The Best One Yet - 🍳 “Chef BoyarDoorDash” — Amazon Prime spider web. DoorDash’s kitchen. Comcast’s anti-Disney.

Episode Date: July 30, 2021

DoorDash just launched a new ghost kitchen, but the shocker is who’s actually whipping up the eggs… DoorDash is chef. Comcast isn’t just keeping you on hold to complain about the internet speed — it’s become the anti-Disney. And Amazon’s earnings revealed that Prime is a network (spiderweb?) of benefits you can’t escape from.$DASH $AMZN $CMCSAGot a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYorkWant a shoutout on the pod? Fill out this form:https://forms.gle/KhUAo31xmkSdeynD9Got a SnackFact for the pod? We got a form for that too:https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewformLearn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. And this is Snacks Daily. It is Friday. The Real Friday, July 30th. What happened to the Dow? Jack, the Dow, up 153 points. What happened to Team USA?

14 golds, 14 silver, 10 bronzes. That's where we are. Snackers, let me tell you, Nick is getting a gold and I'm getting a silver. Because we're both wearing our limited edition, the best one yet t-shirts that we really need to mass produce and give to the Snackers. This is a T-B-O-Y situation, Jack. First story, what do we got? DoorDash wants to make your food. Not just delivery.

No, Chef DoorDash, it's actually the biggest development in food delivery wars. Like an ever. For our second story, Amazon just announced their first earnings report, Sons Jeff Bezos. Oh, awkward. It's all about turning prime into a spider web subscription. Third and final story, Comcast isn't just the company that keeps you on hold while they try to turn on your internet signal against. Operator! Comcast has become the anti-Disiness.

Ooh, that's a good hook check. I like where we're going with that. Snackers, before we get those three wonderful stories on this wonderful day. Wonderful mix to end the week, Jack. I love this. There's a lot of mysteries in the snacking world. Yeah, there are. And these food mysteries really evolve into existential questions, don't they, Jack? For instance, why are pretzels knotted? Jack, what flavor is Dr. Pepper?

Have you ever noticed some chick-mic nuggets have a nub at the end and others are mostly circular? Why is that? How many licks does it take to get to the center of that? Tutsi Ropopopopopop. Well, Snackers, the number one question sweeping TikTok right now is why do Ritz crackers have grooves along the edges? You know, the grooves we're talking about. They're all over every single one of these crackers. You've seen them. You've felt them. You've tasted your tongue. My first thought, it's functional. Yes. It makes them easier to grab.

I think that's fair. Yeah, they come in a plastic tube. You count six Ritz crackers by counting six grooves on those things. Right. Yeah. Now, I know your thought, Nick was a little different. Honestly, I was thinking aesthetic on this one, Jack. That's why they got the grooves on the crackers. Nick thinks the ridges provide a certain feng shui for your hungry eyeballs. That's what I was thinking. Well, Snackers, Jack and I jumped in snack style. Turns out food giant Mondalese, which owns these crackers, use its TikTok account to answer the question that no one was asking.

The little matches on the edge of the ritz cracker. Are you ready for this? Wait for it. Okay. Dramatic effect. It's for cutting cheese. That's right. You roll the cracker across the cheese like it was a pizza wheel and it creates little perforated

lines in the cheese, so it's easy to tear. It turns the Ritz Crackers from a platform for the cheese into a slicer of the cheese. Shockingly sophisticated, I guess we're all playing checkers. We are. Ritz Crackers in the meantime? They're playing chess. Although, honestly, there's no chance this brittle little cracker is going to cut like a block of Vermont cheddar.

Yeah, Ritz is playing chess with a soft American cheese single. Jack, let's hit our three stories. You're tuned in the snacks daily. It's snacks about to hear rain food. It's air candy. reflect the views of the robberhood family. It's all informational just so. We're not recommending any securities.

It's not a research report or investment advice. Not an offer or sale of a security. Snacks is digestible. Business news for you. Robberhood Financial, LLC, member Fenra slash SIPC. For our first story, DoorDash isn't just delivering the food. It's forming the patties and flipping the burgers too, Jack. Doordash's new ghost kitchen is history.

for delivery apps. DoorDash just down the street from us, by the way, just cut the ribbon on a new ghost kitchen down in San Jose, California. Lovely-ish San Jose. They're making burgers. Yeah. They got a deli. They have an Indian line. Yes. And they're making milk bar cookies, all in one huge kitchen. You had those birthday cake truffles from the milk bar, right? From the East Village. They're great. It's part of a balanced breakfast. Now, Snackers, this is a ghost kitchen. So there's no storefront. There's no tables. And customers are not allowed inside. Yeah, we've talked about Ghost kitchens before, right, Jack? You know, it's not totally new, but it's newish.

It's pretty cool. Right. A restaurant owns and operates just a kitchen. That's it. And it's just for delivery and takeout. And, you know, you get orders through the DoorDash app. But here's what's so shocking about this new DoorDash Ghost Kitchen. It's who's actually cooking the food in the new DoorDash Ghost Kitchen.

Instead of just handling the delivery, DoorDash is also doing the cooking. DoorDash, if so in fact, though, it's Chef Boy R-D if it's chef boy R-D if it's own venture. Here's how DoorDash's new ghost kitchen in San Jose works. So Snackers, DoorDash literally bought a kitchen. You know that. Then they hired a bunch of chefs, someone trained under Gordon Ramsey. And now they're paying dishwashers 20 bucks an hour. Jack, I'm on the job posting right now. They have a line cook opening. DoorDash is hiring line cooks. They've staffed up a 25-person culinary team, which is shocking for DoorDash, which loves independent contractors and engineers. The only people they have on like salary,

like the engineers. But now they have cooks. And now they've got employees who code and they've got other employees who make soufflis. So there's six restaurants, but DoorDash is doing everything. They're prepping, cooking, boxing, and delivering the food. So this Indian restaurant, for example, it's called CurryUp Now. Only has to offer up its brand and its curry recipe and its reputation. That's it. Orders come in exclusively through the DoorDash app. And then DoorDash and the restaurant, like CurryUp now, they split the revenue.

That's how this works. Is the marinara properly salted? We're good on that? Yeah, Aldente. If it's not, it gets a SEV report. And it's going to go to a PM. Can we AB test this marinara? So, you know what this reminds us of.

It reminds us of when Netflix started doing its own original content a few years ago, everyone thought it was crazy. Netflix was just a tech platform that streamed other companies' movies. But then they got their own Hollywood set and they did House of Cards. Major moment for Netflix could be a lot of. a major moment for DoorDash. So Jack, what's the takeaway for our buddies over at DoorDash? Restaurants could become truly scalable with this. Snackers, scaling a restaurant is way harder than scaling an app. A successful restaurant can only expand by acquiring a new location,

building out a kitchen, hiring new chefs in some unknown city they don't know anybody yet. But DoorDash's new version of a Ghost Kitchen, this helps restaurants scale way faster. Let's say your restaurant is Slam and Sam's Slam and Sam. I like what you did there. You can expand with just one contract with just one company, and that is Dordash. From Maine to Wyoming. Slam and Sam knows that Dordash has cooks, a kitchen, a staff, and its app ready to go, ready to distribute their salmon. Now, DoorDash said, this is just an experiment.

It's going to last through November. But then it could expand if it's successful. But if this is successful, and if this works, Slam and Sam Salman, could become scalable. For our second story, Amazon just released its first earnings report without Jeff Bezos. I'll tell you, though, the prime nation Jeff left behind makes the new guy's job pretty easy. They're like, where are you, Jeff? He's like, I'm all the lose.

Andy Jesse, come on down. Hey, Jesse, that's the new guy, the new CEO. He gets a parking spot and he's getting right down to business. Yeah, Jack, he's in Amazon lifer. And according to the Wall Street Journal, he is, Ultra detail oriented. At Amazon, if you're not that, you're probably fired. Andy, you want a coffee?

What beans is it? Is it Arabica? That was a test. You passed. Snackers, Amazon scored $100 billion in revenue for the third quarter in a row. But that was actually disappointing. Their 27% growth was below expectations. Which are absurdly high expectations.

The highlight Nick and I found in the earnings report was the details about prime days 2021. Because remember, it was two days, June 21st and June 22nd. The top gadgets were, shocker Jack, Amazon gadgets on Amazon Prime Days. The Fire TV stick 4K with Alexa Voice Remote. Amazon's recommending we get another Amazon dot. It's crucial, though, because when your TV becomes Amazonified, you are a primer as long as you have that TV. But the real surprise here, back to school, splurgeopaloosa.

I mean, Jack, levels we've never seen before. In 48 hours, a million laptops were bought on Amazon. 600,000 backpacks, 220,000 crayola crayon or colored pencil products. These kids haven't been back to school in a year. The parents are loading them up. They're like, you get 12 trapper keepers and, I don't know, a thousand number two pencils. Jan Sport just declared DefCon 5. We literally can't keep up with backpack production.

And this last little tidbit is just impressive. 22 countries have Amazon Prime, which means, It means in 22 different countries, Amazon has figured out how to guarantee two-day shipping. That is an astonishing logistical accomplishment to like pull that off in so many countries. It's 22 different languages. So, Jack, what's the takeaway for our buddies with the new CEO over at Amazon? Prime has become a spider web subscription. Snackers, you're stuck on Amazon Prime because Prime has so many strings attached.

E-commerce competition is growing. Physical retailers are operating their game. So Amazon's one focus is keeping Prime Nation stuck as members in that web. Amazon keeps you priming by expanding the variety of ways that you enjoy Amazon Prime. I mean, Jack, case in point, they're doing it with sports now. Amazon Prime Video now includes Thursday night football, the WNBA, Premier League Soccer. And they're doing it with the hardware gadgets. Again, if you buy that Amazon Firestick, you're a prime member for a couple years, probably.

And then, Jack, Amazon's got those actually creative, wild new partnerships, too. Alexa is native to all new Ford vehicles. So like F-150 Nation is probably switching from Walmart to Ford right. And then, Jack, of course, we've got the celebrity deals with Amazon Prime to keep you sticky. Well, did you hear that it's not just Alexa, it's not just Echo. You can call your device Ziggy now. Or you can turn Alexa into the voice of Shaq or Samuel L. Jackson or Melissa McCarthy, not too shabby. You can. It's $5 for those celebrity voices.

Snackers, leaving Prime means leaving your gadgets. your sports, your schmovies, even your car behind. And you cannot escape that web. You're not Frodo. No, sorry, Charlotte. For our third and final story before the weekend, Comcast, it's the Olympics and Jurassic Park Company, all in one company. Yes, it's a fragmented house of brands, and that could be their missed opportunity.

Comcast just reported earnings, by the way. Jack, the name sounds literally like the dictionary definition of the word corporate. Corporation Inc. It's actually, though, a shockingly diverse media business that goes way back. Can you use corporate in a sentence? Yeah, Comcast. Comcast goes all the way back to 1963, Tupelo, Mississippi. They bought this small cable TV company with like five channels and 12,000 customers. Now it's Comcast. That's according to Wikipedia. And the guy was Ralph Roberts. He spent $500,000 to create that business in the 60s.

So this is the wild part. Today, it's CEOed by his son, Brian. Roberts, but it's worth $266 billion. I think it's worth like 2,000% more. But Nick, it's rare to see a parent-child CEO succession, especially for publicly traded companies. Yeah, especially that company's worth 15 lifts, which this one is. And they just enjoyed a 20% jump in revenue last quarter. They just announced it.

And profit hit nearly $4 billion. But here's what Jack and I noticed when we jumped into the earning snack style. Comcast, it's really just a parent company, but it's got a whole bunch of profit puppy children. Yes. Universal Studios is owned by Comcast. And that is both a theme park and a movie studio. Jack, they got the Wizarding World of Harry Potter and they got Jurassic Park. There you go. Couldn't be happier. And they just scored their first profits since COVID because the theme parks are like operating again. Profitist Maximus. That's the spell. The other division is media. It's Peacock and NBC. The streaming service and the TV channel known for

for the Today Show, Al Roker, and the Tonight Show. But basically right now, it's the Olympics channel. That's why you're watching Peacock. True. Peacock added 6 million new active users last quarter, but that didn't include the Olympics, which is happening this quarter. So we expect millions more to be announced soon.

But then a third and like other part of Comcast, which honestly, Jack, I don't even know if I should say it. It's like he must not be named. It's the brand you hate. It's Xfinity. It's Xfinity Wi-Fi. You know them. They have 31 million broadband internet customers, 18 million cable TV customers,

9 million landline phone customers. And they have their own mobile phone service, too. Three million customers. Jack, is this the part of the pod where we put everyone on hold and we just play that elevator music for, I don't know, three, five, 15 minutes, you know? Their KPI is to make you hang up on customer service. Representative. So Comcast not only owns the content, they own the pipes.

So, Jack, what's the takeaway for our buddies over at Comcast representative? Disney is a branded house. Comcast is a house of brands. Snackers, both of these companies are major media firms with theme parks, with movies, with cable TV, with sports, and with streaming. Comcast is all that, plus a huge and growing internet business. But here's the funny thing, Jack, Disney is worth 22% more than Comcast. We think that's because Disney is a brandy. house. They got all these business lines glued together by the one singular Disney brand. Comcast, on the other hand, is a house of brands. It's got five different brands living within Comcast's corporate house.

Over at Disney, all their different business lines are working together. They're all benefiting from the Disney name and they share value with each other. But Comcast brands, they're like every man for themselves. They're just doing their own thing. Within Comcast should rename the company to Universal and call each of their business lines universal. Just like Disney, this new universal could become its own branded house, just like Disney. Until then, it feels like the whole of Comcast is smaller than the sum of its parts. Jack, can you whip up the takeaways for us before the weekend? Great shirt, by the way.

Thank you. It's the best one yet. DoorDash is experimenting with restaurant as a service. That's what we're calling it. Snackers, if this works, restaurants could finally become scalable. For our second story, Amazon Prime is a web. of strings attached. Sports, celebs, cars, gadgets. You cannot

get out of this Amazon Prime Spiderweb situation. For our third to final story, Comcast is a beast of a company, but it's a house of brands. Disney is the branded house. Now, time for our snack fact of the day. This one sent in by Kate Edge from San Antonio,

Texas, lovely town. The first cat video wasn't a meme posted in YouTube in 2007. No, it actually goes back, according to Kate, 1894. Thomas Edison of the light bulb loved cats so much he sometimes made them box each other. Yeah, which was kind of awkward. But he was also behind the first cat video, which was over 100 years ago featuring cats pawing at other cats. Adorable. He was a very tech savvy guy.

So he managed to record a video of cats pawing each other. The first ever cat video. So fact of loving cat videos is very gen silent. on there. Snackers, you look fantastic. Jack, everyone, celebrate the wins this weekend. Nick and I will see you on Monday. Jack, I can't. And before we go, happy birthday to Snacker Martin Brannock over in Denmark.

And happy birthday to Air Force Captain Brittany in Vacaville, California. And Manny Ramazzani over in New York City. And Anna Bressy in Birmingham, Alabama. And Dax Kennedy in Pilson, Kansas. And Chris Lee in Seattle, Washington. And Lynn Sperry in San Diego. Deacon Frank, and Shoreview, Minnesota. And happy birthday, Tim Case in lovely Ashland, Oregon.

And Brian in Claremont, Florida. And happy birthday to Jack John with his morning coffee. And Aziza Kelly in Richmond, Virginia. Happy birthday to Krispy Kreme lover, Isaac Wolf on the Upper East Side. And also, this is Jack. I own stock of Krispy Kree. Happy birthday, Janelle Gibney. Snacking with her sisters in Chicago.

This is Nick. And I enjoy the taste of Krispy Kreme. Congrats to Andy Planets, who's doing the last day of his internship at GEAB. and Sierra and Doug DeNox anniversary in Joshua Tree. Happy anniversary to Caitlin and Zach down in Texas. Oh, and Jack, Anaheed and Sarkas have a 12-year anniversary in California. The dirty dozen. This is Jack. I own stock of Amazon and Netflix. The Robin Hood Snacks podcast you just heard reflects the opinions of only the hosts who are associated persons of Robin Hood Financial LLC and does not reflect the views of Robinhood

Markets, Inc. or any of its subsidiaries or affiliates. The podcast is for informational purposes only and is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of a security. The podcast is also not a research report and is not intended to serve as the basis of any investment decision. Robin Hood Financial LLC, member FINRA, SIPC. Did we just do two different literary, like, we did? We did. We did. Oh, yeah, we did. And yes, I'm saying Lord of the Rings is a literary reference, not a movie reference. even though I haven't read the book, I've only watched.