PBD Podcast It's Singles Day at Alibaba | PBD Podcast | EP 25
Nov 12, 2020
Dive into the intense discussions about the U.S. voting system and age restrictions. Explore the staggering $56 billion revenue from Alibaba's Singles Day, outpacing Amazon. Consider the moral complexities of billionaire CEO stock sales during crises. A humorous hypothetical showdown between Trump and Cuomo adds a light touch, while debates on Thanksgiving regulations raise eyebrows. The segment on age-related laws challenges societal norms, and a proposed voting system based on contributions rethinks civic engagement in America.
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Alibaba's Singles' Day Success
- Alibaba's Singles' Day generated $56 billion in sales, 16 times more than Amazon Prime Day's $3.5 billion.
- They sold 1.6 million bras, enough to stack three times higher than Mount Everest.
Bill Ackman's COVID-19 Bet
- Bill Ackman made $2.6 billion on a $27 million bet against credit markets during the initial COVID-19 outbreak.
- He has placed a similar, smaller bet amid rising cases, hoping to profit from another economic downturn.
Pfizer CEO Stock Sale
- Pfizer CEO Albert Bourla sold 62% of his stock the same day the company announced positive vaccine trial results.
- This sale, part of a predetermined plan, netted him $5.6 million, close to the stock's yearly high.