EBay sells off StubHub for $4B — Uber gets cancelled from London — Charles Schwab’s Lannister-style acquisition of TD Ameritrade

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 26 November 2019

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ebay snagged StubHub for itself in 2007 for $300M, but it just sold the ticket company for a cool $4B. Uber has officially been rejected from London because policy risk is a real thing. And Charles Schwab treated itself to an early gift by buying up rival TD Ameritrade for $26B — and the strategy was straight out of Game of Thrones.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.
0:04.3	Daily is Tuesday, November 26th.
0:07.1	Happy day before Thanksgiving Eve.
0:09.0	Turns out this is the best Snacks daily we've ever done before Thanksgiving.
0:12.9	I got my first turns in at Sugarfish Skewers Art in Vermont.
0:16.1	Nick is kicking it in New York City, and we're bringing you three great stories.
0:20.3	Jack, I jumped over six cobblestones to get to this studio.
0:23.3	Can we start it off?
0:24.3	Story number one, what have you got?
0:25.8	eBay bought a company called StubHub back in 2007 for $300 million.
0:30.9	And yesterday, it sold the company for $4 billion.
0:34.8	That's a nice flip right there.
0:36.2	The company they sold it to, Europe's Viegogo, aka, basically the same thing as
0:40.3	Ticket Master and StubHub, but it's in Europe and does the same kind of thing.
0:43.8	Yeah.
0:44.4	They all charge annoying delivery fees for like 40% when you buy tickets online.
0:49.1	Yeah, you're like, I'm accessing the content on my phone.
0:51.2	Why is Taylor Swift not getting this money?
0:52.9	Where's that 12 bucks going?
0:54.0	Oh wait, it's because I bought this ticket.
0:55.4	Second story is Charles Schwab.
0:57.7	It cut trading commissions to $0 last month.
	...

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