“More change in 1 year than 50” — r/wallstreetbets’ day 3. GM’s Netflixification. Facebook’s awkward Apple.

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 29 January 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

We don’t usually cover a story 3 days in a row, but this is different: We’re looking at how r/wallstreetbets made the industry uncomfortable. General Motors is going 100% electric by pulling a move straight outta Netflix. And the wildest part of Facebook’s earnings report… was Zuck’s focus on Apple.$GME $NFLX $GM $FB $AAPLStatement from Robinhood on yesterday’s events: https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility 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.
0:02.0	This is Jack.
0:03.0	And this is your Snacks daily.
0:04.8	It is Friday, January 29th.
0:06.9	We're making this the best one yet.
0:09.0	TVOI Jack, what's our first story today?
0:11.4	After days and weeks of wild surges on the stock market from stocks like GameStop, the
0:16.0	brokerage industry halted it yesterday.
0:18.4	Snackers, we're gonna break down what we know, what we don't know.
0:22.4	Second story, Jack.
0:23.4	For our second story, General Motors is trying to pull off the biggest pivot in car history.
0:27.8	Jack, I got one word for you, net flicksification.
0:31.4	That's what they're going for.
0:32.4	Third and final story, Facebook had its best quarter ever last holiday season, but now
0:37.5	it's afraid of iPhones.
0:38.9	Fair question here.
0:39.9	Do you wanna hate ads or do you wanna hate ads a lot less?
0:43.8	Snackers, before we hit those three stories, Nick and I wanna tell you our thoughts on what
0:47.6	is happening on the stock market this week.
0:49.7	So Snackers, I woke up yesterday and one of the first things I see is that GameStop
0:54.6	stock had halted trading on a Robinhood app.
0:57.6	We later learned the reason that Robinhood restricted the buying of some of these heavily
	...

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