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The Best One Yet

“Nikola & Theranos. Different companies, same accusations.” — Nikola’s 19% drop. Chime’s $14.5B swipe. BJ’s Costco-fication.

The Best One Yet

Nick & Jack Studios

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

4.69.8K Ratings

🗓️ 22 September 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Nikola is kind of like Tesla’s stunt double, and its founder just resigned amid accusations of investor deception (CC Elizabeth Holmes). BJ’s is the cinderella story of the Warehouse Wars after its stock almost doubled this year. And our “Unicorn of the Day” is digital banking app Chime, which hit a $14.5B valuation. It wants you to think it’s a bank, but not investors.$NKLA $BJGot 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

Click on a timestamp to play from that location

0:00.0

This is Nick, this is Jack, and this is Snack's Daily, it is Tuesday, September 22nd.

0:06.9

Happy first day of fall, or is it the last day of summer?

0:10.4

You'll look like a cableman sweater, was that yesterday or is it midnight tonight?

0:13.6

I'd like a pumpkin spice latte, please, but one pump, not four pumps.

0:17.8

I think it depends if you're in the Northern or Southern hemisphere.

0:20.7

Snackers, this happens to be the best one yet.

0:24.2

Let's see what's happening on our T.B.O.Y. Jack first story, what do we got?

0:28.0

Nicola tried to ride Tesla's coattails to billions and to fame, but Jack and they have driven too close to the sun on a car that doesn't exist yet.

0:36.9

For our second story, BJ's is number three to Costco and Sam's Club in the warehouse wars.

0:42.6

But get this, now it's actually beating them at something.

0:44.8

For our third and final story, Chime, it isn't a bank, nope, it's an app that's worth $14.5 billion.

0:51.4

The digital neo bank has grown in value by get this 900% in a year and a half.

0:56.8

Don't call it a bank.

0:58.8

It doesn't want you calling it a bank either.

1:00.5

But Snackers, first, happy T.B.O.Y. Tuesday to you all.

1:03.9

Before we reach into those three wonderful stories, it's also the fourth Tuesday of September.

1:08.6

Which means it's National Voter Registration Day.

1:11.8

I wonder about the September's that only have three Tuesdays.

1:14.6

Those are only in odd number of years, maybe by the way, Jack, we always know this because it's the day after National Peacant Cookie Day.

1:22.1

Snackers, whether it's civic duty or just getting your hands on one of those free,

1:25.7

I voted stickers that we all post on Instagram.

1:27.9

We feel yeah, there is no FOMO worse than the FOMO of El Veda Font stickers.

...

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