Shopify Board proposes share restructuring + The Atlantic's Derek Thompson, Why American Teens Are So Sad | E1433

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 13 April 2022

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

First we discuss Shopify planning 10-to-1 stock split & increasing CEO/Founder Tobi Luke’s control from 34% to 40% (1:42). Then, the Atlantic's Derek Thompson joins to discuss his piece “Why American Teens Are So Sad” (25:59), including the impacts of new-parenting styles (33:38), social media (44:10) and infinite news.

Check out Derek's piece: https://www.theatlantic.com/newsletters/archive/2022/04/american-teens-sadness-depression-anxiety/629524/

FOLLOW Derek: https://twitter.com/DKThomp

(00:00) Jason and Molly tee up today’s show
(01:42) Shopify planning 10-to-1 stock split & increasing CEO/Founder Tobi Luke’s control from 34% to 40%
(14:31) Rocket - Go to http://getrocket.com/twist and use promo code TWIST for 20% off your first placement.
(15:44) Is Tobi Luke pressing his advantage?
(24:45) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist
(25:59) Talking to The Atlantic's Derek Thompson about his piece “Why American Teens Are So Sad”
(32:14) Dell For Startups - Apply and get up to 45% off at http://dell.com/twist
(33:38) How does parenting or over-parenting play into increased teenage sadness?
(44:10) Should social media be regulated for kids similar to alcohol?

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	Hey, everybody. We got a great show for you today. First, we're going to talk about Shopify's
0:05.0	proposed 10-to-1 stock split and why the board wants to increase CEO and founder,
0:09.8	Toby Lookey's control from 34% to 40%. And should these companies, public ones,
0:14.8	even have this kind of founder control? Yeah, what is even private versus public anymore? And then
0:19.6	we have an unexpected guest because we are obsessed with this topic. We're joined by Derek Thompson
0:25.6	from the Atlantic. And we had a bunch discuss his article in the Atlantic. Why American teens
0:31.6	are so sad? Yeah, it is four forces, evidently, that are propelling the rising rates of depression
0:38.7	among young people, including, as you might imagine, social media, but not exclusively social media.
0:44.8	Yeah, it's a really deep, deep discussion and important discussion, a rambling discussion,
0:49.6	but one, you're not going to want to miss. It's going to be a great show. Stick with us.
0:53.3	This week in startups is brought to you by Rocket.
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1:45.5	Looks like we have more stock splits and governance to talk about, Molly.
1:50.7	Shopify has some plans. Shopify has some plans to not have a Dow style takeover, apparently.
2:00.9	I mean, I don't think that's exactly what's happening here, but since we have been having this
	...

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