35 Burst results for "Groupon"
"groupon" Discussed on MarketFoolery
"It's Wednesday June seventeenth welcome to market foolery. Chris sale with me today, the.
"We are going to start with some earnings. and honestly, this is one of those situations where you put earnings in air quotes. Because we're talking about groupon and the first quarter results. They actually weren't as bad as wall. Street was fearing. groupon still lost a lot of money and shares down about ten percent today. Yeah, it was not a great quarter for groupon. The shares the sales fell thirty five percent. Gross profit was down thirty four percent they laid off or furloughed about twenty seven hundred employees out of their sixty three hundred employees, and they also have a new CEO and coo left, so it's been a wild couple of months for your opponent hasn't been great. I'm glad you mentioned the management change because that was something I. SORTA noticed this morning when I was reading about this quarterly report and one of the statements was from interim CEO Aaron Cooper Aaron. Cooper's Bennett groupon for a decade or so, but I was like well. Wait a minute. What's the interim and yeah, as you mentioned a couple of months ago? The board basically said that the CEO the chief operating officer and the. Oh, yeah you. You're both Outta here. So. I'm not even sure where the silver lining is right now with group on because on top of everything else last week they executed the dreaded reverse stock split, and in this case it was a one for twenty. Stock splits so for those unfamiliar. Regular stock split is you sometimes companies will come out and say hit a two one split. If you own it for every one share you own your now going to have to, but of course the prices cut in half the reverse split is the opposite because they're trying to boost their stock price, and so they came out and said forever twenty shares you own. You'RE GONNA. Get One so I mean the management shake-up. The fact that Aaron Cooper has been there a decade and still has the interim tag on his CEO Title I. Don't Know Him, but I think it'd be a little miffed if that were the case. You have to wonder what the board is up to there. And then you know you and I were talking about this earlier today. Maria I. Mean this is we're in the middle of a pandemic. I think of group on I know. They have several business lines, but I think of them as more of like the experience company for a long time that's been their marketing like. Hey, go out and take a hot air balloon ride and we're going to get you a discount on that and that sort of thing and. Know again. It's not all of their business, but they are really taking a hit in this environment. Yeah, I think that the experiences is really where they get their bread and butter. That's what they're known for they are trying to look they break out their revenues in terms of their local and their travel revenue travel revenues less than ten percent local revenues, almost ninety one percent of that revenue, but a good chunk of local revenues experiences within that local space and so i. don't think that. That will bounce back anytime soon. I guess the only silver lining would be that as state start reopening, people and companies will be so desperate for anyone to come. have really good deals in the TRI news utilized. groupon and people will try to utilize it if they don't have. That steady income that they're used to, but it's still not a great outlook for groupon. It's a good point and I think that. One of the things they talk about active customer base. It'll be interesting to see if they're able to grow that in the next three to six months. I'm wondering if you think I mean. They have between North America where they have about twenty five million active customers and an international of of North America another sixteen million, so they got about forty forty, two million active customers. This is not a big company. The market cap is about seven hundred fifty million dollars. Do you think? Do. You think someone's going to swoop in and by group on just so they can get that active customer base, or do you think that there are still enough question marks that? That's not in the cards right now I. think it would be kind of a smart acquisition for some people to get you that bigger customer base, and for people to continue to implement deals. Everyone everyone. I love a good deal. I know a lot of people who have a good deal so having those options are pretty smart. If you're a big retailer or you want exposure into at a growing customer base of people who are generally live in cities, like deals like experiences I feel like it's pretty uh smart to grow that customer base if you need to.
Leadership Development at Groupon with Dr. Eliza Wicher
"I met our guest today at the Chief Learning Officer Exchange in Austin Texas earlier this year in fact it was the last business. I went to before sheltering in place. Cool event put on by the people at Iq now our guest has a PhD. In I o psychology and over a decade of experience in the real world doing talent management. Today she's the global head of talent development at groupon. Our guest is Dr Elisa. Witcher Liza welcome to the lead X. Leadership show much glad to be here now. I mentioned in the in the introduction that we met earlier this year At at a CEELO event where you're presenting your approach to leadership development at groupon and I was really blown away by that at a lot of levels so I'm just grateful that you're willing to come on and share some of your wisdom with us. Oh Yeah I'm so glad to be here It's been a really really refined so I'm happy to to share anything that maybe might be helpful to else out there now. I don't know if you're going to even remember this but I thought One of your very first for slides. It was so simple but sometimes the simple stuff so important it was called build great managers and there were like four step starting with setting expectations. Do you remember presenting that Walk us through that. Yeah absolutely you know really this was all about. I think as a lot of people in in my role or roles similar to mine you approach by either folks in the business or even a colleague in hr who a lot of times come to you with we need training on X Y and Z and it was pretty clear to us that we really have an opportunity to just continuously equip our managers to be great at managing their teams. Other reason for that. Is We have a lot of really young employees in the company. We've got a lot of first time. Managers do a lot of promoting from within and so recognizing as we know that this is just a really high impact group of people that if we can get them really good at managing their teams. That's going to lead to high engagement high-performance and really just kind of high performing teams that we need to do what we do. Really well So with that in mind you know. It's something that we all know. We need to just be really good at building that capability but getting back to your point about the four pieces. I think a lot of times. We hear these requests for the training piece right or the capability building piece but My perspective on this is you know it's always more than training People need to people need almost a whole ecology around adopting a new set of behavior. So you need an environment that sending you really consistent signals in a lot of ways about a ways that that you're expected to behave in just do your job so really what we tried to do was approached this With with four different pieces to the I is just clear expectations than I think. A Lotta people intuitively know what it means to manage a team pretty well like we all know got to do things like set clear. Goals give clear feedback. That kind of stuff but for a lot of our folks. We know that either. They don't know the full picture or maybe heard conflicting things in either case. We need to just get on the same page as a company. What exactly is it that we want our managers to be doing in the course of managing their teams so we set off with the set of expectations that we just called the group manager expectations. They're aligned to these higher level leader habits that we have but they're just a lot more day to day practical of. How do you just manage your team behavioral right so very very much the kind of thing you can you can see so? We paired that with some feedback and metrics we included in our employee survey a new section specifically on those manager expectation so managers are now getting that direct feedback from their team of how they're doing it meeting each of those expectations. So we set the expectation. We give clear feedback through that that survey as well as a few other mechanisms as well. The third piece of it is the capability building. So that's the training piece right and that's You know the the leader journey that we put together all of these different kind of programs and tools that we put out there. Managers the final piece of these. Four buckets is than accountability. And that's the thing that a lot of times you know. We know we send people to training but it's unclear they actually doing the things we want them to do back on the job so we wove into our performance review process that all of our people managers get a people management assessment that is factored into their overall performance evaluation. And there's a couple other accountability pieces as well but that's the big one so really just to summarize. We set clear. Expectations give people feedback on how they're doing against the expectations. We give them lots of opportunity to learn and build their capability and then finally we hold them accountable to really exhibiting those behaviors. Day to day now Elisa so much in there and you you summarized it so well and I just want a really for for our listeners. Because it sounds. I'm sure there's a lot of listeners. Might be thinking well of course. That's obvious. Why wouldn't you do it that approach? But as I talked to many Folks involved a leadership development every week. This is actually pretty rare. So what a concept I mean. The first is like the expectations in too often. There'll someone will say. Oh Yeah we have that leadership competency model but then the model doesn't tie to what they're being measured on the engagement survey and the engagement survey items aren't being trained on or even if you're setting the expectations measuring at training to it. The accountability pieces missing. Were when it comes to the you know. Y- performance reviews bonuses or whatever if your bonus for sales quota and not at all for people management. You know what you're going to care more about and so those are like the four cornerstones for I think any great Leadership Development Program. And then of course there's tons of variety in each because what might be a critical habit at groupon might not be as important somewhere else. It might have something else. Does that make sense absolutely absolutely and yeah? That's the thing I don't. I'm not really sure why why people wouldn't do more of the things outside the training piece for us. I mean we we really seek to keep things really simple. So none of this. Like Complex rocket science kind of stock. It's just you know just logical and trying to keep it really consistent so people are getting the same messages everywhere they look and they're getting those messages clearly they're getting them consistently and I think that's best way to really drive behavior change or a really learning something new So so yeah I think. We've we've seen some pretty good success with it in the sense that like everybody's on the same page and it's not just something you hear about in your workshop. It's something that you're hearing about in the pulse survey at Performance Review Time throughout all these other touch points.
7 Tools That Will Help Push Through Tough Times
"Super committed to your success online. We've worked with them. To a special offer just remarking school listeners. All you have to do is go to dream. Host DOT COM slash marking school to learn more and get your website online today. Welcome onto a another episode of marketing. School I'm Eric. Su and I'm tell- and today we are going to talk about seven tools that will help push you through the tough times so these tools specifically because we talked about a lot of different tools but we wanted to give you a couple options that we think will actually be helpful specific to right now so the first one is APP sumo so this is from our mutual friend Noah Kagan an APP sumo is. Let's say it's groupon for deal? It can be deals on courses. It could be deals on software but especially right. Now if you're looking to get started or you're looking to cut costs on your software APP. Sumo's a really good place because they're looking out for the small business entrepreneurs another one is Eric's click flow in his click voto. He has a content decay feature right now in marketing. You probably have less resources. So look at the pages that are decaying the most in focus on them. I with your Seo. Because if you folks on him I recover your traffic. The quickest which will hopefully impact your sales and help you generate some extra revenue. You can keep more employees all right number. Three is profit well profit while this is from Patrick Campbell and he had a subscription type business. It's a free tool that will allow you to see how your business is doing in terms of revenue growth churn rates and all that good stuff around SAS absolutely free to use probably dot com. Another one is said Fox so send Fox is a Email marketing tool. It's not one hundred percent free but it's quite a bit generous compared to some other tools out there check it out. It's up and coming. It's funny enough by the guys who also created APP Simao. It's worth checking out because it will help you reduce your email. Marketing costs in the short run. All right number HIVE IS UBER SUGGESTS SO LUBERS. I mean obviously free. Seo toll from Neil. He's been working on for years and years. We talk about it a lot on this podcast and I think Neil you've offered a free deal the people right now as wall right yeah. I'm giving away more for free. So a less people have to pay just so it helps them out during these hard times number six rescue time. You probably don't have all the time and energy in the world to get stuff done especially now with less resources. Rescue time helps you optimize each and every single minute of your day so that you can get more out of it. You'll need less staff to get similar results. Check it out. It's a really good product for individuals or teams to figure out how to get the most out of Helps you with your time management without really having to do much all right number seven last but not least so actually I was gonNA say Zoom but a lot of people are already using zoom so I think they went from ten million daily active users to two hundred billion something like that or I think the release something yesterday which is crazy right but instead of things zoom. I'm going to say loom. That's Elo and loom allows you to basically create screen casts really quickly so I want to explain something to my team. I just make loom real quickly and it just makes things move a lot faster right communications. Great obviously you combining
Groupon furloughs sales staff amid coronavirus pandemic
"What ten Groupon is following parts of its sales and sales operations teams as a result of the pandemic Groupon CEO was ousted last month after a week for a quarter fourth quarter the interim CEO announced the cuts in an email said he expects to extend the furloughs and layoffs of employees company is releasing how many people were furloughed or laid
Groupon axes CEO and COO as company looks to mount a recovery during a crisis
"Before we get into the mailbag. Let's talk about groupon because shares of groupon are up ten percent on the news that rich Williams who's the CEO and Steve Krizner. Who's the chief operating officer are leaving immediately? Yeah and we don't really have a lot of other details other than groupon is saying both remain employed by the company. There's no comment from groupon at this point on the reason for the changes. I'm I've never been more interested in groupon I mean the the CEO and the CEO are walking out the door or are leaving those jobs immediately and the stock goes up ten percent. Well I mean you can certainly make the argument that they weren't really getting the job done right. I mean if you look at groupon usually just the fundamentals of the business. I mean we've talked about groupon ever since they went public in. What was it alphabet offered? Was it around. Three billion was it six billion dollars that they that they offered groupon back in the day. It was some unusual things I when we when we look at the state of groupon. Now I mean clearly in hindsight they should have taken that deal Because I'm Nina. Revenue is is is winding down right. I mean we're revenue growth is non-existent. It's it's It's not a profitable company. I mean there's a company that's facing a lot of challenges and so I don't really know why Management Lee's I'm sure this is probably a bit of a response do just to the greater market reaction. We've had over here Over the past several days in you know we've seen this play out before with other companies I mean. Jc Penney obviously has gone through a lot of leadership changes. And we've seen when former leader step down in new leader step in. I mean there is some enthusiasm because maybe there's a light at the end of the tunnel there I I don't know in case that's really something. Investors should expect. I do think it's really fascinating to look at so so the Aaron Cooper is going to step in as the interim CEO while the company ultimately looks for a permanency. Yoda's possible that Mr Cooper gets that job at the end of the day. But it you know he. He was awarded in. He's going to receive an award of four million restricted restricted share units For this enemy vests over over time. It four million restricted share unit. Sounds like a lot but but then you look at we're groupon stock is today at just under a dollar and well. Maybe that doesn't look is is great as it sounds On paper and I mean he's going to obviously get a salary and bonus In in an extremely challenging role in trying to figure out this company's place in our world because I think before there was maybe at least the argument the groupon possesses some brand equity that maybe a bigger network out there could exploit and benefit from. I'm not so sure that's really even the case now And so I you know I mean a market pop today. Notwithstanding not sure this really should should Make you feel any better about either owning shares or potentially owning shares. But but you know hey listen if you could certainly be wrong. I mean Mr Cooper could have a plan in place in you know. Bring MORE VALUE TO THE
"groupon" Discussed on Newsradio 830 WCCO
"Feature you're going Groupon by by I don't buy anything stuff for your walls you bye kind of trying to be like them the next try to be like an Amazon some people think that just because you pay less with Groupon you're getting less and that's crazy you can get everything you see here on Groupon and look good so why is group on life support why is Groupon on life support Groupon CEO says the company has to go through a profound change Groupon says are gonna stop Celine goods and return to focusing on experiences the Groupon stock suffered its biggest one day decline since going public in twenty eleven forty two percent plunge forty two percent plunge worst one day decline since going public in twenty eleven market watchers talking about Groupon and says you know what they need to deal they need to merge and they offer up a company to merge with yep they should they should die team up with yelp Groupon started as as a place for experiences right yeah okay Hey we are we offer you a ten Bucks off here at this restaurant is not great for restaurants either but people were here and so it's like well if we get people again that's that's better than not getting people in and now you can get concerts on their end and at least my experience with it I've found that in the end it's not really a great deal but as always when it seems like a great deal when it's viewed as what appears to be a great deal we buy and you know I think about my pillows I'm going I'm going to quote unquote deal two for one two for one you buy this one for a hundred Bucks you get the second one free the bills just fifty Bucks right the the the you know when it's two for one the entire time it's basically the pillows fifty Bucks but when it's marketed as two for one we want in we want in best deal ever two for one get a great deal here because as consumers we want to feel like we're always getting a great deal cell it's how you present it and with Groupon I signed up I got the app actually I've actually bought a suit I've Group One how do you do that sixty Bucks new is my size said it was extreme slim fit and I thought I don't have a color like that it's teal I never seen until one of Mike sixty boxes okay in a but I wanted to get it tailored and let's just go for and that there be a day I could return it so I bought it they worked is worth it good deal you still have it yeah I haven't seen you wear it I don't know the full suit we are just wear the jacket for the jacket that's it oh come on where the whole suit sure they'll say yes you should tomorrow so we're tomorrow yes all right top of the what he would do to a black shoes with that he got some special deal shoes black shoes then you know you get a top that McCain go other I haven't yet maybe a a bolo tie couldn't hurt maybe I will I gotta figure out shoes because it's cold tonight that's the thing is I like wearing that's warming up for tomorrow forty degrees tomorrow I was so yeah I've I've done that I've you know I've bought in Cologne off there because you feel like you're getting a better deal and really or not but consumers like to feel like they they're getting a deal that's that's what it's all about he news this is a story made up by the media is a these are.
A Good Day for Garmin
"A good day for Garmin shares of garment up more than seven percent on earnings at the time of our taping this stock hitting a twelve year high now garment all about. Gps technology. Bill back in the day. I thought of Garmon as basically your car. Divisor your boat or somebody's boat. Not our boat characterized as much more of a fitness device maker. What do you make of garment? Well so when you think about Garmon you really have thought of it. As being auto abode. Gps Avionics they really are becoming more and more of fitness company Thirty four percent growth their fitness in their fitness division the firing on all cylinders except for auto which is which is dropping and becoming a smaller and smaller part of the business. So really really doing. Well I'm having a good chuckle right now because I when I was prepping the story I had the opposite read as you might think of garment as just as a fitness tracker comedy no auto and Marine and aviation devices. Do that's hilarious? So that's a generational. Divide there but I agree. I think Garmin hasn't really great mark. It's been great for them. I would just caveat all of this you know. Great earnings revenues nearly at four billion dollars. So it's a big company than you might assume I will just say it's a naturally lumpy business. We we see a lot of excitement over new devices and new products especially fitness category. So really good gear really good quarter for fitness devices for Garmin. There's no reason to think that will stop. But there's also no reason to assume that it will continue forever.
Groupon Stock Slumps
"On the markets groupon stock tumbled twenty four percent in late trading Tuesday after the coupon APP said it's getting out of the retail business and focusing more on offering experiences here to explain. Why is our Quentin web? Well groupon positions this as a transformational move effectively. It's trying to focus in on what it thinks is its core business which is local experiences and it complains that the sort of e commerce market is very saturated in competitive. So it's not really an area where it can kind of be a strong competitor. It looks like though investors are taking this pretty badly in the stock fell almost a quarter. Roughly a quarter in after hours trading on Tuesday groupon has struggled fears affect screen is worth a fraction of what it was when it first went public In twenty eleven and this latest sort of strategic shift doesn't seem to be well received the Wall Street Journal's Quinton Web and here's what else were watching today the Federal Reserve releases minutes from its January. Twenty Eighth Twenty Ninth Policy Meeting. They could help explain how the Fed is thinking about potential. Economic risks including those stemming from the corona virus will get government reports on new home construction and producer prices. Both from the month of January
Vestiaire and Depop on the Rise of the Resale Economy
"We invited Max Bittner. Ceo of vascular collective and Marya RAGAS COPD pop to the voices twenty nine teen stage to speak with B. O. F. Sustainability correspondent. Sarah Kent about the rise of the resale economy. Neither you come from a fashion industry background so I wanted to stop by having both of you talk through way you come from and what drew you to this opportunity and Maria if you would like to kick off sure so late Hayden I also have to accept that I come from. The math made consulting World and I did that for about five years and then I jumped into the world Started at groupon. I did that for about five years. And then I I discovered depot actually before being part of the team Because I was looking for some vintage clothes and I was talking about the fact that he was a mobile first platform which five years ago. It was not that obvious Many companies wear addresses from web into mobile and so the fact that he was mobile. I the fact that they were using social media very smart way to build community to to a very very organic way I was redirected by it. So that's why he joined a Max. You had very strong equalness background but not in fashion. So why make the jump into this industry so I previously built a company called Lozada in Southeast Asia which was ECOMMERCE general merchandise? We are actually terribly bad at fashion and was one of my obsession for a long time and I really failed miserably. Added and after selling the company TATY BABA. I was looking for opportunities moving back to Europe. In vecchio opportunity came out of nowhere after I didn't know the company understood the concept of retail. But I've been in such a tunnel for the last seven eight years that I didn't have time to digest it but what fascinated me when I looked at the business in kind of engaged with with Moore was the incredible emotional connection between the buyers and the sellers and the products in the brands and the engagement with the platform and coming from Asia. This whole concept of community social engagement is is such a big part of ECOMMERCE and I felt that you know. Of course you have pioneers like the pope driving that in Europe but the rest of the environment was still heavily Amazon Dogma ties about a surge after card filters efficiently as possible. You know the emotional connection of of you know not much so I felt this was an incredibly exciting but and you know living in a world where we all ask ourselves what to do. It seemed like an amazing opportunity to actually run a business. Which core kind of fundamental is built on sustainability is built on on circularity? So you know I looked at what the business was good at and I think the stairs and amazing fashion. Dna A great brand amazing supply and a look at what could be improved with my background on Scaling and Tech Company and I felt the combination was an amazing one. Utah Utah Johnson. Very topical points this Stain Ability. The power of community all of which kind of encapsulated in recall. Mus Is it that that's helping to drive this market now. All Maria water. What is driving the growth? We're seeing and resell the moment So I think there's there's three things that are driving. Industry one is definitely a consumer behavior change towards Secondhand again five years ago it was hard to to believe that there was gonna be in a way you think about the next generation more than fifty percent are already buying secondhand or concealing to Isaac and hunting the near future so this is something that five years ago it was really hard to to conceive. the second thing is the fact that sicken sick and heights more accessible and so our consumer supressive by default so allowing people to buy high quality items at a lower price is definitely something very attractive for consumers and lastly the proliferation of all impact from slightly Bob and respective it's allowing a basic concentration of inventory at digitally military that allows consumers to have more choice in the case of of depot. I think the driver has been more and driven by our core audience so ninety percents of our users are under the age of twenty six. So they're very young and they are looking for for ways to socialize. That are different to the ones of all of the generation so again The promoted social media. Because that's their mobile natives. And they they do that. Also for fashion dates so for us will go a community. You see that the fact that the pope is social platform social marketplace. It has basically make the business to grow faster and getting Organic Way. And then secondly the second thing that our audience wants is to make money and so we are able to provide a platform that makes it very easy for them to sell those items and to make money as a result so as a consequence you you have very vibrant community are very engaged users that are super passionate about fashion and they are actually in the day making secondhand cool which again contributes to making the resale platform. I mean the the research will go faster. And that's that's the has a slightly different beast as a luxury product. It's more it's an older consumer. Is it the same drivers the flight northing happy? You remembered all the statistics because keeps forgetting them but to add to that. I think there's one or two points which are allowing us as a business to thrive. I think the first one is that that from the outside the fashion industry in some sort of way mirrors. What's happening in society? Where you know. The rich get richer and the luxury players are chasing them up. The stairs might use the example of being also consultant in the past. Having to buy suits choice back then was buying Hugo boss suits. I'm German so that's what I have to wear as a German and buying food which I couldn't afford the time in at the time is any suit would cost like eight hundred fifty euros nine euros now. Sued cost two thousand five hundred euros and on the bottom end. You know you have the parts of side which are struggling and fast fashion becoming cheaper and cheaper to to serve those needs and you have this forgotten middle class. You know which in the past could afford I suit is bag a nice night in a in a nice hotel but a lot of that has become out of reach because the industry defines itself by becoming more and more exclusive and you know being some sort of a hard to reach and so I think the opportunity frosties is absolutely to defend ourselves and make a lot of these beautiful products accessible in some sort of way in finding the right owner for the right product and the right time in their life cycle. So I think that's two points and I'm sure you'll both happily talk about how great this market is and the opportunities there for the next fifteen minutes. Let's talk a little bit about the challenges as well on the luxury side. Everyone will be aware of the criticisms leveled against the Rio recently in terms of the problems with their authentication problem. Max with Vesti Eras. Call capacitor in the space. How damaging are those allegations the credibility of the entire luxury resale market? And how big a challenge is authentication. You know I'm I'm not going to hide behind. This was my competitor. You know I think you will find the same criticism against this year am out there. I think we do a lot to improve every single day and you know we face our challenges being fast growing company to to scale of every process that we make as much as we can so so. We're not perfect. We try to perfect. We try to improve every day. I think the the two three things to that I really want to point out is Frost at our cores is the trust in our community and the trust that community gifts to each other and towards us and if things in that in these processes breakdown You know we really see all as a platform to step in and say okay something wrong. We'll take care of it in. The consumers need to reach out to us and we will fix it and we tried to learn from every one of these mistakes every single time they happen and I think the second one is that we have this community. We have people we trust. These people have a history on us and I think it's our job as a platform in the future to make that history much more transparent and and you know bring people together and but let's not distract from the things that we do well. I think it's very easy for for new business models like ours who go like the speed that we do to point out the small things which go wrong you know. I would love people to really focus on on the good we bring. I think we are fundamentally at Harvard business. Which does something about sustainability and circularity? And that's a lot more than you know. Trucking in forty trees to fashion show in saying
Former top Outcome Health executives plead not guilty to alleged $1 billion fraud charges
"You've covered a lot of incredible stories in twenty nineteen I think there are a few that you want to go over yeah so you know every year we've been at Chicago in a for almost six years now and kind of like to take a look at the end of every year about you know the biggest stories the biggest headlines of the year and just as a way to kind of wrap up what that the years been like for Chicago's Tekken start up companies and you know for the last three years the biggest story in town has kind of been a big negative story story outcome health in this is this is that this text art up that back in twenty seventeen raised up almost five hundred million dollars in venture funding in valued at five billion dollars it was the most valuable tech start up in the city of Chicago and then was it rock how is it funded so this was funded through investor so alphabet at the parent company of Google was a big funder of theirs Goldman Sachs prescriber venture capital a lots of kind of top investors and both in Chicago and nationally kind of backed the start up and so really outcome health kind of sprung to be you know the most promising tech start up in Chicago and so cut to a story that dropped in the Wall Street journal back in twenty seventeen which basically found that you know the as this company was delivering we're not really being delivered as they were being sold by the company so basically what outcome health is able to do is it offers these digital screens that sort of live with and doctors offices so there within the exam room there in the lobby and these ads are largely pharmaceutical companies the so basically what happened was they were not delivering the ads appropriately based on what they were advertising to their clients of the pharmaceutical ads we're not really being delivered in the numbers that the the outcome said that they were delivering so basically they were kind of fudging the numbers that back to the clients and they were also fudging their own revenue number so they were all allegedly lying about the amount of revenue they were generating in order to a race about half a billion dollars in equity funding so this is a story that has really been going on for years the founders were indicted for fraud and just at the end of this year so this is wire fraud bank fraud and they have played not a not guilty so we're going to go to trial here they're facing up to thirty years if convicted so really what happened here is we went from Chicago's next greatest start up story two founders indicted for fraud potentially looking at decades in prison wow so this company was like a shining star in Chicago's Tekken NO sector and basically they're fraudulent it was a lot of money exactly and so you had a claim it looks at really close to a billion dollars both in half billion debt funny that they were able to raise kind of based on you know cooking the books here so it's a really interesting story and you know kind of a a black mark on Chicago's second start up scene you know this the success stories the Chicago looks out over the last ten or so years of the haven't been a ton of them you look at stories like Groupon for example which is supposed to be this next great Chicago tech start up a you know it went public in his stock has just sort of tanked ever since it has never really been the kind of outcome people were
3 Spending Habits That Are Setting You up for Failure by Kumiko of The Budget Mom on How To Be Mindful with Money
"Three spending habits that are setting you up for failure by Camillo of the budget. Mom Dot Com. There's always a reason why we save too little and have too much debt. People lose their jobs. The economy takes nosedive and getting a raise is almost impossible. Aw what people don't realize is that we are often our own worst enemy. When it comes to our financial circumstances everyone is guilty of the occasional spending slip up and sometimes it's hard to recognize that it's happening more than we'd like to admit here are three spending habits that will not only kill your budget but will also set you up to fail financially one spending money. Because you are bored. I like to call this Zombie spending most of the time. You don't even realize you're doing it. It's so easy to head to the mall. Go out to eat or spend and some time browsing your favorite online store where you almost always get sucked into buying things you don't need. Everything becomes a distraction to fill our time. When we don't have anything better to do. Believe me I know Zombie shopping all too well. One of the biggest challenges I faced was online shopping. It's so easy to be laying in bed checking your facebook and get scammed into checking the email you just received from your favorite online store with a message. Flash sale everything thirty percent off the result. Is You end up having ten things delivered to your front door that you don't need and a huge credit card bill to match the number one thing that helped me kick the Zombie. Shopping habit was to unsubscribe from all the stores emails. The easiest thing you can do who is to stop the temptation sites like groupon and apps like Bata are great but not if they are making you spend money. You don't have look for other ways to distract yourself. Try Try picking up a new hobby that you can do from home or join a book club after discovering my love for hiking. I feel more rewarded from day of exploring the outdoors than I did from spending out of Habit Abbott to spending money. You don't have this. Spending habit comes in many different forms. Your tax return an unexpected bonus or raise or even self employment employment income can all fall into the category of money that you might not have these. Things are not guaranteed income yet. People depend on them. People already plan out what they're going to spend this money beyond without knowing if they will actually receive it. Have you ever thought to yourself. I will use my tax refund to buy that. This is the perfect example of spending money. You don't have. Maybe maybe you put the purchase on your credit card thinking you've paid off with your tax return only to find out that you actually owed the irs. Now you have a credit card balance with no way of paying it off the same is true with work bonuses. The best thing you can do is not think of this. Money has guaranteed income. You should also never include work bonuses or an estimated tax refund in in your budget that way if you never receive it you are not so deep in debt hole that you can't climb out of it instead if and when you receive this type of money use it to reach your financial goals of paying off debt or increasing. Your savings credit card debt is another great example of spending money. You don't have the most appealing thing about credit. Cards is the ability to pay later for items items that you can receive now. The biggest mistake is using credit to purchase ordinary things like gas or groceries. You can't rely on credit cards if you don't have them with you. Oh I went almost a full year without any credit cards in my wallet. It's okay to have a credit card but it's not okay to have a credit card that you are constantly using because you don't have the cash to pay for things rely only on your income and never spend more money than you make if you decide to use your credit card to make a purchase. Make sure you can pay it off in full every month month to avoid interest and three spending to impress quote. We spend money that we do not have on things. We do not need to impress. People who do not care will Smith. It's easy not to care about impressing people whose opinions you don't care about but it seems like life or death when you want to impress someone who you do care about. Maybe it's a friend someone you WANNA meet a CO worker or family. Whoever it might be. Let me be the one to tell you that spending money. You don't have to impress someone. Someone is not worth it. The funniest thing about these situations is that the person you want to impress his probably so busy trying to impress you that they don't even notice all all the things you bought to impress them. A generous heart kindness. Hard Work Dedication and true intentions are far more likely to impress someone than possessions. Focus focus on who you really are and you won't have to spend a dime to impress someone. Stop comparing yourself to others and learn to appreciate what you already have
The Latest: Israel AG: Netanyahu indictment ‘heavy-hearted’
"Israel's prime minister Benjamin Netanyahu has been charged in the series of corruption cases by the country's Attorney General throwing the country's paralyzed political system into further disarray and threatening the long time he does Groupon power capping a three year investigation a tiny general at the time and open its charge that's in Yahoo with fraud breach of trust and accepting bribes in three different scandals it is the first time a sitting Israeli prime minister has been charged with a crime according to the indictment Netanyahu accepted hundreds of thousands of dollars of champagne and cigars from BDNF friends offered to trade favors with the newspaper publisher and used his influence to help a wealthy telecom magnets in exchange for favorable coverage on a popular needs sites Netanyahu has denied any wrongdoing and said he is the victim of a witch hunts I'm Karen Thomas
"groupon" Discussed on Pro Rata
"CEO's versus consumers and Airbnb he makes a major announcement but first Andrew Mason's second act so enter Mason might not be a household name anymore but he was earlier this decade by founding and and Leading Group on a onetime Internet phenomenon that later became a commodified coupon site falling from around fifteen billion dollar market cap to just a billion and a half Mason Mason himself got fired back in two thousand thirteen after which he released an album of motivational music and then created an audio tour guide APP called Detour which was later acquired by bose but Erasun didn't join bose instead he spun out a small podcasting business from detour and called the script the basic idea is to make podcast creation easier not only the taping part but also the editing part basically using Google speech to transcribe the content and then apply time tested word processing techniques in other words you can basically read taped on your podcast and then highlight delete and copy and paste just like you would in a text document. Oh and you can also add words words you you didn't say and that's the most interesting and controversial part it's a feature called overdubbed which lets you add words and phrases in your own voice and the your own voice this part is key because it would preclude you for making audio deep fakes on the descript platform but obviously there are lots of concerns the technology could be hacked thus unleashing leashes world in which people are heard saying things they never said in fifteen seconds we'll go deeper with the script founder and CEO Andrew Mason but first this the Equity Fund resources his group at Bridge.
Everything You Wanted to Know About Your Vagina With Dr. Sherry Ross
"We are talking about. Vaginas who needed every topic last topic Yeah Virginia's vaginal health all of the stuff that nobody wants to talk about or really does but that's what we do here in love it love it. I think everyone does WanNa. Talk talk about it. No one wants to be the first. Why do you think as an over you and why do you think talking about magical health or reproductive health is so taboo yeah you know. I think it's just cultural I mean women are not trained and learned how to even say the word Vagina we all have code code words forty percent of women the JJ puddle of love Harry Potter Tunnel of love either the call yours Vagina Vaj Vagina jeans I think I think it's important that we have the conversation because then we can start talking about it yeah. I don't think I was ever taught lake a nickname for it like a good thing. Let's let's a good I've never really been afraid of Jonah's or saying it my mom's also an Obgyn so we had like photos of like the insides of her like surgeries all over the house just so I was like oh great. There's the inside that's good yeah so that's how that's how it should be. I think we all have to start owning it talking about it and racing it loving it and then we can really talk about the issues surrounding it right but she told me her mom. My grandma would never let her talk about it when she was younger would never you couldn't talk about your period. It's you know UN- Taboo. It's taboo you just threat so. I'm glad we're here today yeah. How did you become passionate about this. You know I love talking to women. I really feel like when women come to the office and they put their legs in stirrups. The conversation really begins. You know it just pours out and you're very vulnerable. Who are you know I think I think women are dying to talk about some of the issues surrounding Regina and they just want that comfortable space and on a mission somewhat of a Vagina Revolution solution to continue this conversation and dialogue because because women really do want to know more. What is the most common question people feel kind of uncomfortable to ask but they get it out there? I think definitely is surrounding cleaning the vagina. Yeah you know because we're SORTA taught that you don't clean the vagina because it self cleaning and I think it's really confusing. It's such a confusing topic topic. So is it self-cleaning well. You know here's the thing that's what we hear and read about. The giant is complicated right. We know it's complicated did and I like to think about an analogy about the vagina and self cleaning because we think about your home oven being self cleaning right you still have to clean gene the stove top right and that's when we were looking at the vagina because the inside of the vagina is has tons of healthy bacteria and it does clean itself is have tears takes care of it similar to the inside of the giant at the outside the vulva that is another area of the term term Jonah and the entrance to the vagina these are areas that have to be clean because they're exposed to sweat and bacteria especially from the rectum blood from our period area right so it's messy and dirty and this is why we have to clean the outside of the vagina and preferably you know with Vagina. A friendly vagina made specific products right so is there something that like can can you affect how clean or dirty it is is based on what you eat not dirty work but like you eased already ring. Definitely I mean we sort of talk about about what does the vagina taste like right and this is directly related to our diet because if you think about it and I don't know if you've ever wondered wondered what I taste like. Have you ever done the test and stick your finger inside down your personal thought of that. What's collusion you gotta you gotTa wonder because there is a footprint right. There's a vaginal footprint. We all have and just like anything what we eat eight in our diet what we drink we smoke all ends up in our body fluids in our bureau in our vaginal taste and a male as well so when you think about your market list and what should be at the top you know we think about pineapple and Kiwi the and blueberries and mangoes and cucumbers and Lemons and good probiotics that actually make the vagina smell and taste good. I've heard of something called Kito crotch which Yes yes. That's okay so tell us what that is. Well see I I believe Kito crotch exists because if I'm telling you what should be in your fruit salad right then for the same reason when you eat a lot of meats beats high-protein your breath has a special acetone smell well guess what so can your vagina and I believe that ought is just true all across the board so the bad list of foods that can make the smell not so good and taste not so good are going to a lot of spices and onions and garlic and you know curry and and to Merak sorry I'll you bone people that use it bone aches but also the ABC vegetables like asparagus how it makes your urine smell. Okay people say this but I've never noticed it and I eat a lot of asparagus so maybe it's become come just so common should go in with a girlfriend letter smelly but also broadly scientists study the control group. Yo you know asparagus Broccoli and cabbage and cauliflower. These are the typical vegetables that can cause odors so you sort of have the good lists and bad list right the Christopher's vegetables. It's so funny I remember my counselor in camp. I was way too young for her to be telling me this but you should be eating like for like mangoes and Pineapples for your for your vagina to taste is nine eighteen seventeen sexually active and teaching me my prepubescent so she was very forward-looking. Thank you still remember it. So that's you know so what are some common issues that people come to you with and how do they fix them. Yeah well that it. Everybody's got an itchy vagina at some point right and people always equate an itch to yeast infection and oftentimes you know the skin of the vagina can become very dehydrated right if you if you think about sort of the skin in this very sensitive area area. It's always important to take care of it like our face. If we took care of our vagina like we do our face we clean it. We hydrate it. moisturizes it so this is ways to prevent sort of dehydration and sort of aging of skin but the ITCH is very common for women and there are a lot of feminine eminent hygiene rituals and products that we use on our vagina that outside the Vulva are era. I'm talking about that can be very irritating and it can be you know soaps. That aren't vaginas specific. Maybe too much fragrance or the bubble baths or you know you're wearing pads because you get an extra discharge. You want to catch our soil cycling things like that can cause tissue to become very dehydrated and very itchy so that's something that's not always related to to an infection and it could just be. Hey better have a better feminine hygiene ritual that can make the skin moisturizing. You never thought about moisturizing my vagina. Neither and it's interesting because the skin is like thin right fichus in your it's also not sun-exposed hopefully we'll. You never think it's doesn't look California. They do you know it's it's really true. Though I'm I am a huge fan of moisturizing the Jonah and the best way to do it is getting extra virgin coconut oil and you take a handful and warm water and you so can if you do it for twenty minutes three or four times a week. You're going to have the softest skin and vagina in town because it's trump's in the water and it's very moisturizing so oh it's all about how can we take care of the vagina in the same way we do our face and use special products that are very specific for the vagina an and that's why. I'm a huge fan of summers. Even I've been using and talking about I use it personally but I've been talking about it for years to my patients because you you have to protect the vagina use specific products that have been dermatological tested on skin tested by the gynecologist. You know that don't have horrible dies and parabens in it and just are very safe and Ph balanced and the vagina very temperamental right. It's complicated and temperamental all two different. Ph balanced changes so why not use a product that is just for the vagina and it's just the perfect partner. So what do you what do you you use or what do you recommend people use well. I as I said I love the summer's. Eve intimate wash washes that they have they. They have great soft gentle fragrances that are hell easy gentle on the on the outside of the vagina use it every day sometimes twice if I'm workout got it night and it just I just have no problem and then I- moisturised with other products that that helped the skin so this may be tim I but my vagina has is no problems much great not team I in this but it's this is important. I I love that. We're talking about it because women need to not oppy filled with any embarrassment or shame. You need to wash your vagina the outside and the entrance every day. Let's be clear. Let's talk about some of the misunderstandings that a lot of women are having. I've a question about when it comes to hair removal so obviously like a lot of women want to either wax or they'll get Eliezer or something shave. Which of those do you think is best or worst and I've ever see encounter product problems from any of those things will well absolutely and it's a great question and I think this is where you know the skin of the Vagina Labia on the outside of the Volvo s were calling it now you you know when you remove it. When you shave it. It's going to be comeback thicker just like it would on our legs and there's a lot more chance of having ingrown hair when you shave. I've whack seeing tends to be less but you still can get ingrown hairs and might after Loofah and then honestly lasers probably the best us even though it's not always as you know cost friendly for patients but it definitely always work well. It doesn't work out like that long so you certainly yeah. It's not complete but again. If you're you have to make sure the vagina the Volvo area's cleaned loofah and moisturizing is very very helpful but also it can dry the skin out talking about dehydration. You know it can shaving is very hard on the skin. It can make the a skin very dry. Yes definitely there's no like worry about Lee Putting Eliezer near your reproductive organ. I always know the laser zor is just on the skin. It doesn't have any harmful effects on the ovary. Your eggs are safe and it doesn't have any issues. Choose their and of course you know. I always like to go to a medical doctor for laser. Don't go down the street to a pop up kind of place that it does good advice honestly because there's so many things you can get groupon for leasing all know groupon. Maybe getting a good price but it's probably not gonna work because really the the better. Our quality lasers are often more expensive and oftentimes you know sort of physicians are going to be more likely to be using the best quality
"groupon" Discussed on Q95
"Everything about love would be yeah okay what we do have a small number to be a woman yeah not just rich super it job okay on a first date I always use a Groupon just to see how my day will react not a bad strategy to gauge someone's personality okay a guy it say's laying on the guy yeah everybody should start a relationship when I lines I think it's a great idea no but I mean I think it's not a bad idea a logical experiment good luck hello just to see if there after after his money you don't want that I don't see how this is a big deal either way and yeah Hey have fun well yeah right user group on what's the difference because first date group just go to dinner and don't well I believe the chair back a step Hey listen push it is just because I've got a private jet doesn't mean you get the shrimp cocktail I don't think that that comes out the first date either I don't think you're not that you're not you're not doing anything wrong or anything wrong a lot of times those Groupon's or super fun right would you like the group plans for would you look at a first date go I'm sure you wanna would you say that I would not all right well you just to see what they do yeah this is this if you could decide electric city you could go off in all customer directly on the first did you go out you might want to double up on the butter when you bring her the bread drink their jungles assaulting your day that's what I'm saying you would just see how they would react what's the difference between that and use of the group a double Scotch and I'm sure you'll have the root beer float this guy has water to just like a Klay I'm right mayor did you fart I'm just saying never first agent all of the time or in the testing interpersonal what they'll do what do you think that honey well the cheese and I'm in a light the next one yeah keep doing it why not I go to them and get a costume and where it says you see what bill that's gonna be hard when you're super rich you're looking for long term how obvious it is your super it's two of his dripping in like a Louis Vuitton being honest this guy or girl who is that guy it's a guy he told us everything we need to know about him with his first sentence but on the server if you want to brag selling as I like this guy with what's your name Josh Josh I'm with all that I was going to take you on dates that I don't know grace that decided prince Andrew sorry trampoline park I think it's hard to date when people expect something out of someone when they're not eight upper yeah because the rich okay next letter please dear Allie my boyfriend is divorced with two kids we get the kids every other weekend and when they have activities there mom also pounds so we see her almost every day that we have yeah then if we have a dinner or something celebratory after it she's always invited wow well come to say goodbye that's the way it is Babe yeah it's a fair to complain that this is too much or should I just stay quiet and I to keep your mouth shut that's the way it is kids first or mention it as you're leaving yeah or either way I have lived as you're walking out with your stuff yeah and another thing I never like spending all that time with I I've lived this life this is just part of the deal yeah I just the way it is I'd imagine it's a modern situation and that a lot of people are part of sure yeah absolutely and that better that everyone gets along the better everyone is in the don't do what we recommended in the previous letter what's that well I'm sure she'll have more butter yeah you don't need to be passive aggressive don't be catty with yeah right yeah I'd better in this than the last situation I'd rather be catty with an axe thing caddy with the potential rich zero no if you ever have you ever dated someone that made it very clear right from the beginning that they were doing okay financially when they either were or weren't they were trying to impress you with that yeah you have yeah well meaning your as more of a place than any place where people need to drop that kind of stuff it's really a fact that's a turn in it what what did they do what they say basically just dropping schools the people went zero their whole lake group of people work friends and stuff and I summer in the half hearted and yeah my god I wore the rice Alexis I've never had a guy give you a business card told so that it lets you know what he does Cristiano gels now no I've never do that hello did you ever do you have a business card yeah really yeah you your guide for I see if I can get one of those as can take myself.
"groupon" Discussed on Mixergy
"To you directly from Chile. I flew over here to do interviews with entrepreneurs because I don't feel like I've got a sense of what entrepeneurship especially big player. Entrepreneurship is like outside of the US, and frankly as I look around. I noticed that most people most of the media, most podcasters. Don't do it. And it's because we've been a little bit lazy. We're staying home. We're getting comfortable when our environment, frankly, live in San Francisco, dude, I gotta tell you, I go to my kid's birthday parties. It is the best frigging networking. You could do if you care about starves forget about going to meet ups, forget about going, go to the kid parties because the adult out of their mind board, they're all working on incredible companies. They've got stock they've got inside information, and they're so bored that they love to talk about what's going on. You get such deep insight into what's going on. It's great. But it can make you a little lazy. You should bring your kids to birthday parties with me. Forget, if you're ever in San Francisco, don't say, Andrew, we have scotch say, Andrew, can I come to a five year old birthday party with you? Let your kids play and then just talked anyway. Great to gone. We've gotten a little bit lazy. I came here because I want to do interviews with travailleurs because I don't wanna be, I'm not lazy. I work hard. I wanna understand exactly what's going on here. And so one of the people that I've heard a lot about is guy who in some ways, competed with groupon created this deal site. Groupon built a business came over here in Latin America. I remember when they got to Latin America was living in Argentina. I suddenly go and explore the country and get to know what's going on because I get these deals and then they closed up, did they close up and they just sold the Latin America area. Meanwhile, the guy was sitting next me, he's got a big smile on his face, because I don't think he knows how to react like, comparing to group on copied, why we're spending so much time talking about someone else. Here's why. Because you're still standing you're doing great. I feel like there's a part of you distinct. I just so much better engine don't, you know, the next business? Gonna kick as right. But this one's doing well, and so I wanted to find out how he did it, and I wanna find out about the new business. His name is Christian. Or real, as we say America, he is the founder, the co founder of kupuna dick, it's an e commerce marketplace offers different daily deals on products services and getaways. And I want to find out how we built up that business wise..
Lyft Going Public: The Dual-Class Share Dilemma
"Lift the company is busy filing all kinds of papers. And as part of that they announced that they are planning to issue to kinds of common stock class. An Cosby Matt LeVine is a columnist at Bloomberg opinion off of my worst cost really. Yeah. Well, it's like the normal one. And then class b is the weird one the stall key by on your e-trade account class-a stock? It's your plain vanilla stock class b stock. Well, no difference really on the face of it usually worth the same price part of the same company, but one key difference class as talk has one vote per share and Cosby's talk has twenty per share in the case of lift one share of class as stock get you one vote and one share of class b stock gets you twenty votes twenty votes, and that is today's indicator twenty that is the number of votes as single share of lift class b stock will get you would get a B class stock founders in the case of lift cO, finders Logan green and John Zimmer and nobody else. So what is up with these class b shares? Why would the founder of a company do this? Used to be that way us hope sock was like you had to give up voting control your company, but that's not what he wants. He wants to keep control of his company, and it turns out because is willing to give him money, you know, for stock without demanding control of his company. And so he takes it takes so back in the day. You took your company public you sold shares to the public, and there was this tradeoff on the one hand, you all this money on the other hand, you give up some control of your company. So if the shareholders did not like what you were doing they could vote you out you could be out on your ear. Also, if you wanted to do something fancy with the stock they could stop you so CEO's, especially Texas started using these class b shares to create stalk with the super voting par giving themselves a ton of votes. So that they can maintain control of the company they get all the money, and they keep all the power a win win. And then the situation the power never trickles down to the people. If the finders sell their class, b shares the buyer of those shares. Does not get that twenty vote deal. The shares usually convert to class eight years a crummy single vote. So why would investors put up with this? I asked Matt living this question. And he said there were a couple of main reasons the first is that these companies were just so hot people wanted a piece of them so badly and investor said, okay, and they surrendered their usual rights. But there was another reason a lot of investors started to see it as a plus when Facebook went public CEO, Mark Zuckerberg, a tiny group of insiders got a ton of these class b superhero shares which essentially meant the Mark Zuckerberg had complete control of Facebook. And when the company went public the Wimpy class A-Shares traded really really, well, it was super popular. But Mark zuckerberg's outsized power. Also, ended up paying off for investors because good example of the successes. Mark Zuckerberg did a lot of move that were kind of look like weird corporate. Governance like, you just went and bought, you know, whatever it's like little oversight sort of felt like a sort of a company that was not like run by best principles of corporate, governance, necessarily, and it turned out to be wildly successful for shareholders. And they put loads of money, right? Because he actually was good at it says a lot of investors, especially investors in tech companies with these celebrity genius, inventor of CEO types, actually started to really like the fact that shares of stock came with no voting muscle became kind of like a selling point like don't worry. No, slutty small-minded investors going to step in and Swart, you know, the geniuses vision. Which is this is actually as you. It's protecting your investment in no way. Because like what you're really signing up for is Mark Zuckerberg and the only way to make sure that you're getting works to all the votes. Dougal Lincoln groupon. They old it. But when Snapchat went public Matt says that was kind of the peak for class b shares not. As a even weirder version, where public shareholders have no votes at all. And only the have any votes. Hey, why not let the suckers by the shares and not get any voting rights Snapchat? This moment, though, is when the markets kind of struck back at the whole class, b shares idea the keepers of some of these big indexes like the S and P five hundred decided enough was enough said, we're not going to list companies that have so called dual class shares and the excluded Snapchat. Now, this was a big deal because of index funds. Now, those are funds that are pegged to an entire index. For instance, the S and P five hundred so with the S and P five hundred goes up the index fund goes up, and if you have money in a 4._0._1._K a lot of that is probably in index funds. We are talking trillions of dollars and these index funds will not invest in your company if it's not listed on the index. So getting excluded from an index like the S and P five hundred means that you are. Leaving a lot of money on the table. But the index is like, okay, listen, we turn to blind eye to Facebook and Google, but Snapchat, you've gone too, far you want the money, you cannot keep all the power to. This is a breakdown of the whole system you wanna take people's money. You have to answer to them. And we're Matt LeVine heard this. He thought will is it jewel class. Shares are over the time has come to an end year ago. I would have said well, the fact that the indexes are down as early about fine for the continuing viability this, but no turns out. Along comes lift at the sides, no index funds for us. But so be it. This probably means that lift won't ever make it onto the S and P five hundred index, but they did this. Anyway, they said we want control so much the will willing to give up this a lot of money a lot of money the jewel share model class. A and class b shares not dead yet, extremely popular and becoming more popular among tech extremely unpopular and becoming more popular among big public investor's attention. That's why the indexes are dying because the public because behind more popular public investors like every comes to market once I do class stock, and it's terrible. And we hate it. And we got to do something about it was like one or two when it was like Facebook. It's like fine whatever, but every company has its come frustrating for investors. If your stock is hot enough, and if you are enough of a cult of genius techie type, you might just be able to have your. Go public and control it too. And in fact, there has been such crazy demand for shares of lift even though they're not available yet making money, and the companies actually losing money inspect it doesn't make anything that there's speculation that when the company goes public. It will actually exceed the twenty three billion dollar valuation that put on himself twenty three billion dollars. This is cold having your cake and eating it too.
Molson Coors, Bloomberg And Groupon discussed on WBBM Programming
"Activation blizzard and Under Armour are among the companies that will release their quarterly results today. Sources tell Bloomberg activation blizzard will announce plans for layoffs analysts note under armor provided guidance during an investor day. They don't expect any big surprises. Molson Coors and groupon. Also
"groupon" Discussed on NewsRadio 1080 KRLD
"By groupon. When we say happy holidays these days, we allow for the fact that somebody might be celebrating anything Christmas. Hanukkah kwanzaa. Festivus? Wait what? Well, those of you who watched Seinfeld already know. Festivus was first revealed in an episode that as usual had the gang at the diner as Jerry watched. Elaine, grab a greeting card away from George dear son, happy festivus. It's nothing. It's not in Georgia. His father all commercial and religious aspects of Christmas. So he made up his own holiday and another piece of the puzzle. And instead of a tree. Aluminum. Feats of strength, but always ended up with you crying. As usual on Seinfeld. When George was horribly embarrassed, Jerry, and Elaine were very happy later. It was left to Georgia's dad to explain to the always be bottled Kramer, just how festivus came to be many Christmases ago went to buy a my son. Reach for the last one they had. But so did another man. As I rained blows upon him. I realized that had to be another way happened to it was destroyed. But out of that a no holiday was born a festive as the rest of now. Now when the Seinfeld writer put this in that episode. It was really just filler for a show about Kramer going on strike at the bagel store. One of the guys in the writer's room. Dan, O'Keefe was explaining how back in nineteen sixty six is dad came up with this holiday, but he was reluctant to stick it in this episode. He was writing because as he put it he considered the family disgrace born out of alcohol and mental illness and reacting to pressure from articles in the Reader's Digest about how Christmas must be celebrated seinfeld's producers convinced oh, keep it was great in part because they believed the best of the weirdest things. They'd put in the shows came for real life, not stuff that they made up like the things. George's dad, played by Jerry, Stiller explained to Cramer about how a festivus celebration would go and at the festivus dinner, you gather your family around and tell them all the ways they have disappointed you over the past year. And is there a tree now? Instead, there's a full requires no decoration, I find tinsel distracting. What was a bit to fill episode. Road with a subplot caught on people. Now, celebrate festivals. And it's amazing. How much this is caught on considering the fact that the holiday celebrated on December twenty third or not if you prefer is pretty difficult to explain this was George trying to explain it to Kruger his boss at Kruger industrial smoothing, I gave out the fake cod because. I don't really celebrate Christmas. I. I celebrate festivus. Festivus? I was afraid that I would be persecuted for my beliefs. They drove my family out of bayside. You making all this up. Oh, no, festivus is all too real. I could prove it if I have to now the interesting thing about festivus having caught on is that it always ends badly. And should only be taken on. If you are deeply committed to embarrassment and humiliation, not generally considered the spirit of the season. For instance, this is how Georgia's dinner with his friends and boss, wet at his dad's house in the first festivus celebration that anyone other than the O'Keefe family had ever seen the tradition of festivus begins with the airing of grievances. I got a lot of problems with your people. Kroger. My son tells me your company stinks. Oh god..
"groupon" Discussed on Gadget Lab Podcast
"Right. And you're trying to the fact that in twenty sixteen they reduced the margin to eighty five fifteen was the split the revenue split four people who were able to maintain a subscription for longer than a year. So tier point even for some start up businesses that even challenge if you start up subscription out for sure I mean, our view with detour was always like we bypassed all that stuff with with group on because we were selling. Real world services. So we don't have to use their in up payment system. So it was a real shock when we got into detoured had had to deal with that. And our view was always we're just going to basically subsidize this and suffer it until we get big enough that we can wean ourselves off of it similar to what you've seen companies like Amazon do. Speaking of companies like Amazon, all of the big tech companies. Now, it seems like they're into everything have you with few exceptions. Right. The apple still hasn't really cracked social, and that's fine. Because it doesn't really align with the company ethos. Right. But Amazon is in hardware and media and shopping, and groceries and Facebook has so many different tentacles out there. Same with Google. Are we entering an era where a company like yours like eventually, you just your this is who you're competing with and you either have to license her cell, or is it possible to sustain long-term? I think it's possible to sustain long-term think part of it is the expectations that you set with the investors the investors that you choose and the culture that you build in the company. I mean, if you want to build the thing for the as a standalone company for the long term, which might not but. I don't I don't see why d- script for example, couldn't stay standalone doing what we're doing indefinitely. If we had customers loved the product. I mean, some of it's also like the question of the mechanics of the business some businesses it's easier to figure out how to reach your potential customers than others in the case of descript, you know, there's a lot of transcription customers out there who were doing who were searching. So we have a good way to reach customers that way and then with audio and video production tools. It's a it's a community of people that love talking about gear and making recommendations so word of mouth works. Really? Well, so I mean this being third startup I've taken on a real appreciation for for the fact that the not the mechanics of all businesses are not created equal. You know, like detour was such a hard like. Sohar hard. To run the mechanics to suck on that business and relative to that mechanics descriptive, really nice. Do you see competitors out there for developed at this point? I mean, you mentioned like this idea sort of existing for twenty plus years, are there sort of other companies out there that make you feel like the spaces heating up where do you think right now, you're sort of a standalone in what you provide? Well, the idea's been around for a long time. But the technology hasn't hasn't reached a level of maturity where it can were can actually exist competently. So it's really the fact that automatic transcription has reached has crossed this threshold where it's a it's a credible alternative to hand transcription. Right. And that's happened in the last five years or so there's a bunch of other services that have popped up that are doing they're doing automatic transcription. We see that as the foundation of what we're doing and where we get started. But the real value is this tool that we're creating automated automatic transcription. It's great. But. You know, it's just going to get better and faster and cheaper. And I don't know that there's a really exciting business to build with that as the as the core value proposition. So it's your editor. Yes. Going to set you apart. Yeah. So you mentioned you went to school for music, and you're also musician after your time at groupon. You put out an album called hardly working as right? Hardly working. Hardly working..
"groupon" Discussed on Gadget Lab Podcast
"I guess wall just have to try it ourselves on with our healthy YouTube audiences and report back next week to this one point eight million. You mean one point nine I'm at one point eight. Okay. People just grew. Lauren, and I'm point native a person. Two point five point five easily shall we move onto Andrew. Yeah. Let's have a listen. Andrew thank you so much for joining us, many people know who you are. But for those who don't you're the founder of group on and were CEO of groupon. For many years you've since gone on to create other startups, including a walking tour app called detour which she later sold. And now discrict an audio and video transcription app. How did you arrive at D script after your other startups? So detour is you mentioned was this audio tour. Eappen audio tours are basically glorified podcasts. My background before. I got into tech was I went to school for music worked in recording studio for a couple years. So I had some experience. Editing and producing audio content. But it was all music, and detour was the first time that I really spent any time editing voice driven content and gave me a real taste for what a tedious process. It was high learning curve to get into it. And once you get into it just working with it, you're constantly kind of switching into your engineering technical brain when you really want to be an editorial brain. So it's not fun. We were vaguely aware that there'd been all this progress in in automatic, speech recognition and thought wouldn't it be cool? If there was a way that somebody could build an audio editor that worked like a word processor, a word processor in a lot of ways is the ideal craftsman's tool for the writer MU learn how to write us learn how to use a typewriter early in your career, and then the rest of your career is dedicated to your craft..
4 U.S. football players detained in London over bill restitution
"And decide we we're just not going to pay the Bill. It's little Bill. This isn't like dinner with some apps. This is. Yeah. I got a coupon that I got on groupon here for this. No, this was a fifty thousand Ono fifty thousand pounds not dollars pounds. So when you start looking at that, I think that's like sixty five thousand dollars they tried to roll out and tried to ghost and they didn't pay. They were detained. They ended up
"groupon" Discussed on StartUp Podcast
"Welcome back to without fail and my conversation with Andrew Mason, the founder of groupon when we left off, groupon was beginning to grow and looking to expand into other cities. Group on was six months old. We only existed in Chicago, we'd had really limited press, but it was going well in Chicago well enough that we decided to get into another city in to Boston. And we sent a couple of our people in our team out there to go door to door and try to sign up some businesses, and we went into a, we went into a business and they said, yeah, you guys don't be so pushy. You know, you were here. You were here a week ago and we told you we'd get back to you and we were like, that's not true. We weren't here week ago. What are you talking about? And they're like, yeah, you were, you left your, you left us flyer with us, and they gave us the flyer and it was this. It was. I don't remember what they were called at the time, but it was the first. Groupon clone and they had like literally copied a bunch of the writing on our website and and from our sales materials. And it was just completely shocking like I was new to business, right? I always thought I was going to be a musician. And in that world, we would call this plagiarism. But in business apparently I was learning. It's just called competition for, but man, it was shocking to see that and and if that wasn't shocking enough, like then over there were at some point, literally thousands of groupon clones, everyone from Google to Facebook to Amazon, had launched the exact same the exact same model, and we were going up against all of these people and. I hated them like I hated them not just as businesses or as competitors, but I hated the people like I would. I would find out who the people were were in direct beams of hate to them in their lives and hope that nothing but bad things happen to them for the rest of their lives. It just seemed like the worst kind of person to me that would that would just shamelessly copy what you're doing and in order to make a quick buck. So what offended you so much about that. Wouldn't that wouldn't offend you? Is that hard to understand why that would be offensive? I'm asking questions on behalf of the listener. I mean, you know, at at that point, I I, it was kind of like, you know, my idea was my thing and, and at that point, my life, I took a lot of. That was where I got a lot of my satisfaction from having that. And that's the form of impact that I'm having and an and it took a lot of hard work to get there. Right. I mean, one of the heating yet felt like cheating, totally felt like cheating. Yeah..
The Lastest From Wall Street
"Now, here's Bill Holland with the latest from Wall Street toxin generally higher, but NASDAQ was lower celebrating the art of the deal as Canada caves in to join the new NAFTA deal and China's next tenant Europe oil prices up three percents, seventy five fifty six the Iran. Sanctions biting and some pundits. Now, see a hundred dollar oil ahead. IBM and groupon. Settler patent dispute for Risa. It's five t service in four cities G E fires at C O and hires a turnaround and salvage
Andrew Mason and the start of Groupon
IBM, Frank Motech and Twitter discussed on KNX Midday News with Brian Ping
"Before the, closing bell we got. This news jury has just awarded IBM eighty three million dollars in a patent dispute with ecommerce company group on a jury. In Delaware said groupon use IBM's patented ecommerce technology without authorization following a two Week trial Tech stocks have come. Under pressure again today led, by Twitter Intel Twitter's plunging after it said monthly users decline in the second quarter and could fall further over the next couple. Of months the stock is down about nineteen percent Facebook which saw nineteen percent drop yesterday had attempted a rally earlier right now down just about one percent before the close the. Overall market also. Moving lower now with the, Dow Jones industrial average down sixty, seven points NASDAQ sliding one await the s. and p. five hundred down seventeen and we check your money at twenty and fifty. Each hour I'm Frank Motech from the HMS capital money desk can extend. Seventy NewsRadio, thank. You, Frank well if you're going to be heading to the Malibu area for some beaching, this weekend your favorite route there might. Be closed I'll tell you all. About. That next it's twelve.
"groupon" Discussed on Motley Fool Money
"Why i think airline stocks are still so an expensive like delta trays eight nine times forward estimates the reason right in the conference call there were complaints like why when will this change it may not end delta says well maybe we have to see a recession to see how we hold up through that but you know time tough groupon is holding well a group on for the entire company the company currently has a market cap of about two point six billion dollars just a bit lower than the six billion that google offered in twenty ten so abby the think deal gets done here and if so who are the potential buyers yeah i think this is an interesting question i think if we look backwards so groupon was launched in two thousand eight and it was really a darling of that startup world they did turn down to six billion dollar offer from google in two thousand ten which actually in the shorter term was a good idea they i appealed in november of two thousand eleven for by the end of the first day they were at sixteen billion dollars so it was the second largest ever tech ipo at the time and then it sort of just been a steady march downward and i think you know a lot of this was groupon original offering was really access to local customers so it was attract and retain sort of opportunity for local deals or local businesses but then we've seen facebook we've seen google sort of take away from that space and probably a little bit easier obviously much more broad of ice base i guess i'm so i think now when we think about who's buying them out obviously you're not going to see that six billion dollar valuation by any means i would be prized if they get a premium to what they're trading at right now but my real front runner guests would be for walmart so we've seen them make a lot of acquisitions recently they're really looking to expand that ecommerce space and i think they probably have a little bit of maybe an overlapping customer base so they have a budget conscious customer they have a reputation for doing not i would say arguably well and i think you know walmart is a lot more good spaced where groupon has made that shift towards experience base in the past year or so and i think that could be a nice compliment to roundout walmart's offerings and for two or three billion and easy easy ask for walmart acquisition clearly all right the frito lay division helped pepsi beat expectations on tuesdays sending the shares up almost five percent and jason salty snacks strong but beverages not so much what is pepsi needs to do to get back on track amid a lot of serious competition in the beverage space nice tongue twister salting say that five times says right thank you i think given the market dynamics and soda pepsi's feeling really good about the fact that they own frito lay right now that salty snacks division is really helping the business now with that said i mean this was a good quarter it gets things back on track i think for pepsi this year hasn't been the greatest year yet but i think maybe this helps them turn a corner a corner a little bit here organic growth is still fairly light with a company like this two and a half percent i don't know that you would expect that number to really go up over the course of the next few quarters or so but when you look at the other areas of focus water for example that's now twelve percent of total volume i expect that to continue to grow quakers really bringing us some good business as well and emerging markets offered up six percent organic growth for the quarter so there are other levers there with the business that they can pull to keep this thing moving forward and really when you look back over the past five years and we look at coca cola and pepsi pepsi has been the company that has outperformed cocacola is still a little bit bigger but pepsi certainly catching up very quickly in i i like how pepsi is getting behind taking care of the planet here i mean they they're one of the world's largest purchasers of recycled pet which is the packaging material and they've just launched a one hundred percent composed double bag and test markets.
"groupon" Discussed on WGN Radio
"Is in the studio she writes for chicago jim ducky is usually alongside but frankly his contributions have been lacking lately so try without him yeah he's on vacation writing back next week one of the other when open mic i couldn't remember which one it was okay so we talk a lot about groupon in this segment of for good reason and now looks like they might be up for sale putting their floating themselves or what's going on here yeah so groupon is reportedly looking for a buyer turns out that some of the company executives and the bankers that represent them have contacted a number of public companies recently like in the past month kind of gauging if they're interested in acquiring that they not get the call when google tried a while ago well you know i think they turned down that deal because you know it really wasn't in their best interest at the time i think that was back in two thousand ten and groupon was approaching being valued at sixteen billion dollars in google was only offering six billion so they're not worth six billion now but back then they were back in two thousand eleven when the ipo they were worth sixteen billion dollars so there with what about two point three now groupon yep two point eight four billion two point seven billion i'm sorry so you can see that their value has really slipped it's interesting to see kind of how that happened and they've been trying to keep themselves relevant with partnerships and acquiring different competitors but yeah they're not really what they used to a lot of times though with these companies they have a high value and they're not turning a profit groupon is point now there they might not be valued as high but they're actually turning a profit yeah they turn it operating profit in two thousand seventeen for the first time since twenty four partners is parkway's now which kind of makes no sense since we've been sparked here scooters and all of that yeah parkway's is a local startup that they make a parking.
"groupon" Discussed on BizTalk Radio
"Say listen do you want me to work with you directly right and they go yeah let's let's do our own deal because you lose money i did this these painting years ago if i if you can remember i did the painting classes they called matisse merlot is brilliant idea and we we did it once a week monday nights at painting right drinking and painting and it was a very fun fun night it was a fabulous evening it was so much work to set that room up though it was not worth it and groupon and there was a couple of others that we worked with but i was lost money in the deal as a merchant you lose a lot of money but as a consumer boomer it's great because you get discounts do you use it you know what i read their emails every single day of the week but i don't use it as much for whatever reason i use it for concerts because you go to concert for twenty dollars and even if you don't like the artists hey twenty dollars to see live music win win yeah yeah sometimes though if you go directly to the to the merchant like hair salons especially they would rather give up they would rather you give them the cash the money didn't go through the groupon because they lose a percentage so that's just a little tip and most people don't realize that but yeah i think we i think groupon is i think it's it was a brilliant idea and i and i i really do i think it's a brilliant idea because who doesn't want a discount who doesn't want break so when do you think we'll see the sale happen when do you think it'll unfold everything i've been reading it's gonna somebody's gonna come up with an offer sooner than later very very thank and that's why you know stock a part of me is off again and people were getting interested in again and again and again to place a bet frankie now now i'm absolutely well i think it's i don't know i don't know i think it's pretty split it's pretty split but talk about facebook wow wow who knew that mark zuckerberg is now the third richest person on the planet is that true that is true and you know what we we sure would agree by the listener listeners part of me that mark zuckerberg is a ceo facebook he was one of the original i guess inventors and founders of facebook who's him and another guy who if you saw the movie or the lawsuits invented facebook together anyway facebook ceo mark another guy did that other guy ever get any money or was it just i can't remember the outcome he gets money or by out or something yes something any who they'll facebook ceo mark zuckerberg everyone's favorite good guy billionaire he he beat warren buffett become the third richest person in the world can you believe that i mean this started harvard he started his social media networks he just thought it was going to be as friends and family and whatever else and now he's a third richest person in the world even countries unbelievable according to bloomberg news sucker berg has a net worth of eighty one point six billion dollars eighty one point six billion dollars i can't even fathom it i can tell you something what everyone says you cannot buy your life.
"groupon" Discussed on 103.5 KISS FM
"Hello christina hi christina fred at edgy calling from their morning radio show body you saw early but i do have to tell you before we go any further that we are on the radio right now at each you permission to keep talking keep going yeah that's fine thank you so much we're calling about a guy named chad who you went on a date with set up through some friends you remember chad yes i definitely remember cat we'll tell us about the date because he he reached out to us and was hoping that we can help him get some clarity as to what may have happened that would result in united calling him back he said he's text email and all that stuff yeah assertive weird i mean the finding everything and we got some dinner burgers and drinks but time to pay for it like i know yeah good for him on the first date my you know he was telling me pretty much what to order and it was like this the game or something was he's telling you what to order what groupon was for like whatever order coupon gave him that wow so not only did he use a coupon but you had to order what was on the groupon even have what you want yeah i don't get wasn't very impressive on the first day feels like you're having a good time and it's always one of those old movies where you sit down and the waiter ask you what you want for you he was doing it.
"groupon" Discussed on WBT Charlotte News Talk
"Three wbz sports floodgates of information had been open and it's coming directly to your you use talk you ninety nine three wbz the groupon app you can save up to one hundred dollars a week and what you do every day like haircuts because even if you don't need a haircut you're eventually going to need a haircut unless you're bald in which case groupon can save you a lot of money on skincare the point is using groupon can save you up to one hundred dollars a week getting a massage check rebutting many petty checker by looking for nearby yoga classes use the top rated groupon app to save up to one hundred dollars a week and what you do every day download the app and faith groupon check out the group on preconceived up to infinity theoretically speaking actually you can save up to one hundred dollars a week and what you do every day suppose you save ten dollars on tacos and took that ten dollars and used it to get more great restaurant deals on groupon like italian or chinese pretty soon you could save a ton brench chat group on dinner plans chat groupon angry use the top rated groupon app to save up to one hundred dollars a week and what you do every day download the app and save groupon and now a page from the diary of flo dear diary the ghost is back this house is protected through progressive but that doesn't mean it's not haunted how else would you explain that radiator like clanking sound or the moon colored light in the hallway that's gone by morning maybe he never bundled home and auto and he's doomed to suffer an eternity without the savings save an average of seventeen percents on car insurance when you bundle home and auto through progressive what was that wind like sound oh right the wind progressive casualty insurance company and affiliates discounts not available in all states or situations.
"groupon" Discussed on KCBS All News
"Groupon app where you can save up to infinity theoretically speaking actually you can save up to one hundred dollars a week and what you do every day suppose you save ten dollars tacos and took that ten dollars and used it to get more great restaurant deals on groupon like italian or chinese pretty soon you could save a time brench check groupon dinner plans check refund angry use the top rated groupon app to save up to one hundred dollars a week and what you do every day download the app and faith groupon manzini sleepworld once you enjoy huge savings and a great night sleep this is randy manzini inviting you to our tax free mattress sale rest easy with huge savings on top brand quality mattresses your choice of comfort for less glitter experience sleep specialist help you find the perfect mattress at the perfect price and only mansi needs can you still enjoy free white glove delivery free setup and free mattress removal hurry into one of our thirty three stores for details on this limited offer manson he's sleepworld visit sleepworld dot com and start sleeping better tonight kcbs news time ten eighteen sherry brown's here with a look at traffic and we're watching cal trans work slowing you down on the nimitz freeway they've been in the southbound lanes in oakland between high street and hagan burger still a little bit of slowing there but they say they're moving over to the northbound lanes around twenty third avenue now they're not there yet but we'll watch for slow traffic when they show up eastbound twenty four the call the tunnel tonight it's the left board that's closed for painting thanks from the phone force for let me know about that and they are slowing you down eastbound twenty four from before highway thirteen but once you get on the arinda side traffic moves that the limit also some construction on the richmond san rafael bridge tonight eastbound it's slow midspan your next traffic update at ten twenty eight on the traffic leader kcbs tara jerry thank you bay area weather with partly cloudy skies overnight.
"groupon" Discussed on Forever35
"God i know and maybe she's getting lashes pulled from the backs of minks i have no idea but i go to a place called red and white spa i would totally plug them that i sort of go into of groupon and they're one of those got even without groupon whatever there i think it's like the clamor set okay and and i think there's actually one above that which i can't imagine how like you might not be able to open your eyes but i think there are seventy five dollars but it's one of those places that at any point everything's always fifty percent off no idea what like the actual where is it is go to one on bruce street and so okay and their technicians are great i do find that there is a it's a skill and not everyone is good as everyone else in their senior technicians and i think it's worth the extra money to go to senior technician but i would say with tip lake and tipping on the full price it's about one hundred twenty two hundred and forty big investment it is so worth it i'm i'm never going back wow i respect that so okay so so that's that's your yes wow so i start with that and then depending i don't always wear conceal her in fact i try not to but life doesn't always work out that way so i really liked the becca under eye brightening conceal her which you can look at beca.
"groupon" Discussed on Scriptnotes Podcast
"Direct promotional emails to see certain films it seems like a very slippery slope to use us subscribers as leverage against distributors both are options that could drive the value of the program down well john oh boy here we go yeah this does seem like slippery slope and when i've been a slope i mean i think i think just happened in the classic scheme of this would be you'd have a person comes in and says like you know it's a really nice movie got here be a shame if anything happened to it yeah this doesn't feel great now we'll zoom back out and say like there are people who influence the outcomes of opening weekends and movies all the time and there's always the sort of quid pro quo where you're doing publicity with people and stuff like that but this feels like a very country wreck transactional thing and they're saying you know they're coming to us and say hey would you like us to promote your movie and if you say no then they will sort of unfamiliar movie and that that doesn't feel good yeah no that that's you can now see what they're doing right so the the classic internet truism is if you are not paying for the product you are the product and in this case it appears that the subscriber base for movie pass is the product so movie pass very cannily is monetize ing this by advertising movies to their base and yes it appears that if you may not even be as much as okay well if you don't advertise with us then we're not gonna let our people see your movies may also just be these people are advertising with us and they're in direct competition with you so part of our deal with them is we're sending our hordes to them this is sort of the groupon model of things if they push this a little too hard and a little too quickly which i think they are i could definitely see situation where studios and this is where he they have to be careful about not running afoul of antitrust but i could see them all just going the services not in our long term best interests let's stop advertising with it.