 ปีที่แล้ว +1

      Ye it’s crazy

    • @abasis.baruti9819
      @abasis.baruti9819 4 หลายเดือนก่อน

      Nope. The power of addiction and status.

  • @NoobToobJamarMemes
    @NoobToobJamarMemes 3 ปีที่แล้ว +86

    This is one of those "McDonald's is a not a restaurant" type videos I see. Can't wait to watch!!

    • @hassanoffical181
      @hassanoffical181 3 ปีที่แล้ว +1

      Yo guys check out this funny minecraft video: th-cam.com/video/MRgshlm_zOc/w-d-xo.html

    • @ba-wp5zs
      @ba-wp5zs 3 ปีที่แล้ว +12

      @@hassanoffical181 Can you not? Reporting all of these for spam.

    • @MichaelWaisJr
      @MichaelWaisJr 2 ปีที่แล้ว

      McDonald’s is a bus station!

    • @MichaelWaisJr
      @MichaelWaisJr 2 ปีที่แล้ว +2

      7-11 is a retail crack-cocaine dealership!

    • @MichaelWaisJr
      @MichaelWaisJr 2 ปีที่แล้ว

      Souplantation is a comedy club!!

  • @kolbyjackcorgi
    @kolbyjackcorgi 3 ปีที่แล้ว +7

    I realized this years ago when I first got a SB card and it wouldn't allow for passthrough transactions and I had to load a set minimum amount of money on the card to make a rewards purchase. You couldn't even release the funds to your bank account. You had to spend the remaining balance at starbucks. Stopped using their rewards right after that realization. Scammy

  • @ZontarDow
    @ZontarDow 3 ปีที่แล้ว +6

    Me going in: "This will be funny"
    Me coming out: "Well that's horrifying"

  • @Dan-oj4iq
    @Dan-oj4iq 3 ปีที่แล้ว +37

    I used to always keep at least $100 in my Starbucks "bank". Since the pandemic I never go to Starbucks anymore because I can no longer sit down at a table.
    I may be wrong but I'd guess that I am not the only Starbucks customer in the world who has stopped "banking"

  • @pinkgoergefloyd8340
    @pinkgoergefloyd8340 3 ปีที่แล้ว +93

    Me going to StarBucks
    *”Yes I would like to withdraw 100 CoFFee BeAns PlEaSe”*

    • @nickvangeel
      @nickvangeel 3 ปีที่แล้ว

      This better be a futurama reference

    • @hassanoffical181
      @hassanoffical181 3 ปีที่แล้ว

      Yo guys check out this funny minecraft video: th-cam.com/video/MRgshlm_zOc/w-d-xo.html

  • @jwillisbarrie
    @jwillisbarrie 3 ปีที่แล้ว

    Thanks for adding actual captions to your video.

  • @knowledgeapplied
    @knowledgeapplied 3 ปีที่แล้ว

    10:03 Nice transition to your sponsor....it was so smooth, that I didnt even notice it, at first. :)

  • @tomvandijk9706
    @tomvandijk9706 3 ปีที่แล้ว +38

    “Starbucks is THE coffeeshop” from a dutch perspective is this quite wrong

    • @kevinvanveen3260
      @kevinvanveen3260 3 ปีที่แล้ว +10

      Same goes for italy and a lot other countries that had a strong local cafe infrastructure prior to starbucks.

    • @theoutsider8745
      @theoutsider8745 3 ปีที่แล้ว +8

      Also from an Australian perspective, Starbucks more or less failed here lol.

    • @dennisdonncha
      @dennisdonncha 3 ปีที่แล้ว +3

      Surely for all of Europe? On an average day wandering around Stockholm, I don’t go past any Starbucks and I never see a Starbucks cup in anyone’s hand.

    • @blackrabbit212
      @blackrabbit212 3 ปีที่แล้ว +1

      Starbucks is popular here in Alberta, Canada, but that's only because people have no taste. Or tastebuds when it comes to that.

    • @sashagallaway1945
      @sashagallaway1945 3 ปีที่แล้ว

      Well it's THE coffee shop in America

  • @LinkachuHQ
    @LinkachuHQ 3 ปีที่แล้ว +69

    Funnily enough a Starbucks was built in my area's old/empty Captial One bank

    • @godzella4676
      @godzella4676 3 ปีที่แล้ว +2

      The one by my house is in and old fifth third bank too. They even use the big safe as seating.

    • @joelbruck66
      @joelbruck66 3 ปีที่แล้ว

      One in my town went into an old PNC

  • @retak4110
    @retak4110 3 ปีที่แล้ว +39

    Where I live, starbucks is regarded just like apple: a place where people drink coffee as a status symbol more than to have a nice cup of coffee. People here consider them both to be overpriced, too.

    • @m.o.n.d.e.g.r.e.e.n
      @m.o.n.d.e.g.r.e.e.n 2 ปีที่แล้ว +3

      where i live starbucks is not seen as classy it's like mcdonalds here but where i live there are like a million indie coffee places so it's one of those bubbles

    • @heroe1486
      @heroe1486 2 ปีที่แล้ว +1

      @@m.o.n.d.e.g.r.e.e.n You seem to live in a normal place where something that could be described as the fast food of coffee shops is considered as it.

    • @remistach
      @remistach 2 ปีที่แล้ว

      Do you live in Poland? :D

    • @AliAhmed63708
      @AliAhmed63708 2 ปีที่แล้ว

      Apple provides somehwat unparallel utlility tho.

    • @notstarboard
      @notstarboard 2 ปีที่แล้ว

      @@AliAhmed63708 Well, them and everyone else who makes phones. Apple has a well-earned reputation for being overpriced, and its products certainly are viewed as status symbols.

  • @jasonwaterfalls2935
    @jasonwaterfalls2935 3 ปีที่แล้ว +2

    I've watched enough Polymatter videos to now correctly identify the transition to ads

  • @sylvanfranklin6904
    @sylvanfranklin6904 3 ปีที่แล้ว +94

    McDonald’s: real estate
    Starbucks: bank
    Google: beverage company

    • @primeroyal7434
      @primeroyal7434 3 ปีที่แล้ว +3

      Google is an oil company :)

    • @keshavbhanu5788
      @keshavbhanu5788 3 ปีที่แล้ว +1

      Google is an advertising company

    • @primeroyal7434
      @primeroyal7434 3 ปีที่แล้ว +3

      @@keshavbhanu5788 The moment you realize Google is monopoly in everything...

    • @keshavbhanu5788
      @keshavbhanu5788 3 ปีที่แล้ว

      @@primeroyal7434 Google has a monopoly on information 💁‍♂️

    • @hansredbaron4689
      @hansredbaron4689 3 ปีที่แล้ว +1

      Facebook: alien's social experiment horribly gone wrong

  • @pendiemz
    @pendiemz 3 ปีที่แล้ว +22

    While everyone is making fun of these video titles, I just wanna say it's really insightful and interesting. Pls make more of these!

  • @LeapfrogCrypto
    @LeapfrogCrypto 3 ปีที่แล้ว

    Love the video - dropped a like before even seeing because it's a Polymatter original.

  • @sanbetski
    @sanbetski 3 ปีที่แล้ว

    thank you for this incredible insight!

  • @muhammadhaji5017
    @muhammadhaji5017 3 ปีที่แล้ว +54

    In conclusion: Starbucks learnt computer science by using Brilliant!

  • @Jdalio5
    @Jdalio5 3 ปีที่แล้ว +12

    Im going to put up a "Starbucks coming soon" sign in my neighborhood. Blow a realestate bubble.

  • @michealhyatt521
    @michealhyatt521 3 ปีที่แล้ว

    Good insight with production value

  • @jimmyzhao9748
    @jimmyzhao9748 3 ปีที่แล้ว +6

    "Starbucks is a bank"
    "McDonalds is a real estate company"
    "Apple is a car company"

    • @jimmyzhao9748
      @jimmyzhao9748 3 ปีที่แล้ว +2

      Ford is a Scrap Metal Company

    • @tkgwildfire5339
      @tkgwildfire5339 3 ปีที่แล้ว +1

      Apple's a music distributor.

    • @yingchen5266
      @yingchen5266 3 ปีที่แล้ว +1

      China is a planet. Japan is a retirement home. USA is a Trump real estate

    • @MBarberfan4life
      @MBarberfan4life 2 ปีที่แล้ว

      Apple is a marketing company

  • @maryhildreth754
    @maryhildreth754 3 ปีที่แล้ว +24

    I once went to Starbucks with my youngest daughter. She is 25. I ordered a medium black coffee. It wasnt a problem to get that, they didnt question it, but they looked at me like I had three heads. When I said my name is Mrs Hildreth they looked at me like I had six heads lol.

    • @wildoutstandingworld4066
      @wildoutstandingworld4066 3 ปีที่แล้ว +8

      yea because it's not a place that sells qualiy coffee, peoplego there for their sugar addicion and perceived status

    • @prometheus9096
      @prometheus9096 2 ปีที่แล้ว

      Haha i had the same experience. I ordered coffee and the barista stared to list all sorts of "coffee" they sell. I again said "coffee black". He looked at me as if i was an alien.

    • @prometheus9096
      @prometheus9096 ปีที่แล้ว

      @@eugenekrabs2289 Someone who wants a coffee? There are 100 reasons why you couldn't have made the coffee at home? Maybe you already late? You didn't even intended to drink a coffee but maybe you have to wait and said to yourself, well lets get a coffee then...
      What a stupid reasoning is that?

  • @ethans6539
    @ethans6539 3 ปีที่แล้ว +3

    Just commenting to give you more engagement bc I love your channel

  • @blackrevenue8421
    @blackrevenue8421 3 ปีที่แล้ว

    Thank you so much for this 🔥🔥🔥

  • @dylankowlessar6296
    @dylankowlessar6296 3 ปีที่แล้ว

    Great video! Super underrated

  • @Ari-zp4dd
    @Ari-zp4dd 3 ปีที่แล้ว +164

    This is genius. They’ll
    Never lose money like that
    *looking to buy sturbux stock*

    • @ss12363
      @ss12363 3 ปีที่แล้ว +8

      Stonk!!

    • @heythere9707
      @heythere9707 3 ปีที่แล้ว +5

      I lost $50 on Starbucks stock

    • @alextorchia2289
      @alextorchia2289 3 ปีที่แล้ว

      *sturbux*

    • @willvandermeer4733
      @willvandermeer4733 3 ปีที่แล้ว +1

      Careful. Their ultra liberal views might hurt themselves eventually

    • @arjunkatyal7281
      @arjunkatyal7281 3 ปีที่แล้ว

      They were also facing another problem of having high level of sugar so u may wanna look into that before making any decision

  • @caleb.z
    @caleb.z 3 ปีที่แล้ว +4

    Why PolyMatter is Actually a Great Channel

  • @oda_margrethe
    @oda_margrethe 2 ปีที่แล้ว +3

    This ‘Starbucks card’ makes me realise how laundromats can make so good money - when I moved from my student housing, I still had unused money on the laundry company account. Guess lots of other people did the same as well.

  • @lukeostrowski9017
    @lukeostrowski9017 3 ปีที่แล้ว +7

    This is basically what Costco does with the executive member 2% reward

  • @primeroyal7434
    @primeroyal7434 3 ปีที่แล้ว +12

    World: *literally dying into chaos*
    Polymatter: sup, da cofe u drink is a bank

  • @umbrellacorporationwuhanfa3731
    @umbrellacorporationwuhanfa3731 3 ปีที่แล้ว +7

    I've had $86 on my mobile Starbucks card for the past 6 months.
    Just as good as cash especially in a crunch.
    People would keep $100s on there SB card.
    When it first launched the rewards program was incredible.
    Not so much anymore.

  • @---ml4jd
    @---ml4jd 3 ปีที่แล้ว

    the graphics of ur vids are insane

  • @ScottiStudios
    @ScottiStudios 3 ปีที่แล้ว +6

    8:55 no, but they have to keep lots of coffee in case of mass caffeine withdrawals...

  • @DyslexicMitochondria
    @DyslexicMitochondria 3 ปีที่แล้ว +162

    I am making a video about the same topic haha

    • @tomhappening
      @tomhappening 3 ปีที่แล้ว +5

      lmao

    • @hassanoffical181
      @hassanoffical181 3 ปีที่แล้ว

      Yo guys check out this funny minecraft video: th-cam.com/video/MRgshlm_zOc/w-d-xo.html

    • @topsecret1837
      @topsecret1837 3 ปีที่แล้ว +3

      @@hassanoffical181
      What are ya trying to do, the Great TH-cam community exploit? Up yours, spamma!

    • @martinketchum
      @martinketchum 3 ปีที่แล้ว

      sounds like something I'd do

  • @cliffh.3279
    @cliffh.3279 3 ปีที่แล้ว +7

    Average Starbucks drinker:🍤🤓
    Average Tim’s enjoyer: 🍆😎

  • @joelchavez2374
    @joelchavez2374 3 ปีที่แล้ว

    Yooo I’m so fried dawg I love watching ur videos while I high and man ur voice dawg I get so lost that I rewind the video 3 times but I learn so much thank you much support

  • @siddharthsazzala311
    @siddharthsazzala311 3 ปีที่แล้ว

    Amazing Channel Bro

  • @namanchopra_707
    @namanchopra_707 3 ปีที่แล้ว +5

    The way he transitioned from the video to sponsored content, I ended up watching all of it.

  • @johnmichael642
    @johnmichael642 3 ปีที่แล้ว +3

    I think you missed saying a very important part: you cant just pay for your starbucks drink, you have to add a certain amount of money first, and then pay for your drink from the money in your account. That's how it's different than other online food & drink ordering

  • @sagacious03
    @sagacious03 3 ปีที่แล้ว

    Okay video! Thanks for uploading!

  • @piyushpatel2836
    @piyushpatel2836 3 ปีที่แล้ว

    One of the best thumbnails I've ever seen of a educational channel

  • @jithin_zac
    @jithin_zac 3 ปีที่แล้ว +6

    The way PolyMatter makes the transition from the content to the promotion is butter smooth!

    • @_annoyed4692
      @_annoyed4692 2 ปีที่แล้ว +1

      haha, I don't know. If he says things like _"Starbucks grew thanks to ... the taste of its coffee.."_ people _will_ get suspicious.

  • @ladasodaexplains3355
    @ladasodaexplains3355 3 ปีที่แล้ว +12

    "They put crack in their coffee"
    Says a lot of people who are addicted to Starbucks, like me

  • @sillygoosegoose
    @sillygoosegoose 3 ปีที่แล้ว +1

    i used to work in a starbucks in the UK and people here as a rule hate the starbucks loyalty card. the norm for other chain coffee shops is that the loyalty card is something you scan/swipe but you pay with cash/card. once you tell people you have to load money onto the card at starbucks to get the loyalty points, people become very skeptical and give up on the idea. it was only the truly die-hard starbucks regulars who used the app with any regularity. i feel like starbucks doesn't have enough of a market monopoly here (i believe costa is the most popular chain coffee store) for people to feel like loading up a card makes sense.

  • @ilgion2934
    @ilgion2934 2 ปีที่แล้ว

    Congratulations for making a so much incredible video

  • @KingBueno619
    @KingBueno619 3 ปีที่แล้ว +3

    Goes to Star-bucks
    Me: “Can I apply for a car loan?”

  • @Je.rone_
    @Je.rone_ 3 ปีที่แล้ว +5

    This is absolutely genius😮

  • @jcdg6288
    @jcdg6288 3 ปีที่แล้ว +1

    You say there's no Starbucks franchise. But when I went to Milan in 2019, my friend who worked at the big non-franchise Starbucks told me that there were some small Starbucks franchises in the city. I even went to 2 to buy mugs and tumblers which were exclusive to those small franchise and a lot more expensive than what could be bought in the non-franchise Starbucks.

  • @mr.greenthumblawnresponse6782
    @mr.greenthumblawnresponse6782 2 ปีที่แล้ว

    Great video! Not to mention thats a great move for starbucks, especially for business.

  • @aaryamangupta
    @aaryamangupta 3 ปีที่แล้ว +4

    After watching 8 minutes of this video.
    Polymatter: It is legally not a bank.
    Me: Why do you waste 8 mins of my time?

  • @jungeunji8289
    @jungeunji8289 3 ปีที่แล้ว +103

    "McDonald's is a real estate company"
    "Starbucks is a bank"
    next video: "CVS is a Hedge Fund"

    • @omaro_o7151
      @omaro_o7151 3 ปีที่แล้ว

      might as well be in the right perspective

  • @Fashionlifestyle_Official
    @Fashionlifestyle_Official 3 ปีที่แล้ว +1

    Thank you for sharing!Hope everybody here becomes successful on TH-cam🥰

  • @dmtuan
    @dmtuan 3 ปีที่แล้ว

    Great video! Totally mind blowing...

  • @n_0477
    @n_0477 3 ปีที่แล้ว +20

    "Starbucks is known everywhere as THE coffee shop"
    Not in Canada lol

    • @daviddarcy1413
      @daviddarcy1413 3 ปีที่แล้ว +7

      Bombed in Australia 🇦🇺 We like great coffee from small individual outlets

    • @n_0477
      @n_0477 3 ปีที่แล้ว +2

      @@daviddarcy1413 I heard about that, something about an established small business coffee culture, very neat
      It does ok here but is definitely out performed by Tim Hortons in regards to coffee, Starbucks is more where you go to get fancy sweet drinks which are absurdly overpriced

    • @swish043
      @swish043 2 ปีที่แล้ว +1

      It is where I am in Canada.

    • @jinarose5374
      @jinarose5374 2 ปีที่แล้ว

      As a Torontonian going to Vancouver DT was surprising. How are there so few Timmie’s?

  • @shinyshinythings
    @shinyshinythings 2 ปีที่แล้ว +3

    Totally. It is a bank as much as a fast food and drink place. When I was living in the US, my Gold card was right next to my debit card in my wallet. I had my real money, and then I had my “Starbucks money” - which of course could only be spent at Starbucks. My reward for doing this was that I could get free Starbucks merch, which I could in theory resell, thanks to eBay (and to Starbucks for always varying their cup designs). I even made “interest” on my “Starbucks savings”, by buying my Starbucks gift cards at a store that gave cash rewards, and then transferring the gift card value to my Gold card. It was a core part of the economic engine of my life. And when and if I go home I’ll probably go right back to it! (Sometimes I wonder if my baristas miss me because I went to the same ones every day!)

  • @sumihouston5540
    @sumihouston5540 ปีที่แล้ว +1

    The best thing about Starbucks is their wifi. Sadly, a lot of the stores in CA are now removing outlets so you can’t work for long. I travel and have relied on Starbucks to be able to work for an hour at a time. I always order food and coffee as well as tip the baristas very well. I’ve already started to look for alternative places to work. Panera’s being one

  • @TheSpiritualNomad
    @TheSpiritualNomad 2 ปีที่แล้ว

    Great video!

  • @NickCBax
    @NickCBax 3 ปีที่แล้ว +12

    You missed two things:
    1. Starbucks's first international expansion was to Canada. Yeah Canada is its own country, its not just USA-North.
    2. One of the big things that makes a bank is that they can loan more money out than they have on deposit. Thats right, if a bank has a hypothetical $100 on deposit, they can loan out $1,000 or so. So yeah Starbucks has a significant amount of deposits, but the only way they can make money on that is by investing it somewhere or loaning it to someone else.

    • @shelbynamels973
      @shelbynamels973 2 ปีที่แล้ว

      Surface=level, you are right, but you miss one thing: The money Starbuck has "on deposit" is not going to be paid out in cash, but rather in food and drinks.
      Since we know that Starbucks is making an obscene amount of profit compared to what it costs to brew a cup of coffee, they are returning 1000 dollars in "value", while using only 10 pct or so in the raw materials needed to create that 'value'.
      Put another way, whereas a bank needs to take in a deposit first before they can loan on it and make a profit, Starbucks already made the profit as soon as a customer put money on a card or app.

    • @NickCBax
      @NickCBax 2 ปีที่แล้ว

      @@shelbynamels973 Eh, your understanding of Starbucks's profit margin isn't correct. They're making something like 20% profits. (Raw materials is not all of the costs of serving your coffee, there is labor, facilities, transportation, and more.)
      But in any case you're not saying that they're a bank either. Lots of companies take money and exchange it for a product, Starbucks is just taking the money earlier than others, but they still have to provide the product. (Assuming that the card gets redeemed, and I'd gander a significant percentage of money on Starbucks cards get redeemed.)

    • @shelbynamels973
      @shelbynamels973 2 ปีที่แล้ว

      @@NickCBax I'm re-posting again, it looks like me initial response hasn't been picked up.
      To paraphrase, our disagreement about Starbucks' profit is about the size, not the fact that there is one. Our quibble is about the inputs, and by how much they affect the company's bottom line.
      Many companies issue gift cards, but I imagine very few sit on a pile worth 1.5 billion that costs them 0 pct in interest.
      Also, a lot of gift cards - the dirty little secret in the industry - never get redeemed.
      That is the 'breakage' the video referred to. A quick online search put that figure at around 20 pct of all gift cards. That is money Starbucks gets to keep without ever providing any kind of value for in cash, food or drink.

    • @NickCBax
      @NickCBax 2 ปีที่แล้ว

      @@shelbynamels973
      I'd really like to know a bit more about the numbers. That $1.5B is a snapshot on a specific date. It is possible, and likely that a significant chunk of that will be spent in the month after that snapshot. (Starbucks has revenue of about $24.5b, so figure they do about 2 billion of revenue per month.)
      What would be more interesting to know is how the amount the unredeemed gift cards have changed over the years and quarters. I'm also curious if the restructure of their rewards program (allowing people to earn rewards without using a Starbucks card) has reduced the amount of unredeemed gift cards they have on their balance sheet.
      Also, that money isn't completely free. There is a fair bit of infrastructure around gift cards that Starbucks has to stand up. Including making the cards themselves. So while its a 0% loan, they do have costs from that, which I'm sure are covered by the breakage.
      A bank almost always engages in fractional banking. They take a deposit of $100, and then they can lend $1,000. That is one of the core fundamentals of being a bank. A bank could not make money if they took a deposit of $100 and could only lend $100 out.
      The key difference between a bank and Starbucks is that Starbucks cannot engage in fractional banking. There isn't a way for them to do so and it would be illegal if they tried to do so.

    • @shelbynamels973
      @shelbynamels973 2 ปีที่แล้ว

      @@NickCBax I really have to wonder, are you such a stickler for excruciating detail and minutiae in all aspects of your life?
      Of course the 1.5 bil figure is a snapshot in time. It goes up, and it goes down. What matters is the trend line. If more and more people can be convinced that storing money on a card or a phone app is a good idea, than that amount will continue to trend up, as it did all the years before it reached 1.5 bil.
      To say the money is not completely free is more of a sign of getting lost in granular detail. Banks issuing credit cards have expenses associated with printing the physical cards and the cost of mailing them, but that cost is rolled into the business. I have yet to find a bank that will charge my account for the cost of printing and mailing a card. Also, banks mail out monthly statements, Starbucks doesn't, so more money saved.
      Whether Starbucks engages in fractional banking was never the point of discussion. In my post I tried to show that Starbucks does not have to wait to make a profit on the money it has 'on deposit' the way a bank does. Starbucks makes a profit on the money as soon as it is deposited, since it doesn't have to provide the product the money is supposed to pay for until much later, and in case of unredeemed cards, that time is never.
      So no need to keep nitpicking. Starbucks has been very successful since its inception. They will continuously try out new things, in menu items as well as operation. If an item or a way of doing things turns out to be profitable, they will continue with it. If it doesn't make them any money, they will quit doing it.
      Captive money storage seems to be working for them, I expect they will stick with it into the future.

  • @MrJakson112
    @MrJakson112 3 ปีที่แล้ว +4

    "everywhere" USian forgets USA isn't the entire world again

  • @pravihrvat699
    @pravihrvat699 2 ปีที่แล้ว +1

    As a barista at Starbucks, I just don’t understand how it’s so popular. A mom and pop shop has way better coffee (I love the natural taste of espresso, without all the added sugar), and a family shop has a way better atmosphere. It honestly hurts me what Starbucks has done to American coffee

  • @user-lk4jd5yc8d
    @user-lk4jd5yc8d 2 ปีที่แล้ว +2

    Next video “Why PaPa Johns is actually the biggest pharmaceutical company”

  • @daviddegenhardt5420
    @daviddegenhardt5420 3 ปีที่แล้ว +6

    Lol, I have had one single Starbucks drink in my entire Life.

  • @KennethScottHuntley
    @KennethScottHuntley 3 ปีที่แล้ว +3

    “...first international in Japan...”

  • @sutats
    @sutats 2 ปีที่แล้ว

    That's an incredible chunk of change.

  • @cazminah
    @cazminah 3 ปีที่แล้ว

    this is fascinating because in the UK it's Costa (and Pret to a lesser extent) that has become ubiquitous and dominates as chain cafés.
    they do have loyalty cards to accumulate points for rewards but you can't load money onto it yet.