The hosts analyze Uber's closure of Drizzly, an alcohol delivery service it acquired in 2021, discussing the reasons behind such business decisions and the changing market dynamics. They highlight the financial context and reflect on the initial rationale for the acquisition during the pandemic.
The DOJ logs a win against airline consolidation, and Uber takes a sober look at a 2021 acquisition.
(00:21) Asit Sharma and Dylan Lewis discuss:
- Why JetBlue’s $3.8B acquisition of Spirit Airlines hit a snag.
- Elon Musk’s comp package at Tesla, and what investors should think of his desire to have 25% voting control.
- Uber’s plans to shelve Drizly two years after buying it for $1.1B.
(13:36) Dave Holeman is the CEO of Whitestone REIT, which focuses on open-air retail centers. He talks to Deidre Woollard about why restaurants are the new anchor stores and how shopping habits are changing.
Companies discussed: SAVE, JBLU, TSLA, UBER, WSR
Host: Dylan Lewis
Guests: Asit Sharma, Deidre Woollard, Dave Holeman
Engineers: Dan Boyd
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