The Prof G Pod with Scott Galloway Prof G Markets: Adidas’ Crisis Management, Google and Meta Earnings, and Market Moving Fed Speeches
Oct 31, 2022
Joining Scott is Ed Elson, a Prof G Media Analyst, who dives into pressing market news. They discuss Adidas' fallout from ending its partnership with Kanye West and the implications for the brand. Google's disappointing earnings and Meta's struggles are examined as signs of distress in the tech sector. The conversation also sheds light on how investors react to Fed chair speeches, especially with Jerome Powell's upcoming press conference, emphasizing the importance of communication in economic stability.
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Crisis Management
- Acknowledge the problem and take responsibility.
- Overcorrect and communicate transparently with stakeholders.
Adidas Investment Opportunity
Adidas's current struggles present an investment opportunity. Their market cap is low relative to Nike, despite being an iconic brand.
Big Tech Disruption
Meta and Google face increasing competition from TikTok and new ad-supported streaming services. This resembles the disruption Amazon caused in retail.