Morning Glory < 30 Seconds
September 30, 2020
Daily Deal—Take on debate is different; reflection of where we are in politics. People are at each other’s throats in a post-capitalism society that is trying to figure out what’s next other than fights over who wins government-generated liquidity in the system.
Our two big mistakes in capitalism not addressed in debate: too big to fail and suppression of minimum wage. Whine about a debate. We are lucky to not have our heads chopped off. The debate was cake. Eat it¹ or read Redneck Reverie and understand it.
Side Deal—First real date between TV and social media: Disney+ remote co-viewing option (GroupWatch), rolling out ahead of fall premieres. Unlike Netflix and Amazon Prime, Disney’s is not a web browser extension or limited to a laptop—available on all connected platforms where Disney+ can be viewed, on screens of all sizes. One plus: Up to seven viewers can dynamically cross-screen interact on what they are watching. Let’s see if they click.
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IPO Glow—Late Monday evening computer virus pioneer McAfee files for return to public markets. All about striking when the iron (market) is hot. Hedge fund who took them private is now taking them back public.
Jessica Alba’s The Honest Company is having banks do dog and pony show for IPO in 2021. Goldman is lead horse right now.
Entries—Greg Johnson has joined as partner the big Hollywood renegade agency of Range Media Partners, who all came together with exodus of top three talent agencies.
Johnson will focus on entrepreneurs and activists across the multimedia landscape. Top priority a focus on supporting world-class creatives overlooked by Hollywood’s traditional gatekeepers.
Peloton named Uber CIO Shobhana Ahluwalia as its CIO. Ahluwalia will lead the enterprise systems and surprisingly report to Peloton’s chief business officer, not to CEO. Never learn.
Exits—Easiest check Jamie Dimon of JPMorgan Chase will ever write: paying $920M to resolve precious metals and treasury securities market manipulation. Slammer time stared them down as probes by Department of Justice, Commodity Futures Trading Commission, and SEC showed a crime ring at trading desk. Red velvet cake is a favorite.
Citigroup suspended an IT employee who ran a prominent QAnon website. Jason Gelinas on paid leave after revealed he was operator of a popular site that hosted content about the conspiracy theory. Citi said it acted because he hadn’t received approval to run the site, from which he earned over $3,000 a month. By the way, I talked to a Q guy—stuff for another day.
Will see Tucker Max of Scribe this evening at Ray’s on the River, and my sister comes in from Chicago on Thursday so I will be back next Tuesday.
Upcoming events @ Porsche: