This Week in Startups E1032: News Roundtable! Robinhood Snacks’ Duo Jack Kramer & Nick Martell on Coronavirus’ impact on public markets, Iger out at Disney – Buy or Sell?, link-baiting Tesla crash, defining Cult Stocks & more!
Feb 27, 2020
Jack Kramer and Nick Martell, co-hosts of Robinhood Snacks, bring millennial perspectives to finance. They dive into the impact of Coronavirus on public markets, weighing if the situation is dire or manageable. The duo discusses Bob Iger’s departure from Disney and whether it's a buy or sell for the company. They define 'Cult Stocks' and talk about how millennials and Gen-Z are making investment choices influenced by current events. With a mix of humor and insights, they keep finance engaging and relatable!
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Calacanis' Robinhood Investment
- Jason Calacanis invested early in Robinhood after meeting Vlad Tenev at Antonio's Nuthouse.
- Initially skeptical, he invested due to the contrarian nature of the idea and potential market size.
Cult Stocks Defined
- The term "cult stocks" describes stocks with inexplicable price movements driven by online chatter and hype.
- These stocks often lack fundamental substance, focusing on future potential rather than current performance.
Iger's Disney Legacy
- Bob Iger's leadership at Disney led to a five-fold increase in stock price and successful acquisitions like Pixar, Marvel, and Star Wars.
- Iger's departure caused a 6% stock drop, despite his continued involvement in content creation.