Neil Freiman

So your portfolio is doing well on Friday.

Both the S&P and Nasdaq posted their six straight winnings week, which was the longest streak since 2024.

Moving on, we haven't had this kind of bowling controversy since Walter said he doesn't roll on the Shabbos.

A group of passionate bowlers has sued Lucky Strike Entertainment, accusing the bowling giant of using its monopoly-level control to jack up prices, promote drinking and gambling, and destroy what had been an affordable, wholesome hobby for America's middle class.

The 11 plaintiffs seeking class action status claim Lucky Strike is responsible for, quote, the veritable destruction of the decades-old pastime of bowling in America.

They say Lucky Strike has a plan to be the Starbucks of bowling, using private equity money to buy up competitors all over the country, then running a predatory business model that alienated, quote, virtually every customer except those who have no interest in bowling.

Lucky Strike called the lawsuit mirrorless and intended solely to generate headlines, quote,

at the expense of a company that has spent more than three decades expanding opportunities for the sport of bowling in the communities we serve.

Lucky Strike is big.

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.

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

Right.

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

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

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

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

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

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

antitrust crusader Lina Khan.

Now, Lina Khan was during the Biden administration.