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The Best One Yet

Fortnite acquires Houseparty, Restoration Hardware’s rebel upscale strategy, and our “Unsexy Industry of the Day” is Crowdstrike’s IPO

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 13 June 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Restoration Hardware (aka RH) surged 20% after its earnings for its new magazine strategy (the opposite of everyone else). Gaming legend Fortnite acquires Houseparty in a move that may redefine the future of social media. And Crowdstrike surged 71% on its IPO day, so we made cybersecurity sexy as our “Unsexy Industry of the Day.”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 Chen. This is Snacks daily. It is Thursday, June 13th.

0:05.5

And this is the best one yet. It's T-Boy. T-B-O-I. T-B-O-I. We got one more before the weekend.

0:10.5

How do markets do? Markets dipped, but so slightly. We don't even know.

0:13.6

It's not even going to talk about it. You know what? Let's move on. Let's get on with our lives.

0:16.0

First story of the day is restoration hardware. The stock jumped 20% after its earnings report,

0:20.3

but we're focused on one detail. The ridiculous, the ridiculous, the ridiculous,

0:24.1

upscale-ishness of this company. Two terms for you. R-H-Beach and R-H-Ski.

0:31.1

Our second story is an acquisition you might not have noticed. The Hangout app house party just got acquired by Fortnite.

0:37.3

Says a lot about the future of social media. We're gonna jump into that one.

0:40.8

Third and final stories are unsexy company of the day. We got to throw this in. We did one last month.

0:44.8

We're talking crowd-strike. It just died, P.O.D. and I got to say, strutting its way down was pretty sexy on its first day.

0:50.2

Very cool. Up 71% and this thing to cyber security well.

0:54.2

But before you get into that, apparently kids are needing their vegetable pieces.

0:57.9

Story of everyone's lives, apparently. Pretty timeless.

1:00.3

Good thing a craft just came out with like an option.

1:02.7

Craft is throwing parents a bone. It's rebranding ranch salad dressing.

1:07.0

That's all it needed, apparently. Salad frosting. A little bit of a market switch.

1:10.3

So the label actually says frosting and now it comes in a tube that looks very frosting-ish.

1:15.2

Straight to your mouth. This is like a caprice-sunish kind of thing.

1:17.5

So basically if you're a parent struggling to get your kids to have broccoli and carrots-

1:20.9

Apparently still a thing.

1:21.7

It might help if you tell the kids, hey kids look, frosting.

...

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