The Best One Yet - 📜 “Nic Cage for $41M” — Constitution DAO. Starbucks’ Amazon latte. Nvidia’s goldrush shovels.

Episode Date: November 19, 2021

We’ve got a Batman/Superman situation as Starbucks and Amazon team up on a store. Nicolas Cage is pumped that a copy of the US Constitution was (almost) bought by a special crypto team: aka “The DAO.” And Nvidia stock jumped 8% because it whipped up a physical shovel to the digital meta goldrush.$NVDA $SBUX $AMZN $NVDA $ETH $BTCGot 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.

Your hair looks huge. It does look huge. You get an haircut Saturday. Oh, man, I really need a haircut. Here we go. Three, two. This is Nick. This is Jack.

And this is Snacks Daily. It is Friday, the Real Friday, November 19th. It's Friday. I got my Friday flannels. There we go. I'm also wearing darn tough wool socks, which have a lifetime guarantee. I'm just going to assume it's like negative 20 degrees, wherever you are you are right now. It is.

We got snow this week. There we go. I'm going to get a haircut. I really need that haircut. Today's pod, though, is the best one yet. For our first story, a copy of the U.S. Constitution was auctioned off last night. And a club of crypto fans made the opening bid. Yes, they did.

They made the opening bid. For our second story, Starbucks just teamed up with Amazon for a brand new store where you can just walk out. We're calling it the urban drive-thru, aka the run-through. For our third and final story, Navidio makes computer chips. Those chips are so famous, some people are naming their dogs, V-Vidia. Invidia, they are selling shovels to the Metaverse Gold Rush. But Snackers, before you hit that wonderful mix, wonderful mix of stories, mediocre attempt at the Nicholas Cage voice. What do you think? I thought it was decent. It was pretty good. I practiced in front of a mirror

pretty frequently. Snackers, it's Friday. It is Friday. The real Friday. That means one thing. One thing. Karaoke. Karioki, baby. If you're not scraping the pan to R-E-S-P-E-C-T, was it actually Friday night. Jack, you don't wagon wheel alone. You'll wagon wheel everyone else in the room. But Snackers, this is a problem. Karaoke's been on a decline in America for a while. Like a prayer. The number of karaoke bars in the U.S. for the past 10 years has fallen each year. Since you've been gone.

It feels like, though, there's change in the air. Mr. Brightside? Spotify finally has lyrics. Whatever you're listening to, the words to it are right there. Yeah, Snackers. Now you can karaoke in the taxi while you're on your way to the karaoke bar. Perfect. You can actually figure out what Sporty's

Spice is actually saying, oh, it's Ziggasigah, not Zika Zikaha. Now, the next thing Spotify should do is make podcast karaoke a thing. There we go. For a podcast, can we sing along with our favorite podcast intro? It feels like that makes sense. It feels like we should transition to our rap legal jingle right now. We don't actually need the lyrics because we know the lyrics by heart. 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 to hear rain food. It's air candy. They don't reflect the views of the Robin Hood 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 Robahood Financial LLC Member Fenra slash SIPC For our first story

The number one coffee chain And the number one e-commerce company on Earth Are teaming up for the same thing Starbucks and Amazon just opened their first store together. This feels like a Batman and Superman situation, Jack. Beyonce and T. Swift? That works too. That works too. It's rare that you see two number ones teaming up.

But then we saw this in the wild yesterday. Two number ones equal to number one. Starbucks and Amazon are joint launching a new store location in New York City. In Gotham, baby. Batman Superman. On the corner of 59th and Lex. On 59th and Lex, you are on your way to somewhere very quickly. There is an Express 456 station there. that's not local. That's an express cross street.

Now, Snackers, the name of this wonderful new number one and number one venture is Starbucks pickup and Amazon Go. It's kind of a mouthful, actually. Pickup and Go is in there. So it's a long name with a pun embedded. There was a lot of opportunity for the Star Amazon. There was a lot more opportunity here. We'll just leave it at that. Here's what both sides are bringing to the relationship. Starbucks has Batman-like strength. We're talking 34,000 physical stores. The largest coffee chain on planet Earth. Amazon has superhuman superman strength. We're talking two trillion dollars in market value. That's the largest e-commerce company on Earth. Here's how the store works. This

debut Starbucks pickup and Amazon Go, it has your standard Starbucks restaurant in there. This is a special store. You got to go in and do the special thing there. Right. The novelty of this Starbucks Amazon store is you don't need to talk to anybody. Okay, the novelty is that you don't need to talk to someone on the way in when you place the order or on the way out when you got the stuff. You walk in and you scan your Amazon app. Then you grab whatever you want, drinks or food, and just walk out. Yeah, because they've got Amazon Go technology in the Starbucks that is measuring everything you're getting. There's 300 cameras that will watch you, identify you, and then charge you using your Amazon account. Yeah, and then they stick it in your virtual shopping cart. And it's not just coffees, too. They have like

some legit food there. They got the fancy eggs and they've got like bagels and smear. So you're in and out super fast. You are. Please put one of these. in the airport. This is when I need this. So Jack, what's the takeaway for our buddies over at Starbucks and Amazon just created the urban drive-thru? Yeah. AKA the run-through. Snackers, the suburban drive-thru, you're familiar with it. It was like the theme of the pandemic on the go so you can eat at home and you're not interacting with anyone. KFC Taco Bell Domino's. They designed new store concepts to get you home with your food as quickly as possible. But here's the key. Different regions have different customers that require different approaches to the

same problem. If you're living in a big city, you probably don't have a car. Yeah, honestly, you may not even have a driver's license. Like Dave Franzel, my buddy from high school, he didn't have a driver's license, Jack. So the Starbucks, Amazon store is perfect. It's the urban drive-thru. Yeah, but it's a city, so you're running. It's a run-through. It's got the same exact goal as the drive-thru. Grab and go. But different application. City life. For our second story, this one's wild. Last night, a copy of the U.S. Constitution was casually put up auction. And a group of revolutionary crypto fans cobbled

together nearly $50 million to buy it. Okay, we should go back to September 1787. Delegates gathering in Philadelphia, probably pretty hot, probably pretty humid. Was it in July? No, that was actually the declaration of it. Yeah, it actually could have been kind of chilly, but they

were signing the U.S. Constitution at the time. There are 13 original signed versions of the U.S. Constitution that still exist today, which is, we assume one Proach colony? Boom. Well, yesterday, the last privately owned original first edition version of the U.S. Constitution was up for auction at Sotheby's. Sotheby's expected that this super rare item and super meaningful item would sell for up to $20 million. Okay, by the way, this auction's going on right now while Jack and I are recording this pod. Yeah, we wish we knew the answer.

We don't know the answer. We don't. We're recording the pod while the auction's going. I'm checking it. But we are seeing private collectors like classic holding up paddles to like outbid the other millionaire next to them. It's very official. I'm looking at him right now. He's got the paddle. Jack, he's got the paddle right now. But get this. An online group of total strangers raised $46 million to toss in their own bid. And that $46 million, it kind of came out of nowhere because this whole crazy situation began just eight days ago. Eight days ago, 10 people started chatting on Twitter and came up with a wild idea. Let's pool cash together from the internet.

Why not? Like anyone can chip in? And let's purchase this founding document that is for sale. Let's buy the most famous governing document with a new governing organization. Why not? That new governing organization is called the Dow. The Dow.

A decentralized autonomous organization. Specifically, this group is called the Constitution Dau. The Constitution decentralized autonomous organization. It's a mouthful. Some people call this Constitution Dow a financial flash mob because what has gone down the last eight days is insane. It's basically like a crypto crowdfunding. That's how you got to think of this. But this isn't like a go fund me to crowdsource money for a good cause. Great point check. They're crowdsourcing money to buy a really cool, expensive thing that they

couldn't afford themselves individually. This is a chat room that has a shared Venmo account that everyone can throw money into. So everyone who chips into the constitutional Dow Fund, using Ethereum, by the way, that's the crypto angle. Using ether. Gets a token called people, as in we the people of the United States. Now, individually, this token you'd get is in ownership. It's the right to vote on what the Dow does. Together, though, the Dow could own the Constitution through this auction.

And what to do with that Constitution is determined by the vote of all the token holders. So Nick and I are looking at this, and it looks like the Dow is like a co-op grocery store. Totally. But they're going to own the Constitution, not aisle 5 and aisle 6 of corn and muffins. Again, there's no leader of the Dow. It's decentralized. And it operates independently. It's autonomous. And the rallying cry happens to be something really cool called Wagby. Which means we're all going to buy it. It's very simple and straightforward. You see it on Twitter. And if they do buy it, the plan is to display their constitution at a museum, maybe at the New York Public Library. But again, that's subject to a vote by the token holder.

And by the way, it's unclear what would happen if the Dow lost because there's no obligation and no contract that they have to give the money back. Hopefully they give the money back to the people who chipped in. Or maybe they would just vote to do something else with the $46 million. Like buy an NFT of Nick Cage's face. Yeah, this is literally the plot of National Treasure 3. By the way, John Voight deserved an Oscar, Jack, for number one. I'll take your word for it. So, Jack, what's the takeaway for our buddies over at the Constitution Dow who are beating on this right.

Now, the Dow won, even if it's bid to buy the Constitution, fails. Yeah, Snackers, literally this auction is happening right now live. I'm checking the YouTube page, Jack, it's still in the middle of the auction. I see the Constitutional Congress debating in a mural, in a painting. Well, Snackers, $46 million that this Constitution Dow raised, that's a ton of money to raise, but it may not be enough. Yeah, Elon probably sneezes $46 million. So some bagillionaire might outbid Constitutional Dow for this document. But there are two ways that this Dow could end up.

And here's the thing. Both ways, the Dow wins. Constitutional Dow could be like Rocky from Rocky 1. Yes. It loses, but it goes the distance, so it kind of wins anyway. Or Constitution Dow could be like Rocky and Rocky too. It wins because it just flat out won the fight. Even if it fails to buy the Constitution,

constitutional Dow succeeded in showing a new way to build a community online. The Dow brings together disparate communities for a common goal at a huge scale. For our third and final story, chips. Chips are winning these days. Smart chips are winning and dumb chips are winning. Every kind of chip seems to be winning. Navidia is top shelf stuff.

Global foundries, they got the bottom shelf chips. Okay, before we get into the chips, Jack, can we swing over to our buddies over at the Ford Motor Company factories? All right. Some of their factories are shut because they had to prioritize only their most profitable cars

because there's a shortage of chips. Go into your car. I mean, it's got an info. It's got a rearview camera. It's got cruise control. Chips. They have a lot of chips. Cars need lots of chips. So Ford just announced a strategic partnership with Global Foundries. Global Foundries, kind of a freaky name, but they're a publicly traded company that's been making pretty simple, straightforward chips these days. If Global Foundries is simpler chips, like mass-produced high school level chips, then Navidia is a MacArthur fellow. They're making this fancy stuff that studied abroad for three years, has two degrees, and tells you 15 times in every conversation it went to school in Cambridge.

Invidia develops the most cutting edge, highly computing semiconductor chips. And one of the reasons they've kept that consistency over the years is because they've had the same CEO for the past 30 years, the guy you found at the company. Their G-Force chip probably powered whatever video game you played most recently. And under the reign of CEO Jensen Wang, Nvidia became the stock of the year all the way back. in 2016. Best performing stock in the S&P 500 that year. It was. They grew by 227% in 2016. Wait, we're checking the stats. InVIDIA stock doubled last year, and it's doubled so far this year, too. The stock rose 8% more yesterday. It's almost worth a trillion dollars because last quarter revenues jumped for this chip company by 50% to a record $7 billion. That's half a lift.

But the most important part of Navidia right now is an article they have on their website called what is the Metaverse? And the reason this is maybe the most important part of the company is because they really want you to know about the Metaverse. They are invested in it. Because they think Navidia chips will power the Metaverse. So Jack, what's the takeaway for our buddies over at Nvidia and all the chip companies pumping out chips?

Chips are the shovels and spades of the Metaverse Gold Rush. Snackers' chips, they have enjoyed a run lately because they are digitizing all the physical. First computers, then smartphones, then cars. But now, the focus is shifting to the virtual world of the Metaverse. We've seen it all quarter long. To access this entirely different digital world, you'll need a physical thing to get there. You're going to need a highly technical virtual reality goggle, which needs some highly

technical computer chips. In the past few weeks, we've seen Facebook, Disney, Nike, McDonald's. They're all planning their entrance to the Metaverse. They're all in the Metaverse Gold Rush. Well, if they're going to get to that gold rush, they're going to need the shovels and spades to start digging. and chips are the shovels and spades of the Metaverse Gold Rush. Jack, can you whip up the takeaways for us in that flannel before the weekend?

Starbucks and Amazon are launching a store together. It's the first ever run-through store. It's an urban drive-thru. For our second story, for cars or video games, chips are in high demand. Chips are the shovels and spades to the Metaverse Gold Rush. Now, time for our snack fact of the day, which is the third takeaway that we know you're curious about, what ended up happening to the Constitution Dow bidding. We just watched it live. Constitution Dow did not win the auction.

Just came in, they didn't win the auction. They didn't win the Constitution. Constitution Dow said on Twitter, they raised $35 million, not the $46 million that was originally being reported. Exactly. The final bid ended up being $41 million. Constitution Dow said on Twitter, though, they still made history. They did. And they also intend to refund the money, which they technically don't even have to do. So Constitution Don't know was Rocky from Rocky won. Yeah. They didn't win the auction, but they still won.

And that's our takeaway. Snackers, you can win this weekend if you share your snacks with the people you're going to see and ask them, H-Y-H-Y-Y S-D. Hopefully it's during karaoke. Because, like, that's easier now. As Scary Spice would say, have you had your snacks daily? Nick and I'll see you Monday. If you know, you know.

And before we go, congratulations to Anthony and Sarah on the five-year match anniversary for meeting on Tinder. There we go. to Jeremy Goldstein in Dundas, Ontario, and Caleb in Fort Myers, and Noah in Abingdon, Virginia. And Craig Donovan, turning 75 over in Phoenix. Happy 11th birthday to Asher Haas in Cleveland, Ohio. And Al Manino down in New Jersey. Happy birthday to Sam Felle in San Francisco.

And Lindsay Coush, part of a great couple with Tony Nash, happy birthday. I actually saw a video of their wedding. Tony came out with a wrestling ring championship belt. It was awesome. This guy knows how to do a wedding. Happy birthday, Jacqueline Cranzler in Atlanta, Georgia. And Patrick White in Chicago. Happy birthday to Erie and Channanyi Marty, a couple with birthdays one day apart up in the Bronx.

And Zion Blair, happy one month birthday down in San Diego. Happy birth to Gabriella Lopez in Houston, Texas. Nick and Bridget, congrats on the one-year anniversary in Brighton, Massachusetts, just outside Boston. Happy anniversary to Zelda and Ephraim Berger in Miami, Florida. And Shane and Lorraine, congrats on the one-year Annie, celebrating in Joshua Tree. It's a dry heat. Happy anniversary to Taylor and Mary. By the way, someone's starting for a CFP. Good luck. Good luck with that. And Bob and Katie Finn, congrats on the 30-year anniversary in Mechanicsburg. This is Jack. I own stock of Amazon and Nick and I both own some Ethereum.

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