Summary: Digestible financial news. Get smarter fast with an entertaining breakdown of our top 3 business stories in 15 minutes. Pairs perfectly with your commute, workout, or morning oatmeal ritual. Hosted by Jack Kramer and Nick Martell.
Pizza Hut’s the younger sibling in the Yum Brands fast food family, so it’s buying a delivery software company for attention. VW and Ford are bunking up in each other’s factories. And FedEx and UPS faced haters because Amazon just bought 40 delivery planes, but that hasn’t hurt them yet.
Netflix realized its users want Friends so badly that it’s dropping $100M to keep the rights. Ikea’s launching its first new “city center planning studio” in NYC, with 30 more prepped. And we’ve got bold claim for Barnes & Noble Education (not Barnes & Noble -- different company).
Canadian pot icon Cronos surged 11% on word its received an acquisition offer from Marlboro-owning American cigarette legend Altria. Millennial mortgage pioneer SoFi’s firing 7% of its workers because of a competitor in Detroit. And we’ll explain why the Trade War “truce” needs air-quotes.
Pabst Blue Ribbon settled a lawsuit with MolsonCoors that revealed PBR isn’t the PBR you know. Marriott just completed the worst acquisition ever, and then suffered the worst hack ever. And Microsoft stock has tripled since its CEO took over -- There’s one reason it just passed rival Apple’s valuation.
Sure, Abercrombie’s stock surged 20%, but we’re way more interested in the drama behind J. Crew’s 10% sales pop. Airbnb’s unleashing a new feature to make the perfect Airbnb rental spot and they’re calling it “Backyard.” And our “Unicorn of the Day” is Asana, which just raised $50M to hit a $1.5B valuation.
The “Seamless for pot delivery,” Eaze just snagged $65M to go nationwide -- and it may be the best positioned pot company out there without owning any pot. Tiffany’s shares fell 12% and it’s blaming Chinese tourists. And 2 words from the Fed Chairman gave stocks their best day in 9 months.
Ladder the startup co-founded by LeBron James, Cindy Crawford, Lindsay Vonn, and Arnold Schwarzenegger to transform protein shakes -- and celeb founders. Parachute’s the Direct-to-Consumer “soft stuff” scaleup proving that brick-and-mortar has a huge future. And Overstock.com’s the publicly-traded company selling its entire core business to focus 100% on buzzwordy blockchain.
Venmo was shocked when fraud issues surged to cost it $40M in a single quarter. GM’s closing 7 plants and firing 15K and it’s blaming you. And Amazon already won Cyber Monday, but we’re more interested in the innovation it’s doing to its boxes and the ad industry (FYI, advertising will become its most profitable biz in 3 years).
TikTok’s the karaoke-ish app beating Instagram, Facebook, and Snapchat, and you should know it. Black Friday was a disaster for 8 companies, and we’ll give you the reason why for free. And the official government Climate Change Report was released, and it tells us the unfortunate winners and losers (though we’re all losers) of global warming.
Black Friday is no more. Not a thing. Change your perception, because the new shopping reality is “Black Fri-Month.” FANAMA is fam of tech stocks that caused markets to erase all their winnings from 2018. And Boingo is the adorable wireless provider that just shocked everyone.
No gowns are technically affected, but David’s Bridal just filed for bankruptcy and (shocker) says our generation is the reason. Buzzfeed announces a new growth strategy that affects all of digital media. And Nissan/Renault/Mitsubishi Chairman Carlos Ghosn shocks the car industry after he’s arrested in Japan.
Levi’s wants to try on an IPO (again) for a $5B valuation early next year. Brexit realizes it can either have a Gwyneth style divorce or Brangelina mess. And Viacom’s earnings rose, but we’re just scared for Nickelodeon.
Football club ManU announced its ticket sales growth slowed, but we’re blaming it on bad scheduling. Walmart hit an ecommerce milestone and we got more deets on its secret AI-focused innovation lab on Long Island. And Pacific Gas & Electric is “Too Big To Fail” even though it may have sparked California’s wildfires.
Victoria’s Secret fired its CEO because she isn’t woke enough to catch on to bralettes. Bitcoin’s fallen 13% to exactly where it was a year ago specifically because of 2 guys. And Uber’s pre-IPO earnings revealed its ride hail growth is slowing -- But Uber Eats food delivery is crushing life.
Amazon’s officially (finally?) decided on 2 locations for its 2nd (and 3rd?) headquarters: Long Island City, NY and Crystal City, DC -- We say why HQ2-palooza was bad long term. Spotify just released its new Apple Watch app and it’s really not good. And oil prices are having their worst month in 3 years, and the story why is an international drama.