That day . [laughter] david a few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me, but it is challenging to be the sole ceo and be the coceo. When you talk to Reed Hastings, you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. The company now, which went public in 2002, the market cap is up about 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . Reed no, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way, too. Blockbuster could have wiped us out many times. When viacom spun off blockbuster in 2004, they saddled them with 1 billion of debt as their goodbye kiss. The covenant on that debt severely limi
This company will not survive as a mens jean company. This detroit rebuilding story will come to an end. My name is marcus lemonis, and i risk my own money to save struggling businesses. We are not going to wake up every morning wondering if we have a job. We are going to wake up every morning wondering how many jobs we have to do. Its not always pretty. Everything is going to change. Everything. But i do it to save jobs and i do it to make money. This. Lets go to work . Is the profit. Id really like to do a manufactured by detroit denim. In 2010, eric yelsma founded detroit denim, a maker of highend mens jeans. Theyre unhemmed. So we will mark them and get you the fit that you want. Every component from the buttons to the thread is sourced in the u. S. And every pair is sewn right here in the heart of motor city. Danke. Tired of the corporate rat race, eric noticed an opportunity to help revitalize his city by tapping into local designers and fabricators. When you are done with those
Travel, i am glad to welcome the. Eo of airbnb, brian thank you so much for joining us. I have questions about your business in the olden times, in the future times. I want to start with one big picture question about all the enterprises that have an affected by the enterprise, yours has to be most affected. You are about mobility, and people have not been mobile. What is the main lesson, surprise, or discovery that you personally have taken from the experience in the last eight months or so. Ourn we lost about 80 of business in eight weeks, that we had spent about a decade building. That was quite surprising. What may have been even more surprising what is what happened next. What happens next is people, no matter the circumstances, in the midst of the pandemic, still had the desire to travel. They did not want to get on planes, they were not necessarily traveling for business, they did not want to go to a hotel or crowded tourist district, but they did want to get in a car with a tan
A few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me but it is challenging to be the sole ceo and be the coceo. When you talk to Reed Hastings, you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. The company now, which went public in 2002, the market cap is up 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . Reed no, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way. Blockbuster could have wiped us out many times. When viacom spun off blockbuster in 2004, they saddled them with a billion dollars of debt as their goodbye kiss. The covenant on that debt severely limited blockbuster when they attack
Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be