“Needed more Lizzo juice” — Snapchat launches TikTok+. Reebok’s $4B fail. Warner Music’s muted money.

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 24 November 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the biggest social media launch of 2020, Snapchat zucked TikTok… but kicked things up nine notches (you’re not a viewer, you’re a voter). Adidas bought Reebok for nearly $4B 15 years ago and is now trying to sell it for a quarter of that (what happened?). And Warner Music Group is part Spotify, part Live Nation, part Coldplay. $WMG $ADDYY $SNAPGot a SnackFact? Tweet it @RobinhoodSnacks @TBOYJack @NickOfNewYorkWant a shoutout on the pod? Fill out this form:https://forms.gle/KhUAo31xmkSdeynD9Learn 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, and this is Snacks daily.
0:04.6	It is Tuesday, T-Boat Tuesday, November 24th.
0:07.2	Nick, we just transferred our turkey from the freezer to the fridge.
0:10.6	Nick, 24 hours.
0:12.5	For every four pounds of meat.
0:13.8	Jack, did you hear about that guy who shot his own turkey this year?
0:16.4	No.
0:17.4	Apparently everyone at the grocery store was pretty freak.
0:19.6	And this happens to be the best one yet when it comes to Snacks daily, Jack, first story.
0:26.3	Snap rose 2% after launching the most unique social media product of 2020.
0:30.9	So they're calling it Spotlight.
0:32.2	Jack and I are calling it TikTok Plus.
0:35.0	TikTok Plus.
0:36.2	TikTok Plus.
0:36.7	For our second story, Adidas is reportedly trying to sell Reebok.
0:40.1	Honestly, Jack, the saddest part about this, Adidas stock rose on word they're breaking up.
0:44.4	That is so awkward.
0:45.4	Tough day for Reebok.
0:47.0	Third and final story, Jack.
0:48.0	What do we got?
0:48.5	Warner music's earnings.
0:50.2	Give us a taste about the entire music industry.
	...

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