CBX Daily 4/9/2024

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CultureBanx Team
April 09, 2024

Today AT&T’s data leak saga is stirring fires, but let’s start with how the budding Birkin resale market can meet your heart’s desires…

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Birkin Bag Resale Market Is On Fire

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In the world of luxury fashion, few items hold as much allure and prestige as the Hermès Birkin bag. Renowned for its exquisite craftsmanship and exclusivity, the Birkin bag has become a symbol of wealth and status as the resale market for these bags has doubled in five years. Hermès also benefited from some free marketing as well, thanks to rappers like Cardi B and the City Girls, constantly showcasing their collections.

Unraveling AT&T's Personal Data Leak Impact On The Black Community

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AT&T’s (T+0.28%) recent data leak of 73 million current and former customers exposed tons of personal information. When it comes to data breaches they are often more problematic for people of color living on fixed or low incomes, raising serious concerns about digital equity and cybersecurity. Mitigating widespread damage from this data breach to these communities is imperative for AT&T to restore consumer confidence.

Calculating The Rising Black Youth Mental Health Crisis Costs

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Costs of mental health are beyond dollars; it costs lives which is an incalculable loss. The mental health industry was a $383.31 billion sector in 2020 and is estimated to reach $537.97 billion by 2030. A new CDC report highlighted the suicide rate for Black girls and women ages 10 to 24 increased more than 30% in 2020 and 23% among Black boys and men in the same age group, as the multi-billion mental health sector continues to thrive while leaving some people behind.

How Fashion Resale Is Fueling Style And Sustainability

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It's a fact that not everyone will wear a new Gucci belt or rock the limited high-end brand pieces released occasionally for a selected few. However, with the resale culture, common folk will get access to luxury and high-end fashion items at more affordable prices. You'll get to experiment with new styles and brands without breaking the bank. All this is thanks to the emergence of various resale platforms and strategic partnerships with retail giants who want to venture into the billion-dollar industry.

Amazon Is Expanding To The South African Market In 2024

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Amazon (AMZN +0.86%), the global e-commerce giant, has announced its plans to launch its online shopping service in South Africa in 2024. This move marks a significant expansion for Amazon, making South Africa only the second African country, after Egypt, to have a locally dedicated website from the U.S. company. South Africa will also become the 21st country to host Amazon's locally dedicated website, posing a significant challenge to the plethora of online retailers, primarily led by Naspers' Takealot.com.

Vibes of the Week

Does every “Woman” need a Birkin even if it’s a resale? Bridget Blue with a bop in our CBX Vibes!