Right About Now - Legendary Business Advice Weekly Business News for June 7 | There Is Actually A Plan! Mapping out Facebook's strategy to bring back the attention of Gen Z users.
TAKEAWAYS
- Wealth of the world's richest individuals
- Use of Apple AirTags in solving a theft case
- Facebook's efforts to attract younger users
- GameStop's stock influencer, Roaring Kitty
- Impact of a two-week break on viewer engagement in the NBA playoffs
- Fleeting nature of attention in today's world
- Concerns about the reckless race for dominance in artificial intelligence
- Use of AI in marketing campaigns
- Impact of certain individuals on the success of businesses
- Changing dynamics of the soda industry
TIMESTAMPS
The introduction (00:00:00) Introducing the show and hosts, highlighting the show's popularity and the hosts' banter.
Wealth of the world's richest individuals (00:04:46) Discussion on the increase in the number of high net worth individuals and their total net worth, attributed to the rising stock market.
Apple AirTags solving a theft case (00:10:10) A carpenter hides Apple AirTags in power tools, helping police crack a massive theft case, leading to a conversation about other potential use cases for AirTags.
Facebook's efforts to attract younger users (00:13:30) Facebook's struggle to attract younger users and its plan to woo Gen Z users back to the platform, including a discussion on Facebook Marketplace.
GameStop's stock influencer, Roaring Kitty (00:17:56) Discussion on the impact of Roaring Kitty's Reddit post on GameStop shares and the controversy surrounding retail trading and options trading.
Impact of a two-week break on NBA playoffs (00:20:41) The negative impact of a two-week break between the Eastern Conference and Western Conference playoffs on viewer engagement and momentum.
The attention span of viewers (00:21:32) Discussion about the fleeting attention of viewers, especially in the context of the NBA playoffs.
OpenAI's potential dangers (00:22:07) Concerns about the potential dangers of OpenAI's reckless race for dominance in artificial intelligence.
Facebook's use of AI in marketing (00:27:33) Discussion about US Bank's use of AI to create audience models for a national marketing campaign.
TikTok's algorithm and potential sale (00:31:40) Discussion about TikTok's algorithm and the challenges it faces in the US market.
Caitlin Clark's impact on the WNBA (00:33:48) Analysis of the impact of basketball star Caitlin Clark on the WNBA and her endorsement deal with Wilson.
Abercrombie & Fitch's resurgence (00:37:24) Discussion about Abercrombie & Fitch's record-setting first quarter sales and its brand strategy.
Doctor Pepper's rise in popularity (00:39:59) Discussion about Doctor Pepper's rise to become the number two soda brand in America, tied with Pepsi.
Waffle House and Coke (00:43:29) Discussion about the delicious combo of waffles, hash browns, and Coke, and potential sponsorship.
Weekend Plans (00:43:41) Mention of weekend plans and staying hydrated as the weather gets warm.
Appreciation and Sponsorship (00:44:40) Acknowledgment of audience support, encouragement for reviews, and appreciation for the sponsor, Brady Bills.
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