The Best One Yet - ❤️‍🔥 “Will you marry them?” — Match’s human match-maker. Pure Watercraft’s eBoat. Zoom’s Home Alone.

Episode Date: November 24, 2021

It’s our last pod before Monday 11/29 so we whipped up a TBOY for ya… Dating app Match just unveiled a new feature that’s the opposite of everything it’s ever done: Human match-making for accele-daters. Pure Watercraft just gave up 25% of itself to General Motors for electric boats because if you can electrify a boat... you can electrify anything. And Zoom was the Stay at Home stock darling of the pandemic, but now it’s Home Alone. $MTCH $BMBL $ZM $GMGot 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, the new Thursday, November 24th. Today's pop. It's the best one here. This is a TBOI, Jack. Stocks barely budge, yes.

Yeah, because everyone has gone home. For our first story. What do we got, Jack? The newest feature from the dating app company match is to eliminate the dating app part. It's a human matchmaker. And, yeah, like Gwock, it's going to be extra. For our second story, Zoom was the leader of the work from home stocks. It was.

But it just hit. a peloton. I mean, it hit a problem. Zoom has gone from work from home to home alone. Mark, why are you dressed like a chicken? For our third and final story, Pure Watercraft is making the Tesla of the Seas, and it just hit a $600 million valuation. It is the thing, Snackers. If you can figure out electric boats, you can figure out electric anything. But before we hit that wonderful mix, honestly, going into a Thanksgiving vacation, this is the mix you want to go into. Today's pod is our last one until Monday. It is. We're going to miss you, Snackers. We're resting our vocal cords. We're basing some turkey legs. Jack, I've got a new squash recipe I'm working.

You know what the secret ingredient to the squash recipe is? No. Okay. Zakeet, well, Tahini. You drizzle tahini. I'm confused with the Zikini. What Nick's trying to say is it's Thanksgiving. And we have a lot to be thankful for it. We do. Snackers, we have so much gratitude on how this pod just gets made every day. We're thankful to Robin Hood for producing it. And the snacks team for publishing the best newsletter in the biz. And to our buddies at Cadence 13 for editing it every day. Adam, you're an audio magician. Most of all, we are thankful to the Snackers. Snackers, thank you for listening right now and every day.

Thank you. When Nick and I were kids, we were asked like every kid what we wanted to be when we grew up. Okay. And honestly, William did not say podcast hosts. The job didn't exist. The term didn't exist. Your listening, though, has given us the best job we could have ever imagined. And actually never could have even imagined because there was no word for this.

We're incredibly thankful that we get to turn on these mics every. day and whip up the takeaways for you. Every single day. Now, my favorite tradition for Thanksgiving. Please go ahead. Just run with this. You go around the table. Each person says what they're thankful about.

All right. About someone else at the table. All right. Well, I guess this is technically a table, actually. There's only two of us here. There's one table. Should I go first? You should go first on this one.

You should go first. Nick, I'm thankful for your incredible commitment to this pod and this friendship. The friendship goes back 16 years. Let's go with decades. And snacks goes back. 10 years. Well, Jack, I was going to say I'm thankful for your slamming salmon sweaters, but you just kick things up too notches. No, you're sticking with slam and sam. I do want to say this. We could have done an introduction right now on like some absurdly viral

asteroid that's heading toward Earth and NASA blew it up to save humanity, but that's not what we're doing. But instead, you always think of other people and not yourself. And you were thinking, what can we say right now? That's not about me. It's about someone else. So I appreciate that. Happy Thanksgiving, everybody. Let's hit our three stories. There we go. There we are. You're tuned in the snacks daily. We spoke to the lawyers and we got to get something legal out the way. It's snacks about to hear-rain 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. Snacks is digestible. Business news for you.

Robberhood Financial, LLC, member FINRA slash SIPC. For our first story, Match, their newest feature is actually the opposite of Match's oldest feature. Human matchmaking is coming to dating apps. Okay, Snackers, here's the deal. We're just going to let you know ahead of time of day in advance. The number one question you're going to get at Thanksgiving. Jack, the honors, what are you going to hear? What's your relationship status?

Are you seeing anyone here? Your aunt has seen like those photos from the pumpkin patch with that guy in the sweater. Are things developing? Maybe that girl you went, you know, Apple picking with. People are curious. Should I add one more setting to the Christmas dinner table? No, you're going to hate hearing that. So instead, here's what you can tell your friends and family.

Match.com stock, it's having some problems right now. Match groups stock has fallen 20% since announcing disappointing quarterly earnings. But the highlight for match is something the Wall Street Journal notice and something that Jack and I are calling accelerating. Accelerators are accelerating. The pandemic increased the urgency to nail down a long-term partner. Right now, like how is this going down? Number one, you're getting coffee. Date number two, you're meeting the parents.

I got a three-month plan here. You're like, hey, Mr. Taylor, actually, can I just call you, Roger? Let's get right to do this. The pandemic, we've all been cooped up at home. We want someone to be cooped up at home with. I need to be on a first-name basis with your parents. So it turns out accelerators will pay more for dating app features that increase the likelihood of a long-term partner. Perfect timing because the dating apps these days, they are whipping out features aggressively. Match's newest feature. It is wild.

You're not going to expect this. This is the opposite. Oh, by the way, Match is the group behind Tinder and Hinge. So this is a big deal when they unveil something new. Match just launched Human Matchmaking. For $5 a week. There you go. Snackers, dating apps forever, they've been defined by the digital algorithm.

You see a face that the algorithm showed you, and then you swipe left or right on that face. Well, human matchmaking is the antithesis of everything that Jack just said. With this $5 a week feature, match is going to show you two faces per week that humans on their team picked just for you. And kind of love what they did here. They actually invested in a 50 member team who've been trained professionally as dating coaches. Nick and I are calling them Cupid Seal Team 6. Yeah, this is like a Jedi council of compatibility. That's right.

Yeah, exactly. For example, one dater might have an Eiffel Tower in the background of their profile picture. Okay, then another data may have listed that one of their interests is croissant making. Now, the algorithm probably won't see any match. The algorithm doesn't see like some kind of cultural connection there. Like, you and I are saying. A human being on Cupid Seal Team 6 will notice a mutual affinity for French things. Say parfait.

So Cupid Seal Team 6 is going to just offer you two. So less quantity, but more quality. Perfect timing because that is exactly what accelerating daters are one. wanting these days. So, Jack, what's the takeaway for our buddies over in the dating app industry? Humans were just considered costs. Now they're seen as premium. Snackers, interesting thing, Jack and I are noticing. There is a willingness to pay a premium to add human beings back into digital experiences. Purely algorithmic experiences brought low cost options via app to all people. But now that there are so many apps offering all of that, the differentiator is actually

curation and quality. For example, Stitch Fix added humans back into the process. Yeah, they did. The algorithm chooses a box of clothing for you, but a human being adds creative flare to that wardrobe. Well, Match is doing the exact same thing, but they're doing it in dating. The algorithm narrows down a range of options, but a human being picks the person most likely to be Mr. Mrs. Right. Look, historically, human curation is costly, but it increases quality and crucially, it can end up saving you time. Accelerators want to save time. They want to settle down now. Accelerators may be willing to pay a premium for that human.

For our second story. Now a lot of snackers are probably like, what's going on with that asteroid you mentioned? It doesn't blow nothing up. No, it's a real story. Is it? We've got to get to our second story. Second story snackers, Zoom.

It was the Cinderella having a ball on Wall Street in 2020. But Zoom just announced the worst quarter they've ever reported. that think, Snackers, it's not the only one. Zoom, Zoom. Zoom. Zoom. The fastest word to ever become a verb. Beat Uber, beat Google, and beat... CleanX?

CleanX, yeah. Almost a year ago, Snackers. Zoom's revenue was growing 300%. Look, it wasn't just Zoom from work. You were Zoom birthday, Zoom bachelor party, Zoom bar mitzvice. 300%. That means revenue in the first quarter of this year was four times bigger than revenue in the first quarter of last year.

But, Jack, can we talk... About Zoom's most recent quarter. Growth wasn't at 300%. Okay. It fell to 35%. Snackers, 35% growth for Zoom. That is the worst quarterly growth for Zoom for as far back as they've ever reported, which is like 2018. That's because you're doing a real birthday.

A real bachelor party. A real barmets. All that, de-zoomed Zoom's growth. And there's competition from Facebook workplace, Microsoft, Salesforce. And all that. Unzumed Zoom's growth. Full disclosure. Yeah.

We use FaceTime every time. we record a podcast remote. We're not using Zoom for that. And it was like just as I perfected my resting Zoom face. But this isn't just the case for Zoom. No. This major slowdown. Stalkers.

Stayed home stocks have actually become home alone stocks. Peloton. Zilla. Chegg. Yes. You were working out at home. Yep. Scrolling real estate at home.

Learning from home ever since the pandemic began. These were the state home stocks of legend, of lore. Everyone was talking about. And their stocks were thriving. They were doubling, tripling and quadrupling. 2020. But now each of those state home stocks, now they're basically home alone stocks. We looked it up. Peloton, Zillow, Chegg, and Zoom. Each of their stocks are down at least 45% this year. Two of them are down 70%. The Kevin McAllisters of Wall Street. So Jack, what is the takeaway for our

buddies over at Zoom? What does midlife crisis look like for a tech company? Talk to me. It's losing your growth stock status. Snackers grow stocks. They have extra high valuations because investors expect years of major growth. Sure, it's a small company today. Yeah. But it's going to be huge in five years. So I'm buying the stock now. Uh-huh.

That kind of mentality drives up the stock prices of growth stocks. But Jack and I jump in Snack style, Zoom. It's already huge. Can you tell us how huge this is? 500,000 paying corporate clients. That's huge. They have a billion dollars of quarterly revenue. Not too shabby.

So investors are asking, with growth rates slowing down so aggressively, is Zoom still a growth stock? Well, Snack us. Let's look at Zoom stock. It's lost half its value because Zoom is losing its growth stock label. Now, Netflix is midlife as a tech company. Timing-wise, absolutely. And they definitely have found a second growth spread.

But on the other hand, Zoom and Peloton, they haven't yet. Zoom, Peloton, Chagginzillo. They need to prove that they still deserve growth stock stats. And that they're not just home alone. For our third and final story, an electric boat startup just sold a quarter of its to a car company. General Motors doesn't want to become an electric car company. He wants to become an electric vehicle company.

Funny thing you hear about the boat industry? Boats are either like really loud or really quiet. Motor boats. And you got... Let me try. Let me try. Let me try. You got jet ski loud. You got kayak quiet.

Nicely down. There we go. Pure watercraft is somewhere in the middle. They make motorboats, but electric motorboats. These are like the Teslas of the lake. It's a recreation of extremes. And it's almost a unicorn. There worth $600 million after their latest private fund rates.

And get this. Jack and I checked out the cap table of investors and their biggest investor in this round. General Motors. GM just bought 25% of this private company. Okay. So immediate thought, Jack and I have. Michigan loves boats. Nothing more. You get a Michigander talking about boats.

Michigan touches four of the five great lakes. Right. Detroit is actually further north in Canada. That's unrelated. That is unrelated. Anders will keep talking. So we figured GM loves boats. They wanted a side hustle doing boats.

Yeah, the interns can take out the boats, you know, for fun. The reality, though, GM looked at itself in the mirror and realized its name. General Motors is like, what are we doing? Who are we? Oh, wait, we're General Motors. Motors aren't just for cars. Yeah. And General is in their name.

Our name should be our future. A General Motors executive said this week about the acquisition. We want to extend our zero emissions goals beyond automotive. If so facto, what he's saying is generally we should just do motors. GM is behind an electric car, is behind Tesla. They may as well get ahead in another electrifiable industry like boats. Perfect timing. Pure watercraft, their e-boat motors are actually like super general.

One motor works on pretty much any boat. I'm just going to assume this works on like a 20-foot yacht or a three-foot dame. The executive went on. we at GM want to strategically deploy our technology across rail, trucks, and aerospace. Again, this is coming from a car company that just looked in the mirror and pumped itself up. I didn't know GM wants to get into aerospace. They want to launch that rocket that's going to solve this asteroid crisis you're so curious about. So, Jack, what's the takeaway for our buddies over at General Motors and Pure Watercraft?

If you can figure out an electric motor, you can figure out an electric anything. Same with dodging a wrench. Snackers. Here is the secret about electric motors. It has a third as many parts as a gas powered engine does, according to the Idaho National Laboratory. Okay, Snackers, here's how you make an electric motor. You need a battery, a controller, and a motor. That's it.

No carburetor. No dipstick. No, you're not doing any finagling under a chassis. That means that electric motors are simply more versatile than gas powered engines are for cars. Now, the challenge of an electric motor is the batteries. That's the hard part. So once GM figures out batteries,

which they're working very hard on. Very hard. They can use their motors on any type of vehicle. Jack, it feels like what you're trying to say is general motors is getting more general. Generally, yes, that's what I'm saying. Cars, boats, trains, planes, apparently like rocket ships eventually. Because electric motors can play any position.

Jack, and I'm very thankful for this, can you whip up the takeaways for us? You always whip them up with. Match group recently launched human matchmaking for the Match Dating app for Accentlator. Humans used to only be a cost. Now people are a premium you'll pay for. Zoom stock is now down 45% this year because it's home alone.

Zoom's in a midlife crisis and it's lost its growth stock status. GM just entered the electric boat business. An electric motor. It works on, you know, electric anything. Now, time for our snack fact of the day that we're going to turn over to Cherylann McKinney from lovely Montvail, New Jersey. Hi, Snackers. The Thanksgiving green bean casserole was invented in 15,

55 by Dorcas Riley, who was a staff member at the Campbell Soup Company. Today, over 40% of cream of mushroom soup purchases per year are used for this recipe. While it has become a very popular Thanksgiving side dish in the United States, a 2019 Harris poll revealed it is the least liked food served on Thanksgiving. Green bean casserole. Popular dish. Yes. Unpopular dish.

Well, now, I'm not going to lie, I am rethinking a lot of this recipe to the tahini on the squash. I didn't know mushroom had cream. I had a dream the hamburger was eating me. Snackers, you look fantastic today and you're going to look fantastic tomorrow. Jack and I are going to miss you. Happy Thanksgiving. We can't wait to see them. When you're with your friends and family, ask them, H. Y, HY, HYS. Have you had your snacks daily? If you know. And before we go, a shout out to Tebow, a snacker who Jack and I saw on the street in Midtown and he stopped us and said hi. So, thanks to you. Congrats to a Dayton Po Thomas, who's starring in Marvel's Hawkeye on Disney Plus and is pumped about the premiere. There we go. And D. Charlemagne and Samoa Hunt, enjoy the anniversary

in New York City. Happy two year anniversary to Emma Boulinjang. She's in France, with boyfriends in China, sending them both of them love. Hannah Thornberg, congratulations on the baby girl in Kansas. Congratulations to Hu Yule and Noreen. We're getting married in Paris. And Lee Sue and Angie Wu, they got a wedding in Australia, but it's a Chinese wedding. So, Leo, good luck with all the challenges the bridesmaids are going to throw at the groom. Happy birthday to Michelle Beckwith, legendary snacker who's brought the whole family into the game. She's from Blue Hill Maine. And Sandy Weinberg, happy birthday for turning two. Happy birthday to Josie Snyder, who works for the 76ers in Philadelphia. And Ryan Ung, enjoy the birthday in Jakarta, Indonesia.

Happy birthday to Trish Ferguson in Columbus, Ohio. And happy birthday to Diviak Shea, a digital nomad who's in a van like somewhere in Australia right now. Happy night to Amelia, who's probably on her way to lacrosse practice right now in Golden Colorado. And Faithan, Happy 18th in Greenville, South Carolina. Happy birthday, Osvaldo Cabasa in Canoga Park, California. And Sun Park in Cooper Tino, California. Happy birthday, Angela Alanis in Chicago. And congratulations to the city of London on getting your first Popeyes.

If you're celebrating something this long weekend, make it a T-Bull. Celebrate those wins. This is Jack. I own stock of Bumble, Netflix, and Stitch Fix, and Nick and I both own stock of Peloton, Spotify, and Zillow. 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 business. subsidiaries or affiliates. All investments involve risk, including loss of principle and past performance, does not guarantee future results. Robin Hood Financial LLC, member FINRA, SIPC. All right, time, chick, diamond, coconut. Don't I say that? Yeah. Three, two.