The Trillionaire Mindset - 30: Netflix is Over

Episode Date: April 22, 2022

THE NEW WEBSITE: https://tmgstudios.tv This week Ben and Emil talk Netflix shares tanking, Arizona Iced Tea’s customer friendly model, and the debut of the Trillionaire subscription complete with... bonus episodes on https://tmgstudios.tv If you listen on Apple Podcasts, go to: https://apple.co/trillionaire Go to https://ladderlife.com/trill today to see if you’re instantly approved. Go to http://public.com/TRILL and you’ll receive a free stock once you open an account. *This is not investment advice. Offer valid for U.S. residents 18+ and subject to account approval. See http://public.com/disclosures/ Visit https://smith.ai to read 5-star reviews, and be sure to use our code TRILL to save $100 at signup. SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Trillionaire Highlights Channel: https://www.youtube.com/TrillionaireMindsetHighlights Trillionaire IG: https://www.instagram.com/trillionairepod Trillionaire Twitter: https://twitter.com/trillionairepod TMG Studios YouTube: https://www.youtube.com/tinymeatgang TMG Studios IG: https://www.instagram.com/realtmgstudios TMG Studios Twitter: https://twitter.com/realtmgstudios BEN https://www.instagram.com/bencahn/ https://twitter.com/Buncahn EMIL https://www.instagram.com/emilderosa/ https://twitter.com/emilderosa *DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.*

Transcript
Discussion (0)
Starting point is 00:00:00 You like beer, you like camping? Don't tell the world I like beer. You like beer. Who wears light, right? No. I don't drink that much beer anymore. I drink a lot of bourbon. So we're just gonna open it up with alcohol.
Starting point is 00:00:12 I got my alcohol here. Not yet, not yet. My liquidy. You know what I love? It's a good, um, a high life. Yeah. Champagne of beers, man. Oh, yeah.
Starting point is 00:00:24 There was this bar in Philly that used to do. 75 cent high life. Yeah. Champagne of beers, man. Oh, yeah. There was this bar in Philly that used to do 75 cent high life. The Pinto one too? No, no, no. Full bottle, see ya. Oh, baby. Wow. The Commodore in Brooklyn.
Starting point is 00:00:36 Oh. Chicken sandwich, Shot of tequila in a high life. Or the Souls. The Souls. So, yeah. It's like the cousin to the high life. Sure.
Starting point is 00:00:47 Yeah. Ha ha ha ha ha ha! I'm not fucking late. I'm just gonna be a pro. I'm not fucking late. I'm just gonna be a pro. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late.
Starting point is 00:01:11 I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late.
Starting point is 00:01:19 I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. I'm not fucking late. You got to want to check the disclaimer guys in the description box. You got to click the email. You don't see that. What?
Starting point is 00:01:27 The beer and shot special. Or if you do, it's like $11. And Brooklyn used to be like $5. Yeah. If you pay $5, we'll give you a beer and shot. Yeah. Man. You ever been to DuckDuck?
Starting point is 00:01:39 There's like $2 for a lion's head. Yeah. Now it's probably four bucks. With inflation. Ooh, we. Oh man. You know, the only thing I wish was inflating $2 for a lion's head. Yeah. Now it's probably four bucks. With inflation. Ooh, we. Oh, man. You know, the only thing I wish was inflating is frickin' balloons and tires.
Starting point is 00:01:49 That's right, man. Very good. And bounce houses. In this America, that's what we should be inflating. Hot air balloons. Hot air balloons. Bounce houses. Bounce house.
Starting point is 00:02:02 Bounce house. Bounce balls. Basketballs. Basketballs. Yeah. Yes. Totally. Mr. President, if you're watching, they should have him as part of his mental fitness. There should be a mental and physical exam.
Starting point is 00:02:18 Yeah, remember the calls to get him to draw a clock? To draw a clock? It's like a dementia thing. It's like a lot of dementia patients him to draw a clock? To draw a clock? It's like a dementia thing. It's like a lot of dementia patients can't draw a clock. So there was like in the 2020 presidential campaign, there was a movement to get Joe Biden to draw a clock. How did I miss that? Could you head you head in?
Starting point is 00:02:37 Yes. Well, yeah, it's always there. It smells good up there. I know. There was a woman I saw in Reddit. Yeah, right. You're already doubting me? You didn't see a woman on Reddit?
Starting point is 00:02:50 Well, this person who claims to be a woman, a birth giver, and said that she's divorcing her husband because she caught him sniffing their baby's diapers in the trash. He would get up in the middle of the night. Let me be, man. So what I'm saying, man, he'd go out there Sniffing their babies diapers in the trash like he would get up in the middle of it. That man be man So what I'm saying man he'd go out there and Sniff the diapers wait you know the one that went viral of the guy who was digging the tunnel
Starting point is 00:03:14 No, oh my god. Why was he digging a tunnel? It doesn't matter but he's just a guy the woman is like please tell me what to do like I can't tell if this is okay My husband he's he doesn't have friends anymore. He doesn't have a social life anymore. No, but not in a bad way. She was like, all he cares about is digging his hole. And she was like, I'm not sure.
Starting point is 00:03:32 Wait, can we please, husband's only dig holes. I'm a husband expert. And they only dig holes when they're severely distrubbed. I'm not defined it. Well, read in the bonus episode. Speaking of which, big news gang, we're still part of TMG Studios as everyone should well be aware of. I really just find it. I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, I know, know, I know, I know, know, I know, I know, I know, I know, know, I know, know, I know, I know, I know, I content, baby, it's finally here teaser for TMG Studios.tv.
Starting point is 00:04:26 I think we're gonna play that for people. Yeah. But otherwise, yeah, you're gonna wanna sign up because it's the, oh yeah, it's a COVID. We made a short promo for the new website, Super Fund to Make, and we're gonna play right now. Does the world make you feel frustrated, overlooked, disregarded? Our society is busy and overwhelming.
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Starting point is 00:07:11 So, I'll tell you what, they left a lot of footage on the cutting room floor. I did drink a pond water at a park, and it was all for nothing, but that's just the craft of acting, I guess. If you are watching this, though, that means the bonus content is out now. It's on teamgstudios.tv.
Starting point is 00:07:26 You're gonna love it. My mom was confused. I was trying to explain this to her. So just so everybody knows, you're gonna get all the episodes, add free. Add free. Our tier starts at $6 a month. But if you want to support us more,
Starting point is 00:07:39 you can also, there's a pay what you want option. So for every, there's an option to pay us as much as you want. Yes. And that's unlimited. You can fucking type in whatever, and if you're credit card, and handle it, if you're an AMX holder, depends what your credit limit is,
Starting point is 00:07:55 but try to max it out. Yeah. So there's, there's, No, it's six dollars. Don't, you know, come on and pay six dollars, that fun. Try to- If you can afford the six dollars, we don't want you to, um, remember when Elizabeth Warren was like, uh,
Starting point is 00:08:08 she, she, she thought she was telling like a hopeful story. She was like, I'm at this young girl on the campaign trail. And she said, she said, I'm, I've got seven dollars to my name. And I donated it to your campaign. And it was like, it was at the point where it was like, oh, you're surely out of this race. And it was like, Liz, that's not a nice story. Give her her money back.
Starting point is 00:08:34 She just threw $7 away. Yeah. And then she just went on to like coming third in her home state. And it was like, oh, Christ, I hope they contacted that woman and we're like, we're giving you your money back. Yeah. But so look, if you're in a situation where you got $6 left, don't spend it on this show.
Starting point is 00:08:50 No, I'm spending on this show. All right, do it. I mean, at that point, what are you going to buy a taco? Just don't expect us to win the presidency. Yeah. While we might, not yet. You know what? Give us that $6 and see what happens. There was a gentleman who bragged about his parents having a private theater and he was watching the show in there.
Starting point is 00:09:12 So to that young man, I want to say, that's great. How much can you give us? Yeah, seriously, put up or shut up, pal. Yeah, because if I'm doing the math right, that puts your parents at a net worth of at least 20 million dollars It's got a theater in the house. You got a theater in the house Well depending on what part of the country true cuz if you're in like I don't know some some other Yeah, here he's yeah, I did see this. Oh, we're where what is this guy pretending to be me? He's got the glasses He's got the dunk on us. All right, we're in a trillion our minds at, Hody, which I love. You know he's a baller. Yeah, let's watch this.
Starting point is 00:09:46 Merch is in, and because I'm not a no coin pussy. Oh, yeah. Yeah. Got the podcast going in the movie theater. That kid is gonna be subsidizing our lives. That kid is my hero. Buddy, if you're out there, hell yeah baby. Look at you, you're better than me,
Starting point is 00:10:08 you're better than a meal. I've never stepped foot in a private theater. You haven't? No, I have. What was it like? Whose private theater was it? Um, you can't say. Can't say, it was Elon Musk's.
Starting point is 00:10:20 Would you just said? Shit. You know, I- He doesn't have one, he's sitting there being like, I actually don't have a home I live in my friends houses. Yeah, shut the fuck I would do an upper decker in one of his toilets for sure But just to reiterate go to TMG studios.tv slash trillion or mindset or something like that Yeah, you get all the fun bonus. We're gonna talk about anything we want. We can talk about 9-11 as much as we want.
Starting point is 00:10:46 Oh, my God. We're gonna talk about, I've got a list of people who didn't go into work on 9-11. We're gonna read it in the bonus. Yeah, hell yeah. You heard it from him, folks. We're gonna get right into 9-11. We're gonna talk about the CIA.
Starting point is 00:11:04 Well, we've got a lot. We've got a lot to cover this episode. Go sign up, go sign up! Is what I was in being told to say, because I forgot to say it, go sign up. Go sign up. So we got a lot to cover this episode with there's earnings, there's inflation, there's all sorts of stuff.
Starting point is 00:11:21 We got Biden is a very old man. I said, the first thing, the first thing, we're actually going to kind of tease this for the bonus because one of the big things we want to talk about is the mask mandate being dropped on public transportation. Uh, and why that is. And like, Emil is going to put on his lawyer cap and explain lawyerly why that is Biden says that it's up to people if they want to wear their masks still. We've also got some fun. We're gonna play some reactions. Yeah. Some people had some fun, some great reactions. And I'm gonna give my two-sit. We're gonna give our two-sit. You're gonna
Starting point is 00:11:58 give two cents. That's all. These people are gonna give six dollars. Adjusted for inflation, it's gonna be about 20 cents, but... But anyway, Biden's a fucking old man, and I don't know how we're not, as a nation coming together to collectively say, this guy isn't shouldn't. Some of us are, I've got a group of, a small group of friends, we are, uh... What do you do to call it a plot? Well, anyway, I mean, I will just say real fast. Say it. For those of us unfortunate enough to have a family, have gone through currently or previously,
Starting point is 00:12:32 a family member with dementia and or Alzheimer's, they're basically the same thing, I guess. They're not, are they? They're not, because they'd be called the same thing. That's not true. Think about all the things that are the same that are called different things. Yeah. Like what? Just think about all the things that are the same that are called different things. Yeah
Starting point is 00:12:47 Like what just think about any of them Tomato tomato car automobile. Oh, yeah totally would you go those aren't the same thing because they're called different things? That's true. Yeah, well Biden definitely a hundred percent has I wouldn't even say I wouldn't even go that far What I would just say he's fucking old. Yeah, we are all in cognitive decline after like 25 and then Benner in cognitive decline totally so are you if you've been around an old person You know what smell? No, don't do that. Oh, they stink And I can't even I don't even know what it is. It's just like they don't stink. They stink dude. Come on I mean they don't smell bad. It's just like a
Starting point is 00:13:28 It's just like that's gonna be us. It's it's just when your eggs and your com d'rise up it like Permiates through the skin. You think that's what happens. It's just they they exude Not come just non-sexual Everything just inert. Yes, they're just inert and they revert to babe. There's actually a lot of fucking going on in old old folks homes Don't let them get some That dried up comes gotta go somewhere. Oh god. It's like condensed milk Gross, okay, sorry It's like condensed milk. Gross. Okay, sorry.
Starting point is 00:14:09 Oh, a 40% of people ages 65 to 80 seconds. Oh yeah, that's brother. Yeah, but how do we know if they're not lying? They're probably just lying because they want to feel cool. Yeah, right. Even people under 65 are lying. Yeah.
Starting point is 00:14:22 Well, people under 65 apparently are not having as much sex, like, ever, as ever. Yeah. And I think it's because they're... Because they're... Because you're working off. Why do you think it is? Sorry. I don't know.
Starting point is 00:14:37 I think a lot of it has to do with casual sex. Someone was talking about that and they were like, well, I thought this was like the casual sex generation or whatever. And it's like, well, no, no, but even if that were true, if you have a lot of casual sex, you're saying, well, you're having a lot of casual sex, you're probably still not having more sex and someone in a relationship. This is true. So even if we were that generation, it's like, if we all partner up, we'd be just sucking and fucking constantly.
Starting point is 00:15:03 It's like, I like to say that if I was a caveman, yeah, and if all cavemen had my brain, we society would have never... Oh yeah, we never, we would have peaked it. Like, all right, we got the wheel, we got fire. What else is there? Now, let's get the fucking. Oh, I mean, that's...
Starting point is 00:15:22 We fucked up, man. We had it made in the shade. Yeah, back then. Just followers, partying. Yeah You find some stinky berries and you're like, damn, this shit is fermented beating the hell out of people You mean rival tribes? Sure. Yeah, they shouldn't have looked at you funny. Yeah. I watched a poca-lipto A couple weeks ago. Man, that movie whips. Whoa, this is not a male Gibson apologist podcast. He said some things about you a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of a little bit of He said, but lethal weapon is so good. Sure. Lithuoweapon is such a good movie. Mad Max. Great move. Fucking whips. He's so hot. In the 1970s and 80s. It's oh yeah. Coddick. Yeah, he's a good looking guy. Oh my God.
Starting point is 00:16:17 He's still kind of hot. Well, yeah. Of course he is. But he said some things. He really said some things. Yeah. Netflix reported earnings and it tanked surprise. It's because they suck. Sorry, can you hit the, oh, I don't have my sound thing up. Crybaby Bill Ackman immediately lost $400 million. Well, $400 million. He sold.
Starting point is 00:16:39 He was probably the one dumping like all day yesterday. It was just relentlessly selling. They lost about, they were down. 100,000 subscribers. Well, so they were, their projection, the estimate was that they were gonna gain to in half million subscribers and they lost 200,000. It's estimated that 700,000 subscribers were lost due to Russia.
Starting point is 00:17:02 So really that puts them at plus 500,000, which is still a two million subscriber miss. I think that it's not surprising at all, and they were down over 35% or 124 points, and that's about $50 billion in market cap gone. And I hesitated on the 300 strike puts which were about four bucks and they would they gone they went from about four bucks to $80. How much would you have made? I mean on that's what's 80 divided by four. What's 80 divided by four? Yeah, I can't do it in my head right now. 20, so that's 20x. So whatever I put in, if that was,
Starting point is 00:17:47 if I just bought one contract, that's $400 times 20. That's eight grand. Damn, dude. Yeah. If I bought two contracts, that's 16 grand. I do love the segment of every show where you just talk about how much you miss. What have made? Yeah.
Starting point is 00:18:02 And I stupidly tried to buy the dip after hours, I bought 50 shares and then I bought another 50 and then I just got fucking murked. I lost like $4,600. You know who's having a worst day though, is literally everyone. Then Bill Ackman. Bill Ackman, yeah, but he just like owned it
Starting point is 00:18:18 and said whatever, but. Said whatever, he lost $400 million. Yeah, but to Ackman, that's, you you know, that's I think that was a 4% Hits it there. It's pretty embarrassing though too. I think it was just like in January He was talking about how like Netflix is uniquely positioned. Yeah, we're going all in on streaming Online streaming more on yeah But I think it was probably a really, really, really shitty day to work at Netflix. Like, just, I'm sure that the tension and the anger was palpable in the air.
Starting point is 00:18:53 Well, there also could be layoffs. Maybe, maybe. Were they talking about that? I don't know, but they're cutting, it sounds like they're changing a lot. Cutting budgies. The cutting budgets, they're... But... Budgies. Yeah, the cutting budgets. That's the show-pays term. Is it? No.
Starting point is 00:19:10 Yeah, I didn't think so. But yeah, they're scaling back how much they're spending on all this production, they're thinking about. Right, totally so. Doing an ad, a subscription, or, yeah, an ad-based model. Which is an idea that I had years ago. Is that an idea you had or an idea? Yeah, everybody's got the idea.
Starting point is 00:19:29 But it's like why the fuck is Reed Hastings, the CEO and founder not implementing that soon five fucking three years ago? Oh Netflix, you're the most expensive streaming service. And yet you don't offer a Cheaper tier that is supplemented. Well for a while it was what 899 Mm-hmm, and now it's like 20. Yeah, well that's for the like HD You can do a cheaper one, but it's like 480p Resolute. Yeah, I think I'm watching old enough in 480p
Starting point is 00:20:01 Also, that sounds gross old enough sounds like a barely legal porn, but it is not that. It's like don't look at me like that. It's a very wholesome show on Netflix. I was at about the Japanese kids. Yeah, I heard about that. It sounds so sweet. I wish they would call it something else, but it's amazing. These like toddlers go run an errand for their parents and it's just very sweet and don't they have to wear a flag Sometimes like because they're crossing a street and stuff. It's like because they're so tiny They got to wear a flag so it's extremely cute. It's very After a long day of just getting Pummeled by the world
Starting point is 00:20:41 Turn on some old enough. Yeah, I'm sure it's nice. I bleach But what I was saying is this shitty day at work at Netflix because all those people who have stock options, like imagine you've got a million dollars in stock options and suddenly boom, you're down $350,000 on paper. And you're like, oh god damn it. Fuck. Fuck shit. Like I think of my old, I have an old boss from the trailer house where I worked and I know that he got a job at Netflix as like a senior executive, you know,
Starting point is 00:21:12 probably making fucking 700,000 years. No way. Oh yeah. I mean, at the trailer house, he was making like half a million a year. Wow. So at Netflix, I'm sure they were paying him three quarters of a million
Starting point is 00:21:24 and then they probably gave him a few million dollars in stock options And that was so now he's probably fully vested and I'm sure he didn't sell a cent and now he's I'm sure today He's like ah I Loved the guy he was so hard. I'm sure he'll be fine having to rely on just a $700,000 Oh, this guy was salary this This guy was a workaholic. And single, no kids, no nothing, and just it made my life.
Starting point is 00:21:50 So I had to also be a workaholic. I remember he would eat salads. He would eat salads with his fingers. That does suck. Your schedule can be reliant on your bosses. Oh, it's terrible. Riders, TV writers will be like, oh man, how shitty your life is is totally reliant
Starting point is 00:22:06 on your like showrunners life. When they, like, I remember my friend wrote on a show and they were like, the season they got married and had a kid. It was like, oh, this is so much better because they wanted to go home and spend time with their family. Wait, the season that they got married.
Starting point is 00:22:21 Like the seasons after they got married and had a kid, the showrunner was like much more mellow. Well, they wanted to get out of there and go home and spend time with their kid and stuff. Yeah. And so they weren't like, we're staying here all night, like rewriting, we're, uh, yeah. Maybe this will be good for Netflix.
Starting point is 00:22:39 I think them pulling back on production is gonna be, I think they, so I mean, they had a unique thing where all of a sudden they had to basically build out an entire library of original content because remember for a while they had, it was all licensing stuff, it was just old stuff they licensed, then to attract subscribers, you had to just build out a content library very quickly. I mean, you see this with pretty much everyone. Apple plus is a weird one.
Starting point is 00:23:08 I mean, they were like one of the later ones and they just greenled all the stuff. Like some of those shows are just incomprehensible. But like what? Oh, I mean, I'm a huge Isaac Asimov fan and I love the foundation series and the broader empire series with robot and empire. But so I was so stoked that they were making a foundation show. It was fucking horrible. Oh the show is terrible. Yeah damn. And then there was another sci-fi one I tried to watch. I just like... Is that the woman's homing? No. Comey H. It was with I think Sam Neal. Uh huh. I don't have Apple TV. I use my friends. I don't pay for any of them, I don't think. She's fucking freeloader.
Starting point is 00:23:49 Fuckin' look at the course you got here, you don't pay for any of them. Look at that Patagonia sticker. You spend all your money on Patagonia stickers. It's the only thing that makes me feel alive. Patagonia stickers? Spending hundreds of dollars is it Patagonia? Oh yeah, it does feel good. No, but so they, I mean, you watch trailers for things coming out. And you're like, who's idea was this?
Starting point is 00:24:11 Oh, I know. What the fuck? I mean, you love hating on that new movie that came out. Oh, the bubble? Yeah. Oh, the bubble, folks. Well, okay, so before I get into that, I have a couple of things I wanna say about Netflix and why I think that there are stories over
Starting point is 00:24:27 for seal it shut for the next couple of years. It's still valued at a... Seal it shut. Yes, it's still valued at $100 billion. $100 billion. It was a growth stock and now the growth story is over and now they're in the show me phase. Like before they had the luxury of being,
Starting point is 00:24:49 they had a moat around them. Now they don't have a moat around them. Now they have so much more competition, and they're spending way too much fucking money. But well, that was part of their game, right? I mean, that's part of, like, a lot of the tech company's game is to spend, spend, spend, and until you're the only game in town, right?
Starting point is 00:25:07 I think they were throwing money all around and I think they wanted to become the platform. They wanted to become like TV. It's like the way Uber was like, let's just spend everything we can to push out every other transportation system. And like sure, we'll lose money and not be profitable, but in the end, we'll be the only option. Yeah. Tech companies spend money to create a money printer. And then once that money printer...
Starting point is 00:25:28 Created money, basically. Yeah, once that money printer is up and running and humming, then you can start throwing money at other projects and try to recreate the money printer that you just made. Google does it, Amazon does it, Microsoft, Apple, Facebook, Facebook, Uber, Boomer, DoorDash.
Starting point is 00:25:44 I had an invention for something called Boomer, Facebook, Facebook, Uber, Doordash. I had an invention for something called Boober, which was topless Uber driver. No, no. It is an app for... You're telling me Boober wasn't topless Uber drivers. It could be, but I can't remember what the idea was. It was like, it's...
Starting point is 00:26:02 I don't know the legality of it, but it's, Boober is for like Press feet you send a breath. Oh, I'm just keep guessing. I use a new breastfeed at the house. No Boober is an app where horny people someone comes and shows you a picture of breasts close Boober is an app where horny people can find someone nearby and they if they want to hunks of boobs Boober boober boober where horny people can find someone nearby and they want to honk some boobs. Boober. Boober? Boober.
Starting point is 00:26:29 It's not sex. There's no nudity. It's a... What? Oh, yeah. This is a terrible idea. But it's a good idea also. Uh. Yeah, but it's a good idea also I'm just looking at your reaction anyway
Starting point is 00:26:50 Pat and pending so I have a few problems with Netflix they give them to me I think the fact that they've taken this long to even introduce or because they're talked about doing the ad tier for like 6-7 to a cheaper ad supported tier like Hulu does. It's the fact that it's taken them this long to pull that revenue lever speaks to how short-sighted they are. They're only focused on content and that has been that's an old story. Also, they're so fucking they spent four hundred million dollars to buy the two knives out. No, that's gonna be worth it though. That's gonna pay dividends.
Starting point is 00:27:27 I don't think that that even includes the budgets that are gonna be on those. Oh, it was just the rights. I think just, yeah, just the rights. That is so stupid. And then, you know, another thing, there it is. Well, but those did make a lot of, like Netflix does now occasionally release things in theaters.
Starting point is 00:27:44 They could make a lot of money on those in theaters. I don't know if they're, I don't know if that's their plan or if they're just, yeah, theoretically, they could make a lot of money on that. I might strangle you in the bonus content today. You might pay six dollars if you want to see Ben. That was a good pun, man. I don't know what you're talking about. Pay $6 if you want to see Ben. That was a good pun, man.
Starting point is 00:28:03 I don't know what you're talking about. But this, I mean, it's not just Netflix. I mean, $450 million for the right. All of these places are insane. Buying up content like crazy. I mean, no disrespect to Joe Rogan. But like $100 million, do you really,
Starting point is 00:28:23 do you think they see the value? And how many people do you think sign up to Spotify? Because they're like, I want to listen to Joe Rogan, but like $100 million, do you really, do you think they see the value? And how many people do you think sign up to Spotify? Cause they're like, I wanna listen to Joe Rogan. I'm sure it's a negligible amount. And even then Spotify stock has been just tanking also cause that's a growth story that's no longer necessarily in the growth phase. Another thing though that Netflix doesn't do
Starting point is 00:28:42 and it's mind blowing to me, that they still don't even talk about it. If there's a movie or a show that isn't on Netflix, you should have the option to rent it, to pay to rent it. Because when there's nothing on Netflix, when there's something that I can't find on Netflix, you have to get to get my money. Amazon. You can be kissy bitch. Definitely.
Starting point is 00:29:06 You can get my $4.99 or $3.99 or whatever it is to rent the movie that Netflix doesn't have. I'm going to Torrance. See, I don't, you still Torrent? No, no, really good. I don't watch that many movies. I don't either, but like sometimes you got to watch Chappy for the fifth time. Chappy fucking rules.
Starting point is 00:29:25 I do have to say we were all out one time and Ben was talking about how much he loved Chappy and someone was like, doesn't that movie suck? And Ben was like, you know, I thought it, you have to, it wasn't till like the fifth time I saw it where it like really came together and everyone was like, whoa, whoa, whoa. No, no, that's not what I said. I think you're describing Stockholm syndrome, my man. I love the movie from the first time I saw it now You fall in love with Chappy
Starting point is 00:29:48 He's such a he's a robot who learns to be human How can you not love him and he's got a South African accent? Well, you ever seen bison teniel man my man. Yes. He look at Chappy got a 32. Oh my god The visual effects in it are stunning. Huge actments in it. He's got a mullet. Huge act man, Bill's brother. That massive act man. Have you seen Bison Tendiel Man?
Starting point is 00:30:12 No. You would love it. It's a robot who becomes a human. It's Robin Williams, right? I hated the poster so I didn't want to see it. Oh, you got to check out Bison Tendiel Man. All right, fine. Well, Chappy rocks.
Starting point is 00:30:24 You guys should watch Chappy. Don't look at your phone when you watch Chappy. Just sit there and enjoy it. Well, that's another problem. All these new things that come out on Netflix or any streaming service, it's really just like a phone companion. Yeah, just make it entertaining enough
Starting point is 00:30:38 where I won't feel bad if I'm checking my phone the whole time. They're just, they're just dog shit. Everything is dog shit. I canceled my Netflix this week. This is like, I go just, they're just dog shit. Everything is dog shit. I canceled my Netflix this week. This is like, I go on there and it's dog shit. You're like, there's no apocalypse though anymore. I had to go to Amazon. I had to rent a apocalypse though and Amazon.
Starting point is 00:30:55 I do have lethal weaponry. I had to rent a apocalypse though. Passion of the Christ. All these on Amazon. Oh yeah, the bubble, the bubble, the bubble. You know what, Netflix should do? porn. porn.
Starting point is 00:31:10 Why? Cause porn is like the number one. Hey, they already got old enough, baby. They should do porn though. They should do Netflix X. Netflix with three X's. It would get confusing though for people trying to watch porn and people trying to watch old enough. Yeah, true. They're like just. They should do. They should do like a Netflix with all of their properties, but the X rated versions. Like. Yes, now the kids are grown up and there's tentacles.
Starting point is 00:31:48 Or bridge her thing. But Bridgeton is already kind of pornier. Yeah, but you make it even more pornier. Make it more pornier. Squidcock. Squidcock, more tentacles. Hey, we heard you guys like the stranger thing stuff. Yeah.
Starting point is 00:32:02 Well, here's Squid Games. What's the one with the British girl? It's like a stinky baby or whatever they call that everybody loves Stinky baby What's her name? She's the British girl who talks to the camera? I hope you're not talking about flea bag Flea bag Amazon you fly back. Oh, it's Amazon. Yeah, flea bag and that's actually a perfect show Stinky baby. Hey Would you want to call her watch stinky baby? I heard Phoebe Waller rigid during season three of stinky baby. Yeah, now her, her, her, her long running play on the West End in London, stinky baby.
Starting point is 00:32:39 They adapted it to a TV show. Same thing, man. Fleabag, stinky baby. Well, that's the porn version, stinky baby. No, you can't porn if I, a perfect show. Same thing man. Fleabag stinky baby. Well that's the porn version stinky baby. No you can't porn if I a perfect show. Well okay what's the robbery one? The Spanish show. Stinky or baby? No. No the the span it's like. Oh money heist. Money heist. Comey heist. Boom. Oh you just you wanted me to say it so you could say. No I was just I was gonna just rattle it off the dome. Sorry, I'm being really perverse today.
Starting point is 00:33:06 Boober, Camiheist. Sorry, Glenn. Glenn's out there, Giggling. But I also think that this is Netflix's sort of Buzzfeed moment. Remember when Buzzfeed had the dress where the whole internet was like,
Starting point is 00:33:23 remember when that's all we had to worry about was the color of a fucking dress? It was like 2014, 2015. That was like 2017, I would say. I think it was, oh yeah, you're right. That was like the peak of Buzzfeed was dead after that. That was the top. And I think Squid Game was the top.
Starting point is 00:33:39 Was that a Buzzfeed orchestrated thing? Yeah, no. It was some Buzzfeed person who found it and put it on fucking their website and tweeted and all that shit. Fucking pisses me off. Yeah, and ever since then, it just tanked. And I think that the shits, I think the writing's on the wall.
Starting point is 00:33:59 Not the, you know, I just think that- I mean, people have been talking about the quality of Netflix's stuff for a long time actually it's dog shit I will never get rid of it and by that I mean stop using my dad's Netflix because You share his password. I think you should leave is the greatest show on her. Oh, yeah, that's a good one Well, so that's the other thing is password sharing is a problem that they said that they're working on fixing if you take away My dad's password I will kill you bill actman read hate read hate things. Yeah, they said that more than a hundred million households use shared passwords 30 million alone in the United States and Canada
Starting point is 00:34:35 But that's every streaming service and they're not to well, you know what what a lot of these other streaming services are subsidized by huge corporations Amazon it doesn't fucking it probably doesn't matter that much. Apple, fucking TV. Who lose owned by Disney? Disney, you'd go through their woke shit right now. What is it called now? HBO Plus? HBO Max.
Starting point is 00:34:59 HBO Max. They're owned by Time Warner. Time Warner, that's right. Poor Netflix. Why don't you get acquired to a bitch? Cause who's gonna buy them for a hundred billion dollars? I'll do it. Elon Musk will.
Starting point is 00:35:12 Elon actually had a funny, stupid fucking, of course he did. You got Elon brain, that's something Elon would do. They would buy Netflix and make all the porn titles. Well, so he had, he tweeted that Netflix's woes are due to quote, the woke mind virus. He says the woke mind virus is making Netflix unwatchable. So like what show is like what content does even woke? I feel like they just are shitty. Yeah, I don't know what he's talking about.
Starting point is 00:35:38 Like the Adam project wasn't woke. Yeah, there's nothing woke about it. It was just kind of boring. Yeah, it could have been good. It's just so much of the, you can tell that they don't put any money into like production, well, everything is on a sound stage. It is weird.
Starting point is 00:35:53 Did you see that viral picture of, what's it? Elizabeth Olson, and it's just the scene where she's sitting in a bar, but she's completely on a sound stage and with blue behind her. It's just insane. It's just fucking rent a bar. Yeah she's completely on a soundstage and with blue behind her. It's just insane fucking rent a bar. Yeah Cuz it's a fucking Marvel movie. Yeah, it's it drives me insane. Oh
Starting point is 00:36:13 That reminds me I have in the notes Ben's COVID joke COVID as it relates to 9-11 So I don't know why that's in this part of the thing I don't know why that's in this part of the thing. Oh, oh, I forgot what the joke was gonna be. Woke mind virus. I thought the virus was COVID-19. That was the joke. You said nine, as it relates to 9-11. Well, remember the joke was gonna be,
Starting point is 00:36:40 oh, Elon says that the woke mind virus to blame, like pull me into this. No, no, no, you said it was good. No, you said it was good. Why? I said, don't do it. The joke was going to be, oh, the woke mind virus is to blame.
Starting point is 00:36:51 I thought the virus was called coronavirus. I thought it was COVID-19. Have you heard this one, folks? But then so what I was going to say about COVID-19 as it relates to 9-11, what are you talking about? I'll explain. Imagine if COVID really... Imagine COVID-drova plane into the world.
Starting point is 00:37:12 That's not what I'm saying. How would we be handling it then? Listen, no, what I'm saying is. We need COVID to do a terrorist. Imagine if COVID was found in 2020 instead of 2019. It would be called COVID-20. And that just feels weird and wrong, doesn't it? Just like 9-11.
Starting point is 00:37:30 Imagine if it happened on any other, imagine if it happened on the 12th. Yo, you remember 9-12? It's like, no. I think it's fine. I think in Britain they call it 11-9. Whoa. I think. Because they say the day first over there. Yeah They don't call it 11.9. It's branded now 9.11 is branded. It's copy-readed. It's just the brand
Starting point is 00:37:55 You've got to respect the September 11th brand does does Joe Biden get a little cut every time we say 9.11? Probably that's fucked. Yeah, Haliburton. Look it up, Google. Haliburton, Mesa. Google what they called in Britain. Maybe I'm getting duped. Maybe there was like a shitty standup joke where they were like in Britain. Do they call it 11-9? No, I think it's a joke, yeah.
Starting point is 00:38:15 Because it's definitely called 9-11. But that's gotta be confusing for them. Imagine if it was on like January 8th. Oh, always remember 1-8. Dude, what are you talking about? People still call the insurrection 1-6. Yeah, but that, yeah. Mm, uh, did they? 1-6?
Starting point is 00:38:31 And in my circles? Where we, you know, get together and, no, people definitely call it 1-6. Yeah, you're right, they do. But my point is that, I feel like you've made your your point the simulation gives us that I don't necessarily believe in but the simulation gives us Numbers that just feel right. They just maybe they when the CIA was cooking up 9-11 They were like 9-11 kind of sounds just rings. It just sounds they were like it just sounds good and by the way boss I just came up with this thing. It's called waterboarding.
Starting point is 00:39:05 It feels like you're drowning, but you're not actually drowning. Just like watergate. I remember as a kid, I didn't know that it was called Watergate because of the name of the hotel. I thought that it was like, just the blank gate sounds like a scandal. It's like a gate that... Yeah, but that's dumb little kid brain.
Starting point is 00:39:23 Yeah, I know, but it now we have a time and they do like everyone needs to stop doing that every controversy that happens they're like blank gate blank gate Yeah, exactly, but what if it happened at like a fucking a hilton Or Mariah the Hilton scandal or something or a day's in is wrapped up in the wrong thing my brain My brain is so fucking poisoned. You gotta get off TikTok. No. You got teens being like, what if it was,
Starting point is 00:39:52 what if COVID-19 happened in 2020? COVID-19 with Lyme, as I call it? I don't know why I call it COVID-19 with Lyme. Ben, come back to Earth. No, it's tied up here in orbit. It's funny I asked him not to eat a pop tart and maybe you getting sleepy is what we need. Well, you gotta explain the context of me
Starting point is 00:40:13 not eating a pop tart. You get sleepy. Yeah, I get sleepy weepy. Yeah, which is a quote, I say sleepy weepy all the time. You know who says sleepy weepy? Baby. Chappy. Okay. Because there's a scene where they teach him to rob people, but they have to trick him
Starting point is 00:40:31 because he knows that robbery is bad and stabbing is bad. They tell him that when you stab someone, it just makes them go to sleep. And he goes, you sleep weepy now. He stabs someone. They make the robot kill people? Stab someone. I'm telling you, it's a hilarious movie. All right. He stabs someone they make the robot kill people stab someone I'm telling you it's a hilarious movie all right
Starting point is 00:40:52 There's my favorite and he's my favorite actor Chalto copley. That's your favorite actor He's my favorite actor because of district nine and chappy. He's a fucking bronze you fucking He's so fucking he's great. He's just such a great actor. I mean sure, but all right anyway He's just such a great actor. I mean, sure, but all right. Anyway, you know who's not getting fucked by inflation? Drinkers of Arizona iced tea. Oh, we got to talk about Arizona. Ben's finally getting his inflation moment. He wanted to talk about inflation last week.
Starting point is 00:41:17 This is a great story though, because we've been talking about record profits, right? We're seeing record profits in the oil industry. Amazon raised their prices faster than inflation all this stuff, right Who's staying 99 cents no matter where you go? You're gonna see those 99 cents printed on an Arizona can they are not changing the LA times the story about this. It's great. I love this guy too I'm obsessed I didn't know this about Arizona. It started by like just, you know, just like a dumb Italian guy from Brooklyn.
Starting point is 00:41:47 Madone, I fucking love it. Madone, great going. And oh man, there's like choice quotes because he's just like, I grew up with a lot of guys like this in New Jersey and it's very funny that this guy is a billionaire now. But he's just, they asked him about like the story why he called the day Arizona.
Starting point is 00:42:04 He was like, the name Arizona came to me because Arizona when I was a kid was it was dry. It was healthy. You had asthma. You moved the Arizona. His name is voltage. Then it became comfortable with customers because they'd heard of Arizona. So we got that kind of glow. I love it. Just insane logic. He heard of Arizona. And he probably knew one kid he grew up with who had asthma and his parents from Brooklyn moved him to Arizona and he was thinking of a drink company. He was like, Arizona, that's where you going? You got asthma. I heard of that. But I love it. He's got, okay, so this dude is
Starting point is 00:42:40 six, eight, I think, or 64. and he's got these two gigantic Italian sons and they run this company. Oh, you can tell that they just cannot wait for a while. The Voltages, when they're at a bar hitting on a woman, they cannot wait to just be like, you heard it, it was all nice to you. I'm the chief marketing officer. That's my dad, my dad is you know those southwestern palettes you see on the bottles? That was my dad's idea.
Starting point is 00:43:06 That was my daddy, because you all people get asthma. They would, they go, They would often go there as only because it's dry, it's healthy. Yeah, you've heard of Arizona, right? No, but we're joking a lot, but these guys are kings. Yeah, they're really, and they look like nice guys. They look like they'd be respectful. So, like the price of aluminum has doubled in the last 18 months.
Starting point is 00:43:24 Price of high forked dose corn syrup has tripled since 2000. Gas prices are pumping up delivery costs, but $1992, adjusted for the inflation is worth $222. But the $99, big air is on a can as the company calls it, persists. Did they make any other drinks? Oh yeah, they make tons of stuff. They have a huge huge variety of drinks. But so they asked them, how can you do it, right?
Starting point is 00:43:48 And he says, the short answer, the company is making less money. The big cans are still profitable, but for the moment they're much less so, than a few years ago. And so corporate profits are a big factor. It's not the only factor, but it's a big factor, a big factor in inflation right now. And so, I love seeing this, Don Voltagio.
Starting point is 00:44:07 I'm committed to that 99 cent price. When things go against you, you tighten your belt, Voltagio said on a Zoom call in early April from his headquarters. Even though it's cost or higher, I don't want to do what the bread guys and gas guys are and everybody else are doing. Consumers don't need another price increase
Starting point is 00:44:20 from a guy like me. So, they're worth over $4 billion. Don't worry fam. The iced tea company wrote. We still got you. Fucking love it. I love that. That's a good, that's a great story. Because you know what? That's the thing is these publicly traded companies. Because they're not publicly traded, right? But publicly traded companies, they get addicted to growth. They have to keep growing in order to earn their big fucking bonuses.
Starting point is 00:44:45 Because a CEO part of their compensation package is stock, that they get stock bonuses and whatnot. That's contingent upon the performance of the company or the performance of the stock. So what do they got to do? They got to just chase the dragon ever higher. So what I'm proposing is you take every big major corporation in America you give it to an Italian American family Okay, I'm listening. That's it and let us Italianify it Everybody gets mad at large sons and raise them to take over the let us all live in Long Island in New Jersey Yeah, I'm out here in California
Starting point is 00:45:25 It's not healthy. Yeah, man. I often wonder how large my sons would be if I had sons Me and you could make a large son. Yeah, but we can't you need an egg, buddy. Yeah trust me. It's not for lack of trying I know just you know we'll get there. Yeah No, I do I think it depends on you know, we'll get there. Yeah. Now I do, I think it depends on, you know, your partner maybe. Yeah. What her... You would either have to choose someone very tall
Starting point is 00:45:51 or the opposite, very short, because sometimes you get that... You can't swear like... You can't swear like... My mom is five feet tall, but I'm seven, two! We gotta see what Mrs. Valtaggio looks like. Hey, Mrs. Valtaggio. I'm full of photo-level.
Starting point is 00:46:06 I'm just a thimble of a lane. She's making gravy for her sons on a Sunday. Making gravy. How do you make gravy? What's in it? Well, so gravy is what a lot of people call. You're just ready. You're just like, whoa gravy.
Starting point is 00:46:20 What is it, Emil? It depends. But some people call Italian red tomato sauce gravy. Ooh, yeah. Hey, Mrs. Voltaggio has the gravy. And they're referring to just like tomato sauce. Yeah, yeah. But it's special.
Starting point is 00:46:35 I still just think of the slurs for Italians that my friend taught me, my Italian friend. Am I the friend who taught you? Because we famously had a segment on this show where I told the dirtiest Italian joke. Yes, you did. But no, yeah, my friend, my old roommate Matt in New York told me what they were. Don't say him.
Starting point is 00:46:52 He just lifts trembling. They both start with G. Gini? No. Guito? No. Goomba? Yes. Okay. No, no Yes, okay, boom boss one and he said the real bad one is
Starting point is 00:47:10 It reminds of have own Yeah, and he was like don't say that one. I was like you just said it you just said it. I'm Italian. He so So He's so. And so nervous. So. So. So. Uh. Wait, but one more thing I wanted to talk about, because it's about Arizona. It's kind of related to Arizona.
Starting point is 00:47:33 It's just. Costco pizza. Because we've talked so much about the Fed. We've talked so much about their tools and, and how they're just going to keep raising inflation rates. And it's kind of the only thing you see people talking about when it comes to inflation. Oh, we just need to like break the markets back.
Starting point is 00:47:48 We're gonna raise unemployment. We're gonna bring prices down that way. But there are other things, and I think that's what's so annoying, right? You're watching fucking Joe Biden get out there and beg the oil companies to do the right thing and stop gouging people with prices. And it's like, you'd love it if they could do one thing.
Starting point is 00:48:02 Yeah. Price controls, anything. But it's been used a bunch. It probably sounds radical to a lot of people. Senator Bernard Sanders may have heard of him. He introduced something called the Ending Corporate Greed Act. And it's a excess profits tax, which sounds crazy, right? They act to impose a 95% tax rate on the excess profits
Starting point is 00:48:25 of large corporations that earn more than $500 million a year. Excess profits are defined as profits that exceed the corporation's average profit level from 2015 to 2019 adjusted for inflation. So that would go to a tax instead of like a, your hand is shaking. Oh, I'm so pissed of you.
Starting point is 00:48:42 You guys are the Italian slurs. Oh, sorry. As soon as we, you're dead. So they're proposing, and this is from the American prospect. It's a great article you should check it out, but they point out that this is something that has been used a lot in the past to fight inflation. And so like many of Senator Sanders' ideas,
Starting point is 00:49:03 this sounds radical, a 95% taxation. But radical. In fact, it is not. The Sanders proposal is entirely in line with both the tradition of US corporate taxation and with its underlying economic and regulatory rationales. During the first and second world wars and the Korean War, the United States implemented a broad-based windfall profits tax during World War II. The tax rate reached a tie's 95 percent which insured that companies could not profit here off the war in addition the u.s. enacted a windfall profits tax on oil and gas companies as recently as the mid 80s bring that shit back bring it back excess profits baby don't forget don't feel wait wait we just saw from our producers here that there's some big twitter news i know that elan
Starting point is 00:49:44 they accepted the tender offer from Elon and they're holding it over. Yeah, did something just happen? It was just that he's got all the funding, it has laid it out, filing, yeah, Cox's sucker. 25 billion in loans, 21 billion in personal equity. Okay, so this is something that we're going to have to lean into in the bonus episode because a couple things. I'm going to talk about what
Starting point is 00:50:11 I look for in stocks to buy and one stock that I've been kind of looking at that I think is interesting. So if you want that, you got to fucking subscribe, Doug. Oh yeah, we should say that the bonus content is a Glenn Free Zone. We love you, Glenn, but... Oh yeah, I gotta talk to you, Glenn, about this. It's just kids, no parents in there, we can do whatever we want.
Starting point is 00:50:33 It's a... But I'm not gonna be breaking the rules at all, just so you know. Oh no, we're breaking rules. That wasn't him. But if you wanna see us break rules, it's just $6. Speaking of Elon Just really fat. I think that that was also this this last earnings call for Tesla might have been peak Tesla I I wait before we get into that can you I think before we do a bonus episode
Starting point is 00:50:56 I I think it'd be great to explain the Twitter poison pill to people I think a lot of people are asking about what that means it might have been the first time people had heard that Right We're asking about what that means. It might have been the first time people had heard that freeze. Yeah, it's been being tossed around Twitter. It can basically, the poison pill is what it implies because it would kind of, you know, it's poisonous for everybody involved. And it's basically in a nutshell, Twitter would dilute everyone. They would dump a bunch of shares and it would just dilute
Starting point is 00:51:28 Elon's holdings and their holdings hence the name That's pretty much all you need to know yeah, but So what happens exactly if I'm a regular Twitter shareholder. How does that affect me? Well the price of Twitter would probably drop because there's a lot more supply being dumped into the market Why does it make it harder for Elon must now acquire it because now it makes it all the more difficult for him to become a majority shareholder. Because there's now all the more shares that he would have to buy more and more and more. But Elon did make a good point, which is that the Board of Directors of Twitter hardly owns any shares. So they don't really have a vested interest in the success of Twitter hardly owns any shares. So they don't really have a vested interest
Starting point is 00:52:06 in the success of Twitter. It's just sort of like they're just placeholder position. They each make like 300 grand a year just to be on the fucking board of directors. And well, maybe some people would argue that they're just in it for the love of the game. Some would say that, but I highly doubt it. And they do have a fiduciary duty to accept an offer
Starting point is 00:52:25 that does benefit shareholders. And one could say that this offer does benefit shareholders better than any other that's out there. And hilariously, Goldman Sachs came out and said that the offer was too low. Meanwhile, they had just downgraded the stock with like a $35 price target. And yet they're saying, oh, this offers too low.
Starting point is 00:52:45 Well fuck yourself. What the fuck? Go fuck yourself. Go fuck yourself. Goldman sucks. Goldman sucks. Goldman sucks. Yeah, done. You're roasted. But I think next time we go back to New York, we're gonna be walking around downtown Manhattan.
Starting point is 00:52:59 We're just gonna get jumped by a... I hope I wish they would try it. Please kill us. I wish they would try it. kill us i wish they would try it but so just the last thing before we wrap it up and go into after hours uh... tesla did just report their earnings yesterday which is two days ago for if you're listening to this on friday which you are but uh... elan of course
Starting point is 00:53:21 had to fucking pump the pump the shit and say that they're working on an autonomous Robotaxi that he expects should be in full production by 2024. A year and a half from now. And I'm going to be the first to say, it ain't going to happen. Yeah, Elon Musk confirms Tesla's working on a dedicated Robotaxi with no steering wheel or pedals optimized for AI. He said that their current aspirations are to reach volume production for that in 2024,
Starting point is 00:53:50 adding he thinks, quote, that really will be a massive driver of Tesla's trail. Yeah, I'm sure it will. How much to that is already priced in, A, and B, when it comes and goes, and it doesn't happen, who the fuck is gonna care or call it out? We're still waiting on that cyber truck, my man. Yeah, doggie. And aren't you gonna be a little distracted, sir, with your new company that you are going to be owning? Tesla.com.
Starting point is 00:54:15 There was, I think one of the funniest tweets I saw about the Twitter thing was like, yeah, Elon Musk keeps saying he's gonna buy Twitter, but he also said you couldn't break that window on the cyber truck and then we watched him smash it open. Yeah, I mean he's just such a fucking con artist I think. But I had a scary thought, like he's on paper the wealthiest man in the world. What if he just kind of figured out how to just keep hacking the system to continue increasing his wealth. What, because like with a few billion dollars, you can manipulate Tesla share price ever higher.
Starting point is 00:54:49 So if you've got a few billion dollars in cash and say like, and this is me being very naive about how the whole thing works, but say you got a few billion dollars in cash in an offshore account. What's to stop you from just buying several thousand in the money call options that the sellers of those options then have to hedge by buying the stock. And then you just see and the United States government, they won't let it happen. Yeah, I guess you're right.
Starting point is 00:55:18 They won't. You got to remember, pal, we've got a system that works. That's why I'm proud to be an American. The SEC has got the full weight of the American government behind it, making sure that none of this stuff happens. So little guys like you and me don't have to worry about that. You're right. I don't know what I was thinking. Everything's gonna be just fine. Well, because as Michael Burry, the big short guy said, the competition came for Netflix
Starting point is 00:55:47 just like the competition is coming for Tesla. And it is funny because Tesla did post like a record quarter and the stock gapped up, but now it's kind of selling off. The Rivian CEO was warning that there's a looming EV battery shortage because much of the battery supply chain isn't yet built out. So you've got increased competition, you've got supply chain issues with batteries coming and I just can't help but wonder if this might be a peak quarter for Tesla for the time being.
Starting point is 00:56:23 Hence his now moving the goalposts to being about Robo Taxi. And like, I don't know. I just, I can't help but wonder how much of this is already fucking priced in. Like, it's a trillion dollar company. Yeah, but maybe we'll find out next quarter. What he can do if it's higher?
Starting point is 00:56:42 Should we place a wager? Methana, I mean, I've been wrong so many times on Tesla, but I don't know. I just if in and now it's such a big part of the S&P That if it starts to drop. I don't know. I feel like we're in very I bought some puts this morning. I bought some puts for for. Uh, uh, wait, I'm not allowed to say that. So cut that because, um, the lens that I can't talk specific prices, but in bonus content and he's going to tell you, I bought some puts in the spy is, is for, yeah, for some
Starting point is 00:57:22 time out. But now we can, now we can really do the dumb endeavor. Why don't you subscribe and we'll tell you. And why don't you subscribe and we'll tell you. But there's one thing that I did. Wow, just spit so much. One thing that I saw on Twitter that was very interesting. E-bikes outsold cars in Spain.
Starting point is 00:57:40 Can we pull up this? I love that. Make fucking, make American cities. So I can make LA easy enough for me to fucking electric bike Yeah, I would never do it now. I'll just get slammed. Oh, you'd die Yeah, another sales record for for e-bikes set in 2021 in Spain 223,561 e-bikes despite all the supply chain delays, with share just slightly above 14%
Starting point is 00:58:08 in terms of units, electric bicycles created the majority of revenue for retailers. That's pretty big. Total e-bike fleet is approaching 900,000 making electric bicycle long term the best selling electric vehicle in Spain. Oh man, imagine us. In Madrid. Oh, scooting around. Dude, when I went to Madrid,
Starting point is 00:58:27 so E-bikes out, so electric cars more than eight times in Spain in 2021. I brought my bicycle to Madrid. Electric? No, just my bicycle, my Fixie. And they were just ragging on you? No, but it was cool having a bike there. Having my own bike there.
Starting point is 00:58:40 I brought the bike suitcase and everything. We love that. I could take it apart with one wrench and I put it in. Did you have a little basket on the front? For all your, when you wanted to take your top us doggy bags home? No. No. But it was right when I was in denial about wearing glasses.
Starting point is 00:58:56 So I wasn't wearing my glasses and I remember writing around being like, why is it so blurry? And now I know. All right. We got to get, we got gotta get on some bikes, man. Us cruising around Spain. Barthalana. Hola. Barthalana.
Starting point is 00:59:12 Well, hey, guess what, guys. That's it. That's it. That's the whole show. Yeah, that's the whole show for today. If you want to see, uh, the, we're getting, we're getting the finger. Yeah, we're getting the finger. We're going to the bone,
Starting point is 00:59:23 we're going to after I was the bonus episode. We're going to talk crypto corner, the mask mandate midterms, Joe Biden being a fucking old bag of shit. We're going to be talking about. Oh, yeah, the mask mandate stuff. We're going to be playing some stuff. We're going to be reacting to it. It's going to be super fun. Yeah. Also, it's we're going to be cussing. It's very different in there. Yeah, the lighting is different. It's gonna be a whole new vibe. And so remember, if you wanted to, TMGStudios.tv, sign up for the Trilian Air Mindset tier,
Starting point is 00:59:52 come fucking check us out. Our very sweet, sweet editor, Alex made a very cool new little intro for after hours. So we're gonna preview it here. Oh, also right before we do that, we just gotta say, like always, kill your parents. You could say, go for it, I was gonna preview it here. Oh, also right before we do that, we just gotta say, like always. Kill your parents. You could say, go for it, I was gonna say something else.
Starting point is 01:00:09 Okay, no, you say it. What? Right, there's five stars. Yeah. Like and comment. We're a new channel. Fucking like and comment, drive the algorithm. Go absolutely nutty on it.
Starting point is 01:00:20 Yeah. Tell your friends do all that good stuff. Manipulate the internet and hack it. Yeah, we still got merch up, go check it out. Yeah. Tell your friends do all that good stuff. Manipulate the internet and hack it. Yeah. We still got merch up. Go check it out. Yeah. That's it. So we'll see you in the after hours. Bye bye. I love you. I like you. I love you.

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