Polymarket Bettors Threaten Israeli Journalist & Blank Street Wants to Become “Gen Z Starbucks”
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What is the main topic discussed in this episode?
Managing media plans for multiple clients can feel like herding cats. Disney Campaign Manager is built for fast-moving agencies looking for one simple ad buying solution to handle all of their streaming TV campaigns across Disney+, Hulu, and ESPN. Set flexible budgets, adjust on the fly, and optimize for total campaign control across every buy, all in one platform. Get started today at DisneyCampaignManager.com. That's DisneyCampaignManager.com. Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, more gyms, less stuff. How retail is being transformed. Then an AI company is hiring improv actors to teach its models to be more human. It's Wednesday, March 18th. Let's ride. Mark Andreessen thinks your daily journaling habit is pointless.
On a recent podcast, the billionaire investor said that he does zero introspection because you just got to move forward and go. He also claimed that it would never occur to people 400 years ago to be introspective and that, quote, all of the modern conceptions around introspection and therapy were manufactured by Freud and others in Vienna in the 1910s and the 1920s. Now, many people were quick to dunk on him, pointing out that Socrates famously said the unexamined life was not worth living, or that Marcus Aurelius' most famous book is called Meditations, or that Benjamin Franklin kept a painstaking diary of moral conduct. The list goes on. Toby, what is Andreessen talking about? You know what, Neil?
I am with him. The voices in your head are a lot quieter when you are moving and grooving and building stuff. But also, I am not a great person of history. So the fact that I agree with them is actually refuting his point. And now a word from our sponsor, LinkedIn Ads. Toby, you're the best podcast co-host I know. Ah, Neil, you're making me blush. I thought you were going to tell me I'm the best pickleball player, you know. You'll get there someday. But do you know what else is the best? LinkedIn ads is when it comes to generating the highest B2B ROAS of all online ad networks. They also have a network of over 1 billion professionals and 130 million decision makers. You can target your buyers by job title, industry, company role, seniority, skills, company revenue, so you can stop wasting budget on the wrong audience.
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What is changing in the retail landscape with service-based tenants?
Just go to linkedin.com slash MBD. That's linkedin.com slash MBD. Terms and conditions may apply. Okay, think about the last time you went to a store. Did you leave with anything? Probably not. In a momentous changing of the guard, last year, for the first time on record, service-based retailers leased more space in the U.S. than traditional goods-based tenants. Or as the Wall Street Journal put it, America now has more spas and gyms than stores selling actual stuff. According to a new costar report, retailers providing a service think restaurants, gyms, salons leased 50.4% of commercial space in 2025 compared to 49.6% by retailers that sell you physical goods like Dix or Barnes and Noble. As recently as 15 years ago, services-based retailers accounted for just 40% of total leasing.
It is a huge spike of 10 percentage points, reflecting the long-running reallocation of consumer spending and the continued evolution of physical retail space toward uses that are less vulnerable to e-commerce, as CoStar explained. The main growth driver of services-based retail is wellness. a booming industry that as of 2024 was worth $2.1 trillion per the Global Wellness Institute. Last year, the wellness sector, which includes fitness, beauty, nutrition, and mental health, accounted for almost 30% of service-based leases compared to just 20% a decade ago. That's one side of the equation. On the other side are traditional goods retailers, which are shrinking their brick-and-mortar footprint as more shopping moves online.
Toby, we talk a lot about the experience economy. It's never been more clear than in this Retail Milestone. I was talking with some people around our office and we were talking about what luxury symbols are these days.
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