PBD Podcast WAP and MickeyD's | PBD Podcast | EP 3
Aug 12, 2020
Joshua Feuerstein, a provocative social commentator and pastor, joins Patrick Bet-David and Adam Sosnick for a spirited discussion. They dive into McDonald's lawsuit against its ex-CEO and Salesforce's impressive $700 million earnings. The team also humorously examines why planes still rely on floppy disks. A cultural critique of Cardi B's 'WAP' sparks a conversation about hip-hop's influence on youth identity and politics. The talk wraps up with insights on China’s significant investment in Armenia and its geopolitical implications.
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Salesforce's Zoom Investment
- Salesforce invested $100 million in Zoom in April 2019, buying 2.8 million shares.
- They recently sold these shares, netting an estimated $317-705 million profit.
Carl Icahn's Mall Bet
- Carl Icahn made $1.3 billion by betting against brick-and-mortar shopping malls.
- His investment, which gained fame in 2008, profited from the decline of physical retail.
The Future of Malls
- Malls need to adapt by incorporating entertainment to attract customers.
- Combining shopping with entertainment offers a potential business model for struggling malls.
