Uber lost $543,478 per hour last quarter, Walmart launches alcohol pickup, and Under Armour plummets 18% on sneakers

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 5 November 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber lost a shocking $1.2B last quarter, but now it’s hoping/planning to hit profitability in 2021 (same as Lyft). Under Armour is suffering from a sudden accounting investigation, but the real issue is with its core business, and its sneakers. And Walmart launched alcohol pickup (and some delivery) across 2,000 stores because it can’t beat Amazon on price.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, this Tuesday, November 5th.
0:06.0	Yeah, we're one year away from the election.
0:08.3	Get ready for a lot of ads in your face, probably.
0:10.5	Get ready for some in-your-face terrible hate-hats.
0:12.5	In the meantime, Jack and I decided we should make this the best Snacks daily we've ever done.
0:17.5	Well, markets are on a record high.
0:19.2	That's what I heard today.
0:20.4	We're kicking it off with Under Armour, who is not feeling good right now.
0:23.8	No, not at all.
0:24.6	Or, uh, CEO, step down the other week.
0:25.8	Earnings were bad.
0:26.6	That was a trouble.
0:27.4	There's a borderline scandal brewing on it.
0:29.2	All of it happened yesterday, some that broke on Sunday night.
0:32.0	We're gonna break this thing down.
0:33.0	Yeah, we're gonna do the story.
0:33.8	Second story is Walmart.
0:35.1	Okay.
0:35.4	It just launched alcohol pickup at 2,000 Walmart locations.
0:39.2	For one single reason.
	...

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