⛏️ “He’s a gold digger” — Adidas $800M Kanye loss. Shopify’s quitting reward. Michelle Obama’s snacks.

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 8 May 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Adidas first thought that ending Kanye’s Yeezy line would cost it $250M, but turns out it was $800M… cause when you live by the Influencer, you die by the Influencer. Shopify just announced it’s giving up on its biggest dream, but Wall Street rewarded it for quitting. And Michelle Obama’s first startup is kids snacks and drinks — because the biggest thing in food right now is small. $ADDYY $SHOP $KWant merch, a shoutout, or got TheBestFactYet? Go to: www.tboypod.comFollow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypodAnd now watch us on YoutubeLearn 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.
0:02.3	Welcome back, it is Monday, May 8th.
0:05.1	Then today's pod is just the best one yet.
0:08.8	It is a team-up.
0:10.0	Last week, the Dow jumped by 500 points.
0:13.0	On Friday, the Dow leaped by 2% not too shabby, Jack.
0:17.6	But honestly, can we retire the Dow Jones industrial average?
0:20.8	I think I know you're getting it, I think you should continue on.
0:23.0	What is this thing?
0:23.8	First of all, it's not industrial.
0:25.6	That's a good point.
0:26.4	It's not an average number.
0:27.4	That's a fair point.
0:28.4	Who the heck is Dow Jones?
0:30.0	Either way, the Dow's up 500 points, Jack.
0:33.0	What's our first story?
0:34.0	Adidas US sales dropped by a shocking 20% last quarter because of Kanye.
0:39.4	Yeah, he's Adidas.
0:40.4	It didn't just lose sales.
0:41.8	It lost the love.
0:43.6	For our second story, Shopify just made a major announcement in their battle against Amazon.
0:48.4	Shopify, they're proven that you can get rewarded for quitting.
	...

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