The Rundown StubHub Files for IPO, BYD Annual Sales Top $100B for First Time
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Mar 24, 2025 In a lively discussion, the podcast dives into stock market updates, emphasizing the potential impact of PCE inflation and key earnings reports. The spotlight shines on BYD, highlighting its remarkable sales surge, while StubHub's IPO plans are fueled by a boom in ticket sales. Listeners also gain insights into stock market movements, including Boeing's rise and 23andMe's struggles. The show wraps up with a deep look into the Boston Celtics' recent acquisition by a private equity firm, posing intriguing questions about the future of sports franchises.
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BYD's Rise in Auto Industry
- BYD, a Chinese automaker, has surpassed Tesla in sales, reaching over $100 billion.
- Despite not selling in the US, BYD's global presence is growing, with Warren Buffett as an early investor.
StubHub's IPO Filing
- StubHub filed for an IPO after postponing it last year due to market conditions.
- Their revenue grew by 30% to $1.77 billion in 2024, partly thanks to Taylor Swift's Eras Tour.
Boeing's Pentagon Contract
- Boeing's shares rose after securing a $50 billion contract from the Pentagon to build the new F-47 jet.
- This positive news follows previous setbacks, including astronauts being stranded in space due to aircraft issues.