Shake Shack’s 18% surge, Disney’s record year, and IAC — the VC-like public company (indirectly) powering Tinder

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 7 August 2019

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

FYI, take the Snacks survey so we can get to know our Snackers better (fun fact: you could win a $100 Amazon gift card): www.listenerq.com/snacks —Shake Shack popped 18% not just because of a new strategic move, but because its leadership was open to changing its mind. Disney’s earnings hit record revenues, but spent $3B more money than it made because of acquisitions. And IAC owns a piece of everybody in the human-connecting-human apps industry, including Tinder and Angie’s List.Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	This is Nick, this is Jack, and this is Snacks daily.
0:04.8	It is Wednesday, August 7th, and this is the best Snacks daily.
0:08.7	We have ever put out there for any.
0:10.4	Here we go.
0:11.4	This is a big rebound from six days of losses in a row.
0:14.6	The Dow jumped by 300 points yesterday.
0:17.1	And that was after its worst loss of the year.
0:19.3	It didn't matter.
0:20.3	We came in, we had bright eyes, we were curious.
0:22.2	We found three wonderful stories for you.
0:24.2	Basically the freak out, by the way, that happened with the Chinese currency yesterday.
0:27.6	It kind of stopped yesterday.
0:29.1	So markets really rebounded.
0:30.9	Things relaxed.
0:31.9	Jack, what story number one?
0:32.9	All right, Disney had a record movie quarter, but profits just plunged by 40%.
0:38.6	Because of two gigantic acquisitions.
0:41.0	New episode we got to talk about here.
0:42.8	What does the company actually do?
0:45.7	We'll break it down for Disney.
0:47.0	The second story is Shake Shack.
0:49.2	The stock surge by 18%.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nick & Jack Studios, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nick & Jack Studios and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.