Social Currency with Sammi Cohen

A blockbuster lawsuit just exposed the biggest fear in retail—but it could backfire spectacularly. Today, Sammi does a deep dive into Williams Sonoma vs. Quince, a case that’s revealing a seismic consumer shift: shoppers no longer believe legacy brands deserve legacy prices. Sammi breaks down why Quince’s billion-dollar rise is shaking old-guard retailers and how comparative advertising became the new frontline of the dupe economy. If you want to understand the next chapter of retail—pricing, branding, influence, and the power of “good enough”—this episode is your blueprint. Follow Sammi on Instagram  Subscribe to the Social Currency newsletter  Here’s what Sammi covers today: 00:00 Williams Sonoma vs. Quince 01:26 Quince's Disruptive Business Model  06:28 Consumer Reactions and Feedback  07:56 Quince's Foray into Food  09:01 Implications of the Lawsuit  10:18 Final Thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices

Luana Lopes Lara didn’t just build a unicorn— she overturned a 100-year old ban, sued the regulators and became the youngest self-made female billionaire in the process. Luana co-founded Kalshi, the CFTC-regulated prediction market that lets you trade on the outcome of real-world events. Kalshi is one of the fastest-growing tech companies in the country; in fact, since Sammi spoke with Luana, Kalshi’s valuation has gone from $5 billion to $11 billion. Luana shares the ripple effects of the 2024 election on the business, the decision framework around which events are “tradeable,” the psychology of Kalshi users, and why she thinks prediction markets might rival stock exchanges sooner than anyone expects.  Follow Sammi on Instagram  Subscribe to the Social Currency newsletter  Learn more about Kalshi Today Luana and Sammi discuss: 00:00 Luana Lopes Lara’s Social Currency 02:14 The Early Days of  Kalshi 02:41 The Role of Ballet in Business 04:20 Understanding Prediction Markets 07:09 The Brutal Regulation Process 14:31 Marketing and Growth Strategies 16:18 The Impact of the 2024 Election 27:23 Sports and Other Popular Trading Categories 29:37 Ethics of Prediction Markets 33:33 User Behavior  37:55 Hot Takes and Future Trends 39:24 Social Currency Corner 46:24 How to Show Social Currency Some Love Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, Sammi breaks down all things Meadow Lane—the Tribeca grocery store that launched like a luxury fashion drop and spiraled into one of the most chaotic openings New York has seen in years. Founded by Sammy Nussdorf, the heir to a billion-dollar distribution empire, Meadow Lane was positioned as a bespoke, Manhattan-made answer to Erewhon. The result? A fandom of over 140,000 followers before the store even opened. But that hype came with consequences. During opening week, Meadow Lane faced a perfect storm of PR disasters—raw chicken nuggets, mislabeled chili that triggered an allergic reaction, viral snark about $750 caviar, and one very viral mouse. Sammi unpacks what Meadow Lane tells us about status-ification of food, TikTok consumerism, and whether grocery bags belong next to designer handbags.  Follow Sammi on Instagram  Subscribe to the Social Currency newsletter  Here’s what Sammi covers in today’s episode: 00:00 The Grocery Store That Became a Cultural Event 01:58 Who Is Sammy Nussdorf? 03:20 Building in Public: TikTok, Fandom, and Hype 06:17 Opening Week Chaos: Raw Nuggets, Allergies & The Mouse Video 07:53 Meadow Lane vs Erewhon 08:55 Food as a Modern Status Symbol 10:49 Sammi’s Predictions and Takeaway 12:01 How to Show Social Currency Some Love Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a beauty brand that celebrates Latin culture while competing on a global stage is no small feat—but for Babba Rivera, it’s not just business— it’s personal.  Babba founded Ceremonia to create a haircare brand rooted in Latin heritage, ritual, and community. Today, Ceremonia is one of the fastest-growing brands at Sephora, has raised over $11 million, and just took home an Allure Beauty Award. In this conversation, Babba shares how she built a company that’s as mission-driven as it is profitable—cutting marketing costs by half while still growing revenue—and what it really takes to lead a fast-scaling startup as a founder and mom of four. Babba also shares about her early days leading teams at Uber and Away, the power of saying no to investors who don’t get your vision, and why she believes the future of beauty is community-first, not celebrity-led.  Follow Sammi on Instagram  Subscribe to the Social Currency newsletter  Follow Ceremonia on Instagram Follow Babba on Instagram Here’s what Sammi covers with Babba: 00:00 Babba Rivera’s Social Currency 02:27 Growing Up Between Cultures 05:07 Early Beauty Rituals and Haircare Influences 07:00 Lessons from Uber 10:48 The Wild World of Away 13:11 From Marketing Agency to Beauty Brand 15:53 The Birth of Ceremonia 19:44 Navigating Funding During COVID-19 22:36 Direct to Consumer and Learning from Customers 27:00 Strategic Move to Credo 27:16 Scaling with Sephora 28:04 Challenges of Big Retailers 30:27 Allure Best of Beauty Award 33:46 Focus on Profitability 38:01 Representation in Beauty 45:11 Balancing Motherhood and Business 50:05 Daily Routines and Systems 53:31 How to Show Social Currency Some Love Learn more about your ad choices. Visit megaphone.fm/adchoices

Celebrity brands never release their numbers — until now. Beauty brand e.l.f. didn’t just acquire Hailey Bieber’s Rhode… they published every single line item of the company’s P&L. From shockingly low cost of goods sold to a 9x marketing efficiency ratio, Sammi unpacks why Rhode operates more like a billion-dollar conglomerate than a three-year-old celebrity brand. You’ll hear the real story behind the billion-dollar headline, why e.l.f. revealed Rhode’s financials days before earnings, and how a temporary sales dip shook Wall Street. Then, Sammi explains the record-breaking Sephora launch, the risks Rhode faces with limited SKUs, and why Hailey’s personal involvement is the brand’s ultimate moat. Finally, Sammi zooms out: what Rhode teaches us about cultural capital, beauty economics, and the future of creator-led brands — plus how it all compares to Rihanna’s Fenty and the cautionary tales of celebrity beauty past. Follow Sammi on Instagram  Subscribe to the Social Currency newsletter  Here’s what Sammi covers today: 00:00 The e.l.f. Acquisition of Rhode 03:07 e.l.f.’s Unprecedented Financial Disclosure 03:44 Analyzing Rhode’s Financials 07:15 The Sephora Launch and Its Impact 08:17 Challenges and Future Prospects for Rhode 10:28 Comparing Rhode and Fenty 11:03 Future Predictions on Beauty Learn more about your ad choices. Visit megaphone.fm/adchoices