Nick

and the 2019 movie adaptation of Cats. Like, if I'm watching the dancing and I'm noticing the feet aren't touching the ground, there's something wrong with the movie. Find out what happens when massive hype turns into major fiasco. Enjoy The Big Flop on the Wondery app or wherever you get your podcasts. You can listen to The Big Flop early and ad-free on Wondery+.

and the 2019 movie adaptation of Cats. Like, if I'm watching the dancing and I'm noticing the feet aren't touching the ground, there's something wrong with the movie. Find out what happens when massive hype turns into major fiasco. Enjoy The Big Flop on the Wondery app or wherever you get your podcasts. You can listen to The Big Flop early and ad-free on Wondery+.

and the 2019 movie adaptation of Cats. Like, if I'm watching the dancing and I'm noticing the feet aren't touching the ground, there's something wrong with the movie. Find out what happens when massive hype turns into major fiasco. Enjoy The Big Flop on the Wondery app or wherever you get your podcasts. You can listen to The Big Flop early and ad-free on Wondery+.

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Get started with your free trial at wondery.com slash plus.

Get started with your free trial at wondery.com slash plus.

For our third and final story before the weekend, Hailey Bieber just pulled off one of the biggest and fastest exits in startup history, $1 billion in just three years. Because her beauty brand, Rode, borrowed a strategy from Elvis Presley. That's right, that Elvis. But Jack, let's start with Elf Beauty, who's had a rough year. The stock looks like it was out all night. Yeah, it does.

For our third and final story before the weekend, Hailey Bieber just pulled off one of the biggest and fastest exits in startup history, $1 billion in just three years. Because her beauty brand, Rode, borrowed a strategy from Elvis Presley. That's right, that Elvis. But Jack, let's start with Elf Beauty, who's had a rough year. The stock looks like it was out all night. Yeah, it does.

For our third and final story before the weekend, Hailey Bieber just pulled off one of the biggest and fastest exits in startup history, $1 billion in just three years. Because her beauty brand, Rode, borrowed a strategy from Elvis Presley. That's right, that Elvis. But Jack, let's start with Elf Beauty, who's had a rough year. The stock looks like it was out all night. Yeah, it does.

It got some bags under your eyes, Elf Beauty. In April, Elf Beauty stock was down 60% on the year because of the trade war. That's right, because three quarters of Elf Beauty cosmetics are made in China. And they just had to announce that everything is going up in price by $1. Yeah, on Instagram, they actually posted, not going to lie, inflations and tariffs have hit us hard at Elf Beauty.

It got some bags under your eyes, Elf Beauty. In April, Elf Beauty stock was down 60% on the year because of the trade war. That's right, because three quarters of Elf Beauty cosmetics are made in China. And they just had to announce that everything is going up in price by $1. Yeah, on Instagram, they actually posted, not going to lie, inflations and tariffs have hit us hard at Elf Beauty.

It got some bags under your eyes, Elf Beauty. In April, Elf Beauty stock was down 60% on the year because of the trade war. That's right, because three quarters of Elf Beauty cosmetics are made in China. And they just had to announce that everything is going up in price by $1. Yeah, on Instagram, they actually posted, not going to lie, inflations and tariffs have hit us hard at Elf Beauty.

We appreciate the honesty from Elf Beauty. But the stock surged 25% this week. On news, they're spending a billion dollars to acquire Hailey Bieber's skin brand, Rode. Apparently, they do have some money. And Justin Bieber was so proud that his wife sold her company for a billion bucks, he cut off his bangs. What? Did he? Or maybe he already had. I'm not sure, but they're not there anymore, Jack.

We appreciate the honesty from Elf Beauty. But the stock surged 25% this week. On news, they're spending a billion dollars to acquire Hailey Bieber's skin brand, Rode. Apparently, they do have some money. And Justin Bieber was so proud that his wife sold her company for a billion bucks, he cut off his bangs. What? Did he? Or maybe he already had. I'm not sure, but they're not there anymore, Jack.

We appreciate the honesty from Elf Beauty. But the stock surged 25% this week. On news, they're spending a billion dollars to acquire Hailey Bieber's skin brand, Rode. Apparently, they do have some money. And Justin Bieber was so proud that his wife sold her company for a billion bucks, he cut off his bangs. What? Did he? Or maybe he already had. I'm not sure, but they're not there anymore, Jack.

Now, if you're not familiar with road beauty, basically they have the same value proposition as Krispy Kremes. To glaze your skin with goodness. That's their actual tagline. They want to make your skin so dewy, and I know you hate when I say this word, Jack, but you'd lick your own face. We've almost been the second half of the pod because you're on a roll. Well, let's talk financials, Jack.

Now, if you're not familiar with road beauty, basically they have the same value proposition as Krispy Kremes. To glaze your skin with goodness. That's their actual tagline. They want to make your skin so dewy, and I know you hate when I say this word, Jack, but you'd lick your own face. We've almost been the second half of the pod because you're on a roll. Well, let's talk financials, Jack.

Now, if you're not familiar with road beauty, basically they have the same value proposition as Krispy Kremes. To glaze your skin with goodness. That's their actual tagline. They want to make your skin so dewy, and I know you hate when I say this word, Jack, but you'd lick your own face. We've almost been the second half of the pod because you're on a roll. Well, let's talk financials, Jack.

Because this company, Rode, has done $212 million in revenue in the last year. And it's all direct-to-consumer and it's all online. Rode Beauty is not in any physical stores yet. But the key reason why Elf Beauty has fallen in love with Rode, what is it, Jack? A majority of Rode's cosmetics are made in Italy and South Korea. So the business protects Elf against both wrinkles... And tariffs.

Because this company, Rode, has done $212 million in revenue in the last year. And it's all direct-to-consumer and it's all online. Rode Beauty is not in any physical stores yet. But the key reason why Elf Beauty has fallen in love with Rode, what is it, Jack? A majority of Rode's cosmetics are made in Italy and South Korea. So the business protects Elf against both wrinkles... And tariffs.