Nick

But the wild part for Jack and I, Newly is now running away from the competition, literally. Rent the Runway has only one-third as many users as Newly does. I'm sorry, Jack. Pause the pod. We got to repeat this. Rent the Runway. invented the entire clothing rental concept 16 years ago. But now Newly is the unquestioned leader after just six years. And besties, here's the drama.

But the wild part for Jack and I, Newly is now running away from the competition, literally. Rent the Runway has only one-third as many users as Newly does. I'm sorry, Jack. Pause the pod. We got to repeat this. Rent the Runway. invented the entire clothing rental concept 16 years ago. But now Newly is the unquestioned leader after just six years. And besties, here's the drama.

Unlike Rent the Runway, Newly is solidly profitable. Wow. So Jack, what's the takeaway for our buddies over at Urban Outfitters? Urban invented a new rare species, the profitable loss leader. Yetis, unlike Rent the Runway, which must rent out clothing profitably because that's its only business, Nuuly could lose money and that's okay for Urban.

Unlike Rent the Runway, Newly is solidly profitable. Wow. So Jack, what's the takeaway for our buddies over at Urban Outfitters? Urban invented a new rare species, the profitable loss leader. Yetis, unlike Rent the Runway, which must rent out clothing profitably because that's its only business, Nuuly could lose money and that's okay for Urban.

Unlike Rent the Runway, Newly is solidly profitable. Wow. So Jack, what's the takeaway for our buddies over at Urban Outfitters? Urban invented a new rare species, the profitable loss leader. Yetis, unlike Rent the Runway, which must rent out clothing profitably because that's its only business, Nuuly could lose money and that's okay for Urban.

Like a free sample at Costco, Nuuly is a $98 a month sample of Urban's brands. So as long as Nuuly got people to buy more Urban outfit or clothing, it didn't matter if Nuuly itself lost money on the subscriptions. But that's not what happened. Newly was able to raise prices by $12 a month last year, and yet demand only grew.

Like a free sample at Costco, Nuuly is a $98 a month sample of Urban's brands. So as long as Nuuly got people to buy more Urban outfit or clothing, it didn't matter if Nuuly itself lost money on the subscriptions. But that's not what happened. Newly was able to raise prices by $12 a month last year, and yet demand only grew.

Like a free sample at Costco, Nuuly is a $98 a month sample of Urban's brands. So as long as Nuuly got people to buy more Urban outfit or clothing, it didn't matter if Nuuly itself lost money on the subscriptions. But that's not what happened. Newly was able to raise prices by $12 a month last year, and yet demand only grew.

In fact, in 2024, Newly achieved a full year of profits while also boosting sales of the other Urban Outfitters divisions. So Newly is like a lost llama in the sense that it drives the sales of the other divisions. Right, right, right, right. But it doesn't lose money. It's profitable. What you're saying, Jack, is that Urban Outfitters has invented a new species. The profitable lost llama.

In fact, in 2024, Newly achieved a full year of profits while also boosting sales of the other Urban Outfitters divisions. So Newly is like a lost llama in the sense that it drives the sales of the other divisions. Right, right, right, right. But it doesn't lose money. It's profitable. What you're saying, Jack, is that Urban Outfitters has invented a new species. The profitable lost llama.

In fact, in 2024, Newly achieved a full year of profits while also boosting sales of the other Urban Outfitters divisions. So Newly is like a lost llama in the sense that it drives the sales of the other divisions. Right, right, right, right. But it doesn't lose money. It's profitable. What you're saying, Jack, is that Urban Outfitters has invented a new species. The profitable lost llama.

Like a centaur, it's half man, half horse. It's half profits, half losses. For our second story, the CEO of Anthropic just said AI will take half of all white-collar jobs within five years. If true, unemployment would spike to as high as 20%. So we're unpacking the truth and the timing. And we're introducing a new concept we call chrome-collar jobs.

Like a centaur, it's half man, half horse. It's half profits, half losses. For our second story, the CEO of Anthropic just said AI will take half of all white-collar jobs within five years. If true, unemployment would spike to as high as 20%. So we're unpacking the truth and the timing. And we're introducing a new concept we call chrome-collar jobs.

Like a centaur, it's half man, half horse. It's half profits, half losses. For our second story, the CEO of Anthropic just said AI will take half of all white-collar jobs within five years. If true, unemployment would spike to as high as 20%. So we're unpacking the truth and the timing. And we're introducing a new concept we call chrome-collar jobs.

Yetis, everyone talks about ChatGPT, which must be really annoying if you're Anthropic. So true. So true. Anthropic is a huge and valuable AI company also. They have Claude, which is the number two AI chatbot. Basically, Claude is the Luigi to OpenAI's Mario. The Garfunkel to its Simon. Jack the Goose to its Maverick, if you will.

Yetis, everyone talks about ChatGPT, which must be really annoying if you're Anthropic. So true. So true. Anthropic is a huge and valuable AI company also. They have Claude, which is the number two AI chatbot. Basically, Claude is the Luigi to OpenAI's Mario. The Garfunkel to its Simon. Jack the Goose to its Maverick, if you will.

Yetis, everyone talks about ChatGPT, which must be really annoying if you're Anthropic. So true. So true. Anthropic is a huge and valuable AI company also. They have Claude, which is the number two AI chatbot. Basically, Claude is the Luigi to OpenAI's Mario. The Garfunkel to its Simon. Jack the Goose to its Maverick, if you will.

And this San Francisco-based company, Anthropic, is led by Dario Amadei. And he said something scary this week. That's right. He said Dario was blunt in his interview with Axios, saying AI will take half of all white-collar jobs. He said that the unemployment rate will rise from 4.5% today... to 10 to 20% within one to five years.

And this San Francisco-based company, Anthropic, is led by Dario Amadei. And he said something scary this week. That's right. He said Dario was blunt in his interview with Axios, saying AI will take half of all white-collar jobs. He said that the unemployment rate will rise from 4.5% today... to 10 to 20% within one to five years.

And this San Francisco-based company, Anthropic, is led by Dario Amadei. And he said something scary this week. That's right. He said Dario was blunt in his interview with Axios, saying AI will take half of all white-collar jobs. He said that the unemployment rate will rise from 4.5% today... to 10 to 20% within one to five years.