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Motley Fool Hidden Gems Investing

Greed is Short

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 28 February 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

When a struggling business comes out with good news, it usually spells trouble for the shorts. Just ask those betting against Beyond Meat today. (00:21) Asit Sharma and Dylan Lewis discuss: - Apple’s automotive ambitions “Project Titan” seemingly being wrapped up, and what it means for the tech company. - Beyond Meat’s short-squeeze-fueled 40% spike, and why shorts are getting greedy with Beyond and some other companies right now. - Coupang’s continued rise as the major player in e-commerce in South Korea. (17:08) Deidre Woollard talks with Carrie Sun, author of the new memoir, “Private Equity,” for a behind-the-scenes look at life at a hedge fund. Companies discussed: AAPL, BYND, CPNG Host: Dylan Lewis Guests: Asit Sharma, Deidre Woollard, Carrie Sun Producer: Mary Long Engineers: Chace Pryzlepa, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Apple's Project Titan isn't as monumental as the name implies.

0:09.0

Motley Full Money starts now. I'm still no. I'm Dylan Nooise and I'm joined over the airwaves by Motley Full analyst

0:24.0

Ossit Sharma. Osset thanks for joining me today.

0:27.0

Dylan, thank you for having me.

0:29.0

We've got a double stack, short squeeze and the inside scoop on the world of hedge funds.

0:33.0

But we're going to kick off today talking about a long-awaited car

0:37.0

that it appears will never arrive.

0:39.0

Osset, after almost a decade of speculation,

0:42.0

Apple is apparently abandoning its vehicle efforts,

0:45.6

word out this week that the tech giant will be shifting employees working on its auto ambitions,

0:50.7

cod name Project Titan, over to other projects, including those focused on

0:54.9

artificial intelligence.

0:57.0

You know, this comes as little surprised, maybe to some, just because Apple has been working

1:02.1

for so many years on this effort.

1:04.6

It hasn't been able to come to fruition.

1:07.3

So perhaps this writing was there on the wall.

1:10.4

But before we get into maybe some of the implications of the not so great part of doing this investment for so many years, I just want to say that Apple has so much in terms of engineering talent on hand,

1:23.4

so much on its balance sheet,

1:25.2

so much time to innovate that it can do

1:27.8

skunkworks projects like this

1:29.6

that for any other business would be existential

1:32.0

and just pull off and that's maybe not necessarily a bad thing.

...

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