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Pinduoduo Inc (PDD) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Pinduoduo Inc (NASDAQ: PDD)
Operator
Good day and thank you for standing by. Welcome to the Pinduoduo First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to our first speaker today, Mr. Jason Shu. Please take over.SPONSORED:
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With both the movement to abolish Greek life and the pandemic hindering membership numbers, several Interfraternity Council and Panhellenic Association organizations extended recruitment into Spring Quarter through continuous open bidding.
COB, an informal recruitment process, allows fraternities and sororities to hand out bids at their discretion. This year, PHA sororities recruited exclusively by COB and IFC fraternities shifted to a COB process starting Spring Quarter.
For sororities, the decision was necessary after Panhellenic Association’s canceled formal recruitment because of concerns about virtual recruitment and the uncertainty of chapter status due to the Abolish Greek Life Movement.
Spearheaded by an anonymous Instagram account and as part of a larger national reckoning, the Abolish Northwestern Greek Life Movement led to mass deactivations and calls to disband in the past year.
Weinberg freshman Nina Petrouski had been struggling to find a vaccine appointment when her friend put in touch with vaccine booker Eli Karp.
Karp, a Medill junior, had found an appointment on hold at a Mariano’s in Lincoln Park. The vaccine appointment was booked within a matter of minutes.
Although Illinois expanded eligibility to those aged 16 and older on April 12, Northwestern does not yet have enough supply to vaccinate the entire student body The University recommended students stay patient or seek vaccination opportunities off-campus.
Some students like Karp have become adept at vaccine hunting, helping other students find appointments off-campus.
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