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.