Zillow is flipping houses, CEOs are getting fired, and Party City stock dropped 67% in 1 day

The Best One Yet

Nick & Jack Studios

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

4.6 • 9.8K Ratings

🗓️ 11 November 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Party City’s stock dropped 67% after a brutal Halloween and helium crisis, so we’re looking at what issues it can actually control. Zillow has pivoted from just exposing real estate prices to also buying homes — that’s a big and risky bet. And with Gap’s CEO getting fired last week, 2019 has become a record year for CEOs losing/leaving their jobs.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, this is Snaps Daily, it is Monday, November 11th.
0:06.6	Thank you for being with us.
0:08.0	Happy Monday because we have the best one yet.
0:10.2	And thank you veterans for listening Happy Veterans Day to all our Snaps.
0:13.4	It's 11, 11, great day.
0:15.7	Homestous day, Veterans Day.
0:17.7	Snackers, let's hit our three stories where we got Jack.
0:20.2	Party City, on Thursday, the stock dropped by 67%.
0:22.9	I don't know if I've ever seen a stock drop.
0:25.1	No joke, we double checked it.
0:26.9	It's not just because of the helium crisis.
0:29.5	We're looking at what it can control and what it can control.
0:32.3	Helium, it can control.
0:33.3	Yeah, that was actually a big issue.
0:34.6	Zillow, the real estate website.
0:36.6	First democratized real estate listings.
0:38.4	And now it's flipping houses.
0:39.9	They're not just telling you how ridiculously expensive a home is.
0:42.8	And the surprise of the day.
0:44.4	Gap, just got rid of its CEO.
0:46.7	Record number of CEO departures this year, Jack.
0:49.8	It's a CEO of Pacalettes.
	...

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