The Best One Yet - 🐎 “Apple + Lamborghini = iCar rumors” — Apple’s Trojan Horse. BeReal’s selfie moment. TicketMaster’s Sprinsteen price.

Episode Date: August 1, 2022

Apple just hired a Lamborghini vet… and we think Car Play is Apple's Trojan Car Horse. BeReal is #1 overall in the App Store right now — so naturally, Facebook is zucking it. And TicketMaster just sold tickets to a Bruce Springsteen concert for over $5,000 and fans are angry — because Dynamic Pricing is Born to Run.$AAPL $LYV $METAFollow The Best One Yet on Instagram, Twitter, and Tiktok: @tboypodAnd now watch us on YoutubeWant a Shoutout on the pod? Fill out this formGot the Best Fact Yet? We got a form for that tooLearn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.

Oh, I got, it's time to be real. Is that right? I got a time to be real. Yeah, get involved. It's time to be real. Dude, take the pick. This will be our post. This will be our post on Monday.

It's time to be real. It is. We're being real. I'm about being real. All right, here we go, here you go. I'm being real. Oh, I got you in the fair. Ready, three, two.

This is Nick. This is Jack. Welcome back. It is Monday, August 1st, and today's pot is the best one yet. TVOI, welcome to August. July, we love you. July, that was amazing. July, the middle of summer.

Nothing's going on, but we just had the best month for the stock market since 2020. Lather on some SPF, because the markets are getting hot, baby. Jack, I'm getting crispy. What's our first story? The real Apple story right now is not the earnings they announced last week. No. It's Apple's new Lamborghini. Yeah, we got an Apple car update.

It's a Trojan horse. For our second story, the number one. in the entire app store? It's not TikTok. It's not YouTube. It's not Instagram. It's Be Real. The anti-social social network.

Our third and final story is Ticketmaster. They just sold some Bruce Springsteen concert tickets for $5,000 each. The people, they were angry. Because dynamic pricing is born to run. Baby, it was born to run. We were born to run. That's fine. They were born to run?

But yeah, it is, before we hit that. Wonderful mix. I love this mix. Perfect mix. I just love this mix. It's Horters Almanac week 122. Yeah, things were running out of because the pandemic, Jack and I haven't keeping track for you. Except this week, we're not. No, because we got to reverse a previous chapter of the Horters Ammanac, Jack. Back in week 83 of this pandemic, we were running out of avocados. I remember. Well, Jack, the U.S. band imported avocados from Mexico. It was dark times. But, Nick, Mexico cleaned themselves up. And the U.S. unbased. avocados for Mexico pretty quickly.

You probably didn't even miss a single avocado test. But get this, now we have too many avocados. Oh, we repeat. Australia, they got another avocado surplus. They got enough avocados down under to drown a koala. Jack, I heard the zoos are feeding kangaroos pokey bowls. Here's why, five years ago, the Australian farmers decided, let's invest in planting new avocado trees.

Oh, five years later, those trees are barren fruit. literally, actually too much fruit, like way too much avocado fruit. And the surplus has plummeted the price. One avocado is just $1 in Australia. They're $2.60 here. So Jack and I are looking at the situation this weekend and we said, you know what? That's an avocado arbitrage opportunity. Buy the avocados where the price is low.

Exactly. And then turn around and flip them where that price is high. Jack, what's the average price of an avocado in the U.S.? $2.60. Uh, Jack, what's the price of a round-trip flight from San Francisco to Sydney? $1,200 bucks. So if you and I fly down under to haul back avocados and then sell them in the United States for $2.59 each undercutting the competition.

That'd be $1.59% profit for each avocado sold. I'm so facto, you and I only need to sell 755 Australian avocados to break even. Nick, I'll see you at the airport. Packlight. Let's carry on our three stories. Here we go. years before this song. Two boys from the Northeast met in the dawn.

They had an idea to cause a cultural storm. It's the 50%. That's a fat tip. Tea Boy City on your at list. If you know, you know, because we're ready to go. We can't wait no more. So just start the show. For our first story, Apple just reported in spring earnings.

And honestly, they were better than expected. But they didn't mention the Apple car because that's a secret Trojan horse. So that's all that Jack and I want to talk about right now. Actually, when we did open up Apple's earnings, Jack and I, we really said like one word. We said few. Yeah, we needed Apple's results because meta and Intel led tech with some awful earnings. And then Twitter and Snapchat, they had some awful earnings, too. But Apple went full iPod Pro neck.

Yeah, they did. The stock jumped 6% last week and we needed it. Apple, they sold more iPhones than last year, and that's amazing. Because last year's iPhone sales were up 50% from the year before. add up all those Apple numbers, that helped make July the best month for the stock market since 20th. So Nick and I did jump into the earnings and we did Control F, the transcript of the earnings call. And Jack, how many times did we see the word car? Apple execs didn't say car once.

Okay, but Jack, how many times did we see them say the word Lamborghini? Zero times. Okay, yeah, we didn't see car or Lamborghini. But that's strange. Isn't that strange? It's strange because last week, Bloomberg reported that Apple made a huge revenge hire in their car division. Because Johnny Ive, the guy who literally designed Apple's iPhone, he doesn't work at Apple anymore. He's working at Ferrari. So if Ferrari has Apple's old iPhone guy,

okay, I'm following you, Jack. Then Apple wants a Lamborghini guy. Which brings us to some PFWTM, some people familiar with the matter. Some people familiar with the matter said that Apple hired Luigi Taraborelli, a 20-year veteran at Lamborghini. Now, Luigi hasn't designed an iPad, but he has a $200,000 chassis. So Apple just hired, according to Bloomberg, the head of chassis and vehicle dynamics of the ultimate luxury car brand, Lamborghini. And yet, despite everything, Jack and I just told you, Apple gave zero details on the I-Car Apple car rumors.

It's never said anything official about their I-Car, so it's possible they never make an I-car. Probably going to get the return to the iPod before we get this Apple SUV. But here's our thought. Everyone is focused on speculation of Apple's physical car. They're missing Apple's digital Trojan horse. Oh, so Jack, what's the juicy takeaway for our buddies over at Apple? Apple CarPlay could be the perfect Trojan horse.

Besties, Apple CarPlay, you know, that beautiful software extension from your iPhone into your car screen. At Apple's last product unveil in June, we covered on this pod the improvements to CarPlay, because we thought that was the most interesting part. And that's because in the future, Apple CarPlay, it's going to include car stuff, not just like your phone app stuff. CarPlay already does GPS at music. But in the future, it's going to have RPMs and miles per hour. The high beams, it'll have the check engine light in CarPlay. Well, get this. Apple's research says a whopping 79% of us, us U.S. car buyers, we will only buy a car if it has car play.

So GM and Honda are focused on the engine, the Pistons, the V8. but it's the infotainment screen that people care about. It's the car play. And as Apple CarPlay controls the data of more and more cars, that's some valuable information. Because Apple can use that data to eventually build their own perfect car. And that's why CarPlay could be the perfect Trojan horse. Our second story, the number one app in the app store right now,

it's Be Real. That's the app. It's about to get real for Be Real. because Instagram just sucked it. Yeties, four months ago, we covered the fastest growing app on college campuses. Yes, we did. The Be Real app. We're talking about Paris-based French app, Be Real. Not like the alt Instagram, it's literally the anti-instagram.

This is opposite day, but for Instagram. It's like Superman spun the world around in the other direction, and that gave us Be Real. That's this app. Now, two months ago, Be Real hit a $600 million valuation because it's growing so fast. We'll sit down, stand up and sit back down again because two days ago, Be Real became the number one app overall. Ahead of YouTube, ahead of Instagram, ahead of TikTok. What Be Real strategy really gets down to is the satisfaction of limitation. Be Real forces you to do less with your social media.

And that is why it is 100% unlike Instagram. Rule number one of Be Real, you can only post one time per day and that one post can only have one picture. This means the death of the photo dump, right, Jack? No more photo dump? Like Eminem said, you only get one shot. That's rule number one, Jack. How about Be Real rule number two? No filters and no likes.

Yeah, it's not a popularity contest on Be Real with that couple who's in Meekanos for three months, apparently. Right, and since you're not in mechonos, your skin's pale. Yeah. And that's okay. Yeah. No filters allowed. It ain't in Bora Bora. We're not going to judge you.

Rule number three, this is the most novel one of Be Real, we think. Yes, this is the one Jack and I like the most. And this one actually, this hit us today. This one affected us today. They tell you when to post. Like, literally, Jack and I were prepping this pot and then like, we get the notification. We got to be real.

We already said you can only post once per day. But you don't decide when. Be Real does when they randomly send you a notification that you have two minutes to make your post. That's it. So, like, you can't just pick the perfect picture with the palm trees adjacent to the daquery right while the sun's up. You don't get that choice.

No matter what. you're doing. When you get the notification, you have two minutes go and you have to take a picture. You can't pick something from your camera real. You got to sprint over to that infinity pool if you want that in the frame. Be real. Whatever is in front of you, take a picture. But let's talk about rule number four, Jack, because rule number four is another unique identifier of be real. And guess what? Yeah. Facebook just sucked rule number four. Cliffhanger. So Jack, what's the takeaway for our buddies over at be real? As rapper Rico Ritchie said, If you ain't got no haters, you ain't popping.

Behold, rule number four of Be Real. Two cameras, each post is a selfie and an outy. Each post is both who's holding the cam. That's the selfie. And what is happening around you. That's the Audi. It's fun. Every post is two picks.

Exactly. It's unique to be real. And that's why back in March, we said Instagram was definitely getting ready to copy Be Real. Oh, well, what happened this weekend, Jack? Instagram, which is in a embarrassing mid-level. that crisis. That's well played. That's well put. Launch something last week for Instagram called dual. And guess what? It's a bladen

zucking of B-reel's two-camp posting, which is rule number four that we just told you. Honestly, every Facebook product meeting, what are cooler apps than us doing? Okay, go copy that. Well, Be Real just hit number one in the app store. It should be time for them to monetize, but instead

they got to turn to fighting Facebook now. It's about to get real for Be Real. Because if you ain't got no haters, you ain't popping. And now a word from our sponsor, Robin Hood. Nick, you got introduced to the Robin Hood app the old-fashioned way, right? Yeah, I did. My girlfriend now wife's older brother, who was that guy who worked in tech and, like, knew about the next iPhone before Apple did.

He told you about the Robin Hood app. You told me about the Robin Hood app. All right. So you signed up because you wanted to buy a stock. Because, like, it was hard to figure out how to buy a stock when you're 25 and it's 2014. Yeah, back then you had to find a broker. Call a broker on the phone. Call them.

Pay a commission to that broker. Instead of calling, suddenly there was his app. You just swipe and you could buy the stock. It's interface felt as easy as ordering an Uber or snagging a sandwich on Seamus. And it still is. So if you're not a Robin Hood user yet and you want to get started, you can go to Robinhood.com slash T-Boy and you can choose, get this, a free stock. That's robinode.com slash T-B-O-Y.

Certain limitations apply and all investments involve risk. Robin Hood Financial LLC member SIPC. Robin Hood, by the way, no longer affiliated with us or the podcast. For our third and final story to kick off the week, Bruce Springsteen is the boss you love, but he just became the boss you hate. It all comes down to dynamic pricing and scalpers. Yeties, remember last week? We were telling you about the millennial pivot, the brand new millennial pivot.

We're pivoting our spending from material things during the pandemic. Yeah. Back to the experiences we've always loved. Apparently, it's not just millennials. Boomers, they want in on the live action action too. Boomers love Bruce. I got to say, I love Bruce. I love Bruce.

Who doesn't love Bruce? I love Bruce. So it wasn't a surprise when Bruce Springsteen and out. It's his 20th tour, but it's his first tour in seven years. Yeah, you get to see the wrecking ball. Born to run, born in the USA, born on Thunder Road. He's been born everywhere. Born in Philadelphia, right?

I couldn't hear. I was too focused on the harmonica. That's a valid excuse. But yet he's, the surprise wasn't the concert. The surprise was the $5,000 tickets. Oh, I just got the bill. Can I speak to the boss, please? Nick, would you like to go see Glory Days and Bruce in the East Street band with me?

I would love to. One second. Let me call my banker and take out a home loan. Yet he's Ticketmaster is producing this show. And the $5,000 ticket price was the popular headline last week. Met with outrage. We repeat. We're talking about Bruce Springsteen here.

Blue Collar Bruce Springsteen. He's selling $5,000 a seat tickets? Bruce one time wrote an entire album about like hating on Wall Street. $5,000 per ticket sounds very Wall Street of him. But here's the thing that Jack and I should point out. only a fraction of those seats were actually $5,000 a seat. It's probably just the front row very, very best seats. According to Bruce's manager, the average ticket price for these concerts,

it's actually like in the mid-200 range. This is no 10th Avenue freeze out. That's not cheap mid-200s, but we're talking about Bruce. What do you expect to pay? 250 bucks to see Bruce's Jungleland? Yeah, we'll shell out for that. The reality of this outrage is that Bruce is victim to a complex problem that Ticketmaster is trying to help solve.

And it comes down to ticket resellers, the Scalpers, and dynamic pricing. So, Jack, if you can't start a fire without a spark, what's the takeaway for our buddies over in the concert industry? When tickets are priced low, you and I don't win. The artist doesn't win either. Scalpers win. Yeties, we bet Bruce Springsteen would love to offer us all tickets for $10 each. He would. The guys made a ton of money.

He would love to let everyone watch Bruce and hear that East Street harmonica, regardless of your money. But Bruce has tried something like that before. But his fans, we don't end up paying 10 bucks for the tickets. We end up paying hundreds. End up paying hundreds because of ticket resellers. The scalpers. The bots in the scalpers snatch up all the tickets for 10 bucks and then resell for a huge markup, a lot like our avocado scheme in Australia, Nick. It's going to work out great. Trust me, Jack. So just like the airlines, Ticketmaster is using dynamic pricing. The seat price changes as the demand changes. Ticketmaster is predicting, based on other top concerts,

what the final price of tickets should be for the best seats at the concert. Then, by selling tickets at the high-priced scalpers would have sold them for, Bruce gets to keep all that money instead. There is outrage right now because some tickets to Bruce concerts are so high. But when prices are low, it's not the fans who win. It's the scalpers. Jack, can you whip up the takeaways for us before we hop on that Qantas and start shelling out for this?

These avocados. Apple's earnings were what the market needed. But they didn't say a peep about the car. Car play. It could be Apple's perfect Trojan car horse. For our second story, Be Real has shockingly risen to number one overall in the app store. So Facebook is sucking it. If you ain't got no haters, you ain't popping.

For our third and final story, people are mad that the top Bruce tickets are $5,000. If Bruce had priced them low though, it's not the fans who would win. It's the scalpers. Now time for the best fact yet. And this one comes from Jack and me because we just saw a fantastic fact over the weekend. We saw this stat we had to share it. Do you want to know how much money ExxonMobil the oil company made last quarter? Jack, can you whip up for us how much money ExxonMobil the oil company made last quarter?

They made $2,245 in $62 every second. We repeat $2,245 in profit every single second. So in the 28 seconds, we've been saying. saying this fact, ExxonMobil has made $62,877.36 in cold, hard, oily profits. One sec, Jack, I'm keeping time and make that $65,122.92.98 while we've been saying this fact. And remember, oil companies don't celebrate profits. They whisper that. 71,283. Yeties, you looked fantastic to start the week. And remember, if you want an avocado, Jack and I are pricing

them one cent lower. $2.59. Nick and Jack's avos. But no matter the price, Gwok is still extra. But one cent less extra if you buy from us. If you know. And before we go, congrats to Yeti's Desiree and Jeff, who just bought their first house on the other side of the bank. And congrats to David from Boston, who's going from the sell side over to the buy side. He's going full Charlie Munger. And congrats to Marley S, who's got her first day as an intake coordinator over in NYC. And Kevin Gomez, congratulations. Congratulations. the new job down the street in San Francisco. And congrats to the whole 2022 cohort at the University of Arkansas Razorbacks EMBA program.

And a happy birthday to Caitlin Santana over in Philadelphia. Happy birthday to Alex Tabachnik, a seventh generation Jewish soup maker over in New Jersey. And Vodant, happy birthday in Kirkland, Washington. Happy 40th to Dan the Home Inspector Lynn in Hoboken, New Jersey. And a happy 60th to Jerry Cummins from Boston just outside of Boston. And to anyone else celebrate something today, make it a T-boy. Celebrate the wins. This is Jack, Nick and I both on stock of Apple, Twitter, and Robin Hood.

And now a word from our sponsor, Robin Hood. The first time I tried to buy a stock, I got burned badly. Is this when you wanted to buy a share of Ford? Because you like the chassis over in Detroit? Yes, I had $200, so I bought $200 of Ford stock. I didn't get $200 of Ford stock, though. I got $192. Oh, the commission fees.

By the time the stock climbed back to $200, I sold it, but again, I didn't get $200. I got $192 again. Another commission fee. The stock rose 8%, but I was down on my investment. Because commission fees made small money investing impossible. So Robin Hood came in and killed commission fees. And commissions are still dead in stock and crypto trading, thanks to our sponsor. If you're not investing on Robin Hood yet, to get started, go to robin hood.com slash t-boy and choose a free stock.

That's robin hood.com slash T-B-O-Y. certain limitations apply for a list of other fees. View their fee schedule at RBNHD.co slash fees. All investments involve risk. Robinette Financial LLC, member SIPC. Oh, and by the way, Robinette is no longer affiliated with us or the podcast. And the stocks Jack just said are for illustrative purposes only and are not recommendations. That just felt great to say. Dude, I love, I love the introduction. People like, what are you and Jack think of the competition?

out there. Honestly, if you ain't got no haters, you ain't popping.