April 5 2024
- New CEO Jon Haile
- Strong background in incredible live experiences and events
- Community matters, live content matters
- Content creators are the new form of demand generation instead of ads
- Live experiences are the way to go
- New books: Bad Therapy; Jon Haidt’s new book also
- 1M subscriber party will happen once they hit that milestone
- FTX correction
- Depositors aren’t really being made whole - their crypto dropped in price and they are getting it at the lower price, didn’t get the run up
- Example: Solana was $16 at the time FTX went under - but Solana is now like ~$188
- This is material to SBF sentencing - reporters were buying into the idea that depositors were being made whole - the media is carrying water for SBF clearly
- Clearly the idea is to get SBF’s sentence commuted - his parents are big democratic donors
- The collectors/trustee/etc are liquidating at high price BUT giving back the original depositors the crypto at low price
- This proves that no one is being made whole
- Basically people are getting dollar equivalent, not the crypto equivalent
- The extra money will go to the shareholders
- It was a custodial account of assets or was it a trading account?
- Be careful what you are imbibing from the MSM
- TMTG/DJT
- Prices have dropped 30%
- Trump is suing his co-founders
- Guardian story is linking a loan TMTG got to some Russian entity
- Clint Watts of Hamilton 68 fame which was exposed from the Twitter Files - is now being quoted by NY Times for there being a new Russia election interference scheme - he has got a job now at Microsoft
- Be careful what you are imbibing from the MSM
- Truth social insider trading happened with a couple of folks
- Google reportedly acquiring HubSpot
- Shares up 7%
- HubSpot has done very well - $1B when they went public and now $32B+ - great organic growth
- Friedberg - when he was at Google - they looked at buying CRM companies - Salesforce, Netsuite, etc
- This was the next natural thing for their advertising business
- Same like Shopify - they tried Google Checkout
- This is a natural fit for their advertising business
- Offensive/Defensive M&A?
- Competitors can call regulators
- Is this a sign that they are losing some ad revenue and so trying to grow through acquisition?
- This would be biggest acquisition for them
- What evidence is there that this acquisition is coming?
- FTC will probably oppose it
- This story might just be a rumor
- This could be a data play
- They could also be trying to use their AI tools on HubSpot data
- Potential republican administration will have more traditional anti-trust play and not oppose bigness for the sake of it - no matter what they might think of Big Tech and censorship
- AI job loss fears
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Jon Stewart segment went viral
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Airbnb and Box CEOs think they will get 30-50% more productivity
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3 charts show that new jobs will be created as we get more productivity and technological improvements
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Media doesn’t want to talk about debt or war because that doesn’t reflect well on the current administration
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So this is a head fake - talk about AI and scare people
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Humanoid robots will drive a change
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One reason to make humanoid robots is there’s a lot of human video data to train the robots on
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Will this become mainstream in 5 years?
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There might be more narrow robots instead of general purpose humanoid robots?
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Gecko Robotics - interesting - class of applications that are related - their success indicates that there is far more money to be made in industrial applications instead of consumer applications
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- Blinken says Ukraine will be joining NATO
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Press conference at NATO summit
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Sweden also just joined in record time
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Sweden, Finland applied to join in May 2022 - Finland joined in April 2023, Sweden in March 2024 (Turkey and Hungary held up their membership)
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Politico report claims Ukraine disadvantaged in the war
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Under Article 5, an attack on 1 is an attack on all - so US will be drawn into the war
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Even Macron is calling for sending troops into the war
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Seems US administration will try to admit Ukraine into NATO if they get re-elected
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Ray Dalio talks about Big Cycle
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There is a relationship between economic factors and wars
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This was a clearly media-trained statement delivered at a press conference - so this was planned
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Presidents who win second term are more likely to get us into war than not because they don’t care about voters
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Is it up to countries to admit themselves to NATO or to NATO to admit those countries based on their own interest?
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- 1M subscriber party will be at the Wynn in Las Vegas
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