Bed Bath and Beyond Drops, Better and Palantir Team Up
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 18 August 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down why the latest meme stock craze, Bed Bath and Beyond's stock, is now plunging. Plus, why Better.com is partnering with Palantir to create a mortgage platform.
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Transcript
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| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
| 0:06.2 | leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th. |
| 0:12.8 | Title sponsor Amazon, Official Airline, Alaska Airlines. |
| 0:17.6 | Supporting sponsor, Providence. |
| 0:19.9 | Contributing sponsor, Wareyerhauser. |
| 0:22.6 | Get 40% off using promo code Radio 40 |
| 0:26.0 | at Bloomberg Live.com slash Green Festival. |
| 0:32.4 | From the heart of where innovation, money and power collide, |
| 0:35.0 | in Silicon Valley and beyond, this is Bloomberg Technology |
| 0:40.0 | with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology coming up. |
| 0:59.0 | Ryan Cohen sells out. |
| 1:01.0 | Chairs of Bed Bath and Beyond are plunging after the meme stock idol sold his |
| 1:04.8 | steak. We'll explain why he did it. |
| 1:09.3 | And some of Silicon Valley's richest execs and investors are campaigning against multifamily |
| 1:14.4 | housing coming to their neighborhood including Mark Andresen. Yes, the investor who |
| 1:19.1 | just gave controversial Weiwork founder Adam, a huge check to |
| 1:23.2 | reinvision, well, rental housing. |
| 1:26.8 | And last year was the most lavish on record |
| 1:29.5 | for executive paychecks by almost any measure. |
| 1:31.8 | More than 30 public company executives were paid |
| 1:34.4 | a hundred million dollars in 2021 according to the Bloomberg Pay Index. We will dig in. |
| 1:39.8 | So let's get back to that bed bath and beyond stock. |
... |
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