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.
Marijuana stocks are IPO’ing hard and fast. We did some MarketSnacks digging into the pot industry to break down the 3 companies leading its growth -- Production (Tilray), Retail (MedMen), and an everything-related-to-pot company (Aurora). We also break down the (il)legal situation and the some risks of Cannabis stocks.
Budweiser’s got a secretive venture capital team and an actual business unit called “High End Company” that is growing its entire craft beer biz. Chipotle delivered a delicious quarter of improving sales thanks to lower avocado prices, higher queso devouring, and a legendary new CEO. And 23andMe is doing some freaky stuff with your genetic data after a new partnership with a pharmaceutical giant, and we get to the bottom of it.
Facebook’s latest earnings report will go down in history as one of the craziest in history -- shares plummeted 25% during an insane conference call. Japan just OK’d casinos, so Las Vegas Sands is opening up shop since its Vegas locations just don’t bring in the money lately. And ClassPass bench-pressed $85 million in Series D funding for its expansion abroad (but we’ve got 1 problem with the company)
Yelp just revealed a crazy new way to figure out how many mice are also eating at your go-to Friday night restaurant. Harley-Davidson’s earnings report showed that it won’t be (totally) muscled around by tariffs, and Choosy is the Instagram-focused women’s clothing startup that’s making “fast fashion” less evil.
The new summer drink all over your ‘Gram is Aperol Spritz -- and its strategic marketing push is powering Campari shares on Milan’s stock market. Google’s earnings were unfazed by that $5 billion fine, but their CFO Ruth Porat is the real hero. And the WSJ uncovered an awkward memo from Tesla to its suppliers basically asking for money to help it survive.
The fact is small companies are going public 80% less today than 30 years ago and it’s 50% less for larger scaleups -- and 52 tech companies are 10+ years old, worth $1 billion or more, and still private. So we went in MarketSnacks style to break down how that hurts 3 key groups -- employees, early investors, and everyone else like regular investors who want to own some stock.
Nike’s making it possible to text for your shoes and pick them up -- without leaving your car. Domino’s sales continue to dominate, but we’re focused on its new physics-defying plans to get you pizza anywhere, anyhow. And Uber’s got a problem with its CFO....It doesn’t have one. So we figured out why.
Google has monopoly sized control of multiple markets, but Europe’s punishing it for abusing those monopolies. Hims is tackling the male body insecurity market with tech and hilarious ads. And eBay is doing consistently pretty decent, but that’s not enough in tech.
Forget Goldman’s earnings report -- we’re more focused on the fresh new CEO Goldman named to replace 12-year legend Lloyd Blankfein. Walmart and Microsoft just hooked up for a funky partnership to take on (and save themselves from) Amazon. And The Athletic is a subscription sports news company you may have never heard of, but it represents the future of media.
Our “Unicorn of the Day” is Chinese coffee chain Luckin, which just raised $200M and has opened 525 stores in 9 months. Netflix had really boring earnings, but we found a romantic, action-packed, comedic international storyline. And we’ll tell you every loser and winner of Amazon Prime Day who wasn’t Amazon.
John Legend’s angelic voice. Call Centers. “Please” and “Thank You.” Amazon’s Alexa, Apple’s Siri, and Google Home voice assistants will have an impact on mankind like the 2nd internet. We break down for you the three most important changes to consumers, business, and society from voice technology.
Venmo wants to be your mobile bank, so it’s hooking up with Uber to make you like it more. Build-A-Bear announced a “Pay Your Age” teddy bear giveaway -- and everything went horribly wrong (but the stock shockingly rose). And Microsoft’s so worried you forgot about it at work, that it’s giving away Slack’s core product.
Hinge recently got acquired by Tinder-owner Match.com, but it’s bringing high-science to dating apps. Casper is ubiquitous in NYC’s subways and Millennials’ bedrooms, and it’s rolling out “napping pods” to get you hooked. And Alphabet’s two world-changing projects are moving from the R&D department to the “real company” department.
Postmates (the Uber for restaurant pick-up and delivery) will expand to 50 percent of all US households and launched a partnership with Chipotle. HBO’s new boss has some ridiculous demands to grow its video content faster (employees there probably hate him). And PepsiCo’s snacks and healthier drinks keep getting held back by its sugary old school sodas nobody wants anymore.
Xiaomi -- hard to pronounce, but critical to know -- is the “Apple of China,” and its Initial Public Offering went really, really badly. Back in the US, a developer noticed a coding feature in Snapchat that’s a sign of a big new move that could involve Amazon. And we break down a key investing insight on big stocks vs. small stocks in the Trade War era.