🚌 “The Tesla of School Buses” — Zum’s $1B e-Schoolbus. Norway’s huuuuge wealth fund. 23&Me’s riches to rags story.
The Best One Yet
Nick & Jack Studios
4.6 • 9.8K Ratings
🗓️ 1 February 2024
⏱️ 20 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Zum just hit a $1.3B valuation for reinventing the school bus: Electric and smart — but since kids are involved, they’re facing some speed bumps.
23&Me pioneered the home DNA test, but now they’re close to bankruptcy — because of the “The Macarena Problem”: One-hit-wonder”
And the largest stock fund in the world? It’s Norway — Norway’s sovereign wealth fund owns 2% of the world’s stocks (no joke) and just had a record year… thanks to oil and oranges (we’ll explain)
$ME $TSLA $UBER
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Transcript
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| 0:00.0 | Wunderry Plus subscribers can listen to the best one yet, ad free right now. |
| 0:05.0 | Join Wunderry Plus and The Wundery app on Apple Podcasts. |
| 0:09.0 | This is Nick, this is Jack. |
| 0:11.0 | It's Thursday, the new Friday. |
| 0:13.0 | February 1st in today's pot. |
| 0:15.0 | It is the best one yet. |
| 0:18.0 | It's a T-boy. |
| 0:19.0 | The top three pop business news stories you need to know today. |
| 0:22.0 | And we got an extra day on this month, don't we, Jack? |
| 0:25.0 | Happy February, it's a leap year, so there's 29 days this year. |
| 0:28.0 | First story for today's show, what do we got, Jack? |
| 0:31.0 | For our first story, it's Zoom, Z-U-M. It's the Tesla of school buses and it just hit a |
| 0:36.3 | 1.3 billion dollar valuation. Because the biggest transportation network in America |
| 0:41.8 | it's school buses. |
| 0:43.2 | For our second story, it's 23 and me. |
| 0:45.6 | The pioneer of DNA testing has fallen 98% since going public. |
| 0:49.6 | Jack, what went wrong with 23 and me? |
| 0:52.0 | We call it the Macarena problem. |
| 0:53.9 | The Macarena problem. |
| 0:55.3 | And our third and final story is the largest investment fund |
| 0:59.2 | in the world. |
| 1:00.2 | It's the Norwegian Sovereign Wealth Fund. |
... |
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