Polymarket Deceptive Marketing Fail

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CorRWave powers AI pioneers around the world with purpose built tech, building what's never been built before. CoreWave is the essential cloud for AI, ready for anything, ready for AI To learn more about how Corewave powers the world's best AI, go to corewave. com slash ready for anything When I scraped my car in that parking garage, I was worried that it could be a long process to take care of it Like a landscaper's first day trimming a hedge made. I have definitely already been here Now is it left, right or right, left mayaybe I'll cut a path out and find my way back later But it wasn't like that. I filed a claim in under two minutes on the GeICo app and they handled it from there. It was taken care of almost as quickly as it happened. It feels good to get help, quick. It feels good to GeIo. Turn on your cameras are the producers laughing? That's my limbus test. Or do they have their head in their hands Hi everyone, this is Pipppid from New York Magazine and the Vox Media podcast network I' Kara S Wisher. Bonois c B How are you that's our entire French. That's it. We're done. That's it.oujot My momoujot. Yeah. The French, I think are in For some reason, I feel like where are they I think they were in New York doing gettingetting up to all kind of business because of the World Cup Well, we're here. Oh, the French team standing I to say The French team is in the United States, I believe, where they were doing all kinds of French things and we're here doing all kinds of American, things. You are far away from me that we're in the same air general area right now. I just got here to con I'm on this wonderful island called Hotel Du Cap. You know, we've been avoiding it. I mean, we can' wait to see you. We can't. You're not gonna to see the kids. They're here though. They're out and about with the creps right now outside in the beach and Cn and everything. So we just got here by train. I have to tell you, the weather here is lovely in Paris, it was so hot. like this sweltering heat dome across Europe is not a little thing. It's crazy It's like so hot, I've never experienced anything like it. I have to say No, Parison summer isn't a city. It's a convection oven with better architecture. I mean, it just it starts to heat up And it's, I mean, it's really it's it's there's something about I don't know London when it's hot, when it's When it's seventy eight And In LA, you think, Oh, it's so pleasant like Breece. When it's seventy eight in London, it feels like you're in Africa and you could die Oh For S some reason heat in Europe takes on at different dimensions. I don't know if that's because they don't have air conditioning or what No no air conditioning in the apartment we rented. That was nice. That was a lovely little extra part of it. It was a beautiful apartment, but then it was so hot, was like it was like an oven. Anyway, now we're here at the beach We took fifty four euro burgers oyys asking me, what type of bllogger would you like, Mr. Galloway? I know. That's expensive where you are. We're staying at a beautiful apartment, booxop for us, which is nice. And we have lots of do.'m good. I'm sorry Vox pays for you but not for me. What's going on here? because you have to stay in the fanciest places. Would you like to stay in this apartment with me? There's an extra bedroom Well, I would havek to have been offered. No I'm going to send it Where's Bangkok? I'm sending it to the Murdo guy. I'm sending hotel build to the Murdoch. Okay. All right. You stay at the fanciest places I do not. I was going we have a lot to do. We have a live pivot here. I've got a live on. Are you doing prof G here or not? I just arred youaur not doing live prop G though, but they're not in the market thinginger they like pivot and we're doing it the Adwek House, which I think is brothel somewhere outside of Tououse. Good, excellent In the ten years I have been here. Yeah, it's literally like the second invasion of Normandy. The Americans, it used to be the ad agencies, Martin Serrell Maurice Lavy and John Wren, no one gives a shit about the adtingence. No, it's creators. Have you noticed creators? The creator economy. The creator economy. Theres YouTube has a thing Everyone has the creator economy thing and there's a lot of creators here. Most of whom I don't know But we are considered a creator in case you're interested They only come round to us, I guess. final. So just some data, aboutout five hundred YouTube creators are expected at Canada from four hundred last year with new UTA and Adobe Crater beaches, so they're taking over the beach. Kan added a creative brand lion at the for the AI craft category for twenty twenty six signignaling creators is a core strategy And they're attracting an unprecedented amount of ad spend. Creator revenues are set to exceed twenty one billion this year, more than doubling from twenty twenty two Interesting, smaller influencers are attracting advertisers. Nano and micro influencers take forty nine percent of US creator spend More than double their share. There a nano microone. Is it a tiny person What doest? No, I mean long tail. It used to be, so podcastings' all about the top one hundred the longtail and creator economy is actually doing really well. They get about half the spend, which is unlike other mediums where it all goes to the biggest players Brand creator S span jump twenty three percent last year while traditional TV ad budgets fell eight percent. So the crreator economy is really booming. Yeah, we will discuss that at the ad Week House and they under then they will throw money at us. That's our hope, correct. Yeah But if you look at I mean, podcasting, from it went from kind of these dramas like serials and interesting You know, scripted podcasting, then I went to the interview, the Rogans of the world Then it's kind of gone to, I think more like the comommentators or analysts. and I think the next place is proprietary datasets and interpreting them Hello. Actually, I'm parroting this intelligent woman's comment on a reel. I gotta find out who she is in creditor. All right, okay. All right. Well, you know, we our next act is gonna to be unnatural acts. That's what I think we should do. I think we should do only f. I'm g. You have' made an unnatural acts. don't. I don't know what you're talking about but I mean. But we've got a lot to get to today. There's so much going on, including Greenwatergate. G it? Greenwatergate. I told you this thing would blow up President Trump says it will be he said it will be fixing the seriously vandalized reflecting vandalized by him. Trump is claiming without evidence, he's lying that vandals cut a two hundred and fifty foot gas in the pool's new lining and poured corrosive and destructive chemicals into the water. This is nonsense. There's cameras everywhere in Washington, just so you know, he said multiple people have been arrested tied to the alleged destruction. This is just nonsense. One of them was a former Olympian who was accused by the Park police of destroying government property. He says you reached down to touch a strip of peeling paint. I was down there, Scott, it was peeling. Nobody was touching it. Everyone was sort of shocked and amazed by how grotesque it was because, you know, you go down there I've gone down there quite a bit and I've never really noticed The skyminess of it, and it really is it's green, all this paint's peeling off. So he's lying, and Trump, of course, should be accused of vandalizing a lot of Washington, whether it was the East Wing or the grass in front of the White House for his party. You know, it's just ridiculous, But it's taking on a life of its own. it really is in terms of a metaphorical thing or maybe you don't think that No, mean the president is caught between two straits of water. It Okay I personally I think this iss kind of a non story. America's turning two hundred and fifty and we've managed to turn a reflecting pull into a culture war. just For God' sake, just fix it and let's move on. I don't I kind of you know, they're lying and saying that it's sabotage and vanalism. It isn't, it's incompetence. It's a government project turning into another government project And the Democrats love to talk about I think we have bigger fish to fry,. I would agree, but I don't think it's a bad I think people get it in a second because again, as I told you, it's a symbol. and it's also the guy who did it is another piece of grif. And it looks incompetent. It looks incompetent. And one of the jokes online was that Washington is now a scar after he took over on the Lion King But there is more to that because then you link it, I think, with Iran too, which continues to be like a problem. L here's they j back and forth. And that is the real problem. It is, but it's symbolic of just complete idiocy. like really stupid. We'll get to some other stupid things coming up. talk a little about know I noticed you were talking about a lot online the MOU, which seems the Iranians seem to have us by the short hairs. That's what feels like to me I don't know, about you. But they're not doing anything. They're just dragging us on, I guess and being re to take de Mance, which I completely think they Trump. has delivered on his promise of unconditional surrender. The problem is we're the ones. unconditionally surrendering It is insane. Anyone who can do math, anyone who understands a memo of understanding, anyone who can look at their activities In my mind, it is just so incredibly clear and tragic what is going on. The IRGC recognizes He's left Midterms are coming up It is a very unpopular war. He got no support from the public, from Congress, from other nations. He underestimated the resilience of the missile systems He has handed them something more powerful than a nuclear weapon, and that is an ability to choke the carotid artery of the global economy in the Strait of Hormmuz They know we are out And they all they have to do is operate in between is delay an obfuscation It's just delay. Every day that goes back, it's less likely we're going to go back in with military action. So They just have to operate. can't They have to operate between humor them, agree to meet in Switzerland, don't get a deal done. They have the perfect False flag. Oh Israel's bombed Lebanon. you're not le you're not living up to your part of the agreement. We're out They have no intention of giving anything back. And the only thing that's going to come out of this besides Trump's incompetence and Jie Vances, you know, having about as long a presidential run as Senator Gillibrand is that we are going to look back on this and recognize that one of the greatest acts of diplomacy was the JCPOA. Right, which is man And Obama' saying so, he's doing a lot of press right now around it, by the way, the comparative. We had Russia and China sign they were co signatures of the agreement. We can't get Israel to sign this agreement, much less European nations We had limits at three point seven enrichment. They're already at sixty. There's no money There's no constraints around nuclear enrichment in the agreement We He keeps saying all these bullshit threats. So will we'll open the Strait of Hormono get you' get you know. The Strait of Hormonz would take to keep it open would take to carry strike forces, paratroopers and Marines on the ground on Iranian soil. That is not going to happen The net net here is the following America comes out of this much weaker, Iran much stronger, and we're going to look back and realize that the JCPOA was one of the more impressive acts of diplomacy of the last fifty years. Y. Except they continue to deny it. It's really like it's the same thing with the reflecting pool. the reason why I'm harping on it, it's the same thing. It's the same kind of like, no, this is what's happening. You know, you've seen all these communications from the White House. and we look it looks so ridiculous when it's the reflecting pool, but it's the same exact communications U you know, they're blaming the New York Times, They're blaming, you know, for the coverage.'re he's blaming Obama. He's blaming everybody. and it's the same thing. Oh, it's Vandals, it's this, it's that. It's him. He's just a disaster. And again, I point to Finally, someone is starting to write about it. mental state, which seems demented. and we'll get into that a little bit more. But the way he's sort of lashing out in this crazy way when it's all his fault, seems And of course, blaming poor JD Vans. I mean, I never feel that sorry for that guy, but I gotta say he's been dragged.'s been He's been penced. I don't know what else to say. He's sort of stuck holding the bag here and having to defend it. And it's worse than when Kamaleras even lightly said I wouldn't change a thing on the view, right? It's sort of the same exact thing. So I mean, it's disastrous for the Republicans in so many ways because he doesn't have it out. So my worry because I think he lashes out, likereing Janine Piro arresting people for this thing? This is like, let me tell you, Jeanie, I was down there. I didn't touch the strip of paint, but it was stripping off by all by itself It's going to be a disaster. These people are soiling themselves in the most ridiculous it ways and in Iran it's stay. and with a reflecting pool it's just stupid costly to us as taxpayers, the same thing with the rest of the mess he's making But in this case, it's disastrouters. I mean, really, truly I don't know what how anyone's going to get us out of this because we got two more years of this lunatic Hesitatory I don't even know what what could happen He gets sidelined? What? I don't know. like he's not going anywhere, even if he loses power. Yeah, but I think if the if Democrats take Congress have the power of subpoena and hopefully if they were to get back Senate at a minimum, There'd enough power to get in the way of a lot of this stuff. Ecept Iran will then develop a nuclear weapon. I feel like he right now Iran. You know what I mean? Like that's where the worry, That's the only thing we all agree on. Iran cannot have a nuclear weapon, but wow, we've given him a chance here. This is and then the economy itself. anyyway. let's go on a quick break. We come back, resignations, feuds, and more, and we'll get into all the European political drama Pore for the show comes from Framer. If your team wants a website that looks and feels handcrafted but is still fast to ship, Framer is built for that. 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Kir Starmer just announced he's stepping down as Britain's prrime minister giving into mounting pressure from his own party. Starmer said he'll stay in office until the new party leader is selected. and likely to be this guy named Andy Burnham, former mayor of Greater Manchester, a very popular guy. Trump got ahead of the announcement over the weekend, noting Starmer would step down and saying he had failed badly on immigration and energy policy A lot of attacks from Elon Musk, by the way. Starmer's resignation comes almost ten years to today since the Brexit vote. The UK has had six prime ministers in that time Talk a little bit about you live there. What has happened here? Obviously, he was going to lose an election and he had won in a landslide in a very short time ago. I think a lot of it comes down to economics and that is I mean, it's very strange Abitha, Mykinos, and St. Barretss andY are parts of those nations, but they're not. They're islands that have an entirely different culture. I feel that way about London. I think islands I think London's essentially an island in the UK. because if you look at the UK Seven out of ten IPOs in the last ten years are below the offering price. GDP was supposed to take a fourcent to six percent hit from Brexit, that second greatest own goal in geopolitical history behind our entry into Iraq You have now the UK as a whole has a lower average household income than Mississippi. And then there's London, which is essentially where the richest people in the world park capital and have a European lifestyle without actually engaging in the UK economy. I mean, it's just It's a very strange place. Since I have moved there after we have a new UK, a new prime minister in several weeks. I've been there for years. This will be my fifth prrime minister. Fifth, right? You had Conservives. There was a bunch of There was a consonservative guy. there was It's not politics, it's speed dating. It's beginning to feel like a LinkedIn jobs page. It's just so you know,, but without growth until they figure out a way I thought they should do backsit. They should reintegrate into the European economy because without growth All of this gets harder and harder. and the weird the quagmire here or not the quagmire, the enigma is that The UK has all the underpinnings of a great democracy and economic growth engine. It has incredible universities, rule of law, culture compounds, everybody in the world wants to or wouldn't mind the idea of living in the hally. It's delightful when you're there a wonderful place And yet they open AI Anthropic and SpaceX they are going to raise one hundred fifty billionars in fresh capital. The UK raised a total of two billion last year in its entire IPO market. just can't get out of their own way in Brexit and just to go to politics Since World War I, no individual has done more harm to Britain in my view than Nigel Farraage, who might be who might be a prime minister at some point. So I have stayed woefully ignorant to UK politics, but It is difficult for me to understand how the foundation of success how they continue to snatch defeat from the jaws of victory here And I got to think it's something, it's got to be a big bold move. even Even the non DOM thing, we kicked out, basically they chased a lot of billionaires out of the UK. And I understand the sentiment. let's tickle the middle class sensors of people who are angry, but at the same time, the treasury's gone down because a lot of wealthy people are leaving And that reduces your tax base to provide for the NHS and these social services. But this is, I mean, UK politics And then what do you have, you have the rise of populism. They have had real problems To a certain extent, it's a metaphor for the West. You have or when the West goes wrong, stagnant wages, housing shortages, immigration anxiety, and institutional distrust. You also have a lot of meddling by Elon Musk in terms of backing a bunch of very violent people against him. The American export is political divisiveness. Right Yeah. It's not Elon himself that's meddling quite a bit. Yeah, But then JD Vance comes over and lectures them about free speech. It's we shouldn't you know in my view, Americans should be here saying you're our greatest ally. How can we help? What can we do together? How do we open more free trade agreements inststead Instead, Musk shows up and says rise up white people or I mean, essentially, and JD Vance comes over and waves his finger at him around free speech. It's just And now they've got to figure out a way to basically Untangle The technology their Britain's nuclear arsenal runs on American technology. And of a sudden Europe is waking up and going, what the fuck we have become Conservatives, The consonservatives aren't popular either. Farrage kind of is. It's like nobody's popular. It's a very angry nation. But when you don't have growth, people's prosperity goes down and they just get angrier and angrier So again, not to talk too much about money, but they have got to figure out a way to get growth going again. When your growth grows, you have more money, you have more flexibility, you have more power abroad, you have more You can't have a powerful nation that's shrinking its GDP. And again, I was in Cann when Brexit happened and the pound crashed It's cost them eight percent of their GDP, which is like taking hundreds of billions of pounds into the street and just lighting it on fire. Yeah, they may return to the I mean, it's interesting because Europe is getting more and more unified. spepeaking of which, Trump's latest feud is one of his pals, basically his European Marjorie Taylor Greene, Italian Prime Minister, Georgia Maloney. And this batch started after Trump, this is so strange again I'm sorry, this guy's lost his mind. after Trump claimed M Maloney begged him for a Mali was callan, begged him for a photo of last week's G seven summit in France. Maloney responded with a video on Instagram, which was quite remarkable, calling Trump's claims totally fabricated and saying, Italy and I never beg. She also accused Trump of being more comoding to the enemies of the West than his own allies. Trump then doubled down saying Maloney is doing poorly in Italy with her level popularity, which she fired back. My popularity is none of your concern. I suggest you focus on yours, pointing to his increasingly lowering popularity boy, this woman, even though let me just let's be clear, she's anti gay marriage, she's anti transnd, she's anti immigrant. She's not she's Marjorie Taylor Green, essentially. This is the European version of her. And at the same time I was like, go Georgia. like it was kind of interesting that he continues again The sign of someone who is having some cognitive problems it seemed like to me. this is usually h like this. He's always an asshole, but not this much of an asshole. And she just took it to him, which I found really interesting. I mean, obviously it helps her in Italy because he's not popular there and he's not popular anywhere in Europe now. And they were tight as ticks, if you recall, you know This is again Greatness is in the agency of others In European countries have been our strongest allies. We share same values, same democracies, We've worked together, we've had Incredible The post World War I world was largely shaped by America and European values And Trump decides Again He's figured out a way to manage to feud andenate feud with and alienate allies while simultaneously praising adversaries And we've spent eighty years developing these alliances and Trump treats them like some sort of fantasy football league. Maloney to her credit, she remains, her popularity is actually greater than most Western leaders picking and then he decides to pick a fight with one of the few European leaders who actually likes him. She went at him on the Pope too. She doesn't much like his comments on the Pope either Yeah, well, I mean, come on. crriticizing the pope is like if someone not in Italy in Italy. you just don't do You don't do that. None of this makes any sense, Cara. Does make senseense. I believe her. belieelve the woman.. I totally believe her. I believe her. such a creep littleittle pieces of his brains are coming off like the paint on the Lincoln Memorial reflecting pool. But this is interesting because she's a really ' she's really, if you actually look at a lot of her policies, they're pretty heinous in terms of how she behaves, She's sort of shifted. I mean, she used Trump to sort of get there and now she's cutting him loose, like like more than others actually. The others haven't been quite as Gull up handam Starmer certainly hasn't, right? or any of them have. I don't know the Germans haven't. she's really taken it to the wall Anyway, I don't know. Yeah, I think I think most of have decided wait him out. It's a smart move for Melenia because she comes across as a leader and not afraid. and, you know I he's not good for her It's not good for her. We look terrible. once again By the way, it's really interesting to be in Europe because a lot of people are saying, you don't like Trump, do you to me? I'm like, no. Really? No, Yeahah. a lot of the Europeans sort of test it when we were in Paris several different times, like,, you're not a fan of Trump. I'm like hardly. like hello, lesbian family. like no. And so they asked several Europeans, whether there's a tour guy Eiffel Tower or whatever sort of like hking to see if we liked him, which obviously we look like an ad for not liking Trump. And anyway, let's go on a quick break and we come back new details about how Mark Zuckerberg and Jeff Bezos tried to cozy up to Trump. This is an interesting story. Support for Pivot comes from the Freedom From Religion Foundation. Quick Reminder, America started a rebellion. Yeah, We fired a king claiming divine authority. And then wrote a constitution with no mention of God. whichich is a big deal. The whole separation of church and state thing, as you know. And those lines are blurring. You see it in things like America Praise event on may seventeenth where the government starts uniting with religion which Tpically or historically doesn't end well for freedom. And the Freedom from releligion Foundation is worked to protect that line. So help us protect the First Amendment. Go to fFrF dot us slash pivot or text pivot to five eleven five eleven to learn more and join. Remember to text pivot to five eleven five eleven Because the First Amendment protects all of us and it protects you tax rates may apply Support for the show comes from HIMS. Anyone who's ever tried to lose weight can tell you how hard it is because it's not just about getting it off, it's about keeping it off for the long haul. Thankfully, there's weight loss by HIMS. It's designed to support you in your journey to lose weight and keep it off. 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To get started and learn more, including important safety information, Wigovi clinical study information and restrictions, visit HIMS. com Core for the show comes from Teleport Here's a finding that should stop every tech leader cold. Organizations most confident in their AI deployments have more than twice the security incident rate of those that aren't. seventy two percent versus thirty three percent. That's from Teleport's twenty twenty six infrastructure identity sururvey of more than two hundred infrastructure security leaders. But data breach isn't just a costly endeavor It can damage trust. The most frequent causes of data breaches are human error and compromised credentials. But in the AI era, agents that are granted broad privileges dramatically increase risk. 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The president told guests stories about Zuckerberg and Bezos kissing his ass, which they were, saying, you not believe the texts I got from these tech guys, I got to show you Among them, Zuckerberg sent Trump a photo of a letter written by one of his young children, which said they were looking forward to a golden age of America. A Trump rally slogan. Bezos meanwhile reportedly told Trump that the Washington Post was one of his worst investments. and the people there are really terrible. Oh my I mean, honestly, and then of course, he was showing it to Elon too. they all made fun of them. You know, anyyway, it was kind of, I mean,, by the way, on the other side, they insulted him behind his back too, but What is that What has happened to here from your perspective when you were reading sort of this stuff? I'm not surprised by one bit of it whatsoever. But I don't know if they'll get their reputations back. We always thought Trump was a jerk, but This is really kind of I'm Squest. Yeah, but it represents a flip that is that is sort of represents something in my view, kind of dark. and that is Politicians used to kiss the ass of billionaires because billionaires had money and politicians wanted to get elected And it became kind of a pay for play thing because of Citensens United. But when you think about this, Bezos and Zuckerberg are worth hundreds of billions of dollars And yet they both still feel compelled to kiss the ass of an eighty year old real estate developer Capital L is chasees power But Silicon Valley spent twenty years telling us government didn't matter, and then everyone started flying to Washington And What this signals around the dark part is the following If you're worth a quarter of a trillion dollars and still kissing the ass, of the president You're not, this is moveved from buying influence to renting protection. This is a transition for pay for play democracy to something even worse and that is a mob protection racket. Yeah where if I want if I want to hold on to my wealth I got to start paying for protection Because anybody that doesn't sign up gets in his crosshairs and potentially All of these guys, Jamie Diamond is the only one I can tell of these like this power crew that hasn't kissed his ass and is actually willing to occasionally say the obvious And now the government is suing JP Morgan. Right. So it doesn't matter how powerful you are, you got to pay the mob. This is What do you have? you want a democracy where money can't buy influenceer can't buy too much. then you move to a democracy, a quote unquote democracy or a kleptocracy where money buys everything. And now we're in my opinion, a protection racket where Bezos and Zuckerberg got to like Gotta kiss the ring here. It's feeling very rusian. Do they goto? Do they gotto I feel like they're more powerful. I don't even understand it. I don't I don't know. I mean, they could wait him out. like They got so much money. they could do so much damage to him. You're gonna if if they I do think if the Democrats Congress and we get about eighteen or twenty four months out I think you're all of a sudden going to see As I say, these guys are going to grow testicles again. I think you're going to see a switch because I know they all tell you they can't stand them M But the smart play, I hate to say it, the smart play is just to kiss his ass. I guess, but it's so g you don't have to do it in a grent with your kids. Oh my Godd, like my child wrote this to. Do you know how much of a loser you look like that you're pimping out your kids And then Bos just sell the fuckking Washington post if it's one of your worst investments and people are j. I don't get that. talk We've talked that. I still don't understand why owns that. You know, it's not just me who was interested. There was a dozen people. wouldouldn't engage with any of them. I've talked to every one of them Wouldn't engage, notot one What what does he do? What is he like I don't know what's happening. If he doesn't like it, this is his worst investments and people are terrible. And by the way, Jeff, they hate you. Why not just get rid of it? It's so weird I don't get that one. I don't. Becauseuse it doesn't give him power, byy the way, it did an amazing story on Telssey Gabbber this week. L it's done several amazing stories around the corruption and everything else. I mean, the news parts, the editorial section is such weak sa us now. It's really hard to read. But I agree. I don't understand it. I think I don't know when they're sucking up to the normal president, are we going to forgive them or do we care? No, they've sort of soil themselves pretty significantly I I don't know, but but it feels It feels very Russian in the sense that it doesn't matter how rich you are You got us him put in his vig and no matter where you are, you might if you really piss him off, he's going to put a neurotoxin on a doorknob. Yeah, but I mean this guy wasn't gonna do that. That's the thing. It's not like in there, I kind of see it because he like, That's kind of going out a window kind of thing. This is just something else. Yeah, but I think I think these guys in a capitalist society begin to equate success and ego and influence just with a number and that is your net worth And I think they're very smart and they connect all the dots and see the matrix around how to increase their net worth And they they've connected the dots here and say just kiss his ass. It's it's a really high ROI activity. They're so gross. They're just gross stamping at kids It's just gross. Sorry, it's just gross, It's gross. In other Amazon news, this is interesting. Amazon's movie stududios dumping an upcoming film about Sam Altman saying the project would be better served in another studio The decision comes as Amazon plans to invest fifty billion dollars in Op AI this year. The moie probably stunn the filmmakers, veryery good filmmakers, by the way. Andrew Garfield was in it. I am in the script. I don't come off very well. I look like I'm too nice to Sam, but I don't care. Since Amazon had already spent about forty million dollars on the movie, tested it for markets, it was working towards a release date U they I don't know, and they can't this is not getting picked up. Netflix passed, apparently, a couple of different places passed And it's you know it's a high level film. I read the script. And I didn't like it. I thought it was fictional in a lot of ways. They sort of painted Jeffreyon as a party guy, which' not in my experience and they made that one guy who rebelled against Sam into a hero, and I don't think he was either. I thought it was kind of broad and didn't I thought it was not a good script But there's of course, the other one's coming out about Mark Zuckerberg, the sequel, the social reccking, which we previously talked about about Francis Hauen and that whole situation. That's coming out. That's that is coming out with a guy from the Bear. But would you feel I don't know, I don't know I'm not surprised they got rid of it if they just invested in open AI, but it seems kind of dumb spending all that money., It's not much, forty million, who cares? I'm not a conspiracy theorist, but We were well into the development and even production writers's room of yours ourur series on Netflix about Big tech. that got the plug pulled. Oh. This has gotten the plug pulled. Yeah I think they've just decided that they don't want to be villains Yeah, and they don't it's not worth the risk. You piss off either powerful people, you piss off the president All these M andA all these regulatory concerns, and quite frankly, the American public seems to have soured on AI Or it could just be the following The story of Sam Alman is not interesting And it seemed more interesting twelve months ago than it is now. So I think they'd, you know, think, well, let's just do season four of Euphoria. I don't I think they've done the math here and decided that stories about big tag Gay hockey people seems popular. Yeah. Let's do let's do the women's hockey team this year. incredibly w. Toy Story five is like killing it. a huge opening. By the way to your credit I meant to tell you, you've been talking about theaters and I've been shit posting them. The best performing media stocks the last twelve months hasn't been Ma or it hasn't been it's been theaters. A Theaters surveed. Went to the theater He did. He loved it. He's going again to watch IL is is a trend again. But anyways that the the back to Qote artificial, the name of this that they've killed I think they just do the math and go Okay the story is not interesting. It's going to piss off potentially a lot of powerful people Is this worth it? And Look, I saw this happen up close and personal. Tust tell us more about this plug polling for you. Tell exxplain to the people what your show was. so people understand. So I connected with Res Media who did the Morning showhow, incredibly talented guy And then I had we had an amazing show rununner, Scott Burns from the Born Ididentity, incredibly talented guy. We signed up. Rosman Pike to play the lead character based on You know, loosely based or inspired by Cheryl Sandberg got we we We did our pitch and it got bought in the room, which never happens. andember Netflix committed to the entire first season Wow, finally, oh my God, finally after a swing and a mist and being beamed to the face about ten times I got something going. Everything's going fine, everythingthing's going fine. Netflix doesn't like the scripts. u the showrunner leaves. Rosman has some family issues and just the wheels came off the bus And what probably happened is Ocham's Razor probably just fell apart becausecause Hollywood stuff tends to and they do. Well, not only when you get to this stage. No, I know, I agree with you. I mean we were we were scouting locations. And then so I immediately went to, was there some polit? Because o, meanwhile, Netflix is making a bid for Warner Brosers. And so I'm go, is something else at foot here? And then I talk to And that incredibly impressive woman at Netflix, who runs all her content. Thatly. She was very straight with me. She said problems with the scripts, you know, family issues for the lead, and this happens And I believe that. I believe that's what happened. But then you see this thing get the plug pulled. I think the creative communities basically said America's tired of hearing about Big Pc And there's a ton of There's a ton of second order risk around these stories, right? Right Yeah. Yeah. that be it could be that, what's doing well and what's not doing. It'll be interesting to see how the social reckoning does, right? Although some people say it's a mess of a script with Eron Sora. I haven't seen it U But it's getting a big push that's getting a big push and that's the second part of the Facebook story. It's's it's an accompiment to the social network. by this time Sork and not Fincher is directing, which we'll see how he does But you're right. It's like, do we want to see more about these assholes Right? Like that kind of thing, I guess. I still think the story of Big tech is the biggest story that's never been told. I still think someone's going to produce it. I think I think Bezos and Musk and Cheryl Sandberg And what I wanted and they agreed to in the first season was I actually think Shelle Samberg is one of the more interesting characters in Big Tch. I think she's actually in many ways more interesting than Musk And but when you hear about these people's lives, He just wouldn't believe it unless you knew it was real. I think they're incredibly complex, interesting, strange people K and the stories. Angry. Unhappy. But again, it's it's it really is and no one's told it that well. It's the biggest story. That has yet to be done. People arebs obsessed with succession Newscore is a pimple on the elephant in a big pack. You're right. This story really hasn't been told y. You know what I think it's going to be it's going to be theater and opera. Like that I just have this feeling that there's going to be a theatrical show. in that regard, right? where it's going to be told becausecause I have a couple ones going and I don't think they'll ever get made. I just don't think they will both my book, my memoir, and then another one with Brad Stone and I that we wrote years ago. We wrote the treatment four years ago, and it's moving, but slowly. And it's the question is, do people want to watch Unless you make it really like succession worked because it was like fantastic cast, fantastic script You know, rich people fucking things up morally. I think it might have to wait a step to these people, but they will. They'll be gotten their're amazing characters in a terrible way Speaking of things that are Cashing to the ground. SpaceX hype is crashing. As we tape on Monday, SpaceX shares are down to one hundred and sixty seven dollars down seventeen percent valuing the company at two point two trillion. It's still enormous. The stock is still up twenty four percent from the IPO praise, but down over sixteen percent from its peak A lot of people feel this is going to keep coming down. I don't know, but some people are buying. So will it have the effect on the upcoming IPOs And let's hear a question from a listener about Elon's shares and his impact on the company. and then we can answer all these questions So if he tried to actually sell or borrow against Even a smaller percentage of it tomorrow What happens to the price If he dies or incaacitated tonight, what's the stock really worth the next morning? Zero ar Like oh my God, that would be lookout fucking below. But your thoughts? Well, my understanding is There's a lot of nuance there. My my understanding is he's agreed to a self lock upp of a year. so he hasn't sold he's not selling any shares. he could borrow against it. That's exactly right. and he can borrow way more than he could ever spend against it. Explain how rich people do that, Scott, for people that don't understand B b against your stuff Okay, so the ultimate wealth accumulation and income inequality strategy is the following. If you're fortunate enough to have equity in a company that does really well, it's called the buy Borrow die strategy And that is Jeff Bezos owns one hundred twenty billion dollars in Amazon shares and to fund his lifestyle, he borrows against it at very low interest rates. And then he puts a lot of it in trust. And when he dies, there's a step up in valuation so his kids don't have to pay taxes on it. Or when he actually starts selling, he decides he needs to spend more time with his dad in Florida such that he doesn't have to pay back the cost of the infrastructure of the great state of Washington that built his one hundred twenty billion dollars in fortune And the greatest the greatest distinction between The wealthy the noton wealthy is the following. Are you an earner or are you an owner? And you want to do everything you can, whether it's tax free, investment vehicles gettinget the money out of your hands, automatic investment every month You have to get to be an owner because the thing about owning stock or houses or assets. is they increase in value tax deferred. what do I mean by that? If you make a one hundred thousand dollars a year, you're an asset increasing your wealth by one hundred thousand do, but you lose thirty percent of it in taxes. Whereas if your stocks go up one hundred thousand dollars As long as you don't sell There's no taxable event. Now what should happen is that we need new laws such that when you borrow against your assets, it creates a taxable event on the capital or the asset you're borrowing against Because what effectively has happened is the owners are just pulling away from the earners. It's never sell your stock, let it keep going up and borrow against it for your lifestyle needs. And then you can take additional capital and start investing in other things and diversifying and We're going to have the last twenty, thirty years in America, we've been obsessed with how to create wealth. Over the next ten years, they're going to have a very important conversation around what do you do and what is expected of wealth. But now what's going to happen with his stock? I mean because let's assume he's not going to be incapacitated or dead but he will borrow against it if he needs the money. mean how much money does he actually need wants say fund presidential election, for example He own't he's worth a trillion dollars.ight He can he can go to JP Morgan and say, loan me ten billion dollars. And they're not going to ask him what he's doing with it. And he could literally overwhelm the airwaves and social media with his chosen candidates is the stock going to go down? Okay, let me just be clear. SpaceX trades at a price to sales ratio. Well let's do it the other way. Apple trades at ten and a half times price to sales. Alphabet eleven, Tesla sixteen Nvidia, thirty nine By the way, all these chemies grow faster except for Tesla and SpaceX SpaceX trades at one hundred and thirty one. Meta, an amazing company trades at seven point three Amazon trades at three point seven So Hes on three point seven. three seven. Oh my go. ten is usually the thing, right? ten to fifteen, correct? twelve. Yeah, those are higher margin companies. Amazon's in a low margin business. think I think the only stock in all of these that I would buy right now is Amazon because what you get is You get a distant number two to SpaceX with the core business of their retail platform. if you want to talk about AI, the adjacent AI players to go after industrial robots, of which Amazon is two and a half times the total amount of American. Fedx, you have to be worried to, same thing. If If I could go short, any category right now, it would be a basket of the secondaryI players, and if I could go long any category It would be GLP ons. I don't know if you've seen what's coming out of the American clinical oncology gathering, but they're now saying that metastatic cancers get cut in half the growth rates when people are on GOB on. Also, these foods, as you said, two years ago, you know, the cuts in prices for Doritos and for all that shitty food U is really quite significant. Pe there's now not enough cottage cheese around and yogurt and things like, you know, it's really interesting, like in terms of how people's tastes have shift because one in eight Americans is on this drug at this point. I think it's going to be one in two. I agree, I agree. You're going My prediction is both of us are on GOP one s, some form or micro I'm going to start my cardiologist was like, we're going don't have your stroke ever again. We're going to give you a small amount I'm to do it. I haven't're talking about potential potential delay of dementia and Alzheimer'. they're finding out. No, my cardiologist was like, absute fucking looly, we're doing it for you. They're just finding out all sorts of there's never been an innovation that appears to have second order effects that are this positive. Uually find externalities that are negative. you know, you get you blast someone with chemo enough, they get leukemia twenty years later, right? There's Big tech, all sorts of externalities. The externalities of GLP one Uh, you know, and there there are issues around nausea, muscle loss. Every time they do more research, they keep finding out better and better things. I think it's the biggest test case. It'll be interesting to see what the there are some negative effects and stuff like that, but it's a little like a shat, you. But one of the things is people eating Whole foods and craving things that are protein protein related healthy proteins, which is really interesting. Anyway, we'll see, I would agree with you. You called this one very hard two years ago, at least, if you recall, I remember this. I remember being struck by it. Anyway, SpaceX shares good luck if you buy them. and let's not hope Elon Dies or is incapacitated tonight. Be it is a looku below for that stock. correct. I mean, let's just answer his question. If something happens to him, that price Even though SpaceX is a very fine business, it's not a very fine business. It's just a Telco in the sky essentially without No the meme, the co leader of the meme cannot that would be yeah, that would be Yeah, I gotta believe that would be disastrous for Tesla and for sppace.. He's the one he's the key man. Anyway. onene more quick break. We'll be back for wins and fails Theore for the show comes from Gusto. If you're a small business owner, you know how hard it can be to navigate the economy. You can't control interest rates or tariffs, but you can control how you adapt and run your business. Automating payroll and HR with Gusto is one of the fastest ways to cut friction and focus on what actually moves the needle. Gusto is online payroll and benefit software built for small businesses. 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One more time, gusto d. com slash Support for this show comes from Cohere As AI advances, one thing matters more than ever, staying in control. Most AI comes with strings attached like sharing your data and infrastructure or compromising your independence. With Chere, you don't have to give up control to gain capability. You can have both. Cohere started seven years ago with a bold mission, scale Enerprise intelligence without sacrificing sovereignty With their solution, AI leaves you in charge of your data and infrastructure allowing you to maintain your competitive edge. It's designed for enterprises, governments and organizations that refuse to give up control in pursuit of innovation From frontier models to out of the box tools, Cohere gives you everything you need to build and deploy secure, scalable AI that drives growth and delivers results. 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It was taken care of almost as quickly as it happened. It feels good to get help, CQick. It feels good to GaIo Okay, Scott, let's hear some wins and fails. My win is tourists in the US for the World Cup Yeah, I think international fans are leaving the World Cup raving about America, our food I mean, it's just hilarious, but We love your waffle house. I mean it's just like Boston and this Tartan, the Tartan Army was delightful. What the world is finding out is that America at its core distinctive podcasters like us and Trump. Oh they like us. America Americans are generous, interesting, wonderful people and it's an amazing culture and they're getting to see that. But we get to see just how wonderful These nations are And like I said, I think the World Cup is doing what the UN initially envisioned it would do. I think it's bringing people together. these viral online videos show fans excited about American food O huge portions, Chipotle, Shake Shack and many more visitors to NYC were able to be part of the legendary Kickx parade The World Cup has attracted a projected ten million visitors. Airbnb searches in host cities jumped eighty percent. year on year, visitors are staying about twelve days, attending two matches and spending over four hundred dollars a day on average New York City's tourism chief, Julie Coker likened the boost to hosting as many as eight Super Bowls in six weeks I just think the World Cup. I think FIFA is one of the most corrupt organizations in sport But I think the World Cup is just incredible It's the fans. It's the fans. They were just the fans hateful. But see you see people in Kansas welcoming you know, these people from Noray, you see the Japanese. I just It really is, I think we forget that generally speaking, these cultures are wonderful Generally speaking we're not Trump. Yeah, genererally speaking, people want to get along. Generally We're not that divided. We just have the most profitable companies in the world trying to divide us. And we have a president who's trying to divide us this agreed. L I mean, I think you know what I'm struck by here is you get the feeling and this is just being in France for a short time is they really want to like us. Like you know what I mean? Like I had so many Europeans like testing to see How are you one of those people, Americans? And you're not, and then they're like thrilled To have you there. One I have to say, everyone's been really lovely everywhere we've gone. And I do think there's a backlash happening, Scott. I do. People are like I'm tired of being angry at these fuckers. I'm like, let's just get rid of them. Let's just move along and like and you're right, The World Cup, I know you don't think as much as the Ns, but like it's just there's a feeling. I think you're absolutely right. I would agree with you. And these people want to like us They want to like us in a lot of ways. So there you go my fail and this is indicative of social media is that poolymarket is flooding social media with fake trading videos There's a great, I think the Wall Street Journal is doing a great job. They We did an analysis that found that poolymarket paid dozens of college agge creators to post videos of fake trades and fake wins on the platform So one of the videos, for example shows a young man saying he won one hundred thousand dollars on a bet that Trump would say McDonald's in public, But in reality, all of the countounts that made the bet lost money. And to make these clips, Polymarket built copies of its website and then told creators to make quote trades on those sites and hide that they were being paid by Polymarket So By the way, I feel I should disclose that at Profperty Markets, we have a data partnership with Calsi. do. But we're not doing anyways, but Gambling and gaming for young men is really corrosive and I still can't resolve what to do about it because you don't want tofantalize young people and It's a tough one, but at a minimum, These companies shouldn't be posting fake social media posts that show someone winning when they didn't. It's just it's preying on their worst instincts and it's not it's disingenuous. Yeah, it's just do your business. If people want to use it, you don't have to like And these are great businesses, but poolymarket's audience is seventy percent male And the most common age demographic is twenty five to thirty four. So again, it's young men and a pur out and guess this? Can I use a comparison? You know those two when you were after Robinhood for a while and then the other people that you worked with ubublic public com They seem like the Robinhood people. ly market people, I don't know. Well, they're especially aggressive. and I have problems with all of it. I don't have moral clarity about all of it quite frankly, any of it. The deceptive marketing mostly affects young men and just evidence of who they're targeting A plurality of poolymarketss display ads are on whatbsite? I'll give you a guess Young men, they're trying to reach young men. Twitter. Corn hub Corn, that makes sense So this is And again, I don't know if you can regulate this, they'll say it's free speech. Ebody's making money. But this does feel like deceptive marketing Anway, that's my fail. That's a good fail. That's I agree with you. I think you're I mean, it is. It's just why do you have to trick people? Just't make it They're great businesses. Pe love this study. They love the prediction markets, The data is interesting, they're addictive. They' just stupid. It's just con people. My fail is the way the Republicans are continuing to attack James Talerico over his sexuality which is I think it must be Trump mistook the word cisgeendered for six genders or something. But Stephven Miller is particularly heinous in terms, especially because he's such a loathsome creature It's just it's grotesque. It's really grotesque and weird and I hope it doesn't work. I fear it might But this idea of of accusing someone of being transgender and this story continues And especially Ted Cruz, I mean, honestly, I hate to say he should know better, but I guess he doesn't. But Miller and Cruz and a lot of them are just grotesque. It's just gross. I've never seen anything like this and it's really hateful and cruel. you know, and especially because these particular men are particularly lesome men