In this episode, Scott Becker discusses the skyrocketing success of Hims & Hers compared to the stagnant performance of Grindr, and also critiques RFK Jr.’s controversial stance on banning pharmaceutical advertising, arguing its implications on free speech.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Oh my goodness, we're going to discuss three things today. Hims and Hers, Reinder, and RFK Jr. So here's the deal on this. First, you got Hims and Hers is up 200% year to date. As Hims and Hers business is diversified, it becomes less and less correlated with Grindr. Grindr's up just 1% year to date.
Chapter 2: How has Hims & Hers diversified its business model?
Hems and Errs used to be really focused on telemedicine and prescribing of erectile dysfunction and other drugs used for sexual relations, it now is diversified into a whole lot of other areas. So more and more diversified. Grindr, I believe, still remains a site for hooking up for, I think, same-sex couples and so forth.
Chapter 3: Why is Grindr's growth stagnant compared to Hims & Hers?
And at some point, the erectile dysfunction company and the hookup site were correlated. Now, the results, the stock results of hims and hers have just skyrocketed where grinders have been quite flat. Now, the third thing we'll talk about is RFK Jr. RFK Jr., this is really a baffling person. And the latest is one of his concepts is wants to ban pharmaceutical companies from advertising.
Chapter 4: What are RFK Jr.'s controversial views on pharmaceutical advertising?
And this to me, if you're a believer in free speech, you're a believer in political speech, free speech, commercial speech, is one of the dumbest concepts I've heard in a very long time. I understand the implicit desire and concept behind it that, oh my goodness, pharmaceutical companies can then influence patients. But that's the concept.
No idea of free speech is you're able to determine whether you agree or disagree, whether you want to press your doctor to the medicine or not. But this concept of banning free speech for advertising for pharmaceutical companies is This is, you know, and again, I'm not an anti-Trump person at all, but this is the worst idea I've heard this week.
And there's a lot of bad ideas that come out of politicians' mouths on the right and the left. But RFK might be enough to keep us busy for years to come with the idiocy that comes out of his mouth. And I don't mean to be offensive to RFK Jr., But this is really dumb and bad on so many constitutional grounds, so many other grounds and so forth. It is what it is. That's our thoughts for today.
Hims and hers, Grinder and RFK Jr. Thank you for listening to the Becker Private Equity and Business Podcast.