Snapchat’s 2 biceps of tech, WeWork’s pre-IPO debt-a-palooza, and the big minimum wage report

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 9 July 2019

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

So far in 2019, Snap’s stock is up 160% — we’re looking at the 2 biceps of tech powering that silent comeback. WeWork wants to IPO, but first, it’s taking on some debt. A lot of it. And it’s the same strategy as a college athlete going pro. And the Congressional Budget Office’s minimum wage report reveals some key insights on the nation’s paycheck policy if everyone made $15/hour.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 Chad.
0:02.8	This is Snacks, daily is Tuesday, July 9th.
0:06.0	And we got a T-boy the best one yet.
0:07.8	This is actually the best one we ever done in July.
0:09.4	Three stories today.
0:10.4	First, we noticed that Snapchat tripled the stock since February.
0:14.1	Not too shabby.
0:14.8	Unbelievable.
0:15.6	It's staging a silent comeback.
0:17.5	It's focusing on two keys here.
0:18.8	The two like biceps of tech.
0:20.6	Boom, grow into those and engage.
0:22.4	There you go.
0:22.9	The second story is we work.
0:24.6	It wants to IPO later this year.
0:26.3	Who doesn't?
0:27.0	But it's reportedly doing something else first,
0:30.2	borrowing a casual $4 billion.
0:32.2	A little IOU, by the way, if you're wondering why the strategy,
0:34.8	blame Uber and Lyft for the strategy plans.
0:37.5	The third and final story is the Congressional Budget Office.
0:40.8	It just analyzed the $15 nationwide minimum wage proposal.
	...

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