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The Best One Yet

2019’s IPO profit problem, Restoration Hardware plummets 22%, and Brexit’s “big” day

The Best One Yet

Nick & Jack Studios

Tech, Business News, News, Finance, Business, Pop Culture

4.69.8K Ratings

🗓️ 1 April 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

Lyft popped 8% on IPO day, and it reflects a bigger theme with 2019’s tech IPOs: Profits don’t matter (yet). March 29th was circled for years on calendars — We’ll look at what happens now that it didn’t happen. And Restoration Hardware drops hard even though it’s betting on a unique new-old strategy.Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

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0:00.0

This is Nick, this is Jack, and this is Snacks Daily, it's Monday, April 1st, and this is

0:07.2

the best Snacks daily we've done in April.

0:09.9

We love it.

0:10.9

It was also the best corner for stock markets in 10 years Nick, just ended up frantic.

0:15.2

A lot of bests going around.

0:16.7

Now Jack and I jumped in, we found three wonderful stories for you guys over the weekend.

0:20.8

This is what we commit our weekends do.

0:22.5

First of all, 2019 is the year of the tech IPO.

0:26.3

The gift just showed us its key theme, which is that investors want unprofitable companies.

0:32.1

It's weird, it's a little bit crazy, but unprofitability has become a right of passage.

0:37.8

Our second story is Restoration Hardware.

0:40.1

This bougie furniture company, its stock dropped 22% friday, even though it's unique, counterintuitive

0:46.2

strategies kind of work.

0:47.8

Guys, this stock is now more affordable than basically anything they sell there, which is

0:51.8

a wonderful thing.

0:52.8

Finally, friday was the big day for Brexit.

0:56.0

It was supposed to leave the European Union and guess what?

0:58.4

It didn't happen.

1:00.0

Instead, you got more failed politics.

1:01.8

We're going to break down the three options since Brexit day didn't have a Brexit.

1:06.2

Here's what's going to happen next.

1:07.5

Now, before we jump into that, we got to talk about a norm core, like normal hardcore

...

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