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Nick
This is Nick, this is Jack. It's Thursday, the new Friday, May 14, and today's pot is the best one yet. This is a T boy.
Jack
The top three pop business news stories you need to know today. Yeties.
Nick
President Trump has landed in China with like a dozen American CEOs on board.
Jack
Air Force One actually did a pit stop in Alaska to quickly pick up Nvidia's Jensen Huang, who he almost forgotten.
Nick
It's like a scene out of Mission Impossible 9. They, like, had him climbing up the helicopter.
Jack
Nick, there's a lot of market cap on that aircraft.
Nick
Oh, yeah, yeah, there is, Jack. But three fantastic stories for today's T boy. Jack, what do we got on the best show in biz?
Jack
For our first story, new apps are cataloging your closet to save you money or make you money with your wardrobe.
Nick
Price alert. That cashmere sweater you own, it has doubled in value. Sell now.
Jack
For our second story, Lime. The network of shared E scooters just filed to ipo, but they say they face one huge risk.
Nick
Potholes. No joke.
Jack
And our third and final story. There's an underground stock trading league secretly streaming all the content from from a boxing gym in lower Manhattan.
Nick
Besties, you have 30 minutes to make a profit or you're knocked out.
Jack
And the winner gets a samurai sword. This is a true story as well. And it's wild.
Nick
It's a real samurai sword.
Jack
But yetis, before we hit that wonderful mix of stories.
Nick
Wonderful mix. No one else doing the mix. Love it, Jack.
Jack
This week, faculty at Harvard University voted on whether or not to cap the number of A's professors can award to 25%.
Nick
Because get this, currently 60% of Harvard students are getting A's.
Jack
We'll know the results of that vote on May 20. But there's a funny situation in higher
Nick
education, and it's the opposite of all that grade inflation.
Jack
It's business school deflation.
Nick
That's right. According to the Journal, business schools are giving huge discounts right now, up to 50% off.
Jack
Business schools are treating MBAs like TJ Maxx right now.
Nick
Follow us on this. UC Irvine's business school, they dropped the price of their MBA program 38% for
Jack
out of staters, that's an $18,000 off sale.
Nick
Or, Jack, how about Purdue's business school? They're 40% off next fall.
Jack
That is a 24,000 DOL tuition discount.
Nick
Oh, you gotta love this one. Johns Hopkins business school, they launched a 50% off Master's deal. If you're from the state of Maryland,
Jack
is Booth Gonna offer a BOGO deal. What's next?
Nick
You and your buddy Timmy apply together and you enroll for the price of one.
Jack
Buy one year, get the second year free.
Nick
Now besties Jack. And I should point out the top 10 business schools are still charging Porsche prices.
Jack
Stanford's not on the sale rack yet.
Nick
No, it is not. But in this economy, people don't want to quit their jobs.
Jack
With artificial intelligence, people are job hugging.
Nick
So you're not switching from earning money to spending money.
Jack
Anxiety is up. Demand for two years to take an MBA is down.
Nick
And that's why deans are acting like car dealers right now.
Jack
What do I gotta do to get you down to Harvard? Business School?
Nick
Besties Tuition deflation. Never thought we'd see the deck.
Unidentified Guest or Producer
15 years before this song two boys from the northeast met in the dorm they had an idea to cause a cultural storm it's the best one yet but the best is a norm Jack, Nick, that's it. I don't even think they need to practice. 50%. That's a fat tip. T boy city on your at Liz if you know, you know. Cause we read to go we can't wait no more so just start the show start the show, start the show.
Nick
First, a quick word from our sponsor.
Jack
Netsuite by Oracle yetis this is AI Nick. That's kind of my R2D2 voice. Just kidding.
Nick
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Jack
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Nick
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Jack
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Nick
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Jack
And now with NetSuite AI connector, you can use the AI of your choice that you're already using to connect to your actual business data. If you ask it a question about your business, it'll probably know the answer.
Nick
This isn't another bolted on tool. It's AI built into the system that runs your business.
Jack
It'll automate processes, deliver insights and keep you ahead of the company.
Nick
Robotnik and robotjack both very impressed.
Jack
If your revenues are at least in the seven figures, get your free business guide demystifying AI@netsuite.com tboy the guide is free to use at netsuite.com tboy netsuite.com tboi monarch.
Nick
All right, Yetis, you're never gonna be able to guess how many accounts Jack has linked to monarch. 31. Are there even that many, like, financial products out there? Yetis, he's got credit cards, checking accounts, brokerage accounts, retirement accounts, 529 college savings
Jack
account for each kid and my nieces and nephews. Nick.
Nick
Okay, I'm rounding up. Does that get us to 31? Where are we?
Jack
Don't forget my mortgage, my house, the car I own. They're all linked and all their values in Monarch.
Nick
You see, besties. Jack actually linked everything to Monarch one year ago during a little bit of spring cleaning.
Jack
Until I used Monarch, I had a very messy, very chaotic spreadsheet. But now they're clean, synced, and automatic.
Nick
Basically, Jack went full Marie Kondo on his finances, and he did it with Monarch, which can do your financial spring cleaning for you.
Jack
One dashboard that gets your entire financial life organized. No more clutter, no more mess, no more scattered logins. Just logins. Investments, property, and more all in one place.
Nick
Get your first year of Monarch for half off, just 50 bucks with promo code tboy.
Jack
Use code tboy@monarch.com to get your first year half off at just $50.
Nick
That's 50% off your first year at monarch.com with code T. Boy. For our first story, the RealReal just launched a real time price tracker for the clothing in your wardrobe.
Jack
Bigger trend, though, Closet cataloging. You can save money and time in your closet, but only if you can climb the hump.
Nick
Oh, Yetis. Imagine you're walking through your house, and suddenly you get this ping.
Jack
Your phone vibrates, and it says, the Chloe Paddington bag that you own is surging in price. You can sell it right now for double what you paid profit.
Nick
Puppy besties. We track the markets minute by minute, to the penny, but we have no idea about what's in our closets.
Jack
Why not treat stilettos like stocks? Why not clothing is an ass interact with daily? But we're all clueless to the value of the stuff in our closet.
Nick
That's right, Miranda Priestley. And with secondhand online markets that dress don't just fall in value, it can climb in value.
Jack
Which is why the online reseller, the RealReal, just launched my closet. It's basically portfolio management for fashionistas.
Nick
Here's the strategy. Basically, treat your pants like a portfolio. You upload your closet's inventory. You get AI Alerts if something on that hanger spikes in value.
Jack
So you can end up long Gucci, sell Prada, and Hold Tory Burch Bottega
Nick
Veneta handbags popping off like meme stocks right now, Jack.
Jack
However, most of the clothing we own doesn't go up in value ever. It only goes down, doesn't it?
Nick
Nick, I want to call you out on this visual podcast. Jack, was that a hole on the lower left side of that cashmere sweater right there? My friend looking at you ripped elbow in my favorite crew neck.
Jack
But there's now also a portfolio app for your rags. In fact, the New York Times Wirecutter just reviewed it.
Nick
Here's how to think of this new concept. Yetis. The RealReal is for tracking your clothes
Jack
resale value, but Index is a new app for tracking your clothes period, so that you can plan what to wear and optimize your wardrobe.
Nick
But Yetis, here's the difference in the value props between these new concepts. The RealReal can make you money on your wardrobe, as we saw with those handbag price surges.
Jack
But Index can save you money and save you time with your wardrobe.
Nick
Yeah, let's dive in. T boy style Yetis, you may have heard of the concept of having a work uniform. Full disclosure. Already do this kind of, you know, just switch the color, but it's the same oxford shirt every day.
Jack
A lot of people who are extreme optimizers try to save their time in the morning by not having to decide what to wear. So they wear the same thing to work every day.
Nick
I'll take it as a compliment, Jack. But instead, this app can tell you what to wear, saving you time but still mixing up your Layla look.
Jack
You can get the benefits of a work uniform, but diversify what you wear every day because the app tells you.
Nick
Jack and I call this strategy closet cataloging. And apps like this won't just tell you what to wear each morning, they'll
Jack
track your usage because you have manually uploaded a picture of everything in your wardrobe. The tops, the bottoms, the hats, the accessories.
Nick
So you'll open up the app and it'll say, jack, you haven't worn that Henley in 18 months. Time to say goodbye to that thing, my friend.
Jack
Condo style. I was actually sweater heavy, Nick, so I rebalanced my portfolio by buying three linen button ups or besties.
Nick
This app will tell you the World cup starts next month, May. You should wear that soccer kit that you bought four years ago and forgot about.
Jack
We all have a bunch of things in our closet we forgot we even had. This index app will be like, yo, maybe you should try that thing. Freshen up your look once in a while.
Nick
Everyone has that bottom drawer graveyard.
Jack
But the app can also tell you what to pack for your Italy vacation and plan what you're gonna wear each day.
Nick
So besties, what we're describing here is a new phenomenon like a stock portfolio. Your wardrobe has thousands of dollars of value, but you don't even know what is in it.
Jack
Which is the opportunity for closet cataloging.
Nick
Saving you by taking your wardrobe further. So, Jack, what's the takeaway for our buddies who are doing closet cataloging?
Jack
Get over the hump hard up front. Major potential.
Nick
You see, Yetis, Jack and I think cataloging your closet is a financial trick shot, as we call it. Very little cost, but hugely improves your overall life.
Jack
But we're deterred from doing projects like cataloging our closet because of the high setup cost. It's going to take a few hours and we call this the hump.
Nick
The hump. So besties, if you can get over the hump, then it's all downhill after that. A never ending economic and mental health benefits cycle.
Jack
For example, creating a will, that's a hump. You have to do it once and that takes time and money.
Nick
You do it once, but then you stop being that person who technically has nothing to leave their kids.
Jack
Or setting up a password manager that can feel like a hump.
Nick
One afternoon of pain, but then you never get locked out of a website again.
Jack
We call these humps things with a huge upfront setup cost. But then if you can get over that, long term benefits for the rest
Nick
of your life, it's the hump hard up front. Major potential. For our second story, grab a helmet and knee pads. Yeti's Lime, the scooter company is finally going public.
Jack
The question isn't whether micromobility works, it's whether it'll be stopped by potholes.
Nick
Oh, but Jack, remember back in the day when we first started this podcast and unicorns were rare?
Jack
It was a big deal. If a company hit a $1 billion
Nick
private val back in 2018, Lime hit a $1 billion valuation.
Jack
It became a unicorn just 18 months after launching in San Francisco. I think that was a record at the time.
Nick
See, Silicon Valley thought that e scooters shared. E scooters were the future of transportation.
Jack
So Google, Uber, and Andreessen Horowitz all invested in Lime.
Nick
There's a whole new category called community electric micro mobility. If you want to be technical about
Jack
it, MBAs who wanted to get rich while also saving the world loved this concept. One less taxi ride at a time.
Nick
Yeah, there's no better flex than Rolling up to a date night at Dorsey on a two wheeler of a scooter.
Jack
But after a pre pandemic boom for Lime and then a Covid bust for Lime, Lime is now ipoing, targeting a $2 billion valuation. They just filed their paperwork on the NASDAQ.
Nick
Now, their arch rival, Bird, went public back in 2021 at a $2.3 billion valuation. And Jack, what happened to our buddies over at Bird?
Jack
I was gonna say like two birds with one stone, but there's only one bird with one stone.
Nick
And they went bankrupt two years later. Sold the scooter biz for scraps.
Jack
Lim at that with Bird, waited four more years and is now going public the right way with a traditional IPO, not a SPAC.
Nick
And so far, Lime has traction.
Jack
It's CEO'd by an ex Uber guy, and one out of seven Lime rides is booked in the Uber app, thanks to a partnership.
Nick
So where's their growth coming from? Well, they've been studying abroad in Europe, and it's been paying off for Lime.
Jack
The United States, the UK and France represent over half of the company's revenue, but they're in 29 countries, and revenues have grown three years straight.
Nick
Now, Lime is still losing money, but the cash flow is positive. And they're growing. Going faster than 15 miles per hour.
Jack
Nick and I were excited to cover this IPO because we're really interested in the unit economics of Lime.
Nick
We haven't covered an IPO in so long. So the unit economics are when you break down the business into its simplest form. And Jack, what's the simplest form here?
Jack
In this case, it's a scooter. How much revenue, cost and profit is associated with the average Lime scooter?
Nick
Okay, so, Jack, let's focus on the RVD. The revenue per vehicle per day, it's
Jack
risen from $6.23 over the last three years.
Nick
Now, besties, that is a sign that the average scooter is handling more rides per day. They're putting more junk on that trunk.
Jack
$7.47 of revenue per scooter per day. But in their top two cities, it's three times as much money made. 22 bucks per vehicle per day.
Nick
Okay, so that's on the revenue side.
Jack
But on the cost side, it costs
Nick
them $3.51 to operate each vehicle every day.
Jack
So on average, a Lime bike or E scooter makes a 50% profit margin for each ride that it takes.
Nick
But, Jack, we gotta add in the cost of getting that scooter, and each lime vehicle costs 1,300 doll.
Jack
So at the current rates, the break even on a Lime E scooter or an e bike is 12 months. That's how long it takes to pay for the cost of the vehicle.
Nick
Sit down, stand up, and stay standing on that scooter, Jack. That's not too shabby for these guys.
Jack
That sounds really good. So why has Lime never had a single year of profitability?
Nick
That's because of the overhead. Employees, facilities, insurance, legal, marketing, all those fixed costs.
Jack
So if Lime can keep scaling, spread those fixed costs Nick just mentioned, over more and more rides, then it will reach its final destination of profitability. Give me that Cha ching button.
Nick
You have arrived at profitability, my friend.
Jack
So Lime needs more scooters in more cities, generating more rides per day.
Nick
And the key to making that happen is the Lime Pass, that is their KPI.
Jack
People who pay for that Lime subscription take six times as many trips as people who don't pay for the subscription.
Nick
And if lime can hit $22 in revenue per vehicle per day in all of its cities, then Lime would finally be a profit pupp.
Jack
So converting casual riders to Lime subscribers, or Key Limes, if you will, is key to Lime's stock's future. Otherwise, could become a lemon.
Nick
So, Jack, what's the takeaway for our buddies over at Lime?
Jack
Potholes will make or break the scooter business.
Nick
Oh, yeah. You know, Jack and I, we love to do a control F in the IPO paperwork to see what unusual words pop up. And this time, we noticed a funny one. Potholes.
Jack
Lime listed physical potholes on the streets as a material risk to the business.
Nick
True story.
Jack
First time I've seen IPO paperwork complain about potholes.
Nick
Yes, actual potholes make the scooter bike and riding less useful. But metaphorical potholes are also a risk to this business.
Jack
Theft, vandalism, and public disrespect of the scooters themselves is a huge issue for Lime.
Nick
Yeah, you know what we're talking about. We treat things we own very well. But many Americans treat public or shared property like. Well, like scooters.
Jack
So Lime. Lime's other risk is not the business itself, but human behavior and disrespect for their products that are left on the sidewalks.
Nick
This was also wild. Lime's IPO paperwork explicitly cites vehicles being thrown into bodies of water as a sign of public resistance to their scooters and bikes on the streets.
Jack
So the key for Lime to hit profitability is more scooters in more cities and more rides per day.
Nick
But the enemy of that mission ain't competition, it's potholes.
Jack
Will Limestock rise after the ipo? It depends on potholes, both literal and metaphorical.
Nick
Now a quick word from our sponsor,
Jack
Lisa.
Nick
Sleep Alright, Yetis. You may not notice this from Jack's voice, but he's become a nocturnal foam roller, haven't you, Jack?
Jack
Definitely don't notice that from my voice, but I will tell you that every morning I wake up with an uncomfortable back of my neck situation. So I preemptively foam roll to try to fix my bad neck. I know I'm gonna have.
Nick
Yeah, we record this podcast standing up. It's a standing pod. We can't afford like a nasty neck situation, Jack.
Jack
But there's definitely a better solution to my preemptive foam rolling. How about a Leesa mattress?
Nick
Yeti spring is the time to upgrade. And how about that thing that you spend a third of your life on?
Jack
So with my new Leesa mattress, I sleep on my back and my neck crankiness is gone.
Nick
Yeah, we both got these things. But first we picked it out after completing a short survey on Leesa.com because
Jack
each Leesa mattress is designed with specific sleep positions and feel preferences in mind,
Nick
you take the sleep quiz from Leesa and you get recommended a mattress in two minutes. It's like talking to your.
Jack
But Nick, can we talk about how fun the unboxing experience is?
Nick
Oh, it's a joy. It's a joy, Jack.
Jack
The mattress expands like a Michelin man.
Nick
So go to leesa.com for 30% off your select mattresses, plus get an extra 50 bucks off with promo code T Boy exclusive to our listeners.
Jack
That's L E-E-S A.com promo code T Boy for 30% off select mattresses, plus an extra 50 bucks off.
Nick
Support the T boy show and let them know that we sent you after
Jack
checkout Lisa.com, promo code tboy.
Nick
Top hats, baseball hats, Von Dutch hats. We wear so many hats on this podcast. Honestly, we're not great at all of them.
Jack
No, we've been avoiding hiring someone to wear those hats instead of us. Especially the Von Dutch one. Because hiring and training can take forever.
Nick
Well, Brad, to say that we are hiring right now at T boy and this is a job for indeed sponsored jobs.
Jack
Because sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non sponsored jobs.
Nick
So besties spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results.
Jack
When you the right person to cut through the chaos. This is a job for Indeed sponsored
Nick
Jobs and listeners of the show will get a $75 sponsored job credit to help get your job the premium status it deserves@ Indeed.com podcast.
Jack
So just go to Indeed.com podcast right now and support our show by saying you heard about Indeed on this podcast.
Nick
That's indeed.com podcast. Terms and conditions apply. Need a hiring hero? This is a job for indeed sponsored jobs. For our third and final story, there is an underground stock trading fight club with drone cameras, live streaming and samurai swords.
Jack
Investing is now a spectator live streamed sport that you can bet on and so is our entire economy.
Nick
Yetis. Let's go to Google Maps Lower Manhattan just outside Wall street is a boxing studio where actually my sister once trained
Jack
the church street boxing. But on Thursday nights, instead of two boxers in the ring, there are eight computers.
Nick
That's right. And next to the dumbbells in the squat rack are VCs and finance bros. Trading stocks and cryptos.
Jack
This story is like if Fight Club and Twitch had a baby but raised by GameStop and Gladiator.
Nick
Oh, that's right because there is a cheering audience in the balcony and drones flying overhead to stream the action live.
Jack
There's a play by play commentator like on espn. Julia buys Ethereum. She sells Carvana. She dunks the Coca Cola meme coin call options.
Nick
And while the players are investing in the ring, spectators are betting on the poly market.
Jack
It does seem like the scene from the Coliseum and the Gladiator, but instead of Maximus Decimus Meridius, it's Roaring Kitty.
Nick
Are you not entertained besties?
Jack
The Wall Street Journal got inside this underground Wall street trading rave and it is the frontier of esports and finance.
Nick
At besties, this is where players don't use their real name from LinkedIn, LinkedIn. They use nicknames. They use pseudonyms when they're playing.
Jack
The number one player at this competition is named Velvet Milkman.
Nick
It's the kind of place where the equivalent of a jab uppercut Punch is using 40x leverage to buy in and out of Bitcoin in seconds and score thousands of dollars in gains and losses.
Jack
Rule number one of stock don't talk about secret underground investing Stock club.
Nick
Okay, but Jack, what's the second rule
Jack
of this stock club? Well, the rules are that eight players compete. They're each given $25,000 of fake money and at the end of three 30 minute rounds of trading, the person who grew their fake money the most wins the competition.
Nick
And that is after all, the gatorade sweat and Zint pouches. The winner gets 10,000 bucks in prize money and an ornate Japanese samurai sword.
Jack
But you also get some bragging rights that you turned $25,000 of Monopoly money into 50,000 on that slick Doge move. As the audience roared with approval, you
Nick
see what Marky Mark from Morgan Stanley pulled off? Not too shabby Milkman.
Jack
The competition is run by a venture capital backed startup called Legend, which does
Nick
social trading and based on what the investors have said, it's basically capitalizing on a tidal wave of trends.
Jack
Gen Z loves the Internet, social media, live streaming and finance. That's what this is.
Nick
So yes, this is a 25 year old's gamification of finance with the vibes
Jack
of ESPN Neocho, but it's also giving
Nick
Hunger Games So Jacqueline, what's the takeaway for our buddies over in the wild secret underground stock trading fight club?
Jack
It's the 50 Cent account. As in the rapper 50 Cent, Yeti's
Nick
50 Cent's debut rap album, it was Get Rich or Die Trying. He also made a movie with that
Jack
same name, and 20 years later, that lyric defines today's broader culture.
Nick
You see, with the conventional American dream of getting a house feeling out of reach, the alternative is get rich quick and that's more popular than ever.
Jack
In an article this week, Axios noticed things that we used to call sin, like gambling is now everywhere available on phones. Instantly. Axio summed it up as Sin Nation.
Nick
But they also pointed out a really interesting survey result that Jack and I want to share with you.
Jack
While patriotism, religion, family and community have fallen in importance to most Americans, money has risen massively in importance.
Nick
Well, the way we see it, yetis nothing captures that shift in American values and pursuits quite like this story.
Jack
Livestream Underground betting competition inside a boxing ring with people betting on the betting
Nick
with drones flying overhead to capture it all.
Jack
We'd call this, ironically, the $0.50 economy.
Nick
As in $0.50 get rich or die trying. Jack, could you whip up the takeaways for us for the New Friday the
Jack
RealReal now treats your wardrobe like a portfolio, while Index is your closet's personal style guide.
Nick
It's all about the hump high upfront cost. Major potential after these financial trick shots are humps.
Jack
Second, Lime is IPOing its e scooter business at a $2 billion valuation, which is still below their pre pandemic peak.
Nick
But it all comes down to potholes, literal and metaphorical, that are slowing the
Jack
E Scooter Dre and Stock Fight Club, a weekly live trading competition with betting and alcohol. For the spectators, it reflects the 50
Nick
cent economy that we're living in. Get rich or die trying.
Jack
But besties, this pod's not over yet. Here's what else you need to know today.
Nick
I'm sorry, Chuck, is that white smoke coming up from the Capitol? Because we got a new chair of the old Federal Reserve.
Jack
Kevin Warsh was approved Wednesday by the senate in a 54 to 45 vote to lead our central bank.
Nick
Kevin is gonna succeed Jerry Powell, whose last day as Fed chair is tomorrow.
Jack
But after Al's gonna stick around, he's gonna remain on the board of governors to try to protect the Fed's independence.
Nick
Bring him some cupcakes on Friday. And second, did you notice Spotify go down for you yesterday?
Jack
Was it just us?
Nick
Because we found out what was going on.
Jack
Spotify launched Party of the Years, a celebration of their 20 year anniversary.
Nick
Basically wrapped. But for all the music you have ever listened to in your whole Spotify
Jack
life, it tells you actually the first song that you ever streamed. Do you wanna know what it is for me?
Nick
Talk to me.
Jack
What do we got? I don't know. No, because I got a joint account with Alex and it's really been a challenge for our relationship. And finally, American Express just tossed a new perk in their credit card, and it's artificial intelligence.
Nick
Ah, the credit card perk wars. AMex is adding $300 in ChatGPT credit to the platinum card.
Jack
We assume Chase Sapphire is going to add $300 of Claude to their credit card.
Nick
I mean, your move, Jamie Dimon. Your move, besties. When it comes to millennial metal cards, it is a perfect perk. Tit for tat. Now time for the best fact yet, which today is some T boy midweek trivia wrapped up, whipped up by Jack and me.
Jack
Spirit Airlines sadly went bankrupt last week, as we told you.
Nick
But do you know what happened to Spirit Airlines? 124 airplanes, most of them flew to one state.
Jack
Here's a hint. It's sunny 300 days a year.
Nick
Here's another hint. It has the lowest humidity of any state in the United States.
Jack
Where is the airplane graveyard? The answer is Arizona.
Nick
It's Arizona. So almost every Spirit airline right now is already hanging out in a carrier
Jack
in Arizona until some other airline buys it and hopefully spreads the rows out just a little bit to give us a tiny bit more legroom.
Nick
Yetis, you look fantastic for the new Friday. Jack, you are glowing over there. No one's gonna notice that hole. I promise you. No one's gonna notice that hole.
Jack
Yetis. If you wanna help grow the show, spread the word with Hyh T. Tell
Nick
a buddy wearing that same sweater as you today. Have you heard the best one yet?
Jack
Nick and I. See you tomorrow.
Nick
Can't wait. And before we go, a happy birthday to legendary Eddie, Maria Luisa Szakoski down in lovely Cor Chiba, Brazil.
Jack
And happy birthday to Sue Lohringer, the Prophet Puppy mom of North Carolina and Michael Haslam.
Nick
A belated birthday shout out. Sorry we missed it yesterday. We got your back today.
Jack
Happy birthday to TIKI Carolina turning 8 in Atlanta, Georgia. This kid loves loves Pokemon and the best one yet.
Nick
And JJ changed turning 12 years old on the way to hockey practice in California. Keep your eyes on the puck, stick on the ice.
Jack
Happy birthday to Caitlin Lee Thompson in
Nick
Chicago and Joshua Sui over in New Jersey.
Jack
Happy birthday to Sawyer Garside, Ben, a yeti since the snacks days over in Utah.
Nick
Sawyer, thanks for being with us. And Neil Job from Mumbai, India was also given some advice by us last year after he sent us an email. Jack, this Arsenal fan has been putting it to use.
Jack
And a big shout out to Pablo Valencia who started a new finance job in the entertainment industry down in Mexico city.
Nick
And Keelan Sey is graduated from Dr. Joaquin Garcia High School. Congrats Keelin.
Jack
Congratulations to Victor Maisano graduating from San Diego State University with that master's degree.
Nick
And a thank you to Roberto Adrian Fiero who created a price ocracy sheet based on our pricing gouging stories from the last few months. I mean this has been a while.
Jack
If you see pricing, say pricing. And to anyone else who celebrated something today, make it a T boy.
Nick
Celebrate the wins.
Jack
This is Jack. Nick owns stock of the Realreal and he owns some Ethereum and we both own stock of Spotify and we both own some Bitcoin. The Drop by GNC Yetis the wellness
Nick
space moves fast every day. An influencer is pumping some new product which is ironically named pump product and
Jack
it'll get you huge even if you don't lift it.
Nick
There's creatine in the colostrum in the protein.
Jack
GNC actually has experts who cut through all of that and hand pick what's worth your attention.
Nick
The new ingredients, new formulas and new brands in health and nutrition you need to know about.
Jack
The Drop is the section of GNC that curates the newest products to share with you what actually works.
Nick
We're talking trending ingredients, breakthrough formula stuff that's actually going to move the needle
Jack
on your goals, whether that's performance recovery or just getting huge.
Nick
So think of it as the VIP section of the supplement world. You're not waiting for something to blow up on TikTok to find out about it.
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You're already there.
Jack
Get a sneak peek at the newest formulas, flavors and brands coming soon to gnc.
Nick
New drops launch regularly, so there's always something exciting to discover.
Jack
GNC.com TheDrop is the destination to discover something new to try today.
Nick
Get the facts you can trust on what's new and trending.
Jack
Plan what's next by browsing the coming soon calendar of drops@gnc.com drop the protein in the colostrum.
Podcast: The Best One Yet (Nick & Jack Studios)
Episode: 🥊 “Stock Fight Club” — Underground trading league. Wardrobe investing & cataloguing. Lime’s pothole IPO.
Date: May 14, 2026
Hosts: Jack Crivici-Kramer & Nick Martell
This episode dives into three of the most intriguing, surprising, and relevant business stories of the day—in classic TBOY fashion, blending sharp pop-biz takes and a playful, conversational style. The show covers innovative wardrobe-tracking apps that turn your closet into an investment portfolio, Lime’s highly anticipated scooter company IPO and its literal and metaphorical pothole problems, and an outrageous “Stock Fight Club” where investing becomes a spectator sport. The episode also touches on MBA tuition discounts, cultural trends in gambling, and offers listeners a fresh perspective on today’s changing economy.
(Starts ~05:33)
Value Tracking for Clothing
Apps for Closet Management
Behavioral Economics of Closet Management
(Starts ~10:20)
Lime’s Business Journey
Unit Economics Unpacked
The Real Obstacles: Potholes
(Starts ~17:52)
Underground Stock Trading as a Spectator Sport
Cultural Context: The '50 Cent Economy'
MBA Discounts (“Business School Deflation”)
AI Chatbot Credit as a Credit Card Perk
This TBOY episode delivers on its promise to brighten your day and update your business brain, blending sharp analysis with cultural context and witty banter. Whether it’s turning your closet into an asset, betting on the fate of e-scooter profits, or watching a new generation gamify Wall Street, Nick and Jack help listeners make sense—and have fun with—the pop-biz news shaping our world.
For listeners who missed it:
You’ll walk away with fresh, actionable perspectives on the financialization of everyday life, the economics of scooters, and America’s wild new “get rich, or die trying” culture.