The Trillionaire Mindset - 68: Is Mr. Beast going to IPO Feastables?

Episode Date: January 13, 2023

Become an exclusive member to get ad-free and bonus episodes at https://bit.ly/tmgstudiosTV_trill67_audio Mr. Beast is going to IPO his companies?! Today Ben and Emil break down the potential public ...offering on the horizon. Is it a good idea? The guys have thoughts! Plus, Jim Cramer is going off again and a special guest stops by to put an end to it…and the return of Trillionaire Newsline (TITLE PENDING). Into Celebrity gossip? Head to https://bit.ly/tmgstudiosTV_trill67_audio to hear more about it in this week’s After Hours. Go https://HelloFresh.com/trill21 for 21 free meals plus free shipping! Check out our channel page on Apple Podcasts, go to: https://apple.co/trillionaire SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Want to subscribe to our newsletter? https://bit.ly/3VUvwj4 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 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.* Chapters: 0:00 Jim Cramer 4:30 Intro 5:00 Ben Returns 7:17 Housekeeping & 100k! 10:05 FAA Shuts Down Flights 11:35 HelloFresh 13:55 Mr. Beast IPO? 19:00 Message to Mr. Beast 20:33 Crypto Scam? 21:30 Mr. Beast Circle Videos 23:00 Doing Stuff For Money Sucks 27:00 Should Other YouTubers Offer Stock? 28:08 BBBY Going Bankrupt 30:50 Microsoft and ChatGDT 32:50 Netflix Ad Supported Deal 35:20 411 Is Ending 38:30 Ben’s Relay Experience 40:55 Headlines Round 2 47:26 Did Ben Win the Mega Millions? 48:15 Market Updates 50:15 China Stocks Rally 50:58 Back into Coinbase 52:20 Seattle Schools Sue Tech 54:00 Abuses of Tech Industry 59:36 If you sickos made it here… 1:00:08 After Hours Preview

Transcript
Discussion (0)
Starting point is 00:00:00 Hey guys, welcome to the Trilianer mindset. Bad news again. Ben is stuck in traffic. Once again, it's so odd that this keeps happening, especially when we carpool, but he told me to just get going while he fights this LA traffic. Oh, I do want to make sure to let everyone know. Check the disclaimer, all those steves. Let's make sure you read it. see more continue keep reading whatever it is and yeah we're just gonna get started here big news and this hurts because I know Ben would have just loved this our old pal Jim Kramer he's out here he's tweeting about defense stocks so we've got this tweet from here if you feel the cause is just and you want Ukraine to win, not just tie, they need unlimited drones made by Arrow Virenment.
Starting point is 00:00:52 The inventory alone would change the game. Alright, so he's out here shilling for defense contractors. He's got the CEO of Arrow Virenment on on his show talking about how... yeah! Oh, oh. Okay, alright, not the koala. Alright, come on, sir. Oh, come on.
Starting point is 00:01:23 What's up, peasant? Why? I'm here to educate you. Crayber! You stupid fucker! Oh shit. Shut the hell up. I'm about to spit some knowledge on you. Alright. Crayber!
Starting point is 00:01:35 Oh man, I'm fucking angry at you. You stupid bald fucker. What do you think you're doing out here? What do you think you're some kind of war hawk? Well guess what? Not only are you not a hawk you think you're doing out here? What do you think you're some kind of war hawk? Well guess what? Not only are you not a hawk, you ain't even a pigeon! You're not even in the bird family.
Starting point is 00:01:54 In fact, you're not the more than a pathetic egg. Cause you got an egg shaped head. Cause you're bald and you're a freak. And you know what I'm gonna do with you? I'm gonna hold this. Hold it in my mouth. I'm gonna do with you? I'm gonna hold this. Hold it, my man. I'm gonna take your little head. And I'm gonna get it right in here.
Starting point is 00:02:12 I'm gonna crack it. I'm gonna crack it and spill your stupid yoke and the wide part that looks like come all over the floor and then I'm gonna have my dog come and lick it up because after you are you son of a bitch You're nothing more than a crack egg So Excuse me
Starting point is 00:02:35 Shut up you dumb brother fucking hippie It's your fault. It's not your fault, but you're just here and you guilty by association. I was gonna have... Cramer! I don't know what the fuck you're doing, shilling for this arrow-virement company, but I can't abide that. Okay. I understand that you got a job to do, but it ain't this kind of job. You son of a bitch. We're not out here trying to spread rumors and spread more warmongery shit, alright? You son of a bitch, don't do that!
Starting point is 00:03:09 Yeah, don't do that. Don't do that. Yeah, don't do that. You know, I didn't even know this fucking gumma do you just it, but apparently they do. And what the fuck man, you turn to encourage them, they need unlimited drones made by air environment, the inventory alone will change the game, you know it will change the game, you shut the fuck up. That's what I would appreciate.
Starting point is 00:03:41 So anyway, Kramer, if you get this message if you see me Remember what I'm gonna do to that egg head of yours. You dumb fucker. You ain't a war hawk. You a war egg And we want peace time, okay? So here's what I'm gonna suggest shut the fuck up Shut the fuck up. What what is it? We just Can help myself. Okay. I think I think I made my message out of career clear a creamer shut the fuck up Shut the fuck up creamer. You know I'm son of a bitch. All right. That's it. I'm out of here Peace me with your brother. Hey, okay. We're back on the same team. No, no, we've always been on the same. Okay shut the fuck up Well, the back of the beat man, Kramer, we're not getting done with you
Starting point is 00:04:44 Don't be up Be quick, all this Yeah God that's been what I love that. Oh there you are man. Yeah, sorry every time Every time you get jammed up in traffic, I swear to God, these absolute. No, no, there was a, come on to the set. There was a big, a pancake truck spill or something, pancake batter all over the highways, crazy bodies everywhere. Oh my God. Crazy. Did it pancake people? No, no, no.
Starting point is 00:05:22 Nobody died. Thank God, but everybody was out of their cars, just like on their hands and he's slurping the shit up. Holy shit. And I was like, no, you, um, nobody died. Thank God, but everybody was out of their cars just like on their hands and he slurping the shit up. Holy shit. And I was like, no, you can't do that. It's uncooked. And people were like, shut the fuck up. Hippie. And I was like, wow.
Starting point is 00:05:34 That's rude. I'm just trying to help. Kind of a similar experience to I just actually. Really? Why, what did I miss? Why, I told the shout out, hippie. Who told you to shut up? This wrestler guy.
Starting point is 00:05:43 Oh, that guy. He fucking loved that guy. Me and him are buds. this wrestler guy? Oh that guy. I fucking love that guy me and him are buds Is that true? Yeah, yeah, no, I feel like he was like my butt at the end, but he was telling me to shut up Yeah, well he's a little like bipolar or something Or not. Oh sorry fuck sorry. What are these his sunglasses? Oh, I guess he left those. Yeah, well if you see him I should just wear these the whole time. No, but they're polarized. So you can't see the screen.
Starting point is 00:06:08 No, they have terrible political opinions. They're both. Oh, we get out the silly. Really good, really good. Well, glad to see you back at the steed. Yeah, I am. No pancake batter. No, no, no, I drove over it though.
Starting point is 00:06:24 So it's all over my car. Oh, the Volvo's covered? Yeah, it's just absolutely covered in pancake batter. Although the guy did say that his cum was kind of like the white part of an egg, which was a... He said that his cum was like the white part of an egg. Well, I assume he said the white part of an egg, you know, that's like, cum?
Starting point is 00:06:39 Yeah, the egg white. That's why I don't do the egg white, egg whites. Because it's like, this is gross, man. You're just cooking it. You're just cooking, come. Correct, am I wrong? They're very similar, it's why, yeah.
Starting point is 00:06:55 If you're trying to clean, come off yourself. Uh huh. A lot of people want to use hot water. You're not supposed to. It's going to cook it. You're supposed to. That's why it's like, it's like an egg. It's literally like egg whites stuck to your leg hair. Cold water. You want to get come
Starting point is 00:07:10 off you? Folks, welcome to Trillionaire Mindset, the number one finance podcast on the internet. Can we scroll up? What do we miss here? Oh, yeah, we got the, wow. Okay. Oh yeah. Oh hey, hey. No, go ahead. Well, cause you're feeling sick.
Starting point is 00:07:33 Well, I feel fine. No, no, Emil was saying that he feels sick and he might, he feels sick and he's got T right here. And I can smell it from here. Is it green tea? No, it's Commandling ginger to Merrick ginger to Merrick. That's what it is big. Oh No, this is Rishi Rishi the good stuff. Okay, Mr. Rich over here. Richie Rich. Rock a fellow baby
Starting point is 00:07:58 Anywho Listen guys, you need to do us a huge favor You got to subscribe on youtube.com slash trillion in our mindset if you're an audio listener get with the fucking program Huh, at least just go hop on over there and give it a give it a click and then give it hit the notification bell so that you at least get annoyed and harassed when also if you're an audio listener and you're like I refuse to leave my platform Why don't you go ahead and leave us a five-star review on Spotify iTunes Google podcasts Audible dot com. I don't know. Oh, man, Google podcasts, audible.com. I don't know. Oh, man, but you get your podcast.
Starting point is 00:08:27 I hate that shit. Yeah. That's like saying, some people do get them in weird places. I guess, but it's, it's a, that's like when they used to say WWW, they don't say it anymore because it's a fucking given. And because. Okay, his brain ain't working, but it's okay. It's okay, buddy.
Starting point is 00:08:44 Thanks. But we got to get to that 100 that we, we only ain't working, but it's okay. It's okay, buddy. Thanks. But we got to get to that 100, that we only have like 11 and a half months to get us to 100,000 YouTube subscribers, at which point. And we don't hit it. We're just gonna end the show. By doing, what is it called?
Starting point is 00:08:59 Sepuku? Sepuku, yeah. That's, we're gonna fall on our swords. Yes, we're gonna fall on our swords. Also, hey, follow us on social media, huh? Him him him the Milder Rose and me Bencon And join our subreddit Trill Trill mine's pod Trill mines pod on reddit a lot of cookie shickled, but only join if you're gonna be normal
Starting point is 00:09:20 No, be weird go for it. Who gives a shit? Because we're almost up to three thousand000 subbies on there, whatever the fuck. Also, apparently there's a lot of confusion on the subreddit about what the trader treehouse is. It is a chatroom for trading stocks and we've actually had a very good week. A lot of people made money, which feels really good for me. Because I like that anyway. So there is some confusion to about the traitor tree has T.R. A.I. T.O.R. Yeah, that's that is just a chat room. We are trying to overthrow the US government.
Starting point is 00:09:53 Yes. And a lot of people lost money, but it's going towards a movement. So yeah, make sure you join that. Um, man, boy, let's just we just dive right into it. You hear about these to the the big news You hear about these flights shut down across America. Wow, you're crazy. The far outage. Oh, oh FAA Not the far Really they should call it the far. Why cuz it sounds better rolls off the tongue
Starting point is 00:10:20 Fah, give us speech as people judge and say and say, Fah, I'm Pete Buttigieg and today the Fah, uh, uh, how do I get? No, I don't like it. Okay, fuck. Alright, well, thank you for ruining that. Try, try FAA. FAA, I'm Pete Buttigieg and today the FAA, but I'm not.
Starting point is 00:10:37 Yeah, that sounds a bit more. Yeah. Okay. Apparently, it was a corrupt file. Just one corrupt file. Apparently, apparently the file was taking bribes. It was a corrupt file. Could you believe this?
Starting point is 00:10:52 It was a corrupt file. You know, crazy stuff. Yeah. I got silly Billy. I think because I'm on an empty stomach. And I had that Starbucks. Yeah, usually you jam a banana into your mouth. Yeah, I brought the banana. I think because I'm on an empty stomach and I had that Starbucks. Yeah, usually you jam a banana into your mouth Yeah, I brought the banana. I'm gonna have it between shows
Starting point is 00:11:08 But there they're at first it was that they were they thought it might be a cyber attack and It turns out that it was just a corrupt file this one this one desk jockey probably fucked it up and it cost Millions of dollars and damages, but they're not even going to punish the guy. They're just going to be like, came in. They'll punish him behind doors. No, what? They'll punish him behind doors. Yeah, there's not going to be public to do it.
Starting point is 00:11:33 No, I don't know. All right. Mr. Beast IPO. This is the big news. This is the big news. So, Mr. Beast tweeted out. I want to build feastables, beast burger, etc. And eventually be able to sell parts. Did you just say et cetera? What did I say? You said et cetera. I don't think so. Et cetera. Et cetera.
Starting point is 00:11:57 I'll take it again because but I don't think I do. I want to build feastables, beast burger, et cetera, and eventually be able to sell parts of them for billions of dollars so I can give away billions in future videos. These next few years will be an interesting experiment. Ha ha. Okay. And then he follows up with... Maybe I should IPO feastables and Beastburger while they're relatively small so you guys
Starting point is 00:12:19 can share in the growth. Feel pretty confident. We can easily 100x the rev we are doing. But I don't know if that'd make my life too stressful or not haha yeah um I have a lot to say about this tell me oh boy thank you thank you Kenneth um can I say please just kidding Kenny Murphy can I say can I say right off the bat if last year has taught me anything it makes me a little bit nervous when someone says I just want to make billions of dollars to give away billions of dollars.
Starting point is 00:12:48 Yeah, it's reminiscent of Sammy Bankman for eat. Yeah, did you see that they just as a quick aside, they found five billion dollars in liquid assets to repay credit? Yeah, did you also see that he started a sub-stack? SBF. Yeah. I mean, okay. Also see that he he started a sub stack SPF yeah I mean okay and basically now he's blogging about how none of it was his fault Wow, yeah, we're gonna have to cover that soon, but so Mr. Beast can we go back to those tweets
Starting point is 00:13:20 An IPO for those of you who have been living under a rock, say hello to the bugs for me, it's an initial public offering, which is when you go public, you go from being a private enterprise to a public enterprise where people can participate by buying shares and blah, blah, blah. And what are the advantages of that for someone? You raise money. Yeah, for a company. So now you have a lot more resources.
Starting point is 00:13:40 Yeah, you got a lot more money to use to build out your company and scale and fund your, whatever your aspirations are. Some of the downsides, now you have to be in compliance, you got to buy it by all the regulations and file with the SEC all these things. So, when he says, I don't know if that would make my life too stressful or not. I don't know, dude. Your life seems pretty stressful as it is is making people stand in giant circles and whatnot For $500, but yeah someone said So, someone told way better to stay private and someone said way better to stay private and not have to deal with regulators
Starting point is 00:14:14 It isn't worth it Mr. Beast replied I agree but I also want my fans to be able to make a ton of money as it grows I don't care to sell any shares for a long time. I think that he should do it. I would buy it shit But the only the thing is I PO's these days to sell any shares for a long time. I think that he should do it. I would buy it, shit. But the only, the thing is, IPO's these days, when they go public, they're already priced to the fucking night. I mean, you remember Rivian,
Starting point is 00:14:35 Rivian debuted at what, like $120 billion IPO, market cap IPO, and I remember Snowflake, which is some like cloud computing not computing but some cloud company to 20 or 20 or 20 She was bad Joe. That's a great joke good. Snowflake the cloud the cloud company for liberal. That's great. Oh, yeah That was good but they for liberal. That's great. Oh, man. That was good. But they, they IPOed at an insane valuation too. And they're see, I remember their CEO, I think we covered it. And their
Starting point is 00:15:11 CEO was making like, I don't know, fucking $70 million a month in compensation as he should. Jesus Christ. But so I'd be worried that the because obviously when you IPO you need to Well, you can do I think there's a direct offering Either director indirect sorry. I know there's people out there who are gonna be correcting me in the comments, but Like Spotify did I think a direct offering where it's just there's no middleman There's no like bankers and whatnot that you got to pay to It's just there's no middleman, there's no like bankers and whatnot that you got to pay to make you public. It's just they had, hey, we got our shares, you can just buy them directly from us.
Starting point is 00:15:50 And then the other way is having a bank, shaperone, you essentially, a big bank. Yeah, direct listing is a way for companies to become publicly traded without a bank backed initial public offering. It's important. You know, my thing is, I'm just like, how much fucking growth does he see for takeout hamburgers and chocolate bars? I mean a lot. So what's interesting to me is that it feels like it could be another kind of game stop situation where everybody's collectively of GameStop situation where everybody's collectively, like I like that he wants his fans to be able to participate in the growth.
Starting point is 00:16:29 I think that that's cool and admirable and it's in the spirit of what he already does. But yeah, I, if he's going to do it, IPO, Mr. Beast, this goes out straight to you, sir. Not that part. Can he gave me the sparkling liquid death, right? But so. Oh, you never give Ben something with bubble. Oh, baby, don't you know it, big mistake. If you're gonna IPO, do it at a fucking rock bottom valuation. I'm talking like, I don't even know, man,
Starting point is 00:17:04 $500 million, $250 million. Maybe he would, because he's saying he wants to be. That's what I would hope. Yeah, be able to get in cheap, but then the other thing that sucks is it would get bit up so insanely fucking fast. It would probably, it would probably open up a thousand percent and then everybody would have to fucking chase it. I don't know. That's, that's It's- Also I'm pretty sure Mr. Beast, I don't know how bad it was, but I'm pretty sure he did a, like, initial coin offering. Really?
Starting point is 00:17:32 Yeah, and some people got flased. Really? Yeah. This is like, when everyone was doing it. Oh. Huh. You would think that that would cause more headaches. Because you've got to be, you've got to be like,
Starting point is 00:17:43 compliant in your own, in your own right, in your own way. Instead, like, one of the benefits of being compliant is that they've got like the rule book. They've got the guide. So you don't miss any steps. You don't miss anything. It's like, right, we're doing this, this and this. It's all by the book. It's all on the up and up. Whereas an ICO. Right. That's kind of the beauty of it, though. Here's like, I don't know. I thought, yeah, I guess. Yeah, I guess. But Mr. Beast would never do that. Look it up. Look up the, can you, can you see if that? Oh, yeah. Also,
Starting point is 00:18:16 do you believe he has misled them into a refinementable cryptos game. The cryptocurrency did a swan dive to the bottom. A classic tale. Yeah, Mr. Beast backed for refinementable, a cryptocurrency that has cost. It's can you zoom in a little bit? There we go. Cost is back. There's so much money that he is accused of misleading his fan base. Mr. Beast didn't just mention it casually. He allowed his image to be used for marketing this cryptocurrency since being released on the 27th. The 27th, the currency is fallen by $6. Oh my God. By the way, can you think of a man who looks less like a beast than Mr. Beast?
Starting point is 00:18:55 Isn't he super jacked with a shirt off though? No. He doesn't have time, he's too busy making people stand in circles, big circles. He's too busy. I really hope that he just, he just fully does circle stuff now. We made thousand people stand in a big circle. Okay, this time we got five people standing in a small circle. Just a whole circle coming. I don't know. I don't know the circle thing. He's one of his videos he recently did was like,
Starting point is 00:19:25 he made, I don't know, 500 people stand in a big painted circle for like days. Does all the all just shit in the same bucket? Is it like one person gets the money? No, it's, yeah, here we go. I put 100 people inside of a giant circle. Last one to leave Woodens $500,000. But I think he entices people.
Starting point is 00:19:44 He'll be like, all right, if you000. But I think he entices people. He'll be like, all right, if you leave now, I'll give you a five grand. If you leave now, I'll give you, you know, a hundred grand. I know he seems like a fine person, but this is kind of gross to me. Yeah, of course. I mean, yeah, it is. It is like everyone talks about how, oh, he's giving money away and stuff, but it's like, yeah, he's also making people do weird things for money. Well, you got to work for it, man. This is capitalism.
Starting point is 00:20:11 I guess. Yeah. Just give out the fucking money. Yeah. And then everybody's like vlogging it too, like holding, well, here we are. There's only one thing to do. I got to like lay in this.
Starting point is 00:20:21 God. Yeah, oh, they have porta-potties, disgusting. Jesus Christ. Yeah, he, I don't know, there is something that I don't trust, but I don't think that like he's the type to get canceled because he looks like he doesn't fuck. No, no, not, I don't think he's gonna get, I just don't think it's cool to make people do shit for money.
Starting point is 00:20:40 Oh, sure, well that too, but. Like even when I just watch game shows, I'm like, this sucks, it's giving them money. Especially they always, there's always a story. They're always like, yeah, and then you know, our kid got cancer. And so we kind of lost all of our savings, and now we're living out of a van. And they're like, well, take a look at the briefcases and let us know if he thinks it's in there. You're like, can you just give them the money? Yeah. Clearly, you can because if they win, they'll get it.
Starting point is 00:21:05 So like you can afford it. It's within your budget. Right. Yeah. Well, he doesn't have enough money to give all those people $500,000. Just one of them. But not, yeah.
Starting point is 00:21:14 I have jeez Louise. Anyway, Mr. Bees. And I got to say, I'm a little annoyed. I was reading up on some of his Beast Burger things and it sounds like he's taking harder and jobs away from hardworking Italian Americans. Explain. Can you expand on that? What's he doing? The fucking restaurants he uses, right? Nationwide, more than
Starting point is 00:21:33 150 beastburgers are operating out of locations of Bucke de Beppo, Bravo Italian kitchen, Brio Italian grill. It sounds like he's giving. She's brick. No, no, no, he's he's ruining these fine establishments. By having the mint and the beef. Is it a, is Mr. Beesburger a Smashburger? I'm pretty sure. Really?
Starting point is 00:21:57 It is? It's a Smashburger. For those of you who don't know, a Smashburger is when they collect all the grease and the burnt parts of the burger that are still in the grill and they just smash it. I mean, they look gross. They do. And they are a caloric and saturated fat bomb. So, that's a lovely thing.
Starting point is 00:22:16 You wouldn't find me in one of those. Not now. I feel like, especially with this chocolate, wasn't his whole thing like- Feastables is chocolate? Mr. Beast Chocolate, that's his huge brand. chocolate, what was his whole thing? Feastables is chocolate? Mr. Beast chocolate, that's his huge brand. Oh, what's Feastables? I think it's his brand of food. Is it like a, oh yeah.
Starting point is 00:22:33 Yeah, Mr. Beast chocolate. Oh yeah, chocolate. Oh yeah, I chocolate. Oh yeah, I chocolate. Oh yeah, I chocolate. Oh my God. But he's also just, because I imagine most of his fans are kids, right?
Starting point is 00:22:43 So, his whole thing is like, he just wants to make people do weird shit for money and then make kids fat. Michelle Obama's having a conibction. She's shaking her head going, be better. What would you do for a, you remember what would you do for a Klondike bar? What would you do for a Mr. Beast chocolate chip bar? There's a funny video where some guys, I think it's a TikTok, some guys going around, going,
Starting point is 00:23:10 if I give you $20, we eat this Mr. Beast chocolate bar and people are going, no, and it gets up to $100. Why, I know, I don't understand. Do you give me $20, I need it. They're probably fine. But it got up to $160, and then some mom was like, I'll eat it. Yeah, I'll eat it a fucking chocolate bar for free.
Starting point is 00:23:26 Give it, just give me the chocolate bar. I see it, because I thought feastables was like lunchables where they were just little Mr. Beast branded plastic. He thought he was selling intangibles? Well, I thought something like that. I mean, feastables. It just sounds so piggy. Just like, here you go, fucker.
Starting point is 00:23:44 I think he thinks people are little pigs He's like what do these little pigs do for money? And then he's like, oh, do you want some burgers? You fat little piggy? Yeah, watch that down with the chocolate By the way, we're not shit talking mr. B. No, I am yeah, roll up Jimmy. That's his name Jimmy No, I'm joking, mr. Jim beast Mr. Jim beast. Mr. Jim His wife, do you think is he single? I mean, he's like 22, isn't he? That young I don't know. He's yeah, he's like in his early 20s. God damn Mr. Beast How old is Mr. Beast seriously? Let's guess. All right. I'm gonna say 23 Mr. Beast is 24
Starting point is 00:24:22 You saw wow Wow. Yeah. Yeah, he does not look like a beast. He looks more like just like a, a rodent. He's a god so Mr. Rowan. Mr. Rowan, no. See, that's meaner than what I was saying. I'm questioning his motives. I look like a rodent.
Starting point is 00:24:38 No, you don't. Sure I do. Literally all the comments are out. I'm just about how hot you are because you're glasses. Oh, stop. I look gaunt. Anyway. And that just fuels it more. They love it when you go. Literally all the comments are about how hot you are because you're glasses. Oh stop. I look gaunt. Anyway.
Starting point is 00:24:47 And that just fuels it more. They love it when you go, I don't look good and they go, oh, bitch. You're the hottest guy that's ever seen. Oh man, shut up. Shut up. But anyway, I think that it's a good idea. I think you should do it. And I think that it would probably be hugely successful.
Starting point is 00:25:02 That is not an endorsement to buy or sell any security. I'll buy it. Because I'm a fat little piggy. Yeah. I'm a piggy eating at the trough, Jimmy. Yeah, Jimmy. Give us some shares and we'll help. No, I'm not going to go there. That's a bad idea, man. Should other YouTubers do it? Should other, I can't imagine who would do it. I think any of them would. I mean, but that's the problem right the stuff They're talking about with what that one competitor was talking about of well, you're just gonna have such a huge headache because of all the regulations and all these things You're gonna abide by they don't want to do that. They want to they want to hire someone He's so obsessed giving away money give money to a compliance guy. Not that. It's the you know
Starting point is 00:25:41 Logan Paul oh sure crypto whatever the fuck yeah, yeah, cuz he'd probably feel bad if the stock took a shit I must see this bed bath and beyond oh I saw man. I'll tell you what in 2023 what I'm rooting for the apes I no longer thinks funny. I I picked up some shares I bought it like two bucks and then I bought some more at 230 and then I sold damn it's up today pretty big I made like three grand on this thing talked about it in the tree house and Stock popped on no news as they I mean Yeah, so what happened all of a sudden bedbath and beyond was warning people that they might go bankrupt. Yeah, they're laying off more Workers closing more stores. Yeah
Starting point is 00:26:22 But they at first the apes didn't buy it right? Well, I it's no longer just the apes now. It's now it is a just a trading vehicle like Finance Twitter and and all the traders were all over this because sometimes bankrupt stocks They've already gone down so much that the only thing left to do is for the shorts to cover and for it to kind of have a bit of a rally but part of But part of the thing with this was, they haven't announced bankruptcy. They just said that it's on the table and that they've got... And some people think they're going to get acquired, right? I didn't see that part, but I just know that they've hired advisors to help them turn things around.
Starting point is 00:27:02 It's crazy because they still make money. I mean, let's see, stop right there, stop right there. I mean, yeah, sales have declined quite a bit, but they're still pulling in. Parabolic. You know, they still pull in money. They pulled in like a little over a billion dollars in revenue at the last quarter.
Starting point is 00:27:21 It's like, and Ryan Cohen has long gone at this point, right? I believe so yeah the The king of the apes the big monkey if you will the big stinky hairy monkey He took a shit and he put in his hand and he just chucked it at the people He's like the other way. He's like mr. Beast with with the apes Mr. Beast to poor people. He's the true thing Cohen. Yeah, Cohen. Cohen. Cohen.
Starting point is 00:27:47 Yeah, so that will be interesting. And I think AMC spiked on it because, you know, bad bath and beyond is part of the whole basket of meme stocks. But, yes, you know, what else we got here? Another big news, Microsoft is planning to invest $10 billion in chat gpt The that's interesting it would only value chat open AI the the parent company at $29 billion Why don't you just round it up to 30 Christ on the cross? Yeah, this would be its biggest Investment and startup ever I think I think they already invested what a billion dollars into it.
Starting point is 00:28:26 Yeah. And open AI, everyone knows it, right? That they own all the apps you've been messing around with with AI. Chat GPT is their latest one. Everyone's typing in fucking email prompts and story prompts. It's leading schools and stuff to ban AI so you can't just say, give me an essay about George Washington's wooden teeth. And it's like, hello, okay, yes, here you go.
Starting point is 00:28:55 So think about George Washington's teeth. I don't understand these fucking, the nerds are the ones warning us about AI and yet they are the ones who are also Building it So stop Right well, I think they're different nerds It's almost like well somebody's gonna build the nuclear bomb. We might as well be first Somebody's gonna build this shit so we might as well make it benevolent and help kids write essays on George Washington's
Starting point is 00:29:28 fucked up teeth. Well, and so people have been calling this for a while, a Google killer. Some people were like, you're not gonna need Google anymore. You're just gonna go right into chat GPT and say, hey, I need these recipes, I need whatever. It's gonna be your new search engine.
Starting point is 00:29:41 Not me, baby, I'm sticking with Google. Show me those sponsored links first. Well, that's the page. You can be half the page with sponsored ads. They don't think it's gonna make being some search engine powerhouse overnight or anything like that. And Google's working on its own AI stuff anyway. Sure.
Starting point is 00:29:55 But I'm pretty sure Microsoft is now doing all the ads for Netflix. They're doing really? I think so. Man. So I think it's also to help with their ad business. Yeah, power. Yes, power. Yes, this is what I thought that they were like the only advertiser. Yeah, no, no, no, yeah, sorry. They are, they're, they are the exclusive technology and sales partner to help power their ad supported thing. The ad supported thing is, it's going to be interesting. Netflix earnings next week and the stock has gone up quite a bit and going
Starting point is 00:30:30 into that anticipating this first quarter. I believe this I think this is going to be their first quarter with the ad supported tier. By the way, I was really disappointed. The ad supported tier, you can't even get HD. It's like 720p. Well that is HD but it's lower quality. Like give me 1080p. I think that's the one I have the lowest. Really? It seems fine. Yeah.
Starting point is 00:30:52 Also they always, because I definitely have that one, because like always before I started show or something, they're like, do you wanna upgrade? And it's two pictures. And I'm like, I can't tell the fucking difference. Yeah. I'm like gonna pay $5 extra for that? Yeah.
Starting point is 00:31:04 Damn, I should downgrade then. Shit. But also I can't do it anyway, because I'm using my the fucking difference. Yeah, I'm gonna pay $5 extra for that. Yeah, damn, I should downgrade then. Shit. But also I can't do it anyway because I'm using my dad's password. Oh man, see I'm an adult. I have, I am no longer on any kind of family shit. I don't think I pay for anyone. Well good for you dude, Jesus.
Starting point is 00:31:20 H-bow, Hulu. Fubo. Fubo. No, I don't know Fubo. Oh. Oh, so the chat know Fubo. Oh. Oh, so the chat GPT thing, a lot of people make fun of it, right? Because it does give some bad answers. And I think even Sam Altman, the guy you've probably seen him all over your Twitter feed,
Starting point is 00:31:34 the guy who's the CEO of OpenAI. You still get a lot of goofy answers, and he said it's not all the way there. But it came out relatively recently. Remember when we were all playing with Dolly and everyone was having fun and you could get these weird fucked up images and they weren't. Yeah. Super clear. Now it's... Yeah, have you played with it recently? No. It's so good. Yeah. It's crazy. We've been doing it for... Our friend has a subscription or I don't know how it works exactly, but he was like, give me your, give me descriptions of your D&D character.
Starting point is 00:32:06 And I wasn't even that careful with it. I was just like, oh, it's like that. And it came back and I was like, that's exactly what they looked like. Like that's cool, man. It's perfect. Should we put him right here? Okay.
Starting point is 00:32:17 So unless that's annoying for the editor, there might be a way here. The editor? Advertis that a name. But so, you know, I'm curious how... I'm curious to see what chat GPT will look like and... What is the GPT stand for? Go.
Starting point is 00:32:34 Okay, clearly you don't know. Give me one second. Okay, go what? Don't say pussy. Don't say it. No, it's Google Pussy. Google Pussy, too. Anyway, oh, oh, generative pre-training transformer. That's boring.
Starting point is 00:32:56 You know what else is going the way of the fucking Dodo bird this week? RIP, a big RIP. Oh, yeah, this is related. A big RIP, 411. I was gonna call it 411, 411. It's going out of service for millions of Americans. A lot of you probably don't even know what the fuck it is. Yeah, you little, you little torps. You ever heard someone say, give me the 411?
Starting point is 00:33:17 That's because the 411 used to be like Google for many people. It was information. You would say, let me call information for that. And you would dial 411 and you would get a live operator who would say, information or 411, and then you would give them a query much like chat D.P.T. You'd be like, hey, the... Can you do me the movie times for... I don't know if they would do shit like that. I think they would. Really? I can't remember.
Starting point is 00:33:45 Cause I used to call it before. There also used to be a service where you could, my dad used to use it for syncing up your watch. It was like you would dial a number and then it would say at the tone, the time will be 11.52 and 30 seconds. Boom. Boom, there it is.
Starting point is 00:34:04 Interesting. Yeah, and you'd be like, oh okay, I got it. Boom. Boom, there it is. Interesting. Yeah, and you'd be like, ooh, okay, I got it. Well, 4011, yeah, you used to call it. Oh, it offered weather, bus schedule, sports course, time and day, to election results, and other information requests. What a weird God. Yeah, dude. Jeans.
Starting point is 00:34:22 Waiting for election results and just keep calling for one. What is it? So, fun so fun fact George Bush beat him I want to know if do coffees got creamed Oh the the operator became the early phase of the telephone a human behind an emerging and complex technology the job came to be occupied mostly by single, middle class white women. Known as, wait, scroll down, no. Hey, look at those ladies, just having fun at work. Known as, hello girls. Hello girls.
Starting point is 00:34:54 The Bell system, known as Ma Bell, advertised its mostly female ranks of operators as survival and attentive. The voice with a smile to attract and maintain customers. Well, you know, an attentive, just how I like my women. You know what single middle, what was it? Middle class white women? Mostly up anyway, my white sister was what's it for when one operator?
Starting point is 00:35:14 Really? Yeah, she went for how long? I don't remember for a while, I remember, I think. It's funny because I'm like, how do they do it? Because in my mind, if the only way for when one works is you're just having people Google stuff. Yeah. Yeah, I don't know.
Starting point is 00:35:29 They just got like an almond-ac and shit nearby and a newspaper. Yeah, are they calling the White House? If you want the election results? Hang on, let me call the White House. I'll see if Decalac has got his ass kicked. But my sister, I remember she got hit on one time, and of course, she was servile and attentive.
Starting point is 00:35:51 People, people, people would prank call. It was right when South Park came out, and there was, she said that there was a guy who would call and do Cartman's voice multiple times, and she thought it was funny. And I think I called and tried to get, I think I got her one time. I can't remember. But it did remind me of a service that I used and abused. And it was very, very fun and entertaining when I was in high school. It was called Sprint Relay.
Starting point is 00:36:18 Have you heard of this? Do you know what this is? So Relay services are free services for the deaf. And the deaf person goes online to Sprint Relay, puts in the phone number that they want to call, and an actual human operator will call that number for you, and will relay whatever you type, so that you can have a conversation with someone who's not deaf.
Starting point is 00:36:46 Oh, so you were doing it. So yeah, I would call my friend or my brother standing right there and be like, hello, this is Sprint Relay Operator blah, blah, blah, blah, blah. You have a call from Ben. Would you like to accept and they go, yeah. And then please stand by and then I would say like, Hey Sam, what's up? It's been, the operator to go, Hey Sam, what's up? It's been, go ahead.
Starting point is 00:37:10 And then Sam would say something back and the operator would type it back to me, but we would obviously make it horny. Make it horny. Yeah, of course. And sometimes the operator would oblige and would just say, fuck it and do it and say, oh God, oh God. I'm so horny, I'm so hot right now, whatever the fuck we would like. Nothing like phone-sexing your brother through a goby-tween.
Starting point is 00:37:44 Or friend or my friend. Sure. Yeah, yeah, yeah. It was an incestuous. Right. Always just gay. It was just playing gay. But it was, it was very fun and very entertaining.
Starting point is 00:37:56 And sometimes they would just hang up. Sometimes they would give us warnings and be like, you know, we're going to ban your IP address. But boy, was that fun. Interesting. That was the early 2000s, man. That was when you had to find ways to entertain yourself. Yeah, or to get some kind of glimpse of what it would be like to sexually interact with someone. If you were deaf, or just in general, I imagine you were a young teenager. Yeah. I mean, all teenagers are young. No, but I mean, early teenager. Yeah, it was like 14, 15.
Starting point is 00:38:32 Yeah, boy, was that for? Probably needed an outlet for all that pent-up energy. Hmm. Speaking of outlets. I guess it's time for headlines, huh? Welcome to another exciting ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... their dues is news. TN. T.O. did. Very excited. Five o'clock. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Come back to the office, or we'll kill Goofy. No! He's a dog, right? You know, feed him chocolate. Gotta feed him all the chocolate he wants,
Starting point is 00:39:32 because you know a dog wouldn't stop, and Goofy is dumb enough he'd keep eating it, even though it's not good for him. Yeah, no, sure, they got the joke, I think. But not us humans, man. We sense things like bleach or bad for us Twitter this week is further cutting staff overseeing global content moderation in a move that has many concerns that the platform will be Overrun with offensive or hateful speech in imagery, but over here
Starting point is 00:40:00 Nope, we're just glad we can finally tweet out this video without worrying about it getting taken down ladies and gentlemen for the first time ever We have an exclusive deleted scene from the 2018 Marvel film Avengers Infinity War featuring naked Thanos Does feel good to be free baby the does feel good to be free, baby I can't believe this got deleted there goes, well, yeah, I know it's so good Oh, there goes Iron Man and this fucking jet
Starting point is 00:40:40 Oh, there goes Iron Man and this fucking jet Oh, there goes Iron Man and this fucking jet He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground.
Starting point is 00:40:58 He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. He's really covering a lot of ground. the the planes keep getting older and older for the other and across on the side to one of its goal of the red barren wow to try playing holy shit
Starting point is 00:41:17 and is the red barren what the Oh, he's still gay. They can't handle him. He can't handle him. Spanish galleon. Can't even get the nose. Yeah. All right, all right, all right. That's enough. There you go. He runs across the line.
Starting point is 00:41:37 Big, big thanks to Elon Musk for letting us tweet that one out. Oh, man. This week, US banks are getting ready for shrinking profits and recession. Yeah, you know what else is shrinking, Emil? My horny levels after reading this tragic head... Oh, is that right? About profits and recession.
Starting point is 00:41:53 Yes, US banking giants are forecast to report lower fourth quarter profits this week as Lenders stockpile rainy day funds to prepare for an economic slowdown that is battering investment banking. You know what else is taking a battering? What's that? My horny levels ever. Oh shit.
Starting point is 00:42:11 Read about this. Terrible news. Befalling the banks. It's horrible. Man, these profits. My horny levels plummeted much like their profits. The NFL's Houston Texans are buying carbon credits from oil giant accidental petroleum to offset the environmental impact of the team's flights.
Starting point is 00:42:32 You know what, I bet that Houston Texans wish they could buy to offset something to save that fucking pathetic season that they had. Am I right? Boy, because if they, if you know anything about football, they were in the toilet this season. Just absolute shitter. Yeah, I bet that's what the Texans wish they could do. I bet they wish they could buy some credits from the the wins. No, no, the Kansas City chiefs. There you go. Because I bet they wish they could, but they can't. And that's the news, baby. Many scientists around the globe are concerned about falling birth rates. Korea is expected to become an ultra-age society by 2025,
Starting point is 00:43:12 in which 20% of the population is age 65 and over. The country's fertility rate, which has been the lowest in the world for several years, is showing no signs of rebound with the latest figure standing at 0.79. The government will take drastic measures to tackle Korea's demographic crisis of its falling birth rate and rapidly aging society. This news has one white podcaster based in Los Angeles wondering,
Starting point is 00:43:34 just how drastic are we talking? Man, that was a mouthful. That was a wordy one. That was a, well, herty good. I wonder which podcaster they talked to in LA? Yeah, surely not this one. I wonder how drastic they're talking though. Hamline University, a small private university in St. Paul, Minnesota, with about 1,800 undergraduates has stirred controversy by firing an adjunct art history professor
Starting point is 00:44:03 after she showed paintings of the prophet Muhammad to students during a lecture. Dr. Erica Lopez Prader said she took many precautions before showing a 14th century painting of the prophet to a global art history class, but still complaints from the student body led to her being fired. Man, it's a rough story for me personally reminds me of the time I got fired for showing a picture of the prophet Muhammad. You uh, I vaguely remember you telling me about that. the time I got fired for showing a picture of the Prophet Muhammad. You uh I vaguely remember you telling me but yeah you got fired for showing you to like seeing the story about yeah cuz you showed the Prophet Muhammad and got fired what was your job? Yeah that was a communications director for the Taliban. Very good. Very good. Very good. Yeah they
Starting point is 00:44:40 don't take kindly to that. No they didn't. You're lucky they didn't kill you. I got out of their life. Yeah. Hey look over there. Oh yeah. No, they didn't you're lucky. They didn't kill you. Oh, I got out of their life Yeah, hey look over there. Yeah, oh my god. I think it's the problem I'm and then the Benny Hill theme play And then the way I'm tell play themes and I was like naked band. I was running my ass all the way home Yeah, all right, you know what so that wraps up that segment of the fucking thing Trillionaire news you just call it the thing. Trillionaire news news news news news. News news.
Starting point is 00:45:08 Okay, so I wanted to get. Hey, skip ahead to the, you know, actually, shut up for a second. Let's, I need to see if I won the mega million. Oh, right, this is the new segment. No, it's not a new segment because the mega millions is up to like $1.2 billion, which is only like fucking, I don't know, 700 million after taxes, which is truly pathetic.
Starting point is 00:45:27 Can we not win the winning numbers please? Come on, okay, 7, nope, 13, nope, 14, nope, 15, nope, 18, nope, maybe I got the mega million number. 9, nope, fuck! That's alright. Fuck shit! It's always next time. Yeah, it's always next time. You know what I mean? You get the ticket and you look at it and you go, these look like winning numbers, but then they're not. Man, we got some market updates coming your way here. Wait, you want to talk about the tech stuff? Well, I just wanted a real fast talk about some market shit.
Starting point is 00:46:03 Can I? Sure. I'm pissed off. You know why why I had fucking call options on Mercado Libre the South American Amazon company. I had the 950 strike call options for next week and I had some profit on it So I took it and then yesterday for us two days ago for you guys There was some news that came out that one of their biggest competitors, Americana or something, had some kind of fraud on their books.
Starting point is 00:46:33 They like cooked their books to the point of, I don't know, however many billions of dollars was like bogus. And so what did that do for their biggest competitor? That's good news because it means that they're probably not taking as much market share from Mercado Libre as they thought. So today I would have been up $12,000. Dan, I wasn't. So that was annoying. And then we had, I think we had this morning, we had CPI come out. 6.5% I think. 6.5% was that in line? Yeah.
Starting point is 00:47:07 Yeah, so it was what forecast called for I think. Yeah, it's still great, right? Yeah, it's dropping down. It's coming down, it's coming down. But I think Jerome Powell is still gonna be like, I don't know, it could be fun to just tank it. Yeah. Well, the real problem is that job is still going up.
Starting point is 00:47:21 And what Jerome Powell wants to see is jobs go down. Yeah, unemployment go up. He do be wanting that. He certainly do. He goes to McDonald's and he's like, when are they going to get the robots in here? No, he's a fire. Get those fried cooks out of here. Replacing with robots. That's how he's in. There was a robot with big crooked man fries. I feel like you're doing a B-52s. There's a robot! There's a robot in this McDonald's cooking my fries. Anyway.
Starting point is 00:47:57 China stocks were fucking rallying over the last few weeks, out, because they're reopening in their ditch in the zero COVID policy. Finally, Xi Jinping, come on, Winnie. But what, I can say it. No, he didn't mean that. The CCP is strong. I mean, we know that they're strong, but you cannot deny that the man looks like Winnie the Pooh.
Starting point is 00:48:22 I don't know what he's even talking about. He looks like Winnie the Pooh, Google it't know what he's even talking about. He looks like Winnie the Pooh, Google it. And yeah, so a bunch of these China stocks have been absolutely ripping. And you know what else was kind of going up from lows that I bought a little bit of for a trade, but I think I might get back into his coin base. Get back into coin base.
Starting point is 00:48:41 Yeah, and you know why? Why? I think I've mentioned it on here before. Who's their competition now? Binance? Yeah. Like that's it. And crypto.com? Yeah, name me.
Starting point is 00:48:52 Oh, person who uses crypto.com. I bet they make the old staple centers employees do it for some reason. Yeah, probably. You got to use crypto.com. You got to, if you want to buy a fucking $25 beer, you got to do it through crypto.com. You gotta, if you wanna buy a fucking $25 beer, you gotta do it through crypto.com. Ugh, ugh, bloomy. So yeah, I'm gonna be scooping up some shares of that, I think, just because I think, I don't know, maybe over the next couple of years.
Starting point is 00:49:16 Because that's what happens, right? Like, look at Dick's sporting goods. Big five goes out of business. Look at Dick's. Where's everybody gonna go? Where's everybody gonna go? Play it again, sports, get the fuck outta here. Sports authority. Get the shut up. Sports basement. Sh. Big. Big. Big five sports. No. Big five went out of business. Sports
Starting point is 00:49:35 Dix. What is sports basement? Sports basement is like, is that an, it's a regional thing. It sounds like. Hmm. I wouldn't call it that. I've never heard of it. All right, I've heard it played again. Sports authority. Okay, you said that one. I think they are around, yes. REI. REI, they don't sell baseball gloves.
Starting point is 00:49:53 They might. They sell outdoorsy shit. Not the big fives out of business. Anywho. All right, let's get into the tech. All right, so there's the story with the Seattle School District. They want to, they want, they're suing big tech. They're suing social media companies.
Starting point is 00:50:14 I think, who do we have here we got? Meta platforms, alphabet, snap ink, TikTok owner, bite dance, claiming they purposely designed their products to hook young people to their platforms and we're creating a mental health crisis. I support it. Not the mental health crisis. I mean, we've been talking about this a lot. There's a, there's a huge push now. And I don't know if you guys saw it, but in the Wall Street Journal.
Starting point is 00:50:38 Yeah, did you check your Wall Street Journal? Check your journal. Check it. It hit your freaking door today. You go out and get it. Yeah, did you get your dog to go get it? You're a little slave. You're a little furry slave. Joe Biden himself wrote an op-ed. There's no way he wrote it. There's no way. He dictated it. There's no way he dictated it. Yeah, you're right.
Starting point is 00:50:55 I don't even think he knows it. Was it coherent? It's pretty good. Yeah. It's pretty good. Like I'll give you a little bit of it. So he's also calling for, it says, Republicans and Democrats unite against big tech abuses. The American tech industry is the most innovative in the world. I'm proud of what it has accomplished and of the many talented committed people who work in this industry every day. But like many Americans, I'm concerned about how some in the industry collect, share, and exploit our most personal data, deepen extremism and polarization in
Starting point is 00:51:26 our country, tilt our economies playing field, violate the civil rights of women and minorities, and even put our children at risk. The risks big tech poses for ordinary Americans are clear. Big tech companies, whatever he goes on to, but he calls for three big things. The first, we need serious federal protections protections for America's privacy. You know, that means clear limits on how companies can collect, use and share highly personal personal data, your internet history, your personal communications, your location. That's huge. Yeah. That would fuck so many companies. Good. He also goes into a second. We need big tech companies to take responsible for the content they spread and the
Starting point is 00:52:00 algorithms they use. And he takes a meant section 230. That's why I've long said we we must fundamentally reform. Wait section 230. Section 230 of the communications decency act which protects tech companies from legal responsibility for content posted on their sites. Okay. You know section 230 right? No.
Starting point is 00:52:19 It's basically because early in the internet there was, you know, people were making these platforms where you could post stuff but then you would be listed as a publisher. If you created the platform and you were allowing speech to come onto your platform, you could be listed as a publisher, right? And that would be really hard for companies like Facebook, Twitter, whatever, they were liable for everything that was set
Starting point is 00:52:38 on their platform, right? So Section 230 made it, gave them some protection against that. So he's calling for reforms against that, asking for tech companies to take more responsibility against what that would be quite an undertaking. I mean, none of this use chat DPC just type in a prompt, get people to stop shit posting. And then the last thing he's saying is third, we need, we need to bring more competition back to the, to the tech sector. My administration has made strong progress in promoting competent competition through the, throughout the economy,
Starting point is 00:53:06 consistent with my July 2021 executive order, but there is more we can do. When tech platforms get big enough, many find ways to promote their own products while excluding or disadvantaging competitors. Little late to the game there, aren't you Joe Byron? I'm pretty sure that so much tech consolidation has happened that it's like, what are you gonna put the toothpaste back in the tube?
Starting point is 00:53:26 I will say though, it is, it feels very odd just in the past few weeks, how many regulators are talking like this. Because maybe they're scared. I also think it's TikTok. Yeah, TikTok's a big one. And also, I mean, it's like the, how long do it take everybody to get wise to cigarette, sweet, sweet cigarettes? A long, broken time. Yeah, I mean, hey. But I think the TikTok thing, I mean, and's like the, how long are you gonna take everybody to get wise to cigarette, sweet, sweet cigarette? A long, broken time.
Starting point is 00:53:45 Yeah, I mean, hey. But I think the TikTok thing, I mean, and to be clear, those things we've been talking about with the, because it's not just Congress, there are small, you know, city governments are doing the same thing where they're banning their city employees from using their phones for TikTok and that kind of thing. Yeah. But it's all, it's not banning anyone from going on TikTok. It's just saying, hey, don't use TikTok on your work phone. On your government device.
Starting point is 00:54:11 Right. Yeah. It feels like we are. So it's all pretty symbolic. Yeah. Our government is probably way more frighteningly vulnerable on the tech level than we are, than we realize. What do you mean? A corrupt file? Okay, everyone's got a corrupt file. Okay. Who wasn't
Starting point is 00:54:30 had their whole airline infrastructure go down over a corrupt file? Yeah. You're gonna have come on. That's true. That's reassuring. And I'm sure that things like, you know, the, what was it? The, the regional, what the fuck is this thing on? Is this earwax? Gross. I had some shmacks on it. No, I heard I was right here, I saw it. Yeah. What, those regional power stations that got taken down?
Starting point is 00:54:55 There were like people. That's from people shooting them. Yeah, but it was like freaky, because it was like test runs. They were well thought out and planned and executed, and they never figured out who they were, these people did that shit. It's happened a lot. Yeah, that's terrifying. And we have no, yeah, there's nobody who's dealing with that.
Starting point is 00:55:14 But I don't know if that makes us more vulnerable than I think that just means we have a population that for some reason wants to go out and shoot our... We are very vulnerable. But some of the worries it seems like aren't completely unfounded. There are stories now that and TikTok has copped to it that some of their employees were spying on journalists. Oh, yeah, some of TikTok's employees were spying journalists. And they've said, they've said, oh, all that's over. We've got rid of those people.
Starting point is 00:55:41 Just a few bad apples. Yeah. I wonder if it's like the Catholic church where they just moved them to a different department. Yeah, they got fired from their job. And promoted to a different job. Probably, I mean, it seemed very, one of the guys was very high up and it's like, oh man, he's just gonna get reshuffled to this. What was he, what journalist was he stalking a lot?
Starting point is 00:55:59 So Forbes posted a thing because there's where, but it wasn't just Forbes, it was, I think catch him how they figured that out Well, that was the thing I think someone was leaking to journalists and I think that's what started The spying because they were trying to root root out who was the leak Yeah, and it is funny when they talk about this is sexy. I never really sexy. They never let you forget every time They say bite dance or tiktok. They say China based Yeah, cuz I want you to be scared. They want you to yeah, they want you to be scared of China China. It's very funny
Starting point is 00:56:36 Hmm, not me. I'll never be scared of China You hear me? never I'm like You hear me? Never. And... Like, after Buzzfeed News published a story of feeling that China-based bite dance, and it's like, yeah, you guys have said we know. Yeah, China-based.
Starting point is 00:56:52 This is so deep in the fucking world. I think we all know by now who owns bite dance. But also, that's another thing. This is not that new to tech companies. They have in the story, you know, both Uber and Facebook also reportedly track the location of journalists reporting on their apps, a 2015 investigation by the electronic privacy information center found
Starting point is 00:57:11 that Uber had monitored the location of journalists covering the company. category B. Well, that about does it for this episode of the show of the Trilinear mindset show. If you've made it this far, you got a fucking problem. You're an absolute sicko. Yeah, you're a sicko. And if you watch this on super sick, yeah, super sick, like really actually will physically
Starting point is 00:57:36 sick? No, like fucking mentally, like you're crazy. Yeah. And you want more. You're gonna get it, bitch. You're gonna be subscribed. Yeah, because after hours, we're gonna get it, bitch. Tell me. Subscribe. Yeah, because after hours, we're gonna talk about,
Starting point is 00:57:46 oh, what is this? Does this guy with eating pizza? What? Emiles book club, that's the big one. People are going, people are going dummy over you reading books and they want to know what you recommend. So Emiles is gonna give them some books. The catch?
Starting point is 00:58:01 I've never read a book in my life. Yeah, he gets them read to him. Like Joe Biden does. I just carry him around and I turn the pages every so often. Yeah, LeBron James is out. That feels about a, that feels about a page. You remember when LeBron was like, yeah, I'm reading a book and it showed him like reading it
Starting point is 00:58:16 and it was on like page one. And then months later he was reading the same book and it was on like page one. Hey, sometimes it takes, you want the material stick. Yeah, I guess. Patons wear the most important stuff. That's true. It's where it starts with, in the beginning.
Starting point is 00:58:31 Exactly. That's the Bible. It's the only book you need. It did start with it in the beginning. I've never read the Bible. Wow. So, but you can comment on it. That's interesting.
Starting point is 00:58:42 Do I comment on the book? I have all the time. I don't give a shit what goes on in that book. Yeah. Actually, you should. I do want to read it. My friend started dating a Christian woman and he was like,
Starting point is 00:58:54 God, I get on this Bible stick. You did, he's like, he was like the Bible's actually sick. Okay. Okay, well, we love you very much. Kill your parents, quit your job, shit those pants. See you in after hours.
Starting point is 00:59:08 This week on After Hours. Aw, aw, aw, aw. You know what I gave six stars to? These two studs right here. If you've made it this far, what the fuck? Holy fuck. Holy shit. For the audio listener, Ben is hard.
Starting point is 00:59:24 Sign up on TMGStudios.tv to watch the full bonus episode. Ha ha ha ha ha ha!

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.