Pivot Hate on 8chan and why Scott's not quitting Equinox
Aug 9, 2019
Kara and Scott tackle the fallout from Cloudfare dropping 8chan due to its ties to hate speech and domestic terrorism. They debate consumer ethics regarding SoulCycle and Equinox's connections to the Trump campaign, with Scott resisting the urge to quit Equinox. The conversation shifts to Facebook's rebranding strategy for WhatsApp and Instagram, along with insights into credit card fraud. Scott shares his excitement about Apple's new titanium card while predicting a bright future for The RealReal's stock.
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Eddie Bauer Bankruptcy
- Scott Galloway recounts a boardroom story about Eddie Bauer's potential bankruptcy and a debate over fiduciary duty.
- This illustrates the conflict between maximizing shareholder value and considering other stakeholders like employees and the community.
Stakeholder Responsibility
- Companies are moving towards recognizing stakeholders beyond shareholders.
- Hiding behind absolutes like "free speech" avoids difficult ethical decisions.
Evaluate Support
- Companies must thoughtfully discuss their support for potentially harmful organizations.
- Consumers must accept occasional missteps as companies make discretionary decisions.