Amazon Cancels $1.4B iRobot Deal & & Making $400k Without a Degree
Jan 30, 2024
27:16
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Neal and Toby discuss the fall of Evergrande, Amazon canceling $1.4B iRobot deal, making $400k without a degree at Walmart, Dry January trends, and popular shows in 2023. They also mention the potential discovery of Amelia Earhart's plane in the Pacific.
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Quick takeaways
Neuralink's successful brain chip implant offers hope for individuals with limb loss
Walmart's increased salaries and benefits for store managers demonstrate the value they bring to the company's success
Deep dives
Neuralink's Brain Chip Implantation: A Promising Breakthrough
Elon Musk announced that Neuralink, his brain chip startup, has successfully implanted a device in its first live human subject. Neuralink aims to allow people to control smartphones or computers with their thoughts. The initial data shows promise, and the company's first product, called telepathy, is geared towards individuals who have lost the ability to use their limbs due to conditions like quadriplegia.
Evergrande's Liquidation Marks the End of an Era in China's Real Estate
A Hong Kong court ordered the liquidation of Evergrande Group, marking the downfall of China's largest property developer. With over $300 billion in debt, the liquidation poses challenges as it is unclear whether mainland China officials will accept the ruling and seize Evergrande's assets. The collapse of Evergrande symbolizes the end of China's real estate boom, which once accounted for 30% of the country's GDP.
Walmart Increases Salaries and Benefits for Store Managers
In a move highlighting the importance of store managers to its business, Walmart announced salary and benefit increases for its store managers. Managers at the largest Walmart stores can oversee large teams and generate significant revenue. With stock grants, salary increases, and bonuses, Walmart aims to attract and retain talented managers who can effectively run complex operations.
Episode 246: Neal and Toby discuss the fall of Evergrande and what it means for China's property crisis. Plus, why Amazon is out on the $1.4 billion deal with iRobot and the Walmart store manager job where you could make $400k without acquiring a college degree. Toby goes in on Dry January trends and what were the most streamed shows of 2023? And finally, Amelia Earhart's plane may have been found in the Pacific.