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The Best One Yet

Google gets a Fitbit, AIG’s anti-catastrophe quarter, and Quip flips the razor/razorblade model

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 4 November 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

Remember when we mentioned Google could acquire Fitbit last Friday? It did. So we’re looking to understand why Google’s paying almost double the normal stock price. Insurance giant AIG doesn’t like catastrophes, and last quarter had fewer than expected. And electric toothbrush startup Quip just launched a floss that turns the razor/razorblade pricing model on its head.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 Jan. This is Snacks daily. It's Monday, November 4th.

0:05.9

Welcome back from a great week. Good time, Nick, because we decided this should be the best snack daily we've ever done.

0:11.6

Nick and I are in New York. We have a New York State of mind. Everything looks beautiful. I remember that taxi cab.

0:16.2

It was yesterday, I said, Ralph. Yellow checkers. Beautiful stuff. Three wonderful stories we got to.

0:21.9

First up, Google acquired Fitbit. Nick, pat on the back moment. We predicted this on Friday morning.

0:27.3

And it happened on Friday morning. Now we know what you're thinking. Kind of obvious.

0:32.2

They're going to compete with Apple Watch and growing the wearable segment and start selling ads for when people don't even have a phone and computer anymore.

0:38.5

Hey, Siri, show me an ad. Yeah, we get it. That's going to happen.

0:41.4

But we're going to talk about the premium because Google paid 65% more than Fitbit's like standard stock.

0:47.0

And that's going to be related to our takeaway. Nick, do you like catastrophes?

0:50.5

Not really. They're not my thing. Neither does AIG.

0:53.8

It's profits rose last quarter because of fewer natural disasters.

0:57.3

We're going to dive into the insurance company that basically caused the last recession.

1:01.2

Third and final story, the not quite unicorn of the day is quip.

1:04.0

It's not quite. It's almost a billion divation. Not really. It's about a quarter of that.

1:07.3

It's on every podcast as an ad. This is on the podcast.

1:10.9

As a story. It's a story.

1:13.1

We're going to talk about how it's doing the Razer, Razer Blade model.

1:16.4

But backwards. It's wild. Then before we jump into all that, we got kind of an early snack pack.

1:21.4

We promoted it to the intro. This is from Matt Collins in Grand Island, New York.

1:25.1

We showed up to this podcast recording an hour early.

1:28.2

What day is it? What time is it anymore?

...

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