Doomed to Fail - Ep 133 - Revenge: The PayPal Mafia - Part 3

Episode Date: September 2, 2024

In our final PayPal episode, we talk about the delicious ways you can enact revenge on people if you are a billionaire. Whether it's totally shutting down a media company (even if that media company i...s gross and VERY early 2000s) or short-selling Tesla stock whilst you are looking Musk in the face and asking him to donate to charity. If you are rich, revenge can be piping hot.  Join our Founders Club on Patreon to get ad-free episodes for life! patreon.com/DoomedtoFailPodWe would love to hear from you! Please follow along! Instagram: https://www.instagram.com/doomedtofailpod/  Facebook: https://www.facebook.com/doomedtofailpod  Youtube:  https://www.youtube.com/@doomedtofailpod TikTok: https://www.tiktok.com/@doomed.to.fail.pod Email: doomedtofailpod@gmail.com 

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Starting point is 00:00:00 It's a matter of the people of the state of California versus Orenthal James Simpson, case number B.A.019. And so, my fellow Americans, ask not what your country can do for you. Ask what you can do for your country. And we are here live. Taylor, how are you? Oh, good. How are you? I'm okay. I'm kind of exhausted being here.
Starting point is 00:00:24 I'm in Dallas right now, and it is warm me out. It's funny. Somebody listened to the podcast a few weeks. She's going to almost like, Farr sounds like depressed or not really himself. I was like, I don't know. I was feeling pretty good. And like this time, I think I kind of am depressed and I don't like myself. So this time, if you interpret it, it is, it is accurate. I'm sorry to hear that.
Starting point is 00:00:45 Yeah, it is what is. I hope we feel better. Hope we feel better soon. Yeah, me too. Yeah, I'll head home tomorrow and all things will be on the bright side, I think. So anyways, he is doing good. I saw that you took in some snake time. I did. We went to a party. Wait, let me introduce us first. Oh, Jesus. Yeah.
Starting point is 00:01:03 Hello, friends. Welcome to doomed to fail. We're the podcast that does history's most notorious disasters and epic failures twice a week. Every week. I'm Taylor. Joined by Fars. It was in Dallas. I'm in Fars. Wait, I'm Fars. In Dallas. And I'm Taylor in the high desert. And yes, we went to a birthday party that was snake themed and it was a delight in the local snake lady. High Desert, Danny. Brought some. snakes and the kids got to play with them and a tortoise that she rescued from like a bad a bad um tortoise rescue place that used to let be here and uh it was very cute and fun uh she sounds kind of awesome she's so cool it's it's insane does she have a snake tattoo on the side of her head yeah she has a snake who's everywhere and then yeah and she is a person that you can call and she'll come to your house within like 20 minutes and get rid of a round i'll snake for you so cool and she's done that for us several times and she's very nice and florence got a t-shirt
Starting point is 00:02:03 with her picture on it it's really cute so you you got to maintain that relationship so that when she gets her own show on the animal channel you can be like a guest it'd be fun she was on daniel tosh's podcast recently no way that's very cool yeah um sweet so i think today i go first Yes, I think so. And I kind of whiffed one episode, I guess that was two weeks ago. And so we're going to continue our little saga on the PayPal Mafia. And this is going to be the final episode. And it's kind of a fun one, actually.
Starting point is 00:02:45 And I actually left quite a bit of time for banter around this, because I think that Taylor, you're going to have some opinions. Great. So, wait. part three is going to go into some of the stuff that the folks in the PayPal Mafia have gotten themselves involved in given their billions of dollars and how that's kind of fun and interesting and well fun is subjective but definitely interesting and so yeah we're going to go ahead and continue on on that side of things and so we're going to start with probably the
Starting point is 00:03:20 number one most unusual and interesting thing that they that somebody from the pay-home mafia did which also is the number one thing i would focus on too and why i'd want to be incredibly rich is to exact revenge which is a driving motivator for me in life so i know what i would do if i had a lot of money by snakes or create a snake sanctuary no i'd do two things I would both a library in every fucking town in America. I'd call it Taylor-Panier Library. And two, I would adopt every single goddamn highway in America. What is adopting a highway even mean?
Starting point is 00:04:01 I used to think that it meant you actually had to clean it, but it just means that you're doing money to the highway to be cleaned and get cleaned. You know, and people go and like pick up trash. That's what you would do. You adopt the highway? All of the highways. Yeah. All right.
Starting point is 00:04:18 All right. Well, you're better than I am. I would use my billions for exacting revenge on who want me. I guess also, you have to have someone. If you're on that path, you're going to find someone who you want revenge against. Because I can't think of anyone that I really want to revenge right now. But like, if our billionaire, there's a chance that, like, that would happen. You know.
Starting point is 00:04:42 Yeah. If you're self-made, yeah, if you're self-made billionaire, there's going to be a lot of people you want to exact revenge on. So we're going to start with the most well-known, I would say, case that involves Peter Thiel and his incredible decade-long play to exact revenge on a media outlet that was known as Gawker. Do you know the story? No, but I remember Gawker. I mean, I must know part of the story because I remember Gawker. Okay.
Starting point is 00:05:14 It's going to, I think it's going to come to you. Damn it, Taylor. You're rooting the story. Well, you asked if I remembered. It's true. It's true. It's my fault. You're on my revenge list.
Starting point is 00:05:27 Oh, okay. So that's how I get on it. Fine. I'm going to adopt all the highways, all the libraries, and a good runge on you. That's it. Yes. Three things. So Gosser was founded in 2002 by a journalist named Nick Denton.
Starting point is 00:05:42 It started out in New York City and mostly just published salacious content that was very industry-specific. around media in the journalism industry. As it expanded onto the internet, its content engine also expanded to include celebrity news. And they also cover political scandals. And basically, anything salacious about any one of notes is what they would basically do. It was basically like a gossip rag. That's basically I would describe it. So this obviously helped it grow from the, with the public at large because it just became like,
Starting point is 00:06:18 a very yeah people just want to know about the inside details of famous and rich people but it also became like a huge source of like consternation for the people that they covered they were not considered ethical journalists and were like almost eager to divulge private details of public figures of lives so this and I'm sorry you could like call them and be like I'm at the restaurant and the rock is here and they'd come probably yeah Yeah. TMZ-ish, is there? Yeah, yeah, yeah, yeah.
Starting point is 00:06:53 So their downfall really began in 2007. In 2007, they aimed their focus at Peter Thiel, who at this point was already an established VC through his founders fund. He was already a multi-billionaire. And they published an article. And the name of this article was, quote, Peter Thiel is totally gay people, end quote. so I read the article it's accessible on the Gawker Media Archives and I'll just say that I thought it was very very stupid
Starting point is 00:07:25 I actually had originally asked ChatGBT to summarize what the article was about before I read it and ChatGBTGPT said it's like it's a generic commentary on Silicon Valley funding efforts with a statement about Peter Till being gay so I was like that seems a little bit a misinterpretation. It seems too light on the gay thing and too heavy on Silicon Valley thing given the title. So actually when found the article itself in
Starting point is 00:07:56 Reddit, it's actually really, really short. And I don't agree with Chad GPT's interpretation of it. They literally just wanted to out Peter Thieless gave. And then they wanted to kind of add the wrapper around it by saying VC only, VC capital, Venture capital only funds straight founders because they're homophobic, which is why Peter Thiel's in the closet and he should come out of the closet so that everybody knows it's okay to fund gay founders. That was kind of like the gist of it. So my take on that was first off, even if it's true, why out him like that?
Starting point is 00:08:32 Especially given the fact that the sources were like some guy who is anonymous and some, you know what I mean? It was a shitty way to do it first and foremost. Secondly, this is San Francisco they're talking about the most famously gay-friendly city in the world. I don't know how much prejudice there was against gay founders. Like, it seems that for the most part, like, these people are just worried about making money. Like, I don't know if that was, like, their primary issue. I think, hold on, I'm sorry.
Starting point is 00:09:02 I think it's a little bit of a little bit of, yes, I agree with you that, like, they just want to make money. so who cares, but also like the amount of VC capital that goes to like women founded companies is like 2%. You know? So like this was like straight Jews, helping straight Jews just like by association.
Starting point is 00:09:28 Yeah. Yeah. I mean, that could be a discussion around like sexism. But like yeah, but that's what I mean about like, you know, probably the reason that they just like didn't have a lot of gay people is that like there just weren't a lot of gay people around. They are like, Yes, they were in San Francisco, but not in their, like... In their circles, you mean? In their circles, yeah.
Starting point is 00:09:46 So I can see your perspective on that, but they also went out of their way to publicly out other people. They actually outed the married CFO of Condi Nass around this time as well. Oh, Gawker was doing this? Yeah. Oh, yeah, Gawker was shitty. That's so, yeah, you're totally right. Again, like, sure, make your point around, like, misogyny or whatever. Yeah.
Starting point is 00:10:09 But the article wasn't about that. The article just wanted to out someone very publicly because they knew they would get clicks. And their behavior kind of showed that because, again, they outed a lot of other people besides just Peter Thiel. They just happened to do it against the one guy who has insane amounts of money and has a very long-tale view of like vendettos. That was like the only distinction. But let's put it real quick to Hulk Hogan, which is a very long deal. weird hardship but you kind of set this up what a fall from grace dude i used to love holkogan everyone did oh my god i know when he when he came out as like bad during the nw o years i was just like
Starting point is 00:10:56 hulk don't do this go back he had part of his beard was like black or something yeah like the mustache was yellow uh yeah um but anyways so on the hulk o'gogun at front so It's going to also provide some background context on how Peter Teal's revenge kind of dovetails into Hulk Hogan's life. So in 2006, Hulk Hogan was filmed having, he had filmed, he was filmed on a sex tape with a woman named Heather Clem. Heather was married to a guy whose legal name literally is Bubba the Love Sponge. It's like the most Florida story. No. he was a radio personality i forgot what his name was i think it was like todd clemer or something
Starting point is 00:11:45 and then he changed it to this um so apparently again this all having a forda so that helps the context all three were friends and um this was around the time that hogan's marriage to linda bolia uh of 24 years was coming to an end so it was like from what i read from like his accounts of it he was in like a really fucked up headspace his kid had literally just killed his his, like, best friend and, like, a car accident. Like, he was going through. Oh, yeah, yeah. I forgot his kid had that, like, drug driving thing.
Starting point is 00:12:15 Yeah, yeah. He was going through, apparently, like, a lot of this point, which, like, also I remember here, and that was, like, like, dude, like, can you imagine, like, you literally kind of invented, like, an industry around, like, wrestling is, like, an art form. And you worked so hard to make all this money. And then you just had this dip shit kid and fucking, like, just, like, literally. so depressing. Always. There's always some idiot kid. That's the thing. That's the thing with
Starting point is 00:12:43 dynasties. You can't have one because kids are stupid. You're going to have a dumb one in there and you can't do things based on like your family lines because people be stupid. Yeah. It goes to show like just always try to make people create their own world and don't give them a world because it'll fuck it up somehow. Anyway. So anyway, he's going through his divorce with Linda. Again, wife of 24 years and she had apparently already moved out they were already in the middle of like basically getting divorced but she hadn't actually filed yet she wouldn't file until 2007 so what we're talking about here happened in 2006 um Heather so this was like before Peter Till was even out it so like just for context time time wise so uh I wrote down that Heather and Bubba were typical
Starting point is 00:13:32 Florida single swingers just fit you just look at the pictures you're like yep that exactly what a swinger in Florida looks like. That is it. And they had proposed that Hogan and Heather, the wife, have sex with Bubba sort of recording, but nobody really knew that. So according to Hogan, again, he didn't know that he was being recorded, but either way, our recording came into the possession of Bubba of Heather and Hogan having sex. It's worth noting that the recording was made in Bubba and Heather's house. And so it looks like he had like cameras playing. around his bedroom like to record and so it's feasible that hogan actually didn't know he was being recorded but that's how that's how we ended up with reporting so ultimately bubba ended up burning a
Starting point is 00:14:18 CD that he literally titled hogan on it um it was a DVD and he kind of tucked it away some way somehow this recording came into possession of a gocker editor and writer named a j Dollar Rio who on October 4th of 2012, six years after this event happened, published the tape on Gocker's site. So Hogan was obvious
Starting point is 00:14:43 Yeah. Yeah. So Hogan was obviously very, very upset about this, and he sent Gawker a cease and desist order to remove the video, which was refused by Nick Dent, the founder. In a later tape deposition, this is so bad. This actually came out in court.
Starting point is 00:14:59 This is really, really gross. So in a later tape deposition of um the journalist that a j guy mentioned earlier who had published the video and written the article around it he was recorded during his deposition saying that he would only find a celebrity sex tape not newsworthy if the subject was a child under four years old yeah gross pieces of shit yeah so we're going to get a little into like legal nuances here but it's kind of simple and kind of basic, so we'll just hang with me on this. The starting point is the distinction between federal and state court jurisdiction. So the federal court system was, has seen kind of here in the side cases that have to do with federal law.
Starting point is 00:15:42 State courts have to do with state law. That's basically the justice of it. So here's the thing. Hulk Hogan isn't a real person. It's a character. Right. So the man who plays Hulk Hogan, whose persona is Hulk Hogan, is a man named Terry Bolia. originally Hogan filed suit in federal court under copyright infringement
Starting point is 00:16:00 which is just federal case because they heavily advertise the video as being of Hulk Hogan because really like if you're Glocker and you're like doing this for SEO persons who should who's looking up Terry Bolli and nobody is that the whole Hogan is a draw right so the question of how successfully this can be turned on the fact basically how successful is ceasing the assist in the suit could have been was basically turning on the fact of whether Hogan himself had basically created this persona and held this persona
Starting point is 00:16:30 out there as being his true self, in which case it would be considered a fair play. If you recall, he had a show called Hogan knows best. Like a reality show of this family. Yeah, like anything you've ever seen of Terry Bollia, I think is just Hulk Hogan, right?
Starting point is 00:16:47 Like, he's just flexing his muscles, ripping a shirt off. And like, the persona and the character, despite the fact that they're like copyrighted and IP protected. items like it's still it's just like that's who you are yeah you are like nobody knows who terry is we all know so my comparison my analogy to this is basically like if you look at like what is acceptable with an IP law to do um with somebody that's a public individual is look at any presidential election we ever had in this country where you have just random people
Starting point is 00:17:18 talking merchandise that has a candidate's name and image and likeness or whatever on there those people aren't asking for permission for those things because they don't have to it's considered a fair use like you're too public of a person to own the right to your name basically is what it essentially amounts to so basically that suit in federal court went nowhere because the court was like hey you're too public this is not a cover infringement like whatever we're not going to we're not holding in your favor so he ends up deciding to file suit against cocker in his home state and that would be Florida. And the first course of action was an injunction by the judge
Starting point is 00:17:58 to immediately remove the video article and comments that Gawker had published. And to their credit, they did remove the video. They left a comment and the article up, and they also redirected site visitors to another website that also contained that video. And their argument was that this was their first amendment right, and they don't have to go any further than that. So eventually the case goes a trial and the question of whether this
Starting point is 00:18:23 infringement into someone's private life for public consumption arose to whether it was newsworthy or not. And in this case, the actual question was whether seeing Hulk Hogan naked was of any news value or not. And
Starting point is 00:18:38 the jury ruled in favor of Hogan and awarded him a ton of money. He ended up getting $115 million in compensatory damages, $60 million, $60 million, in emotional distress and 25 million in punitive damages. So in total, it's $200 million. Wow.
Starting point is 00:18:56 For context, in the preceding years before this judgment, Gawker's parent company earned revenues in the $30 to $40 million range. Right. Total revenues, not profit, like just total revenues. So they didn't have $200 million kind of sitting around. So Gocker obviously appealed the verdict and the judgment, and both of those were thrown out court. Hogan would actually sue Gocker immediately after this again after this because what ended up happening was that as part of like the discovery efforts for this sex tape trial, there was also
Starting point is 00:19:31 recordings of him saying the N word repeatedly. And like, yeah, about like someone that his daughter was dating. And that ended up getting leaked through the National Enquirer. But again, during the discovery phase of the original trial, it was found that Gawker had obtained. the tapes and sold them or something to national like they were still involved in this in some way so long story short as far as that part is concerned that resulted him getting fired from the wwe it did what it did to his reputation all the stuff that kind of comes along with that shortly after the judgment was affirmed gawker filed for bankruptcy um and so did nick dent and the founder uh it was actually sold for pennies on the dollar to univision because gawker
Starting point is 00:20:15 was part of gawker media and they had held Jezebel and they have a ton of different digital properties. Ultimately, the Gawker brand through their bankruptcy proceedings would settle with Hogan for $31 million on the original judgment. So where does that leave us with Peter Thiel in the PayPal Mafia? He financed the whole thing. He spent $10 million of his own money just to pay the lawyers to facilitate the bankruptcy of Gocker
Starting point is 00:20:49 because they out of him 10 years earlier he actually stated this is a quote that his financial support in this case is quote one of my one of my greater philanthropic things that I've ever done end quote and the general feedback on the outcome
Starting point is 00:21:08 of this case is a bit split with some saying well fuck Gocker there were scumbags and what they were doing was shitty in others saying it's kind of like a free speech we've had debated this before between the two of us that like I kind of tend to be more about like free speech than anything else um well i think it's freedom of speech not freedom of consequence from consequences totally well also like freedom of speech doesn't also mean freedom to do anything right like you can't defend people you can't publish like like sexual content without consent like well yeah yeah yeah you can but then there's going to
Starting point is 00:21:41 be consequences right right you know you can't claim like that is my free speech you you you you know like that doesn't mean that you can't that you aren't liable for something because you can't do they shouldn't do that you know just consequences so what are we are we pro gocker going bankrupt um yeah i think they were doing a bunch of shitty things and that was a real it was a weird time in celebrity gossip like all those celebrity i mean the internet was like new to that as a thing and it's obviously such a huge thing so you're you're peres helton yeah I mean, he was similar in a similar vein. Absolutely. But I just love the idea of this guy, just sitting there brooding for 10 years, waiting for the moment.
Starting point is 00:22:29 I love it. But that's like a more serious story about that involves a Phaeyal Mafia and kind of the consequences of like kind of being in their orbit or in a negative way. This one's kind of like a sillier, funnier one. And I'm going to end on this. so this one also reminded me of like the incredibly vast difference between people like us in the
Starting point is 00:22:56 multi-billioner class i'm gonna i was i wrote this down that i'm going to think of this example the next time taylor gets pissed about billionaires not using their money to buy school lunches from poor kids because it's just like it just shows like how different they are so in 2022 Tesla shares were worth around $400 a piece, as we've discussed before, and everybody in the world knows Elon Musk was the founder, or not the founder, but he was basically the guy who got Tesla where it's at. So you have Tesla shares of $400 a piece. You have Elon Musk who had already crested the $200 billion range.
Starting point is 00:23:31 He'd become the richest man of the world at that point. Then you have Bill Gates, who was formerly the richest man in the world, whose net worth in 2022 was $129 billion. So you have a lot of money being kind of flung around. Bill Gates, obviously, is very famously involved in climate change initiatives, and this is really interesting. It goes to the psychology so much, because electric cars are, like, obviously not dependent on fossil fuels, and they don't emit carbon emissions, and, like, and Tesla is the biggest
Starting point is 00:24:04 manufacturer of them and kind of created the industry as a whole. And so you would think, like, in any other situation, these two would be, pretty friendly about things and you'd be wrong about that so around 2022 in an interview bill gates mentioned that he took a short position against Tesla yeah you mentioned this yes it a short position means borrowing shares that you then sell anticipating the price to go down so you can buy them back and give give the shares to the original owner and net the difference so for example if you if I just borrowed a hundred dollar share off of you I sold it. Then the price of that share dropped to $80. I'd buy that share again. I'd give you your share back.
Starting point is 00:24:47 Then I'd pocket the $20. That's what it is. But these are billionaires. And they do things a little bit differently. So Gates actually ended up shorting 1.2 million shares of Tesla worth half a billion dollars. Wow. You spent $500 million just to short Tesla, which is a really bad look, right? Because someone like Gates does this, like it makes everybody thinks that think that he knows something like it people like this can move the stock individually which is crazy um so this is where again i have a super hard time kind of understanding how billionaires think because uh despite having taken a hugely disadvantaged disadvantaged position against tesla there's a series of text messages that are
Starting point is 00:25:35 that were screenshoted and uploaded to twitter by someone musk and gates both said that they weren't the ones that did it. But essentially it amounts to Gates texting that he had just landed in Austin because he was going to be touring. So what happened was that his son is a huge fan of like SpaceX. And so he was going to tour their production facility. And then this, it starts with I landed. Then it's like a day later. And you see that the follow up to this meeting that they had in person was Musk messaging Gates saying, do you say, do you say, still have a half-fillion-dollar short position against Tesla. And then Gates replies, sorry to say, I haven't closed it out.
Starting point is 00:26:16 I would like to discuss philanthropic possibilities. Must replies was, sorry, but I cannot take your philanthropy on climate change seriously. When you have a massive short position against Cessla, the company doing the most to solve climate change. Walter Isaacson was in the middle of this because he's interviewing, he's doing like pieces on both of them. And so he's quoted as so incredible. he asked he asked gates he goes why did you short Tesla and then Gates goes because I thought that the EV supply would out outweigh the demand and then Isaacson asked him again he's like yeah I get that so why did you short Tesla he just couldn't he just couldn't understand like yes so I'm super under the climate like protecting the climate but I'm also doing this thing and the end of it like
Starting point is 00:27:08 I'm going to do it in like my way and I'm going to make money also. And I yeah, that's what I, he was like, dude, he wasn't thinking. He's not thinking about fucking climate change.
Starting point is 00:27:17 He's not a hundred million dollars he's going to make when his short position pays. But I'm like, you're worth $129 billion. Do you really need to make $100? I don't, I so don't understand this. And then there's another comment that he published.
Starting point is 00:27:30 Isaacson would say around, around Mus, saying that he would, he'd really hope that Gates wouldn't be an asshole. It was disappointed. it and that he thinks he's like a phony about this about all his climate change initiatives because of how he kind of positioned his short against Tesla and I think I mean it's it's it's it's funny it's so petty because on the one hand you have Elon who's you know there or Elon and Tesla
Starting point is 00:27:54 would find despite the short position and you have Bill Gates and it's like dude people are like constantly criticizing your intentions and like like saying all this negative shit about your your philanthropic efforts and like you do that stuff like this like it's just like a really simple but stupid example of like billionaire pissing mattress which i found exactly what it is yeah so so that's it i mean they they basically from what i understand have no interaction socially whatsoever yeah i mean like must never donated there was one there was one commentary from isaacson about must be must talk to gates and saying out of every dollar donated to like non-profit or philanthropy only 20 cents actually goes to the
Starting point is 00:28:36 which I don't know where you get that number but I mean that doesn't sound insane it depends there's like there's a lot of like watchdogs or non-profit so a lot of them are really really bad like the Susan G.comin one the one that does breast cancer
Starting point is 00:28:52 that makes everything pink was that like four cents goes yeah it's like four cents to the dollar it's so bad like there's some of them are so bad so there are people who who would have brand not a check but very shady very shady um which again i don't know what the hell bill gates does
Starting point is 00:29:13 i'm just like amazed at like he's so pro-climate change or anti-climate change and then he does that and like walter isaacson's story around this when he was talking to bill gates he mentioned how bill was just like perplexed and he doesn't understand why he would short the stock he's like i'm going to make like a hundred million dollars like why wouldn't they he just never connected the dots which further indicates. I don't know. I don't know. I'm not a conspiracy theorist, but I did find it interesting that like there's so much chat about him being foolish about philanthropy. So I don't know where to put that, but yeah, that's it. That's my story. That's John Howard. I'm in the I am Googling Bill Gates. He has donated to other electric vehicle saying,
Starting point is 00:29:59 I think he just hates Elon Musk. You also reached out to him to maybe after he met him he was like me so so it was dear so what the creology of events was that he went to austin for a son to to visit the space x factory they did the tour they did all this that's when he hit him up for money and that's when elan was like hey i'll i'll donate but i'm not going to do some generic charity that's going to like take 80 cents out of every dollar that's taken or given And what happened was Gates apparently said I have five friends I'm running right now, about $100 million apiece. And what I'm going to do is I'm going to send you a prospectus on how every dollar
Starting point is 00:30:45 is spent for these five funds. And what happened was Elon Messaged him and was like, are you shorting Tesla for half a billion dollars? You're like, yes. Like someone told him after he had like talked to him about the thing. He was like, fuck you. Yeah, he's like, fuck you. Yeah.
Starting point is 00:31:02 It's like, yeah. dude i wish i i wish i had oh man to have to do a a 500 million dollar fuck you to someone um yeah for the sake of it how nice would that be because he could actually lose all of it like he could in theory lose all of it right like if he's totally wrong and he sells the stock and the stock fucking doubles which it actually did so what what walter isaacson said is that in total gates lost about three billion dollars of his own money on shorting tesla wow yeah so anyways what did you what did you learn googling uh bill he did he does he invested in another um like a small company called mangrove lithium for different batteries and um he owns a Porsche
Starting point is 00:31:54 Takan which is apparently a Porsche electric car not he's he's a huge Porsche guy from what I understand. He and like a few other billionaires with a reason why this one Porsche called the 959 was legally allowed to be important in the United States because he just one-a-one to drive on the road. And he like spent, God knows how many, how many tens of millions of dollars to get that run through. They just do so many things. It's just incredible. Wild. There's a barrier, you know. No barriers. Like I have something I'll see something that's like a fine for something like littering or drinking on the street is just like it's just like a well it could be like prohibitive to a poor person for a rich person it's just like what it costs to do that you know what I mean like like if the the cost of like parking your car in a place you're not supposed to park it is you know a thousand dollar fine a poor person will not do it but a rich person will be like oh I'm going to park here it costs a thousand dollars you know it's worth my time to spend $1,000 on this
Starting point is 00:33:00 than to be 10 minutes late to my meeting. Yeah. Yeah, there was one story I remember of Larry Ellison, the founder of Oracle, about how he ended up paying. He ended up, he bought like some crazy jet.
Starting point is 00:33:11 He bought like some mega or something, like something that he probably shouldn't own. And he wanted to land it somewhere that he shouldn't have. There was illegal to land in. And he was like, it was like a quarter million dollars. He's like, whatever,
Starting point is 00:33:23 just fucking land a plane. Like he just, he's like, I'll take the fine. Just so it can even go. It's just like, just like, just different. negative twos.
Starting point is 00:33:30 Yeah, exactly. But good for them. I mean, I would do it too. I'm going to name the highway outside of your house, the Taylor Pinero Highway. I prefer if you name it the vengeance highway, but that works too. Anyways, that's my story.
Starting point is 00:33:52 Yeah, I found it kind of interesting fun. The Gawker thing was really interesting. I forgot about that. What happened to Hulk? I mean. Did he spend all that money? Is that what happened? From what I understand, his divorce from Linda was like stupid expensive.
Starting point is 00:34:14 Also, he has like a complete, useless, spoiled bratty son who like he has stayed thereof. His daughter, Brooke actually ended up getting married to like some professional NHL players. So, like, I'm sure that, like, she's fine and not, like, a total rat. But, like, the son raised the way he was raised and having done things that he's done, that sounds like a, like, he just has to be supported by his dad forever. Yeah. Like, a Chet, Hank's, Tom Hanks, the idiot son. Does he do anything?
Starting point is 00:34:50 No, he, like, kind of rap sometimes, and it's, like, really weird and awkward, and he's terrible. Have you heard any of them? I feel like, no, but I've seen a couple of, like, the, his like Instagram stories and he talks in like a I'm going to say talks in like a Jamaican accent far as it's terrible you can't pass it off when he does on hanks it's real bad Colin's great I like Colin
Starting point is 00:35:11 we do yeah we're pro Colin anti-chut every family has a chut that's true too um sweet do you have any listener mail for us I do not um
Starting point is 00:35:27 no I don't not this week wait I like someone oh um we send on our newsletter and that uh was fun so thanks anybody who wants to get that it's like a recap of our episodes for the month you can sign up on substack and the link is in our profile in our on our link tree sign up please again we need I'm living in my childhood room We need the money. You're visiting your parents for like two days. You're not living in your childhood room, but. I'm alive in here, aren't I?
Starting point is 00:36:05 But I see that you're traumatized by your weekend, so you can have it. Anyways, if anybody has any tips and advice for how to mentally recharge your batteries after spending a ton of family time, please write it right to us. You have to philpot at gmail.com. thank you Taylor that'll be it all right I'm going to go cut off

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