Juul suspends sale of flavored products

[Rossum]

juul just Can't seem to Get Out of it's Own Way.

juul’s about-face is believed to be the first time a corporation has invested millions of dollars into a San Francisco ballot measure, only to withdraw its support shortly before voting begins, said Jon Golinger, a San Francisco political consultant who teaches election law at Golden Gate University. In the rare instances when a ballot measure backer has withdrawn their effort before an election, it was because the issue was resolved or the measure became moot, he said.

“That is historic,” Golinger said. “A colossal failure of a ballot measure campaign that will go into the history books as a cautionary tale for corporations attempting to use the ballot box this way in the future.”

Juul ends support for Prop. C, SF measure to overturn e-cigarette sales ban

Old-ish news from more than a month ago. It seems to me that the new management, air-dropped in by Altria, is either completely gutless, or their mission is to destroy juul from within.

What puzzles me is that Altria spent $12.8 billion for their stake in Juul. That's not petty-cash even to Altria. They've already written off 1/3 of that. Are they really intending to write off the rest?

 

[bombastinator]

Old-ish news from more than a month ago. It seems to me that the new management, air-dropped in by Altria, is either completely gutless, or their mission is to destroy Juul from within.

What puzzles me is that Altria spent $12.8 billion for their stake in Juul. That's not petty-cash even to Altria. They've already written off 1/3 of that. Are they really intending to write off the rest?

Iirc I expressed shortly after Altria bought juul that this was a possible scenario. It’s not petty cash alright. It’s not all that huge for them though. When Altria bought juul they were worth about 140 billion. They’re worth less now, but they were worth only 30 billion at one point. Still several times that 30 billion. Even losing JUUL they’re money ahead.

 

[zoiDman]

Old-ish news from more than a month ago. It seems to me that the new management, air-dropped in by Altria, is either completely gutless, or their mission is to destroy Juul from within.

What puzzles me is that Altria spent $12.8 billion for their stake in Juul. That's not petty-cash even to Altria. They've already written off 1/3 of that. Are they really intending to write off the rest?

The Main reason I posted it is because they will Vote in SF on Prop C Tomorrow.

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I'm sure that Altria knew there was going to be some Blow-Back when they bought up part of JUUL. And I'm sure the felt they could Weather the Storm.

But this hasn't been a Storm. This has been a Once in Three Life Times, Category 6, here comes Noah on an Ark, type Deluge.

LOL

 

[Letitia]

Old-ish news from more than a month ago. It seems to me that the new management, air-dropped in by Altria, is either completely gutless, or their mission is to destroy Juul from within.

What puzzles me is that Altria spent $12.8 billion for their stake in Juul. That's not petty-cash even to Altria. They've already written off 1/3 of that. Are they really intending to write off the rest?

Maybe developing their own pod juice for approval to use with the JUUL device?

 

[bombastinator]

Maybe developing their own pod juice for approval to use with the JUUL device?

One would hope that to do that they would have to do safety and addictive ness testing on n- benzoate.