The Best One Yet - 🧁 “Delivery for Expats” — MGM’s $9B Amazon plot twist. Ford’s electric F-150. Goldbelly’s food-raise.

Episode Date: May 19, 2021

MGM Studios might get acquired for $9B… by Amazon (James Bond would work for Bezos). Ford’s F-150 truck is the iPhone of cars and the most successful car in American history — now it’s going electric. And Goldbelly just raised $100M to do what no other food platform can: Transform a product into an experience.$MGM $AMZN $F $AMCGot 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 Wednesday, May 19th. Spring hit Vermont heart. I am fully a schvitzed straight. You schvets it over there. Jack, it still feels like a TBO one.

I'm hot as a kebab over here. It's the best one yet. Doesn't matter the temperature. Jack, first story, what do we got? MGM Studios has reportedly received an acquisition offer from Amazon. James Bond could Brexit Britain. Go work for Bezos. For our second story, Ford sells more F-150 trucks in the United States.

True story. Then Tesla sells cars in the whole world. So ironic, Jack, because the Ford F-150 truck is going electric today. Throw it and final story. Goldbelly? Yeah. Goldbelly.com. They just raised $100 billion to do what no other food platform can.

You're turning magnolia cupcakes from a product into an experience. But Snackers, you get paid to do something at work. A lot of different things. A lot of things. You get paid to work. Maybe you get paid to network. Maybe you get paid to do both. Or, unfortunately, you may get paid to file TPS reports on.

Saturday. Yeah. On this case, Jack and I, we get paid to pod. True story. We get paid to do this. It's an incredible blessing. Honestly, we could just end it right here. Should we just hit our three stories, yeah? No. No, no. The main thing that you get paid to do, whoever you are a snacker, is to not fall asleep while working. That's right. While you're working, you're honestly supposed to be fully awake. That's like 99% of everyone's job. Except for this one job we noticed yesterday, which is professional napper. That's. That's right. People who are getting paid to nap. We're talking about a dream job on multiple levels. Now, there is a sleep research startup called Each Night, which has mattress reviews. That's what they do.

And they're looking for reviewers. So we jumped in Snacks style, checked out the job posting. They're paying $1,500 fee to take a nap on a mattress every day for 30 days. I guess the only downside of this job is the schlepping of the mattress in and out of your bed. The worst thing in the world. I'm making the bed is hard enough, having to replace the mattress. Don't even get me started. So you wake up to go to work. But then you go right back to bed. But then here's the other wild thing.

While you're sleeping, you're actually doing work. Mapping could become your side hustle snackers. But it requires no physical hustle. Let's hit our three stories. Mattress, mattress, mattress. 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 hearing food is air candy.

They don't 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. Right. Snacks is digestible. Business news for you.

Robberhood Financial, LLC, member Fenra slash SIPC. For our first story, Ford Motor Company just gave President Biden a preview of the most successful car in American history. The electric Ford F-150 could win over all the states between California and New York. Okay, so right now, President Biden's visiting dear-born Michigan. Jack. Right, actually. Technically. River Rouge plant where how long they've been making cars for over there, Jack?

They've been making cars for Henry Ford and the Ford family and the Ford descendants since 1970. Jack, fun fact here. Put in the word chassis into your GPS. Boom, it'll take you to Dearborn Michigan. Now, Joe Biden wasn't the VIP last night. It was actually the Ford F-150 Lightning. The Lightning. Sounds like the newest kind of dongle from Apple.

Actually, the suffix to signify that this is an electric motor vehicle, no gas engine. Better than Volkswagen. Now, two years ago, we got a preview of the F-150 Lightning when Ford posted a mysterious video on YouTube of an electric pickup truck towing a million pounds worth of train cars. I mean, you're going to herniate a disc watching this thing. I would say it's impressive. And then finally, today, after Joe Biden did yesterday, the rest of the world gets to see, finally, the F-150 Lightning.

It goes on sale next year. But Snackers, here is what's so fascinating about the Ford F-150. This is the true mother of all profit puppies. This thing has an iPhone-ish track record in terms of astonishing sales and profits. We're talking the DeNaris Targary and a driving. Where are my F-150s? They're apparently in the V8 Hemianches. Since 1981 Snackers, every single year since 1981, pre-Nick and me,

the Ford F-Series has been the number one selling vehicle in America. By the way, Jack, I love this new unit of time measurement. 44 straight years. We're talking the Madonna of metal over here. Yes. And the number one selling vehicle. This isn't the number one selling truck. It's not the number one selling car.

This includes every vehicle. Nothing is sold more for 44 years than the F-150. 2020. It sold 787,000 F-series pickup trucks. Most of them were F-150. By the way, Snackers, wondering what kind of cars Americans like. Number two and three were also pickup trucks, the Chevy Silverado. and the Dodge Ranch. Jack, we got a problem here because apparently some people aren't going to be

impressed. They want a little bit more context on the Ford F-150 profit puppy. Sales of that one product was 35% more than Tesla, the entire company. That's right. The Ford F-150 brought in $42 billion of revenue for Ford. Tesla brought in $31 billion overall. F-150 versus Tesla. Not Ford, just the F-150. Despite continued consistent profits, of the F-150. Ford's stock, though, is lagging just about every other carmaker. And, Jack, kind of the word on the street here. Ford's a little bit behind on electric. It's also a little bit behind on car sharing. It's also a little bit behind on self-driving. So, Jack, what's the takeaway for our buddies over at Ford with the F-150?

This could be the first ambassador electric car. All right, Snackers, here's how this breaks down. If you can win the F-150 owners, you can win America's heartland. California is the early adopter lover of electric cars. 35% of Tesla's U.S. sales happen in a home state of California. Jack, I walked down Pacific Avenue in San Francisco. The Teslas are driving Tesla. When we used to drive home from work, we'd see double-stacked cars with like 20 Tesla's behind. It was insane.

They were all being pumped out like some kind of agriculture. Florida, New York, other coastal states, they're riding the EV bandwagon too. But the number one state, when it comes to F-150 sales, it's Texas. And a majority of pickup trucks sold in this country are in red states. Okay, so that's why Biden is hyping the launch of the new F-150 Lightning because he wants to electrify America. And the infrastructure proposal he made spends $174 billion furthering the electrification of cars. So here's what Jack and I are thinking if the F-150 owners like the Lightning, this could be a dramatic turning point for electric vehicle adoption. Convincing truck owners to drive electric would be a big deal.

The first ambassador, EV. For our second story, Amazon has reported. reportedly offered to acquire MGM movie studios. No joke. Last year, they reportedly offered to acquire AMC theaters. Which means, Jack, we have to do a little unpacking here. Is that what you're thinking? Of the Amazon Prime Video Strategy. Now, when Bezos wants to buy like a rare animal, like let's say he wants to buy a lion,

comes with a whole movie studio behind it. You're wondering what MGM Studios is? Here you go. You know at the beginning of the movies? Yeah, yeah. Amazon is in talks to acquire. at MGM Studios for $9 billion, according to Variety, which is a great Hollywood news source. Hey, Alexa, can you update the term sheets for us?

This deal could be so crazy that it just makes perfect sense. Yeah, because back in December, MGM revealed, hey, it was looking for a buyer. It wanted to get out there. MGM, besides my lying impersonations, it's old Hollywood. It is. All the James Bond movies. All of them. All the Rocky movies.

All of them. All the legally blonde movies. Jack, if it came out on VHS and a Blu-ray disc, GM probably made this movie. Now, the first thought, okay, Amazon wants to beef up their library for Amazon Prime Video to keep you binging. And we don't blame you. That's your first thought. That's everyone's first thought too. But here's the thing. Each streamer has a different purpose for video production. Okay. For instance, Netflix's goal is to profit off of its $14 month subscriptions. They're a pure play streamer. It's the simplest business model. That's all they want. They put out content.

They want your subscription. They're making the profits. The other streamers aren't quite as obvious. Like Disney Plus, it's kind of the opposite of Netflix. They're like not priced to profit at all. Seven bucks a month. That's not going to make profits. The purpose of Disney Plus is to drive sales to the theme parks. License video games to video game companies and sell lunchbox. A Mandalorian Shmovie, it's one purpose, baby Yoda toys.

That's it. Their goal is to get people to fall in love with Disney. Apple, on the other hand, they have a streaming service. Their movies are on Apple TV Plus and they're intended to keep iPhone users happy. That's their purpose. Club Apple is an expensive club. that better be good. Which then brings us to Amazon Prime Video, which is, it's kind of a riddle here. Well, it's the lowest priced of all the streamers. If you realize that it comes free with Amazon Prime.

Okay. So then you're thinking, all right, maybe Amazon Prime's video goal is just, you know, keep Prime members happy. Keep you paying Prime every year. That's kind of like Apple's goal. Or maybe Prime Video has a completely different purpose. It just may lead to a takeaway. So, Jack, what's the takeaway for our buddies over at Amazon Prime? Amazon's video goal may be the most ambitious of them all. Amazon Prime movie theaters. Jackers, Amazon, they could turn digital video into physical retail. Last summer, reports swirled the AMC theaters, which was close to bankruptcy at the time.

Yeah, it was. Could be acquired by Amazon. It didn't happen. No. And that's a reminder that this MGM deal could totally not happen as well. But here's what Jack and I find fascinating is that there's some precedent here. Yes, a streamer has acquired movie theaters before. Netflix acquired a movie theater in Las Vegas.

Angeles and a theater in New York City. And then this February, there was speculation by Forbes that got people fantasizing again about Amazon Prime theaters. Also about AMC theaters. And Amazon could reinvent movie theaters if you think about it. They're perfectly positioned to. One of the most disappointing experiences in retail is walking up and finding that Coca-Cola is going to be $43 for a jug. Or missing the previews because you needed a bucket of popcorn and it took forever to wait and And you're really only doing the movies because of the previews. Well, Amazon, they've got some updates they could do. Imagine a movie theater experience with Amazon Go cashierless concessions. What if they had built in IMDB so you could see on the screen who actually was in these other movies?

Your mom's telling you. Amazon owns IMDB. And imagine free popcorn-type perks for prime members. Oh, wait, there's more. Amazon could have Thursday night football viewings at these movie theaters have a football viewing party because they won the NFL rights to that game this year. Oh, then of course, Amazon, they bought Whole Foods. So they've already shown that they're like into physical world things. They'd be down for this, Jack.

Amazon's own MGM movies. Okay. Shown in Amazon's own AMC theaters. Boom. Free to Amazon's own prime members. Boom. Daniel Craig's like 14th Bond movie is going to have him doing the cashierless tech in a Monaco casino. We're fantasizing here.

But the evidence suggests that could be one way that Jeff Bezos exits finally as Amazon CEO. For our third and final. story, Goldbelly just raised $100 million to deliver famous dishes nationwide. Goldbelly, for a price, a hefty price, they will deliver your favorite hometown dish wherever you live now. Founded in a small, Noe Valley, San Francisco apartment, eight years ago, basically is like a food marketplace for nostalgia. It's an unusual business.

The job titles there include Food Explorers. When you visit the website for Goldbelly, you'll see a tab that says regions. Which is a little awkward, so you're going to dive and snack. further and then find out what they actually do. They grab some restaurant-made great meals, freeze them, and then ship that iconic local food nationwide to wherever you are. And these aren't just like any restaurants. They're choosing the hometown favorites.

Like the thing your town was known for, they're going to send that. Born and raised in Austin, but now you're in Boston, you can ship Salt Lake Barbecue, the famous stuff from Austin, Texas. You know, maybe you're a Pats guy. Maybe you're a Gino's guy. But if you're a Pats guy, you can get the Pats cheese steaks from Philadelphia delivered to anywhere in the country. Say you're Jack Kramer and you loved artichoke pizza on East 14th Street, especially with your roommate Nick Martel back in 2012.

Yeah, we did. You loved it post-college when you're living in New York City. But you don't know wait on the lines. You're not in New York right now, but you're still craving the like four-pound slice of crab pizza. It's dense. Ten years later, Nick and I can order artichoke pizza for a price, $119 bucks for two pies. Although, Jack, I feel like if we did the math on a per calorie basis, this may work out pretty well, actually. They're very calorie-dense. It's a carby thing.

800 restaurants are on Goldbelly. A million new customers have joined in the last year, as we've needed some soul food. But Snackers, here's what Jack and I find fascinating about, Goldbelly. They're basically doing the opposite of every other food marketplace right now. They're contrarians over at Goldbelly. They are. Postmates, for example,

postmates, they're going to show you an expansive digital menu of stuff you can order. Goldbelly is just going to show you the signature dishes from the restaurants. listed. Over at Uber Eats, maybe open up your Uber Eats app. Their focuses on last mile delivery, anything within like an eight block radius. Goldbellies everybody. Yeah. Key lime pie from Kermit's and Key West, they'll ship at 3,456 miles all the way to Seattle. So then you got DoorDash, you know, which loves to highlight their ghost kitchens, which you guys know what ghost kitchens are. Ghost kitchens have no physical storefront. They're cold, efficient, soulless delivery food. I love the tone that would she hit that in check. Goldbelly,

On the other hand, they've got videos of chefs like David Chang or Marcus Samuelson whipping up the go-to-do dishes that you ordered nationwide. Finally, the food delivery apps, they're engaged in a massive price war. The lowest fees, the lowest prices, that's kind of what's been winning. Jack, can I give you the coupon for $2 off caviar? Goldbelly requires a second mortgage. Again, $119 for two artichoke pizzas. But the crap slices are really good. So, Jack, what's the takeaway for our buddies over at Goldbelly?

They're turning their product into an experience. Snackers, here's the thing. Food delivery, it's become a lowest fee wins, commodity, utility thing that you don't even have any allegiance to the apps. But Goldbelly reimagined a box of bacon as a whole experience and honestly, entertainment for the night. Jack, can you do us a favor and whip up the newest edition over at Goldbelly we noticed on the menu? A cheese it's birthday cake for 50 bucks shipped nationwide. That's right. You know, a casual cheese at birthday cake, it's only going to cost you $50.

You'll pay a premium. for Goldbelly food because it's not just functional trying to get in your belly. It is a nights worth of entertainment. It's a great gift. Yeah, honestly, we jumped in further snacks style. Goldbelly didn't like launch any kind of disruptive Silicon Valley technology. Venture capitalist just gave them $100 million because they managed to turn a utility product into an experience. Jack, can you whip up the takeaways for us over there?

Ford unveils the F-150 lightning today. The first ambassador electric could convince truck buyers to go electric. Second story, Amazon is reportedly offering to acquire MGM studios. And honestly, Amazon is perfectly positioned to reimagine movie theaters in a way that is not awful. Goldbelly, it's a private company making your private dinner feel like home. And they turned a product into an experience. By the way, Jack, remember when we celebrated the winds a few years ago with that like six-pound momofuku pork shoulder on 13th Street?

Is that for sale in Goldbelly? I'm looking at it right now. It's actually very expensive. It's also six pounds. Now, time for our snack back to the day. This one sent in by Robert Borker and King of Bethleh, a couple from the Netherlands who, having seen this first hand, Jack, they are fantastic at playing tennis in Alta Plaza Park. They, like, hand-delivered the snack fact to us, basically.

Well, these two are Dutch. And even though the Netherlands national flag is not orange, the national soccer team wears orange jerseys. Also, they pointed out that New York City's flag colors, Jack, orange. The New York Knicks, the New York Mets, orange. My Bronx High School, Jack, the colors for the school, orange. Snackers, New York City was settled by the Dutch. It used to be called New Amsterdam.

Last name of the Dutch, King happens to mean from Orange, William of Orange. So the Dutch gave New York City a love for trade. Yes, they did. And a tolerance for anyone willing to trade. And a whole lot of orange that remains to us to this day at Madison Square Garden. This must be why George Steinbrenner traded Jay Buehner. What was Steinbrenner's thinking? Snackers, you look fantastic today.

If you haven't yet, turn to someone to your right, to your left. and ask him, you know, H-Y-H-Y-S-D. Have you had your snacks daily? If you know, you know, and that's how we grow. We'll see you tomorrow. And before we go, congrats to Sissian Garamagnans, who is listening to every snacks daily this year, while on a stairmaster, has not missed a dayjack.

Dedication. And congrats to the fundraise to Nick Yurek. And to Blake Bradley, congrats on the new job in Austin. Congratulations to the new humble abode for Vuvu Wong in San Francisco. And Skyler McLaren, happy birthday stationed at Fort Meade. Happy 20th to Shrek. Ogres are like onions. Happy birthday to Norr, a Ness Cacker, over in lovely Providence, Rhode Island. Get some meat-side pockets.

And big happy birthday to Alvin Hui in San Francisco. And Dallas Williams over in Tacoma. And Kyle Glowacky in Brentwood, New Hampshire. And Morgan McQueen in San Francisco. And Natalie Barnes in Los Angeles, California. And Zoe Miller from the Woodlands, Texas. A lot of Snackers in the Woodlands, Texas. The entire wood.

Happy birthday to Haley Club. in Philadelphia, PA. And Anna Parker in Baton Rouge, Louisiana. And Salvatore in Chicago. And Sissy, and here's the thing about a stairmaster. You're always almost there. This is Jack. I own stock of Amazon and Netflix.

Nick on stock of Apple. 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, 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.