Chobani’s Greek yogurt strategy, Marriott’s “resort fee” call-out, and Blackstone’s digital “ad-quisition”

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 16 July 2019

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chobani whipped up a new line of nut butter Greek yogurts — The Greek yogurt industry is struggling, but Chobani is using Coca-Cola’s spinoff strategy. Marriott has been charging “resort fees” for years, but now the DC Attorney General has a problem with it. And publicly-traded private equity firm Blackstone just made an acquisition of the mobile ad optimizing startup that’s taking on Google and Facebook’s ad game.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.
0:02.8	This is Snacks daily.
0:03.8	It is Tuesday July 16th.
0:05.8	Happy birthday, Todd.
0:06.8	We said that yesterday.
0:08.0	This is the best one yet, even though quarterly earning season started with a whimper.
0:12.8	Technically, Stocks didn't even budge yesterday.
0:15.0	All right.
0:16.0	Three stories for you.
0:17.0	First, Blackstone.
0:18.0	You're spending $750 million to buy a mobile ad company that's called Vungal.
0:22.1	So we'll explain how Vungal is different than Facebook and Google.
0:24.8	We're going to try not to vungal the story for you, Todd.
0:27.2	One story at Chobani, the New Berlin, New York-based Greek yogurt legend.
0:32.1	Just released a line of nut butter-based yogurts.
0:34.5	So we'll break down the Greek yogurt industry.
0:36.4	Spoiler alert, it hasn't been pretty for the Greek yogurt industry.
0:39.2	Third and final story, Marriott Hotels just got outed by an attorney general in Washington,
0:44.2	D.C. for ripping people off with the ambiguous resort fees.
0:47.8	This one threatens one of Marriott's key profit puppies.
0:51.1	The resort fee.
0:52.1	We got to jump into that one.
	...

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