Post-Covid E-Commerce with Marc Lore; Bitcoin & Big Tech

Squawk Pod

CNBC

News, Investing, Business, Business News

4 • 494 Ratings

🗓️ 14 May 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jet.com founder Marc Lore left his post heading Walmart’s e-commerce business for his own adventures in entrepreneurship and investing. In his first interview since his departure, Lore shares his vision for venture capital (with Alex Rodriguez) and his expectations for online shopping in a post-pandemic world. Tech stocks have had a rough month so far, but Insider CEO Henry Blodget says the tech sector may finally be settling into realistic valuations. He tracks bitcoin’s journey to 2021 and where crypto may go from here. Plus, Elon Musk is tweeting about dogecoin (again), and masks up--or down! The CDC says it’s your choice, if you’re vaccinated.

Transcript

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0:00.0	This is Squawk Pod. I'm C.N.C. producer Cameron Costa. Today on our
0:06.3	podcast, A Roller Coaster Week for the stock market, especially tech. But shrinking valuations may not be a bad thing.
0:16.0	Insider CEO Henry Blodgett.
0:18.0	The stocks that do have a good foundation of earnings and growth
0:22.0	have traded off less than the ones that are much more
0:24.9	speculative like Tesla where you have to imagine an utterly fantastic future for that stock ever
0:32.0	to justify its valuation.
0:34.0	We spent over a year shopping only online.
0:38.0	Former head of Walmart's e-commerce business Mark Lorry
0:41.0	is betting that that is only the beginning. I think COVID
0:44.8	definitely accelerated things probably pulled up e-commerce for a couple of years
0:49.0	still early innings here and feeling bullish still.
0:53.0	And he's making that bet with A-Rod.
0:56.1	Those stories, but first, Elon Musk is tweeting about Doge again, and masked, unmasked, come as you are, just as long as you're vaccinated.
1:05.0	March 29th, CDC director warns of impending doom.
1:10.0	So a lot of chance, you know what? I'm not complaining. It's much better. I'm very happy.
1:15.2	It's Friday, May 14th, 2021. Squack Pood begins right now.
1:21.7	Good morning everybody.
1:23.0	Welcome to Squack Box here on C.
1:25.0	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
1:29.0	O' overnight I like this.
1:31.0	I just had one thing to say about the colonial restart it's
	...

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