Uber Freight’s $200M annual allowance, Starbucks’ 1st pick-up only store, and AT&T’s 23-page love/hate letter

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 10 September 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Uber is already deeply unprofitable, but whipped up $200M to invest annually in its fastest-growing business: Uber Freight. Starbucks will launch its 1st pick-up only store in New York this fall, but it’s the early sign of American companies copying Chinese ones. And AT&T was smacked with a 23-page letter by a new major hedge fund investor, and it’s calling for huge change.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 Jack.
0:02.8	This is Snacks.
0:03.8	Daily, it is two days of 10th.
0:05.7	How are we feeling right now?
0:06.5	This is a good one.
0:07.5	This is a little better than yesterday.
0:08.5	This is the best one yet.
0:09.5	It's a lot better than yesterday.
0:10.5	So our story is AT&T.
0:11.9	It just got a 23 page love hate letter from one of its biggest investors.
0:15.8	A hedge fund bought $3 billion of the company and then basically said everything it's
0:19.6	doing is completely wrong.
0:20.6	Finance is weird, but this is the ultimate shade for our hate with people right on
0:24.2	letter about me like this.
0:25.2	Second story is Uber.
0:26.2	Uber freight is now a thing.
0:28.4	Uber is getting $200 million of investment per year.
0:33.0	It could become bigger than the Uber.
0:35.8	Third and final story, just in time for Pumpkin Spice La Te Season.
0:39.6	Starbucks will open its first.
0:41.1	Pick up only store in New York City.
0:43.0	But it highlights a key future trend we weren't expecting.
	...

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