The Best One Yet - 🥡 “The 1st ever Eatable Ad” — DoorDash’s streaming meal. JPMorgan’s timber forest. ChatGPT’s zuck du jour

Episode Date: February 8, 2023

DoorDash and Roku just launched streaming food delivery because binging requires binging. JPMorgan (the bank) just bought 200K of trees (a forest) because money does grow on trees. And in the last 48 hours, three different companies have launched ChatGPT copycats — It’s not a Zucking, it’s a “Zuck du Jour.”$DASH $ROKU $BIDU $GOOG $JPMFollow 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.

This is Nick. This is Jack. It's Wednesday, February 8th, and today's pod, out of all the pods, is the best one yet. Yesterday, we had the most important technological accomplishment of the year so far. Beyonce tickets went on sale. And Ticketmaster didn't crash. Yeties, we repeat. They didn't break Ticketmaster.

That's a win to celebrate. One small step for man, one giant leap for the beehive. Jack, what is the first story for today's pod? Ash just partnered with Roku and Wendy's to launch eatable TV ads. Because when you're binging, you should also be binging. For our second story, J.P. Morgan Chase is a bank, but they just bought 250,000 acres of forest. Because money does apparently grow on trees. And our third and final story, in the last 48 hours, three different tech companies have launched

Chat-GPT copycats. Basties, this isn't a zucking. It's a zuck-de-jjjee. But Yetis, before we hit that fantastic mix of three stores. I love this mix today. This is a great mix, man. We got pronunciation problems. Yeah, we got pronunciation problems.

Yetis, yesterday, we shared the top brand names that we all say incorrectly. Besties, you put the wrong emphasis on the wrong syllable. For instance, IKEA is actually Ikea. For example, Adidas is actually Adidas. So we asked the Yetis for more corporate pronunciation problems. problems. So Jack and I asked the besties for some articulation aggravations. Well, we got one from K. Gilday. You know the hotel chain Marriott, Nick? I know it well. How do you actually say it, Jack? It's actually Marriott, like chariot. Marriott is really Mariet. And how about this one from Michael Ham?

The Korean car company, Hyundai. Yeah, it's not a Hyundai. Jack, what is the real pronunciation of that car company? It's Hyundai, just like Sunday. It's Hyundai, not Hyundai Hyundai. Fallon Stewart, come on down. Tell us how to pronounce the Spark. sparkling water, Lecois. It's not Lecois, it's Le Croix. Yeah, it's named after a river in the Midwest, not a vineyard in France. Speaking of France, Dave Pitt tells us that the fancy French champagne brand Vuv Clico. What's that one really?

It's really Vueuve Clico. Vuev Cliquois. Finally, let's go south of the border to Dustin McNeil, who points out that your uncle's favorite chunky sandals. You know those Teva's neck? Is it called Tevas? Because I have a feeling the pronunciation isn't absolutely. Actually Tevas.

It's Teva's, Yetis. Teva, like never have I ever. So, Yetis, you look fantastic today. But you sound fantastic today. Even if you added a hard G to a soft E at the end of a vowel with a double consonant. The English language, it can be egregious. Phonetics, they can get freaky.

So yeah, let's hit our three stories. Let's hide them. Is this pronounce hit? Yeah. 15 years before this song, two boys from the northeast met in the dawn. an idea to cause a cultural storm. It's the best P-percent.

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. Start the show. For our first story, DoorDash, just partnered with Roku and Wendy's for streaming food delivery. This is a case study in doing less.

But Jack, to kick things off, let's begin with our hero stat, our hero statistic from the Los Angeles time. 72% of Americans watch TV while eating dinner. Yeti, 72% of us are watching dinner while we eat TV. I'm sorry, reverse. You know what I'm talking about. Every dinner is a TV dinner in this country. Hey, Ma, the Meelow!

So, when you see three out of four Americans doing something every day, you put a product into that thing. And that is why Roku, a streaming TV company, just partnered with DoorDash, a delivery app for shoppable ads. Shopable ads. When you see an ad for something on TV, and then you can buy that thing instantly with a click of your TV remote. Shopable ads. It's the next phase of the couch economy. You can binge shop while you binge TV and then you can binge eat. I like to call them eatable ads or crunchy commercials. What we're trying to say here, Yetis, is that you can be watching White Lotus while you order White Claw. You can watch The Last of Us and then fight over the last French fry. Now, Yetis, here's what makes this partnership unique.

It's the rare three-way deal. It's the elusive corporate menagerie-tois. A corporate menagerie. Here's how the deal is going to go down. Let's say you're watching the show 1923, and at that very moment, you're craving a hamburger. Well, Wendy's just bought an ad through Roku to air during the 5.15 p.m. time slot. 515. That's tummy rumbling time. It's almost dinner. Yes, it is, Jack. And on that Wendy's commercial, you're going to see a $5 off discount,

if you click through that ad on TV. So you grab your Roku remote, you push by, and a code is sent to your DoorDash app so you can order with that $5 off promo. Boom! Before old Dutton can brand that cattle, a cheeseburger just showed up at your door. All right, we're looking at the score here. DoorDash gets a delivery fee. Ching.

Roku gets a cut of that delivery fee. Cha-ching. And Wendy's gets to sell that classic double with cheese right when you had that mid-tummy rumble moment. Like we said, Yetis, it's the rare three-way deal. So Jack, what's the takeaway for our buddies over at DoorDash and Roku and Wendy's? This is a case study in doing less. Yeti's three different partners here. Ordering through a TV, that sounds like a complicated concept.

That's why the real innovation here is that they decided to do less. Exactly. DoorDash, Roku, Wendy's. They could have designed this for you to order through your TV, like directly into your TV and only interact with the TV. That sounds like a major innovation, but that would also require a TV version of the DoorDash app. So instead, they send a code to your phone, so you simply order through the app like you typically would. That sounds a little less innovative, but way more practical. Because Yeties, you already have a routine of ordering through your phone, so why should they fight that habit? The beauty of this deal isn't the complexity.

It's that they chose to do less. They chose to do less. For our second story, J.P. Morgan Chase just bought 250,000 acres of land. J.P. Morgan sees two options for that land and both are lucrative. I know you've been wanting to say this. This is your favorite thing. Do you have this is a tattoo by the way, Jack? No, but I heard this in a rap song. You did? I love this. Yeah. The only truly scarce asset in the world is land. Terra.

I don't have another word for land. The only truly scarce asset in the world is land. And J.P. Morgan just bought 250,000 acres of it. We're not talking beachfront property ripe for development. We're not talking the skyscraper headquarters building in Manhattan on 48th Street either. No, no, no, no. Jamie Diamond just bought Timberland. Not the rapper.

No. Not the boots either. Timberland. Timberland. We're flipping over to National Geographic here. timberland is forest with trees that can be logged for timber. So what we're saying here, Yetis, is that J.P. Morgan just spent half a billion dollars on a piece of land bigger than all five boroughs of New York City. And all that land is covered in trees.

No, Yiddies, we know what are you thinking when it comes to this kind of historic? What is everyone thinking here, Jack? Why is a New York City-based investment bank buying 250,000 acres of forest in Mississippi, Oklahoma, and Arkansas? Jamie Diamond, you got a thing for ginkos over there? What's going on, man? Jamie! The truth there is that Jamie knows money grows on trees, literally. Exactly, because Yetis, we're talking specifically about the pine trees in this 250,000 acres. Pine tree is a soft wood. It grows fast, too, so you can cut it down, sell it away as timber, and the trees grow back pretty quickly. It's kind of nice. We're talking pine floors, pine furniture, that pine pulp that becomes a FedEx cardboard box, all of it is,

soft pine. But here's the thing. Trees, all trees, are also nature's air filters. Trees, they capture carbon, they fight climate change. Sorry to go all bill and eye on you, but trees inhale carbon from the air, eat it up like food in order to get big and strong. Kick it up a notch. You just went full David Atabro on us, man. But again, Yenis, why is buttoned up New York City-based investment bank run by Jamie? Yes. Why is he buying 250,000, 8,000? acres of undeveloped wilderness in America's South. Well, Jack, if we ask a question twice, that means we're getting to our takeaway. So what's the takeaway for our buddies over at J.V. Morgan?

The finance industry is obsessed with optionality. Now, yeties, J.P. Morgan can't predict the future. They don't have a crystal ball. But J.P. Morgan does expect one of two scenarios. Scenario one. Maybe the U.S. Congress passes a carbon tax to fight climate change. Well, in that scenario, the Trump. Trees are more valuable as carbon filters.

So J.P. Morgan can sell carbon credits as that forest of trees sucks carbon out of the air. But what about scenario two? What does scenario two look like, Jack? Maybe we try to solve climate change another way, like scaling those nuclear fusion reactors we told you about last month. Well, in that scenario, the trees are more valuable dead than alive. So J.P. Morgan can sell them away as timber to the paper and pulp companies we were telling you about. Besties, J. P. Morgan Chase doesn't know which will happen, but they do know the forest is valuable either way. That's why the finance industry is obsessed with optionality.

Now, a word about our sponsor, Robin Hood. A lot of Yetis don't realize how much prep work goes into this pot. We spend hours every morning jumping in T-boy style to earnings reports, CEO tweets, breaking news, headphones. Yeah, Jack and I are toggling tabs like you toggled IM Convo's in 2004. Having eight tabs open can be stressful. You don't need that, especially when invested. Robin Hood offers it all in one app.

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Robin Hood Financial LLC, member SIPC, all investments involved for it. By the way, this podcast is not owned or part of Robin Hood. We are not employees of Robin Hood. For our third and final story, in the last three days, three big companies have announced chat GPT plans. Because AI chatbots are the Zuck DeJore. Oh, Yeties, we have told you about the AI chatbot startup chat GPT. Chat GPT was big, but the response to chat GPT, that's been bigger. Get this in the last two days.

On Monday, Google announced they would have a new chatbot name. named Bard. Bard. Like the old school word for storyteller. Yeah. We're like poet. Now, Bard hasn't launched yet, but Google promised that this new chatbot will enhance Google's search with human-like answers to your queries.

If you Google, State of the Union, you're still going to get a long list of links, half of which are probably paid for. But you'll also get Google's AI summary of what President Biden said last night. Yet he's on the very next day. Literally the next day. Microsoft's. CEO was in such a rush to make a competing announcement he forgot to put his pants on. Right after that Google News, Microsoft held an in-person event at their headquarters just for reporters.

They had no time to set up a live stream. And they opened this event by ripping on Google. Yes, he did. How did he rip on Google again, Jack? He said online search has been unchanged for 20 years. That's a burn. That's a burn. That's a burn in Silicon Valley. Now, Microsoft's advantage to changing online search is that they own a

reported 49% of OpenAI, the tech company that launched ChatGPT. So yesterday, Microsoft unveiled the new Bing, their new search engine, but it's a waitless. It's a waitless. But they did a live test, and it was kind of impressive. It was pretty impressive. First, they pulled up GAP's fashion earnings from the last quarter. Yeah, they randomly chose the Gap and they opened up the earnings call transcript, and it was right up on the screen for everyone to see. Now, here's the key. Then they opened a sidebar on their Bing search engine and typed in the word summarize.

Get this yet. He's Bing jumped in T-boy style, apparently read the report really quickly, and then whipped up takeaways in the sidebar on the Gap's quarterly earnings. Yes, what Jack and I are trying to say is that Bing search engine just did what Jack and I do for you on this podcast every single day. I'm not afraid. Are you afraid? I'm not afraid. I'm not scared. What are you talking about? It doesn't have the same flare as us and it doesn't have the same hair as you. so I think we're safe. And that's what our listeners are here for. Now, Yetis, that wasn't all.

Then the Chinese internet giant Baidu, the Google of China, they didn't want to be left out of this chat GPT thing either. So Baidu this week announced their own AI chatbot, and their stock jumped by 12% on the news. Ipso facto, everyone is zucking chat GPT in the last 72 hours. It is the Zuck du jour. I'll have what he's having. So Jack, what's the takeaway for our buddies in big.

Big tech. AI is the third phase of the internet. Honestly, Eddies, Jack and I loved the way Microsoft CEO Satcha Nadella framed the history and the future of the internet yesterday. Sacha said that the web was born with a PC and a server. That was phase one. Then the web evolved to mobile and the cloud. That was phase two.

Now it's evolving again with artificial intelligence. That's phase three, the future of the internet. Yeti's tech companies were shocked on November 30th when chat, you know, chat, you know, GPT launched out of nowhere. They saw the potential that AI has to change every software and every app we use. And the size of that potential is reflected in the extent of big tech's huge response. Google considered it a code red threat to the whole company. Microsoft wrote a $10 billion check to invest in it. And it's all because AI could be the next evolution of the internet. AI could be phase three of the web. Jack, can you grab some land and whip up the takeaways for us

over there. DoorDash, Roku, and Wendy's launched eatable ads, aka crunchy commercials. Yeti's, the beauty in this deal is that they decided to do less. For our second story, J.P. Morgan Chase spent half a billion dollars to buy a gigantic forest in the South. Because Wall Street loves optionality. And our third and final story is Microsoft, Google, and Baidu. They all made big AI chatbot announcements this week. Because AI could be the third phase of the internet. Now time for the best fact yet. This one sent in by David Colvin from lovely Salt Lake City. Push and play. Here we go.

Hi, this is David Colvin from Salt Lake City, Utah. And I've got a snack fact here from the checkout people at Trader Joe's. You all know that Trader Joe's has some great holiday candy. My personal favorite is the Cocoa Truffles. But did you know that Trader Joe's three Utah locations sell more holiday candy than all 557 other Trader Joe's locations combined. Okay. We have a lot to say about this.

So much to unpack here, like an onion. Last year, we covered Crumble, the cookie chain. Right. And we reported that Utah has the highest sugar consumption per capita. We did. So this is a little bit believable. It feels like this checks out, Jack. It feels like this unverifiedly checks out.

But he admitted that his source was a cashier at Trader Joe. That's true, which hasn't totally checked out. We could not track down that cashier. check this and we couldn't. We called Joe, no answer. Even though this might be a myth, we kind of love this. There also is one other layer to this fact check. What's that?

The cocoa truffles are good, but the dark chocolate peanut butter cups are better. I have some in my freezer right. Chicago does logistics. Utah does cavities. Yeties, you look fantastic today. And if you want to help grow the pot, the best thing you can do is turn to a buddy. and say H-Y-H-T-B-O-Y. Have you had the best one yet?

If you know, you know. And before we go, congratulations to Yeti's Justin Hampton and Kylie Vaugh, who just got engaged all the way in Danang, Vietnam. And congratulations to Joe Neumann, who was promoted to ops manager over in Pittsburgh. And Lucas and Laura Carvalho took a great photo together yesterday at school. Congratulations in Cyprus, Texas. They looked fantastic. And Abby Menando and the who.

whole equal startup just raised $16 million from Andrescent Horowitz and launched their new spreadsheet product. And happy birthday to Kimberly Pepinella, who also is happily, newly married, over in Philadelphia. And Stephen Horowitz is turning 53 and launching a startup down in Maryland.

It's like everybody on this list has two things they're celebrating. This is a pretty impressive list, Jack. Happy birthday to Kate O'Dek, who's also graduating and got a new job. No cavity. in Logan, Utah. And Kevin Tolson is celebrating his 35th birthday and hanging out with his son, Kevin, in Baltimore, Maryland. And a huge shout out to Rebecca Firestone, who's taking the day off for her 55th birthday. And Bevika Tilwani enjoy that 36th birthday in Plymouth, Minnesota. And happy 50th to Fernando Nativide in

Denton, Texas. Hasn't missed a T-Boy episode ever yet. This is Jack, Nick and I both on Stock of Robin Hood. Now a word about our sponsor, Robin Hood. A lot of you listen to our show while you're driving. Two hands on the wheel. Keep it 10 and 2. You might be cruising, Chris, no rush. Stay in the right lane. Or you might be doll lane from Duncan, dotting from lane to lane.

And there are different drivers on the road. They're different investors too. Maybe you're cruising down the long-term lane with stock investing, or maybe you're a more advanced full-speed trader. Well, the Robin Hood app helps put you in the driver's seat wherever you're at in your investing journey. If you're not investing on Robin Hood yet, to get started, go to robinood.com slash T-B-Boy and choose your free stock. That's Robinhood.com slash T-B-O-Y.

Limitations apply. Robin Hood Financial LLC, member SIPC, all investments involve risk. By the way, this podcast is not owned by or part of Robin Hood, and we are not employees of Robin Hood. A couple quick things. Maybe instead of cavities, which I love, but like, are Utahns going to be like not just not thrilled about it or is it okay? I think it's harmless.

I think a cavity is kind of harmless. You have 40 of them. Wait, what did you say? Don't you have 40 of them? Every time you come back from the dentist, you're like, we're not going to believe it. I'll be like, yeah, you got to have a cavity. Maybe I'm offended. Maybe I have a little Utah on me.

Yeah, yeah, yeah, that's why you're offended. People have cavities and, you know, it's not their fault, you know? It wasn't like their teeth made them do it in genetics, man. Like Newman. I'm gonna have like a Newman like explosion Newman gang something again