SmileDirectClub’s great pre-IPO (but bad IPO), Under Armour goes anti-athleisure, and General Electric is selling itself to survive

The Best One Yet

English - September 13, 2019 10:00 - 15 minutes - 14.6 MB - ★★★★★ - 8.5K ratings
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Previous Episode: California re-classifies Uber drivers, Wendy’s breakfast wars loss, and Monster Beverage’s Coke problem

Next Episode: Pepsi/Venmo’s “PepCoin” partnership, Walmart’s Grocery Club, and Voyage’s self-driving cars for old people

SmileDirectClub (uncreative ticker symbol, FYI) falls 28% on its IPO day, but we look at whether it was really a bad IPO when you look at the valuation. Under Armour is going anti-athleisure with its new strategy, but it’s actually copying Lululemon. And General Electric is selling $38B of itself to survive, which highlights its greatest disadvantage: Pensions.
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