Emily Flippen

And on a quantitative basis, this is really only a good move if their Chinese business continues to underperform.

But I actually think that's pretty unlikely.

And I think if they had just taken the time to find the right leaders and skill set for that side of the business, there was a lot that they could save in this initiative.

And look, Starbucks, their second largest market, I believe, is China, or maybe their largest market.

It's one of their top two.

And they're facing intense competition there, of course.

But why do you face competition in big markets?

Because the opportunity is that large.

And they're just throwing up their hands and saying, hey, we're going to let somebody else drive the bus.

Yeah, they're retaining 40% and some royalty, but that's all less than 100%.

Starbucks should always be getting 100%.

Yeah, look, this would be canceled the moment it goes across my desk.

At a $600 million plus valuation, I mean, that's more than Sweetgreen.

And I understand Sweetgreen's been struggling, but in my opinion, one is clearly the better pick over another.

I have to take the opposite side here.

I mean, DoorDash, I think while the leader in its space does see really intense competition from Uber Eats, especially globally, I think the acquisition they made of Deliveroo was an expensive one.

It's going to be hard for them to integrate.

And I think right now the market is pricing DoorDash shares as if the business is going to continue 20% plus revenue growth and have margins north of 10 to 15% on the bottom line.

I think given their cost structure and given the cost of this acquisition, that's pretty unrealistic.

It's ironic because I'm sitting here raking DoorDash over the cold for their expensive acquisition, but I actually think that I hug Axon in this situation.