Allbirds jumps on the A.I. wave, the S&P 500 surges, and Live Nation and Ticketmaster lose an antitrust case.
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This week: Sneaker company Allbirds announced a pivot into A.I. infrastructure. Felix Salmon, Elizabeth Spiers, and Emily Peck explain why this absurd-sounding venture is actually a pretty clever piece of financial engineering. Then, the hosts get into the market surge that put the S&P 500 at a record high. And finally, the courts confirmed what we all knew: Live Nation and its subsidiary Ticketmaster are screwing everyone over. The hosts discuss what led to the federal jury ruling that the concert behemoth was acting as a monopoly.
In the Slate Plus episode: The con behind SantaCon.
Podcast production by Jessamine Molli.
SantaCon’s conniving leader gives New Yorkers another reason to hate the yearly bar crawl.
A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon, Emily Peck, and Elizabeth Spiers.
Emily Peck is the co-host of Slate Money and a markets correspondent for Axios.
Felix Salmon is a host of the Slate Money podcast.
Elizabeth Spiers is Slate’s Pay Dirt columnist. She was the founding editor of Gawker and the former editor in chief of the New York Observer. Prior to Gawker, she was a financial analyst.