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A $5 Coffee Habit Compounded 40,000% Yet Wall Street Still Cheers the Layoffs
Starbucks (SBUX) has compounded roughly 40,000% since its 1992 IPO, turning a $10,000 ticket into close to $4 million. On Friday, the company that built that record told 300 more corporate workers they were out, took a $400 million restructuring charge, and watched the stock rise anyway. Wall Street called it the right move. A...
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