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The Best One Yet

“Lulu, Lulu, on the wall” — Lululemon acquires Mirror. Uber may buy Postmates. Netflix’s $100M black bank bet.

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 1 July 2020

⏱️ 18 minutes

🧾️ Download transcript

Summary

Athleisure icon Lululemon splurges $500M to acquire Peloton-ish in-home workout startup Mirror. Fresh off its acquisition breakup with Grubhub, Uber is looking to rebound with Postmates instead. And Netflix will stream $100M of its cash into black community banks to fix the bank desert hole in the financial system. $LULU $UBER $NFLXHere’s a Robinhood Learn article, authored by Nick and Jack (What is an ETF): https://bit.ly/3gfhd48Here’s Robinhood’s Newsfeed, accessible if you download the Robinhood app and set up an account: Snackspodcast.robinhood.comLearn 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.

0:02.8

And this is Snacks Daily, it is Wednesday July 1st Jack.

0:06.6

It is July 1st, Nick.

0:09.1

I feel like I'm lacking my typical summer glow.

0:12.0

Jack, I feel like at this point we can just round up and go right to 2021, right?

0:15.4

I don't know, but my skin is basically whole milk right now.

0:19.8

Snackers, this is the best Snacks daily we've ever done.

0:24.1

First story on the T-boy Jack.

0:25.4

Lulu Lemon just blended in some Silicon Valley tech into its traditional spandex yoga recipe.

0:31.0

Not to shavvy, Lulu Lemon splurged half a billion dollars to acquire Mirror.

0:36.0

Mirror being, of course, the Peloton of Fancy Furniture.

0:38.7

Second story, Jack, what else can we sit on?

0:40.6

Fresh off failing to acquire GrubHub, Uber has found a rebound acquisition in postmates.

0:46.3

Just like Mom always used to tweet, there are plenty of fish in the delivery app, see?

0:51.1

You gotta say it again and again.

0:52.2

Mom's tweeting now, huh?

0:53.6

She was an early adopter, not our moms.

0:55.6

Third and final story, Netflix did the Black Lives Matter post like so many other corporations did.

1:01.0

Exactly one month later though, they're taking a neighbor bigger step.

1:04.6

They're putting some of their money into Black community banks.

1:07.9

Snackers, before we hit those three great stories,

1:10.2

our sports list spring and summer is almost over.

...

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