Prof G Markets: Google’s Antitrust Trial, Birkenstock’s IPO, and Surge Pricing at the Pub
Sep 18, 2023
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Scott Galloway welcomes Ed Elson, an Analyst at Prof G Media, to dissect some of the hottest topics in markets today. They argue the case for breaking up Google amidst its antitrust trial, weighing the pros and cons. The excitement around Birkenstock's IPO reveals insights into its direct-to-consumer strategy and brand loyalty. Additionally, they tackle the controversial nature of surge pricing in various industries, sparking a lively debate about its implications for consumers and market dynamics.
Birkenstock's IPO is expected to be successful due to its strong brand and global presence.
Google's antitrust trial could lead to significant changes in its business practices and have far-reaching implications.
Deep dives
Birkenstock files for IPO with an estimated valuation of over $7 billion
German shoemaker Birkenstock has filed for an IPO, and it is expected to garner a valuation of more than $7 billion. The company, which is majority-owned by private equity firm El Cataton, has seen strong growth in its direct-to-consumer business and has a loyal customer base. With its iconic brand and global presence, Birkenstock is poised for success in the IPO market.
Google faces antitrust case for alleged anti-competitive behavior
Google is currently facing a significant antitrust trial in the US. The case alleges that Google has engaged in anti-competitive behavior, particularly through its practice of paying companies, such as Apple, to make its search engine the default option on mobile phones and computers. The outcome of this trial could have far-reaching implications for the tech giant and may lead to changes in its business practices.
Surge pricing introduced in UK pubs to mixed reactions
In a controversial move, Stonegate Group has introduced surge pricing at 800 of its 4,000 pubs in the UK. The pint of beer prices will vary depending on the time of day and day of the week, with higher prices charged on weekends and evenings. This pricing strategy has sparked anger among consumers who are already dealing with higher beer prices due to inflation. While surge pricing is common in other industries, its introduction in the pub industry has received mixed reactions.
The Fed's interest rate decision and anticipation of a possible rate hike
The Federal Reserve is set to make its latest interest rate decision, with economists expecting a pause in rate hikes for this month. However, there is still a possibility of another hike later this year. The decision will be closely watched as it will provide insight into the Fed's stance on monetary policy. The outcome will have implications for various sectors of the economy and could affect borrowing costs and investment decisions.
This week on Prof G Markets, Scott makes a case for breaking up Google. He then shares his excitement around Birkenstock going public, and discusses the merits of surge pricing across industries — even at the pub.