Peloton takes down Flywheel, Supreme Court says you can sue Apple, and the “Unsexy Companies of the Day”

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 14 May 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Spin studio chain Flywheel has been taken over by one of its investors because it’s losing the fitness wars to tech-focused Peloton bikes. Apple fell on word from the Supreme Court it can be sued over for its App Store monopoly. And as trade war drama dropped markets big, our “Unsexy Companies of the Day” earned some air.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, this is Jack, and this is Snacks daily.
0:04.6	It's Tuesday, May 14th.
0:06.0	This is the best one.
0:07.3	Yes.
0:08.3	Straight up TBOY, markets?
0:09.4	Tanked again.
0:10.3	Not the best one yet for us.
0:11.5	China opened up trading with another announcement that 60 billion of new tariffs are going
0:16.0	to hit the US.
0:17.0	Happy Monday.
0:18.0	In retaliation for what happened Friday.
0:19.8	Markets started the day down, the Dow was down like 400 points, then what happened by
0:22.7	lunch?
0:23.7	Trade war and markets don't go well together.
0:25.2	The Dow was down by over 700 points.
0:27.3	And sweet green sounds aren't going to make that feel better.
0:29.5	Now, three wonderful stories that we found.
0:32.6	Can I start things off with Peloton?
0:34.0	Please kick that off.
0:35.0	Peloton, the at home spinning bike phenom is preparing to IPO, but yes, it has claimed
0:39.6	its first official death victim.
0:42.2	Flywheel, oh by the way?
	...

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