👍 “r/ipo” — Reddit’s IPO surge. The USA sues Apple. Hidden Valley Ranch’s breakfast strategy.
Episode description
Reddit, the front page of the internet, just delivered the biggest IPO of the year, and the stock rose 48% on the first day — But Reddit’s community giveth, they can also taketh away.
Apple just became the final Big Tech company to get sued by the US government — It’s not being sued for iPhone dominance, it’s being sued for abusing that dominance.
And Ranch dressing sales just beat ketchup for the 1st time in US history — Hidden Valley Ranch’s secret ingredient? Merge Research & Development… with Marketing.
Plus, Trader Joe’s just jacked up the price of bananas by 21% — Its first banana price increase in 24 years. And we thought bananas defied inflation…
$RDDT $CLX $AAPL
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