The Best One Yet - 🤩 “Keeping Up With The KardashaCoin” — Celebs’ crypto lawsuit. Harry’s $140M razor. The Great Sick Day.

Episode Date: January 13, 2022

Kim Kardashian is getting sued because 1 out of 5 Americans saw her Insta post on a CrapCoin. If ya noticed the store near you closed early, you can blame the biggest new problem in the economy: The Great Sick Day. And Harry’s Razors just raised $140M because it realized its greatest strength isn’t blades, it’s its brains.$BTC $ETHGot 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. You made it to Thursday, the new Friday, January 13th. Inflation is slowing, which is good, but it did inch up to a record high in December. Okay, best description of inflation we ever heard, Jack, can we quote our buddy fat Joe? Yesterday's price is not today's price. But today's pod is the best one yet.

TBOI for our first story. Shocker, when Kim Kardashian says buy crypto, people buy crypto. Now Kim's getting sued because the biggest victim of scam crypto. is legit crypto. For our second story, a record number of Americans are at home sick, and they're not watching the price is right on TV like I used. And the biggest threat to the economy right now is the great sick day. For our third and final story, Harry's razors just raised $140 million to shave you from head to toe hair.

But here's the funny thing, Harry's strongest muscle isn't its razors, it's its brain. But Snackers, before we hit that wonderful mix, honestly, I love this mix, Jack. Yesterday we told you a little something about cats. Yeah, how's cats? They're lounging on Elon Musk's Starlink satellite dishes because they want to stay warm. So today, we should tell you about an update on dogs. Yeah, we should. We should do dogs.

Jack, uh, the most important dog news of 2022, you got the honors. Snoop Dog may be launching a hot dog. That's right. Snoop Dog and the hot dog. There is a DO double G in both Snoop Dog and in hot dog now. Snoop Dog just applied for the trademark Snoop Dogs with two Gs. And the description is to use. the term to sell hot dogs and other types of sauce. Okay, other types of sausages. So Snoop Dog

hot dogs may just be the start. Pigs info shizzle nizzle blanket bizzle. Can we make that happen? It sounds like the order of choice. Snoop Dog already owns a liquor brand, CBD gummy brand and he wrote a cookbook. Now Snoop's whipping up weenies. Beef or pork. Wait on that. So you can wash down a Snoop Dog hot dog with the gin and juice. I got my mind on my mustard and my mustard on my mind. Bow, wow, wow, yippe, yo, yippe, yippe. Yeah, I'll have ketchup on that hot dog. What's the takeaway for our buddy Snoop Dog? If you overcook a Snoop Dog hot dog, you better drop it like it's hot. Let's get our three storms.

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 to hear ain't food. It's 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. Bravo her financial LLC member Fenra slash SIPC. For our first story, Kim Kardashian and Floyd Medweather and others are getting sued over promoting an alleged crypto scam on social media.

There's a hidden victim in this crypto scam. Okay, first of all, new thing on Bravo, keeping up with the crypto. Nick and I both on some Ethereum, by the way. Also, Jack, just throwing this out there, Chris Jenner, Satoshi Nakamoto. Snackers, you may have heard a lot about Ethereum. Yeah, it's a, it's like, you know, Bitcoin, but it's just more complicated to explain, honestly. There's like another element of Ethereum that somebody wants to tell you a whole bunch of it. You've got one friend who's willing to

spend about two hours out of a cocktail party, like lecturing you on whatever that difference is. It's not this pod, though. So when Kim Kardashian posted on Instagram last year about Ethereum Max, Nick and I were like, did we buy the wrong Ethereum? Because Mac sounds pretty good. So with the disclosure that this wasn't financial advice, Kim Kardashian said, swipe up to join the Ethereum Max community. She also disclosed that this was a paid ad. Yeah, she did say hashtag ad. But I got to tell you, what she said sounds very much like financial advice.

I'm looking at this and this, this tastes like financial advice, Jack. It's like, no offense, but you stink. That is offensive. Well, Kim Kardashian, she's got 228 million followers at the time that she posted this Ethereum Max ad. And thanks to sharing on social media, an estimated 21% of the U.S. population, saw that Instagram story published. out of every five Americans saw Kim Kardashian promote Ethereum Max. And now Kim Kardashian is getting sued.

Yeah. The lawsuit says that these promotions from last year were misleading and with false information. Kim and others artificially increased the price of the token so insiders like them could sell at a big price. Now, Ethereum Max has plummeted. It's down 98% from its high price. Today, get this, Snackers. Today, Ethereum Max's price is a decimal point. That's it. Followed by seven zeros and then a number. I don't know. I don't know. even know how to say that decimal. It's so small. Our second grade versions of ourselves knew what that decimal was. I think it's a 10 millionth of a cent.

People have gotten rich with crypto. Jack and I are not those people. And when people get rich with crypto, it results in a whole bunch of foam. How many messages have you gotten an Insta, Jack, like DMs pitching like the next Get Rich Quick NFT scheme going on? This is the next Ford Ape Yacht Club. Don't miss out. Beobu! Cryptos are popping up all the time.

Yesterday, over 30 new crypto coins were created. It can feel like Will Smith in the Wild Wild West. To protect people from scams, Facebook actually banned ads promoting crypto way back in 2018. That ban lasted four years. It did. But Facebook ended it last month, actually. They did. But individuals like Kim could always just pump crypto from their personal pages.

So, Jack, what's the takeaway for our buddies over in like the crypto scamming situation? There's a hidden victim of crypto scams and it's legit crypto. Yeah, last year, crypto crimes hit a record $14 billion. That's one lift. With this Ethereum Max scam, the people who bought Ethereum Max lost. Yeah, they lost money. Kim Kardashian loses too. Yeah, she lost reputation and legal fees for this lawsuit.

But legitimate cryptocurrencies, like Bitcoin and Ethereum, they lose in this scam as well. Because the people who bought Ethereum Max in this alleged scam, they soured on crypto. They got burned. If you get scammed on a crap coin, you're probably not going to jump into Bitcoin right after. You probably lost faith in cryptocurrency. Now, some crypto fans think that regulating crypto will slow its growth, which it might slow crypto's growth. But the greatest threat to crypto may actually be in not regulating it.

Because without regulations, the scammers thrive. And when scammers thrive, legit crypto loses too. For our second story, Omicron, it has led to a new thing that basically happened this week, the great sick day. Calling COVID-infection sick days is a sign. that this pandemic is now endemic. Okay, first of all, Snackers, big numbers here. 1.35 million new confirmed COVID infections on Monday in the United States.

On just Monday. Yeah. That is four times more COVID infections than the pre-Omocron record high. Four times more infections. And we've got like some competing forces of play here too. On the one hand, Omicron is more transmissible than previous ones, but it's less severe. And the more infectious force is winning. We got record hospitalization.

But thankfully, fewer deaths than the record highs last year. Okay. Another big number. In just the last five days, there are at least six million people who've tested positive for COVID. So six million people are following the COVID protocol, isolating at home to make sure they don't infect other people. Jack, that's not a sick day.

That's the great sick day. Great with a capital G. And six million positive confirmed tests in the past five days. That's an undercount. A great sick day. It's even bigger than we thought. Some people take a rapid test at home, test positive, and don't want. report the results. So it's more than 6 million people at home sick. So he's what's so freaky about the

sick day snackers. It isn't picking industries. From stores to airplanes to the NBA to the New York City subway, they're all suffering from the great sick day. Yeah. And this week is when we really started noticing this stuff. Jobs that require people to physically come in to do work, they are short on workers because they're not coming in. Okay, Jack, you got Starbucks, Nike, Lulu Lemon, Macy's, Apple. They're all reducing store hours because they're short on staff because people are back at home at sick. Walmart even temporarily shut down an entire super store because of short staff. U.S. Airlines, they've canceled more than 28,000 flights since Christmas Eve.

They're short on pilots and flight attendants. A third of the United Airlines team at Newark Airport, they're home sick. Teachers are calling him sick. Nurses and healthcare workers are too, because they're catching COVID. One fifth of the entire New York City subway worker workforce was out sick over the weekend. That's by your four-translating. Even in the NBA, 11 games were postponed last month because 200 players had to call in sick. The only good part here is the replacement players who jumped in and signed 10-day contracts

and got to play in the NBA for a week. They went from like bagging groceries to bagging three-pointers. Not too shabby. So, Jack, what's the takeaway for our buddies over in the entire U.S. economy? 2022 could be the year that COVID gets normalized. Yeah, Snackers, there's actually a bullcase here. It's that there's a silver lining to the wildfire spread of the Omicron variant. If the variant peaks soon, which experts think it will, that could leave us with enough

vaccinated people and unvaccinated people with antibodies to end the pandemic. But there's a very real case. We never get vaccinated enough as a society to kill COVID. Politicians around the globe, they seem to be pivoting their messaging to think about the virus as a part of our lives for the future. Yeah, COVID infection for many. That was like once a terrifying announcement by Tom Hanks. But now, some are calling COVID infections a sick day. And from Biden to New York City's new mayor, we're noticing leaders are calling the pandemic's very existence, endemic, not pandemic.

That means it's not going away. It's always going to be lurking like the flu. So companies are following the CDC. They're cut and paid sick leave to just five days if you got COVID leading to the great sick day. Calling COVID absences a sick day means COVID is normalizing. For our third and final story, grab it out of the cabinet. Harry's Razors just raised a whopping $140 million. Because the Razor Company's strength isn't a clean-shaven face.

No, it's not. It's a functional... It's their brain. It's the brain. Yeah, Snackers, Macy and Harry's Razors. Nine years old, they basically, the founders took the same warden classes, Allbirds and Warby Parker. Instead of selling 46 blade gelette razors.

Another blade. Harry's is a simple, direct-to-consumer razor subscription. Fewer blades, way more millennialiness. If you don't shave your face with Harry's, do you even drink oat milk? I didn't get the latte because I just bought another razor blade instead. Here's the news. Harry's just raised $140 million and is now worth nearly $2 billion. This is a private startup.

Remember I say either raises before my wedding, all the groomsmen. Get groomed. Yeah, totally. It was a groomsman gift. Great gift. I could see it in your shoes. I actually haven't shaved it over. But Snackers, this is why it's so shocking.

Harry's just raised that money because there was a major problem for Harry's back in April 2020. Harry's went remote. They started working remote like all the rest of us. And they started doing Zoom meetings like the rest of us. So totally normal. Everyone was doing it. But Harry's CEO noticed that Harry's Razor employees were growing beards on the Zoom calls. That's not good. No, he literally said that's not good. Pandemic face patchiness. Yes. The work from home, why would I shave look? That was not good for Harry's razor. Jack, the stubble went in, the shaver went out. Because when you're watching Netflix, Netflix isn't judging you. Razor industry sales in 2020. They fell by 11%. But get this snackers, not the case with Harry's. While Gillette and Shaq was in

free fall, Harry's sales rose by 25% that year in 2020. And that's why Harry's valuation is up from the $1.37 billion acquisition price that was blocked by regulators a couple years ago. Their valuation is up despite this beard trend breakdown. Yes. Because Harry's pivoted. So Jack and I were fascinated. We jumped in snack style. Feels like a takeaway. So Jack, What's the takeaway for our buddies over at Harry's? Harry's realized their greatest muscle isn't the product. It's the mindset. Okay, so it looks like regulators won't let a big razor company buy Harry's razor startup.

Good thing Harry's pivoted instead. From a razor company to a razor company and startup incubator. Get this, because back in 2018, pre-pandemic, Harry's, launched a little thing called Harry's Labs. The goal of Harry's Labs was to launch new brands, not called Harry's, and not related to their core razor's business. So first they launched something called Flamango. Well, yeah, that is Brazier. It is, it is. But it's for women.

It's a women's race company. But then they launched headquarters. Which is a hair care company. And then they launched a startup called Cat Person. Great name. Literally cat food. And then they just acquired a company that makes like natural deodorant. Is that right?

They did like two weeks ago or something like that over the holidays. Harry's Strength wasn't the razor blade that crafts Ron Swanson's broom-sized mustache. No, no. It's core strength that Harry's was building a direct-to-consumer brand. regardless of the product. From shampoo to cat food to razors to what's it, natural deodorant? Natural deodoring. Harry's recognized

its true greatest muscle. It's brain. Jack, can you whip up the takeaways for us over there? Kim Kardashian has been sued over an insta post about Ethereum Max. Yeah, the hidden victim of crypto scams. It's legit crypto. For our second story, the Omicron wave means

at least 6 million people are at home sick right now. The great sick day, because the pandemic is normalizing. third and final story. Harry's isn't just razors. Yeah, they're starting up a bunch of things because they're really about their brains. Now, time for our snack fact of the day. This one was told to me by Jack like two hours ago. We're like, this is great. Let's use this. Let's throw this on the pond. Alex and I, we had our honeymoon a couple years ago at Lake Tahoe. So we love Lake Tahoe. And I know you're there right now. I'm looking outside and I feel like, I feel like going and shouting this from the rooftops. I love this Snapchat. Mick is potting live from an Airbnb at Lake Tahoe.

Honestly, Jack, I've got a stack of like seven records, two books and like a crate and barrel thing that I'm recording on top of. Pro tip, if you have to record a podcast from an Airbnb, ask them to send you proof that the Wi-Fi speed is very hot with like a screenshot. They did. The Tau-A-frame didn't disappoint. But we should get to the snack fact. It's a great snack fact. Okay. Lake Tahoe is over 1,600 feet deep. That's tall enough to fit the Empire Stateboat. It's the second deepest lake in the entire United States. There's a lot of water in this lake. A lot of water. 39 trillion gallons of water.

Okay, so Jack, how much water is 39 trillion gallons of water? Lake Tahoe takes up a tiny space right in the elbow of Nevada and California. Yeah. But there's enough water that if you spread it out to cover the entire state of California with 14 inches of water. We could cover California deep with water just from Lake Tahoe. That's enough for the whole state to be a kiddie pool. Snackers, you look. fantastic today. By the way, if you want to shout out on this pod because you got a birthday or

you want to send us a snack fact, we got two links to submit yours right here in this episode. They're Google forms. Anyone can do a Google form. Fill it out. We love your snack facts and we also love your birthday. Nick and I will see you tomorrow. Can't wait. If you know, you know. And before we go, happy birthday to Snacker Stephanie over in Chicago doing logistics. Happy 110th birthday to Oreos. And Vincent and Mickey, they got engaged. We said yesterday on a helicopter in Punta Cana, which sounded incredible, but we made a mistake. Punta Kana is not in Mexico. It's in the Dominican Republic.

And I think we might have to take a research trip down to Puntacona, Nick, to correct this mistake. It sounds like we should be at Vincent and Mickey's Maddo just to make sure everything, you know, is legit and fact-checked and totally cool. Vincent and Mickey, yeah, you know, I'll take vegetarian, Nick'll take chicken. We'll see you there. And happy second birthday to River. That Kentucky gal, she now lives up in Vermont with a lot.

Alex, me and Wally. We should clarify she's a dog. Who's a good girl? This is Jack. Nick and I both own some Bitcoin, some Ethereum, and stock of Airbnb. Nick owned stock of Apple and Lulu Lemon, and I own stock of Netflix. Robin Hood Snacks, newsletters, and podcasts reflect the opinions of only the authors who are associated persons of Robin Hood Financial LLC and do not reflect the views of Robin Hood Markets, Inc, or any of its subsidiaries or affiliates. They are meant for informational purposes only and are not a recommendation to buy or sell any security, cryptocurrency, or investment strategy in any account. This is not an offer or sale of a security, not a research report,

and is not intended to serve on the basis for any investment decision. Any third-party information provided therein does not reflect the views of Robin Hood Markets Inc, Robin Hood Financial LLC, or any of their subsidiaries or affiliates. All investments involve risk, including loss of principal and past performance, does not guarantee future results. Robin Hood Financial LLC, member FINRA, SIPC.