The Best One Yet - 🏎️ “200 mph on the Vegas Strip” — Formula1’s American youth. TikTok’s Mean Girls. Oil’s piggy bank party.

Episode Date: April 1, 2022

Maybe the dirtiest Facebook story of the year: Zuck borrowed a strategy from Mean Girls to burn TikTok. Formula 1 racing pulled a Ricky Bobby and now has a younger audience than the NFL or NBA… and it’s thanks to Netflix. And the President just made the biggest withdrawal ever of our nation’s oil piggy bank — but is it a firehose or a squirt gun?$FB $LSXMBGot a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYorkWant a shoutout on the pod? Fill out this form:https://forms.gle/KhUAo31xmkSdeynD9Got a SnackFact for the pod? We got a form for that too:https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewformID: 2106274Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. And this is Snacks. Daily, you made it to Friday, April 1st. Snackers, you may have heard some popping sounds in yesterday's pod. Jack, you want to do a full disclosure here? Yes. Nick and I are potting together.

We are. True. California. Beautiful. Gets me every time. Snackers, we're skiing this weekend, but we're fireside chatting by week. And this fire is loud. Unprecedented.

I'm concerned. So today's pod is not only the best one yet. No, it's also the highest one yet. It's literally the altitude. It's actually hard to perform. TBI. 8,000 feet. For our first stories, maybe the dirtiest Facebook story of the year.

Zuck has borrowed a strategy from mean girls to burn TikTok. Our second story is about Formula One. Yes. They just announced their third U.S. Grand Prix. They did. This one's in Las Vegas. Okay. The number one buzzy sport right now, it's Formula One racing. And it's because of a Netflix movie.

It's because of Netflix? For our third and final story, the United States, just smash the glass and pulled down that oil a lot. Yeah. Jack and I got one question. question for the new oil situation. Will it still cost $150 to fill up your Chevy Suburban?

Give her take. Snackers, before we hit that wonderful mess. That is a mix. Nick and I have some big news. Okay, we have some big news. Snackers, you heard us cover news of a collab yesterday. Elf Beauty and Dunkin Donuts.

Staling. Makeup and food. A rare combo, but it works. There's a reason Nick and I chose yesterday to cover that story. Because Jack and I have an announcement. We are launching our own metaverse. The first ever collab metaverse.

Snacks Daily is partnering with Pelotone. for a new virtual world. It's called the Sweeterverse. You take a spin class while listening to this pot. Like 15 minutes of you burning calories. While we whip up takeaways about the meta. So it's actually kind of meta. Yeah.

You get a workout in the Metaverse. Yeah, while listening to our pod about the Metaverse. And here's the best part. The whole thing. It runs on Sweatrisity. You know what that means, Jack, the Sweatricity. It's unzuckable. You can't suck that if you're a Facebook engineer.

And this Sweatricity idea way better than the original idea. Oh, are you thinking about? the Fediverse. I love the Fediverse. The Fediverse was a good idea. A cheese-based virtual podcast. Yeah, it was for the lactose intolerant virtual world. Let's fool our three stars.

It snacks about the hair ain't food. It's air candy. They don't reflect the views of the Robahood family. It's all informational just so. You know, we're not recommending any securities. It's not a research report or investment advice. Not an offer or sale of a security. Right.

Snacks is digestible. Business news for you. Robahood Financial. LLZ. Member Fenra. slash SIPC For our first story Have you heard about targeted victory?

Facebook's new strategy reveals that they are freaked out about TikTok. There was a lot of Facebook news. Like we couldn't decide what to cover yesterday, right? The altitude getting to you, right over there? Lost for words.

There was a lot of Facebook fans. We're focused on one story and the Washington Post broke this Facebook story and the opening line of that Washington Post scoop says it all. It says it all. Facebook pushed local operatives across the country to boost messages calling TikTok a threat to American children. Wow.

Wow. Here's the first thing Facebook did. I hired a Republican consulting firm called Targeted Victory for a smear campaign against TikTok. Now, when they met down to discuss what to do, here was the goal. Create anti-Tick-Tac pieces in the news. That's what Facebook wanted. Exactly. Like, Facebook gets so many negative pieces about them.

They wanted more about TikTok. How about these guys? They wanted to make parents scared of TikTok. Like in the 90s when we had the ads about drugs. And, you know, the whole life falls. Yeah. And the dream of Facebook execs when they signed this deal, according to the Washington Post,

was to get articles with headlines such as this. Okay. Here was a headline they wanted. TikTok, from dances to danger. And maybe their bonus goal was to sell the rights of this drama to Netflix or Hulu. I've been visiting like a six-part serial podcast. This is literally a quarter. corporate style burn book.

Snackers, this is a burn book. Facebook is using high school mean girl strategy right now. Yeah, exactly. Instead of Amber Dolesio made out with a hot dog, its TikTok will ruin your kids. All right. Here's one example of this operation. Targeted victory was spreading a rumor about a challenge on TikTok called slap the

teacher. Yeah, slap the teacher sounds like a pretty bad challenge. Sounds like an awful thing for your kids to be participating. Pretty bad. So they push news stories about this. TikTok drenched to scare parents. They wanted articles about this slap the teacher challenge. Here's the problem.

This is wild. It wasn't a thing. That wasn't a challenge happening on TikTok. It didn't even exist. Here's another example. The Denver Post recently published a scary letter to the editor telling parents, warning parents about the risks of TikTok to children. Specifically TikTok just for kids.

All the ideas in that letter to the editor were from the consulting firm, which was being paid by Meta. Exactly. It all fits together like a scary breadcromb situation. This is the kind of subtle corporate sabotage that only Gretchen Wieners could pull. And she knows it. Now here's the wildest part of the start. This is, this is just the sit down stand. The Washington Post asked a meta spokesperson for comment, and they did not deny the story. Facebook doesn't deny that they did any of this. A meta spokesperson defended their campaign against TikTok saying, and I quote, all platforms should face a level of scrutiny. We'll just let that sit there. So, Jack, What's the takeaway for our buddies over at Facebook?

Regulation isn't Facebook's biggest threat. TikTokers, Snackers, if you cut the population of America off at 20, then Facebook doesn't exist. TikTok already won. Yeah, it's defeated Facebook for Gen Z. TikTok is literally the most popular app among teens by far. Two thirds of American teens. Two thirds. Use TikTok every day.

Facebook isn't even in the top 14 apps. Jack, I'm looking right now. It trails Snapchat, YouTube, and Instagram. Now, Instagram is part of it. to Facebook, but they're concerned about Lusentines too. Right. And that's why they're Zucking TikTok with every of the latest Instagram feature. Now, yeah, Zuck is building a metaverse for the future. But that's probably because TikTok is taking Facebook's present.

Yeah, today. TikTok has literally replaced Facebook in its most important demo. Youths. So Zuck and Kyle, they're taken off the gloves to stop TikTok's advance. With the smear campaign that they apparently stand by. For our second story, Formula One, racing is the ultimate sport if you're a European duchess. But Formula One is going from yacht owners to just like backyard owners.

I was like you admit. Jack, first of all, you sound like a dog with peanut butter in your mouth. Classic Jean-Paul-Gerard. That's the guy. Formula E! The best thing to happen to Formula One in America was Ricky Bobby's Talladegan ice. Formula One's brand got like shaken and bacon and it was fantastic. Formula One's. Snackers, Europe's rice car league.

Yeah, it's basically NASCAR's coastal elite cousin who studied abroad in Marseilles. Europe's race cars, the F-1s. They aren't as fast as indie cars. Good point. But they are a more precise chassis than any vehicle out there. But Jack, the news about Formula One. Europe's Formula One is coming to America. Snackers, behold, the Las Vegas Grand Prix race, which will now be by Formula One. If you were going to have a Formula One race in Las Vegas, how would you do it,

Okay, Jack, I'd probably begin it past yours in my bedtime. I'd do it late night. Yeah. This race, which is November 2023 and then probably every year thereafter, begins at 10 o'clock local time. So it's going to have to, like, record this for me. Cars are going to go 200 boughs per hour, around a four-mile loop that includes the Las Vegas strip.

Yes. 50 times. It's going to be a lot of fun. It's going to be another thing in Vegas to lose money on. Now, this is happening as Formula One transforms its image faster and quicker than any sport we've seen. Formula One is becoming diverseer, younger, and Americaner than Formula One ever expected. Okay, before we talk about that, Nick, please, Jack.

Historically, Formula One is the yacht craft. Yeah, you got a second home in Monaco, and that's where you keep your collection of Cartier. You see Formula One's luxury fan base in the sponsors of Formula One. Okay, Jack, they got Rolex, and they got Emirates Airlines. And they got Ferrari and Mercedes and Audi and Porsche. But Snackers, despite years of this brand image, Formula One has... has rapidly changed. An influx of American fans of F1 have dropped the average age of a Formula One fan from 36 to 32 years old. This is what Jack and I find fascinating about this story. That means that the

average Formula One racing fan is younger than the average baseball, basketball, football, or hockey fan in the U.S. Formula One fans are the youngest of them all. Yeah, exactly. So, Jack, that Formula One race from last year in Austin. That's right. There's also an Austin in Miami Formula One race already. So Las Vegas is. in the third. Austin, Texas had the biggest Formula One race ever. 400,000 people. This wasn't even in Barthalona. That's like Vermont. Yeah. Showed up to this one race in Austin. Half the fans are probably 20-somethings working in tech marketing. Yes. By the way, Formula One is owned by a company called Liberty Media. Yes, Liberty Media, which also owns the Atlanta Braves and Sirius XM Radio. Now, Liberty Media,

they're a very American stock that happens to be up 60% in the last year because they're just They're enjoying these chassis. They're having fun. So Jack, what's the takeaway for our buddies over at Formula One? There's a surprising reason Formula One has become so relevant in America. Netflix. Total head fake air. We didn't see this coming.

The key reason why Formula One racing is beating football for Gen Z is because in Netflix, Netflix, Netflix. You may have seen the Netflix series, The Drive to Survive. It has popularized Formula One in America. Netflix calls it docu-fiction because it's about racing, but they're full. fictional elements. Did you like it? What do you think? I watched one episode and was done. Some critics say that the beefs among the racers they show, they're totally dramatized to make the plot more. But apparently after most of the country has binged four seasons of this Formula One docus series, the Netflix audience is now interested in the

nonfiction. They're interested in becoming fans of the actual sport. And this year, Formula One is going to have more races in the United States than in any other Formula One country. F-1's audience has transformed and Netflix has been. Binging Base helped it happen. For our third and final story. Our fire died. We forgot the snap crackle pop. Oh. Well, you built that fire.

I know. I take full response. Snackers for our third final story. Kindling. Kindling. It's a verb I'm not familiar with. It's a noun. President Biden just smashed the glass and is pulling the oil alarm. The strategic oil reserves are getting tapped.

and the biggest tapping in American history. Canada Snackers. Canada, the nation of Canada has a strategic maple syrup reserve. That's not what this story is about. That's a real thing, though. Vermont doesn't eat one because we're so reliable. Well, apparently in Canada, they have an emergency supply of maple syrup. Quebec's economy depends so much on that pancake topping.

They have like five football-sized facilities storing. Now, that's up north of the border where, you know, they like their pancakes. Here in the U.S., we have a strategic oil. Reserve. A strategic petroleum reserve made up of 568 million barrels of oil stashed across the country. America set this up in 1977, shortly after we had our own oil crisis. And that wasn't fun. No, it wasn't. So that's why we did this. It's basically four government sites with deep underground storage caverns. I'm picturing like ringots. During the good times, we stash our extra oil down in those caverns so that we can tap into it during the back. What we're saying Snackers is this is basically a piggy bank

of oil. It's a secret stash, like the money you stick in your glove compartment, where you bury in the backyard. Exactly. You don't know what's going to happen. Well, President Biden just announced, we're going to tap that. The Strategic Petroleum Reserve. We're tapping it, again, starting in May, he's going to release a million barrels of oil every day for six months. This is the largest drawdown of the oil reserve ever. This is the biggest ever. This is tapping the tanks like it's a SIGAT party. We already get oil in this country from underneath America's soil. And we also get it from importing oil from other countries.

But starting in May, we'll get even more oil from these huge government-owned petroleum piggy banks. Now, the hope is that supply, adding all this extra supply, is going to reduce the price of oil. And that will combat the Putin price hike, as Joe Biden calls it. Well, on expectations that a whole bunch of oil is about to enter the market, the price of oil actually fell 7% yesterday. But is that going to ease the pain? at the pump? Is that going to help your fill up? So, Jack, what's the takeaway for all of our buddies

who use gasoline? The president is doing something, but that something is kind of nothing. Yeah, Snaggers, here's just the reality. The president and the president's political party, they're held responsible for high gas prices. Even though it's the market and international forces that drive oil prices most, not public policy. With midterm elections coming up, the president is now showing he's doing something. But he already did something in November. True. When he released 62 million barrels of this oil. Yeah.

And price is still rose. Which was counterintuitive. So now the government is smashing the glass and pulling the oil alarm again. But analysts, they don't think this is going to reduce your gas price by much. Instead of pulling out a fire hose, this may be a squirt gun. Jack, can you whip up the takeaways for us to end the week? Facebook has reportedly hired professionals to smear TikTok. Yeah, Facebook didn't deny it because TikTok is its greatest threat.

Our second story, Formula One, surging in populace. in the U.S. So it's coming to Vegas. Yeah, it's basically like the young person sport. And it's all thanks to a Netflix series. Our third story is President Biden. He's smashing the glass and pulling the oil alarm again. So he's doing something, but it's kind of a nothing.

Now, time for our snack fact of the day, which is a follow-up snack fact of the day, sent in by Clayton Rogers from lovely Columbus, Ohio. We told you last week that every human has a tiny bit of gold. Gold. There's gold. Silver and gold. Right there in your cap. There's gold in every Homo sapiens body.

It's a tiny amount. Yeah. But it's still gold. Now, he did some math over there in Columbus, Ohio, and there are seven billion humans on Earth. And each one has 0.2 milligrams of gold in them. That means there is a ton and a half of gold just walking around the earth and human beings right now. Mobile gold. It's there.

Not in the ground. It's above the ground. That's gold, Jerry. Gold, Jerry. Snackers, you looked fantastic this week. Jack, I'm going to go close the floor. Don't. Close.

Well, here's a good. You pour a bucket of water on it until there's no more smoke. And then you pour another bucket. That's actually a campfire. All right. Nick is Nick, this Jack, this is smoke of the bear. Only you. Only you can prevent kitchen fires.

Snackers, we actually have to put out the fire. Jack and I will see you on Monday. And before we go, congratulations to Claudia H. and Drew Mill. Having a Fusion Indian wedding over in Los Angeles sounds fantastic. Congrats to Samantha and Max. We're getting married in Corona, California. It's going to be lovely. And Julie and Sherwin Damdar just got engaged in Rochester on one name.

Jake and Cody put on a concert. Yeah, there you go. That's pretty good in College Station. And Spencer and Marina just got back to San Francisco from their honeymoon. It's a hard transition. Congrats to Amabel for getting a new job in Carson, California. And happy 20 years to Clintzman Financial Planning over in Texas. Happy anniversary to Michael and Ashley in Oklahoma City.

And Catherine and Chris Jr., moving all the way to Utah, enjoy. And big ups to Michael from Dublin, Ireland. He just landed his dream job at Microsoft, nailed the case study interview because of a story he heard on this pod. We whipped up a takeaway. We are thrilled to hear that. Love hearing that Michael. And Chris Trev Williams, enjoy celebrating that birthday in Plyadal Carm in Mexico. Happy birthday to Zachary Banks in Las Vegas. And Cat Dad, Ryan Suza turning 35 in Marblehead, Massachusetts. Happy 30th to Roberto Ayora in Mexico. And happy birthday to Autumn for Leck and turn in 24 in San Ramon. Happy 10 years to Paul in Wildwood, Missouri.

And Ali, the longtime snacker in Salt Lake City. Happy birthday. Happy birthday to Teresa U. in New York City. And Brittany in Stevens Point, Wisconsin. And finance legend, Isabel Hastings in South Salem, New York. And Nitchie Ayer over in Edison, New Jersey. Happy birthday.

And Jaberie. Happy birthday in Berkeley. This is Jack. We both own stock of Pelton. still and I own stock of Netflix. Robin Hood snacks, newsletters, and podcasts reflect the opinions of only the authors who are associated persons of Robin Hood Financial LLC and do not reflect the views of Robin Hood Markets Inc or any of its subsidiaries or affiliates. They are meant for informational purposes only and are not a recommendation to buy or sell any security,

cryptocurrency, or investment strategy in any account. This is not an offer or sale of a security, not a research report, and is not intended to serve on the basis for any investment decision. Any third-party information provided therein does not reflect the views of Robin Hood Markets, Inc. Robin Hood Financial LLC, or any of their subsidiaries or affiliates. All investments involve risk, including loss of principal and past performance, does not guarantee future results. Robin Hood Financial LLC, member FINRA, SIPC. That's gold, Jerry.