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Neil Freiman

πŸ‘€ Speaker
7843 total appearances

Appearances Over Time

Podcast Appearances

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Lucky Strike is big.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

It's the world's largest owner and operator of bowling centers, according to the suit, accounting for about 35% of the industry's revenue in the U.S.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

It'll now be up to the court system to determine whether that Pete Weber-level dominance is an illegal monopoly.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Right.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Seems like the plaintiffs here are kind of intense bowlers and they are bemoaning how Lucky Strike has allegedly turned bowling centers.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

It's not lanes, it's bowling centers into basically a nightclub atmosphere.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

And they have this app that they are saying promotes gambling and they.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

basically get you in and then upcharge you for food and drink, and that is their main business model.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Now, a really interesting wrinkle in this particular suit is the lawyers who are representing the plaintiffs.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

It's a firm called Simonson Sussman, and they are formed from former FTC commission officials who worked under the

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

antitrust crusader Lina Khan.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Now, Lina Khan was during the Biden administration.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Remember, she brought tons of suits against tech companies and other companies for being monopolies.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

And it seems like they are sort of taking that and moving into the private sector and now lodging their first big suit against Lucky Strike.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

And now when remember when Lucky Strike in their statement said this was solely intended to generate headlines?

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Well, they're saying that this is a marketing tactic by this new firm to generate headlines.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

So to get their name out there.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Now, if you're in the mood to just learn more about bowling, well, there's a new HBO documentary about bowling, and it aims to put some respect on bowling's name, because for decades, we've seen, we've heard how bowling is dying, and that actually is representative of the decay of American social life.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

Basically, this documentary suggests that bowling is way more popular than anyone gives it credit for.

Morning Brew Daily
Chip Stocks Are Skyrocketing & Lucky Strike Bowling a Monopoly?

More than 67 million people in the U.S.