The Best One Yet - 🍽️ “Chef Elon’s Tesla Cafe” — Tesla’s eating club. Twitter’s $3 subscription. Snappy’s $70M gifts.

Episode Date: June 4, 2021

Funny little thing just got filed with the US Patent Office: A trademark by Tesla… for a restaurant (we’re calling it “Charge Club”). Twitter just whipped up the 1st major subscription service in all of social media. And Snappy just raised $70M for your boss to send you gifts you don’t hate.$TSLA $TWTRGot 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, June 4th. A man, yes, a plan, a canal, a tea boy. Let me get this straight. So you're saying AMC is going to merge with GameStop, convert the cash to Dogecoin, and then spack into a new company?

I'm just trying to interpret what you're putting out there, Jack. This is the best one yet, Jack. What's our first story? Tesla just filed for a new trademark for a Tesla restaurant. All right, you're charging your car for 45 minutes. May as well enjoy four or five wings. while you wait. For a second story, Twitter just unveiled the first paid subscription in social media history.

The first for three bucks a month, you could become super tweeter. For our third and final story, Snappy, just raised another $70 million. It's a private company that helps bosses send their employees' company gifts that are actually cool. That's more key. And here's what we're calling this, Gass, gifting as a service. Gass. But Snackers, before we hit those three fantastic stories. Such a good mix today.

We got to talk about the other snacks. The other snacks, not these snacks, not snacks daily, you know, the original snacks, the food snacks. Snackers, admit it, you're hoarding some snacks right now. Yeah, we know what that thing is. It's that thing that's a 4 p.m. 200 calorie mouth indulgence food snacks. Your other snacks. Apparently, 48% of Americans stash their snacks. That's right.

Nearly half of the United States right now is hiding a midday Hershey's, a midday popcorn, or a midday RX bar somewhere. Full disclosure, that's according to a study that we noticed was funded by a. marshmallow company. This is like the human fund. It's money for people. Now, apparently, we're all a little paranoid that someone's going to mooch on our snacks. If so facto, we're all hiding our snacks. So you bury your snacks like Buster Berries his bone in the back here. Jack, how about that 4 p.m. peanut butter binge? Hide it in the freezer. Jack, how about the 2 p.m. Coco treat? Sock drawer, perfect place. Snackers, the most successful place to stash your snacks. It's an oatmeal container. Obviously, go too. Yeah. Pro tip. Keep your sweetest snacks hidden among the less desirable snacks.

Jack, I love that. So what's the takeaway for all our buddies who are snacking right now, but also eating snacks? When it comes to eating snacks every day, don't share your snacks. But when it comes to listening to snacks daily, share your snacks daily. H-Y-H-Y S-T. If you know, you know, let's hit our three stories. You're tuned in the snacks daily. We spoke to the lawyers and we got to get something legal out the way.

The snacks about the hair ain't food. It's air candy. They don't reflect the views of the rob of her family. It's all informational just so. You know, we're not recommending any securities. Nope. It's not a research report or investment advice. Not an offer or sale of a security.

Right. Snacks is digestible. Business news for you. Robberhood Financial, LLC, member FINRA slash SIPC. For our first store, this one's wild. Tesla just filed the trademark for a restaurant. It's not just an electric car. It's an electric car ecosystem.

Oh, Jack. Remember, 2018? That one Elon tweet that's true. out to us in 2018. He said that he's a fan of the retro car hop, like, you know, an A&W driver. Right. You got the roller skates, which, by the way, I think roller skates are the original sustainable form of transportation. The brakes are in the front, not the back. It's awkward, which I think is how electric vehicles are. So Elon's thinking that a waitstaff on roller skates is going to deliver a root beer to a Tesla cyber truck driver who's getting his truck charged.

Then for three years, we heard absolutely nothing until this week. We noticed this. The U.S. Trademark Office, serial number 90740-074, Section 1B. Filing for a Tesla brand in restaurant services, pop-up restaurants, self-service restaurants, and takeout restaurants. This is the biggest step yet to combine charging stations with restaurants. Or as Jack and I like to call it, I love this, Jack. Charge clubs. Now, Snackers, you might think it's crazy for a luxury electric car maker to get into the food business.

It sounds a little crazy, but Jack, maybe people haven't heard of the Delta Sky Lounge, ever heard of it. True. They're serving their own food to flyers who are waiting. I mean, Jack, the best pad tie I've had in my life. Top three, JFK, Delta Skylounge. That's an embellishment. It's top five. So Snackers, picture this. Let's say you're driving a Model 3 Tesla.

You're getting hungry, and then boom, a menu pops up on the screen, so you order something in self-derived mode. One of Tesla's club charges is just 10 miles ahead. Yeah, it's so easy. On exit 7. It'll be ready when you get there. You're really hungry, so you opt for the plant-based. Elon Burger. Jack, I assume this is going to be plant-based. It probably will be. And there's going to be a side of

ludicrous mail. Right. Oh, and guess what? Waiter, please add the bill for this burger to my monthly Tesla lease. Boom. One price. You pay it once just once a month. Now, Snackers, to be clear, they've said nothing like this. All these details, Nick and I are making up. Pretty much. We just came up with these, including this one, like Jack, how about this bonus idea for after you're done your meal at Charge Club Tesla? Or maybe you weren't hungry, but your car's going to be charging for an hour. So why don't you jump into the locker room in the back where they got pelton's, lovely towels for your shower after. Again, this is highly dramatized. Tesla said none of this, but Jack and I think they should do all of this. Right. The only evidence we've seen is that one

trademark registration for Tesla branded restaurants. And then we had a lot of fun with it. And honestly, they should do all of this. But this makes even more sense because a close cousin of range anxiety is charging boredom. Jack, you're so right. You got a road trip. Your battery's running out. You got to charge. It's going to take 45 minutes. What are you going to do for those 45 minutes? Instead of being stuck for 45 minutes at a dreadful gas station. Brutal. Tesla could uplevel the charging experience.

Because a gas station, that's just function, the worst experience in retail. A charge club could be fashioned. So, Jack, what's the takeaway for our buddies over at Tesla? This is how Tesla justifies its half a trillion dollar valuation. By borrowing from Apple and building an ecosystem. We think the greatest value of Tesla, the company, could be in its electric infrastructure, not in the cars they sell. You got 1,000 Tesla superchargers in the U.S.

that charge your car faster, but only if you have a Tesla car. Next, they could add restaurants to each one of those charging stations and rebrand them charge clubs. Also, only for Tesla drivers. And then they could use Tesla's solar panel company, SolarCity, to power all of these charge clubs. Snackers, Tesla was the first mover in electric vehicles,

but a whole bunch of car companies have caught up. Jack, Audi can't charge your car, feed you, and make you feel good too, all at the same time? No, they can't. Charge Club would be an ecosystem for Tesla drivers. And it gives investors a way to justify Tesla's huge valuation. For our second story, Twitter just launched a subscription for power users. It's $3 a month.

And it's the first test of whether people will pay for social media. Okay, here's how this is going down. Snackers in Canada, Snackers in Australia, please send us the screenshots if you're doing this right now. Starting this week, there is a paid version of Twitter for you up there and over there called Twitter Blue. That's right. Twitter Blue. Pretty simple. Three bucks a month turns you into a super tweeter with great powers, such as the undo function. With great Twitter powers, comps a minor responsibility. Case and point, the big feature here.

You kind of have a delete button, which already exists, but it's not an edit button. So technically it's an undo function. It's definitely not the edit button we've all been craving. It actually just delays the send of your tweet. You can set a timer for up to 30 seconds before it goes live on Twitter. So, Jack, it gives you a little more time to agonize over a tweet before the world sees what took you about, give or take, 35 minutes to craft. Exactly.

The second perk you get is support priority. Yeah, so if you like flag trolls, Twitter will respond to your abuse complaint first instead of making you wait three weeks and then hear from a bot. You also get better bookmarking tools on Twitter. Gotta go out on a limb here, Jack, and say this. is the lamest of the big features. Yes, they let you set up folders to organize your saved tweets. I didn't even know you could save a tweet. But wait, Jack, there's more. What do I got to do to get you into Twitter blue? Maybe a new color scheme? Yeah, you could change the color of the app that

appears on your iPhone as you're like swiping through your apps from blue to something else. It's a vanity move. And all of this added up, it is part of Twitter's goal of doubling revenues by the end of 2023. Now, Australia and Canada right now, coming to the U.S. this year. But our wish, let us make long-form tweets. Yeah, long-form tweets. Or how about podcast? Can we be distributing this podcast via tweet? That'd be pretty nice.

I would pay for that, Jack. But I think three bucks a month earns you 281 characters per tweet. Honestly, it feels like we should rebrand this thing and just call it Twitter light blue. It's definitely the weakest of the blitz. It is a weak shade. But another funny thing, Jack, and I notice Snackers,

is that if you go to the handle at Twitter Blue, a real handle, they actually share with you the number of followers who have signed up for this brand new subscription service, Twitter Blue. It's very transparent. The number of followers is the number of people paying for Twitter Blue. And as of this recording, it's 5,838 people paying for Twitter Blue. So not that impressive, considering how many millions of people use Twitter, but it's a start.

Yeah. Based on the price, $3 a month and the features that are kind of underwhelming, we don't expect Twitter Blue to get wide adoption. But here's why Jack and I think it's fascinating, because we do think this is Twitter's first dip into a future subscription, X. exploration with big implications. Because they recently acquired a company called Scroll, which allows ad-free viewing experiences on the web. So they could eventually launch a paid version of Twitter that you pay for every month and you get no ads. If like we say Casper

Mattress on this podcast, you're not going to get like 50 ads for Casper mattresses in your Twitter feed. With a paid version of Twitter that eliminates ads, if you see Casper mattress in your Twitter feed, it's because you either follow them or they're tweeting at you, which would be really excited. That would be pretty cool. So just, Jack, what's the takeaway for our buddies over at Twitter LightBlue? Nobody has ever tested subscription social media. Snackers, for 15 years, Twitter has been free for all millions of users. The entire social media industry has been free for all its users because it's really an online advertising business.

Yeah, because YouTube, Snapchat, Facebook, Instagram, TikTok, they're all ad businesses. Mattress, mattress, mattress, you're going to see a mattress ad. And that has led to a common critique of the social. social media business model. That the platforms reward engagement. And that leads to problems. The platforms need you to spend as much time as possible on their apps so that you see as many ads as possible. So they make as much money as possible. But then you get this problem because divisive sensational misinformation, that's the content that tends to drive all that engagement that they need. So the ad-driven business model of social media incentivizes the companies to feed you bad content.

So here's what Jack and I are thinking. If this Twitter, Twitter experiment goes well, it could reform Twitter's problematic business model in a huge way. And maybe be a positive example for the rest of social media. For our third and final story, Snappy, just raised another $70 million so your company can send you a gift that you actually don't hate. Gifting as a service. It's solving the most underappreciated cost of business. Snappy.

Six years old, born and raised in New York City. It's like the gifts that mom sends you when you're like away at college, but it's gifts you actually really want it. I don't have the heart to say no. I have a lot of socks now. I actually have too many socks now. But I appreciate it. My Nana, bless her heart, sends me Reese's peanut butter puffs cereal.

Are you stashing that snack extract? They are delicious candy cereal. So Snackers, here's how Snappy works. You're going to get a box of something special for you, but here's the thing. You aren't actually Snappy's customer. The real customer is Comcast, Uber, Budweiser, or any other corporation. Snaffy's in the business to business business. It does the corporate gifting for the corporations. Gifting as a service. A.k.a. GASC. Snapy will remind the company that it's Toby's two-year work

anniversary next week. First of all, congrats to Toby. And then they'll send Toby a gift box. We hope you have some gratitude for this box, Toby. And revenues for Snappy grew 800% in the past year as companies sent employees care packages during work from home. I mean, it was a tough year. Hopefully your company sent you something to say they love you. Snappy sent one million gifts in the past six months, and we're wondering if they've learned how to forge signatures and say, love manager. I mean, they're not UNICEF, but they may be Santa kind of a thing. Now, this is the corporate schmooze economy. That's right, Snackers.

The corporate schmooze economy. It's a surprisingly big economy, but it's also a shockingly broken economy. We're talking about like company branded swag. It's an $125 billion business spent on employee inclined gifts. But get this, about 20% of those gifts are just returned. And a whole bunch of that company branded stuff that you get from companies. Probably more. It may not be returned, but it very well could be never used and thrown away.

I mean, Jack, the bank sent you like six key chains and 40 pens that only last a week. Oh, Comerica Bank paperweight. This is going to be great for me. I mean, it's more of a weapon than a paperweight. Oh, Jack, everybody. Everybody has that drawer in their home with like 40 USB sticks with some company logo on them. So Snappy realized you'll care more about the company and will appreciate the gift if the company's brand is not a gift. Socrates, let that sink in.

Snappy is going to send you instead AirPods, a Nintendo Switch. Maybe a little cruset pan because he didn't get it off the wedding registry. And here's the best part. You're actually going to choose which one of those you want. Manager doesn't choose. But Manager gets the credit because love manager. So Jack, what's the takeaway for our buddies over at Snappy? Employee retention is the most underappreciated cost of the post-pandemic economy.

Snackers, right now, we are seeing unprecedented employee turnover changing jobs. People are open to a different opportunity. According to a poll done by Microsoft Corporation, 40% of their 30,000 respondents are open to changing jobs this year. You want to refresh. Before the pandemic, by the way, the people leaving jobs was like 15% a year. So turnover is way up this year, and it's a huge hitting cost for companies. Jack, the cost to replace someone, you got to pay the HR team, then you got to pay a recruiter, you got to pay for training, and then you got the lost productivity.

Add up all those costs, and it's six to nine months on average of the person's salary who left. So here's the new mindset that we're noticing. Companies are going to spend a dollar in retention of employees to save $5 in turnover costs. And if one fancy French bake pan extends Toby's tenure at the company by two years, again, congrats Toby. then that's not a fancy bake pan. That is a great ROI for the company. Because employer retention is the most underappreciated cost right now.

Jack, can you whip up the takeaways for us before the weekend? Tesla could be gearing up to add restaurants at their charging stations. Charge club, you got to use your imagination to justify Tesla's huge stock price. Twitter has launched its much-hyped subscription for power users. We're talking the first paid social media experiment in social media history. Snapy is hooking up employees. with fancy fresh dishes, love manager. That keeps Jane from accounting at the company one extra year.

It's worth its weight in gold as opposed to a USB stick. And those fancy French dishes are heavy. Huge register regret. They're quite the weapon, actually. Yeah, it's a weapon for your eyes. I mean, it's beauty. Now, time for our snack fact of the day. This is what's sent in from a legendary snacker,

Brian Levy in the lovely Dominican Republic. The Green Bay Packers have the longest waiting list. to get season tickets in like anything. It's not like a couple of years there. We're talking it's a 30-year wait list for Green Bay Packer season tickets. And there are just a few thousand people in front of you in line to get season tickets at Lambeau Field. No, it's 130,000 people with names on the wait list for these Green Bay Packers season tickets. It's actually a common gift for newborn babies to put their name on the waiting list the moment that they're born.

The takeaway here, Wisconsin, home of the most patient fans on earth. Wisconsin, we actually don't mind the cold. Well, Snackers, you looked fantastic this week. Remember, it's Friday, the real Friday. Celebrate the wins. Jack, when are we celebrating today, by the way? Did Wilder take his first steps? Is he talking yet?

Not even close. Although his cooing is adorable. I mean, a win I'm not celebrating. I haven't been named his podfather yet, which is awkward for all of us. We're waiting for the right moment. Snackers, we'll see you on today. And before we go for the weekend, congrats to Liz Lopez and Lucas Tanaka, getting married.

And then they're heading down to Mexico for the honeymoon. And big shout out to Chef Stef Stefano Seki in New York who just got his first Michelin Star. Although I got to say that you don't need a second Michelin Star. No, you should be got, by way, we will be in New York on Tuesday. We are free at 7 p.m. for two people. Chef Stefano. Harvey Knight, congrats on the new job over at the Travis Air Force Base. And bravo to Cooper Anstack, who just launched a donut startup in Los Angeles.

We'll take two. Elaine Conn and Travis Drobin, congrats on getting married down in Hoboken. and Chelsea and Dan, happy anniversary in San Jose, California. Meanwhile, happy birthday to spinfluencer Sarah Cichelle in lovely New York City. And Bay John Seymour in Austin, Texas. And Tim Pang over in Oakland. And James Nathan, twin birthdays in Santiago, Chile. And Aaron DeVoce and happy birthday in New York City.

And Sophia Lopez in Perlin, Texas. And Alicia Garino in Hingham, Massachusetts, just outside Boston. And just over the 495, happy belated birthday to Scott from Cohasset, who snacks daily with his daughter arrive. And to Ben Barber from lovely St. John's. At Joey Lynn in Katie, Texas. Matt Bender, you got a big day of work. You're going to kill it.

This is Jack. Nick owned stock of Apple. I own stock of Peloton. 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 Robin Hood Markets, 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.

We hope you have some gratitude for this box, Toby.