Winners & Losers August 10, 2017

iPhone Generation: Lonely & Depressed

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Loser: Unsustainable internet companies. Pureplays like Wayfair and Blue Apron are getting Amazon-like valuations without a critical component: a business that works.

Loser: The brand-industrial complex. Startup Brandless sells generic household items for $3 each, pointing to a larger shift in consumer behavior.

Loser: The smartphone generation. Three-quarters of American teens own iPhones, and the devices are making them more lonely — but also less likely to do drugs.

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