Etsy, AMC Stock and Hey, Free Popcorn

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 2 June 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Etsy has acquired fashion marketplace Depop for about $1.6 billion in a big bet on the coveted Gen Z demographic. Etsy CEO Josh Silverman discusses the acquisition as well as the company’s post-pandemic outlook. Fresh off its latest boost from Reddit-reading retail traders, AMC is launching “AMC Investor Connect,” an initiative that will put the movie theater chain in direct communication with its individual shareholders and even offers free popcorn. CNBC’s Robert Frank breaks down AMC’s rising fortunes amid the retail-trading boom. Grameen America, a leading micro-finance non-profit, wants to help close the racial wealth gap. Grameen America CEO Andrea Jung, announces a commitment of $1.3 billion in loans to 80,000 Black women entrepreneurs over the next ten years. Plus, Elon Musk is in dangerous waters with the SEC for his tweets - but the Tesla brand may be coming to a drive-in near you - and Amazon is adjusting its drug testing policy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music please.
0:05.0	This is Squawk Pod.
0:06.3	I'm C NBC producer Katie Kramer.
0:08.0	Today on our podcast,
0:10.1	ETSC, the online marketplace making an acquisition, does the pandemic darling have more room to run?
0:15.5	CEO Josh Silverman.
0:17.1	We're coming through the pandemic three times bigger than we were.
0:21.1	Millions of buyers have come to
0:23.7	at sea have loved what they found and I think it created all new
0:27.4	shopping habits.
0:28.8	Investing in entrepreneurs with microlo non-profit
0:31.8	gromine America CEO Andrea Young.
0:34.0	We will surpass $2 billion of loan capital to nearly 140,000 low-income women.
0:41.0	Those stories plus,
0:43.0	Baby shark do-doo-doo-doo,
0:45.0	Elon Musk, in Dangerous Waters, again,
0:48.0	Amazon is going to Pot, and AMC, CEO,
0:52.0	is taking to Twitter to connect with his newest shareholders.
0:55.6	CNBC's Robert Frank fills us in.
0:57.8	This is now kind of management by Neem and his compensation is tied to the stock price which is now tied to this whole
1:04.5	sort of social media phenomena and he's seizing the moment. It's Wednesday June 2nd
1:10.3	2021 Squawk Pod begins right now.
	...

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