Dealer Families Dealing, Disney Keeping Dreams Alive, Ethereum Approaching A Big Day The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

We hope you’re up and at ‘em this Thursday as we share a great story about a recent acquisition deal between two families on a handshake. We also cover Disney’s moves in streaming and theme parks to keep consumers happy, as well as a big day coming for cryptocurrency Ethereum. 
ASOTU CON Host, Ciocca Dealerships closed on the acquisition of six stores in Flemington, NJOwner Gregg Ciocca Sr grew up near the “Flemington Car and Truck Country” founded by the late Steve Kalafer and knew him personallySteve Kalafer, a prominent dealer known for speaking out against stair-step incentive and other automaker programs that he thought disadvantaged retailers, also founded a minor league baseball team and attained national acclaim for producing short films.The stores have been run by Kaalafer’s two sons since his death in 2021"It was really two family businesses that just shook hands very quickly," Ciocca said. "They wanted a good family to take over their great family business. So I felt very privileged and fortunate they chose me and my Ciocca family, my three sons, to be the stewards of that business, which is a high-performing dealer group."Ciocca ranks #83 on the most recent AN top 150 listTake away: What other industry is like this? Come meet Gregg in person at ASOTU CON! 

Disney’s earnings and streaming prices up as well as theme park traffic and streaming subscribersRevenue is up to a higher than expected 26% which caused the stock price to jump 7% in after hours tradingSubscribers to Disney + were up however the company slightly lowered future expectations When combining all streaming properties (D+, Hulu, ESPN+) Disney now has over 221M subs,  surpassing than NetflixTheme park traffic is very strong albeit they are unable to staff to capacityProfit margins are higher than ever as spend per guest have risen significantly, helped by lower labor costs and tech introductions of Lightning Lane and Genie + which allow park visitors to map out their plans for the day and make reservations at restaurants, among other servicesDisney also outlined new pricing to make room for the ad supported tier of Disney+Cryptocurrency Ethereum executed successful test of its historic test ‘merge’Shifting from ‘proof of work’ to ‘proof of stake’, once the transition is complete, the currency will become far more efficient and inexpensive to transact on while using 99.95% less energyUnlike Bitcoin which is just an asset to hold and trade, ETH is a utility which can be used to carry and deploy smart contractsThe price of ETH reached over $1900 overnight which is up from recent low of $879 in June which is down from all time high around $4800 in Nov 2021Take away: Get the Daily Push Back email at https://www.asotu.com/
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Hosts: Paul J Daly and Kyle Mountsier

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