African tech IPO Jumia jumps big, Facebook’s board drama, and JP Morgan jumps 5% as it looks into America’s wallet

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 15 April 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The “Amazon of Africa,” Jumia, surged 75% on its IPO day, but it’s really more of an everything-app for 14 fast-growing African nations. Netflix CEO Reed Hastings is leaving Facebook’s board because things are getting too awkward. And JPMorgan rose 5% as it kicked off earnings season, but we’re more interested in its unique window into your wallet.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.
0:05.0	It is Monday, April 15, tax day, and this is the best one yet, right, Jack?
0:10.3	Markets rose last week.
0:11.3	They inched up about a half percent.
0:13.2	We're close to record highs for the S&P 500.
0:16.1	Getting seriously close.
0:17.4	It is earning season, has kicked off, things are feeling good, and the next two weeks are
0:21.4	going to be exciting.
0:22.4	We have IPOs from the likes of Pinterest and Zoom, among all the other corporate earnings
0:26.8	reports.
0:27.8	I love it.
0:28.8	And all weekend, basically finding three wonderful stories for you guys.
0:32.0	We've been very busy for you.
0:33.0	The first one we found was easy to find.
0:35.1	Jumea, the first Africa-focused IPO on the New York Stock Exchange.
0:39.8	It just happened Friday.
0:41.7	And it jumped 75% on day one, which is pretty, pretty, pretty good.
0:46.8	Our second story is very TMZ-style.
0:49.6	Facebook had some serious boardroom drama.
0:52.3	Two famous celebrity board investors are out.
0:55.3	Who is going to get Zux Rose?
0:58.4	Is not Netflix CEO Reed Hastings, I'll tell you that.
	...

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