3 ms·
Big Tobacco owns the vape companies. New smokers use vapes many times more than all other forms of smoking combined. Trading a slightly higher churn for a 5-6x
by HWR_14 4y ago
Big Tobacco owns the vape companies. New smokers use vapes many times more than all other forms of smoking combined. Trading a slightly higher churn for a 5-6x more uptick in customers is a great trade. Especially if they churn to another product you own.
- hedora 4y agoYes, but this is their plan B. Simultaneously working to regulate away the disruptors and also acquiring some of them is good business sense. They hedged their bets. Anyway, do you have a better explanation for the inconsistent positions tobacco regulators take in the US?
- HWR_14 4y agoPlan B? Vapes are making them more money the money then it's costing them. And they were already an industry dying out (in the US) as new smoker numbers kept dwindling. Meanwhile, they own the biggest vape companies. And I don't see what inconsistent positions are taken. If you tell me them, I'll gladly tell you why.
- eurasiantiger 4y agoThey don’t own ALL vape companies, just those most heavily marketed.