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Is Juul the Startup World’s Greatest Long Con?
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<blockquote data-quote="cheryl" data-source="post: 781" data-attributes="member: 1"><p><a href="https://www.theringer.com/tech/2019/1/10/18167364/juul-big-tobacco-tech-startup-long-cons" target="_blank"><strong>Is Juul the Startup World’s Greatest Long Con? - The Ringer</strong></a></p><p></p><p><em>The company that claims its products can help people quit smoking cigarettes is now making money for Big Tobacco. Where does its partnership rank among the most brazen tech startup schemes?</em></p><p></p><p>t was 25 years ago that executives at Philip Morris and six other American cigarette companies <a href="https://www.youtube.com/watch?v=A6B1q22R438" target="_blank">testified before Congress</a> that nicotine was not addictive. Even under oath, the tobacco giants continued their decades long practice of gaslighting the public about the negative effects of cigarettes, which were once actually marketed <a href="https://www.cbsnews.com/pictures/blowing-smoke-vintage-ads-of-doctors-endorsing-tobacco/" target="_blank">by doctors</a>. The <a href="https://timesmachine.nytimes.com/timesmachine/1994/04/15/784079.html?action=click&contentCollection=Archives&module=LedeAsset&region=ArchiveBody&pgtype=article&pageNumber=1" target="_blank">image</a> of seven CEOs being sworn in to answer for their companies’ misdeeds has endured as a powerful visual shorthand for modern corporate villainy. As the lethal effects of cigarettes were drilled into the minds of young would-be smokers by middle school counselors and aggressive ad campaigns, smoking entered an <a href="https://www.npr.org/2016/05/24/479349619/cdc-report-reveals-decline-in-american-smokers" target="_blank">ongoing decline</a> in usage. Big Tobacco had been felled.</p><p></p><p>Or so it seemed. In late December a Virginia-based conglomerate called Altria <a href="https://www.nytimes.com/2018/12/20/health/juul-reaches-deal-with-tobacco-giant-altria.html" target="_blank">bought a 35 percent stake</a> in the San Francisco startup Juul Labs for almost $13 billion. Juul is a maker of e-cigarettes and says its goal is to help adults quit smoking. Altria is the rebranded version of Philip Morris, whose entire corporate directive is to get adults to keep smoking. Juul says its wild popularity among teens is an unfortunate accident. Philip Morris once <a href="https://www.washingtonpost.com/wp-srv/national/longterm/tobacco/stories/pmorristeen013098.htm" target="_blank">wrote an internal memo</a> that said, “Today’s teenager is tomorrow’s potential regular customer.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 781, member: 1"] [URL='https://www.theringer.com/tech/2019/1/10/18167364/juul-big-tobacco-tech-startup-long-cons'][B]Is Juul the Startup World’s Greatest Long Con? - The Ringer[/B][/URL] [I]The company that claims its products can help people quit smoking cigarettes is now making money for Big Tobacco. Where does its partnership rank among the most brazen tech startup schemes?[/I] t was 25 years ago that executives at Philip Morris and six other American cigarette companies [URL='https://www.youtube.com/watch?v=A6B1q22R438']testified before Congress[/URL] that nicotine was not addictive. Even under oath, the tobacco giants continued their decades long practice of gaslighting the public about the negative effects of cigarettes, which were once actually marketed [URL='https://www.cbsnews.com/pictures/blowing-smoke-vintage-ads-of-doctors-endorsing-tobacco/']by doctors[/URL]. The [URL='https://timesmachine.nytimes.com/timesmachine/1994/04/15/784079.html?action=click&contentCollection=Archives&module=LedeAsset®ion=ArchiveBody&pgtype=article&pageNumber=1']image[/URL] of seven CEOs being sworn in to answer for their companies’ misdeeds has endured as a powerful visual shorthand for modern corporate villainy. As the lethal effects of cigarettes were drilled into the minds of young would-be smokers by middle school counselors and aggressive ad campaigns, smoking entered an [URL='https://www.npr.org/2016/05/24/479349619/cdc-report-reveals-decline-in-american-smokers']ongoing decline[/URL] in usage. Big Tobacco had been felled. Or so it seemed. In late December a Virginia-based conglomerate called Altria [URL='https://www.nytimes.com/2018/12/20/health/juul-reaches-deal-with-tobacco-giant-altria.html']bought a 35 percent stake[/URL] in the San Francisco startup Juul Labs for almost $13 billion. Juul is a maker of e-cigarettes and says its goal is to help adults quit smoking. Altria is the rebranded version of Philip Morris, whose entire corporate directive is to get adults to keep smoking. Juul says its wild popularity among teens is an unfortunate accident. Philip Morris once [URL='https://www.washingtonpost.com/wp-srv/national/longterm/tobacco/stories/pmorristeen013098.htm']wrote an internal memo[/URL] that said, “Today’s teenager is tomorrow’s potential regular customer.” [/QUOTE]
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