Pomposity: Tech And Big Business

In this Valentine's Day episode, we discuss the never-ending love affair between Tesla, investors and consumers that has catapulted it to becoming the 7th most valuable company in the world. Tech companies are circling like vultures looking for a way to get in on the action. Ford, GM, and obscure EVs are adding billions in wealth and Tesla is the glue. This isn't about cars though. It's about green energy which will be the biggest opportunity of our lifetimes.

We answer some essential questions about the Robin Hood/Reddit fiasco. Is Reddit correct about Wall Street hypocrisy? If so, what can be done to even the playing field? And lastly, what should be done to protect retail traders? The Lummox talks about practicing patience and how much impatience costs.

We cover President Biden's agenda and how that will impact business and the economy. We try to explain battle between Reddit and short sellers and GameStop stock. We discuss Elon Musk and Jeff Bezos fighting over space supremacy, Google's secret deal with Facebook, Netflix's Q4 earnings and why their business model is rock solid, GM building robotaxis with Microsoft, and the sudden emergence of Jack Ma. Our main story focuses on the concentration of power in big tech following Trump's social media name and Parler getting shut down across the board and how to control this power.

Special guest, Mr. Matan, helps me cover the $1.9T stimulus package, why tech workers are leaving big cities, and two IPOs last week (Poshmark, Affirm). We also discuss Bumble's S1 filing. Our main story is the rise of challenger banks like Chime that aim to expand access to banking services by tossing out antiquated practices and how financial literacy is a key to closing the wealth gap. We close with an emotional anecdote about my father and economic opportunity.

We acknowledge the harrowing events on Capitol Hill, discuss how social media is responsible for creating division, and we cover some quick tech news including Roku buying Quibi's content. We then cover how badly the economy is actually doing, how absurd the stock market actually is, and why your portfolio is screaming right now. Follow us @mikethelummox and leave us a review!

We give a quick update on the results that Wonder Woman 1984 and Soul had on HBO Max and Disney+ subscribers. We also cover US holiday retail results and how online sales are driving retail growth more than before. We dive into Tesla's soaring stock price, if it's justified or not and who could potentially go head to head with them. Finally, we dive into why the business models of Uber, Lyft, DoorDash and Instacart are terrible and how little their contractors get paid.

Big moves from Disney and WarnerMedia spell doom for movie theaters. How can they survive? Quick Antitrust update from episode 1. Square wants to buy Tidal and the NASDAQ kills traditional IPOs. We end with a disheartening prediction for 2021. Drop us a line @mikethelummox

We talk about Peloton's big move and discuss antitrust against the big four. Google and Facebook are being sued for antitrust and Facebook has accused Apple of anticompetitive behavior. We analyze the validity of the antitrust cases against each of the big four tech companies and what the potential implications are. Plus, two predictions for 2021! Leave a review or hit me up @mikethelummox