Snacks Daily
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.
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- Artist: Robinhood Financial, LLC
- Copyright: © 2019 Robinhood Financial, LLC. All Rights Reserved
Podcasts:
Pepsi’s legendary CEO made one more huge (healthy) acquisition to pivot away from unhealthy soda (spoiler alert: it’s SodaStream). Farfetch is the British online marketplace for expensive brands and it’s IPO’ing for a $9B valuation -- plus, it solves something Amazon can’t. And Tyson Foods bought Keystone Foods (the McNugget maker) for $2 billion to ironically go “premium.”
You gotta know these three. They’re not just Chinese tech juggernauts -- they may even be out-innovating their American competition: JD.com crushes e-commerce (@Amazon), Tencent owns social media (@Facebook), and Nio wants to be all over electric cars (@Tesla).
Walmart is cool (again?) after an earnings report worth worshiping. Rumor is Amazon’s got an itch to buy Mark Cuban’s indie movie theater chain Landmark to spread the joy of Prime. LA-edgy minimalist watch startup MVMT sells for a hefty $100M to old school Movado.
Corona owner Constellation brands is adding more pot to its liquor cabinet by investing $3.8B in Canadian cannabis company Canopy Growth. Pandora and T-Mobile nailed down a partnership that explains why bundles are the new discounting. And PetIQ is going super boogie on fancy pet food -- and getting rewarded for it (Walmart likely).
Google’s getting into healthcare mode by investing $370M in the Millennial-ish branded health insurance startup, Oscar. Home Depot’s living its best life right now with home prices rising and a new locker feature. And Groupon’s paying out millions to IBM because it used a IBM’s internet patent that it somehow patented in the ‘80s (before the internet was a thing).
Athleisurewear officially beat denim as Lee’s, Wrangler, and Republic are getting spun-off from VF Brands -- they’re focusing on The North Face and Vans instead. “The Meg” is a shark movie produced in the US and China, but it’s changing the future of Hollywood’s marketing strategies. And the Turkish lira is plummeting, so we break down why and how.
3 huge companies are going public in 2019 -- and all 3 just had huge updates that affect their future IPOs. Casper’s reverse-disrupted itself, Airbnb’s biz travel arm tripled in size, and Uber/Lyft got the kibosh in their biggest market.
Planet Fitness is in better shape than most stocks you’ll ever see. Samsung introduced a huge new product, but Spotify is the real winner. And Crocs is our “Comeback of the Day” because it hates on itself (and it’s open about it).
Twinkie is an iconic gluttonous legend, but it’s at the mercy of one huge American retailer. Michael Kors has looked a little sloppy lately, but its fast growing shoe company has inspired it to get in shape and stop looking desperate. And headlines make you think China’s winning in everything, but its stock market has been destroyed by the trade war.
Twelve tweets from Elon Musk caused Tesla stock to literally stop trading -- so we interpret them for you. Match.com scared parents nationwide and thrilled investors with its new focus on college kids unveiling “Tinder U.” And Jeffrey Katzenberg & Meg Whitman’s NewTV just raised $1 billion… in its seed round of funding (that’s insane -- we explain why).
A unique beer situation down at SeaWorld is causing its waterpark attendance to surge. Pepsi’s losing its legendary CEO, Indra Nooyi, so we got some fascinating details on her life story, and how she transitioned into snacks that won’t kill you. And General Motors flexes its muscles to bully a local hospital into lower costs -- politics used to handle healthcare, but now companies do.
MoviePass’ stock’s plummeted 92% in a week (shares are literally worth pennies). Plus, customers are quitting and it’s running out of cash. Fast. But movie theater companies still think it’s enemy #1. We’ll tell you how this “Netflix for movie theaters” subscription startup has changed the industry like Napster changed music -- and why it may not survive by the time you finish this episode.
Disney gave TBS and TNT the rights to Star Wars for 8 year -- a huge mistake it’s trying to undo. GoPro has stopped trying to do everything and started focusing on one, niche, hardcore user. Blue Apron’s just not satiating investors anymore (neither are any meal kit companies) even though their food’s pretty decent.
An insane leak about Google going after the “Google of China” (Baidu) that may compromise its core values. Ferrari’s new CEO had a really bad first day because of a really bad word choice. And Square’s stock is up 90% this year because it’s focused on its best friend.
Nintendo (G-rated games) & Sony (R-rated games) face off with video game earnings. A major (and bad) turning point just happened for autonomous vehicles and ride hailing. And Apple smacked down critics and showed what a tech company’s supposed to do with its best 2nd quarter in ever.