The Ben and Emil Show - BAES 158: DEEP DIVE: How is Snapchat Still Alive?

Episode Date: June 25, 2026

Ben and Emil talkin' allllllll about Snapchat. It's fascinating, really. Just a money incinerator. But where does it all GO? For bonus episodes, discord access, fan Q&A, merch, Ben's monthly playlist..., and to support the show: https://benandemilshow.com/ The Chase Sapphire 100,000 point bonus is here! https://www.thecreditcardlist.com Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! For all you audio freaks: Spotify: https://open.spotify.com/show/7M0vN85aGO0zdh62hyg03I Apple: https://podcasts.apple.com/us/podcast/the-ben-and-emil-show/id1693270208 Amazon: https://music.amazon.com/podcasts/51280f1b-2fbd-4ea9-bdde-e96f70b5b1ae/the-ben-and-emil-show iHeart: https://www.iheart.com/podcast/269-the-ben-and-emil-show-117763570/ Follow us! TikTok - https://tiktok.com/@thebenandemilshow Instagram - https://instagram.com/benandemilshow Twitter - https://x.com/benandemilshow Ben - https://instagram.com/bencahn Emil - https://instagram.com/emilderosa https://www.youtube.com/emilderosa https://substack.com/@emilderosa Our newest acid video is out now so check it out! https://youtu.be/7vkFY3f5kkw Some other videos of ours you may enjoy: https://youtu.be/qX4pks0ASq8 https://youtu.be/_VOVxt3ZtIE https://youtu.be/5wsoc5pieuA https://youtu.be/dTbEk0pVh2w https://youtu.be/yGSs56bFzRU https://youtu.be/cIHWkY35cuc https://youtu.be/zBvVGHZBpMw https://youtu.be/1ZUWTkWV_MM https://youtu.be/_cM1XqA9n2U Chapters: 00:00 Intro 04:07 Evan Spiegel, origins of Snap, who's on Snap 15:24 Avocado ad 17:00 Specs debut, cool aspects, details 26:00 The Snap ecosystem 31:00 Hims ad 32:35 Snap's insiders and stock performance 44:44 Shopify ad 46:49 Snap's insane content 1:00:12 Fabric ad 1:01:56 Casey Neitstat, Beme 1:05:00 Trump peptides, AI geniuses __ AVOCADO: Check out Avocado's mattress and furniture sale at https://avocadogreenmattress.com/BAES. HIMS: For simple, online access to personalized and affordable care for Hair Loss, ED, Weight Loss, and more, visit https://hims.com/BAES for your free online visit. SHOPIFY: Sign up for your one-dollar-per-month trial today at https://shopify.com/baes. FABRIC: Go to https://meetfabric.com/BAES and apply today, risk-free Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:00:28 Also known as Snapchat. Also known as... SnapCrap. Nothing good happens on there, so it's like... Nothing good happens on Snapchat. What are you going to do? Evan Spiegel is debuting this... They're called Spex.
Starting point is 00:00:39 They're 2195 augmented reality glasses, and they are 15 times higher priced than the $130 camera glasses they debuted in 2016, which, by the way, never caught on. I don't think they're like, oh, I want the phone just... It's attached onto my face at all times. I wish I could put it on. I hate this thing.
Starting point is 00:01:02 It's ruining my life. I want to look at it less. Oh, say less. I'll make it so you wear it. The ecosystem thing is a great moat. But, dude, you do not even remotely have it. Episode one, Will just ended Jaden's career. Okay.
Starting point is 00:01:17 Hustle cartel is a pure op now. Don't know what hardly, 50% of those words. I know what they mean, but they've arranged them in a way that I couldn't even begin to tell you. She ain't going like that kind of stuff. That kind of clap him. Nine. Eight. Seven.
Starting point is 00:02:01 Six. Five. Five. Four. Three. Two. One. Whoa.
Starting point is 00:02:07 Welcome back, everybody. Boy, do we have a great episode for you today. We are talking all about the absolute garbage fire that is Snap Inc., also known as Snapchat. Also known as... Snap Crap? Also known as where Ben... Yeah, I'm glad you stopped. Because I bet it wasn't good.
Starting point is 00:02:31 Nothing good happens on there, so it's like... Nothing good happens on Snapchat. What are you going to do? I actually did get catfished on there once, like, in 2014. And you thought you were... I thought I was talking to a big... I thought I was talking to a big sexy hairy guy. A big...
Starting point is 00:02:46 But it turned out to be a sexy woman, unfortunately. Yeah, and I was disappointed. And we're going to be talking about that pretty much a deep dive on what they do, their latest foray into hardware, which is an absolute joke. Whether or not they can do it, we will speculate on that. And all about, we're going to dive into how they're managed, or rather how I should say, rather I should say mismanaged. Also, the more I looked into it, I kind of think the glasses are less of a joke.
Starting point is 00:03:17 but... Wow. So, okay. We've got some... I don't think they're going to work. But we'll see. And sorry if you can hear my little cough, but there is a fire.
Starting point is 00:03:28 There's a... You probably may have heard about a little bit of a... We didn't start the fire. Factory fire nearby. Yeah. It was always burning. And it's just giving me
Starting point is 00:03:36 a little bit of a throat ache, breathing in all the nastiness. Mm-hmm. His throat is. And then if we got time, which we probably will. We're going to get around to some,
Starting point is 00:03:47 some critical AI updates. And also, so just a little bit up top, we did our Q&A last week for the Ben and Emielshow.com subscribers. We do it monthly. So please go sign up if you haven't, support the show. And we're going to have a comment of the week.
Starting point is 00:04:04 Oh, crap. I didn't pick one. Actually, I did. I'm like. He's joking. Also, we got our StockTwits episode comes out this Thursday. And be sure to check out last week's episode.
Starting point is 00:04:14 Also, the Q&A episode. It's really good. It prompted, it was very fun. It prompted something. I have to ask Ben something about his culture in the bonus episode. And culture. We'll have that. Is this a butt poop-related thing?
Starting point is 00:04:29 No. It couldn't be. Okay. Well, hey, let's get right into it, shall we? So, Evan Spiegel. You guys all saw his goofy-ass face plastered all over the internet with his... He looks like a bird. You know who it kind of reminds me of?
Starting point is 00:04:47 I don't know why. This is probably the nicest compliment I could pay him. For some reason, he reminds me of that actor. Maybe it's because he was in succession or something. Jeremy Strong? No, no, no, no. He was in there for like a little bit. Maybe it was the guy from True Blood.
Starting point is 00:05:04 Is this name? Oh, the tall guy? Yeah. Yeah, yeah. Doesn't he kind of look like... Scarsguard? Yes. Morgan Scarsguard or whatever is.
Starting point is 00:05:11 Doesn't he kind of look like Evan Spiegel slightly? He kind of does. He looks like if Evan Spiegel weren't Jewish and ate a mushroom. from Super Mario Brothers and became... Drew. Stellan. Is it Stellan?
Starting point is 00:05:23 I don't know what his name is. I was just Googling Evan Spiegel. Oh. But... Alexander Scarca. Yeah, there he is. Okay, not that close, but I think it's some kind of succession thing
Starting point is 00:05:34 where I'm like, that's that guy. Well, Evan Spiegel... He's got a supermodal wife. He's got a supermodal wife. Miranda Kerr, they've got four kids. So good for him. Huge shout out to Evan Spiegel right off the bat for having a super...
Starting point is 00:05:47 model wife. He deserves it. I don't know if anybody really remembers. They probably don't because it might have been before our audience's time, but there was a, there was quite a curfuffle with Snapchat because it was founded by him and two other guys. But they ousted one guy. Yeah, probably because he smelled real bad. They said, P.U. This guy stinks. Can I'm out of here. You can't be in our company anymore. And he sued them. And I don't know what the result of that. I think they settled. He got about $160 million. Good for him. Would you be happy with that?
Starting point is 00:06:19 Sure. But apparently what, I do think it was like a lot of his idea. I believe his name is Reggie Brown or something like that. Reggie Brown, Reginald Brown. And I think a lot of it was his idea. It came from,
Starting point is 00:06:31 you know what it was originally called? Peekaboo? Yeah, pick, like PIC, like a PIC, a boo. Which is really cute. It's not a good name. Peekaboo? Picaboo?
Starting point is 00:06:44 But yeah, people are going to say, pickaboo. Yeah. It was very, I mean, this is prime, like, Silicon Valley app. Trying to sell an app. Lobster font. Yeah. And I think it started because, I mean, at least this was their story. It's like, Reggie sent a photo. He didn't, he wish he could have gotten back. And we thought, what about disappearing photos? Photos that only lasts for whatever. God, so genius. Which is also very, you know, their whole thing is very Stanford frat bro. And you remember when Evan Spiegel had his emails leaked from when he was like frat president or whatever? No.
Starting point is 00:07:26 Which is he saying the N-word and stuff? No, it wasn't that bad. It was like more embarrassing than anything. Just like, I mean, I'm but he's like, I'm giving a bag of cocaine to the freshman who sees the most boobs. this party. That's awesome, dude. And when you look at him, it doesn't seem like he's changed much. But who knows?
Starting point is 00:07:51 Maybe now he's a family man. Some of the best family men are the reformed frat guys. Is that true? I think so. I would say so. Yeah, because they truly got out of their system. I saw what you did, and I don't appreciate it. Sorry, my dog ate a piece of paper over there, it looks like.
Starting point is 00:08:06 So Evan Spiegel is, how would I phrase this? I mean, he's quite, he fancies himself a bit of a Steve Jobs. And I've got a quote here and see if you can guess who it is. Almost 20 years since the launch of the iPhone, people are ready to think about computing differently. Evan Spiegel. You don't think it was Mark Zuckerberg, Elon Musk, Steve Apple? Or what's the gay guy's name? What's his name? I feel like it was Evan Spiegel.
Starting point is 00:08:39 I like how you're saying Spiegel. How are you supposed to say it? Spiegel. Spiegel. I don't know. We're not in Germany. I mean, that does make sense. So all these guys fancy themselves, like, the next. And, you know, you see all the...
Starting point is 00:08:50 He also had the thing where he... I think Zuck offered him three or four billion dollars or something at the peak of their valuation. And he turned it down. He was like, no. Because in my mind, I'm obviously like, why would you not just take the money? It's like, because they all think they're...
Starting point is 00:09:07 They all think they're going to be the guy to revolutionize... Yeah, $3 billion in cash in 2013. Three billion in cash. And the best part is, oh my God, 2013. Christ, it was so popular. And the best thing is, Zuckerberg, Ben just was like, all right, fuck it. We'll just incorporate all your features into Instagram. I mean, you got to hand it to them.
Starting point is 00:09:28 They did pioneer. Snapchat did pioneer. You almost forget that they... Oh, the story. Dude, they were the ones who did stories. Yeah. And they did it apparently to satisfy the pressure that a lot of their users would talk about how like, oh, you know, you got to get likes and comments and judgment. You always
Starting point is 00:09:49 have to look good. And they were really, really, that was quite innovative to have stories all that 13 years ago. And not only that, they were also the first to come up with, they call them lenses, but all the filters, you know, the dog, remember the dog ears and the licking and rainbow vomiting and pretty much anything and everything. Augmented reality. Augmented reality. But yeah, so, Mark Spiegel, Mark Spiegel. That was a friend of my dad's. Nobody knows of Mark Spiegel. He died like last year.
Starting point is 00:10:22 RIP, too, a new one. He was up there. He lived a long life. Rest and peace to Mark. Evan Spiegel, no relation. Yeah, he thinks it's so funny because you've got meta and you've got Google and you've got all these massive, massive companies
Starting point is 00:10:37 that are just raking in money, printing cash, sporting market caps of one, two trillion dollars. And then you've got humble little Snapchat, which is valued at like, what, six or seven billion dollars? And they think that they're going to pioneer
Starting point is 00:10:55 and create some kind of revolutionary new hardware. Almost 20 years since the launch of the iPhone, people are ready to think about computing differently. Interesting. Evan Spiegel thinks that people are tired of looking at screens. Well, I don't think he's... I don't think he's wrong.
Starting point is 00:11:12 Yeah. Because when I was looking into it, maybe that's not the quote I saw, but he's talking about, like, there's clearly, people are clearly tired of the phone thing. And I'm like, yeah, but I feel like you're severely misreading that where I don't think they're like, oh, I want the phone just etched onto my face at all times. Wish I could put it on. I think they're like, I hate this thing. It's ruining my life. I want to look at it less, not. Oh, say less.
Starting point is 00:11:39 I'll make it so you wear it. And yeah, it just seems like a clear misunderstanding of what people want. Oh, yeah. Also, I'm surprised he didn't look at the... It also led me down a little bit of an Apple Vision Pro... Yeah. Black hole last night where I was like, what even... Do you know one person with one?
Starting point is 00:12:03 No. They're pretending... I mean, you wouldn't... I forget that they even did that. Right. So did they. I had to go on Reddit. and there was like a couple Reddit posts
Starting point is 00:12:12 of some people being like, does anyone actually use their Vision Pro? And it's like every top answer is like, no, no, it just sits there. No, I sold it back to Apple for store credit. I mean, they thought that they were on to something with the future of that.
Starting point is 00:12:28 And for them, it was just a, it was just a, what do you call it? A write-off for their massive, massive balance sheet. Whereas Snapchat, they're putting like everything that they can afford into this stupid thing. Sure. This was like a fun detour for Apple. And you know why? Because nobody at Snapchat has the gall to tell Evan Spiegel no. I don't know why, but they're all probably terrified of him. Nobody at that company, either through the corporate structure or just fear of or just internal
Starting point is 00:13:03 politics, clearly it's Evan Spiegel's just like... I've seen people saying this. focus. I've seen people saying this and I'm not saying it's wrong, but at the same time, I couldn't help but think, if you work at Snapchat, if you work at Snapchat, what should you be saying to Evan Spiegel? If I worked at Snapchat, I'd be like, yeah, I guess. Let's do glasses, man. I don't know.
Starting point is 00:13:25 What else are we going to do? Like, when we were talking about this, I downloaded Snapchat. Oh, yeah. And it's a mess on there. Oh, it's. And so I'm like, I don't know if I would be afraid. I'd just be like, we got nothing else. going on. Let's take a big
Starting point is 00:13:42 swing. You know those like Nigerian Prince scams? Of course. It feels like Nigerian Prince scam the app. Oh yeah. It just feels like none of this is real. None of these people are real. This is all
Starting point is 00:13:57 did this just happen? Did this old guy really post this? Is this? I saw one that had like I don't know, 120,000 followers but only had two videos posted. And it was called like Crazy Times and Cars. And the two videos were just the same one video. And it was like a fake, it was like a fake, like caught on camera video of a girl at a gas station, like looking around and like doing something.
Starting point is 00:14:24 And then it cuts to inside her car and she's got her underwear wrapped around the steering wheel. And it's like, oh, this is some weird. There was a lot of porn. Yeah, there's a ton. Also, I would say, so I logged into my old account. I took a stab at my username and password. got in and what I would say to any
Starting point is 00:14:44 older millennials who used to use Snapchat is get on there no you're missing out make sure they added that map function I was able to look at friends I have not talked to in maybe a decade
Starting point is 00:15:00 and just zoom in like on their house it's crazy whoa that ain't good I know I don't even know if they know they still have that on or maybe if you're doing that by choice, which Instagram has integrated into theirs as well.
Starting point is 00:15:16 I think everyone immediately turned off. Oh, okay, yeah, maybe you have to opt in. Christ, yeah. I know one guy who's constantly sharing his location. You know who you are. He's my designer friend in like somewhere in Europe. And I always see he's got his location. I'm like, why do you have his location on there?
Starting point is 00:15:35 I don't even share location with. I don't do it either because I still believe it drains your battery. I just don't do it because I'm like, I don't want, I don't want people seeing everywhere I go. It just feels odd. Hey, everybody. We are so excited to tell you about our sponsor today, avocado green mattress. Their certified organic mattresses are specifically designed to relieve pressure points, support your body the way it needs, and help you actually get the deep restorative sleep you've been missing. Every mattress is made with thoughtfully sourced materials and built with real care.
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Starting point is 00:17:21 furniture sale. That's avocado green mattress.com slash b aes. Avocado green mattress.com slash bays. Well, Evan Spiegel is debuting this, they're called, they're called specs. And you want to pull it, you want to just pull them up there's an image there. They're 21, 19. augmented reality glasses, and they are 15 times higher priced than the $130 camera glasses they debuted in 2016, which, by the way, never caught on. Oh, yeah, they ended up being a huge tax write-off. I think they wrote off about $40 million worth of... What were they called? Snap Spectacles? Spectacles, yeah. You want to pull those up real fast? We can see... Those at least looked better, but all they did was take pictures. And they were cheap enough to do a fun activation around.
Starting point is 00:18:14 So they did, I think at first if you wanted them, you had to go down to a weird vending. Yeah, there they were. Yeah, you had to go to a weird vending machine. A weird vending machine on Venice boardwalk. The second one with the black guy and the blue ones. Yeah. They had all kinds of fun colors and they looked like just your classic.
Starting point is 00:18:35 I think the default one is the one with black right there in the yellow. No, the black. But that's it. Oh, yeah, yeah. Yeah, those. And they, I remember at the time being like, these ain't going to catch on, man. Nobody, I knew a couple people who went to the vending machine and got them. But, I mean, those just, nobody wants that looking in their face.
Starting point is 00:18:55 Hey, can you stop? But yeah, most of all, speaking of 2195, oh, you get a $200 rebate, I believe. But most of the, I looked up their demographics in the majority. of their users are 18 to 24. You mean Snapchat, not... Snapchat users. So how the fuck are these young people going to afford that? And as the age goes higher, obviously, it drops off precipitously.
Starting point is 00:19:23 I think they hardly have... I want to say 18% of millennials, like 25 to 35 are on there. Yeah, there was a really funny quote from the MSNBC article or the CNBC article talking about the new specs. And it was talking about rising inflation is eating away at consumer confidence, high-price electronics could be a tough sell at the moment. And then they had this guy, Jitesh Ubrani, research manager for IDC. This is like the worst time for any company to be launching any kind of premium product.
Starting point is 00:19:57 There's also the fact that their core audience has always skewed young. And typically that audience can't afford to spend a lot. Yeah. But Evan, Evan Spiegel said that investors will find, finally see some progress, which is going to be an LOL for me. And proof, proof positive, the stock dropped 4% in the middle of the trading day when these were announced. Nobody gives a shit.
Starting point is 00:20:20 Nobody wants them. The market certainly doesn't believe in them, even though, yeah, Evan Spiegel, I think we'll finally see a little bit of much needed progress because we famously are hemorrhaging money. Yeah, they dumped a lot of money. I think it was $3 billion of investment into these. And like a decade they've been working on them. But so people were already pointing out how clunky they look and saying,
Starting point is 00:20:45 God, they look at how they're weighing down on his ears. But then Evan Spiegel himself responded, what do you mean? That's just what my ear looks like. And he's got a zoom in picture on his dumb little ear. Which I don't know if I believe. I believe it. He's just got funny little elf ears.
Starting point is 00:21:01 In his defense, Evan Spiegel didn't really do them justice, right? And then they got a bunch of celebs. Oh, of course they did. Let's full screen this. I want people to really see, you know, I will say they don't look as bad when they hit play. Or on like a normal person or like a hot person, you mean? Hell yeah. Whoa.
Starting point is 00:21:18 They got Jack Harlow. They got him out of his weird hat. Yeah, man. They got Kyah Gerber. Look at those things. You know, they look a little bit cooler. I guess, but they still look like shit. Like clearly, Kyah Gerber is never.
Starting point is 00:21:34 going to be caught dead wearing those fucking things. I do. I agree. They look like shit. But my only point is that when you get off Twitter, there was some, you know, I was looking at a website that's more into, I think it's called like upload VR. Well, you can see that this guy did a YouTube review and he's got some of the features. I think I know what you're talking about. Yeah. And they do have some impressive tech. Just turn off the sound. And, you know, I feel like there was some, yeah. Yeah, like that. Yes, all these were part of the demo.
Starting point is 00:22:13 It seems like you can do some genuinely impressive things. And so, and so it feels very similar to the vision. What is it? Vision Pro. Vision Quest Pro fucker. Oh, you can cheat a golf? They've solved the thing of literally needing to wear
Starting point is 00:22:28 massive heavy ski goggles. Yeah. And the weird you got to put that like pocket your pocket and it's connected to a cord. These are completely wireless. I bet they get hot. Maybe. They only have a four-hour battery life.
Starting point is 00:22:45 Sure. They have four hours of battery life and then you could stick them in your little, your little rechargeable case, which I think you can get like three or four charges off of. I'm not saying anyone wants this. Right. I'm just saying it's cool. Compared to something else.
Starting point is 00:23:03 I'm like, they're not the biggest joke in the world. They're ridiculous. I don't think anyone will wear them. They're very heavy. They're still very heavy. They were talking... So these weigh 132 grams. The ray-band metaglasses, which are just, you know, much smaller, much lower profile, way around 50 grams.
Starting point is 00:23:20 Oh, wow. The meta-ray bands with the display is 69 grams. So even on the, like, heaviest ones, it's more than double. I feel like, I feel like with this, the answer lies in putting most... Relying on the compute in your phone somehow. And then simply having the augmented reality part, instead of having all of that compute, the computer in the glasses itself,
Starting point is 00:23:44 do you know what I'm talking about? As its own piece of hardware, it would be better to have just a companion app in your phone. Sure. And, I mean, that would solve them looking clunky. In my mind, I obviously have no idea how these things are engineered. But you have to imagine that's what they did, right?
Starting point is 00:23:59 Because otherwise they'd be smaller. I mean... Yeah, you would have to imagine that that's what they would do if they could. But Evan Spiegel himself was saying that he was like testing it out with his kids and they were playing around. There's apparently a lot of games and shit you can do. And you saw it a little bit in that YouTube video where if other people have them, you can play collaborative games where everybody sees the same thing but from their respective angle, which is cool. But I think a lot like the Vision Pro, the Apple thing, and having owned a meta quest thing, it's cool for a couple weeks.
Starting point is 00:24:35 And then you put it away and you just never think about it again. Yeah, I just don't think people want it. Yeah. Like, it's like what I was alluding to at the beginning when he was like, oh, people's relationships with phones are changing. They're trying to like get away from them. They feel like slaves to their phones. It's like, yeah, I really think you're misreading this.
Starting point is 00:24:52 I don't think they want to enter phone world. I also don't think people are super comfortable with, like I know people are getting annoyed about the meta-ray ban thing recording out in the world without people's knowledge. I think, yeah, people are just not stoked on that. I think it's a tough sell. I know there are some, like, tech maximalists who are like, this is the future. This is exactly what I want.
Starting point is 00:25:22 I want... We're all going to be recording each other. Yeah, well, or more the, like, you know, the light touch of, like, there's a demo where you're walking around and you're like, where do I go for blah blah blah? And it just... Translate this Japanese form. Sure. And it just overlays directions for you and you just
Starting point is 00:25:42 walk and you don't have to think about anything. It just shows you how to do it. We're like, oh my God, I have knives in my hand. Tell me how to make Ratatouille. Show me the recipe. Yeah. Yeah, the big question... Can you imagine those fucking things you're trying to cook? They're sliding
Starting point is 00:26:00 down your nose. And they're hot. It's just not even viable. Put an iPad. Put an iPad right there, man. Have your phone or a laptop, anything but these goddamn fucking spectacle. I also don't think the human needs... The human? Did I say fuming? Oh, no, the human?
Starting point is 00:26:18 I don't think the human needs. I don't think, like, people need, like, the robot telling it... Great job. Yeah, it's just... Yeah. Well, you can gamify. Why not gamify cooking? I do hope they ship with...
Starting point is 00:26:32 like, I don't want to hear people's shit coming out of the speakers on those things. Oh, sure. Stick little earbuds in your ears. I, you know. Uh, so Evan Spiegel. A guy just playing fruit ninja on his eyeglasses on here. Just on the bus. Just going like this to people. Yeah. Uh, so we, we, we, we were asking why. And Evan Spiegel kind of, um, uh, what would you call it? elucidated. Is that right? Would you elucidate on something? Sure, yeah. Why not?
Starting point is 00:27:07 He elucidated on why, and he said, software obviously isn't a moat because of the stuff that was easily stolen, i.e., the lenses, i.e. stories, et cetera. And he said, but ecosystems are remote. Hence the push to hardware. He's hoping to finally create, like, an ecosystem that nobody else can touch. Bro, a snap ecosystem? I know.
Starting point is 00:27:31 I know. I did not see that. I know. I know. I know. And he said that they're... You're delusional, man. Yeah.
Starting point is 00:27:37 He said that one thing that Snapchat does have that other social media platforms don't is they're focused on quality, not quantity, with regard to friends. For example, one of the things that I guess keeps people coming back is they want to keep their streak alive. So like if you and I are snapping back and forth, it'll show you've got a 10-day streak and you don't want to break it. Oh, you don't want to break your streak. You don't want to break your streak. You don't want to break your streak. It would invalidate the entire friendship. That's why I should buy spec.
Starting point is 00:28:04 So I could just streak on the go. Yeah. Sure. You just tap it and send it. Who gives a flying fuck? But yeah, so why not? My question would be to him, why not just figure out, I don't know, figure out how to create. Without the hardware, you guys aren't losing as much money.
Starting point is 00:28:25 Can't you just figure out how to monetize your, like they've got, we'll get to it, but they've got a ton of users. But also, my guy, you're so... It's like he's right in the sense that ecosystems are big. Like, I've gotten to a point where... I feel like it's been a years-long battle of, like, Apple products aren't better. And I agree.
Starting point is 00:28:45 Like, I see other stuff and I'm like, wow, those things are capable of that... capable of things that iPhones can't do. That's very annoying. But the ecosystem with Apple is... I like it. It's nice that all my shit talks to each other. It's great.
Starting point is 00:28:57 And so he's right that, like... The ecosystem thing is a great moat, but dude, you do not even remotely have it. What are you talking about? Especially at that price point. Like, if it was maybe, you know, 500 bucks, I could say, all right, like, maybe that'll catch on. What do I get to integrate?
Starting point is 00:29:16 If I'm like a person who really wants a headset, and I'm like, okay, well, I've got meta, I've got Apple, I've got Snap. I should probably go with Snap because then I can keep my streaks alive. Unless it's appealing to people who don't even, maybe you don't even need Snapchat as an app, it's its own spectacles thing where you can do. There's, because they do have a big, robust like developer ecosystem where developers, just like the Apple App Store, can develop their own stuff specific for spectacles. Maybe that's a thing. But again, it goes back to the meta fucking, the quest and the vision. it's a novelty thing that's fun for a minute, but it starts to get uncomfortable,
Starting point is 00:30:01 even if it's not strapped to your head, the glasses, those things look. I was going to say hella uncomfortable, and I never say hella. They do look hella uncomfortable. They look hella ass uncomfortable. You know what? I just figured out.
Starting point is 00:30:14 You know what I would tell? Because you know how we were talking about what you would tell Evan Spiegel and they don't have the balls to tell him what he needs to hear? I would be like, okay, let's fucking pivot to AI. the bubble out. Yeah. Let's just juice the stock, baby. Which is wild because
Starting point is 00:30:30 apparently their internal structure is such that anybody can pitch ideas straight to Evan Spiegel himself. And he said that weekly, they've got hundreds of ideas that are constantly flowing through the company. And this is the best shit you got, dude. That's what you're working with. But I don't blame them because
Starting point is 00:30:48 who the fuck wants to work at Snap? All the best talent out there is at meta, is at Google? Is it Amazon and fucking all the AI companies. I can't imagine that Snapchat has the best and the brightest. You know? You know what I'm saying? That's probably true.
Starting point is 00:31:05 So honestly, the best they can come up with is spectacles. Fucking glasses, dude. In the year of our Lord, 2026, you got glasses? I will be honest. I'm impressed by them for... When this dropped, I was like, Snapchat's still a company? Yeah.
Starting point is 00:31:24 They're still publicly traded. It's good for them for sticking around. Hey, boys. This is for the boys out there. Let's hear it for the boys. Let's hear it for your hair, man. You know, when hair thinning starts, it's not just your hair that takes a hit.
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Starting point is 00:32:49 Featured products include compounded drug products, which the FDA does not approve or verify for safety, effectiveness, or quality. Prescription required. for full details, restrictions, and important safety information. Individual results may vary based on studies of topical and oral monocidal and fanasteride. And again, their competitors can afford to chuck billions of dollars at this kind of shit and Snap cannot, which brings us to, let's talk about a little bit about the way that it's managed. It is, pop this insiders dump shares, because insiders do be dumping shares constantly.
Starting point is 00:33:24 nobody inside the company is buying the stock. No, no, no, no. They are constantly selling it. Here's a handy graph from quiver quantitative. This is the last, let's see, it goes back to 2022 when the stock was at an all-time high of $80. All those, for the audio listener, I think 2021 was when it was- Oh, yeah, excuse me. Imagine a graph that goes from 80 and then just plummets and then just is like on a downward trajectory. and just flat down. And all because it got eviscerated by the the Apple
Starting point is 00:33:59 privacy rules that they changed. That little Ask App Not to Track button Oh yeah. It's like, it kind of like changed the trajectory of tech. Everyone went scrambling. Meta got hit by it, I think.
Starting point is 00:34:16 Yeah. And I mean, that might have been their huge push into Metaverse at that point. Well, Apple fucked us on ad, so I think we're going to create. Yeah. Look at all those insider sales, though. There's probably, I don't know how many, a hundred little dots, each one marking an insider sales. Some are bigger than others. Evan Spiegel constantly dumping shares. Just absolutely. It's like they've all got diarrhea. They're dumping so much. I mean, geez, Louise. But despite all of his dumping, this is a big problem. Evan Spiegel and his co-founder retain 99% of total voting power. Meaning, despite having a board of directors, despite having a CTO, or his co-founder is the CTO, excuse me. But despite having an executive suite and all that stuff, Evan and his co-founder get final say in absolutely everything.
Starting point is 00:35:09 Evan has sold over $700 million worth of Snapchat stock since 2021. He's worth $2.5 billion now estimated down from about $20 billion when it was at its high in 2021. And part of the thing is, Snapchat just doesn't give a shit about investors. They are so egregious in what they call stock-based compensation. They just keep paying their executives with stock. You want a job? Take some stock. It's toilet paper to them.
Starting point is 00:35:42 It just doesn't matter. And of course, these be, so I looked up the industry benchmark, just to give you guys an example of how egregious this is. The industry benchmark for software or tech companies is for stock-based compensation is roughly 5 to 15% on the high side of revenues, 15% of total revenues as stock-based compensation. You follow? So like, let's say the revenues are $100 billion. On the high side of that, 15%, you would have $15 billion worth of stock as part of the compensation
Starting point is 00:36:18 package. Okay. And what is Snap at? Snapchat in 2023, their stock-based compensation was $1.32 billion on $4.6 billion in revenues, which comes out to 28%. So they are way, way, way, way, way higher in their... But they just don't give a... They do not respect. But that seems like more of an issue of them not bringing in a ton of revenue rather than... Right. It's both. Because it's very common... I was just thinking about...
Starting point is 00:36:45 Like, I have friends who work in tech, and I'm always surprised when they talk. tell me how much of their compensation is in stock. Sure. But that's, again, it's relative to the company can afford to give a little stock because it gives a little incentive. In this case, they kind of have to because all they do is hemorrhage money on what little pathetic paltry revenues they pull in. Case in point, I just read today before coming into the studio.
Starting point is 00:37:08 Evan Spiegel wants to offer Robert Downey Jr. $100 million to promote specs. Jarvis. Robert Daniel Jr. Can you imagine fucking this man. Well, because they look like the Iron Man glasses. I understand. Jarvis, give me some Snapchat stock. Jarvis. So,
Starting point is 00:37:28 sell of my Snapchat stock. Jarvis, show me Evan Spiegel's balls. This man, but it just seems like everyone is just so eager to throw hundreds of millions of dollars at Robert Downey Jr. And who gives a shit about the stock or the investors? They've diluted investors
Starting point is 00:37:44 I think over 50% in the last like five years. I'm curious how much they gave like Kyah Gerber and Jack Hall Oh they probably gave him
Starting point is 00:37:51 I don't know how much stock they gave them they probably just have a roll like toilet paper and they just go here you go
Starting point is 00:37:56 though I would assume that Kyah Gerber got between 10 million at least a million dollars to that's it to wear those goofy
Starting point is 00:38:04 ass specs probably yeah she's Kyajer isn't she like a big deal I have no idea I don't know man she's fine to me I guess
Starting point is 00:38:12 she's yeah she's so she's beautiful yeah show me a beautiful woman also you 10 beautiful women. Also, their whole thing is so wrapped up in
Starting point is 00:38:23 the cool factor and celebrities and stuff like that. I forgot, I think it was Kylie Jenner, basically moved their stock because she sent out a tweet. This is like 2018 or something. Oh yeah. She sent out a tweet like, so does anyone
Starting point is 00:38:39 else not open Snapchat anymore? I remember that. And the stock tanked like 6%. Oh, quick man. Give her some stock. Give her some stock. Give her some and Snapchat. Tell her she was hacked. Which is crazy. Yeah. Which begs the question. Who the hell still uses Snapchat?
Starting point is 00:38:55 They've got 483 million daily active users and 943 million monthly active users globally. I like don't believe these numbers. I don't know what to think anymore, man. Because it's funny we were looking into this. And on the same day, Forbes posted an article that said that threads, meta's ex-competitor hits 500 monthly users. 500 million?
Starting point is 00:39:22 Yes, sorry, 500 million monthly users and that they've surpassed X in daily active users. And I was like, I'm sorry, this is based on like no data other than just my own moving through the world. I'm like,
Starting point is 00:39:37 how the fuck are they calculating? I've never met a single person who uses... Hey, follow me on threads. Yeah, who uses threads, Travis posts is on threads. Regularly logs into threads.
Starting point is 00:39:49 I'm like, maybe that's coming from, have you ever been on Instagram where you see like a little bubble and it's like, it cuts off the rest of the things? And you're like, what does that even say?
Starting point is 00:39:57 And it forces you on a thread. You click it and it opens threads. Yeah. You're like, you fucker. And I'm like, maybe they're counting those as daily active users,
Starting point is 00:40:05 but I don't know, man. This seems, uh, I think threads is also doing the same kind of thing where they're paying straight up like porn stars and, Only fans,
Starting point is 00:40:15 Cam Girls and stuff because when I first downloaded threads Yeah I thought threads was like Brother my explorer page or whatever on threads I haven't opened it in months
Starting point is 00:40:24 but when I would go on there I wasn't following anybody and it's just like oops you know this this bikini's too small and I'm like it is dang
Starting point is 00:40:33 I mean I literally what's going on with that bikini I haven't been on it since I haven't been on it since it literally launched in 2023 and it just felt much like, this is the safe place for, like, Twitter got a little kooky, didn't it?
Starting point is 00:40:50 Yeah. And then it was like... Neo-Nazis much? So it was just all I saw was brands. It was like Doritos being like, is it okay to be a little spicy on here? Oh my God, dude. And I was like, I'd rather stay on Twitter. I'm not doing this.
Starting point is 00:41:03 Nothing is more thrilling. You know you've gone viral when a brand responds to you. Like when I did my fucking succession video, I think Slim Jim commented and I was like, whoa I've made it wow beef sticks anybody
Starting point is 00:41:16 it's just like oh god I'm picturing some really smart ambitious 20 year old tweeting on you know
Starting point is 00:41:25 slim Jim McCann do they even do that anymore I feel like that used to be such a big I don't know I feel like when we were in our 20s
Starting point is 00:41:31 your friend would be like I'm running the Twitter account for Levi's yeah cool my friend kind of pioneered that
Starting point is 00:41:41 she was the social media manager for, is it IHOP? What's the other waffle place? Denny's, Denny's, Denny's. Hop is more of a pancake place. Yeah, yeah. It was Denny's. Yeah, what did I say? Waffles.
Starting point is 00:41:56 You said Waffles. I'm so stupid. That would be IWAP. Well, beautiful, beautiful, queen, love you, beautiful, marry me. Big usage in India and Pakistan because TikTok is banned there. So, beautiful queen, marry me.
Starting point is 00:42:11 Show boob, show bob, show bob. If you don't know what I'm talking about, God bless you. Mom, it's basically some beautiful women get like really horny guys in India and Pakistan saying, I love you, I love you, please marry me. Queen, queen, show bob, bob meaning boob. And after doing a little perusing on Snapchat, I imagine there's a lot of show me bobs on that thing. Showbob and Vajin. Hi, Betifal.
Starting point is 00:42:42 You there? Show me, I'll pick if you there. Vashnipeak. You are my pussycat, though. Please send Bobby for 34,000 rupees. If you want to get bummed out, just scroll the... Yeah. Wait, I've got it.
Starting point is 00:42:59 Did you screen record any? No, I should. Oh, yeah, you should have. Well, it's okay, because we can get there. But they've got 250,000 million, excuse me, monthly active users in India alone, all while monthly active users declined in the United States by single digits, I think like 4%,
Starting point is 00:43:19 and over 10% in Italy, France, Germany, and the UK. Which is probably the biggest... A.k.a. the only countries in the Europe that count, am I right? That matter. I think in terms of ad revenue, I think U.S., especially, yeah, those are going to be... Those are going to be the where the lion's share of your ad revenue is coming from. they a lot of their users are are being are just using it for back and forth messaging where they can't be advertised to I was looking up the the revenue per user is something like four dollars in something it's very pathetic
Starting point is 00:43:55 versus meta is like $58 in revenue per user so they're they're really just I mean they're kind of they're really just treading water it's only a matter of time and it's a matter of time and again, they've also struggled to monetize because their audience skews so young. And we were talking about who uses Snapchat and we basically, at the same time, we were like predators, children, bullies, and influencers. Somewhere out there, there's one person who's just in the middle of that, a predator child bully influencer. If a 35-year-old man told me he was on Snapchat, I'd be like, dude, you're up to know good.
Starting point is 00:44:33 I don't want anything. I don't fucking use it because they're paying me, dude. I don't want to know anything else. Apparently... I'm calling the cops. Their payment thing, I saw a guy talking about it. He's like,
Starting point is 00:44:45 I make money in the Snapchat's creator program. This is how it works. And he shows. And of course, it's not dollars. It's like, I've got 170,000 crystals. And basically, 100 crystals is like 10 cents.
Starting point is 00:45:00 So, as you can see, you know, my 170,000, whatever, it's like 7 grand or whatever the math was. Is that real? They're paying crystals? Yeah.
Starting point is 00:45:07 Shut this thing down. Get Spencer Pratt on there. He loves Crystal's that guy. Hey gang, we've got to take another quick break to talk about our favorite e-commerce platform. That's right at Shopify. You know, when we started this show, we were pretty darn clueless. We had no idea where to turn, who to trust, who to rely on, how to do anything. How to do anything.
Starting point is 00:45:34 We were stupid. Yeah, we were a couple of big dumb-dums. In many ways, we still are, but not when it comes to e-commerce and how to having merch and all that stuff. That's where Shopify came in. We had heard the name and we thought, hey, why not Shopify? And it was easy as beans. Yep.
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Starting point is 00:47:16 Evan Spiegel. Pivot to AI. Spiegel. Do a... Albirds. Oh. Do a eBay? I said Lipa.
Starting point is 00:47:25 You said do-a, and I said leap. Oh, sure, sure, sure. Yeah. Doing all-birds. Juice your shit. Yeah, there you go. You love someone's stock. Oh, my God.
Starting point is 00:47:34 They were... So for a hot minute there, I remember the headlines were pretty wild because they were paying creators through, it's their spotlight program, which in 2023 was paying over a million dollars a day to certain creators. Not like one creator gets a million dollars, although there was one woman I read about who's a TikTok influencer who made like two and a half million dollars in the course of four months, which is banana-cray bananas. David Dobrick was reportedly making about $100,000 a week, if not more. Of Dobrook's pizza. Dobrick, yeah, of Dobrick's piece of fame.
Starting point is 00:48:11 Of flinging that guy around and smashing his face into a clean. I saw that there was, oh yeah, poor guy. I don't really know the story, but I know he did that. Jeff Whittick, Jeff Whittick got, well, let's talk about that in just a moment. Because I want you to see this show called Self-made. Because in our research, we found that Salazar. Salt Bay, you know, the famous, fame, wait, wait, don't play it yet.
Starting point is 00:48:38 Salt Bay was on it's a pause it. Salt Bay was on the show called Self Made and I was like, huh, self-made. I'll check it out. Maybe it's kind of nifty. And then self-made is this it's in this... It's a deep dive into the trials and tribulations of fame,
Starting point is 00:48:53 fortune, and lavish lifestyles. So I'm looking at this and it's apparently they're in their seventh series and they've got 25 episodes so far. Scroll down. Let's look at all these...
Starting point is 00:49:06 Just up the seventh series alone. Let's look at all these titles. Keep going. Keep going. All the way to the bottom. And I'm looking at some of these and I'm like, okay, episode one, Will just ended Jayden's career. Okay.
Starting point is 00:49:20 Hustle cartel is a pure op now. Don't know what hardly... 50% of those words. I don't know. Click that. What is that shit? I know what they mean, but they've arranged them in a way that I couldn't... I couldn't even begin to tell you.
Starting point is 00:49:34 Gambler Hustle Cartel's whole rich lifestyle is getting exposed as lies. Cause after flexing that his gambling made him richer than anyone else in the scene. I got sob but struck on my neck. His whole top dog image is falling apart. Cause he is getting exposed by his ops like rapper Finesse two times. Who is calling his rich lifestyle and bling fake as hell? All his watches, all his rings, all his chains, everything is faking huls a cartel. But that's not it.
Starting point is 00:50:00 He's coming after his gangsta act, saying his winning plays, are built on lies. His whole career is built around foodery, fakeness, facades. And what's even worse is this is sparking a whole war online, with people accusing hustle of using kid rapper Lil King to push his gambling. Who takes a 12-year-old and promotes street gambling? But as the trash talk around, he keeps getting... This is like what someone on the subway would be watching without headphones.
Starting point is 00:50:30 You'd be like, can you put on headphones? and you just hear like, King, Mr. Gamble Thug is gambling. This is like what someone is watching on the subway that I would definitely not ask them to put headphones in. Yeah,
Starting point is 00:50:45 you're right. I would see they were watching this and I'd go, you know what? I'll get on a different car because this is not going to end well for me. It's going to end up with you getting stab. Scroll back down again because there's so much of these names. KJ. APA is having a full meltdown.
Starting point is 00:50:59 Marlin is losing everything now. North Scroval Coachella drama backfired. Viral Indian rapper is losing the fame. Damn. Belly dancing guy 2.0 is fading fast. Oh, no. Belly dancing guy 2.0.
Starting point is 00:51:15 Oh, man. Sway's last message is awful. I don't know who sway is. Phantam's truth is a nightmare. I just feel I've never felt older and whiter than reading these. It reminds me of every time I have to, you know, when you have to log into Facebook because you want to sell something on Marketplace. Yeah. And you just, for like three minutes scroll through and you're like, what is this place?
Starting point is 00:51:35 Yes. What are you guys doing on here? King 68 is off his rocker for this. I love that it's an AI voice because when it said because COZ, it went cause. Little RT is homeless. Oh, no. M. dot R did the unthinkable?
Starting point is 00:51:54 Oh, we got to see what M.D.R did. Good Lord. Oh, is it the fake being talented? Is this the Rasta guy? Is this that, is that who that is? Me, Karlin, do two mona. I have no idea. This guy faked being talented, and now he actually succeeded
Starting point is 00:52:13 because he blew up for pretending to be black in Jamaican. But after years of being treated like a joke, he's now become an actual superstar. Yeah, I don't want to be the best eyes. I am, but I don't want to be. You probably saw him on your 4U page singing about God knows what, and what he claims is a Jamaican lifestyle. language.
Starting point is 00:52:28 Big bomboclass for botanami head. He goes by the name M.R. And for a good while, he used to be TikTok's favorite meme, mainly because apart from rapping in a made-up language, he was always saying these absurd claims. Okay, stop. This is like, um, this is like, uh, he did an ancestry. My mom would watch. Hollywood, uh, access Hollywood.
Starting point is 00:52:50 This is like Access Hollywood for, for, it's Cocoa Mellon Access Hollywood. It's for babies to get their, to get their... It would be funny if it wasn't making young adults insane. Yeah. Go back to a different series. I thought you wanted the Salt Bay one.
Starting point is 00:53:11 Oh, yeah. Oh, boy. Yeah, let's see Salt Bay. Scroll up. Oh, there it is. Yeah. Oh, no. Salt Bay went bankrupt?
Starting point is 00:53:18 I wouldn't have seen that coming. Salt Bay went from bankrupt to rich again, but fans aren't buying it. He lost over $7 million. His biggest restaurant got closed, and he's been sued by his own employees for stealing their tips. But all of a sudden, he came back collaborating with the biggest food influencers, flexing his squeaky clean meat hospital and his Jack physique. On top of that, he's doing cringy AI slot videos posing as the main character.
Starting point is 00:53:42 And the most confusing part is it really looks like Salt Bay bounced back. As he announced, he's expanding his business into Milan, Mexico City, and a Biza. Not to mention the fact that he teased opening a new Dubai restaurant, which angered the fans even more. As they still remember the flame stunt in his Dubai restaurant that backfired so horribly, it injured four people. So now the entire area is divided. If he believes Sont-Ba's comebacks authentic, I'd say he found Angel. Stop.
Starting point is 00:54:03 His meat hospital and he's jacked. You couldn't write this stuff. This is so perfect. It's also very fun. Oh. After hearing him talk about, after hearing Evan Spiegel talk about the ecosystem he has, and then it's just this. Yeah.
Starting point is 00:54:22 Go, go, go scroll up there. Let's click, click Spotlight. I got to see what's the spotlight at the top. next to stories. So these are the top, these are the current top stories, the latest stories from top snap creators. And of course, the website
Starting point is 00:54:38 just doesn't work. Which is no surprise because this is a, what, a $7 billion company? Meta, meanwhile, at least Meta's got, oh, we got a beautiful Indian woman walk, yeah, turn on the sound. I guess that
Starting point is 00:54:56 you can't even turn on the sound. It doesn't even, it doesn't work. Wow. Okay, scroll down. Let's see. It's like a weird mirror. We got interiors. Oh, man. Oh, it's just all. What? It's just like, it's just fake. This was, I got a lot of this stuff when I, uh...
Starting point is 00:55:16 What, like Filipino couples? No, no, like clearly fake, uh, clearly fake like pranks and... Oh, sure. It's just like, um... There was one where a guy was, he was standing talking, talking, to a woman holding his phone in a way that no one has ever held their phone. He was standing like this. Uh-huh. And she went up to him and opened his camera app and slyly took a picture of herself and made her picture of herself the background of his phone. Wow. And then he went to check a text
Starting point is 00:55:53 and his girlfriend was like, oh, what the fuck? And it's like, what is it? It's stuff for like 12-year-old boys in India. I mean, it's just, it's, it's, um, the most unbelievable slop. Evan Spiegel, when you got a moat like this, maybe the world is yours. If I were Evan Spiegel, I would feel so
Starting point is 00:56:13 gross being around my supermodel wife, Miranda Kerr, I'd be like, yeah, babe, don't, don't open it. It's not, it's doing. The app's doing great, babe. It's doing great. Scroll down more. What, what else we got? Oh, oh, turn on the sound. We got Blake underscore 1181. Sound does not work on this website.
Starting point is 00:56:30 truly can't click that? Wow. The sound, it just doesn't work. That's pretty cool. Keep going down. I don't believe this has almost a billion. We got guys viewing. I mean, they got the reaction stuff.
Starting point is 00:56:45 I saw one where it was like a little blonde woman in the corner superimposed on the thing, just kind of like giggling to herself and like kind of just again, it's cocoa melon for, for, I don't even know who. For, who is consuming this dog shit? Oh no, the lady's shirt got caught in the, okay, and then, what the fuck, man? I see a lot of these. I saw a woman cleaning a tiger cage
Starting point is 00:57:15 and she opened the doorbacks and had to run away. It's a lot of, uh... Yeah. Like, what is this? Chinese, skinny Chinese women dancing. It's just, it's just a bunch of random crap. Um, oh my. my God, man.
Starting point is 00:57:32 It truly, like, imagine showing this to a pilgrim. They're very fever dreamy. Yeah. All right. Yeah, that's enough of Discover. It's making me feel crazy. Yeah, it's making me feel absolutely insane. It's making me feel sick.
Starting point is 00:57:46 Which, it does make sense that David Doberick is on there because I don't know who he's got as fans anymore. Seems like he's got, I don't know. And allegedly, as weird. Pizza lovers? Pizza lovers. Pizza lovers. Dobricks.
Starting point is 00:58:00 I do be seeing a line outside when I've driven by. Ocular surgeons are big fan of his. Oh, yeah, because of Jeff Wittick. Boy, that guy's pissed, man. And I'd be pissed, too. Although, you know, what were you expecting to happen? You get on a piece of heavy machinery that your friend is not qualified. I think he was pissed off more so that David Dobrick didn't express any sort of remorse
Starting point is 00:58:27 and then didn't even offer to help him financially when he's doing shit like, I bought my friend in Lamborghini. Ooh, that is brutal when your whole brand is buying people really expensive cars. And like, hey, sorry, we had this horrific accident that's potentially going to alter the course of your life
Starting point is 00:58:45 and abruptly end your modeling career. But... Oh, the guy was a model? Yeah. Yeah. He's a former drug dealer turned model. And now he's got a pretty successful. He seems like a really sweet guy.
Starting point is 00:58:57 And then, yeah, Casey Nystatt famously did a documentary on David Dobrick, but he realized it was too dangerous to release. The world couldn't handle the David Dobrick. Documentary? The DDD. The DDD. Yeah. Casey Nystatt threw his glasses was looking this way, but the interviewer was like, I'm actually over here. Oh.
Starting point is 00:59:19 Does he always wear glasses because he's so weird looking? Yes. Oh, no, it's because there is brain. Have you ever seen him without the glasses? Yeah, he looks like a. He looks strange. Yeah. His eyes are really deep in there.
Starting point is 00:59:32 They're hiding in there. He's got cavernous. Well, he looks okay. No, no, no. Do without glasses. They've like scrubbed all the... He looks like in an alternate universe, he would be a meth addict on the street.
Starting point is 00:59:46 But he took his life in the right direction. That's a crazy one. He almost looks like a cartoon that got its face smashed and then looks at the camera with like birds flying around his head. Yes, it's very, he's who framed Roger Rabbit coded. Yeah. Yes. I remember having no clue who he was.
Starting point is 01:00:09 And then his app that he had, Beam, BeamE or whatever it was in like 10 years ago, got sold to CNN for like $20 million. And I looked him up and I'm like, who the fuck is this guy? Yeah, dude. I am so behind the times, man. See, he was at least, I didn't know about B-Me or whatever. At least he had the wherewithal to be like, let me sell this app to someone stupid enough to buy it. It was CNN.
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Starting point is 01:02:25 Click the Wikipedia for it. What was BME? What was BME about? It was an unfiltered raw video sharing social media app founded by Casey Nystatt and Matt Hackett aimed at promoting authenticity over curated. It was like you, it only worked, I believe. Yeah, the app enables users to produce unedited two to eight second videos
Starting point is 01:02:44 which are immediately uploaded and shared without the ability to preview. So you just, I think you had to hold it to your. chest. I don't know how the app knew that. In CNN in their vapid desperation to cling on the relevance. All of this feels so 2014 coded. It's crazy
Starting point is 01:03:04 that Snapchat. It would be folded into CNN digital. I think they ended up kind of I want to say they backed out of it because that $25 million no way was that just given to them
Starting point is 01:03:21 outright. It takes time for it to vest contingent probably upon some kind of performance. And I want to say it either got clawed back or it just like kind of fell apart. Yikes. I also think I think a lot of the big apps are going to go the way of this. You know, obviously Snapchat is the most glaring example. But like Facebook is for nobody anymore. It's like it's pretty much on par with the way Snapchat is like it'll turn you into a crazy person. I feel like, it's, it'll turn you into a crazy person. I feel like Instagram is not, it's not long for this world either. It's going to eat itself and become a weird.
Starting point is 01:04:00 By the way, I posted a video on Instagram of Doug greeting me. I came home from a long weekend in Washington and I picked him up from the babysitters. I set up my camera and I got a video of him being happy to see me. And I was like, you know what I want to try to do? I want to try to do like a TikTok edit that's intentionally, I'm being ironic, you know? And I downloaded Capcut and I tried to do it on my phone and it was so fucking hard for me. And then they've got this AI feature where it'll just do it for you. It'll create various different types.
Starting point is 01:04:37 You just kind of tell it. I typed out, I was like, give me a dramatic kind of smash cut, you know, edit with music. And it created several. And I finally landed on one and it's got The Weekend. it's a song by the weekend and it's like it does those like pushing things
Starting point is 01:04:57 and and edits and nobody understood the joke everybody all the comments that I've gotten are like interesting song choice could you have picked a different song
Starting point is 01:05:09 and like Ben what's the matter with you and it's like it's a fuck do you not what's the matter what's wrong to be fair you do post Doug like it's your girlfriend
Starting point is 01:05:18 and it looks like you do slightly want to fuck him And it is a song apparently from the 50 Shades of Grey soundtrack. Did you hear about the Eli Lilly compassionate use exemption? Yeah, I don't believe that it's Trump. I don't know. So for those of you don't know... I think it's people just having a bit of fun.
Starting point is 01:05:36 Well, stat news, which is like the big main news source for all things, FDA and drugs and treatments and all that stuff, they reported that they reported that. There was a one-time, a single-person exemption case for this powerful new GLP-1, what do they call those, peptide? It's a red-a-trutide by Eli Lilly. And it was for a severely obese 79-year-old in a position of... But Trump did just turn 80. Yes. But the...
Starting point is 01:06:12 It could have been before then, yeah. The application was put in when he was still 79. And the woman I was listening on, this is why talk radio rocks. K and X 1070 AM News Radio. They had the woman who wrote the story on stat news. And she said, we do believe that it could be, it's a very high possibility that it is Donald Trump because he matches the criteria.
Starting point is 01:06:35 And also he has verbally expressed an interest in GLP ones for quite some time. And it is, you know, they did this exemption thing and all that shit. I guess as we round it out. Hopefully it's a very dangerous drug. I don't think so. Hopefully it's got a lot of risks.
Starting point is 01:06:58 If I were the man, can you imagine the hero that like switches out the vials? Or it's one of those things where it breaks off. What do they call those? The glass ones? Ampule. I don't know what that is. And ampule is, it's mind boggling to me how they're still delivered this way. Go to images.
Starting point is 01:07:17 It's a small hermetically sealed single-use vial, and it's glass, and you break off, you break it off, and then little shards of glass. Someone leave in the comments, let us know. And I've seen videos that explain how it somehow doesn't get glass in the needle. I don't know. Anyway. Surely we've come further than ampules. You would think. I really don't know.
Starting point is 01:07:47 Yeah, you snap it off and this is WikiHow. What a website, huh? WikiHaw. You won't need this anymore with your freaking snap specs, okay? It's going to tell you directly how to rip that ampule off and shove it right into the president. I wanted to show you guys
Starting point is 01:08:06 who your competition is when it comes to AI because these gentlemen down in Florida are really crushing it. There's this guy. I went on to his Instagram profile and it's really impressive. Every single video he takes, he's sure to put the time and the location.
Starting point is 01:08:24 It's always Tampa, because he's in Tampa. But this dude is working with, he's experimenting in AI. Let's watch this. He and his friends are making, he and his friend are making some huge progress. Was not kidding when we said we were building our own LOM.
Starting point is 01:08:43 Look at that. This is another brain system that will have organizations. organized all on a single dashboard. This kid's a fucking savage. I don't even know what he's doing over here. It's fucking impressive. But, yeah, we've got our own LOM.
Starting point is 01:08:58 I rebuilt the Naten. We've got, we're going to build our own systems. That's where we're at. We actually need more power. Navidia. We're going to get some computers from y'all. I'm going to tag you if you can hook me up. We're like really honest and things.
Starting point is 01:09:13 I think you guys would appreciate it. I don't think most people are figured this out. If they have, they're not fucking talking about it. Our clawed, our whole system, we do diagnosis on our system daily. We need more power. I mean, that's literally the problem we're running into. We have the ability to create based on the skills and the knowledge we have like really high-end video generation systems and all this stuff. We literally just need a computer that's going to do it. So I think I'm going to sell my fucking car this week. And I'm not even kidding. I'm to go buy some of their video computers
Starting point is 01:09:47 and get us a whole fucking setup because we're really, really, like, on to something I really, it's serious, it's serious. Yeah. We'll keep you all updated. We'll keep you all updated for sure. I hope he's doing an elaborate bit.
Starting point is 01:10:04 No, it's not. I went onto his system or onto his... Wait, don't go away because I do want to see the rest, but so when it was going all over Twitter and I just couldn't... I couldn't finish it. It's making me, I love how he says
Starting point is 01:10:18 Navidia. It's Invidia. And they don't make computers. They make graphic processors. And he just keep saying like we're on to something fucking big here. Like, I love when he says like this guy's a nut over here. I don't even know what he's up to. And the guy's clearly just like, yeah, I don't know what's fucking.
Starting point is 01:10:34 I like that he's got it on a TV tray. A TV dinner well their biggest problem is they don't have enough compute. But when they reaches out to Navidia but yeah, it's just I don't know. He's got actually a really high-end sofa.
Starting point is 01:10:51 He was showing... Clearly, the man is very, very, very bad with money. Because he's like, all right, we got the sofa's sick. It's fully reclined. It's got a massage. Massage feature. Heated seats. Surround speakers in it.
Starting point is 01:11:07 God bless this, man. Tampa, Florida. Play the last 20 seconds. I'm just curious. Follow button. We're going to release this. Fuck tokens. Fuck APIs. Build your own.
Starting point is 01:11:16 systems locally. We'll teach you how to do it or sell the products and it's just going to be one price a month, unlimited everything. Just fuck it, why not? Yeah, why not? Fuck it. You know what it was? This was happening
Starting point is 01:11:32 at the same time that that Oh, and I am not suicidal. Is that what he said? No, no, but that's what he should say. It's happening at the same time as that Jubilee video with that like little blonde kid you know what I'm talking about?
Starting point is 01:11:47 It's like one liberal man talks to... Oh, yeah, yeah, yeah. Henry, Dean... I don't know what his name is. But it was just... I was like, I can't be confronted with this much... Stupidity?
Starting point is 01:11:59 Yeah, it was just bumming me out. Yeah, it's a big bummer. Dean Withers, Dean Withers, Dean Withers. We're going to get copyrighted by Jubilee. But yeah, I was like, I just, I can't... Open the schools. It seems like what he's trying to make this guy, is kind of what PewDiePie made,
Starting point is 01:12:17 which is an AI, a locally run AI LLM that keeps everything self-contained so that you're not relying on chat GPT or Anthropic and you're keeping your data all in your own private ecosystem.
Starting point is 01:12:39 Yeah, which I'm not going to pretend like I understand this thing. I think it's called Odysseus. Oh, yeah. From what I can tell, what people are saying about it does seem genuinely impressive and they like what he's built and put a bunch of money into it.
Starting point is 01:12:53 Yeah, I need to check that out. Anyway, I would have no idea how to run them. I don't understand the idea of, I mean, I think the nice thing about it is that you don't have to you don't have to give all of your data to these companies like Chattee,
Starting point is 01:13:08 open AI and Anthropic. Yeah. And you can run them locally on your computer rather than having it just track all of your inputs and everything you're using it for, which would be nice. As someone who used it for, you know,
Starting point is 01:13:23 doing some citizenship stuff and having it help me out, I did, I was very happy it could do some things, but then I was like, hmm, I just fed it a lot of my... Oh, right. There's a lot of my shit now.
Starting point is 01:13:35 You know what else you can run locally? A mile, a mile, two miles. Oh, I like that. Why don't you put the computer down? Just do it in your neighborhood. Hey, thanks for joining us. this week. Be sure to give this video a thumbs up.
Starting point is 01:13:49 Leave a comment. Subscribe. Go to bin and amel show.com because we're going to go into the bonus. I'm going to tell you who called me a pussy in front of my mom. And it wasn't me.
Starting point is 01:14:04 And it wasn't a meal. Oh, I was going to talk about my Instagram post in the bonus. I guess I screwed that up. And I also had a very, very, very strange heavy rotation. heavy birtation chish
Starting point is 01:14:18 chives too had a very strange flight attendant that weirded me out and now they're dating and now we're dating and now we're dating uh okay everybody
Starting point is 01:14:29 we'll see you we'll see you there bye coming up on this week's episode of ben and ameel show.com you guys yeah man you fuck ew Toyota and Nate's cracking up
Starting point is 01:14:40 I'm cracking up my mom's like what putting a for the audio listener how old is this guy he made like 21 He made like a diamond shape with his hands and called me a pussy. I have not seen this. He didn't even smile.
Starting point is 01:14:53 He just went. Dead serious about it. Yeah. And I was like, it's a Toyota. They're reliable. Come on, man. Your dad, my other brother drives a tundra. And he's like, no, I don't know what it is.
Starting point is 01:15:06 You get to be like, you ever have a poop so big that the tube can't fit it? And then you also get to be like, air blades. He's not dealing with poops at all. He must have to think about them in his life. No, he's just making tubes for all he knows. You think he never thinks about the poop going in the tubes. Never thinks about the poop going. That's crazy.
Starting point is 01:15:22 I'll think about the poop doesn't. Every time I put a, every time I welded a tube on, I'd be like, poop's going to shoot right through this. If you are in a window seat, I'm a window seat guy. You are obligated to keep that thing open. That's not true. Don't listen to him. So that everybody can look out the window.
Starting point is 01:15:35 No, you paid for that one day. And enjoy themselves. Also, I get pissed. I feel like people open the, when people open it and it gets super bright in the plane, I'm like, yo, who the fuck? Well, yeah, that's... That's psychotic.
Starting point is 01:15:48 Don't do that. Close it in the middle of the flight, for sure. But take off landing, you need to fucking... No, you could do whatever you want. Tape that fucker shut. It is your God given right as the window seat passenger. My man got a hauls in his mouth. It's a ricola.
Starting point is 01:16:05 Ricola! You guys don't remember commercials. Ah, who gives a shit? That's a quick turnaround.

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