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Ozempic Is Making People Buy Less Food, Walmart Says

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61–70 of 97 posts

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#62

Earlier quoted context omitted.

Ozempic purchases happen to also be correlated with rising prices, though.

Presumably they're looking at comparable shoppers before and after one starts Ozempic during the same time period. Or are you implying people are starting Ozempic to avoid buying food?

How is Walmart obtaining data on when individual people start taking Ozempic? That seems like quite a HIPAA violation.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#63

> An increasing number of CEOs and investors are talking about how popular weight-loss drugs might change the economy and business. Earlier this week, the CEO of the maker of Pringles and Cheez-Its said the company is studying their potential impact on dietary behaviors. “Like everything that potentially impacts our business, we’ll look at it, study it and, if necessary, mitigate,” Steve Cahillane, the CEO of Kellano…

I'm on Zepbound, and it's clear there's going to be a day when grease, salt, and carbs will no longer run the world in 20 years when these drugs (and the mechanical injector) go off patent.

If I could invest in a 20 year short in the fast/junk food companies, I would easily do so.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#64
post #58
post #49

Earlier quoted context omitted.

That’s a big hipaa violation.

No, but it's probably a HIPAA violation.

They also probably have a pretty good model of what weight loss looks like absent semaglutide. The semaglutide patients probably have a different set of purchasing behaviors from dieters and LAP band surgery patients.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#65
post #11

Earlier quoted context omitted.

Walmart runs a pharmacy, and most people use the same payment cards to check out for food and for pharmacy purchases (and also happily offer up loyalty cards and other tracking identifiers). Walmart is also one of the largest users of facial recognition technology. Why would it be surprising or worrisome that the people you buy something from know what you bought from them?

The degree to which Walmart enthusiastically links things via payment cards has me considering going back to cash when I shop there. The first time I saw a series of in-store purchases unexpectedly show up in my walmart.com account history, I was not particularly happy.

I think the Apple Card has privacy from stores built-in.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#67
post #11

Earlier quoted context omitted.

Walmart runs a pharmacy, and most people use the same payment cards to check out for food and for pharmacy purchases (and also happily offer up loyalty cards and other tracking identifiers). Walmart is also one of the largest users of facial recognition technology. Why would it be surprising or worrisome that the people you buy something from know what you bought from them?

There’s a difference between them having a record of your purchase and them accessing that record for business analysis reasons. If Walmart operated a medical clinic, would you comfortable with their corporate data scientists accessing your health records?

I’m: not comfortable with merchants knowing what I purchase.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#68
post #62

Earlier quoted context omitted.

Presumably they're looking at comparable shoppers before and after one starts Ozempic during the same time period. Or are you implying people are starting Ozempic to avoid buying food?

How is Walmart obtaining data on when individual people start taking Ozempic? That seems like quite a HIPAA violation.

I’d suspect it has something to do with signing up for an Ozempic discount card (which many people did / still do). Pretty sure they’re allowed to sell that data (their privacy policy seems to allow as much).

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#69
post #63

> An increasing number of CEOs and investors are talking about how popular weight-loss drugs might change the economy and business. Earlier this week, the CEO of the maker of Pringles and Cheez-Its said the company is studying their potential impact on dietary behaviors. “Like everything that potentially impacts our business, we’ll look at it, study it and, if necessary, mitigate,” Steve Cahillane, the CEO of Kellano…

I'm on Zepbound, and it's clear there's going to be a day when grease, salt, and carbs will no longer run the world in 20 years when these drugs (and the mechanical injector) go off patent. If I could invest in a 20 year short in the fast/junk food companies, I would easily do so.

[deleted]

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#70
post #12

Ozempic is like $800 a month, do the people spending that also go to Walmart?

Yes 1. Health insurance caps the annual price to a few thousand dollars, which is worth the money for most people for the health and social advantages 2. Wealthy suburban families shop at Wal-Mart quite a lot

If only that were the case. $800/mo, with coupon, because insurance says no.
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