Pivot - Apple vs. Epic battle escalates, GOP’s Section 230 legislation, and a listener question on Chipotle conscious consumerism

Episode Date: September 11, 2020

Kara and Scott talk about Apple's countersuit filed against the video-game company, Epic. They also discuss Republican Senators' new legislation to amend Section 230. In listener mail, we get a questi...on about conscious consumerism and the brands doing it well. Scott has more predictions for Shopify. We are conducting an audience survey to better serve you. It takes no more than five minutes, and it really helps out the show. Please take our survey here: voxmedia.com/podsurvey.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:01:07 Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network, and I'm Kara Swisher. And you sure are, Kara. This is Scott Galloway. The Costello to your Abbott, the Regis to your Kathie Lee. No, you're Kathie Lee. I don't know, in what universe would you not be Kathy Lee and you not be Costello? But let's not go into it.
Starting point is 00:01:28 I am so Maurice Gibb in this stand-alive relationship. No one knows that. None of the young people know that reference. Let's try to make more. You know, they wrote, the Bee Gees wrote,
Starting point is 00:01:39 when they were shunned from the world for disco, they wrote all the songs for Kenny Rogers. Actually, very talented people. I met Maurice's son in Miami. I don't know how we're talking about the Bee Gees, but keep going. It's always appropriate to talk about the Bee Gees.
Starting point is 00:01:53 It's never appropriate. I happen to like the Bee Gees, but not many people do anymore. That was in the last century, kids. So in case you want to have a reference, you might enjoy the Saturday fever soundtrack. It was a very good movie too, actually. But let's move on to more contemporary issues of trouble. The Woodward interview with Trump. Oh my God. Oh my God. What do you think? As a fellow journalist, what did you think? I, there's, you know, there was an interesting story in the post about whether he should have said something. Woodward should have said when Trump, you know, here's what I, here's what I came with. We can debate that in a second. Trump sounds very intelligent on those,
Starting point is 00:02:29 on those tapes, right? He knows what, he knows the science. He understands it. He's not this oaf, this sort of like person of the people oaf. He's a New York sophisticated elite, and he understands the repercussions. He understands the problem. He's appropriately concerned. His stuff around Kim Jong is all about his ego, but that was what really struck me. So therefore I'm like, you're even worse a person, you know, the problem and you absolutely mendacious, you're a mendacious liar with, with, you know, he lied and people died. That's what a lot of people are saying. And I agree. Like, this is really, I don't know if it'll do anything to hurt him.
Starting point is 00:03:09 But boy, what an astonishing thing to do. What do you think? Yeah, if he'd said, if he'd said, look, we need to play it down to keep America calm. But at the same time, we need to behind the scenes rally the troops and all resources and the full force credit and horsepower of the federal government to attack this. I think it would have come off looking good. Instead, it was like, let's just downplay it. Yeah. The word downplay is not a good word.
Starting point is 00:03:35 And then what feels cooked to me, but in a very strategic and thoughtful way, is it feels to me like, I don't know if it's a lamestream media, but essentially if you look at the last two weeks and a lot of the controversy around the story was that it was delayed, is that they are every week hitting him with something and putting him on his heels. And I'd be shocked if in about somewhere the middle or end of next week, just as this story is starting to lose its oxygen, something else comes out from another credible journalist. I think they're just going to hit him every week. And I wouldn't be surprised if we find out post-election that they were coordinating. Oh, no.
Starting point is 00:04:14 Come on. That's ridiculous. I've never coordinated with another media organization. That's insane. You don't think that's happening? No. No. Thank you, Mr. Maga.
Starting point is 00:04:23 Like, that's what they – that is like a theme. I don't think there's anything wrong with that. We don't coordinate. Thank you, Mr. Maga. That is a theme. I don't think there's anything wrong with that. We don't coordinate. There's no speaking. In fact, there's a lot of competition inside newspapers. Isn't holding the story until 60 days for the election coordination? There was a really good Margaret Sullivan column about this, and I agree that it's definitely worth the discussion. He's a book author. He's not a day-to-day reporter at the Washington Post. And so I don't know. As a person, I couldn't have kept that to myself, right? Ethically speaking, if I knew the president knew about this, I would have put it out right away. I don't think I could
Starting point is 00:04:59 have. I would have been like, wait a minute. He said something that's very pertinent because people can die because of his PR strategy, essentially. And so I would have said it. He's a booker. He keeps all his stuff. You know what I mean? I think what's more interesting is his sources. You can tell who his sources are by listening to it, right?
Starting point is 00:05:18 Oh, really? Because all the generals are sort of described as hard but soft. You know what I mean? Their backs are always ramrod straight woodmore is a former military person he obviously has a great regard for the military so it's clear it's all the whole bunch of them you know that are that are sort of turning uh turning trump in and presenting the dangers of him what's interesting is that it's also comes with a michael cohen um book which i think is even more accurate about Trump, right? You know,
Starting point is 00:05:45 even though he's a, what happens when a liar tells the truth? Like that's the problem, like a persistent and pernicious and awful, you know, it sort of reminds me of the mob when they turn on each other, right? So he's the lower guy, you know, who turns on the boss. That's really what's happening there. And so I believe him a lot more in that, especially about racism and some of the other sort of cynicism. And then I've been reading of all things, Melania and me, the Stephanie Walcott Wolf or whatever her name is, um, which is also very, you know, truthful. Like you, like this is, these are people who sort of decided they're going to go all in with people that were awful and then they get kicked in the teeth by them and i don't
Starting point is 00:06:25 reward them i think it's awful they're cashing in but at the same time there's a sort of like sad pathetic truth to the these stories and which is essentially a grifter mafia family um that what was the most surprising thing you read about in milani and me that's a book i just can't it's really well written whoever it could be the best in the world i just can't. It's really well written. It could be the best in the world. I just can't. I have too much male ego to be seen reading Alani. Her persistent enthusiasm of being on the inside, like, and then always getting, like, the wrong table. Like, you know what I mean? They always, they treat her like a servant, and she is, and not realizing she's a servant to them. and she is and not realizing she's a servant to them.
Starting point is 00:07:06 I think that feels like she's a friend when actually it's this sort of weird convenience for them. The sad emptiness of these people's lives, social lives, I think, is really sad. It definitely describes a way of life in that New York scene that is very accurate. You know what I mean? And this woman's obviously not stupid. She did the Met Balls. She's one of these sort of strivy new york ladies who was in society who's
Starting point is 00:07:30 a little smarter than the rest of the society ladies um and so it's it's it's sad it's sad it's sad empty lives of getting your hair done and your face fixed and you're you know what i mean like that i don't feel sad for Melania Trump, but, and also that Melania Trump is obviously much smarter than any of us give her credit for, you know what I mean? Like her, her calculation is so, and protection of herself and her son is really interesting. Anyway, that that's, and the, and the Michael Cohen one, which I'm sort of leafing through, um, you know, just, he's a mafia. It's like, I'm reading the, you know, John Gotti's the guy who turned on john gaudy whatever that guy's name was um and it's completely accurate he you know it's completely
Starting point is 00:08:10 i mean even though what happens when a liar lies and then and this one the woodward one obviously has the gravitas of woodward who which he carries with him i think what was sad about that is trump thought he could sort of beat woodward at his own game. And then they all turned, they're turning on Lindsey Graham now. I guess Tucker Carlson outed Lindsey Graham as the person who pushed Trump to do it. And you say outed and Lindsey Graham. I expect something different. I'm not talking about that. I have no idea if the man is gay or not.
Starting point is 00:08:39 Oh, I'll believe the correct view. And it doesn't matter. And it doesn't matter. I feel like outing in any form is wrong. So anyway, so it's just the whole thing. Yeah, you're right. But it does give Biden five more days every time, correct? So he can't really mount his other parts. Look, I got to give it to the Biden people. I think they are strategically, I think they basically, I don't know if it was Obama or Hillary said, okay, here's the A team. Here's your head of strategy. Here's your head of communications.
Starting point is 00:09:10 And we're going to hit them every week or every nine days on a cycle with the following. And this is how we're going to, you know, these are the things we're going to go. I think they've so far run a really strategic, thoughtful campaign. And even the stories around, I don't know if you saw in the latest news cycle, they were obviously pumping the stories that his fundraising is seriously lagging, Trump's. And that indicates, that's a quality cue, right? It indicates that, okay,
Starting point is 00:09:36 that the campaign is not going well and America does to a certain extent vote with money. And it's an indicator, it's a lagging indicator of how the campaign is going. Yeah, we'll see. We'll see what stops him. I just think he constantly bites when people attack him, which is really a good thing for the Biden campaign. And there's no strategy there. And therefore, they're just constantly putting out fires, which he likes. That's actually his preferred way of behaving. Let's go to another story. Speaking of Trump, TikTok, it has this looming deadline of September 15th.
Starting point is 00:10:06 As nothing's happened, I was talking to all the principals this weekend. I sort of pinged them. And they're all like, I don't know. Like, I don't know. They're waiting for ByteDance to decide. I think, as you've said, ByteDance is sort of running out the clock, hoping that something will happen along with the lawsuit. So I think we're right about this, Scott. I think we're correct. Yeah, I'm trying to think. I think the only people who
Starting point is 00:10:32 are wasting more of their lives than the bankers working on this are the people who still commute down the 280 to go to work on Facebook's LibraCoin. I'm trying to imagine. Remember LibraCoin? No, but go ahead. I hope some people are listening on their commute. I just want you to know that when your grandkids asked you what you were doing in the summer of 2020, you should say absolutely nothing. Those are moments and efforts and history and months that I will never get back. And then I got transferred to the portal team such that I could have a millimeter of relevance in this world, the Facebook portal product. I remember that. I remember the dating one.
Starting point is 00:11:11 There's all these really interesting different biases or cognitive biases. I tweeted it. I thought it was genius, and I'll find out who put it out. And I'm guilty of about 80% of them. But I would bet that when the top bankers and the CEOs of Microsoft and Oracle, somebody approaches them about buying TikTok, because they're involved, they think that it's going to happen. And I think Xi Jinping has absolutely no problem wasting their time. I think if you and I or somebody has an idea for a company for Microsoft to buy and you call Satya Nadella, you immediately you immediately think do not waste this guy's time yeah if he gets a call he assumes anyone on the other line is serious about selling that asset I think the Chinese premier is like
Starting point is 00:11:54 yeah I don't mind wasting their time yeah Tom are serious they're waiting the whole thing out but again two weeks ago two weeks ago they leaked that oh maybe in the next 24, as early as the next 24 hours, a suitor will be, or the acquirer will be announced. Well, there is this date. Which will be, you know, we'll see. Wasn't it extended by a court? I don't know if they got a delay. Didn't they get a delay? We'll find out.
Starting point is 00:12:15 We'll find out. Anyway, speaking of a related thing is that these companies aren't as rich as they were. SoftBank, reportedly the NASDAQ whale, Masasan is the Nasdaq whale, the company lost $12 billion in big tech bets. They looked like they were the ones pushing up these stocks, not just us. It was SoftBank and others. Assess it very quickly. We've got to get to the big story, but what do you make of this Nasdaq whale situation? Well, first off, when we talk about the Nasdaq pullback, it's pulled back to where it was about two and a half weeks ago. I mean, it's not everyone, the media loves to say, oh, Tesla off 10%. So what? Tesla's up 280% year to date. So the pullback is all, you know, it's all relative.
Starting point is 00:12:58 The most fascinating thing about SoftBank being the NASDAQ well, and that is they purchased $4 billion in options, kind of notional value or control of $30 to $50 billion of stock, is not that size of it or that they're controlling the market, because they're actually, the real analysis shows they were less than 10% of options volume. It's that it might be an indicator of one of the most dangerous smells that we really haven't, that hasn't been this stifling since 99, and that is hubris. And that is, imagine, well, it smells like a guy who made the most successful investment in the history of the
Starting point is 00:13:37 private markets. He put 20 million into Alibaba and he got a hundred billion back, believing that his corporation that is a telco is now in the business of trading options. So imagine if Gina Rometty at IBM, it came out in an earnings call that she'd been playing the options market with $4 billion of IBM shareholders' money. And the question is, the people, the shareholders of Top Bank are probably thinking, boss, I can play options on my phone. This is like Masa San. He always does these kind of, like his, the thing with the Saudis. There's a lesson here. And that is if you're in your parents' basement and you took that stimulus check and you levered up and you bought a bunch of Amazon and you bought a bunch of Tesla when you got your stimulus check
Starting point is 00:14:15 three months ago, and you've turned $1,200 into 7,000, you need to realize it's not your fault. And you need to be very careful starting to believe that you are good at this and you should start buying options. This ends badly. And you have it at one end of the spectrum with young men in their basement making really stupid financial moves that almost never work well in the long term. And then on the very other end, you have supposedly the smartest guy in the room taking capital and playing the options market. He's always making screw-ups. Look at, he's the WeWork guy. He's the one that spent all the Saudi money. I'm amazed the Saudis haven't like dropped him in the ocean, like take him out and drop him in the ocean. He does this a lot. This is not, this is nothing fresh. I'm telling
Starting point is 00:14:58 you, I'm telling you, Matthew, some are going to find out on his deathbed that he was an agent of the Central Intelligence Agency who was charged with repatriating two decades worth of oil wealth back to the United States. Oh, God. All right. On that note, on that strange. I don't know if it's offensive or not, but I'm going to stop you right there. Season nine. All right. We're going to move on to big stories. move on to big stories all right apple versus epic battle epic being the epic games battle is escalating apple is counter suing the fortnite video game maker apple argues that it's not just the custodian of its app store but it nurtures its service through regular software updates new features and advertising as a reminder epic is suing Apple for what it claims is monopolistic tactics of the App Store. I mean, neither is backing down. I had a little
Starting point is 00:15:49 discussion with Epic recently. And what do you make of this? What is the point of the countersuit here? They obviously are confident. You don't countersuit unless you're confident of something, or maybe you're not. And what do you think about the brand? I'm sitting here and I'm thinking about, there's this great Gary Larson cartoon. This is a huge digression, but just bear with me. You know how that cartoon works, what you think your dog says, come here, Ginger, be a good girl. And all Ginger hears is blah, blah, blah, Ginger. The two things I have heard so far in this podcast, and I have trouble focusing on what you say after, are nurture. I could use some nurturing right now. And face, getting your
Starting point is 00:16:24 face fixed. You can get your face fixed. So two things I'd like to be nurtured and I would like to have my face fixed. Who fixes faces? I mean, right around the corner from your house in New York, you can get anyway. I'm in Boca Raton, even worse, Delray Beach. Okay. So back to Epic, look, Apple is said, all right, the payments within it's the payment system that basically tries to do an end run around their taxation of their monopoly on the rails. They're like, no, no, no, only we are allowed to do a payment system because that's how we control the ecosystem. And Epic has come in and said, well, what if we sell other apps within our app and take 8% to 12% instead of 30% the first year and 20% the second year is in that competition.
Starting point is 00:17:09 And it's highlighting a really interesting issue. And that is when you have a duopoly over the app economy and someone pops up and says, we're not willing to pay this tax any longer. It highlights this duopoly problem. And Apple is basically an app. I don't think there is a better communicator. As I think about it, the ultimate acrobatic move, slide of hand, whatever you want to call it, in communications was Apple positioning itself as a warrior for privacy because it immediately depositioned Facebook and Google and there was nothing they could do about it.
Starting point is 00:17:36 They have gotten off their heels and said, no, we're not a duopoly. We nurture companies and this is theft. We nurture this ecosystem and you are stealing from us and other apps. It's sort of like the single department store saying, we do the advertising, we clean the store, we make the shelves full. Is that a good argument? Do you think it's bad for their brand?
Starting point is 00:17:56 Well, look, I don't think they're— It's like the company store. They're like the company store. What it highlights is just, again, what Tim Wu at Columbia says. When you have two players and they control— I would argue there's not even two players. For me, it's not a choice. If I lose my phone, I'm not getting a Galaxy. I'm not getting Android.
Starting point is 00:18:14 I'm getting iPhone because I need to signal to other people that I have good genes and I'm a storyteller and that I have wealth. And so really, iOS has a monopoly on the global wealthy. And then if you are increasingly the fastest growing part or one of the fastest growing parts of our economy is the app economy. And one company gets to, I mean, if you looked at every streaming video platform, every one of them from Quibi to Apple TV Plus to Hulu, they all care to pay between four and 12% of their revenues to Apple, even Netflix. Yeah. So the question is, well- Well, they're being nurtured.
Starting point is 00:18:47 It's for nurturing. Yeah, that's right. They're being nurtured. Yeah. Wipe the sweat off my forehead. How many times would you pay me to nurture you? I'm just curious. Oh, I pay you every week.
Starting point is 00:18:56 Are you kidding? Are you kidding? We are the 79th most downloaded podcast in Moldovia. The Moldovians love us. I don't believe you look at those charts. We're 79 in Moldovia. The Moldovians love us. I don't believe you look at those charts. We're 79 in Moldovia. We're also big in the UAE. What's it going to do with their...
Starting point is 00:19:09 Is it a good move to do this? Let me focus you on, and will you see other apps following this trend? We haven't even talked about Google, who's also... Fortnite also has kicked off the Google Play Store, but they're focusing all their attentions on Apple. So what is the brand impact of doing
Starting point is 00:19:25 this? And especially if other apps follow suit? Yeah, I think Apple is handling this. Apple has no choice but to push back hard because it's like if somebody, if there's a rebellion in a small town outside of Glasgow, Scotland, the king's got to go up there and kick the shit out of everyone and kill their goats and hang a bunch of people and send a message to the other the other there must be goats killed i don't know goats they have to do this it's not it's not is it going to have any impact on their brand mr brand expert i need to understand whenever you have the little guy epic and there's something kind of cool and youthful and epic positioning self as a little guy saying that we are not afraid of the big guy, Epic, and there's something kind of cool and youthful and Epic positioning itself as a little guy saying that we are not afraid of the big guy and they kick the big guy
Starting point is 00:20:09 in the nuts. Yeah, it's a brand enhancing move for Epic and it makes Apple look like what they are, a monopoly. So it's not a good look, but Apple has no choice but to try and basically shut down this rebellion because they do not want other fiefdoms starting to get all confident and saying, well, we're going to build our own payment system with our apps. They have to send a strong signal. They have to draw and quarter Epic here. And that's what they're going to try and do. It should end up, again, the app store needs to be regulated. It's just, I can understand the argument against breaking Apple up because Elegant Antitrust maintains stakeholder value and Apple has an amazing brand. It's not obvious how you would break it up. But the apps don't
Starting point is 00:20:47 need to be regulated. And if you look at the fastest growing parts of our economy, social, tech, cloud, e-commerce, in the fastest growing parts of our economy, there's very little diversity in the ecosystem and startups. What will we do? There can't be another store. Or could these people do it on their own? Then it's, you know, all hell breaks loose, right? Well, we can regulate them. Maybe you take down the prices. Maybe you allow payment systems. Maybe you allow other apps or payment systems
Starting point is 00:21:13 within certain apps. And where's Google? Google's sort of sitting quietly off to the side. Yeah, they're just staying out of it. They're just staying out of it. They'll be affected like this nonetheless. All right. So we think it's going to be good for their brand or bad? I still haven't gotten an answer out of it. They're just staying out of it. They'll be effective like this nonetheless. All right. So we think it's going to be good for their brand or bad?
Starting point is 00:21:28 I still haven't gotten an answer out of you. Bad? Yeah. Oh, no, it's bad for their brand. Bad. And if others join. They have no choice. And if others join.
Starting point is 00:21:34 Yeah, they have no choice but to play hardball here and hit back hard. And it's going to make them look like the incumbents or the, you know, the, what's the term? They should do like a flashy purchase of something like Peloton. Did you see Peloton has a new bike coming out with a swivel screen and everything? Splashy. Splashy. Yeah, Peloton's almost become too expensive now. Peloton's being valued at something like $30,000 per user.
Starting point is 00:22:03 It's hard to imagine a user results in $30,000. But anyways, we'll see. Peloton. Apple. You just mentioned Peloton. They can do something over here. We're doing something over here. All right, Scott, we're going to go to a quick break to talk about the GOP introducing Section
Starting point is 00:22:16 230 legislation and a listener mail question, which is about Chipotle. Fox Creative. computer with a hoodie on, just kind of typing away in the middle of the night. And honestly, that's not what it is anymore. That's Ian Mitchell, a banker turned fraud fighter. These days, online scams look more like crime syndicates than individual con artists. And they're making bank. Last year, scammers made off with more than $10 billion. It's mind-blowing to see the kind of infrastructure that's been built to facilitate scamming at scale. There are hundreds, if not thousands, of scam centers all around the world. These are very savvy business people. These are organized criminal rings. And so once we understand the magnitude of this problem, we can protect people better. One challenge that fraud fighters like Ian face is that scam victims sometimes feel too ashamed to discuss what happened to them. But Ian says one of our best defenses
Starting point is 00:23:33 is simple. We need to talk to each other. We need to have those awkward conversations around what do you do if you have text messages you don't recognize? What do you do if you start getting asked to send information that's more sensitive? Even my own father fell victim to a, thank goodness, a smaller dollar scam, but he fell victim. And we have these conversations all the time. So we are all at risk and we all need to work together to protect each other. Learn more about how to protect yourself at vox.com slash Zelle. And when using digital payment platforms, remember to only send money to people you know and trust. I just don't get it.
Starting point is 00:24:11 Just wish someone could do the research on it. Can we figure this out? Hey, y'all. I'm John Blenhill, and I'm hosting a new podcast at Vox called Explain It To Me. Here's how it works. You call our hotline with questions you can't quite answer on your own.
Starting point is 00:24:29 We'll investigate and call you back to tell you what we found. We'll bring you the answers you need every Wednesday starting September 18th. So follow Explain It To Me, presented by Klaviyo. And we're back. Senate Republicans are introducing new legislation to amend Section 230. As a reminder, we talked about Section 230 a lot. Legislation written in the 90s that says internet platforms do not have the same liabilities for content as publishers is to protect them and also allow them to do a lot of stuff we like. The new Online Freedom and Viewpoint Diversity Act, which is probably the worst name I've ever heard, introduced by three GOP senators, including Lindsey Graham, not that there's anything wrong with that, would narrow online companies' legal protections when they remove user-posted material
Starting point is 00:25:19 from Republicans of long-accused Facebook, Twitter, and other social media platforms of using Section 230 to censor conservative views, which is so much codswallop. President Trump signed an executive order in May that requests government review of Section 230, also an empty thing that he did. And the bill does not have any Democratic sponsors because it's stupid. Go ahead. What do you think, Scott? Yeah, so I believe 230, if not, we probably need something to take its place or it should be updated or it should be amended. Who is the really intelligent guy we spoke to about this? Who's kind of the 230 guru? Timu, right?
Starting point is 00:25:51 We had him on the podcast. Oh, Mike Mazik. Mike Mazik. There's a lot of people. There's a guy. There's a number of really smart people on this topic. And they have lots of ideas. Yes. And it just seems, it feels like this should be a bipartisan commission put together with really thoughtful people,
Starting point is 00:26:05 with representation from old media, new media, and these firms to say, all right, how do we update this legislation? But what's strange is they're both coming at it from different viewpoints. Republicans obviously think that there's a conservative bias, and every piece of evidence doesn't really indicate that there is a conservative bias. They never shut up. That's my policy. We need a policy to get them to shut up, but go ahead. But what's difficult to really ascertain is, and this is the danger of Facebook, is we don't really know what's going on because while you can measure what are the most popular Facebook pages, you can't really measure the reach of certain types of content and you can't really measure the outcomes because Facebook won't cooperate with academics around this. So we don't really know what's going on. The iceberg
Starting point is 00:26:49 here isn't two-thirds below the surface. The impact of Facebook is 98% below the surface, the surface being what we know about. And that's what's so frightening about it. And you just get the sense that the more we find out about the true impact of Facebook, the more we're going to kind of, the hair on our back is going to stand up, right? But the notion that this legislation, you go in to try and fix the legislation to do away with some sort of conservative bias seems very strange. So the Democrats, they haven't, as far as I can tell, they haven't proposed. Their legislation doesn't make a heck of a lot more sense. It feels like nothing's going to happen here until after the election.
Starting point is 00:27:21 Legislation doesn't make a heck of a lot more sense. It feels like nothing's going to happen here until after the election. We need some sort of thoughtful, thoughtful, you know, I don't want to call it commission or group that they're a small party. Yeah, I agree. Something thoughtful and, like, cooperative and bipartisan because we know how important it is. I just don't think the Republicans will get off this bandwagon, the Jim Jordan bandwagon of they're so badly treated online. But literally, they don't shut up. They've got lots of places to talk about things. They're all over Twitter and Facebook and everything else. The heaviest users, as Kevin Roos has written many times, of Facebook are Republican points of view, not even Republican, far to the right of most Republicans, I think. And so it won't go
Starting point is 00:28:01 anywhere. It's just a big show pony, really. It's a show pony. Show pony. I get it, yeah. The show pony. It's a show, what are they? What are they? The elephant? It's a show elephant.
Starting point is 00:28:12 A shell-ephant. A shell-ephant. There you go. And also, by the way, years ago, Lindsey Graham was talking to somebody on the internet, and I think I tweeted something like, Lindsey Graham doesn't know how to turn on his cell phone. These are people who have some you know, some of the- Oh, but Lindsey can turn me on with that full head of hair and that Southern accent.
Starting point is 00:28:28 We don't talk about people like that. He's a spicy little squirrel, that Southern Carolina. Oh, my God. Have you seen Southern Charm, by the way? No, what's that? Oh, it's really funny. There's a woman on it who every day, she has a butler, and she's like, it's time for my medicine.
Starting point is 00:28:40 It's a really cute show. Is it? It's the only reality TV I watch. What do you do this? You're always watching weird shows. Why? Why? Well, I got to do something.
Starting point is 00:28:49 Why did you? I have to have my hobbies. How did you find Southern charm? I don't find that charming. It sounds horrible. Oh, it's kind of cute. Do you have any relatives in the South? I do.
Starting point is 00:28:58 I have absolutely no. I have very few relatives, period, much less anyone in the South. Who do you have in the South? My entire family is from Western. They are. Oh, that's right. They're cool people. No, no, much less anyone in the South. Who do you have in the South? My entire family's from West Virginia. They are. Oh, that's right. They're coal people. No, no, no.
Starting point is 00:29:08 That's my other son in the family. That's the Italians. They are coal people. The Italians are coal. The West Virginia people are not. They are not. They are quite. Senator Graham.
Starting point is 00:29:19 No. That's. Senator Graham. He's a little bit. It looks like he's a little bit of trouble down there. We'll see. I think they'll pull through. That would be it.
Starting point is 00:29:30 I think they'll probably pull through. It is interesting how many of them are in trouble, though. It looks like they're in quite a lot of trouble, quite a lot of them from the numbers, especially in Arizona and Maine. It looks like Susan. We can't have Susan Collins to make fun of anymore, which will be a pleasure. All right. Listener mail. We're going to go to a listener mail question for context. Scott, this question was inspired by Chipotle. Your favorite company has started a sustainable fashion brand made from... It's what you're getting for Christmas. Sustainable fashion brand made from recycled materials.
Starting point is 00:30:00 Let's listen to the tape. You've got... I can't believe I'm going to be a mailman. You've got mail. Hey, Scott and Kara, this is Marlee Finnegan from Chicago. How can we as consumers push the fashion industry to better their practices to support environmental sustainability like Chipotle has been doing? As Scott has mentioned previously, resale fashion is on pace to outsell fast fashion in the coming years, and we can only hope that the pandemic has continued to accelerate this trend. Gen Z's biggest fear surrounds climate change, and they also make up over 40 percent of purchasing power. When do you think big tech like Amazon will recognize the need to address socially conscious consumerism in order to continue sustained growth with this important group of consumers. Thanks so much. That is an incredible...
Starting point is 00:30:47 Wow. I did not know about the Chipotle brand. I know. Or the fashion brand. Did you know about that? No, I did not. But now we do. So here's the deal.
Starting point is 00:30:53 This is a really interesting question because, as you have pointed out, a lot of clothing is really one of the biggest problems environmentally, like in terms of we have gases, this and that. We should probably just all be naked is probably one of the ways. But what do you think about this? Does it have a real I don't know. I wear the same clothes since high school. So I feel good about my environmental sustainability fashion choices. This is my son's the T-shirt I'm wearing right now is one of my sons when he was eight. So I feel good. But what do you think about this idea of making it a brand thing and it being important or trend things?
Starting point is 00:31:31 Well, so there's a lot there. The reality is when you buy a little black dress for $9.99, if you were to do any real scrutiny around the supply chain, there'd be probably things you're uncomfortable with. And I always felt that CSR is a tiebreaker, that the majority of the market isn't willing to pay for it. And we always place on the upcoming generation greater expectations around their morality. And I find that every generation, for the most part, wants a Rolex and a house and an Audi. And that they do care more about the environment. And I don't even think of it as being socially conscious. They just realize that when they go outside in San Francisco, when it's orange out, that, okay, something's wrong, that we probably need. greatest arbitrages in history, and that is pulling shit out of the ground and putting externalities in the air such that we could create economic wealth just as we're arbitraging
Starting point is 00:32:29 teen depression and all these things. They are kind of saying, okay, what is the negative externalities of all these arbitrages that baby boomers have gotten wealthy on and how do we address them? But in the fashion community, CSR is mostly a function of, I think it's an attribute that is sort of cool or in vogue. And I've always believed that the only way you really address this, the only way you really address this is through regulation, because the moment a company really makes tangible change around supply chain and materials and energy use and carbon footprint, it's very expensive. And it puts them in a less
Starting point is 00:33:06 competitive position than someone who's willing to come along and not do those very expensive things and reinvest it in marketing or reinvest it in making cooler-looking stores. So, unless, I think these companies, they'll do a little bit of it as marketing, but you can't ask them to disarm unilaterally. The government has to step in. You have to have regulation. So, I don't – the question was, how do we make fashion more sustainable? Yeah, consumers – I generally find there's consumer dissonance here in that as they talk a big game and then they mostly vote with what is the cutest dress for the lowest price with their pocketbooks, that this requires thoughtful government regulation. And the problem is we've emasculated the EPA, the FDA. We've decided the government is no longer worthy of investment. And the problem is there's a lag. It all comes back to the same problem in America.
Starting point is 00:33:58 And then as we have become such short-term thinkers, we don't say, well, okay, if you don't short-term thinkers. We don't say, well, okay, if you don't invest in sustainable technologies, if you don't invest in the EPA and regulations and tax companies right now and make it more difficult for them to spew shit in the air, we're going to pay for it eventually. But does these generations... I don't see my kids talking about it, but is the buying power, is it something that brands will use to like say we are you know we're collecting all these clothes used to be collecting clothes and sending it to the third world if you recall like t-shirts all over the place but the idea yeah that we're gonna like tom's did pretty well and others is there is there like a plus because you know you
Starting point is 00:34:40 saw say mcdonald's all of a sudden saying, we're going to have healthy food. And then really, right? Is it just a branding exercise or more than that? It's mostly just branding. I mean, and Tom's, quite frankly, Tom's has kind of come and gone. Yeah, that's what I mean. Because their shoes sucked. I remember being on the phone with someone at Tom's and I said, you know, we're a culture of innovation.
Starting point is 00:35:01 I'm like, your shoes suck. What's innovative? It's this flash-in-the-pan CSR thing. If you don't come up with interesting products and distribution, it's not going to work. So, look, I'm trying to think of an example of a company. I want to know what you use. What do you use that's sustainable? I really don't buy clothes at all, but that's just because I'm weird. But what I do wear, I literally have clothes from high school that I continue to wear. I don't think of myself as a socially conscious consumer.
Starting point is 00:35:31 I don't. I can't claim that. I would like to be. I like to be more thoughtful about it. I had someone come over and offered him an espresso and he said no. And he seemed kind of like taken aback by it and i guess those pods are i know i know a lot of people have known this for a long time are not very environmentally friendly and i started reading about them i know there's another
Starting point is 00:35:52 thing i can't that i love that i can't use more but look the thing that's going to drive the resale market is really exciting the resale market by 2028 is supposed to be a bigger market than fast fashion and if you look at the second wealthiest family in Europe, it's the family that owns Inditex or Zara. So the amount of wealth that's going to be created by resale is dramatic. And it's not, okay, the free gift with purchase here is that it's obviously good for the environment. But the thing that's driving it is that this new generation doesn't have as much money for the first time as their parents did at their age. So they're fine or they're more open to the notion of saying, okay, I will wear previously worn, I will wear this really cute top from free people that's been worn three times that I can buy for 40% of the price. Whereas before, people seemed freaked or sketched out by it.
Starting point is 00:36:41 Yeah. Well, the real, the real, real and stuff like that. They had some troubles at the beginning of pandemic. That was a growing business. It just added some people onto its board. Do you see that continuing, those kind of things? Because look what happened in the pandemic, right? When you say you see these things continue, resale? Resale, yeah. Like the RealReal, I know, struggled at the beginning of the pandemic. Oh, resale's going to be good. Because it's huge. Oh, yeah. What do you think of something like the RealReal? And then we'll get on to predictions. Well, I like the RealReal. And one of the think of something like the RealReal? And then we'll get on to predictions. I like the RealReal. And I love, one of the things I love about the RealReal is Julie Wainwright, who sat
Starting point is 00:37:09 on top of one of the biggest kind of dot bombs and pets.com has reinvented herself or is sitting on top of an interesting company. So I like her story. I think the RealReal is interesting. I think it's a really neat service. I like the fact that it combines technology platforms and also humans. It's a really great, I've had someone from the real world come over to our house, and it's generally, it's almost, to me, it's like the nice part of the gig economy. It's generally women. It's generally women who need flexibility. I think they get paid a decent
Starting point is 00:37:43 wage. They do. My mom's made $10,000 from it. Yeah, and so it's an opportunity to monetize your closet. I think the gig workers are paid actually fairly well. I think they make a lot more than minimum wage. So I like the company. I'm betting on them. I think, unfortunately, what ends up happening is this is playtime, and you might have a company like The RealReal. The RealReal needs to get acquired because the moment, I mean, for example, and I'm on the board of this company, full disclosure, but Urban Outfitters, with their brands, with their infrastructure, with their consumer base, when they get into resale, as we are, I think that there's just huge advantages there.
Starting point is 00:38:22 And then when Amazon or eBay. Amazon would be an interesting buyer for the real world. That's an interesting one. I agree. I agree. Because the one place. She's an interesting. I did an interview with her. Were you there recently?
Starting point is 00:38:33 You know, she's a pistol. I've known her for a long time. I covered Pets.com. Would you call a man a pistol? I feel triggered. I feel triggered. Did you just say I feel triggered? I feel triggered.
Starting point is 00:38:45 She is an actual pistol. Anyway, she is great. She's a really interesting entrepreneur and has been through a lot. And not just pets.com, but before that had a lot of interesting early. She had one called real.com, I think. Anyway, R-E-E-L. Anyway, yeah, it's an interesting area. All right.
Starting point is 00:39:02 This is fascinating. Thank you for that great question. And I've got the Chipotle closer on their way to you right now. You know, you're speaking of the real, real that's going to make huge, like be monster is what your kids use. And that's, I think it's called StockX. StockX, yes. The vintage shoes one. Yep.
Starting point is 00:39:19 I mean, that thing. We should have that CEO on our show. We'll talk shoes. Yeah. That's a monster. I just bought another pair of shoes for my son. He has like 700 pairs of shoes. All right.
Starting point is 00:39:29 One quick break and we'll be back for predictions. Support for this show comes from Constant Contact. You know what's not easy? Marketing. And when you're starting your small business, while you're so focused on the day-to-day, the personnel, and the finances, marketing is the last thing on your mind. But if customers don't know about you, the rest of it doesn't really matter. Luckily, there's Constant Contact.
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Starting point is 00:41:14 and how do they find their next great idea. Invest 30 minutes in an episode today. Subscribe wherever you get your podcasts. Published by Capital Client Group, Inc. Okay, Scott, last week we did big things for Shopify and Zoom. Give us another prediction. Well, I just want to stick to Shopify. Something in this is more of an idea.
Starting point is 00:41:39 I love that shop. You love those Canadians. How can you not love Canadians? Seriously. I'm going to move to Canada soon enough. Soon it'll Canada soon enough. Who wouldn't want to move to Canada? I mean, literally, when you look at how poorly we've handled the pandemic, it's like, we come up with all these excuses and it's like, well, Canada has all that and they seem to have managed it. But the Alberta-based Shopify has about $114 billion market cap. And if you say, for example, I love the idea of being the Uncola. I'm fascinated.
Starting point is 00:42:07 I'm running a blog post for No Mercy No Mouth. Can you explain Uncola for people? Nobody remembers. Another reference, now that you're at night fever, go ahead. Bee Gees and Uncola. The reason we're attracted to that exotic stranger, whether it's Sophia Loren or Omar Sharif or someone who doesn't look, feel, and smell exactly like the people we grew up with, is genetic diversity helps the next generation be more adaptable because it has skills and genes that are different than ours and also helps us avoid things like hemophilia and Tay-Sachs because if you get two defective genes together, you get it, whereas you're less likely. So the symmetry of your facial features, which supposedly indicate an ability to fight off infection and also a little bit of diversity
Starting point is 00:42:50 are things that, you know, we want to sleep with, we want to have sex with people that have symmetry around their face and come from a little bit of a different background. And that extends into our brand purchases. And about the moment everyone is wearing Nikes, you start thinking, okay, I need to go with, I'm all of a sudden very attracted to Adidas. I need to start diversifying. Did you just say Adidas? Adidas. Adidas-ler.
Starting point is 00:43:12 Adidas. Adidas. Adidas. All right. Okay. Anyways, the dog can be pretentious. A little Eurohound. A little Eurohound coming out from the dog.
Starting point is 00:43:22 Anyways, so. Nike. Nike. Nike, go ahead. One of these really interesting brand strategies is about the moment something becomes ubiquitous and there's no genetic variance in a category where all everyone does is mimic the leader and it begins to feel like the whole space is dockers.
Starting point is 00:43:41 Somebody shows up and zigs to the zag or becomes the Uncola. And the greatest Uncola of the last 10 years was Shopify. While everyone was trying to be more like Amazon, Shopify said, we're going to be the non-Amazon Amazon. We're going to provide infrastructure
Starting point is 00:43:59 and e-commerce and a platform, but we're going to let you keep your data. We're going to let you keep your packaging. We're going to let you have custody of the consumer. We're not going to make money off the data that is... The Uncola. The Uncola. And they built a $120 billion market cap company,
Starting point is 00:44:14 which, by the way, is now, think about this, Shopify is worth more than Boeing and Ford Motor combined. So let's go shopping. I'm fascinated with this. What could they offer? What could they offer small and medium-sized commerce players? Well, you keep saying they're going to buy FedEx or UPS, right? That was the exciting part. What if they said, all right, let's buy FedEx and let's buy Simon Properties, and we can offer every small and medium-sized commerce player in the world
Starting point is 00:44:36 a couple of things. The second best last mile infrastructure in the world, probably second to Amazon, although FedEx would say they're number one. And we could also offer the tens of thousands of small and medium-sized businesses that want to sell stuff, flexible, on-demand, dial-up, dial-down, retail, bricks and mortar, and the best real estate in the world. And I think that would literally be saying, okay, Amazon, we are coming for your ass. And if they acquired both those companies, Shopify would still own 60%. Well, now Simon is buying JCPenney, right, Simon? Yeah, that's a totally different talk show. That's a weird one. That is just weird. And we'll come back to that because it's fascinating. I really like Simon Roberts.
Starting point is 00:45:17 Anyways, but think about how gangster this would be. Shopify X could say to the world of commerce, we'll give you the best last mile delivery. In addition, all the infrastructure online, customer acquisition. And if you're a nomad surf shopper, I just bought my son a surfboard for his 13th birthday here in Delray Beach, we'll give you some pop-up stores in 12 great markets. And instead of having to sign a 10-year lease, you can sign a 10-month lease. That would really be coming for Amazon to vertically integrate up and down. Because another thing, verticalization, and I'm thinking academically because my brand strategy class kicks off in about 17 days and I'm totally intimidated. By the way, Louis Swisher's still at NYU. Wrong you were. And actually, New York is about to open up restaurants indoor dining
Starting point is 00:45:59 because they've been under 1% for 30 days. Just saying. Just saying. Well, I hope it works out, by the way. Yeah. By the way, I'll see you and up you, the University of North Carolina, Notre Dame, the University of Alabama. Agreed. Agreed. I'm just saying there's ways, but possibly, possibly a way, maybe a smart prompt. All right.
Starting point is 00:46:19 Now you're taking the object, but to what end? Why are we risking the health of these communities and then the communities where these kids back to a super spreaders? You're right. Oh, these, all these places are closing. It's just another one. Louis will be back home before you know it. Anyways. Anyways, I'm going to be clear to people. He's liking New York.
Starting point is 00:46:39 Yeah. Yeah. It's actually safer than here. Weirdly enough in terms of numbers. You totally triggered me. You took me off track. We were talking about, oh, Shopify was a prediction. So the real crazy thing here would be if Shopify, FedEx, and Simon all got together and said, Shopify said, OK, let's be honest.
Starting point is 00:46:55 Our stock is overvalued. And FedEx said, let's be honest. These guys, it's going to be hard for us to make the infrastructure investments with capital that's four times as expensive as Amazon. And Simon said, I have the best real estate in the world, but let's be honest, it's real estate and retail is a total shit show right now. Let's create a true competitor infrastructure play to Amazon. They're totally vertical around customer acquisition, technology infrastructure, last mile delivery, and the front end around bricks and mortar where 70% of commerce still takes place.
Starting point is 00:47:22 I like this. I think it would be a really bold, big, big vision. I like your vision. It feels a little duck-billed platypus. It feels a little duck-billed platypus, but okay, sure. Okay. Duck-billed platypus. You know, like one of those animals that's made of all the different things. Yeah, the Greek-ish Frankenstein.
Starting point is 00:47:39 Yeah, that kind of thing. Feels a little like that. But we'll see. I think that it's hard to work together like that. And Amazon's like the army that's just all together. It just moves. You know what? If the British, the Russians and the Americans can figure out a way to get along and turn back Hitler, we can turn back Amazon. And by the way, I am not equating Amazon with Hitler. It's a metaphor. It's a poor metaphor. No, no, no. I'll compare the president to Hitler in a very direct way, but not... I'm comparing Amazon to the Axis power.
Starting point is 00:48:06 Yeah, dig your way out of that one. All right, listen to me. That is a really interesting and smart idea. Have you consulted with them and you want to be on their board? Or what's the deal? No, I know the guys. I know the guys at Simon. They're really smart, thoughtful. I like those guys a lot. And I don't know the guys at FedEx.
Starting point is 00:48:21 And I don't know the guys at Shopify. I hear from them because they're on my email list, but I don't know them guys at FedEx, and I don't know the guys at Shopify. I hear from them because they're on my email list, but I don't know them. You never say the girls, Pat. I'm just saying. Well, okay, because there are none. I mean, okay, who are the girls at Shopify, FedEx, or Simon? I'm just saying. I just wanted to point that out for our listeners to understand that persistent sexism exists in all these places.
Starting point is 00:48:39 It's a fair point. Listen to me. Last question for you. Your brand strategy thing starts when? This week? This week. This week? So I have two things coming up. I have 280 kids for brand strategy in my marketing class at NYU, starting two weeks from, or I'm sorry, starting a week from Tuesday. And then I'm kicking off 500 kids in my online brand sprint that I'm offering through Section 4, which is a three-week
Starting point is 00:49:03 course. So I'm back and I'm freaking out. I, which is a three-week course. So you have more students on your own thing versus the university. I'm back and I'm freaking out. I got to come up with some new materials. What's the first thing you're going to say to them besides boom? You mean the first kind of lesson? What's your first line to your students at NYU? Well, that the brand era is over. You say it like that because that's like dull online. What's your thing? The brand era is dull. Please take this.
Starting point is 00:49:24 The brand era is over. Please. What's your line? I it the costume? The brand era is dull. Please take this. The brand era is dull. Please. What's your line? I want to hear your line. I always start off with the same opening line. I call on someone and I say, what is brand? And I just point at someone and get them talking. And your son asked about how do you stay engaged online on the other end.
Starting point is 00:49:43 And I thought a little bit about it. One is I find if I'm listening on a Zoom call, I try and write things down. Otherwise, I just lose interest. When I hear an interesting point, I write it down. But with Zoom and now, and just generally as my class have gotten bigger, you got to call on people.
Starting point is 00:49:58 If there's not the fear of accountability, they don't pay attention. And I shame them. And when they come up with something stupid, I say, that's stupid. I was hoping for a costume change or something like that i don't pay attention just to you know no i play cool dj music you too can come experience the wonder of the dog for only seven thousand dollars for three credits
Starting point is 00:50:18 and rap last night all of it i did know some of it, which was good. I raised. You are all over the place today. Your brain is firing every which way. Every way. Really? Yeah, I've been doing a lot of different interviews for Sway. So I've got to know about a lot of things, which is going to be different because I do.
Starting point is 00:50:38 So, by the way, the fact that you're not out there hoovering up all the good guests, the dog is slipping in when you're not with not a podcast. I've had Julian Castro. I had Judd Apatow. I can get them. Go ahead. Who else? Well, I know the dogs get them.
Starting point is 00:50:53 Now I'm literally like, OK, well, she's not here. I'm going to feed. I'm going to see who I got. OK, Julian Castro. OK, yeah, yeah. OK, Judd Apatow. He's a very thoughtful guy.
Starting point is 00:51:03 He's great. He's a great guy. He's really seen the king of Staten Island. I just want to promote. My son made me watch it. Yes. And. Judd Apatow, he's a very thoughtful guy, too. He's great. He's a great guy. Have you seen The King of Staten Island? I have. My son made me watch it. Yes. And what did you think? I don't love Pete Davidson, but I thought the movie was great.
Starting point is 00:51:11 I thought, especially the guy who's the boyfriend of the mother. I love Marissa Tomei. Yeah, I like her, too. She's fantastic. She's so undersung as an actress. She's so raw. She's so scorchingly hot. That, too.
Starting point is 00:51:24 But she's also very, very like you can feel her her insecurity she's really a good actor she's always been a good actress she was fantastic in the wrestler and the guy i don't remember his name who played her boyfriend the firefighter i thought was great there were a lot of great character actors in that movie he's he's he's really interesting he he does he's done some great things for hollywood he does films that relatively speaking are lower budget and he's really into discovering new talent. He doesn't do films with, or Judd Apatow. He doesn't, he believes in finding, introducing the world to new talent.
Starting point is 00:51:53 He's super talented. I think he was in a bit of a like doing his same old, same old. He always knew what his movie was. And then he sort of, it's hard because he, you know, he has a formula that works. Freaks and geeks. I mean, he's done some interesting stuff. Yeah, he's very talented. Interesting stuff. All right, Scott, before we head out, a big part of what makes our show special is you, our listeners, not you, Scott Galloway.
Starting point is 00:52:16 That's why we'd like your help to plan our future by filling out a short survey. Scott will not listen to you, but I certainly will. Your responses will help us understand who's listening, how your listening habits have changed in the past few months, and hopefully how we can reach even more people. Go to voxmedia.com slash pod survey. That's voxmedia.com slash pod survey. You feel it out, Scott? Tell me what you think of the show. 100%. 100%. We're bringing sexy back. That's my only comment. Okay, today's show. Oh my God, that's another song. That's a rap song?
Starting point is 00:52:50 Right, Justin Timberlake. That guy's talented. That guy's talented. He is. Indeed he is. Yes, another person who doesn't seem talented, but is. Today's show was produced by Rebecca Sinanis. Fernando Finite engineered this episode. Erica Anderson is Pivot's executive producer.
Starting point is 00:53:07 And special thanks to Drew Burrows. Make sure you subscribe to the show on Apple Podcasts or if you're an Android user, check us out on Spotify or wherever you listen to podcasts. If you like the show, please recommend it to a friend. Thanks for listening to Pivot from New York Magazine and Vox Media. We'll be back next week for a breakdown
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