19 Episode results for "Evan Spiegel"

Snapchats Social Gaming = More Time on Social Media

Family Tech Update

04:21 min | 1 year ago

Snapchats Social Gaming = More Time on Social Media

"Snapchat is making some changes to get more of your kids time. We are just past a year since Facebook and Snapchat started what they called the time well spent movement this was a movement in which they may changes to their apps in the layout of their design. So that it would encourage people to spend less time, just creeping Instagram or Snapchat, Facebook here, we sit just a year later and yesterday Evan Spiegel made some announcements that kind of go against that whole time. Well, spent attitude he talked about the importance of Snapchat in our society, and how it brings people together. People have a safe place to express themselves. He also talked about how advertisers can use Snapchat to reach more people Snapchat is leveraging video entertainment by creating more original content. There also connecting with Tinder and house party to allow Snapchat videos and stories on those apps as well. They're introducing games like pool party where you dodge pool toys that you've fringe and throwing at you or zombie escape which is a lot like tack and your zombie trying. Catch your friends and turn them into beast. The idea is capturing users attention with more to do and more to see in the app, and that's only a couple of examples of some of the games that you could play now in Snapchat. Evan Spiegel, the CEO of Snapchat is quoted as saying that Snapchat is a place where you can be real transparent with your friends. He's promoting it as a place for people to spend time together and be social his point is that we are social beings, and we need time to be together. And apparently, he thinks Snapchat can and should be the place of choice for our young people to hang out with their friends. Here's something I've said a hundred times before we cannot blame tech companies for wanting our kids to spend time in their product. Obviously that's going to be the case because that's how they make their money. What we have to do is be careful to set. Good examples and the right attitude of healthy time spent in these apps, first of all if your kids are under the age recommended for these. Apps and it's seventeen plus in the marketplace as you can download these absent that are commended they don't use Snapchat or Instagram or any other social media with user generated content for that matter. Secondly, we have to model time. Well, spent we have to be careful not to be seen constantly creeping social media on our devices quotes from this event that Snapchat had boasts of away for people to connect to one another and be beat together. But reality and studies have shown that time together isn't the same when you're not actually together. So as parents, we need to emphasize the importance of that as well, it all comes down very simply to the bottom line for these companies. They want people to spend more time in their apps. No matter what they say about time. We'll spend no matter how many screen time management products, they build it into their app. They want you to spend as much time as you can in their software because that's how your eyes come across the advertisers that they allow to pay. To use that app to promote their products, and the more you see it or by what they sell the more. They see Snapchat or Instagram or whatever as a viable place for marketing. And therefore, they continue to invest in marketing Snapchat, gets more money. The marketers give more money, and we get more time spent on social media if you're an adult you make this decision. It's up to you. You're going to do it. You're going to do before our kids. We have to be careful as very easy for them to get sucked. In to the time. They spend playing games with their friends in apps like Facebook, messenger, Instagram, or Snapchat, so pay attention talk to your kids have a conversation with them about what a healthy amount of time is for your home. Also show media. Thank you for watching. And for listening a Michael prince because family dot org and family tech block dot com if you'd like to partner with our show, you can go to because family dot org slash partnership. You can also visit us on patriotic patriotic dot com slash because. Family finally subscribe on Stitcher Spotify and on I tunes. Thank you for watching and listening. Bye.

Snapchat Evan Spiegel Instagram Facebook Snapchat Michael prince Tinder partner CEO
Facebook vs Snapchat - Children of Privilege | 2

Business Wars

30:38 min | 1 year ago

Facebook vs Snapchat - Children of Privilege | 2

"May Twenty Twelve Menlo Park California Mark Zuckerberg steps out of his office at facebook. HQ onto a pave quad called hacker square short slim and dressed in his trademark dark Zion that seems resistant to his charm and checkbook the question is is snapchat super savvy or destined to sell even before Prime Day was thing Netflix in two thousand four before you were binging stranger things and Marvel Now Walt Disney publicly traded company worth billions the stock clauses that day just twenty-three cents hired destruct ever wondered how to invest more struggle to understand how to make your money work for you there's Motley fool members got access to recommendations like AOL in Nineteen Ninety four before you've got mail was a movie Amazon in Nineteen ninety-six right now this all seems like a big deal going public is an important milestone in our history he is built he walks toward the center of the quad to a podium with the Nasdaq logo on it beyond it a giant crowd cameras and news crews two thousand four if all goes as planned facebook will raise sixteen billion dollars today nearly ten times Google's public offered but here's the thing or mission isn't to be a public company our mission is to make the world more open and connected so let's do this bird presses a buzzer on the podium by up innovators who typically succumb to big numbers or die like my space but there's one upstart he's got his traditionally. IPO's take place at Nasdaq in New York but there's nothing traditional about Zuckerberg and today he's made a public show of in special day on behalf of everyone at facebook I just WanNa say to all the people out there who use facebook and our products thank you under to Sucker Berg that facebook's supremacy is not a lifetime guarantee it depends on facebook's ability to innovate or ringing the bell remotely for the Nasdaq Stock Exchange this is the moment every entrepreneur dreams of growing a tiny startup into thousand four when Toby Maguire was still spiderman every month Tom and David each pick a stock and provide a deep dive and analysis exclusively for members all right now I just want to say a few things and then we'll we'll ring this bell and we'll get back to work will you probably want to hear about the motley fool then the Motley fool was founded twenty five years ago in a garage by brothers. Tom And David Gardner in those twenty five years was in hundreds of elated facebook workers cheer plath he's about to take the company public the most anticipated tech IPO since Google then it's thirty eight dollars opening price it's not a disaster but it's not the runaway success speculators were hoping for it's another remind their stock advisor service members get exclusive access to the stock advisor website with daily updates that cut through the noise of the financial market out of going to New York to ring the bell he's not going more than a few hundred yards from his desk at six thirty a. m. he steps up to the podium from wondering I'm David Brown and this is business wars so what are you waiting for good a fool dot com slash vw to learn more and acclaiming exclusive discount only for listeners edge it's nineteen ninety-six at the Zuckerberg house in Dobbs ferry a wealthy New York City suburb his wealthy parents had the means to feed his ambition. His upbringing was will not that different from that of snapchat founder Evan Spiegel `puter science courses so he signs up at nearby Mercy College for at Graduate Computer Course when his father drops him off Zuckerberg may downplay it all he likes but facebook's IPO now makes him the leader of a giant publicly traded company it was not inevitable that he would arrive and in some ways that put Zuckerberg and Spiegel toe to toe this is episode two children of privilege learning but before long Zuckerberg leaves the tutor in the dust when he gets to high school the local public school doesn't have many advanced math or it is first class the teacher frowns at the teenage Zuckerberg and then turns to his dad. I'm sorry Mr Zuckerberg but you can't bring your son in with you here but growing up he had the makings for a head start he understood technology much better than his peers and even most adults scurries off to his computer home computers are still a rarity in those days but not in Zuckerberg's house his family has more than one Zuckerberg Job Zuckerberg is twelve his dad a local dentist and a bit of a computer nerd himself is griping about his practice over family dinner I wish there was a better way to announce a patient's arrival than the receptionist yelling to me that so and so's arrived it feels so unprofessional Zuckerberg is looking he's hanging around in the dorm listening to music with friends suddenly the playlist he created an itunes brings up the last song exhau- already burst in the coating C. plus plus for Dummies and his dad's shown him the Atari basic computer programming language Zuckerberg toys around with his the parents are thrilled the dental office receptionist now quietly messages Burg's dad when patients arrive Zuckerberg Siblings Use Zach Net to message operated Zuckerberg is devastated but he learned an important lesson not only is critical to protect what he develops risk senator round the Roman Empire by Middle School Zuckerberg's parents hire a private tutor to help feed their sons voracious appetite genius invention Silicon Valley comes calling representatives from America Online and Microsoft reached Zuckerberg on his dorm phone list from their Song Library based on that they create a plug in for an MP three player that designs playlists post them online they call it synapse India and ultimately build a program that lets the computers in the House and Office send messages to each other he calls it suck net tuition costs nearly fifty thousand dollars a year as October senior year comes to a close at Exeter in two thousand and two six three Spiegel also goes to a pricey private Santa Monica high school known for its celebrity student body think Jonah Hill in the process of this divorce Spiegel learns how to negotiate and manipulate his parents he moves into his dad's coastal matching and his dad gives him free reign he can decorate his room however he wants and invite over any friends he walked he takes advantage and throw some wildfire but he needs to make decisions quickly the tech world is fickle and moves fast with his parents money he hires legal counsel to help him protect future projects then in April two thousand seven his parents tell him they're divorcing which ignites a messy legal dispute over money in child custody it's like an early version of Pandora attack new site writes up the students website then the tech giant's catch wind of this in you know there's really no reason why my computer shouldn't know what I want next that's a great idea for a program Yeah Budget Spiegel is already driving a new cadillac escalade but he wants something flashier maybe Lisa new seventy five thousand dollars BMW palisades neighborhood in West Los Angeles while Soccer Berg created a messaging APP when he was in Middle School Spiegel building a computer from scratch in breath paltrow zoe day chanel while still in high school Spiegel nabs an internship with red bull promoting the energy drink at bars and clubs is mom is in favor of the car but his dad thinks it's ridiculous but not because of the cost no way awesome month but I needed two thousand dollar emergency fund because my life is full of unforeseen circumstances difficult obstacles in my childhood this past year included and it feels really nice to have you and mom acknowledge my success Evan I appreciate you validating me all of my hard work by leasing the BMW boys attached so much value to cars I have overcome a lot of on his plate mulling over his dad's complaint and then snaps his head up dad I've got an idea Zuckerberg jumps up from the table and the other it's a very basic version of AOL Instant Messenger which will come out the next year soccer is a prodigy who loves technology and Latin had arrogant he initially turns them down insisting money's not the point but by the time he and his buddy a change of heart the offers have and he has a dog eared copy of homer's the Odyssey and for kicks he codes computer games for his friends his first big venture a game based on the board game this computer nerd is blossoming and upper middle class family Evan Spiegel is born on June fourth nineteen ninety and grows up in the Fancy Pacific into the design program at Stanford His dad's Alma Mater at Stanford he rushes Kappa Sigma known for being party animals the FRAT brothers drink five fifty I the seventeen year old lays out his case in a letter to his dad thank you for working so hard to afford such he's totally unprepared for their six and seven figure offers but he's young impulsive self confident and maybe a not make other purchases like vacation or art for the House so that I can have the BMW cars bring the sheer joy I would raising lifestyle I propose that I limit my spending on clothes food entertainment and transportation to two thousand dollars heavily in throw regular parties in his sophomore year he moves into the Frat House a senior named body Murphy lives across the hall closer friends such close friends they decide to go into business together twice I they create the website future freshman party's Spiegel's start spending like crazy he incurs overdraft fees so his dad insists he come up with Spiegel isn't the best student but he messes around on Photoshop enough to become a pretty decent graphic designer enough so that in two thousand eight he three hundred sixty horsepower engine is not safe for a seventeen year old so spiegel starts leveraging he called his mom what Oh no no no I'm not the student he is in his junior year he transferred to the elite Boarding School Phillips Exeter Academy Oh honey he packs up his stuff and moves in with mom the BMW is his Murphy is smart and quiet he's majoring in mathematics computational science as hallmates the to eventually become also I'm doing more driving in the city I need a more fuel-efficient vehicle I would like a BMW five fifty I I have decided San Francisco peekaboo failed to attract interest but since relaunching as snapchat six months ago There Project Dad Oh that would be amazing you know I really want this BMW if I come live with you do you think you could help me out with that most adults haven't heard of it yet but that doesn't matter it's growing so fast that problems arise before they can anticipate them Spiegel's worried gibbs highschoolers advice on how to get into college it flops then they develop a cool little APP called peekaboo could build that let's do it Zephyr Bergen his friend get to work riding a program but learns listeners musical tastes then curate uh hey mom I've been thinking it'd be cool if I could see you more of Khorasani I'd love that I would you feel if I came to live with you instead and then he had to Harvard for his freshman orientation across the country another precocious seem to be taking off thanks to their teen fans snapchat users have grown to a hundred thousand by April twenty twelve oh by the spring of Twenty Twelve Spiegel is a senior at Stanford Murphy has taken a developer job in his living in look bobby we can't even keep up with the server bills they're costing US nearly five thousand dollars a month okay and what if I put in some money from it Hoodie and jeans the twenty eight year olds after Berg looks more like a college freshman than a CEO bought on every side he is flanked by the giant office buildings of the company a paycheck share. That'll that'll help and I've got some cash I just inherited from my grandma we can use to keep this thing going murphy ends up handing over half his paycheck but the situation is not sustainable they need to raise money soon little do they know the teenagers are coming non Lopez or wondering nothing nothing still nothing and then six digits appear he just got coming for facebook and Instagram business wars is sponsored by Ziprecruiter we should take it what do you think I think we need the money they call Luebeck you've gotta deal it's listed to Toyota group Toyota is the name of the Street Spiegel's dad lives on Spiegel's name is listed then he drops out of Stanford just a few weeks before graduation it's another move from the Mark Zuckerberg playbook he did the exact same thing venture partners well-known firm focused on early stage investments so he tells his colleague Jeremy Lou about this new APP he just heard about a few weeks later speaker is sitting in a machine shop class he's refreshing the wells Fargo APP on his iphone waiting for lose cash to come through with concerns over social media privacy getting more attention it could be worth investigating luke goes hunting for snapchat owners Oh that's an interesting offer let me talk to bobby and we'll call you back he hangs up dials Murphy and lays out the offer Peter here it's as popular as Instagram and Angry Birds One teenager tells her dad about her dad happens to be an investor at light speed the company he was having trouble finding qualified applicants so he switched to Ziprecruiter ziprecruiter technology identifies people with the right experience and loot tracks him down on facebook the sends a message and they agreed to talk Lou kicks off a conference call with Spiegel and Murphy but there's no contact information on their website no owners are listed on snapshots linked in company page either finally he looks up the owner of their web domain two thousand dollars for a small stake in the company Spiegel's silently cheering that will keep snapchat afloat for months but over the phone he plays it cool you were seeing really fast growth our user numbers or five times what they were three months ago this is all very impressive listen I want to invest if you've ever had to hire for your business you know it can be a slow process when cadfael tourist COO Dylan Moskowitz needed to hire a director of coffee for his organic coffee Spiegel Hoses Brat he's thrilled this is perfect timing they need help paying their server bills I can put in four hundred eighty five writes them to apply to your job so you get qualified candidates fast dylan posted his job on Ziprecruiter and use their candidate rating feature to filter his applicants four hundred and eighty five thousand dollars richer he gets out of his seat and walks up to his professor. I'm dropping out of this class hey jeremy my daughter's obsessed with this thing called snapchat users can send photos that disappear have you heard of it no I haven't but that's an intriguing idea Robert it's time for the student to face the master not to learn by chew but to conquer now snapchat is so he could focus on the most relevant ones and that's how Dylan found his new director of coffee in just a few days with results like that it's no wonder hey love what you're doing with snapchat and it looks like you're really gaining momentum with teens Yay we we've got one hundred thousand users wow a hundred thousand that's for Free At our web address ziprecruiter dot com slash vw that's ziprecruiter dot com slash B w one more time four out of five employers who post on Ziprecruiter get a quality candidate within the first day see why Ziprecruiter's effective for businesses of all sizes trust ziprecruiter business wars comes from capital one with the spark cashcard from capital one you earn unlimited two percent cashback on all of your business purchases think about it unlimited same ziprecruiter dot com slash B W ziprecruiter the smartest way to hire support for business so you can keep growing imagine what unlimited two percent cashback could do for your business learn more at capital one dot Com November twenty twelve facebook is the tech giant with one billion active users the photographs live there permanently in a personal photo gallery unlike snapchat were pictures disappear but Zuckerberg is savvy he's the two percent cashback on everything you buy for Your Business and that cash-back can add up to thousands of dollars which you can reinvest back into your instagram. The photo story APP has more than eighty million users. INSTAGRAM is different from snapchat on instagram users post pictures to share on their feed what's in your wallet like competition at this point people are sharing more than fifty million photos on snapchat each day facebook is still beating it with three hundred communicate with each other snapchat is starting to look less like a flashing the Pan and more like the real deal it smells I serious competition but before poke launches Zuckerberg wants to do some Recon by November twenty twelve wins directly to each other rather than broadcasting publicly on a feed Zuckerberg is obsessed with connectivity and this seems like such a cool way for people others have developers for a meeting I want you to build an APP that sends disappearing chats photos and video messages mark so this would be an added lap after a few months of tinkering the developers create poke in polk users pick a text photo or video messages capability on facebook no everything is moving to mobile now and we're geared toward desktop make it a stand alone like instagram wise what's he going to do make facebook's own version of disappearing messages of course Ducker Bird always looking for the next big thing he knows that young people love snapchat and he's intrigued by its messaging capability where people send pictures with caffeine the other way around thanks Smiley Face Emoji would be happy to meet I let you know what I make it up to the bay area million photo shared a day Zuckerberg knows he has to deal with snapchat now before it becomes another expensive acquisition Spiegel is back at his dad's house in Pacific palisades working on snapchat with Bobby Murphy Holy I just got an email remarks yes and then she was a friend of France to send it to users can draw on the photo and at a location the center decides how long he wants the material to exist during chats photos and video messages Spiegel looks directly at Zuckerberg and tries to keep his expression neutral facebook launches pope this is facebook's first direct shot at its new competitor Spiegel is on the edge of his seat social network site but Spiegel is cocky he plays it cool I write him back now but he should come to us this is a big deal a private meeting with Zuckerberg the twenty eight year old billionaire. CEO of the world's biggest Oh man it's nearly an exact copy Spiegel is stunned how is it possible that facebook's ripped yeah it's pretty cheeky but Zuckerberg won't be put off he makes the trip to La and strikes fear into the junior entrepreneurs heart during a private meeting. I let you went on some top secret Intel we're launching a new APP called Pope it has disappeared list before it disappears so basically it's a clone of snapchat Spiegel doesn't know yet but he's about to face his the title son Sues the art of war the battle is on December Twenty First Twenty Twelve Spiegel keeps his cool but inside he's terrified this could be the end the end of his company the end of his vision we'll go live in a few days we're even going to change the sign outside of the facebook Silicon Valley campus from the facebook comes up to poke icon the in himself as a tech Titan he has no choice but to buckle up and hope somehow some way poke fails snapchat the leading industry blog tech crunch caused the APPs strikingly similar dozens of articles about pope are focus on snapchat and get rid of any distractions Spiegel has deactivated his facebook account he can't check out poke himself but off their idea in its entirety the next day Po kits number one in the APP store but the tech press clocks it is a copy Murphy still has an

facebook Mark Zuckerberg Spiegel snapchat Spiegel Evan Spiegel Spiegel INSTAGRAM Google New York Netflix Walt Disney AOL Tom Menlo Park California Zion Zuckerberg Amazon France
Facebook vs Snapchat - Stock Market Tailspin | 5

Business Wars

24:31 min | 1 year ago

Facebook vs Snapchat - Stock Market Tailspin | 5

"April seventeenth two thousand seventeen mark Zuckerberg is standing on a dark stage dressed in a grey sweater and dark jeans. He's in his element confident First augmented reality platform the crowd applauds and Zuckerberg's smiles smugly from wondering I'm David Brown and this is business wars Zuckerberg's calling them face filters but this savvy audience knows they started a snapchat lenses a feature facebook copied the on Snapchat facebook and instagram or going to have more filters than snapchat could ever imagine the message to snapchat there's like snapchat lenses but Zuckerberg has a twist he's made the new tool open source in stiles and this is launching in Beta today this is Berg's full frontal assault the open call for developers around the world with coding chops to create their own filters in share them with facebook this is utter Bergh's major power in our last episode lay snapchat got a nimble set of developers who kept the company one step ahead of the competition but Zuckerberg is about to yank its innovative veg- instead of having maybe ten or twenty options to choose from you're gonNA thousands of options from creators all over the world from all different kinds of cultures and backgrounds not for photos and augmented reality and it takes direct dame at snapchat the screen behind him reveals a photo of red and green apples with the text which one written on top so for displaying information we've all seen people take photos and write text on them or facebook began copying snapchat outright I the social media giant bought a company to replicate snapchat S- lenses technology then it copied his episode five Stock Market Tailspin Zuckerberg's gunning for snapchat one feature at a time but Spiegel has a much bigger problem this APP chat stories feature on all platforms snapchat Evan Spiegel watches facebook's announcement of open source filters unhappily he knows this is f eight base books annual conference showing off its new product today Zuckerberg's debut in a new strategy he's he's about to strike fear in the heart of snapchat after the startup launched spectacles sunglasses with a camera attached it's been calling itself a camera reveal a Selfie of a woman with animal years and for enhancements we have things like filters and style transfers to make our images and videos more fun giant led screen flickers again to eliminate a screen shot of a facebook feed surf. Your take one thing away from today this is right here we're making the camera the it's IPO just posted its first quarter results and it's a disaster in its first three months since going and you're GonNa Start discovering affects that your friends are using and then irrelevant the place you're at nearby all of a sudden she's wearing bunny ears he joined snapchat CFO on the line they try to put a positive spin on things emphasizing user growth and that they're now seeing circle things are dry Iras to highlight information what Zuckerberg doesn't say is that people do this all the time on snapchat the screen shifts public snap recorded a two point two billion dollar loss and completely missed its revenue targets shareholders have been unforgiving is clear we will bury you may tenth two thousand Seventeen Evan Spiegel is sitting at his desk preparing for a very tough phone call snapchat which rebranded has snapped before three billion photos and videos shared a day then one analyst asks the inevitable question Zuckerberg opened up his Fa tation essentially saying that they are now a camera company with an augmented reality Api designed to let the whole world in innovate. I think the question redundant Spiegel knows he's just buying time and that he has to do something fast to save snapchat luckily he has a plan is not allay analyst fears they sense that despite Spiegel's fighting words Instagram facebook stories are quickly making snapchat it's on every investors mind is does facebook scare you why or why not Spiegel laughs and then jumps in host from news sites and influencers we should be prioritizing stories from people they really care about instead I get that unloading stock and sending the share price plummeting twenty three percent Spiegel field his stomach churn justice he's about to hop on part of the draw for advertisers Murphy's worried this move could jeopardize that revenue stream way that would change our whole layout are you sure call with Wall Street analysts with snap stock tumbling they know facebook is gaining serious ground Spiegel needs to triage the situation on the redesign November twenty ninth twenty seventeen snapchat is about to roll out its algorithm ick feed and redesigned that's monetize section where new sites brands pay to post updates until now those posts have been mixed in with all the other content and that was friends less about publishers we should have to landing pages friends on the left discover on the right discover is snapchat hard to understand but even if speakers right his strategy better work fast company is hemorrhaging cash me for instagram stories Spiegel shakes his head listen what people hate about facebook is that France posts are jumbled up with fake news we're going to beat facebook yeah by changing the feed up until now it's been chronological user see updates in the order they were made but but social media and reorganizing snapchat around your relationships to make it more personal and illustration on the right of the video sketches out snapchat new interface just trust me let's do this Murphy begrudgingly agrees snapchat developers get to work we don't need proof we have my gut I know this is the right move I don't know man if you're wrong our core audience is gonNA ditches complete snap does not give out into your bonuses and things are about to get much worse Johny now facebook's getting in on the augmented reality action to aren't going to go to swipe to the camera the screen behind him switches to a Selfie of a woman what if we made it algorithm users get what they actually want to see no way we have no proof that people want an algorithm MC delivery by the end of the third quarter in two thousand seventeen snaps losses total more than three billion dollars morale of the company is low change will grow rather than alienate his usership he also tells Wall Street the redesign makes it more user friendly to older people who complained that the interfaces apt chats most followed celebrity user but she finds the redesign less intuitive to us so she's been posting more and more about Kylie with her manicured nails she casually taps sand the tweet goes to her twenty four point five million twitter followers so does anyone else not open snapchat anymore or is it just me this is so sad later that afternoon at a conference table he explains it to Murphy over lot as I know is that photos and videos from your friends are mixed in with content from publishers and creators and influencers all your friends aren't content their relationships that's why today we're separating the in a promotional video dressed in a black t-shirt spiegel stands in a brightly lit studio in front of a yellow backdrop one of the complaints you've heard about social media it's only eighty eight characters but that tweet shakes markets in a matter of hours snap shares plumbing north and to the right of the camera is discover or content from publishers and creators in the community is personalized just for you Spiegel is betting the house Robak it's redesigned they say they find the new interface annoying and difficult to use things only get worse for snap chairs tumble almost five percent Spiegel panics he frantically calls the head of marketing how did this happen we're cosmonautics on instagram with instagram's stories there's no need for her to post on snapchat she opens twitter and taps out a message to her followers one point three billion dollars in value has been wiped out the redesign has been a colossal failure in Kylie always snapchat opens the camera to invite you to create and inspire you to explore the world around you on the left side of the camera or your friends these are the people you talk to every day send snaps to back and it almost eight percent snap stock ends the day down six percent close to the seventeen dollars a share it started trading at nearly a year ago it's happened a lot in technology you know when Google came along everyone really felt like they needed a search strategy wouldn't face came along and they need a social strategy and now I think you know with with snap at our company we believe that everyone's going to develop a camera strategy just because Yahoo for example as a search Bach it doesn't mean they're Google this uh in fact let's not just change

facebook mark Zuckerberg Evan Spiegel snapchat snapchat snapchat David Brown instagram assault Bergh stiles Berg analyst CFO three billion dollars twenty three percent
First ever Charge Chugger  GMs eHummer. Snaps lucky quarter. Netflixs inflexion point.

Snacks Daily

16:46 min | Last week

First ever Charge Chugger GMs eHummer. Snaps lucky quarter. Netflixs inflexion point.

"This is nick. This is Jack and this is snack daily. It is October twenty second nick is it Friday? Yeah. It's not. It's kind of Friday. If you want to think about it that way it's gotTa fry Thursday's the new. That's why it's Thursday or really Friday the twenty second. That's why this is the best one yet Abo why Jack would we got For. The first story over here snapchat is trying to make it stock Oh viral share search twenty eight percent to a record high as poetic justice against the OS e the original. Zakim second-story Jack. What do we got General? Motors just crossed the biggest milestone for electric car industry yet Jack and looking at Myself Electric Hummer over here not a gas guzzler juice guzzler. Charge, chug please can call to charge jogger Navia Plug founder third and final story. What we got Jack Netflix stock dropped six percent yesterday because the flicks is facing infliction subscription is real and it's spectacular. But before we hit those three great stories were calling this one the first ever I. Double IPO, this thing because we got influencers IPO on our hands now and Italian social media influence her is going public on the Milan Stock Exchange Jacket I couldn't believe this. We found out that a thirty three year old Kiara Danny has twenty two million followers on her instagram account melodic pronunciation right there neck thank you jack she wants to make the Selfie a publicly tradable asset. Now, the business model here is is coming down to a whole plan to monetize everything based off her clothing to lifestyle persona her beige cashmere product up in Florence just got a quarter million likes I. Wear a Bay Sweater Jack and now I'm second guessing my entire award. This is the most profound test yet of the influence or business model. The analysts are already asking like Cana marketing subsector become a sustainable profitable long-term entity. What's going on at the annual shareholder meeting? Are you voting on the next instagram filter for q three Jack? If you buy stock in a person's face, is that creepy? Be I. Ever IPO on a single human self promoted brands correction. It's the second I one B Lan and Tesla very good let. Daily. We got. Rain Food is candy they don't reflect the views. Her family. Informational just so recommended. It's not a research report or investment advice offer or sale of a security. Next Digestible Business News you from a financial LLC member Finra Slash S. SIPC P. C.? Four. Our first story after ten years of being dead GM just resurrected the Hummer different. This thing was like a three hundred pound nose guard vehicles, and it just announced like Kito Diet and it's doing yoga. Fully, get the context and the. So we go back to the Mid-2000s, Jack and I didn't know each other yet in fact. True story the first time I saw Jack was in a facebook photo he was wearing a white Tuxedo and my sister was concerned the impression I was going for I'm Huger. But I'm not a first impression kind of guy. Freshman year roommates kicked it off right there but the price of gas was a different story back then the. Dollar fifty per gallon like every time you watch the gown thing go up by one dollar thing was like closely behind healthy we just invaded a top oil producing country Iraq, which is partially would help. Right. So we were thinking gas prices we're going to stay low end Al Gore, the former vice president, his movie, an inconvenient truth about climate change hadn't even come out yet. Yes. He'd be driving your car and you didn't realize it was directly related to greenland shrinking. That's why. So many of US drove enormous cars with brutal fuel efficiency and like six rows of seats. Escalate, it can haul seven full-size stroller. My suburban can fit the whole team in the back the whole football team. But then in two thousand, eight, Jack lived in Burlington. That's great summer. Our automotive decadence was popped when gas jumped up to three dollars and thirty cents a gallon gas prices biking was kind of the first domino and the last domino to fall was general motors announcing bankruptcy the next year in two thousand, and then one year after that two thousand, ten GM sells it's very last Hummer. The thing is done until now. Yup, it's back baby. During game one of the World Series on Tuesday night, there was a two minute and fifteen session commercial announcing the is back two minutes and fifteen seconds. That's not a commercial. That's a Sundance Festival short film. That's like when you pay one ticket to watch a movie and you watch two movies, what do you call that the double header doubled plex something do peo- but snacker in the meantime this huge commercial featured huge vehicle with a huge spokesperson. Lebron James is the spokesperson announced its back. General Motors has officially resurrected the hammer and it's kind of like you know like the hulk and jeep. Had a baby but that baby got bit by a spider and then rubbed balloon on a terrier create electric's this thing is part Hummer part pickup truck, and it's one hundred and twelve thousand huge price tag coming out of the city of Detroit where it's GonNa be manufactured GM is calling this the ultimate off road electric vehicle super truck. It's going to include four wheel drive seems kind of standard but then a thousand horsepower. Yeah and three motors. There is nothing subtle about this vehicle. You don't need more than one from what I last checked and this caps off a big Newsweek for General Motors. We just found out they're also converting plant in Tennessee into an electric plan for two billion dollars to make the Cadillac Electric and last Friday. They got approval from the state of California to test their crews self driving cars with no human being behind the wheel I've seen these things Jack Rolling around their neighborhood. They've got the cool forty, two camera on top of car testing to see if it works by Jaywalking gotta do it's kind of freaking them out of it. So Jack, what's the takeaway far buddies over General Motors. This is the cultural milestone for electric vehicle snappers. Everyone's talking electric vehicles. You've seen fifty on specs about these things but electric vehicles are only two point six. percent of all cars, soul and one percent of all cars on the road in two thousand nine. So even though there's a lot of press on these things when you look at the numbers, electric cars haven't moved from early adopters to mainstream. But with this vehicle coming out electric vehicles are passing critical threshold and that's because it's such a wild swing. The original gas hummer got like nine miles per gallon. No joke when it came to polluting the hammer was one of the most polluting things on the planet it was designed for the military and used for groceries. But now the Hummer brand has swung a hundred and eighty degrees from gas guzzler to electric charge chug now that the. Sustainable version of the lease sustainable cars coming. There's no going back. It's a cultural milestone four our second story we snapchat, which finally gets revenge for the original sucking. It's poetic justice because snap stock just jumped twenty eight percent cruising past its previous record high Jack. I. Just got a memo here from Captain Benson. We got ourselves the first ever victim of Ezaki law and order on bomb the date of the Crime August Two Thousand Sixteen Jack the victim Evan Spiegel CEO snapchat the crime instagram launching stories a copycat of snapchat not something you want to see it was the original suck and we don't even like to talk about it. You know azotic when facebook copy someone else's core. Product or feature, and then does it better than that company. Now before ducking snapchat was living, it's best life user growth year up sixty three percent years after that docking in two, thousand, sixteen, it was never the same wasn't grow slow to sixteen percent five percent riddle and thirteen percent in the years after the duck not as fun. Now, snapchat stock as a result of all that added up it enter twenty twenty at half of its price of its Twenty Sixteen IPO and how many profit has made quarterly profits and checking out the body count here, and it is zero zero quarterly profits this summer the third quarter of twenty twenty was revenge for Snapchat Jack and we call this thing. RISE UP THEIR SPIEGEL THE RISE OF DASH big. That's right. SNACKER for the well. First of all here, Evan Spiegel the CEO and his wife Karen just welcomed a baby boy good point. No clues will go boy in moves, names, miles, future snack, or send us a snack. Second snapchat announced on Tuesday record revenue increased by fifty two percent from last year. Let that sink it after all those numbers we just Said revenue jumped fifty two percent. We are crediting that record jump revenue to the FACEBOOK AD boycott that went down this summer. That's because over the last few months over thousand companies stopped paying for ads on facebook and instagram. The boycott happened July and it was referred to as stop hate for profit was like an Internet movement people were protesting facebook's role and posts that promote violence and spreading misinformation and destroying democracy. So bucks went from Chuck to Snapchat this summer as a result of not going to facebook and Jackie knows. Up perfectly by snaps very own chief business office, she says advertisers tried this summer to align their marketing efforts with platforms who share their Corporate Values Aka. They don't WanNa, do stuff on facebook because all those things which just mentioned fifty two percent jump in revenue nick. What was the profit? Still. Know. Ravi Jack. Lost shrank compared to last year's loss. So Jack what the takeaway for our buddies disappear over at snapchat snap got. Nothing else that's it. That's the only takeaway Jack facebook was going through an unprecedented retiring boycott and Tiktok another snapchat competitor quasi banned by the president of the United. States next Italy Ends Don just got kicked out of the two thousand, six world. Cup final snap cannot rely on its two biggest rivals getting boycotted and banned every corner get lucky twice in one pandemic. The CFO is pretty upfront about with investors it's not clear key sources of advertising demand. Will materialize in the same way this year as in previous years translation pass revenue performance definitely, not guaranteed probably not going to happen the same way next quarter but investors seemed to be ignoring it. They jumped up the stock by twenty percent yesterday like as Don Headbutt four, our third and final story Netflix stock just fell seven percent. Now, the flicks is facing an infliction point key for feet of reasons. First one, this is their first ever earnings having Co.. MIC and I used to be co CEO's of our startup market snack. Yes we did. It looks good on a business car. It does it works very well. Nice. Thanks way there. But the best part about being cozy is people constantly telling you that's not a thing of won't work out and then you have to prove them wrong. Consistently, the best best part is having somebody to blame Oh that that mistake that's nick. Department. You're looking for the other see Mike Okay. So There was good news that one of the CEO's IT Netflix's announce yesterday stranger things restarted production season four spoiler. There are more Demi Gordon's everyone but those the same as dragons, their demons with flower heads. So no seriously and now. All right. So bad news though also came from Netflix's CFO that they just added two point two million subscribers last quarter that's down from sixteen million new subscribers to quarters ago and ten million last corner. So we notice there's a depth. And you know what? Maybe that was a one quarter issue and maybe they'll expect more subscribers. Next quarter they said, they're expecting six million. There's no pent up demand six million is less new subscribers than what they got last holiday season nine, million new subscribers. So major slowdown in new subscribers at Netflix, the stock fell because the boom is over explosive growth it's passed and it seems like that explosive pandemic growth may have sucked away future growth and just like made it happen sooner. It's kind of like the plot of Emily in Paris sounds fun moon from Chicago to the. Should be great turns out all that fun operatings a little complicated when you don't speak the native tongue, you'll get through it emily you'll get through when you go further into the earnings Nicoletti, we jumped in snack style. We noticed particular type of Subscription Nation AKA subscription. Saturation. This case, it looks like the US and Canada the homes with Netflix are totally saturated the fill their done netflix's only had one hundred, eighty, thousand new subscribers in the USA and Canada in the past three months that zero point two percent growth virtually zero growth. So you must be wondering where are those new subscribers half of them came from the Asia Pacific region which leads us to our takeaways. So Jack, what's the takeaway for our buddies on the couch over Netflix's the low hanging fruit has been pat me Netflix's creatively. Reach these new non streamers knackers. NETFLIX's splurging fourteen billion dollars a year on original content that won't add new subscribers. It's just engages existing subscriber sixty three new shows on obscure baking techniques. It's great for existing baking Netflix's Netflix's has just hit two hundred million paid subscribers. Congrats they need to get the three, hundred, million eventual and to get the next one, hundred, million we envision creative new flicks initiatives to get like non North Americans non Western Europeans case in Point Jack and I thought this was fascinating look at what they're. Doing one particular emerging market. They're doing stream fast in India on December four three net flicks for anybody it's like www dot net flix dot India jump on it anybody can watch without even logging in the second most populated country in the world. This is like I have free pancake day but for forty eight hours but for a billion people, this is crazy Americans Canadians western Europeans were the low hanging streaming fruit for Netflix to pick but getting the rest of the world that's going to require cultural and financial creativity like. Stream Fast in India Jack Kenya whip the take with for us on this fine Friday General Motors twenty-three electric vehicle models coming by twenty, twenty, three and one is a former gas guzzler. The electric comers arrival is a cultural moment for the electric vehicle for second-story snapchat. At way more those ads interrupt your video with five second unskillful promotions for matches Mattress Mattress Investors handed snap stock twenty, eight percent gain even though it got pretty lucky. I, didn't see that coming back Zach coming third and file story. NETFLIX's has hit subscription. In, North America and getting the rest of the world to subscribe requires some creativity. Now time for our snack factor the day sent in by George Feick. A recent Grad Mississippi state. The tallest building in the state of Vermont is only eleven stories tall on main street in Burlington. Vermont Jack, How does that compare to fifty states? That is the shortest tallest building in the state of all the fifty states as a New Yorker I feel like I should point out here at that eleven stories is actually shorter than the shortest building in New York City. That's absurdly not true. KNACKERS had a fantastic Thursday remember to share your snacks. Tell Them H. Y. H. Y. S. have you had your snacks daily? Help US grow. We'll see you tomorrow and if you know you know. Before he goes to Akers. CONGRATS ties ace towers who ran a pulse twenty six point two mile marathon around Stockton California. Yes. was just another. Are there any other kind of marathons? Kumar who made the soccer team down in Texas happy birthday to Michelle Lu and San Tooth, who have back to back birthdays over in college. Park Maryland Yankee grads are on Wang who just his first job out of law school in Manhattan go to Corner Bistro. Get the Burger. I. Love It. Medium Berger used to be five bucks. I think it's like nine bucks now but it's A really good bird inflation issue. Happy Birthday to Helen Chang in Honolulu Hawaii and Vanessa Clark in Orlando Florida and Michelle K over in Seattle Wash- and Ethan in Eagle. Idaho. Ambra Henderson Jackson Tennessee and Joel Graham in Louisville Kentucky, and she agarwal in Philadelphia Pennsylvania and a big high five to our snacker friends in Sao. Paulo Brazil moved or brought up to the bomb to the ban. The Robin Hood Snacks podcast you just heard reflects the opinions of the host who are associated persons of robinhood financial. And does not reflect the views of robinhood markets INC or any of its subsidiaries or affiliates. The podcast is for informational purposes only is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of a security. The podcast is also not a research report and is not intended to serve as the basis of any investment decision robinhood financial LLC member Finra as? IPC.

Snapchat Jack Netflix facebook CEO GM general motors snapchat instagram Jack facebook Milan Stock Exchange US Evan Spiegel nick Burlington CFO Hummer founder Florence Iraq
Facebook vs Snapchat -  The Offer  | 3

Business Wars

30:35 min | 1 year ago

Facebook vs Snapchat - The Offer | 3

"Language November twenty thirteen snapchat headquarters a block from the beach in Venice California from the outside I know to listeners. This episode contains adult content and I want to buy snapchat for three billion dollars. Murphy's jaw practically hits the Table Spiegel's is widen the snapchat executives exchange a look but Spiegel recovers quickly in cash in cash snapchat snaps into a chronological narrative users love it. I think what I'm going to say next we'll come as no surprise to both of you mark Zuckerberg he's quiet awkward dressed in his usual Hoodie and t shirt after some pleasantries Zuckerberg way bigger so big that by the time he's ready to sell Zuckerberg's three billion dollar offer will look like chump change would set him up for life many lives but once the impulse to grab passes Spiegel thinks more strategically table Evan Spiegel and Bobby Murphy sit calmly confident in their home court advantage and their new digs on the other side of the table Ride Spiegel is just twenty three and still living in his dad's house the offer is well it's beyond thrilling as soon as the door closes Spiegel takes a deep breath and turns to Murphy desperately hoping he'll come up with the same answer and they won't have to battle it legal see snapchat and facebook as philosophically opposed to each other facebook is all about broadcasting your status to a wide network speed so we're saying no it's a decision that kicks the rivalry into high gear snapchat won't be easily that has no revenue and no plans to monetize it's only two years old three billion dollars is an insane price tag three times more seven hundred and fifty million dollars each bobby Ann I need to discuss it would you mind giving us a second sure a wait outside thinks of snapchat as a way to communicate with close friends not brag to everyone you've ever met plus he thinks snapchat can get bigger in but now they're worth ten say man I think we can do better and I don't want to be bought by facebook I WANNA be bigger than facebook so we're saying no the company's current Valuation Spiegel quickly does the Matt he and Murphy each own roughly twenty five percent this would land them with they moved here nine months ago and now have thirty five employees two of whom were sitting in a conference room across from snapchat S- chief rival on one side gets right to it listen guys I've been really impressed with snapchat growth thank you we're proud of what we bill Spiegel and Murphy are sitting on the hot million dollars stunned he stands up Well thanks for your time they shake hand the staff in the world snapchat user sending three hundred and fifty million images a day they just launched snapchat stories which can stitch together thank wished mark you can come back yet so what do you think we we really appreciate the offer out bobby what do you think I don't know man it's a good price but I don't WanNa be like instagram sell too soon they went to facebook for a billion you know from US Zuckerberg pauses he can't believe it who do these kids think they are turning down three on snapchat every business war starts with an uncertain outcome personalities Resilience Zuckerberg to reach a truce before the war but after the snub from Spiegel and Murphy it won't be long before facebook launches its tech attacks Zuckerberg barely makes contact thank you by Marc by Marc the tens encounter was an attempt skill and luck all play a role and every winner uncovers an unexpected edge along the way if you've been looking for the edge for your company's marketing and sales the entire web it's GDP compliant imported directly to your crm and it includes actual contact details and powerful information on context. Ashby W from wondering I'm David Brown and this is business wars then let me tell you about intent data I o they help you identify the B. Two B. Buyers that are looking for your product or service the data they provide a source publicly and from around the to make sure your sales and marketing are effectively personalized even at scale they can even coach you on using the data and your own marketing and sales operations the folks it intent VW and sign up for a three month trial you'll get free setup and a fourth month of data free but only by going to intent data dot io data I o or thrilled to offer listeners business wars and amazing pilot offer it intent data I o slash vw just go to intent data dot co slash in our last episode snapchat founders. Evan Spiegel and Bobby Murphy got a cash infusion from a series a round led by venture firm benchmark Capital Journal breaks the story with the headline snapchat spurned three billion dollar acquisition from facebook Zuckerberg is mortified offer. He thinks they can't refuse they do Zuckerberg is taken aback he flies home to Menlo Park stunned that he got but spectators are divided our Spiegel and Murphy that idiots who turned down three billion dollars for an APP that isn't making any money or are they the geniuses holding onto a golden ticket they don't have to wonder long New Year's Day twenty four Eighteen Spiegel's dad's mansion in Pacific Palisades Spiegel wakes up with a blinding headache he partied all night with Taylor now snap chats riding high on evaluation of sixty million dollars so high when Mark Zuckerberg comes calling with a three billion dollars turn down he knows that if word gets out it would be very embarrassing for him and then it does the Wall Street Code and telling tech press about it but snapchat ignored it and kept their heads down on Christmas Day Gibson posted a report detailing how it would be possible he calls dude we're Spiegel pushes himself onto his elbows you'll bobby so down what happened some hacker the hack user information now they're prediction has come to life Spiegel rubs his face but they didn't release only brush with data breaches may twenty fourteen Spiegel is sitting in his office answering emails whipped and other celebrities and now he's seriously hung over blurry eyed he leans over and picks up his phone to missed call catches in his throat the hacker blackout numbers. Bud Man this is bad really bad spiegel leans forward he handled press Spiegel goes on the offensive appearing on the today show to do damage control technology businesses in general are optimal hacking and that's why you have to work really really really hard you know with law enforcement with security experts internal and external groups to that's from bobby in one frantic text do have you seen this leak before he can wrap his head around what bobby is texting about it's Murphy Messaging from a nearby conference room go to Valley Wag Right now he includes link Spiegel navigates to gawkers tech blogs on snapchat that you already have in your phone contacts for months and Australian cybersecurity firm called Gibson Security has been researching gaps and snapchat to make sure you're paying attention and you know addressing security concerns but he still comes off sounding arrogant and immature I believe at the time we thought we'd done enough today's emails from him to his paternity list-serve Spiegel's profile is rising I of flashy Forbes cover for its thirty under chat rushes out an update that it says close the security gap a few days later they make it possible to leave yourself out of the fine friends feature but it won't be there Spiegel Calls Murphy Bobby what do I do for the first time the confidence has been knocked out of him that catches Murphy the whole numbers no they censored the last two digits they just did it as a warning damn it I guess we should have listened to that security match the user names of four point six million snapchat users with their phone numbers in dumped the Info online all of it Spiegel's breath the snap chatting up the coast Mark Zuckerberg is about to experience his own embarrassment jerk to have written them they no way reflect who I am today or my views towards women the press wag their finger at Spiegel the issue that declares him a billionaire then he and Murphy Land on Time's one hundred most influential people list but these emails are about to do more I'm obviously mortified and embarrassed that my idiotic emails during my fraternity days we're made public I have no excuse I'm sorry I wrote them at the time and I was yeah we're GONNA have to beef up the code I'm looking into a right now okay we're GONNA get a lot of blowback for this reading one of the emails screen shots Sigma NU decided to stop being gays so they pass the torch to fate Adele I'm going to have some pledges make Jello valley wag he opens up the page to find his worst nightmare on the screen in front of him or screen shots of emails from his collar. Gordon destroys public reputation they'll turn him into the perfect bro Villain a guy you love to hate Spiegel starts Zuckerberg gets a call from his PR office mark the Tech News site diverge just called us about slingshot we're GONNA put out a statement saying the partial this is bad really bad silicon valley is already under fire for pervasive bro Mentality that marginalize women in Tech off-guard Spiegel's the real mouthpiece and face of the company Murphy remains in the background the quiet co-founder but seeing Spiegel in crisis native labs conference room boiling what the Hell happened it's not supposed to be out for eight more days slingshot we're live in the APP store and a few countries well it's June night two thousand fourteen he's sitting in a meeting when he gets a message from the head of Creative Labs and drinking underage he refers to women in Sororities sorority floods he starts to feel sick. This looks bad and warned against the Hubris of high-tech boy kings but luckily for Spiegel his teen audience isn't paying attention they're too busy but I think in a in a business this business that's moving so quickly if you spend your time looking backwards just going to kill yourself let this screw up the company heaven so once again Spiegel goes on damage control he issues a statement to the press finally is the official launch of slingshot in slingshot users sent photos and videos that disappear after a single view but facebook slingshot is their most recent attempt to win back teenage users and now someone is messed up the launch Zuckerberg storms into the up incubators ducker Berg setup within facebook to work on new product. There's been a mistake someone just released slingshot into the APP store role for this one June seventeenth twenty fourteen Zuckerberg is waiting patiently refreshing the APP store today go he speed walks over to creative labs for months facebook developers have been working full tilt on a competitor to snapchat an APP called looks like an empty storefront with grey cement walls and big glass windows a small ghost logo offers the only hint of what's inside this former art studio lights a fire and Murphy he takes a beat and then jumps into planning mode you apologize make it really clear you've changed okay we can tweak is that you have to send a message back before you can view a message this is different from snapchat where you can view the message and then decide whether to run why were not Zuckerberg thanks this feature having to reply before you see the photo will real in young users he's worried about teenagers launch was a mistake okay thank you sucker Berg exhaled facebook is usually a very tight ship heads are going is it still there no we already taken it down many people see it we can't tell we're still waiting on the numbers from apple just then what's I'll roll a blunt for whoever sees the most tits tonight Spiegel scans the messages frantically their jokes about peeing on women doing cocaine puts his head in his hand how did they get in they used fine fringe fine friends snapchat feature that helps users find people forty facebook's APP polk was supposed to steal back young users it lets you set a time for how long picture is available but it was they've been leaving facebook in droves opting to use the cooler and newer snapchat right now snapchat median age is eighteen facebook's is Sir there it is number one in the APP store he breathes sigh of relief his investors feature they never roll it out but this plant a seed rather than getting users to download new APPS Zuckerberg can build I will be happy. The next day Zuckerberg is in his morning stand up with his top executives and slingshot how's that going today what about rolling them into the existing facebook app the next day he marches into the morning meeting moving forward and facebook's huge combined usership he'll beat snapchat by copying their best beatrix you need to work on integrating time based messaging into facebook Sandberg looks intrigued okay like what how about Hello Cheryl Sandberg replies it's doing well but mark we're noticing something strange what there's another messaging Shen dates on posts so they disappear after hours or days they select certain users as Guinea Pigs but ultimately not enough people like the at the beginning to climb up the charts for our latest reports what kind of APP will it's called Joe Yo what chat his second attempt at copying the company that turned him down for three billion dollars Zuckerberg steels himself for bad news refreshes his world has just been beaten by an APP that can only send the message Oh it's sheer pointlessness boost its popularity the by the end of the day y-yo edges out slingshot in the APP store rankings facebook the biggest social networking company in the things into facebook's APP and push them out to their millions of existing users he doesn't just have facebook he has instagram by leveraging instagram and not ready to give up Zuckerberg starts to think with both poke and slingshot he's tried to replicate snapchat features in new APPs profile picture that disappears after a few days or hours okay we'll get a team on it facebook developers quickly began to test setting expiration he sure of it but a messaging APP we're all you can do is send the word yo that sounds like a bad joke and Zuckerberg's not laughing you mean Yo- Well Sandberg looks down at our notes I'm told it lets users send a word Yo Yoyo to their contacts business wars is sponsored in part by Westin hotels and resorts at Westin hotels and resorts their entire reason for being is your I want it may have only been beaten Baio for a day but that's long enough this counts as a failure but the word Yoyo that's it that's it Zuckerberg is dumbfounded the future of technology is mobile messaging well-being which is why they're range of wellness offerings have been curated with one thing in mind you you know I've been going to Westin hotels and resorts for years and one of my it becomes a punchline in the Colbert report and more people want in on the joke Zuckerberg Leans back in his desk chair this is a massive impact she's standing in front of Los Angeles staple groundwork coffee she swipes left on the screen and the words Groundwork Coffee Weston and welcome to wellness explore it Weston dot com a member of Marriott bond boy hiring can be a challenge slash vw one more time ziprecruiter dot com slash bw Ziprecruiter the smartest way to hire already already I'm getting the first class treatment and upgrade tips for the best place for dinner the menu here at the hotel I class you have to check out her spot they tell me I can't Favorite things about him is the level of customer service I was in San Francisco checking in they happen in notice I'm using the Marriott bond boy APP western his part of Marriott bond boy all Kotal co-founder Gretchen hubner discovered Gresham needed to hire a game artist for her education tech company she knew it wouldn't be easy to find someone to grow with her team that a few friends and then adds the snap to a new option called our World Cup story across the stadium ecstatic German is witnessing his team thrashed travel well having healthy dining options sticking to your workout routine getting great sleep at Westin hotels and resorts you'll find nutritious offerings on their new eat well she also used ziprecruiter screening questions to filter candidates so she could focus on the best ones and that's how Gretchen found a new game artist and less than two weeks menu on demand workout gear with fitness gear lending and arrested of night's sleep in their heavenly bed not to mention so much more welcome to friends it spurs even more people to use snapchat Brazil the World Cup is underway apply to your job so you get qualified candidates fast wretched post jobs on Ziprecruiter and said she was impressed with how quickly she found qualified applicants Brazil seven nil he takes a snap chat of the scoreboard ads the snap to our World Cup story the recipient isn't a friend defective for businesses of all sizes try Ziprecruiter for free at our web address ziprecruiter dot com slash vw that's Ziprecruiter Dot com leave how well equipped it is in the bed is a cloud and then to curse to me I'm not just traveling I'm traveling well but that's just me what does it mean to you appear over her picture a few blocks away to models bound out of a soul cycle workout they granted the snapchat camera holding up there a forlorn soccer fan records snapchat of the semi final he swipes to the right to access the page where he can choose who to send the video to he clicks on color choosing snapchat thanks in large part to its stories feature there are now sixty five million people using snapchat every today despite all the buzz and the growing numbers snapchat still isn't making any money that's why she went to Ziprecruiter Ziprecruiter doesn't depend on candidates finding you it finds them for you it's technology identifies people with the right experience and invites them but Spiegel is beginning to think of how he's going to do that Gio filters are one way right now none of the locations are paying to have their filter included in the APP but soon he thinks he'll ask brands and places to pay to be a go filter it's a feed curated by snapchat of what's happening at an event this is nap chat solution to foam oh fear of missing out forty percent of adults in the US are using snapchat on a daily basis instead of just posting to facebook or instagram more and more at home a teenagers on snapchat she's watching stories from her friends the next one though isn't from anyone she knows it's for something cout others respond they WanNa see the movie it works Spiegel is ecstatic finally July twenty fourteen Venice California a beautiful woman in a red dress hold up her Coffee Cup and snaps a Selfie on snapchat called we g it has a note below it that says sponsored she clicks on it a teenager picks up a photograph of her friend results like that it's no wonder four out of five employers who post on Ziprecruiter get a quality candidate within the first day sequence ziprecruiter you need to be in New York City people love them suddenly you can pose for selfish with a graphic overlaying where you are and show it off to your offers that only unlocked when you're in a specific location or city to access the Disneyland filter you have to Disneyland to access the New York City filter the teenager on snapchat drops her phone on her bed she picks it back up and opens twitter holy freaking Omg Ouija board as a snapchat sponsor who lived their lives by curiously through their phones these rollouts boosts nap chats numbers big time by the end of August two thousand fourteen a whopping money through snapchat now the company is exploding investors want in in December twenty fourteen snapchat raises a four hundred adding advertisers but it's also partnering with Publishers in January Twenty fifteen

Evan Spiegel Mark Zuckerberg Bobby Murphy facebook snapchat Spiegel Table Spiegel Pacific Palisades Spiegel Venice California Murphy Bobby snapchat snapchat VW Zuckerberg Murphy Land Ashby W apple Capital Journal
Facebook vs Snapchat  - Facebook Fights Back | 4

Business Wars

26:51 min | 1 year ago

Facebook vs Snapchat - Facebook Fights Back | 4

"September Fifteenth Twenty Eighteen New York City eighteen year old Kylie Jenner is lying on her plush hotel bed it's fashion week and the youngest Kardashian Jenner another tech company with a very large shadow looms large in the background business the rainbow pouring out of his mouth then Kylie tries out one that distorts space in shrinks his chin assess breeds well competitors and it's not just facebook looking hungrily at snapchat if you look more closely at this picture if you're ready to boost your business do it with wicks and for listeners business wars if you go to wicks dot com and use the coupon code VW you'll get Thomas for being famous she has a keen fashion sense that teens want to mimic with manicured Brown nails she opens up snapchat on snapchat with millions of followers and all of them helped launch the APP into hyperspace across the country a team the best seo email marketing and branding tools to make your business standout and with twenty four seven support you'll get all the help you need to do it right so coming out of her mouth to her friends this scene will quickly be repeated millions of times over snapchat founders are delighted with such success and and sees it has a new feature called lenses in Selfie mode she presses her thumb on her face to activate the lenses effect she opens her mouth and wars is supported by wicks have you got a business that needs a professional website use wicks the most technologically advanced website building platform out there small started hop into his chauffeur driven escalade and she sits on his lap cheerfully teaching him how to use lenses it with Jenner's endorsement and her big fan base snapchat taps a gold mine she's the most followed celebrity on snapchat watches transfixed as Jenner goes through the filters then she mimics Jenner opening your mouth clicks and sends a video of color the Blue Arrow to add to my story then she opens up snapchat for another selfie and taps on her face this time a filter morphs her face into a horror movie a big business or intergalactic empire wicks gives you the freedom to create a unique and powerful website that evolves with you that means you've got the tools you need to create orbits features heart is huge bulging eyes lava flowing from her mouth then she gets ready to hit the town with her boyfriend twenty five year old rapper Tiger Demon Jenner is hooked on snapchat latest rollout a feature called lenses she plays around with a few more only a rainbow shoots out of her mouth on screen she records video and quickly types of caption what just happened she clicks managing grow your online presence right at your fingertips you can automate your workload with online stores a booking system and an online invoice generator plus get ten percent off when you're ready to go premium that's Wicks dot com Koby W for ten percent off any premium plan from wandry I'm David Brown and this is business wars in our last episode snapped chat balloon to four hundred million daily video views with the wind in its sails the company turned down a three billion dollar offer from facebook meanwhile uh-huh facebook's failed again to directly compete with snapchat its version of disappearing messages and APP called poke never took off now four facebook fights back March Ninth Twenty Mark Zuckerberg watches snap chats lenses feature with interest and he knows just what he's going to do next. This is episode Ecksteen Zuckerberg sips his coffee quietly leaning over his laptop at his dining room table at home in Palo Alto it's a Wednesday morning and just before heading to the the office he wants to share a little message with the rest of the world he puts his iphone into a mini tripod in front of him and hits record onscreen there's an ironman style red and gold helmet Motif the eyes glow and then the helmet opens to reveal Zuckerberg's freckled face is reactions and comments role in to people who don't like the Post snapchat Evan Spiegel and Bobby Murphy I'm using this out masquerade that lets you put realtime filters on your videos and today I'm excited to share the team behind masquerade is joining facebook hither I'm sitting here coding my little Ai Project kind of like my own version of Jarvis and no I haven't also built an iron man suit you want to call it I got it project voldemort the names of play on the famous Harry Potter Villain but there's nothing Juvie that's what this is the third time they blatantly copied us we gotta keep track of all the ways they're copying us yeah let's start a file damn straight Spiegel calls out to murphy who sitting across from him at the Venice Beach Office Dude and you've seen this APP facebook just bought Yup I just read about it on a crunch here's the headline facebook acquires video filter at masquerade discover up with snapchat it looks exactly like our lenses this I wanNA offer big welcome guys are right now. Dr Quitting my Zuckerberg stops recording improperly uploads the video to facebook the like a hundred million daily active users far bigger than snapshots one hundred fifty million daily users what worries Berg is how fast Kylie Jenner's of the world not only to rave about instagram and facebook but to stop touting snapchat on his social media platforms so via links out of their instagram BIOS okay we can ask them no we don't just ask them we have to incentivize them how tell them that Alabama their plan for what makes it into the file it would seem facebook would be content with instagram which has over five hundred million monthly active users and more than three sucker Berg hatches a plan he gathers his developers to spell it out loud we need influencers and celebrities to take their snapchat the hip more nimble APP is gaining on Instagram Zuckerberg needs to stop it once and for all he needs to get the Act Spiegel and Murphy can't believe Zuckerberg's Chutzpah snapchat launched this exact same thing more than a year ago to Graham influencers success in getting six and seven figure endorsement deals from brands to promote their products but influencers ignore on it then in May Spiegel gets a call from an old friend it's Eric Schmidt Google's chairman what if Google bought you Spiegel pauses the and Murphy are committed to staying independent but well it's code to prevent users from linking their snapchat profile to instagram accounts then a month later facebook dates messenger APP with a new feature called Messenger codes a scandal pattern of dots and dashes around a person's profile picture the let you add them as a content thinking of offering oh you know we'd have to do all the due diligence and everything else but somewhere around thirty billion expensive failure there aren't GonNa know what to do with snapchat I agree and we don't want to sell anyway luckily for Spiegel and Murphy Luke is outright copying them Spiegel size bobby have legal add this to project voldemort we can have them put cash into this round great idea plus sees a bigger windfall on the Horizon Spiegel toward the threat and keep their snapchat links in their profiles so facebook plays hardball with the influencers it rerun okay let me call bobby and we can go from there he hangs up immediately calls Murphy get this Eric just asked if we would consider listen Evan I've been talking to Larry and Sergei I know you guys are beginning to raise money again yeah we're planning to close funding around this month well we have an idea one point eight billion dollars valuing snapchat at around eighteen billion and that's six times more than Zuckerberg's initial offer Dan we'll get the ball rolling Google Parent Company alphabet invests in snap chats may twenty sixteen funding round the company raises sial media. Yeah remember Google plus who doesn't remember Google plus that was the tech giant's lame attempt to social media network it was a colossal likes the monster he's not a fan google is Google not an offer to dismiss out of hand. You know bobby and I don't WanNa sell but what were you workers and other offenses this is facebook's quarterly all hands meeting every single employee is tuned in Zuckerberg's they've configured the voting rights even if there are other shareholders want them to sell Spiegel and Murphy get final say it Google wants to invest maybe if they don't remove the links they could lose their blue checkmark the blue checkmark the elite status symbol that is vital to an Schmidt is an advisor to snapchat snapchat uses Google's cloud infrastructure to operate Schmidt and Spiegel are buddy buddy in bought by google wow FA thirty billion that's a lot but we know have Google is goes through the crowd did he just say what they think he said the employees are stunned as they leave the meeting users he pauses and looks from left to right even if that means copying other companies a murmur because he can't afford not to snapchat is serious competition it has ten billion video views every single day Spiegel and Murphy no he's taking note and it feels zoo so good commit bag I'm sorry we're just still not ready to sell at this point but if you want to invest in this round we'd love to have you I under uh and then Kardashian West takes to snapchat to prove it given about as you as a person has a friend I want things that make steps up to the Mike and Clears his throat he has an important message for facebook stab a message that is going to change the future of its battle with Snapchat I'm sure you've noticed some of the updates and acquisitions we've been making for masquerade to messenger codes we're working to give our users what they want can't stop rehashing what they heard copying really managers began to recite it it becomes an unofficial slogan made that famous swift calls the song offensive and derogatory West claims he called swift to ask permission before releasing it swift denies it it's the summer of two thousand sixteen at facebook HQ in Menlo Park hundreds of employees are waiting for Sucker to speak cameras streamed the event up plagiarize it and if that fails he's going to use the sheer weight of facebook's existing properties to crush snapchat don't be too proud to copy facebook had been trying to build new standalone APP to compete with snapchat now Zuckerberg wants to straight and big things in American pop culture actually happened there Kim Kardashian West even uses snapchat to clear up a feud between her husband Kanye West and snapchats they spent fifty million dollars buying up a company called scan dot me with the IP to make it possible and now face you feel good I don't WanNa do that makes people feel better and he takes a bread today I want to tell you about something you should not let your pride get in the way of doing what is best for thanks for Being Myself Hulu Zuckerberg knows snapchat stories like the series of posts crash West posted are hugely popular law. Listen we patented our ephemeral message galleries but the idea of stories cannot be patented to the law stories pop star Taylor swift swift subset by West Song famous in the Song West raps I feel like me and Taylor might still have sex why between the Post that go on their feet don't be too proud to copy and with that Zuckerberg hangs up it works exactly like snapchat stories users can post photos or videos that disappear after twenty four hours it's a blatant ripoff these people use it back at Spiegel's office and snap chats Venice Headquarters Spiegel Murphy or fuming as they call their attorney as we were seeing popping up and profiles exactly we don't want people leaving instagram to go watch stories on Snapchat we need to help people share the little moments a feature nearly a quarter of all snapchat users are using them. Yeah I've been thinking the same thing it's clear people WanNa Bridge Instagram and snapchat just look at all those snapchat link Zuckerberg calls Kevin System Instagram's founder and CEO listen mark according to the data I'm seeing stories or snapchat most popular is just a universal idea that instagram is putting its own spin on but it's not universal we came up with it well I'm sorry but there's what the hell how can they do this it's legal Evan it's completely legal but how I lenses than snap coats now stories how come they can copy nothing we can do about it Spiegel and Murphy add stories to their list of facebook's infringements their project voldemort file August second two thousand Sixteen Zuckerberg sits at his desk in Menlo Park Instagram is about to roll out instagram's stories to its users fight for survival business wars is supported by Westin hotels and resorts at Weston they have of snapchat and a clear ploy to lure users away from the competitor he looks at his computer it Sheryl Sandberg we're getting murder in dot com a member of Marriott bond boy support for business wars comes from capital one with the spark cashcard from capital one more than one hundred million people are actively posting instagram's stories snapchat needs to buckle up to the fact that they disappear means users no they better watch fast before they vanish he gives the APP kind of urgency heightening its appeal cash back could do for your business learn more at capital one dot com. What's in your wallet during the press for this she sends three lakes the headlines are not flattering facebook goes after snapchat with instagram stories in is ball ging to their dismay instagram's stories becomes an instant success just two months after its launch with one thing in mind you I'm a member of Westin hotels and resorts have been for years they've always exceeded my expectations way above and beyond with their news earn unlimited two percent cash back on all of your business purchases think about it unlimited two percents cash back on everything you buy for Your Business and your grandma a copycat and the Internet is not pleased Instagram's stories or a near perfect copy of snapchat stories it doesn't matter what the press says single goal to help you travel well in fact they'd say that it's more than just a goal it's their entire reason for being which is why they're range of wellness offerings have been curated arrest rate of night's sleep in their heavenly bed not to mention much much more welcome to Westin and welcome to wellness explore it west announcing spectacles a new line of sunglasses by snapchat costing one hundred thirty dollars the sunglasses record video using a tiny camera offerings boy? They've really outdone themselves. We're talking about nutritious items on their new eat well menu on demand workout gear with fitness gear lending hot trend spectacles symbolizes spiegel and murphy's desire to grow beyond snapchat they launch it in Venice beach with a vendor sube blatantly well our copyright and trademarks do not protect the adoption of stories because the APPS look different but they're exactly the same not in the eyes of the Shane which dispenses the designer looking glasses trendy young Californians snap them up now you don't have to open snapchat to take snapchat voter that cash back can add up to thousands of dollars which you can reinvest back into your business so you can keep growing imagine what unlimited two rather than taking a picture in deciding whether it goes to facebook Instagram snapchat or I cloud snapchat decided to control the way people take pictures his fifteen hundred dollar wearable cameras but much cheaper and cooler looking this is their first foray into wearable tech a button you can press to record she taps once and begins filming ten seconds snippets of video the friends find MMC pool and glide up it's of sides then ride along the boardwalk hold hands in skating align this is the advertisement it's the perfect time to take it to the next step march second twenty seventeen the floor of the New York stocks in September two thousand sixteen a young woman puts on a pair of blue sunglasses and hops on a skateboard she skating through Venice with friends the shades hey how about snap just snap right now snapchat has a giant Avid User Base v Looks Tense Spiegel is relaxed looking around the room smiling he leans over and whispers and Murphy's ear the camera flashes explode snap starts trading at seventeen dollars a share and by the end of the day it hits twenty four dollars revenues they don't think the price is justified and are skeptical of its long term prospects. Meanwhile instagram is the company is now valued at an impressive thirty three billion but some analysts aren't wowed given the company's paltry late night rap session over some Burritos at their office we need to Change Our Name we're not just snapchat we're making more than that now what are you thinking authoring steam by June instagram's stories tops two hundred fifty million snapchat only has one hundred sixty six million but facebook replicates with legal impunity this battle is about to go nuclear built into a plastic sunglasses frame they then sent ten second video clips to your phone via the snapchat APP it's snapchat take on Google glass fought the are here to celebrate the IPO of their five and a half year old company. The clock nears nine thirty a M Sean off I thought I just had a responsibly to use a friend you know you know I mean not too cool to actually make the trip to New York to do their IPO both or dressed in black suits and ties all around them the giant screens of the Change Spiegel and Murphy stand behind the podium they look smart grown up and unlike Zuckerberg in his hoodie there and as cameras become more ubiquitous they want to be the default choice with spectacles launch behind them Spiegel and Murphy on the next episode Speaker will be forced to redesign the APP in a drastic away giving Zuckerberg a moment of Zen but facebook is on isn't giving any ground it launches its own version of stories on facebook the ability to share stories with pictures video captions and Google Podcast Stitcher Apple podcasts spotify IHEART radio or wherever you listen to podcasts you'll find a link on the episode notes if you tapper next is now the gold standard and snapchat is on the leading edge but as fast as snapchat innovates facebook stir is exhausted after a day of watching from the front row as fashion models struck the runway thanks to her family's reality show she's the verge of its own public reckoning it won't just have to fight snapchat it's about to get a gut bunch from public opinion dude we're about to go public the pair place their index fingers on the Buzzer tell your friends how to subscribe there's another way you can support us just answer a short survey at wondering dot com slash survey and as always don't forget to tell us what business worcester we're not just a social media company where Camera Company facebook is in our competition and we're more like a google the cover art you'll also see some offers mar sponsors and you can support our show by supporting them we hope you will if you like what you've heard it would be awesome if you could give us a five star rating so you'd like to hear a quick note about the conversations in this episode we can't know exactly what was said but this dial on is based on our best research I'm your host David Brown Natalie we live in a fast paced rapidly changing world new ideas are coming at you every day from every from wondering this is business wars if you like this episode please subscribe on Aroma wrote this story Karen Low is our senior producer and editor Emily Frost edited the story our editor and producer is jenny lower beckmann sound design by Kyle Randall for Action Business Science Health and culture or all on the march towards the future and no one is sure what's coming but we've got some good guesses from wandry doc exchanger covered in yellow in their honor to their right is a huge American flag behind them the words snap INC are spelled out in black legendary thought leaders Malcolm Glad Will Susan Cain Daniel Pink or Adam grant to discuss their favourite new ideas ideas that have the power to change the way you were the area sound our executive producer is

facebook Evan Spiegel Snapchat instagram Bobby Murphy Ecksteen Zuckerberg Google Kylie Jenner New York City Murphy Luke Spiegel Murphy Westin hotels Venice Palo Alto Venice Beach Jarvis Harry Potter Eric Schmidt Sean
Facebook vs Snapchat  - Snapchats Comeback | 6

Business Wars

31:00 min | 1 year ago

Facebook vs Snapchat - Snapchats Comeback | 6

"June twenty eighteen men park mark Zuckerberg standing in a giant meeting space staring out at fifty of his top managers they're not in high spirits chatting amiably is with me is out a ripple of Adrenalin shoots through the executives Zuckerberg has been reshuffling top executives giving himself even more power his wrath means they will need to buck up or find another home the company can't afford another scandal is to be more secure you need to fix these things and you need to do it faster much faster then he looks pointedly but he's been forced to face reality facebook has been manipulated again and again for nefarious purposes with grave consequences now sure users are furious with us he pauses and looks around the room so from now on things are going to change around here I'm going to act quicker and you need to do the same. He starts pacing user growth is slowing the platform now he wants to fix it the last thing he wants is to make another trip to Capitol Hill but if Zuckerberg thinks he's seen the worst book we really messed up how we handled all these criticisms from now on we need to act quickly anyone who doesn't agree Cheryl Sandberg Sandberg in charge of the teams that handle communications and policy she holds his gaze for a moment then looks down downplayed fake news in its reach on facebook then he failed to acknowledge the extent of the Cambridge analytic a breach or do enough to stop it burgas feeling the heat and he's about to issue some ultimatums facebook is at war during times of peace. CEO's can move Cheryl your team was responsible for the Cambridge Analytica fiasco you should have assigned more resources to make sure that kind of content didn't make it interface you sucker. Berg is having a personal reckoning he's been in denial hiding from the truth rather than addressing ahead on first he Hema failed to stop it public trust is at an all time low now lawmakers want to regulate US investors are concerned about our future firm accessed eighty-seven million facebook profiles without users permission and mine the data for targeted political ads the social media but up's reader's like you and me make a little more sense of what's going on in the world around us and it's been doing that for over one hundred and seventy years I started reading the Economist is a weekly magazine offers inside an opinion on international and US News Politics Business Finance Science Technology Arts and the environment it learn something to opening myself up to learning more about the world is one of the reasons that I listened to my favorite podcasts and it's also why I love reading the Economist he's wrong here at business wars we make shows that we hope entertain you but we'd love it if you holy and ensure that everyone is on board but right now we're under siege the Cambridge analytic scandal has shaken the company to its core the economist twenty five years ago when I noticed it had a sense of humor and a breadth of subject matter in depth of coverage that no one else had no one else has today where else can you find music mainstream and a law banning extramarital sex You may not have heard about that last one unless you've been reading the Economist Look The economist is the smart guy in place smart thoroughly researched and compellingly written stories about say why Russia is ambivalent about climate change how the late Rick O. Kasich took new way forces changing our world and right now you can get a free copy for your free print copy of the economist just text business wars all one word to nine nine zero zero zero again that's a free print copy of the economist and all you have to do is text business wars all one word to nine nine zero rose zero zero from wondering I'm David Brown and this is business the growth the seemingly unending negative press has taken a toll now Zuckerberg must explain his recovery plan to investors quarterly results they're not good facebook missed its revenue targets and growth is slowing the platform has reached two point who billion monthly users now user acquisition over last quarter has only edged up a little over one percent it marks the company's slowest ever mercilessly copied by facebook but facebook got its own crisis brewing on July twenty fifth twenty eighteen facebook announces his early independently but that's been changing over the last six months tension between Zuckerberg and the Instagram co-founders has been building the public but privately he still believes data is key to his business and he has not given up on mining it we're very sensitive about protecting our users data Zuckerberg doesn't want to hear it I understand that but this is not negotiable we even more he tries to sweeten them up before making his pitch he knows it'll be a hard sell I'm really happy with how instagram's right to copy snapchat Zuckerberg pauses and looks at each of them intently. There's something else i WanNa talk with you about doing thank you we've now got more than four hundred million users on instagram stories that's more than facebook stories that's a tacit acknowledgement that Zuckerberg was he hops on a call with analysts we're getting rid of the financial incentives for sandwich decreed fake news much of which is economically motivated able to target them even better with ads it's exactly what they feared I'm sorry mark but I don't think we can do that. We will continue to Invest Heavily Insecurity and privacy things we ever responsibility to keep people say but I've sat on House call now in our last episode snapchat stock price went into a tailspin as the company lost users and was we're investing so much insecurity that it will significantly impact our profitability. We're starting to see that this quarter at least that's what Zuckerberg is telling they don't like where this is going right I'm on Instagram to share the location data of instagram users with facebook that way we'll be I was in other words we're handling the fake news problem but he needs to go further to assuage their fears looking ahead everyone watches as they leave the room the next day Zuckerberg gets a message it system in Krieger they're resigning oh how important data is to facebook the more data we have the better targeted we can make our ads in the more we can charge advertisers sister been Krieger look at each other Zuckerberg is going to get his way even if it means forcing out anyone who stands in his path and that includes company founder Louis Zuckerberg system and Krieger built instagram on their own but Zuckerberg wants tighter control and he's about to demand prince room for a meeting with Instagram co-founders Kevin System and Mike Krieger facebook bought instagram in twenty twelve and system and Krieger continued to run it you're the view as Vija lets users check what bits of information other people can see about them ironically it was introduced to give users more control look at each other they stand up and shake Zuckerberg's hand barely holding I contact will be in touch some facebook accounts were compromised compromised how hackers were able to take over users account how many if do not want to share data period given everything that's happened with Cambridge Analytica I can't believe you'd even ask US Zuckerberg stares them down one of system and Kruger's top honchos was pulled over to work on facebook and facebook appoint a new head of product at Instagram Adam massery facebook veteran eighty million the blood drains from Zuckerberg's face this news could not have come at a worse time facebook has been back it keeps reorganizing the security team to try and improve things but that makes it harder for them to get any work done then on November fourteenth need location data to target our ads and ads are the core of our business for system and Krieger this is the last straw we attard on every side for its data breaches and now this how do they get in they exploited to bugs in the USB to instagram's co-founders this seems like an insane demand one that risks the very integrity of their company but Zuckerberg won't take the New York Times publishes an explosive investigation in it the Times reveals that facebook paid a consulting firm called definers public affairs yeah and there's more bad news Zuckerberg opens another message it's from the head of Security Zach we found something look after that report comes out facebook stock plummets nine percent to just over one hundred and thirty dollars in the coming days it's a mess Zuckerberg later learns that only thirty million accounts were compromised not fifty million but that's hardly a relief no for an answer this wasn't a request he wasn't order we're doing this with four without you system in Krieger get in touch with the FBI and Cheryl we're going to need to tell the press okay we need to get out in front of this acted and we've been investing heavily insecurity we're turning things around Zuckerberg calls another employee it seems like every in September two thousand eighteen the instagram office on facebook's Menlo Park campus Zuckerberg sits down in a glass walled con in the New York Times Zuckerberg has major issues within his own ranks and it's not long before to hesitate to fire employees who speak to the times or any other publication for that matter the next day news of the meeting is printed facebook's engineers get to work fixing the bugs politicians are already calling for facebook to be regulated so rather than try to hide the problem as he questions almost immediately it gets heavy I have to ask what we all WanNa know did facebook try to cover up the Cambridge and had have in the past Zuckerberg decides to involve the feds early to fend off the criticism he knows is coming he called Sheryl Sandberg and tells her other scandal breaks company is getting hit rapid fire by December Zuckerberg faces another privacy failure. This time it's a bugged the damage is done Morale Company sinks lower and lower employees are upset by the constant bad press Zuckerberg modify to read write and even delete users messages facebook users are furious is this the final Straw Zuckerberg knows he has to speak up so two days after facebook breaks ties with definers he holds a Friday afternoon all hands meeting Oh on September twenty eighth facebook summons reporters for a call Zuckerberg takes a deep breath and lays out the news time we have a private meeting someone goes and tells the New York Times about it is anything being done to stop employees who leak information to the press we're not stop pages that repeatedly spread false information from buying ads and we also use IDA prevents fake accounts to generate a lot of the problematic content from ever being created in the tactics the sucker Berg response to the expose by cutting ties with definers of smearing opponents and playing dirty not a good I usually might instead they sit quietly there's a chill in the air facebook is in turmoil breach absolutely not the idea that facebook tried to cover it anything up is as soon as we learned something was wrong exposes the photographs of nearly seven million people just a few days after that they get hit with another bombshell on December eighteenth conduct opposition research on facebook critics the firm attack the critics portraying anti facebook group says funded by liberal billionaire George Soros among others in touch with law enforcement to help identify the attackers a well we don't yet know who is behind the attack and we're working to understand more details about what happened and who is responsible employee's are summoned to a cavernous auditorium multiple cameras film Sucker Bird Broadcasting into offices around the world he invites his employees to ask all over their privacy there's more they were able to use it other bugging birthday videos to steal access tokens which got them into the account four times publishes a report detailing how facebook works with other tech in media companies to foster goodwill with its partners facebook has allowed net flicks and and we will update you with more details when we have them the reality here is we face constant attacks from people who want to take over account for stealing formation and I'm glad we identified this one fixed the vulnerability and secured the accounts that may be at risk but we need to do more to prevent this from happening in the first place yeah aw investors are seeing red and pummel the stock price by the last day of trading in two thousand eighteen facebook stock is down more than twenty five compared to a year ago snapchat also had a bad year fans hated its redesign but even after the company rolled it back and you could eventually offer in game purchases to make money Spiegel is excited this is exactly the kind of idea snapchat needs facebook were smaller than instagram but the users we do have they love us we need to get back to those core users bobby black T. shirt and jeans he looks older tired from the years struggles but he has a plan yes we're smaller than who of our core users always been teenagers exactly back when it was just bobby in me our first users were teenagers it was wars that's net sweet dot com slash wars to download your free guide seven key strategies to grow your profits net sweet dot com lost the war business wars is brought to you by net suite one big problem a lot of growing businesses have as adults but maybe we aren't meant for everyone we need to get back to thinking about what teenagers like there's a pause he and Murphy are back to working as a team after butting heads over the redesign fiasco as always spiegel is dressed casually in an inexpensive snaps developers get to work this is their chance to reboot snapchat to do so they're gunning for facebook catering to the very eighteens who have abandoned facebook if they get it right they can turn around their ailing company if they don't they'll have high school students who started snapchat and fell in love with us we've been trying to appeal to a wider audience we tried the redesigned to make it easier to use values cybersecurity then it can survive in early two thousand Nineteen Spiegel calls a meeting of his head executives then Murphy offers thought teenagers love talking with her friends facebook is two one cool for teens but we can be the place teenager headaches by managing sales finance and accounting orders in HR instantly right from your desktop or phone that's why nets weeds the world's number one cloud snus system and right now net suite is offering valuable insights with free guide seven key strategies to grow your profits at nets we dot com slash fastest growing companies use net suite to manage their business and now it's available to you introducing net suite by Oracle the business management software that handle just hang out when I was a teenager I loved hanging out and playing video games yes exactly this is the kind of thing we need to be thinking about what if we had games integrated in snapchat like little iphone games you can play with your friends within the snapchat APP and could launch them by starting a group chat with your friends slash wars Monday dot com use the tool you've been waiting for to make not just Monday but every workday a lot more enjoyable it's every aspect of your business in an easy to use cloud platform giving you the visibility and control you need to grow with net sweet you save time money and unneeded podge of business systems you know they got one system for accounting one for sales and other for inventory it's an inefficient mess in a hurt the bottom line will thousands of the best known brand he management platform that not only helps you manage work and meet deadlines but also builds a culture of transparency so your team can work better together whether you're a team of two or thousands collaborating across the globe with Monday dot com you can manage all your core business activities in one place from high level roadmaps to specific day to day tasks and it's easy to use and fully customizable you can build a board from scratch or choose from a selection of templates tailor it to your team's workflow good check it out you'll see what I've seen that Monday dot COM is beautiful to look at and simple and intuitive to use it's amazing what your team will be able to accomplish when working together this easy so start your fourteen day free trial by going to Monday dot com slash VW. That's Monday dot com slash B w then use the Promo Code B W to get ten percent off a paid account Uh April twenty nineteen West Hollywood California this and CEO Evan Spiegel Spiegel strides on stage in front of a giant yellow screen even the wall behind him his painted communicative about what the company is working on so he's holding a one day event to introduce snaps new products to the world please welcome to the stage co founder is snaps I ever partner summit an invite only conference of key snapchat users from influencers to brands Spiegel's trying to be more or instagram in the United States the UK France Canada and Australia Spiegel begins the state of the Union welcome welcome everyone in the United States snapchat now reach nearly seventy five percent of all

facebook mark Zuckerberg Cheryl Sandberg Sandberg CEO Instagram Evan Spiegel Spiegel Cambridge Morale Company United States Spiegel Australia Spiegel Berg California Cambridge Analytica House Hollywood co founder partner sandwich
#151 Shadow Pokemon Are Taking Over Pokemon GO

Latest In Tech News

35:23 min | 1 year ago

#151 Shadow Pokemon Are Taking Over Pokemon GO

"Shadow POKEMON are taking over Polk Mongo and more come up on today's episode of Lay's intact news owls messed that up. I can't believe almost messed that up. Hey Gadget here. You're just in time for the latest episode of the world's only three months show on tech gadgets and gaming news that's right. This is glazed and Tech News. My name is Taylor American. If you're new here it that subscribe button right now so that you don't miss out on the latest that we have we do this on a daily daily so <hes> well make sure you stay informed or that and if you're listening via the podcast while be sure to head on over two podcast awards dot com and nominate this show for an award only if you feel justified net it should get an award. Obviously that's up to your determination but if you've been getting a lot of value out of this show you've been enjoying a digital segments though today in tech history segments the article that we've been covering by all means of would be greatly appreciated if you did nominate us for an award registration is free only takes a couple of minutes. They don't spam your account at all. A The nomination period ends at the end of July and then devoting slate opens up mid August and goes for about a month. We'll have more information about that as the slate rolls <unk> out so podcast awards dot com as always we review if possible be greatly appreciated and if you're watching today's show via Youtube Hey be sure to hit that lake button but only if you get to a part of the show that you actually like if you don't happen to like any the section at be sure to let me know down to comment section <hes> maybe what you would've liked if there had been an article on it or if I had talked about something or maybe if I had a dyed my hair blue and a shaved into a Mohawk you know suggestions are always welcome in comment section so feel free to go ahead and do that and well. What are you gonna be looking at today? In terms of stories well all our feature stories. We'll be taking a look at the update brought to Pokemon goat. Yes team rocket has landed in Shadow pokey Monir here interesting setup to go along with it whilst would be taking a look at the snap snares new users with a revamped android APP while taking look at interesting article that I thought one way to check that your chrome extensions are safe with the hubbub of worry going around of woolwich chrome extensions. Should I use which ones are safe because apparently millions of people have download some of them. I thought some of them are okay and then turn some of them. Turn out not to be in some of them have access information. I didn't know they had access to and some of them are just granting malware to be installed on my computer which is weird <unk>. Another one is just ads popping up all over the place for no random reason at all and you like what's going on here so we'll be taking a look at that whilst to be taking a look at a week of the upcoming iphone eleven eleven looks like we got three for and explain more in just a minute also be taking a look at U._P._S.. Forming forming a drone subsidiary as it's currently in work to launch a commercial drone in delivery program also be taking a look at the hottest phones for the next billion users aren't smartphones. I'll just leave you guessing until we get to that. Point and in Gaming News will be taking look at the While in under C. V. V._R.. Experience makes your living room a coral reef in finally we'll be taking a look at <unk>. We weren't supposed to be like taking a look at what's the pokemon go article like wait. I'm recovering. I so so with that out of the way. Did you know that well. I know this for a while. I I don't know if you knew it. Gold farming has been notoriously popular in developing countries Chinese prisoners according according to a report <hes> clocked out twelve hour shifts in order to make money for Chinese prisoners. They were kind of detained in <hes> it was estimated at one point. There were one hundred thousand thousand full-time gold farmers in China at one point in time. I bet it was mostly guaranteed behind the world of warcraft video game. I was quite familiar with it. I was like there are people who will run around enable farm gold for twelve or bored out of your Mind Lake please. In it was hilarious. It created this whole new like economy ecosystem in like blizzard crackdown on because of like what we can't have gold farming going on breaking terms of services stuff and the Chinese prisons were like but we need the money and then blizzard. Would we do <hes> very add conundrum. Here's the here's the funniest thing about all of that. A virtual currency goal that you can buy in world of warcraft is actually worth more than the currency. Eh in Venezuela should go to tell you something. Virtual in game currency high to a game is worth more than a currency that you would use in Venezuela. So in case you didn't know that well now you know all right welcome to today in tech history the segment where we take a look back on what happened on this day in history today is July Twenty Third Twenty nineteen on this day in nineteen thirty Daniel mccracken who wrote the first textbook on Fortran was born student of mathematics and chemistry industry mccracken started working in computers at General Electric in Nineteen fifty one training workers in using a new technology based on this teaching experience mccracken wrote several important computer programming textbooks most notably a guide to Fortran in programming in nineteen sixty one man now in case you're wondering in computer history now our programming history at least if you're a nerd enough to know your history mccracken back in Fortran kind of have meanings of their own with them and it's it's kind of interesting. I mean like if this none of this had happened. Computer programming languages wouldn't have progressed much further and and <hes> probably would have been done by somebody else but yeah mccracken was born on this day in nineteen thirty also honesty in nineteen eighty five the commodore Amiga was introduced reduced. It was the personal computer known as the Amiga one thousand or a one thousand featuring a multitasking windowed operating system color graphics in Stereo sound among other features head of its time. The AMIGA developed a loyal real user following that remains strong even as a P._C.. Market increasingly consolidated between the dominant I._B._M.. Compatible P._C.'s and Apple Macintosh computers in nineteen ninety four byte magazine would write the Amiga was so far ahead of it's time that almost nobody including counters marketing department could fully articulate what it was all about today. It's obvious the Amiga was the first multimedia computer but in those days it was derided as a game machine because few people grasp the importance of advanced graphics graphics sound and video and finally but not late now at all we used in nineteen. Oh three Ford sells its first model a car to Ernest Fending of Chicago Geico Illinois and I believe it's still on display to this day collector museum somewhere but yeah it's kind of important so I figured I mentioned that with that covering everything in this segment let's head on over to today's feature story all right well in case. You've been playing pokemon going wondering why are the pokey stops different in what's this team racket stuff in what are these shadow pokemon and purifying purifying in all that well. We got a complete guide how to catch an purify what the shadow pokemon are all about apparently team rocket has invaded pokemon go after weeks of teases the villainous trainers owners have begun appearing in <unk> mobile game following its latest update they come with shadow Pokemon intoe dark versions of monsters that feature glowing red eyes any sinister aura just as in game cubes pokemon calcium you can rescue <unk> shadow pokemon remind from their trainers in purify them but I you'll need to battle the invading team rocket grunts in defeat them while you need to find him and then defeat him in a POK Mon battle if you're unsure of where to record grunts are lurking are how to process exactly works well. Here's a handy guide to help you catch an purify. Show pokemon in Pokemon goes so first off. Where do you find team? Rocket knows groundswell. They're appearing around the world in Pokemon go but the villains aren't just hanging out anywhere they can only be found at certain pokey stops chiefs. Fortunately there are a few visual clues that indicate which steps have been taken over by team rocket. I the cube that denotes a pokey stop on overall map will twitch as though it were good itching out approach. One of these pokey styles in you notice noticed is a little bit discolored appearing black instead of its normal shade of light blue. That's your cue that a team rocket grunt is lurking at the stop. It's been it's photo disk in a rocket. Grunt will appear at present team rocky pokey stops are a rare our site so your ads of coming across slim when pokey stop. It's taken over by team rocket. It will only be for thirty minutes at a time so you have thirty minute window up but you do have a brief window to battle the villains. I end in order to battle them. Most likely win. You'll need to be at least level eight in order to encounter a team rocket polka style. So how do you catch them. While once you've encountered team rocket grunt at pokey stop they'll challenge you to a battle as previously mentioned each grunt will have a shadow pat pokemon mm on which is surrounded by <unk> dark aura defeat the rocky grunt in battle and they will leave their shadow pokemon behind giving you an opportunity to catch it so after at you've defeated them. It'll say oh you got a pokemon. Someone and you want to catch the ball optionals pop up you can select the ball or treats or whatever and throw it out and catch it now. Let's you caught the shadow pokemon and added it to your collection. You can choose to either keep it in its shadow state or purified this can be done by exchanging a certain amount of Stardust in candy from the POKEMON information screen last I checked it seems to be on average like two candies of the current Candy Pokemon and like two thousand stardust now although shadow pokemon. OAKMONT may look cooler. There are few benefits the purifying which is one of my questions that I had sorry have a tickle in my throat first purifying pokey mine 'cause it's base stats to increase pokemon will also require less Stardust in candy to power up and one of the moves they knew as shadow pokemon frustration will be replaced by the strong normal type attack return earn so there's those benefits air now I actually know what to look for when catching the shadow pokemon and a half thirty minute mental health hopefully here's my hope. Hopefully this goes on for a while not like it's like a a little one off like one week or two week or or maybe even like a month long of thing I would like to see the three main in the game <unk> longer than that like give it the three months give it three or four months because then you can sample and you can actually get your shadow pokemon. You can do your battles. GET UPDATES now. Find it a little bit more enjoyable instead of just saying oh it's it's community day. You have three hours to get more candies and catch more pokemon now Mike. I'm busy watching a movie for the next three hours. Stupid Pokemon go up snapped my phone and a half so that's my thoughts on it at least as always if you guys are interested in this article or any of the other articles that we cover are in today's show be sure it had over two tech news gadget dot net as always also all you can always leave your comments. There greatly appreciated. You heard my comments who you might go. Let's super okay. Let's get onto next door before I lose it. All right so next up. Snap is well getting some you new users with a revamped android APP APP there now boasting two hundred three million daily active users just quite impressive snap the parent company of the messaging APP Snapchat said Tuesday that it's daily active user base grew seven percent in two hundred and three million in the second quarter suggesting the company will seen success with its revamped ANDROID APP in boy needed a little bit of a revamping as an increase of thirteen million from nine hundred ninety daily active users. The company reported in the first quarter one hundred ninety million previous quarter snap C._E._o.. Evan Spiegel during a call with analysts said that new snapchat lenses in augmented reality feature that allows people to distort their faces helped fuel user growth roll one popular filtered snapchat releases year allowed users to change their gender in photos. Well I saw it at on on facebook and snapchat knows actually kind of people are going around saying better as of women than a guy or I look better the guy than a woman in like wait actually disturbing one person of still a single individual that was following on the Internet. He was like man. I looked so good. Maybe maybe I should marry myself so I go the popularity of these lenses drew millions of people into our rebuild android application where they experienced the new and improved snapchat that lead to increased engagement Spiegel said the growth in users a user's is the biggest gain a company has had since the second quarter of two thousand sixteen so it's actually reason be excited happy about the almost got a nice Nice Chris. Ten Percent Increase compared to twenty sixteen snap has currently been grappling with challenges including putting executive turnover in with experiencing consecutive drops in daily active users growth has returned this year. They'll snaps user base is still smaller than those of Facebook Instagram TIC TAC in twitter in April the company updated snapchat android APP with a revamped camera and fewer bugs company also released new games original shows on snapchat in an effort to keep you this on a platform a little longer now the challenge is to convince those newly added users to stick around and continue to use snapchat on an ongoing basis as long as it continues to roll out compelling new features they will do just that so most of its growth in daily active users came from outside of North America in Europe snap is also reporting three hundred eighty eight million in revenue which was above the three hundred fifty nine point seven million net day had expected and as for stock the company stock is up more than eleven percent to sixteen fifty four a share in after hours trading so a good new through snap. I mean I'm still trying to wrap my head around it. I'm like okay for me personally. I know exactly how to use. It and you don't use it all that much because it's not really I don't know I don't exactly fit the mold for it but from a business business standpoint I'm still trying to figure that out like do we have a business one. How does that work and repulsiveness and the other thing all the questions that I have to go along with it so hopefully snap is working out great for you guys? I mean down in the comments section. Obviously toys slow and steady for me. I guess 'cause I'm still trying to figure it out to though there we go all right so now we move onto nice helpful guide. I guess there's one way to check that at your chrome. Extensions are safe while in light of the recent browser extension leak in bunch of other stuff going on with chrome add ons. You may have installed <hes>. Here's how you can do a check to see if the ads you may have installed or thinking of installing <hes> are any bad actors or one. You should probably not install or ones that are okay and you could probably install to do so I guess you use. A piece of lightweight software called chrome extension source viewer that can uncover potentially shady behaviors like the ability to execute remote code and <hes> before we get to the steps we should point out that this tool may not catch every dangerous dangerous browser extension data spe- add on's got away with widespread day to tracking by tricking Google and hiding your malicious activity possible others could to also tool might identify extensions that are completely fine. This is only one item in your security toolbag. Some due-diligence will still be required on your end to separate good extensions from bad ones but at least you'll have a better idea of what to look up so yes. It looks like you install. It is an extension source of your ad on opened chrome mhm webster page for each extension. You wish to check while on the chrome web store paid for an extension quick. Anna Chrome extension source viewer the C._R._X.. ICON next to the or Albar quickview source wait for the new page to load than find an open manifest that Jason file press f three or control F. to open a page search and look for unsafe hyphen evil while what does this mean the unsafe evil content security policy indicates that a particular extension can execute remote code that can be a security risk depending on what the extension is actually doing a big enough one to note that Mazzola doesn't allow firefights extensions Innis directory that are set up like this again. It doesn't necessarily mean an extension in operating <hes> they're gonNA steal your data or they're working in bad taste. However it does indicate that you might want to give that extension? More scrutiny searched web to see if there are any problematic reports about it. If you're going to dial down on a number of browser extensions you use which is a great security practice. It's might help you identify potential extensions that you really don't use all that much in can safely remove so with that there you go. Let's head on over to the next article. I got lined up for you all right so we've got some gadget news. I guess there as a trio of iphone releases set to release this fall. A new leaks are in this year. The company seems to be prepping a fresh trio of iphones. The new models will be powered by apple's Apple's eight thirteen chip in will still be equipped with lightning ports rather than U._S._B.. See The news comes from Guilherme Rambo at nine to five Mac with produce some reliable apple scoops in recent months. He cites people who have seen the sort the devices his and paired with the latest claims from apple supply chain it could be looking like a possible picture of what we can expect from Cook in crew later this fall the three models of what would likely be dubbed the iphone eleven are reportedly intended to replace the three iterations nations of the iphone Ten s that debuted last year replacement for the iphone tennis's internally known as d forty two on the D forty three will sub infra iphone tennis Max the n one four will replace <unk> expensive iphone iphone ten are the three models we'll have the same screen resolutions as the existing iphone ten as counterparts screen technologies will also be the same with the D Forty two forty three sporting o. l. e. v. retinas plays in the end mono for running a two x liquid retina display now the arrival of the eight thirteen chip will likely mark a step up in power for the apple devices chip engineering and architecture has been growing focus for the company so the double or triple quadruple is something out on the increase the number of operations per second from six hundred billion to five trillion and the eight twelve x systems on a chip in a twenty eighteen ipad pro delivered a watt better stats in two thousand seventeen and twenty six teen models of the macbook Pro and <hes> just rumors guesswork about the eighth thirteen but it seems that apple will want to keep pushing forever bigger and more impressive stats in this area also wanted more notable changes being reported for these phones a new type of tactic engine. We've heard that the engines codename is leap HAP- deke's but that's all about the inside available. Presently a half Dick's are expected to potentially replace Apple's three touch system cameras have also received a lot of attention engine from apple in recent years new model seem to come with another fresh batch of updates front camera on a device will add support for slow motion video capture at get this one hundred twenty frames per second in addition Bloomberg previously reported that a wide angle single image option was in development in that it will be unveiled on the D forty two model design wise it works as three separate cameras on the back of the phone all contained in a square the camera trio is being used for an option called smart frame which will capture more of an image image then appears in a framed area to offer more options for crapping in framing in both production nine to five Mac reports that extra information captured by wide-angle would be discarded after a grace period due to privacy concerns so with that well now they got a little bit more of a look at the what we're going to be looking at at the iphone eleven obviously if if you're apple fan boy you probably gonNA run out and buy the eleven anyways. You Probably GonNa have a step up but it's probably owing only going to be like a slight step up and then when a twelve comes out the following with the five G. and everything else you'll be like then you like punch down the door and then you can set up your tent for a month before the launch is actually released in and you can buy it in store and everybody can look at you weird and you'll be like what I'm here for the five G. phones loser. If you do like it get out they'll be like I'm trying to get in store. Dude you put your tent right in for the door and then he kicked down your tent and Y'all get mad and everything and then you know that's why you don't put your tent. Up in front of the apple store anyway. I'm probably GONNA get yelled at now for state and it's it's a funny joke I mean I don't understand why some people like to camp outside stores. I mean I understand the reason to it's just why do it when like most of the people are like yeah just order it online and then either a available in store for me to walk in in pick up 'cause it's mine. I preordered it as my name on it or it. It gets shipped right to my house directly. Don't even have the visit to store but you know people will be people and let's say make for entertaining news stories all right so moving on to some more news drone news that is U._p._S.. Looking to form a drone subsidiary as it works to launch commercial drone delivery programs so it's obviously really wants to get the drone delivery program in the air as it were logistics and shipping giant has also applied for the highly restricted part one thirty five air carrier certification which would allow for approved U._P._S.. Drones to fly over people at night and out of the operators line of sight certification would give U._p._S.. The highest the level of Federal Aviation Administration approval for drawn delivery operation in pave the way for U._P._S. to run one of the few commercial drone delivery programs in the U._S. U._P._S.. said that certification provable could come as early as is this year and it's quite exciting U._p._S.. Committed to using technology to transform the way we do business said Scott Price U._P._S.. Chief transformation in Strategy Officer U._P._S.'s formation of drone delivery company in application to begin regular operations under this level of certification is historic for U._P._S. for the drawn in logistics industries overall is definitely exciting news ultimately. They're aiming to use flight forward to drive growth via revenue generating deliveries for instance U._p._S. is currently participating in a drone delivery retest program. That's transporting medical samples throughout the hospital. In North Carolina the part one thirty five certification would enable U._P._S. to expand that program to more health care networks interested in similar services so for those of you who don't know in the U._S.. There are some stringent regulatory restrictions that are currently hampering the roll out of commercial drone delivery programs in April the F._A._A.. Gave Alphabet owned wing the green light to begin commercial drawn deliveries by granting it the part one thirty five air carrier certification that allows it to bypass certain drawn regulations meanwhile Amazon announced in June a new commercial delivery drawn that it said would be delivering packages to customers within months. The new drawn marked a major milestone for Amazon Prime Air Program Graham which have developed more than two dozen drone designs since its inception however unlike alphabet swing Amazon's F._A._A.. Clearance came in the form of an experimental air worthiness certificate that lets the company perform advanced testing of its Jones so I can guarantee you this based on this report alone probably come the end of the year in probably a little bit more often in twenty twenty in as the years go on we'll be hearing more about drawn drone delivery programs uh-huh more and more going on you know with Google having their wing program flying around with Amazon having their Amazon Prime Air Program going on now with U._p._S. and we'll we'll see more what comes out out of it <hes> obviously to keep in mind are going to be keeping things in check in terms of what they can and can't do and what happens when some idiot decides to shoot down a drone stuff like that 'cause stuff like that will happen but if you have all this stuff in place you'll figure it out as you go along and not you can't guarantee a perfect launch but but you can see is cost savings great new industry speedier service and you don't have to worry about a person dropping it off just have the drone. come fly in drop off panda go. It'll make things a lot easier moving forward all right. So did you know that the hottest phone thanks for the next billion users aren't smartphones at all get this first time Internet consumers are connecting to the web on a new breed of devices costing just twenty five dollars the nets U._S. dollars. If you think I'm making this up so the hottest phones to the world's next billion users aren't made by Samsung or apple in fact they aren't even smartphones millions of first time Internet consumers from the Ivory Coast who India in Indonesia are connecting to the web on on a new breed of devices that cost about twenty five bucks gadgets look like the inexpensive Nokia Corp phones that were big about two decades ago and you know those quite well but these hybrid phones fueled by inexpensive mobile data provide some basic apps in internet access in addition to calling and texting smartphone features as they are known are one of the mobile phone industry's fastest growing in lease known segments providing a simple way for some of the world's poorest people to enter the Internet economy wild global smartphone sales began sliding last year as markets became saturated smart feature phone shipments tripled to around seventy five million from twenty seventeen according to research firm counterpoint some eighty four million are likely to be shipped dipped this year even as rich nations start to roll off five technology some three point four billion people around the world remained cut off from the Internet according to we are social another research firm most of them already used traditional unconnected mobile phones meaning. They can easily make the. Transition to similarly shaped devices capable of high speed web connections wider this is mainly in countries like India China. Take the case of Kamlesh Kumar who makes about eighty dollars a month selling mangos avocados in light cheese. She's off the sidewalk in New Delhi two years ago to thirty five year old decided to replace his inexpensive mobile phone that lacked web access. He couldn't afford even cheapest barebones smartphone that cost around one hundred bucks so he paid about twenty bucks for a smart feature feature phone. Call the deal phone from Indian mobile operator Reliance Jio Infocomm Limited now he listens to Bollywood music on a job using Google buil built invoice assistant to search for hindi-language tunes on Youtube and night his family crowds around a device device to watch movies. I couldn't do anything on my old phone. He said and get this. Mr Kumar pays less than two dollars in fifty cents a month for all the mobile data. He needs smart. Feature phones aren't only inexpensive but they also have physical keypads ads are less intimidating than touch screens for those new to the technology meanwhile the batteries last for days a bones in places where electricity is unreliable. Now here's a trade off for the lower price. The devices typically have slower lower and less powerful components using basic cameras screens are usually only just a few inches in size it in we know here in in countries that have moved well into five jeep mobile smartphone connected technology exactly how it all started out really picks slee really grainy not really much onto phone wasn't really that big of a screen there are also fewer APPs available for smart feature phones now. Here's what's interesting to demand for reliable and affordable technology continues to rise around the world said Caesar SENGUPTA vice president of Google's next billion users initiative smart feature phones provide a gateway for the next billion users to more advanced affordable technology is really work. It's really exciting because you see if you can get more people in Indian and Chinese and Asian countries have that three point four billion people connected in everybody will be connected to the Internet white impressive. Even if it isn't the fastest they'll be connected Youtube facebook. Get it simple stuff. We're spoiled here now. You know where it's going. Now you know struggles at Samsung and apple are dealing with. I kept saying you guys can have this problem sooner sooner or later somebody's making a jump on it and making lots of money at at the same time making money in a good way by the way I mean if your business you're going to be making a profit but it's the better the people who buy it so. I'm excited for them for that last year. We got today as well. Air Is an undersea experience in V._R.. That turns your living room to a coral reef. If you're looking at the photo right now is that a wall in a living room and there's like this cutout and you can see like fishing stuff yeah YouTube dot com slash Tech News. If you WANNA watch today's video magically studios plans to debut a new you experience for the magic leap a are headset at siggraph next week the studios promised at undersea will transform your living room into a Serene Photo Realistic Coral Reef magically studios the company's Internal Development Studio fully reveal undersea next week undersea a room scale spatial computing experience through which users can relax inn observe underwater life in a dynamically generated coral reef bio distinct visas increase creatures presented in a a photo real art style provide an opportunity to feel a sense of presence in connection between the creatures the environment and the user the company says about the experience. I guess they have a video that goes along with it the V._p.. Production goes on to talk about some stuff tough magically studios interesting the graphical fidelity of the experience saying that it's built on unreal engine in Vulcan three point one mobile for an experience which pushes the graphical boundaries of spatial computing and just looking at it Nice Ace magically studios has also developed experiences like create an interactive toy room like sandbox for magic leap though it has a cartoonish art direction compared to what undersea is striving for in many cases Ambien content which is always happening around you you as opposed to game like experiences that have distinct starting stopping points is a great fit for a are now. It's clear how undersea could really fit the bill here along with the Magic Charter of magically by turning your ordinary living living room into something ever-changing alive and aware of you though the studio hasn't revealed much about how the experience would work just yet could be a lot of fun if the undersea creatures acted a little bit like virtual pets once you gain trust by tempting them with food of course in any can have a new pedder Nanno new new pet something like that yeah at siggraph debut. The company says it'll be digging into the development process of undersea to help third party developers learn more about building a our our experiences <unk> weep. It's not clear yet when experience will actually be released publicly but I hope soon because this looks nice. I mean look this looks looks very watery an opening and everything that goes on on with it and if you just all you do is you put a headset on and you're looking at this stuff and it's happening around you in your living room and real-time awesome all the more for it and with that that wraps up this episode of the latest Tech News thanks for tuning in guys new episodes every weekday lacing tech news can be found on every major platform including apple spotify Google Youtube stitcher overcast and more now. If you enjoyed this episode we sorta let us know by clicking that button and by leaving a comment.

apple Google Youtube POKEMON facebook U._P._S. Samsung Evan Spiegel Daniel mccracken Polk Mongo Amazon China Venezuela Mac Grunt
Snap VP of Content Nick Bell

Recode Media with Peter Kafka

43:59 min | 2 years ago

Snap VP of Content Nick Bell

"Today's show is brought to you by Zip Recruiter. The presenting sponsor of Recode media. Ziprecruiter's powerful technology finds people with the right experience for your job and actively invites them to apply. So you get qualified candidates fast. And now our listeners can try it for free at ZipRecruiter dot com slash Peter today show is brought to you by Hilton restaurant room service. What would the boss do either way the boss would choose Hilton hotels and resorts to get down to business and the little pleasure checkout Hilton hotels and resorts and travel like the boss? This is Rico media from the vox media podcast network. I'm curt Wagner in for Peter Kaka in today, we're going to play an interview I did in southern California recently with Nick bell, the vice president of content at snap. That means view Snapchat. You've probably seen his work inside. The discover section of the app where there are shows and media partnerships and all of the professional content that snaps media partners create and put inside the app. So here's the interview Nick bell. We hope you enjoy. Nick. Thank you so much for joining Recode media. I'm with Nick bell from Snapchat, the VP of content. I believe is your formal title. That is my formal title is good to be with you. Thank you for being here. This is my first time just mentioned to you is my first time at this office. I found an interested in two ways number one. It was it felt very industrial from the outside. Unlike the Venice beach or walk situation, you guys had at the old place. But then the inside could actually see people working on. I came to see snap a few years ago. I wasn't even allowed past the lobby. So it's like an open workspace you here, you probably going to get me in trouble. I don't know whether allowed on this flow. I'm glad that I have you as an escort because that helps a lot. So thanks for being here. We have a ton that I want to talk to you about as VP of content that basically means are all let you kind of describe it. I kind of think of you as over seeing everything that's not created by a snap user. So shows and stories and things that are in. Discover like is that pretty much where you've close close everything to the right of the camera dot is your friend content. So we we use it him internally as non friend content. But also includes a story content, which is created by the community, which we curate nervously oversee that curation as well. I want to talk about all that. But actually wanna talk a little bit about you. I and just kind of your path to snap. Because I heard an interview that you did I think it was a year ago or so in Europe, and you and you sold the company when you were sixteen years old I did for a million dollars. I did. I mean, we we don't talk about how much we sold fold. But it was it was a substantial amount of money, and yeah. And a very substantial amount of money when you sixty liked to be in high school. I mean, let let's pretend it's anywhere in the ballpark of a million dollars. What's it like to be in high school, and and have something like that happen? It was crazy. You know, people say sold the business, and even I kind of cya sold the business. The reality was I sold a website. It wasn't actually generating any money at the time was the huge amount of money, if you affiliate links here and there in the early days befits, but yeah, it was a teenage website. I started to building websites back in the geo cities days, I became a huge fan of. The PlayStation, PlayStation, fist launched became obsessed with cheats, and hints and tips. And if you don't know whether it's the same in the US, but in the UK, you would buy these magazines and there were pretty expensive, and they often have a cheats and tips book touched. So I used to then go through those and kind of retype them on a geo cities page, and that kind of grew in grew in numbers from like two people a month to twenty people a month to one hundred people a month. And I kind loved watching that ticker at the bottom, go up and up. So we expanded it from just just games to be a ton of stuff for young people. So music movies that sort of thing, and it kept growing that ticker at the bottom just kept tending over. And then we go to the point. I remember being so proud and running down telling my mom one day when we reached a thousand people today, and from that kept growing, we started to do more and more deals we became the homepage for teenagers on BT internet, which was one of the big service providers in the UK and. That kind of really skyrocketed the traffic, and from that, we call attention of several people and finally is as I was nearing the end of my what we call a year in the UK, which is the exams. You do when you're sixteen got an offer and decided to go ahead sell the company, but was quite funny. One of the one of the terms of the deal was I could not sign the deal until I finish my last exam LA so not that I was not going to be distracted enough by this big big big deal going through. I think by felt about if they persuaded me to complete my exams be better than I do. You celebrate as a sixteen year old when you when you do something like that. I mean, I it's hard to imagine. Well, yeah. What do you? What do you do for me? It was it was interesting because later on in the process of sort of building the website, which was called team front dot com. I got my best friend involved as well. He wanted to be a journalist. I was kind of interested in super smart, exactly, exactly. He was not successful journalist, and I worked in shipping, but you know, never mind. But you want to be journalists that he was like really up for writing a lot of the content where I was kind of building the website and kind of hustling the deals alot. You know, the content was obviously where it started for me. So he became a big pot of the the deal, and my parents will also heavily involved in a huge support my family. My sister rope for the for the site. My mom was the agony aunt for the site. So is on swing you know questions for teenagers about sex sex, drugs and rock and roll on. Yeah. Under under under a pseudonym. But it was you know, it was it was it was it was pretty funny. So we actually went on celebrate as a family and with Robbie my best friend. I recently got married. He was my best, man. So that's a relationship. That's continued. And you know, I think I remember going out we had we had a Chinese meal, and we kind of celebrated like that. But it was at the time it it just felt like the start of something, you know. Honestly, I thought that you know, being able to achieve some of that sixteen as like, you know, expecting to be snapping the hills of Bill Gates by now if this was just the very stuff. Yeah. Instead, you're snapping at the heels. Evan spiegel. Exactly exactly you're getting there. So how did you meet Evan and start to work for snap? And he worked at News Corp for a while. Right. Yes. So after after team frontier, I went to work for the company that acquired us, and I was there for just over a year. I left school at sixteen. So I don't have any real formal education, which is just meant, you know. Although I'm not that old. I've been doing this for a long time on build another few startups. Exited. A couple of successfully I actually both team from Bach. And then built it a on running forbid Amon sold it again, albeit note for a huge mono- cash that time I went to the website couple of days ago. But it said it was up for sale you can buy it back. I maybe maybe that's the next move making. That's the next phase. But yeah, then then one of the the startups, I created was a company go quick TV and quick TV was built with the premise that online. Video was going to be big. We got that one right at the second kind of gas was that I should say is that this was not just going to be to the linear video, but it's communes rock tips. So you were going to be able to a little bit like with with the web, you can be able to click on things and do things and that was going to affect the course of the video. We're starting to see some of that come through. Actually, you know, it's interesting all these years later that was so I was probably ten eleven years ago. We raise quite a lot of money for for thought up. Raised a couple million dollars on. There was just a couple of us working on it. And unfortunately, we'd raise too much money that we had a bit of a lifeline. We couldn't get it to work, and we kept you know, he was banging my head against the brick wall. Every single day trying to make this work. One of the good things for me is that this guy co pulled cheeseburger who was a known exac, I'm for us at the time. And he was actually I'm the chief technology officer at new school. So after I finally kind of firm in the towel and admitted the interactive video was not quite ready for market yet. And he persuaded me to go and join him in London on run digital product by. And then I ended up after five or six years Milton us core in the US on working there. And as part of that part of that gig. I was I was lucky enough to where it very closely with Rupa, and I arranged a sort of digital summit from CS on your he hosts a digital summit there and in twenty at sought at very sort of two thousand fourteen the responsibility fell to me to arrange the summit for him. One of the speakers, we invited to this kind of closed room. Summit weather's like twenty or thirty. News corps. Exacts was Evan Spiegel. And you know, a long story short a couple of weeks later. I went to dinner with him in LA. He invited me to the office the next day. And I later found out. I was there for interviews. I didn't know that at the time. So I remember the first person I spoke to Emily whites kind of former CEO COO, it's not walked in. And she had my linked in profile printed. And then she started interviewing me, and I was so confused because I had no idea that I was actually that for interviews says the pitch I imagine that at some point. You know, obviously offered you a job in end convince you that it was a good idea to leave Rupert Murdoch. So what did they tell you? So I actually was pitching Evans. So when we went for dinner, I was pitching Evan on the fact that I thought snap should have premium content. It should have publisher content on there. And I was pitching on the news co Browns, as you know, my role time on over the course of dinner. I started kind of talking about the products, and you know, if you've spent time with Evan. There's nothing. He likes better than talking about product. And we just kind of sort of brainstorming. What this might look like, and he kind of stopped me and said, I don't have to do this. But I want to show you something. So he got his phone out. And he showed me daily prototype of discover. And then we spent the next hour critiquing it, and he said, wow, that's incredible. I you should come and see the office tomorrow. Then you know, I naively went to the office thing. He knows he's going to see the office and ended up leaving with quite literally leaving day after meeting five or six people with with an envelope with an offer and on then, HUD, the very difficult decision of whether to join this small company in Venice, which was like thirty people at the time just turned on big office from Google and Facebook, if you believe the news and and going join him to to help help setup premium content on snap and off to a lot of back and forth with my friends and family and talking about the opportunity I decided to to take the plunge and join. And you know, four and a half years later. I'm here. I was gonna say, yeah, you made it past the the four year, Mark. Where is feels like everybody in tech is like, you know, around that for your Mark is is is wins like eight people start thinking, I do want to talk about the content that that you just mentioned. I mean that is what discovers that's what you do every day. You guys have shows. You have our stories. I believe our live. What do you call stories? Yeah. Our story which basically compilations of post from users. You have kind of a I call them in additions. What are the magazine we call them publish stories stories what kind of works best in discover these days. I know you're obviously coming out with some new episodic shows what I guess where do you spend most of your time talking with publishers like, what are you encouraging them to create today? Yeah. And this this one more, which is actually live. So we we actually now have live streams on on on the platform as well. So livestream is being compiled. Post's about a live event or no video so live video streams, so we've just you know, we started early this year with the Olympics on worked for them DC on a kind of product that we we called moments that matter, but you know, we we jumped into the stream when Sean Sean white was about to win gold as he was about to end goal, though, when he was about to, you know, whatever they call in snowboarding when you when you jump off. But yeah. And then we've we've followed that more recently with you know, the Cavanaugh I'm case a couple of weeks ago and Trump's press conference the day before that. So you know, what we're finding that I'll use it have a real interest in what's going on at that moment. If if it's a big event and those are snippets rate. Just a couple minutes. Even the cavenaugh case was obviously a little bit longer. But we're we're experimenting with that. But to kind of go back to your original question, you know, for us. It's about trying to figure out the best way to super serve the intent of somebody that time. So, you know, we find that the kind of publishes stories where. They're short shop articles, and sort of hype official multimedia kind of stories magazine. Exactly. Like, a digital magazine. Those are great for people when they're on the go when you know, they go one or two minutes just to jump pain and find out what's happening. Find out. What's what's going on in whatever particular subject, they're interested west shows for us is more of a kind of lean back experience, which people are tend to be watching when they're at home, or or you know, when they've got a little bit more time, and that's more of a kind of lean back lean back. It's very interactive. But it's it's more of a kind of just entertain me experience. So we're really just trying to figure out the old comes down to what is the optimum mobile experience. And how do we present content to our audiences in the right way at the right time? And then help them find that stuff really easily. It's funny. You say lean back only because the length of those shows is is so short, it's, you know, forty five minutes and episode rights. So just the the whole notion on mobile of what lean back. Means versus television is so different. Right. And that's why I correct myself isn't there's no moments on mobile way, you'll lean back. I think it's actually the least forgiving medium out there. You know, you're constantly being distracted by an alerts. You know, a message you, you know, you constantly in an environment where there's other things going on and that for your either deeply immersed or you're out, and so, you know, from point of view creativity. That's that's both a blessing and a curse it's a blessing because it's allowed us to really develop this full Mata mobile on, you know, I think we're really leading the way that with what great mobile video looks like. And we believe in we we know from the dates that it's fundamentally new medium, but it's also a curse because like creatively. You can see when things on working. And it's it's it's a harsh reality at times. Today's show is brought to you by Hilton when you travel for work you stay by the airport or do you stay downtown? Take your clients out for dinner. Do you have room service? Should you pack your swimsuit? How do you answer these questions? Just ask yourself what with the boss? Do. Here's the answer of the boss would choose Hilton Hilton has modern meeting spaces, and amazing pools and everything else you need to get down to business and a little pleasure so checkout Hilton hotels and resorts and travel like a boss. Scientists Doria has his failed countless times. But from those failures medical invention was born from years of trial and error researching infectious diseases, Dr Zuhdi has helped to develop medicines that help treat HIV and hepatitis C for the next generation of inventors doctor has Dudas passion, coupled with her commitment to radical in the world's toughest diseases proves that failure is a teachable moment. Dari is just one of the many Merck. Scientists dedicated to inventing for life. See why we invent at Merck dot com slash inventing for life. We're back amid snap headquarters in L A. And with Nick bell is the VP of continents nap talking about kinda shows and things and discover you were just saying kind of about what works what doesn't work on mobile. You guys have been you know, arguably near the top. I whatever you want to say in terms of this vertical video stuff, what does work, and what doesn't work like what what have you found over the last couple of years. But the thing is interesting. It's actually the fifth unavo- Serie this week. Don't win. This is going out. So October thirteenth of the stories product on Snapchat. Okay. And if you think about the the kind of history, and the reason why I haven't I'm Bobby built the stories product. And it was it was prior to my time here, but they built it because people requesting assemble bun, and, you know, having Bobby it'd be really spammy if and people become lazy and just click the Samuels into everyone that you were friends, exactly. So rather than not be created the broadcast product, which is kind of the stories product. And I think what was fascinating about that is how to couple of fundamental differences to other products on the market. You know, first and foremost, it was chronologically ordered. So, you know, if you if you snapping all day, you would start with breakfast go through lunch and ended in and you would append to snap to the end every time you posted an and second of all it was just a really easy way to post things, and because because these stories disappeared and the morality people just felt very comfortable. It was it was kind of very relaxed and laid back. It wasn't you know, creatively people when kind of RN about whether they should post them into story. So it was a lot of content being posted to stories from from pretty early on in the products. Like, no pressure, right? The whole notion of lowering the bar of like what belongs exactly. And so what was incredible from us from Snapchat point of view. Is that? You know, Snapchat, as our audience started, really, creating the language of what mobile video looked like. So, you know, first and foremost, you take the really obvious. It was all voted cut, and it was all full screen, and then we'll Snapchat as we're doing would be whether you know, whether it was snapping with their friends or posting to that story. But I think the story piece became interesting because it was just became so mass so quickly. And so while people would do is they would add visual elements. So, you know, text and doodles initially, and you know, as the as it becomes more more sophisticated you cannot stick as facts, etc. Etc. And so they would add layers which would make things pop. So, you know, I think that became interesting about, you know, how do you actually tell something in a mono, which is really quick to get up to speed with? And the second thing, which I think was really interesting about mobile video is that because you had to hook people and keep them hooked every single small snap. That was appended was almost like its own beat. And so you know, I had. You know, a short beginning middle and end had some sort of payoff, and and it was straight to the point. So, you know, I I use the example if if we were filming this interview now Fatiha for movie, we probably have a beautiful aerial shot down the coast of LA, we'd come in on rails through the cop here at snap steady. Calm up to this office that would this meeting room that was sought in zoom in on us. If I was to snap car and say if you I would snap you and show that where the snap office. So I'd be straights. The point subject matter I and then context it's real easy to skip to Riley. If you if if I'm following you and you post them in your story, and I Ord literally to the Nessie top to control the pace. And and so the next point I was going to make his paces really, really important. You know, you have to keep people engaged in you know, as I said just before it's so unforgiving. So that if you don't keep people engaged, then people dropout. And so what we actually find found is that Snapchat has created the language mobile video. And so when we started to think about what premium content looked like on. Nap, and we launched the the discover products in January two thousand fifteen we started finding that short form video that was just taken from elsewhere in kind of slapped into one of these digital magazines wasn't performing very well on that full. We moved to a point where it was no longer letterbox everything had become vertically. And at that point. We started to really kind of double down and think about what gray mobile video looked like and we had a big head start and a kind of unparalled advantage that we already had, you know, all of these people creating all of this content who and so we had one hundred million people bless creating creating mobile video every single day. And they would teach us what was working, and they were doing a lot of the experimentation for us. It feels like you have a lot of high quality stuff on discover I have see. But at the same time, I don't find myself going there. And I'm just wondering that because I'm not your target demo is that because as someone who grew up with traditional TV, I'm used to seeing the wide screen and maybe. A little bit higher quality of of video like I guess who are you targeting? Discover and why why someone maybe like myself or my age group right around thirty nut necessarily go in there. So I'd say a couple of things we don't break it out. But a huge proportion of snap. China's visit discover every single day we do an a call right now. It is definitely thirteen to twenty four the target for the vast majority of the content on that. I think over time. Actually, you currently actively looking for to to go into new markets and target and you demos with with a wider range of content. I don't think the second thing is we added a lot of really high quality content over the past few years. And I think, you know, the next step for us is to identify those behaviors and and kind of super them. So you know, what what is it that you in particular wanna go to the page for and then how do we how do we organize the page to make that as efficient as effective you to find that content is quickly as possible. So I think you know, we started on that earlier this year with with the the the new design where is a four you section, which is basically Mickley ranked? There's a lot of big learnings coming out of that. And I think the next step for us with this cover is to take the take learnings from the four year ranking and start to make it. So that the page really super serves. Yes, it does feel at times I will say like a little cluttered. There's just so much stuff on there is that feedback. You get from. Other people's or is there a way to kind of organize it without necessarily an algorithm. But that's still kinda cleans it up for you. Yeah. I mean, definitely. And that is some in that, you know, we think about a lot how do you reduce the cognitive load when you go to page. How'd you introduce like simple, visual, hierarchy, etc? And don't forget we started off with twelve channels a couple years ago, these twelve beautifully clean sales on a page. Remember, you know, uses top into and kind of unblocks a package of content every single day. And I as we've grown, and as we've added more content. That's changed. And I think you know, we we go through these cycles. And then we learn a lot, and we we evolved. So I think you know, expect to see Moba. Yeah. You do have the way it's set up. Now is it looks like a magazine cover basically to kind of lured me in when I will say, I just I just told you there was a lot of high quality stuff on there. I also noticed. There's some stuff that seems like click Beatty to me like a lot of bikini photos. I was even just looking this morning. There was like a Kim. Mm Kardashian teaser. There was you know, sexiest selfish thing from from one of the publishers. And this is not something that I've just I've I've heard this from a lot of people who say, hey there. It's it feels kind of maybe dirty is the word at sometimes like do you care about that? How much do you are you aware of that? And what do you think of it? Well, if somebody uses up product all day every day. I certainly hope I see what a what a snapshot to see as well. You know, I think it's it's balanced, right? There's a lot of high quality content on there as well. From the legs of the Wall Street Journal, New York Times the economist. So I think people look at something, and they see what they want to see I think from all point of view is like we want to make sure that it's easy to navigate that page. And if you don't wanna see that stuff, you don't have to see that stuff, but we have so much high quality content on now that you know, we feel out there is something for everybody. We just got to get the right content to the right people at the right time. Does that stuff diminish the high quality stuff like if? I am looking at the Wall Street Journal. And I have a really thoughtful story about, you know, economics in China, but it's right next to the Daily Mail telling me to click on bikini photos, like, you know, there is this association this proximity association that that happens. So is that something you're you're worried about I think it will come down organization, and like, you know, if you go into to a newsstand, you know, in the apple which is where I I tend to go into them there. I love print. I came out a new score. I still love print magazines on newspapers which people are surprised that with my kind of digital huddle now. But I go into I go into a new stand. And you know, you have a wide range of magazines in the u U your is drawn, and he kind of walked towards the section your interested in an and therefore, you know, if you think if you're interested in home and garden, magazines, you go to that section and for all you care about, you know, you don't really notice anything else. So I think that's one of the things we need to do. You know, I think. The Daily Mail is the most popular news website in the world. I think you know, they the that content is highly entertaining and highly engaging and performs very very well. And you know, we love the team across the Daily Mail on. But it's, you know, it's popular content and Reno popular culture. And the reason why it's popular culture is because it is popular. And but that doesn't necessarily mean that you know, it's for everybody. And I think the most important thing for us is trying to provide a diet. I think you know, helping people learn about the world is something we had deeply about I mentioned earlier on the live streams with Cavanaugh. I mentioned, you know, the press conference with Trump, we think those things are really important. And I think the the thing that's really kind of haunting me is somebody who's is really interested in the world of news and politics is that all us also consuming that content huge numbers. You know? I think we talk Peter Hamby mentioned this last week when he was being interviewed in a panel. The Cavanaugh livestream was watched by four point three million people. That's. Huge number of young people who would shooting into something which you know, is fundamental in the the willed of in the world of current affairs. And you know that gives me a lot of hot as well. Yeah. I think I don't know if you specifically or Evan or maybe Peter, but you've talked about almost like a responsibility, the fact that you have thirteen to twenty four is kind of your target demo saying, hey, they're probably not going to get their news from the will, you know, the same sites that maybe older people are going to so snap has a an opportunity to teach them about politics with Peter Hamby show, or whatever like how much do you think of this as a responsibility versus an opportunity. I think I think the two really tightly combined here, right? You know, good luck America was the fish. We have created that was created in advance of the two thousand sixteen election to try and help educate people, but more, you know, and the name just turned out to be pretty fitting with everything that's going on since then. So you know, that shows continued running we're. Excited to show into the two thousand sixteen in sorry into the the twenty thousand mid tense. We also have launched what I believe is the biggest young person's new show in in the country now with stay tuned, which is, you know, produced by NBC news, shoes popular reaches over five million people a day has very high loyalty, and you know, nothing makes me kind of proud or if you like, and when I meet people, and they tell me that the they were dinner around the dinner table, family dinner, and that kids are starting to chip in on some that's happening in the news like thirteen fourteen years old. How do you know that so found out about it on Snapchat? And you know, that's that's always great for me to hear. I think you know, we informing people about what's going on in the world is so important. And it's definitely a big pot of the thing that I'm driving here is now, I think what's been somewhat interesting to me is that you you keep announcing partnerships, and you have these new kind of episodic shows coming serialized. Shows is I think how they're being described kind of original content. There's you mentioned NBC is partners. Like, you have big partners ESPN, I feel like discover should make more money, quite frankly. And I know you don't break it out necessarily. But like the company is is losing a lot of money. And I know this is just one element of that. But how do you grow all of this into an actual business? What is keeping you from? I guess, you know, making this twice as big as it is today. You know, we all growing really quickly. I mean, if you a financial of public now, and if you look at the growth that we've had over the last three years be huge. I think you know, we we've had a lot of things going on that to to improve the out products and building out the ad tech stock, but, you know, don't forget that we launched the first odds when we launched discover very alien two thousand fifteen I'm, but really, you know, didn't didn't launch a proper odd product till the middle of that. Yeah. So we're a few years into this, and you know, rapidly growing, and I think. For me. It's about driving the engagement. That's what I'm really focused on. And you know, if you look at time spent with premium video since the start of this year, it's almost tripled. So, you know, there's a huge demand for it from an audience with figuring out how to do it. You know, we're trying to crack the code, and I think we've really close to cracking the code, and what great mobile video looks like in a in a very reputable way, you know, I think we we've had some standout hits them. You know, the general quality is getting better and better, and we're we're getting better at working with partners on that. So we keep driving that engagement. You know, I think our our products are really solid that starting to drive a lot of value for our advertisers. We hear that more and more the return on investment from appetizers is is something that is, you know, an every an everyday thing for the people that are on the platform. I think that's so powerful, and I think combining huge audiences with great engagement and an odd product that really works for for advertisers. You know is is a formula that will we'll just keep getting better. And better have you thought about subscriptions at all? I came from a business that was based around subscriptions, right? You know? And I helped launch the times of London. I call it a pay. Well, now that I don't work that pale was a negative to him. I think I can't remember what we called it. But that's pretty standard. It is right saying, but we try to avoid that to you know, the Wall Street Journal, obviously was is a big subscription business. You know, the the FOX side of the business was all about affiliate fees, etc. So, you know, I I came from that world, I think it's really interesting to see some of the sort of more industry-led publications have great success. And I think, you know, going forward, I think there is a world where a lot of consumer entertainment. We'll be as well. We're already seeing that with Spotify with Netflix, Hulu and cetera. I think I think there is there is a willed without becomes really interesting. It's not something. We're looking at right now, it's not something that you know, we we're we're considering a working on. But I can see a willed in the future weather becomes the norm. I think the still a lot of friction involved with subscription, right? And I think that's what's interesting. About, you know, the acquisitions that, oh, the on the merges, and the the the big sort of congress as being formed with the likes Verizon, and AT, and T, etc. You've got you've got the pipes. Oh, you know, the the wireless connectivity with devices, and then you have a large sort of content operation as well. And I think actually being able to build people for content in a really friction lists ways is important. You know, I was driving through a couple of weeks ago. And I passed like four or five billboards in a row, and it was telling me about every network that I was positive was the fastest. And like, you know as a consumer that. I just you know, I'm so confused by that. So how do you differentiate, you know, I think the the race to the bottom on price is not a healthy one. So I think telcos differentiating by continent for makes a lot of sense. And I I could see that being a viable business in the future. I don't know how how big of a challenge I would be with your target demo to I just don't know, you would probably know better than I have thirteen to twenty four year olds are willing to spend money for this kind of content. Or if they just say, oh, well, if snaps gonna charge me, I'm gonna go somewhere else. Yeah. I think we're already seems when that flexing Spotify. I mean, we're the uptake thirteen fourteen fifteen year olds net fixing pies, huge that probably not paying for it directly. If they are. It's probably, you know, actually, a pattern that mom and dad, and I again, I think that's why that's why the telco could come in and really help with that. If you're a thirteen or fourteen year old and you'll going into into a store to to pick a mobile for the first time, and you're choosing the the package that you want in the differentiate by content that could become interesting. So I think that's a wait and see. But you know, I think it's it's definitely too premature Snapchat to start charging people for coming. Okay. I'm going to send it back for one more address. And then we will be back. Today's show is brought to you by ZipRecruiter. Which is the presenting sponsor of Recode media. Thank yous it recruiter. You know, what's not smart buying all your music on eight track? Who would do that? You know, what is smart using ZipRecruiter to hire for your business? Ziprecruiter doesn't depend on candidates finding you it finds them for you their powerful. Technology scans thousands of resumes to identify people with the right, skills education and experience for your job. And actively invites them to apply. So you get qualified candidates fast. Ziprecruiter's spotlight the top candidates for your job. So you never miss out on a great match. That's why ZipRecruiter is rated number one by employers in the US who rates the number one. Trust pilot. They raided hiring sites with more than one thousand reviews. That's who ZipRecruiter is these smartest way to hire. Now, our listeners can try it for free at ZipRecruiter dot com slash Peter. That's ZipRecruiter dot com slash Peter. Okay. And we're back one last time with Nick bell from Snapchat one industry question. And then I wanna ask you about snap more broadly industry. What do you think of TV I g TV is? That's a good question. I've not found anything on the which is compelling that. I wanna keep going back full. I was excited about the concept of it. When we were hearing about it through the industry before launched because you know, the mole that can be done to really push forward. Great mobile video the better. So for me, it's still awaiting see. So it wasn't a you didn't see that as a direct threat to discover. Seems pretty I mean to me as an outsider, it seems like a pretty clear, like direct competitor. When I when I heard about it. I did when I seen it. I don't I just you know, I don't think they're really trying to push forward. The the the kind of quality bar mobile video in the same way that we are on you know, I've not seen anything on the today, which as I said is really compelling. It's gonna keep coming back. It seems like a pretty broad kind of spray of content right now. It's clearly much more creator focused. I feel like you guys tend to work with maybe the larger media companies and brands they're they're working with creators. That's kind of always been a knock on snap. Actually is that you didn't work with crew creators early enough or you haven't done enough. Do you have any regrets about how you guys have handled kind of the creator community definitely no regrets? But it is something that we've been leaning into a law recently to try and understand. And I think you know, we've started to get much better grip of what? Hey, create is once and how we build sort of sustainable, long term ecosystem full them. And I think what what I really like is the the kind of the the will divine. Did this really, well, I think, you know, again to to kind of call out YouTube at this really, well, I mean there was it was a generation of YouTube is created right? And these people who are creating actually really high quality compelling content. And I think for me that is something that we look at them. We think about you know, is there a way to kind of really help grow pot of our ecosystem, we've obviously got the celebrity stories which doing credibly well, but celebrity stories from only interested really interesting occasionally, or if you're really interested in that celebrity that kind of virus the element of, you know, getting on a private plane, and you know, walking up the steps to the stage for concert or presentational. Some are interesting if you like that person then once in a while something amazing will happen in that business life that everyone has about. But I think actually what I'm kind of more interested in right now is is how do you call out a segment of for, you know, content creators who producing really compelling compelling storytelling around pretty broad subjects in the same way that media companies today doing, and I think that we see that as a big unity. Yeah. I have a million more questions, but I do need. I wanna ask you about snap. More broadly before we run out of time. It feels again from the outside. We've seen a lot of people leave kind of in the executive ranks. I'm curious can you give us a sense of kind of what's going on right now? I mean, it's been has been it's been a year and a half. I guess since the IPO, you know, the stock is not doing very well. I don't think that's any surprise. I mean, what what from you from your seat on the inside. What is happening right now inside the company, I think with with growing from being a start up to a real business, right? And. An at times, that's tough. And it's you know, it can be it can be embarrassing at times as you kind of mature. I mean, I remember growing up as a teenager, and the things that you do that, you know, you're stupid and no proud of. But you come out stronger for the other side, and it kind of feels to me a little bit with snap light. We we've gone through that a little bit on, you know, I think as we come out of the this year, we're going into, you know, Q former going into twenty nineteen in a in a really strong position. We've you you talk about the executive highs out of left. I think we're really excited about the some of the executive highs joined as well. You know, Tim's join Tim stone joins us medicine or Jerry hunter joins us from Amazon as well that just two examples, you know, if you go back through and look at the the the kind of executive team that Evans formed here, I think every year it's called stronger and stronger, and you know, I'm really proud to be a part of that team. And I'm also, you know, really excited 'cause I'm learning a lot from these. People as well. You know, I think it's it's been well publicized that, you know, Amazon is a business which is incredibly well run, and Tim Tim, and Jerry, Tom and Jerry dome, don't use them, Tim and Jerry coming through from from Amazon and bringing, you know, the the kind of six page document, and the the the kind of strategic planning process, and, you know, a lot of the operational excellence is is great for me to lend from you know, island a lot of that when I was at news. But it's I I think just seeing it from a slightly different angle was fascinating. And you know, I think the team would building snap it continues to get better and better year on you. And as I said, I'm excited to be a part of that. Yeah. I mentioned at the very beginning. You've been you've crossed that for your threshold new plan stick around for a while the four threshold interest in everyone talks about that. I'm your best, man. Money and they're ready to try something. I know but not everyone is he had just for the stock. And you know, if if you get to the end of the four years, and you'll still being successful than I, you know, I think the general understanding is that you get additional ground success the foyer irrelevant, I will be it's not as long as I feel super excited about the company and as long as I feel super excited about what I'm doing day today. And right now, you know, we've talked about some of that stuff today right now, I'm having a blast. And I'm excited about this stuff launching towards end of this year super excited. Okay. And. Two more questions. No, one likes to talk about this following the stock price of a publicly traded company when you work at it. But it's also kind of makes a lot of noise. People like myself can't stop talking about it. How do you do? Do you follow? I assume you follow the stock price. But how do you kind of ignore that or or not let it creep into your day to day, or or do you this things I initially I would look at the stock price regularly. I think over time you realize that, you know, it's it's a weird kind of voting machine karma who said that who said the the quote about voting machine versus away machine. But you kind of understand that. That's true. Right. This, you know, people have people making assumptions on all business, unless unless the writing reports, and you start to read these, and I read these reports, and I don't recognize the company that writing about a lot of the time, you know, that that making some some pretty wild and often incorrect sort of judgments and gases if you like, so I think you know, when you're on the inside. Of a company on Gino what's happening day today, and you understand the long-term vision and the long-term kind of outlook. It's it's it's much easier than just, you know, being a blind outside who looks at the stock price, and it decides on, you know, whether companies do bodily, oh, well, yeah. Last question because I'm getting is that I've held you much too long. You mentioned a couple of Amazon executive now work here. We had Scott Galloway on one of our podcast. The other day said Amazon's gonna buy snap in the next. I think you said five years or something what do you think should Amazon by snap should not? I I think Almas an incredible company. I think you know, they they don't have a product like snap. Should they buy snap? That's not my decision to make. I think we feel really, you know, I think we've we feel better position than ever before to really grow out snapshot as the fastest way to communicate and an also have a really strong premium content offering we feel out and I'm so confident that that will be a really successful big business. So I think this concept of acquisition is, you know, pretty relevant actually right now. Okay. Naperville. Thank you so much for for being on Rican medium, we appreciate it. Good to see a kit. And thank you for coming in. Thank you. Thank you again to Nick Bill for coming on the podcast, and thanks to all of you for listening. If you liked this episode of Rica media, please tell your friends about it. You can follow me on Twitter at Kurt Wagner eight and thank you also to our sponsors and Takeda's thirteen. Vox media for selling all those ads that you heard during the show. Thanks to Joel Ravi who edits the show into our producers Golda, Arthur and Eric Johnson. This is Recode media. And we'll see you next week. Today's show is brought to you by smart water, not satisfied being like other brands smart water looked up into the clouds and said, I wonder if we can one up mother nature for pure Christopher water. And guess what they did. 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Tue. 10/30 - New MacBook Airs, Mac Minis and iPad Pros

Techmeme Ride Home

20:52 min | 2 years ago

Tue. 10/30 - New MacBook Airs, Mac Minis and iPad Pros

"The. Welcome to the game ride home for Tuesday, October thirty twenty eighteen I'm Brian McCullough today. New macbook airs new MAC book Many's new ipad pros coin bass raises another big round, the UK has a new tech tax. Interesting executive musical chairs, and y recapture might soon be a thing of the past. Here's what you missed today in the world of tech. Just up the hill for me today was the Big Apple event. I did not get to go though. Several friends of mine did next time apple next time. But for now, let's get right into it. First of all surprise surprise apple announced an all new macbook air. And basically, this is the laptop that MAC book air fans have been begging for for several years now with a few caveats. The new macbook air has a thirteen point three inch retina display with a vessel. That is fifty percent narrower than before. Also, it gets touch ID, but not note not the touch bar because the touch bar socks in. It should go away. This baby though has seventeen percent less volume than earlier macbook airs is ten percent thinner at fifteen point six millimeters and it weighs in at only two point seven five pounds. You. You can soup it up with sixteen gigabytes of ram and as much as one point five terabytes of an SSD hard-drive. It comes in silver space, gray and gold. It even has a headphone, Jack. So take that iphone you can preorder. The new macbook airs today starting at one thousand one hundred ninety nine dollars. And it ships November seventh as Joanna stern tweeted, why would someone by a MAC book now? And actually, I'm sure that that's something. We're gonna see debated a ton in the coming days. The macbook air was always everyone's favourite MAC, but apple had let it wither on the vine by going in the MAC book direction. So was that a mistake a cul de sac, basically, apple has given everyone exactly what MAC fans have been clamoring for this is basically a MAC book pro in a MAC book air design now for the caveats, though, the chips are dual core coffee lakes, which apple sort of breezed pass. In the presentation. So as Paul Theroux tweeted that might be the achilles heel of these new machines, those not exactly top of the line ships will still get you twelve hours of web browsing though. So the battery life come to expect from an air, but again with a retina screen, however, if you buy one of these you're definitely heading into hashtag Dongo life for sure. There are only two ports and yes, they're USB. See, but they're also thunderbolt three ports which can support five K displays. Of course. However, you are also getting what apple calls the third generation of its butterfly keyboard configuration. So does that mean, it's the problematic keyboard that people have had so many issues with on the MAC books that is being feverishly debated at this very time online. Again, it's weird because this whole event felt like apple was giving people everything they've been asking for which only makes people ask why they held these things back for so long to that end. Yes. The long ignored MAC. Many got an update as well. The new MAC many gets Intel's eighth generation CPU's with four to six cores up to sixty four gigabytes of ram and up to two terabytes of SSD starting at seven hundred ninety nine dollars for the eight gigabytes of ram configuration the design. Largely that familiar little box. But now with a space gray finish, and honestly, depending on which model of apple TV, you already have you might have a hard time telling the MAC mini from an apple TV if you sat them next to each other. But the many has four thunderbolt three ports and HDMI port. And wow, I thought they didn't know how to even make these anymore, but actual USB ports as well. Pre-ordered for the new macbook mini begin today as well and shipping is November seventh as well. But probably the pride of place at today's event went to the new ipad pros as expected. The new ipad pros come in an eleven inch and a twelve point nine inch size. But they've been iphone tend. So the home button is gone. The Bengals are thinner and the screens are thus bigger, but notably there's no notch. They manage to squeeze the cameras in to what remains. Of the battles. The new twelve point nine inch ipad pro is physically smaller than the old one, but with the same screen size. It's basically the same size as an eight and a half by eleven inch piece of paper. The ipad pros are now five point nine millimeters thin, which is fifteen percent thinner thus twenty-five percent less volume than the old. I pros with that lack of a home button. They got face idea, of course, and the face I d works in any layout portrait or landscape. It's also got a magnet spot on the side to charge. The new apple pencil more in that second heads up though, the port for this thing is now officially USB. See a USB port that can support five K external displays and supports not only charging this device, but also charging out. So you can use your ipad pro to charge say your iphone and super heads up. There's no headphone Jack. So. Hope you like your air pods but back to the pencil the pencil has been redesigned and has a side touch area to switch pencil modes with merrily tap. And as I said it attached to the side of the ipad pros now via magnet pairs wirelessly and charges using inductive charging what about the keyboards apple announced a new smart keyboard folio? But generally the functionality seems to be exactly the same. Although it now apparently doesn't require pairing specs on the ipad pros. They get an a twelve x biotic chip and eight core. CPU a seven core. GPO apple says, the graphics performance is a thousand times faster, essentially, the GP performance is comparable now to an Xbox One. S the ipad pro can give you up to one terabyte of storage, and the eleven inch model starts at seven hundred ninety nine dollars. The twelve point nine inch model starts at nine hundred ninety nine dollars orders can be placed today and will also ship. November seventh all in all apple said this was the ipad. They had dreamed of building from the very beginning as Harry McCracken tweeted. The ipad has come a long way since twenty ten when Steve Jobs introduced it by leaning back in a comfy chair. It's such a lean forward device now and quote. A few other odds and ends from the event today that I'm just gonna throw altogether right here. No rhyme or reason apple says there are now. One hundred million active MAC users with fifty one percent of those being first time MC buyers apple says it sold four hundred million ipads in total. The new macbook air and MAC many are made with one hundred percent recycled aluminum or sorry, Johnny aluminium that new eight twelve x chip is the most powerful chip apple has ever produced. It's built on a seven nanometer process. It's capable of up to five trillion processes per second. There was no air power charging Pat announced there were no new air pods announced. And I guess my beloved ipad mini is dead at this point. Or is that just one more thing that they'll hold in reserve to make me say finally when it finally comes what else that image? They used. In the demo of that guy. Sketching the Manhattan bridge on his ipad that was taken on the roof of the very building where I am recording this right now. Oh, and if you haven't gotten the notification yet, I O S twelve dot one is out today. You're gonna want to upgrade if only for the group FaceTime, the new emojis, the dual sim support and plenty more. There was other news today. In fact, quite a bit of it. So let's see how much I can still cram. In today's episode coin base that eight hundred pound gorilla of a crypto exchange has raised a three hundred million dollar series era, led by tiger global management at a post money valuation of more than eight billion dollars. Tiger was joined in the round by y combinator continuity, Wellington management and recent Horowitz Polly chain and others coin base says it will use this new financing to accelerate its global expansion to offer more types of crypto assets on its platform more quickly to create more utility applications for crypto and continue to bring large financial institutions into the crypt of space coin base has now raised a total of five hundred and twenty five million dollars from investors. And the last time it raise money a one hundred million dollar round back in August of last year. It was valued at. Mir one point six billion. So there is apparently no bear market for coin base. It's been an oddly busy week for gaming Nintendo announced that it has sold three point one nine million. Switch units just this past Q to which brings total sales of the switch to twenty two point eight six million units. That means that the switch has now officially surpassed the game cube in total lifetime sales. This news came amid a quarterly earnings report where Nintendo also reported profits of two hundred and seventy four million dollars on revenue of one point nine. Six billion dollars. Nintendo has set itself ambitious sales goal for this counter year to sell twenty million. Switch units over the course of twelve months. It looks like it's on track to do that. Given these numbers and provided the holiday sale season is robust. It probably will be as there are some blockbuster titles slated for release in the coming weeks, including super smash brothers ultimate. It Pok Mon let's go Pichu and evey. Data dog is a next generation application performance management platform that gives you full observability of modern applications data dog tracks every request. So you can slice and dice your distributed. APM data on the fly. You can navigate seamlessly with the data dog service map, which I told you about last week data, doc APM can automatically trace requests across many popular, libraries and frameworks. Data dog is built to support live root cause analysis to reduce resolution time and help teams. Release features more quickly data dog is scalable extensible and easily automated to reduce overhead and ensure the right data is accessible to everyone who needs it. You can deploy data dog in seconds with one command install on most platforms. Data dog is your servers. Your clouds. Your metrics your apps your team together? I want you to give data dog try right now absolately free good data dog HQ dot com slash ride home. Why not only do you get to try it free for fourteen? As and monitor as many servers as you like with no credit card required. But remember, you get a free t shirt. Get the t shirt, go to data dog h q dot com slash ride home. Why do I think you should talk to tiny? Because if you're the owner of an internet business tiny will give it a good home tiny typically looks for businesses that have been around for at least three to five years have significant profits a minimum of five hundred thousand but ideally, two million plus and as high as twenty million and businesses that have a high quality team already in place tiny is open to owner's sticking around leaving cold Turkey or transitioning out over time tiny will work with you to transition tiny lakes, simple internet businesses that have high margins don't require tons of people or complex technology and have a competitive advantage that protects them from competitors. For example, a dominant brand a large and loyal user base, a technology slash advantage, etc. If you want this to be you. But you're concerned your business might not fit the Bill fill free to hit up tiny. Anyway, they'll take a look and let you know within a couple of days. If they think you'd be a good fit. Whether you're interested in selling your business sharing tip or you just want to talk shop checkout, tiny tiny dot website, that's tiny dot website. And when you get in touch, tell them Brian sent you. This flu little bit under the radar yesterday. But the chancellor of the United Kingdom yesterday announced a new two percent digital services tax that will come into effect, April of twenty twenty and will impact profitable tech companies that generate five hundred million pounds a year in sales globally. The chancellor says the British government expects to raise more than four hundred million pounds a year from the tax that translates to about five hundred twelve million dollars quote the rules of the game must evolve. Now, if they are to keep up with the digital Kadhamy Hammond said in parliament yesterday digital platforms. Delivering search engines social media and online marketplaces have changed our lives, our society and our economy mostly for the better, but they also pose a real challenge for the sustainability and fairness of our Texas them the rules have not kept pace the UK has been leading attempts for international corporate tax reform, but progress is painfully slow we. Cannot talk forever. So we will now introduce a UK digital services tax, and quote in a sense. This move is spiritually similar to moves made. By the European parliament in short Britain is targeting the big tech players not the small up and comers because well, that's where the money is. And the power quoting tech crunch up to now taxes have been calculated on profits, but that is problematic because of how companies report profits, and in many cases, they are not recorded in the UK. Even if the purchases of digital services are in the UK, however, many are already criticizing the tax as to low describing only four hundred million pounds and two percent. As almost nothing to these companies, which are some of the most profitable and wealthiest in the world with Amazon Apple as the first two companies to ever reach a trillion dollar market cap. More pragmatically a UK tax has been talked about for years already. So this is just the star. Of how this might develop and quote. According to Bloomberg snaps. Evan Spiegel recently promoted, Kristen O'Hara as chief business officer of snap only to change his mind. A mere two days later and rescind the offer to hire Jeremy Gorman instead Gorman had previously overseen ad sales at Amazon O'Hara had joined snap just in September. After a decade at Time Warner quoting Bloomberg. In a statement to employees Monday O'Hara told colleagues she is leaving due to changes in team structure. People familiar with the matter said, even if Gorman works well in the role the incident has a rooted trust in Spiegel's decision making as he is working to improve his leadership skills and snap is depending on new managers to help boost the company's performance, and quote, but quoting again from further on in the Bloomberg piece since its March twenty seventeen initial public offering snap has cycled through its heads of engineering. Finance product sales hardware, and legal O'Hara and government were competing for a position that would have helped replace Imran Khan, the chief strategy officer who is leaving to start something else and quote. Finally today, your interest in this. Particular segment may vary. But I did kind of think it was neat. Google has released a new version of recapture recapture version three in case, you're unfamiliar with recapture. It's that sort of challenge thingy that. You're asked to fill out when logging into websites the ones that ask you to prove. You're not a robot basically version one was that distorted text that you had to identify type in version to ask you to identify various pictures and as a side benefit helped train Google's computers to better identify images. But now version three runs what is called adaptive risk analysis in the background to alert webmasters of suspicious traffic, the system doesn't determine who is about at any point of entry to the website, but throughout the activity of a user session on a website. The idea is to get to a point where recap. Captured doesn't have to bug users at all to get them to prove that they're human the version. Three API allows webmasters to specify specific steps users have to take verify their biological bonafides and can add the system to multiple pages for more accurate analysis. Quote. The recapture score can also be combined with other data collected by website owners, including transaction histories and user profiles for an even more accurate verification. Google says the score can also be useful for training machine. Learning models designed to detect abuse. This new version, let's protect your site against Botts and improve your user experience based on your website. Specific needs said we Lou product manager at Google and quote. So as I said, your mileage may vary in terms of finding this story. Interesting, Brian, it's great. We don't have to be annoyed by those recapture forms anymore. Well, I get that. But also think of this from an almost inverse turing test perspective, I kind of sort of. Liked that computers. Had to ask me to prove that I was a human. I liked that the proof of that required. Some sort of practice action on my part. But now they're saying that AI is now so good. It can determine my humanity or lack thereof without any active intercession from me the robots can now tell I'm not one of them on their own with no input needed. Am. I wrong to feel vaguely put out by that. Like, I've lost some sort of agency over my own by definition humanity. Real quick bit of book business before we go today when I was at Bloomberg yesterday to do a segment on Bloomberg radio. Somebody told me that if your book gets fifty reviews on Amazon, Amazon really takes notice of your book and starts promoting it more reviews of the book and all the bustle of the last two weeks. That's something that I had never even thought of I checked last night, and there's actually only three reviews of the book on Amazon so far. So if you bought the book first of all, thank you. But second of all go over to Amazon and leave the book review maybe review, it, even if you didn't buy the book on Amazon, but I do notice that if you did buy it on Amazon, they give you a verified purchase sticker. So I guess maybe they count your review doubly in that case now going from three reviews to fifty is an. Awfully big ask. But you guys have really come through and surprise me before so mutant podcast army assemble remember the book is called how the internet happened. Do you have to have read it or even bought it to leave a review? I dunno shrug shoulders movie. I guess, but if you haven't bought it yet after leaving review. Why not if you like this show, I promise you you'll love the book, thanks for reviewing if you get a chance, and I will talk to you all tomorrow.

apple Bloomberg Brian McCullough Amazon Google United Kingdom Nintendo executive Jeremy Gorman UK Jack Kristen O'Hara Manhattan bridge Paul Theroux Evan Spiegel
SFN Episode 278 - REPLAY OF HAYWIRE

Startup Financial News

14:44 min | 2 years ago

SFN Episode 278 - REPLAY OF HAYWIRE

"Live from the lows powerful sitting in the world, New York. This is startup financial news with your host, Julian Mayer. All right. Good evening. Everyone and welcome back to another episode of s n started. Financial news today is Tuesday, October sixteenth, two thousand eighteen. I'm your host, truly Meyer until two. Welcome back. Welcome back to another episode of SF n. started financial news. It is always my pleasure to be here with you folks and today. Today. As it is still our first week back from our Minneapolis. We're going to be doing another special episode. Another feature episode. Another topic episode. We'll get back to what you need to know in today's top headlines coming up here shortly. But this evening, we're going to discuss. Is somewhat of a continuation of Monday's episode on a specific point, a specific point that has been hitting so close to home for so long. And it's this problem within the entrepreneurial community that we have created. This problem. That is the rockstar entrepreneur. Okay. Folks. I've said this before on the program will continue to say it. It is fundamental core belief of mine. There are two types of entrepreneurs, two types. All it's the natural born and bred. Entrepreneur, the addicted entrepreneur, you know exactly who you are. If you have the bug as we call it, it's an addiction. It's something you can't get enough of. It's the worst drug in the world. It beats you up it abuses you, it takes all your money kills you and you still want more. You can't get away from it. You're the person that. In the fourth, six, tenth grade, whatever. Bought something for less than you sold it for. You've always found creative ways to make money outside of the traditional. Path. You've done things that other people have laughed at you but have made money in the end. That's the natural born and bred entrepreneur. That's the die hard addict. The one that will never never ever get off of it because we can't. It's impossible to part of our lives entrepreneurship part of the fabric of the core person that we are. And then of course, as history has shown us, oftentimes you have the accidental entrepreneur would I like to call the opportunistic entrepreneur, and there's nothing wrong with that. Very respectable, very commendable. Someone that has a skill or talent or sees a trend sees gold. Russians has ham gonna, try this. They have been doing their whole life. They're not addicted the same that the natural born in bread the same way that we are, but they're doing it for the right reasons because they see an opportunity name on take it. So we have those two types of entrepreneurs. But somehow some way along this road we have traveled down entrepeneurship late me. We created. We created this myth. Of the rockstar entrepreneur. Created this myth base large information should get from social media. That if you do the right thing and you work hard enough. You find an opportunity. You could be the next Mark Zuckerberg. He could be the next Evan Spiegel. And what about saying? You can't. But those are nominally in the world of entrepreneurship, but those are your lottery ticket winners. Yes, they're very smart, bright people. By the same token, they had opportunistic market. Perfect. Rather market timing. The perfect combination of investors team members co-founders. These are nominees in the world of entrepreneurship, which is largely based on imperfect decisions. In riddled with mistakes. These are nominally staunch preneurs. Now we applaud them. We commend them. But the real entre preneurs the rest of us out there. We hold them on a pedestal. No, because they're playing the same damn game the world playing you don't hope people on a pedestal. You respect what they have done. You don't have to try and emulate it. You don't have to try and copy because you won't be able to. You can have to be your own person entrepreneurship. I almost to the Trump myself as much as the born and bred entrepreneurship, and I've been doing entrepreneur have been doing this. For literally about two decades now as crazy as that sounds. As much as I am the born and bred entrepreneur. I almost fell into that trap of putting these people on a pedestal, the way that we've done on social media and you can't, you can't because they're on person. They have their own company. They had their own opportunity there on market timing, yada, yada. Entrepreneurship at its core? Why do you the born in bread or the opportunistic entrepreneur is based largely largely. Unused individual. On your freedom to create on your freedom to design team that you assemble. On the market trends that you can read. So to copy or to emulate what someone has done in the past. Is borderline diabetic. It just doesn't work in this game. But, but that being said, and herein lies the problem on all this. We're gonna gold rush. We're in a gold rush. Free flowing capital. There is money to be made all over. Start up land k.. And everybody wants a piece. Just like they do in any gold rush. I'm talking literally about the gold rush. Or any gold Russian history, but also figuratively. Gold rush in real estate and tech stocks, whatever. Whenever there's Gollnisch tons of people not just rush and flock to the opportunity because there's nothing wrong with either fine. It's fine. There's a lot of good people complain. I came, but always in a gold rush and it's an unfortunate aspect. You have the fakers. The fakers you have the once. That really eight don't know what they're doing and be. Don't give a damn and see your borderline scam. Artists are snake oil salesmen. Few mall. What they do is they come into these gold rush opportunities and they Bill themselves experts. They billed themselves as professionals. They Bill themselves experienced, but they're not. They're not just have favorable market advantages. They've perfect timing. And they find ways to get people to give them money. Okay. And again, on the one hand, I really don't care about that. That's fine. I'm a big free market capitalist fine. I don't care. It's not the piece that bothers me. The piece that bothers me and tying this back into today's economy, today's entrepreneurial ecosystem. And I used to hate this term because I fundamentally believe that ten years ago. This term did not. It shouldn't have existed because it wasn't really going on. But now. We have. Fully realized. How many watch reprint hours have created. How many people just wanna put entrepreneur in their Instagram or bumble profiles. How many people just want to say they're an entrepreneur because they put a website up raise some money. How many people wanna call themselves entre nous because somehow someway along the line became cool, entrepreneurship. Cool. Are you fucking kidding me if you've played this game for any amount of time. It's fucking manic depressive. It's extremely stressful. It's full of self doubt. It's full of doubt from peers, family members, friends. Cool. Entrepreneurship is cool. Fuck since when. So fucking tough getting. It's next to impossible game. Realistically, speaking, look at the numbers and statistics who success won't, who is not. Cool. Luck star. I don't know. It's going, you're making it sure. It's cool things going fine. What about when things aren't. You're playing with people's lives. You're playing with people's income. You're playing with stock holder equity. You playing with serious serious. Fire. It's confusing to witness. It's confusing to see what's going on in the world of entrepreneurship today. It's confusing because the good entrepreneurs out there, they're banging their heads against the long gone. I don't get it. I don't get it. How did they get funding. And we can't all you know they made a deal, they sold their soul, so they got the funding, but the one that's actually doing it, the one that's actually doing things right. Can't get funding because they're not willing to sell their salt. They're not willing to partake overstep. Playing the long game. They don't wanna play short game. They play that long game. And we are for correction. You already started to see some big tech ideals, right, snap and blue apron. I'm not gonna get into anymore, but those two right there. Okay. Everybody on Wall Street. And don't send me the fucking mail. Okay. Don't tell me, don't send me an Email. Why I'm wrong about that. There's gonna be correction, whatever. Trust me, trust me. Every person on Wall Street, every senior person on Wall Street fundamentally believes and understand that there is going to be a market correction. Not necessarily a recession, but a correction. We are fundamentally overvalued in a number of different sectors. Can't. Sorry. Started. And that's not a bad thing. Corrections are fine. It's good for the market to correct. What's dangerous would scare as it relates preneurs is when we have these dog companies, these shed companies that don't produce anything don't have any value at are over valued by forty. X or two hundred. And I know that's crazy. I know I'm sitting here speaking into my microphone saying that sound fucking wild. Because of companies valued at twenty eight yard starts where we're looking at companies ex. What intact. Skelly. Scary. You're talking about people that work at these companies. We're going to be laid off talking about shareholders, losing massive amounts of equity. In companies that they were lead to believe that they were led to believe. Rather we're doing so well, scary. And it has all worried. Right? Because this isn't something that I'm proud or happy to talk about it something you predicted months ago yet to make me happy. Absolutely not. This is my game is the game that I came up in. This is the game that I know entrepreneurship is more than anything to me my life and for many other entrepreneurs the same way, and it's scary. To see in here these headlines. But this show purposely laid out to be more of a thought exercise into have pointed. Outcome. Pointed initiative rather. Just meant to be thought exercise. Maybe hopefully we can make up a little bit and say, wait a minute. Wait a minute. She this really be going on right now. Is this company really worth that? Should that company really be going public at? I really invest in that that's what it is. That's what this episode is meant for. So anyway, on that note can leave you here this evening folks. Another episode of SF financial news episode, two, seven, six here on this Tuesday, October sixteenth, two thousand eighteen. Thank you all so much for tuning in. Be right back with you here tomorrow for another episode of Evan take care. Disdained by full news, Jillian Mayer. Don't forget to subscribe for the most up to date startup news.

Evan Spiegel Julian Mayer Meyer New York Minneapolis Jillian Mayer Mark Zuckerberg Instagram Trump Bill Skelly twenty eight yard two decades ten years one hand
Fri. 04/05 - Alexa is Coming for AirPods

Techmeme Ride Home

21:10 min | 1 year ago

Fri. 04/05 - Alexa is Coming for AirPods

"The. Welcome to the right home for Friday, April fifth twenty nineteen. I'm brand Kulla today. Google scraps the ethics board. Alexa is coming for air pods. The basis divorce is settled snap reminds everyone. They're pretty darn good at inventing weird stuff and the weekend. Long reads suggestions, here's what you missed today in the world of tech. Well, if it was a thinly disguised and poorly conceived PR stunt as those critics I told you about yesterday had alleged then it was also a brief and disastrous one Google says it is dissolving its week old AI ethics board following the controversy. I told you about yesterday surrounding several members of that board. Vox is Kelsey piper has been all over the story and she wrote today quote Thursday afternoon. A Google spokesperson told vox that the company has decided to dissolve the panel called the advanced technology external advisory council or AT a C entirely. Here's the company's statement and full quote. It's become clear that in the current environment. Ata see can't function as we wanted. So we're ending the council and going back to the drawing board will continue to be responsible in our work on the important issues that raises and will find different ways. Of getting outside opinions on those topics and quote. Sources are telling Mark Gherman that Amazon is readying air pod. Like wireless ear buds with Alexa, built in for release as early as the second half of this year. The product is coming out of Amazon's lab, one twenty six hardware division, which apparently has also been working on a home robot. Powered by Alexa, code-named vest, quoting from Gherman. The headphones will let people use their voice to order goods access music, weather and other information on the go, the Amazon digital assistant will be summoned by saying alien say there will be physical gesture controls such as tapping to pick up and calls and switch between songs of the people said Amazon declined to comment and quote couple of interesting vectors to consider in the story as Gherman notes in the peace one of Amazon's. Biggest problem strategically has been that it lacks a mobile platform, which competitors like Google and apple have. Of course, remember that failed fire phone as time goes on it's becoming increasingly clear, how monumental that failure was in terms of the course of tech platforms and tech history. But funny enough that failure did push Amazon into the home voice assistant market where they have had surprising success. Meanwhile, arguably Apple's most successful product launch of recent years has been there air buds and people have been following all over them selves to point out how they can represent a new wearable computing platform. But also, meanwhile, as we spoke about yesterday, Apple's attempts at the home speaker slash digital assistant market seemed to have stalled out. So I think you can all see the asymmetric warfare implications involved in all of this. I'm not sure why I'm always so squeamish about reporting on the story. But in the end, I just keep coming back to the idea that this represents ownership and control of one of the biggest most important companies in the world. So in the end, I come down on the side of believing that it's worth knowing that Jeff Bezos and his ex wife MacKenzie bazo have announced a divorce settlement that will leave Jeff with seventy five percent of the couples communal Amazon stock and all of the voting power that stock represents quoting the Washington Post, the record divorce settlement, which also words Jeff Bezos, all of the couple's joint holdings in the Washington Post and a space flight company, blue origin is likely to remove uncertainty around the extent of his continued control over Amazon a company founded in nineteen ninety four and for which he remains chief executive and its largest shareholder. He will have sold voting power over the shares the two once jointly controlled which together about to sixteen percent of Amazon's total shares and quote MacKenzie basis will retain four percent ownership of Amazon a stake worth roughly thirty six billion dollars and Jeff Bezos will retain at twelve percent. Worth at least one hundred and seven billion dollars. Snap held its first ever precedent. Last night, the snap partner summit in Los Angeles. And they're at announce a slew of new products and initiatives, including a snap games platform. That allows users to play real time multiplayer games. An augmented reality platform called scan and a straight up platform play called apps stories, which will let developers insert stories into third party apps and snap audience network which will also extend snaps advertising platform to those other apps. There were several smart takes on this event. So I'm just going to do around the horn of newsletter. Reactions from this morning, Owen Williams pointing out that quietly snaps the numbers while stagnating from a Wall Street perspective are actually still good from other perspectives snap reaches seventy five percent of thirteen to thirty four year olds. And. Ninety percent of thirteen to twenty four year olds according to numbers. Evan spiegel. Shared from stage, quoting Owen his charged newsletter. Quote, what snap is good? At is. Incubating weird. Original ideas, that pushed the boundaries of social media, as we know it today Spiegel showed off a slide that demonstrated how many modern features were invented by the company over the years. There's a federal content the stories format vertical first videos prominence lenses, and so on the company has had many flops along the way. Yes. But it's incredibly good at getting weird new ideas out the door that eventually redefined the industry, and this was another demonstration that it hasn't lost. That ability snap is well positioned in the current state of social media for a renaissance as Facebook struggles with a societal shift to private by default messaging platforms reinventing itself along the way and grappling with antitrust investigations at the same time and quote in Casey Newton's newsletter. He tried to get. Sense. If people at the event cared about snaps new initiatives, quote on the whole everyone. I spoke to seemed intrigued by snaps announcements if relatively noncommittal a woman who works in authentic reality told me that snaps tools are good. But that every our platform is basically the same and where you decide to build your filters is largely a matter of personal preference to founders, I spoke with who built stickers to let their users share content back to snap. We're hopeful. It would help them build a younger audience a snap. Employee told me about his work with pride than approached a venture capitalist. I know and mentioned he might be looking for a new job a few months from now, and quote and Dan from her in his excellent new newsletter. The new consumer wrote that he felt like snap seemed to be leveling up at a crucial time, quote, the point of all this and the new snap games platform is to make the case that Snapchat has figured out how to. Young people using its app for longer each day. There is a fine line between engagement and addiction. But if snap can make things that people actually love using snapshots user base might even start growing again. And as people continue to spend more time on their phones and less with more traditional TV formats, that's how snap might be able to keep growing the market for its short video ads and eventually across a wider audience with it's new ad network. And quote, a billion users isn't cool anymore. You know, what is cool one hundred eighty or one hundred ninety or so million users give or take increasing their time spent per day on your platform. Maybe. Let me just read. You some quotes about Neta lab, I'm astonished by the creativity and quality of medal apps work that was from David Karp, founder of tumbler the collaboration. We had was as good as the final product. That's Facebook's Andrew BAAs worth medal at makes products delightful. It's really that simple. Those words from Nome Levinsky of YouTube Vasicek says when I need a gorgeous app, I come to meta lab I and finally this quote, meta lab has one of the best interface design teams in the world. Their work has the power to change your business that was from Brian Armstrong, of course, CEO of coin base. You can't get any higher praise than that. Meta lab has helped launch one hundred seventy two products and three unicorn startups, and they wanna take your idea and turn it into the next billion dollar company. If you've got a great new product idea and no one to start building it meta lab is your team. Visit meta lab dot. CO that's meta lab dot CO. And when you get in touch, tell them Brian sent you. Today. Forty three percent of college grads are working underpaying jobs that don't require a degree. Meanwhile, there are more than two hundred thousand unfilled tech jobs in high growth exciting industries in cities across the United States. The future of work is changing rapidly. And flat iron school can give you the skills to build a career. You'll love with courses in software engineering data science, and you ex you I design flattering school is helping change the future by providing the skills students need to succeed in the modern workforce all while driving diversity Intech through scholarships like flat irons, fifty fifty gender parody scholarship and income share agreement to reduce up front costs and provide a flexible financing option. Best of all flat school grads work, one on one with a dedicated career coach to land a job after they graduate or there. Money-back complete details at flat iron school dot com slash terms. Change things. Join the school of the future today. Learn more at flat iron school dot com slash tech meme that's flat iron school dot com slash tech meme. Time for the weekend. Long rates suggestions starting off with a podcast suggestion. I've been hunting around for a podcast to keep me up on gaming on the gaming community and the industry in general and one that I've really liked so far is the talking reckless podcast. Talking reckless is a podcast about video games hosted by two ex bio ware, employee's, by aware, of course, most famously brought you mass effect. They talk about new games and gaming news every week, but they also have a tendency to dive into adjacent stuff to like RPG and dungeons and dragons stuff, it's a nice friendly roundtable discussion from lifelong gamers and industry vets. So search your podcast app for talking reckless. That's reckless R E C K LES talking reckless or go to talking reckless dot com. First up. I have a tendency to really listen to Benedict Evans from Andriessen Horowitz when he talks about smart, home and internet of things stuff. He's shaped a lot of my thinking about that space. So I wanna point to a recent blog post of his titled smart home machine learning and discovery Benedict brings back an analogy that he's used before that I think is really powerful when our homes got electrified and got filled with appliances, some things made sense to be electrified and some didn't we just needed time to figure out which ones did. And which ones didn't quote, people proposed all sorts of electric devices for the home, and we collectively worked out which made sense, and where everyone in Britain has an electric kettle. Most people in America have an electric blender and no one has an electric can opener. The same thing is happening with snow. Mart home. Now, lots of ideas for products are being tried some will be the kettles, and some will be the can openers, and it will only be obvious which in hindsight, and quote, he then goes on to propose that a similar process is happening right now with machine learning, and what consumer products that makes sense for and which it perhaps doesn't it's a really interesting interesting piece next a lot of you might have already read this, but Lennox journal, celebrated its twenty fifth anniversary by re-staging an interview between Lena's Torvalds and Robert young that they did back in nineteen Ninety-four and Lennox journals. I ever issue Lena's Torvalds is of course, Lena store volts, but Robert young was the first publisher of Lennox journal before going on to co found red hat among other things so catch up on lenox history and Lennox present, if that's your bag, you know, that tech history is my bag which. Is why I of course, can't resist recommending one zeros oral history of the tvos tvos as a company was never the raging success. It could have been there's a whole separate story about why that is about controlling means of distribution. And what happens when you're breakthrough product innovations quickly become commoditised, but it's worth looking back at how truly revolutionary tvos was to media and how we now routinely consume it. So to celebrate the twentieth anniversary of the first tvos, shipment checkout. The piece they thought it was black magic an oral history of tvos how the original DVR paved the way for Netflix and the cord cutter movement. Indeed, the argument can be made that tvos trained people to want to take control of their video consumption for the very first time next. We've spoken a lot recently about the super apps that are rising up in Asia. They're not just ride hailing apps. They're not just delivery apps. They're not. Just commerce apps. They're not just social networks are messaging apps, but all of those things all at the same time. Bloomberg has a fascinating look at two of the most prominent of these in China may Thuan and Alibaba quote across the country, millions of people like Lynn are ordering in two or three meals a day as well as groceries office supplies haircuts massages, and whatever else they might want behind this thirty five billion dollar delivery market isn't exactly efficiency, though. It's a fight between matron and Alibaba group holding China's most valuable company Alibaba and its various subsidiaries dominate the country's online retail market for physical goods, but me one is leading the way in services its namesake app. A sort of mash up of grub Expedia movie tickets dot com groupon. And yelp has six hundred thousand delivery people serving four hundred million customers a year in two thousand eight hundred cities. Alibaba is betting it can undercut met Juan to death. Both companies are spending billions in an escalating war of subsidies that might persuade even Jeff Bezos to cut his losses, and quote, it's a fascinating look at a super interesting business rivalry. But also a look at how these sorts of modern apps, these modern technology companies are transforming the basic rhythms of modern life. And BuzzFeed has an interesting piece up that has gotten a lot of play this week. We hear all the time about managing or even limiting screen and internet time for young kids because it might work them. But Craig Silverman says we should also be worried about the old folks, quote older people play an outsized role in civic life. They also are more likely to be online targets of misinformation and hyper partisan rhetoric and quote from later in the piece quote for recent studies found that older Americans are more likely to consume and share false on. Line news than those and other age groups, even when controlling factors such as partisanship other research has found that older Americans have a poor or inaccurate grasp of how algorithms play a role in selecting. What information is shown to them on social media are worse than younger people at differentiating between reported news and opinion, and are less likely to register the brand of a new site. They consume information from and quote problem here is older folk vote older folk set political and legislative agendas out of all proportion to their numbers and their numbers actually are quite large and will remain that way for a while. It's a problem for democracy and society at large as one political scientist is quoted as saying in the piece, quote, there alone relatively wealthy alienated and stuck in places where they don't know anybody and feel angry, and they have access to the internet, and quote and finally not really along read but something to. To get on our radar for next week. Maybe hopefully, something cool. We may be about to see the first ever photo of a black hole quoting seen it. Astronomers working across a worldwide network of cosmic observatories are set to make a quote groundbreaking announcement on April tenth, according to the European southern observatory considering that the event horizon telescope is on a mission to capture the very first image of a black hole. This could be one of the biggest science discoveries of the year. Humans for the first time may be able to see the black hole at the center of the Milky Way. Galaxy or the one over at our close cosmic neighbor, the elliptical galaxy Messier eighty seven and quote, of course, black holes are by definition invisible. But there is that thing called the event horizon where material around the very edge of a black holes immense gravity starts speeding up and spinning around it. And that this begins to admit high energy radiation, which we can see tell. Scopes around the world have been recording radio signals emitted by event horizons for many years the last data collection ended in April of two thousand seventeen and astronomers have been stitching together the data since that time seen that says there is no certainty that will see a black hole for the first time next week. But quote, given that the media visory suggests a groundbreaking result that will be simultaneously streamed in six different locations and four different languages around the world. There's a reason to be excited. The official announcement will begin at six AM Pacific time on April tenth and quote. Hey, everybody, I'm gonna take a break from doing the weekend. Bonus episodes just for this weekend. Partially a breather for me partially because we have a new project coming that. Hopefully, we'll be able to tell you about next week and partially because well, yeah, just a breather for me three months into the bonus episodes still aspire to a three hundred sixty five day a year podcast. But as I'm still running this whole show as a one man band. Honestly, it's not easy to do the regular shows and schedule and record and all the stuff involved in doing the bonus shows all at the same time. So I'm not stopping from doing them just pausing for this weekend. In fact, I promised to have to bonus weekend episodes for you next weekend. But going forward I might pepper in a breather for myself now and again a weekend here there were maybe only do one bonus episode or none like this weekend. But not too often looking at my interview booking counter. I know for a fact of four bonus episodes coming down the pike still this month and two more are being held open for a timely or breaking news segment. Anyway, you get a breather from me this weekend as well. Or maybe you can use this time to catch up on all the bonus episodes we've done so far if you haven't already done, so as hopefully you've seen agree. They really are an interesting way to round out some of the topics we discuss every week in greater depth and hopefully nuance talk to you on Monday.

Amazon Jeff Bezos Google Alexa Facebook Alibaba Brian Armstrong Apple founder Kulla Mark Gherman Owen Williams Vox Washington Post Evan spiegel advisory council
SFN Episode 276 - HAYWIRE

Startup Financial News

14:44 min | 2 years ago

SFN Episode 276 - HAYWIRE

"Live from the lows powerful sitting in the world, New York. This is startup financial news with your host, Julian Mayer. All right. Good evening. Everyone and welcome back to another episode of s n started. Financial news today is Tuesday, October sixteenth, two thousand eighteen. I'm your host, truly Meyer until two. Welcome back. Welcome back to another episode of SF n. started financial news. It is always my pleasure to be here with you folks and today. Today. As it is still our first week back from our Minneapolis. We're going to be doing another special episode. Another feature episode. Another topic episode. We'll get back to what you need to know in today's top headlines coming up here shortly. But this evening, we're going to discuss. Is somewhat of a continuation of Monday's episode on a specific point, a specific point that has been hitting so close to home for so long. And it's this problem within the entrepreneurial community that we have created. This problem. That is the rockstar entrepreneur. Okay. Folks. I've said this before on the program will continue to say it. It is fundamental core belief of mine. There are two types of entrepreneurs, two types. All it's the natural born and bred. Entrepreneur, the addicted entrepreneur, you know exactly who you are. If you have the bug as we call it, it's an addiction. It's something you can't get enough of. It's the worst drug in the world. It beats you up it abuses you, it takes all your money kills you and you still want more. You can't get away from it. You're the person that. In the fourth, six, tenth grade, whatever. Bought something for less than you sold it for. You've always found creative ways to make money outside of the traditional. Path. You've done things that other people have laughed at you but have made money in the end. That's the natural born and bred entrepreneur. That's the die hard addict. The one that will never never ever get off of it because we can't. It's impossible to part of our lives entrepreneurship part of the fabric of the core person that we are. And then of course, as history has shown us, oftentimes you have the accidental entrepreneur would I like to call the opportunistic entrepreneur, and there's nothing wrong with that. Very respectable, very commendable. Someone that has a skill or talent or sees a trend sees gold. Russians has ham gonna, try this. They have been doing their whole life. They're not addicted the same that the natural born in bread the same way that we are, but they're doing it for the right reasons because they see an opportunity name on take it. So we have those two types of entrepreneurs. But somehow some way along this road we have traveled down entrepeneurship late me. We created. We created this myth. Of the rockstar entrepreneur. Created this myth base large information should get from social media. That if you do the right thing and you work hard enough. You find an opportunity. You could be the next Mark Zuckerberg. He could be the next Evan Spiegel. And what about saying? You can't. But those are nominally in the world of entrepreneurship, but those are your lottery ticket winners. Yes, they're very smart, bright people. By the same token, they had opportunistic market. Perfect. Rather market timing. The perfect combination of investors team members co-founders. These are nominees in the world of entrepreneurship, which is largely based on imperfect decisions. In riddled with mistakes. These are nominally staunch preneurs. Now we applaud them. We commend them. But the real entre preneurs the rest of us out there. We hold them on a pedestal. No, because they're playing the same damn game the world playing you don't hope people on a pedestal. You respect what they have done. You don't have to try and emulate it. You don't have to try and copy because you won't be able to. You can have to be your own person entrepreneurship. I almost to the Trump myself as much as the born and bred entrepreneurship, and I've been doing entrepreneur have been doing this. For literally about two decades now as crazy as that sounds. As much as I am the born and bred entrepreneur. I almost fell into that trap of putting these people on a pedestal, the way that we've done on social media and you can't, you can't because they're on person. They have their own company. They had their own opportunity there on market timing, yada, yada. Entrepreneurship at its core? Why do you the born in bread or the opportunistic entrepreneur is based largely largely. Unused individual. On your freedom to create on your freedom to design team that you assemble. On the market trends that you can read. So to copy or to emulate what someone has done in the past. Is borderline diabetic. It just doesn't work in this game. But, but that being said, and herein lies the problem on all this. We're gonna gold rush. We're in a gold rush. Free flowing capital. There is money to be made all over. Start up land k.. And everybody wants a piece. Just like they do in any gold rush. I'm talking literally about the gold rush. Or any gold Russian history, but also figuratively. Gold rush in real estate and tech stocks, whatever. Whenever there's Gollnisch tons of people not just rush and flock to the opportunity because there's nothing wrong with either fine. It's fine. There's a lot of good people complain. I came, but always in a gold rush and it's an unfortunate aspect. You have the fakers. The fakers you have the once. That really eight don't know what they're doing and be. Don't give a damn and see your borderline scam. Artists are snake oil salesmen. Few mall. What they do is they come into these gold rush opportunities and they Bill themselves experts. They billed themselves as professionals. They Bill themselves experienced, but they're not. They're not just have favorable market advantages. They've perfect timing. And they find ways to get people to give them money. Okay. And again, on the one hand, I really don't care about that. That's fine. I'm a big free market capitalist fine. I don't care. It's not the piece that bothers me. The piece that bothers me and tying this back into today's economy, today's entrepreneurial ecosystem. And I used to hate this term because I fundamentally believe that ten years ago. This term did not. It shouldn't have existed because it wasn't really going on. But now. We have. Fully realized. How many watch reprint hours have created. How many people just wanna put entrepreneur in their Instagram or bumble profiles. How many people just want to say they're an entrepreneur because they put a website up raise some money. How many people wanna call themselves entre nous because somehow someway along the line became cool, entrepreneurship. Cool. Are you fucking kidding me if you've played this game for any amount of time. It's fucking manic depressive. It's extremely stressful. It's full of self doubt. It's full of doubt from peers, family members, friends. Cool. Entrepreneurship is cool. Fuck since when. So fucking tough getting. It's next to impossible game. Realistically, speaking, look at the numbers and statistics who success won't, who is not. Cool. Luck star. I don't know. It's going, you're making it sure. It's cool things going fine. What about when things aren't. You're playing with people's lives. You're playing with people's income. You're playing with stock holder equity. You playing with serious serious. Fire. It's confusing to witness. It's confusing to see what's going on in the world of entrepreneurship today. It's confusing because the good entrepreneurs out there, they're banging their heads against the long gone. I don't get it. I don't get it. How did they get funding. And we can't all you know they made a deal, they sold their soul, so they got the funding, but the one that's actually doing it, the one that's actually doing things right. Can't get funding because they're not willing to sell their salt. They're not willing to partake overstep. Playing the long game. They don't wanna play short game. They play that long game. And we are for correction. You already started to see some big tech ideals, right, snap and blue apron. I'm not gonna get into anymore, but those two right there. Okay. Everybody on Wall Street. And don't send me the fucking mail. Okay. Don't tell me, don't send me an Email. Why I'm wrong about that. There's gonna be correction, whatever. Trust me, trust me. Every person on Wall Street, every senior person on Wall Street fundamentally believes and understand that there is going to be a market correction. Not necessarily a recession, but a correction. We are fundamentally overvalued in a number of different sectors. Can't. Sorry. Started. And that's not a bad thing. Corrections are fine. It's good for the market to correct. What's dangerous would scare as it relates preneurs is when we have these dog companies, these shed companies that don't produce anything don't have any value at are over valued by forty. X or two hundred. And I know that's crazy. I know I'm sitting here speaking into my microphone saying that sound fucking wild. Because of companies valued at twenty eight yard starts where we're looking at companies ex. What intact. Skelly. Scary. You're talking about people that work at these companies. We're going to be laid off talking about shareholders, losing massive amounts of equity. In companies that they were lead to believe that they were led to believe. Rather we're doing so well, scary. And it has all worried. Right? Because this isn't something that I'm proud or happy to talk about it something you predicted months ago yet to make me happy. Absolutely not. This is my game is the game that I came up in. This is the game that I know entrepreneurship is more than anything to me my life and for many other entrepreneurs the same way, and it's scary. To see in here these headlines. But this show purposely laid out to be more of a thought exercise into have pointed. Outcome. Pointed initiative rather. Just meant to be thought exercise. Maybe hopefully we can make up a little bit and say, wait a minute. Wait a minute. She this really be going on right now. Is this company really worth that? Should that company really be going public at? I really invest in that that's what it is. That's what this episode is meant for. So anyway, on that note can leave you here this evening folks. Another episode of SF financial news episode, two, seven, six here on this Tuesday, October sixteenth, two thousand eighteen. Thank you all so much for tuning in. Be right back with you here tomorrow for another episode of Evan take care. Disdained by full news, Jillian Mayer. Don't forget to subscribe for the most up to date startup news.

Evan Spiegel Julian Mayer Meyer New York Minneapolis Jillian Mayer Mark Zuckerberg Instagram Trump Bill Skelly twenty eight yard two decades ten years one hand
Ohhhhh Snap!

MarketFoolery

14:29 min | 1 year ago

Ohhhhh Snap!

"Margaret Fuller is brought to you by pay pal credit summer's here so make the most of it by booking your travel plans or purchasing your favorite gadgets with six months special financing on purchases of ninety nine dollars or more with pay pal credit learn more at pay pal dot com slash fool subject to credit approval minimum monthly payments required. It's Wednesday July twenty fourth walk in the market for Hillary. I'm Chris L. Joining me in studio in the heat of earnings. Palooza is the one and only Abby Mellon thanks for being here is my favorite week of the year and it comes four times a year. I love it. We got like seven hundred companies reporting this week things to talk about all the things to talk about and we're not gonNA talk about all of them. Although there are the huge companies reporting that we're just not going to be able to get to we will talk about the latest from Visa and Chapel we gotTa Start Though with snap shares up sixteen percent this morning after snap lost money in the second quarter just just not as much as everyone was expecting them to lose. What do you think when you look at this company? I mean the the stock has just been insane this year. It has basically tripled in twenty nineteen so we'll we'll get to this quarter in a second but when you look at just that shares of snap tripling in basically six months and change does that get you excited or is this one of those things that you look at anything. Oh my God you you can buy that if you want but I'm not <hes> probably more of the ladder not the former but I do think a little bit of that is that snap was punished pretty pretty harshly I would say in their <hes> market debut and so people were kind of taking their hands off of it fell significantly <hes> I think maybe that was a little bit of an overreaction but I do think it's interesting given the environment that we're currently in with large tech and specifically large social media companies sort of the more scrutinized and you're seeing regulators get involved a little bit more than normal. I do think it's very <hes> a little bit counterintuitive. That snap would be doing this well so we've talked before. For about advertisers essentially looking at Google and facebook as must have is snap moving into that category if only for a certain segment segment of the consumer base out there is this is snap now. If you have a product that you're selling and your target market is people thirteen to thirty four years old a snap now an automatic go-to for you. It's interesting you ask that so I think this turnaround <hes> was Spiegel's idea to stop trying to attract all users and really just focus on engaging specifically with that sort of younger demographic base. I think if you look at pinterest it's maybe kind of a similar idea where it's very wean niche in that. It's <hes> majority women <hes> So do you think focusing rather than fighting. That trend is helpful so you saw their average revenue per user increase to a dollar ninety one versus a dollar eighty four it was expected so pretty significant growth in that and I think maybe a little bit of that is that less advertisers are interested but the ones who are have to be there. You mentioned Evan Spiegel the C._E._O.. It is interesting to see and sort of his tenure as he continues to lead this company and I think you're you're probably right. When you look at the the full like one year chart of this stock I mean it's tripled in two thousand nineteen but really over the past twelve months? It's basically up thirty percent. I mean really got hit hard at the end of last year and it does seem like at least part of what we're seeing in. Two Thousand Nineteen is at least some people on Wall Street saying you know what maybe you're a little too harsh on that stock and by the way midway or a little too harsh and the C._e._o.. And let's let's see what he can do. Definitely I mean the augmented reality technology that they have is really admirable. I think it's actually very interesting. I think <hes> part of that is what makes it so appealing thing to advertisers. It's kind of new innovative space and <hes> you have to give credit where credit is due speaking of giving credit where credit is due same store sales for chipotle. Were up ten percent. That is the six quarter in a row of accelerating calms. CBS for Chipotle. This second quarter report was pretty strong. It was strong so within that ten percent six and a half percent was an increase in traffic and three and a half percent was an increase in ticket and so <hes> digging a little bit deeper occur into that ticket it was boosted by higher prices than they also said it was mildly offset by deferred loyalty program revenue <hes> so kind of an interesting and all around actually generally very positive metrics for them more store traffic <hes> more loyalty members which so they launched that loyalty program back in March I believe and they're already at about five million members. which is I mean? That's that's phenomenal. It really is and you have to assume that a couple of things one. That's something that continued to can continue to drive this business. <hes> it'll be interesting to see how they grow that but it wouldn't surprise me if in say a year or two that they were at double digits in terms of how many millions of people they have in that too and this goes back to giving credit where credit is due. Brian Nickel has done such an amazing job leading this company in the past eighteen months. They are a long ways away from from the days where they were. You know the story. A few summers ago was how chipotle was basically. It wasn't a rewards program story. It was essentially a coupon story. They were just trying to do anything they could to get people in the store right. I mean it's interesting so he came from Taco Bell Taco Bell <hes> I would say similar space may I would like. I think these companies would like to think that the more health conscious or more aware consumer chooses AAA over Taco Bell but <hes> part of his strategy which he talked about more this quarter was adding new menu items so historically. That's been not within chapel as wheelhouse. They've kept their menu very very short. <HES> IT controls costs. It makes you really good at the very few things that you do. There's a lot of advantages to that but now <hes> Nicholas actually adding menu items so <hes> you're going to lose a little bit on the efficiency side just because more things more sources. There's more people to make more things etc etc but the idea is that <hes> your existing customers come in more because there's more options and you may be attract some new customers that you wouldn't have had before so <hes> kind of interesting to bring. That Taco Bell Strategy to AAA and actually see it work very well so I sold this stock before Nicol became C._E._o.. And when you're mad I'm not mad I I mean obviously I've missed out on a tremendous run that the stock has had but I was thinking about it this morning. I was trying to sort of go back and think about because when nickel was named C._E._O.. Ultimately my decision not to buy shares at that time was because I didn't think Steve Ells was going to let Brian Nickel be Brian Nickel. I really didn't think given everything Steve Ells had done when he was running. AAA There was nothing that made me think Oh yeah. He'll let this guy. I have free rein to do what he wants completely. I think a lot of people laughed at it though like I think at the time the announcement came off like you were that desperate that you went to talk like I don't know it just came off very odd almost like if you had put like McDonald's CEO at whole foods right like like that's just not it same because it's food but it's not the same because it's like totally different roaches and so I feel like a lot of people actually maybe didn't forsee this coming the only thing in this report that that <hes> that gave me pause this incredibly minor this is. I don't think anything to worry about if you're a shareholder but I did note that the board of directors has approved a share buyback plan of one hundred million dollars which is not a huge amount of money in the grand scheme of share buyback plans but with this stock approaching eight hundred dollars a share with the way that it I mean it's like really now. You don't think now is the time to buy back stock. Yeah I mean we've had a lot of discussions friends within the investing team about <hes> share buybacks whether or not people like them general consensus is that it's opportunistic when shares are lower undervalued by management's expectations <hes> in other in other instances. I think it's just sort of like that's your best use of capital like. It's a little disappointing as a shareholder 'cause. I'm like I would rather see you invest that in grow so I would agree with that. Although there are some businesses that have rewarded. Wooded shareholders year after year because that's been part of their strategy definitely <hes> you look at a company like very mature business you look at a company like autozone like if you're buying autozone you're buying into a stable business and management team that has a great track record of buying back stock and that's the major ways they reward shareholders right. I mean I think there are exceptional times to use it. I just <hes> I'm not sure that this is necessarily one of them but like you said it's incrementally very small for them. You're not going to spend and a ton of money at <unk> outlay but if you do have any big purchases coming up like trips hotels homegoods or just about anything you can use pay pal credit and enjoy six months special financing on purchases of ninety nine dollars or more for big purchases like these try pay pal credit. It is a digital reasonable credit line built into your account with paypal. It's great for big or unexpected expenses and you can use it anywhere. Pay Pal is accepted applying as easy you just answer a few questions and then you'll know within in seconds if you're approved to learn more and apply just go to pay pal dot com slash fool subject to credit approval minimum monthly payments required. That's pay pal dot com social and thanks to pay PAL credit for their advertising support of market fully visa's third quarter profits and revenue came in higher than expected and Wall Street yawned shares of visa are basically flat. They were down. I don't know a half percent when we walked in the studio. This is a stock however word that has such a great track record over the past year. It's up about twenty eight percent. It seems like look when we come into earning season. There are absolutely companies that we expect to see a a pretty big swing one way or the other when the report comes out it seems like visa is no longer that company I would agree with that. I mean this was a good quarter for them. So revenues were up eleven percent <hes> that was driven by a three percent increase crease them the number of cards but the really interesting metric was actually the nine percent increase in spending using visa cards so nuts in constant currency but <hes> pretty significant moves in terms of spending there. Is this historic. I don't own shares of it much to my detriment. Is this a company that has a history of acquisitions and doing a good job of sort of incorporating them into the business or or have they gotten to where they are and by the way where they are as visas closing closing in on a market cap of four hundred billion dollars. Have they gotten to where they are simply by growing. They're they're homegrown business. I don't know if it's so much necessarily an acquisition story. I think you have dominant players within this marketplace visas his visa mastercard that sort of like you're too dominant main forces and I think <hes> when you have a brand. That's that potent it's <hes> it's really powerful and I think it's actually very interesting. I know we we're talking about evaluation before this and you know how does visa justify this and if this isn't moving the top line like what does sort of Greg quarter it was a great quarter <hes> I think the good thing and the bad thing for visa is that they've become <hes> very consistent Austin very reliant <hes> and it's one of the few companies that's both large and I would argue pretty stable but also still providing these pretty large growth metrics even at such a high volume which is just moving. The needle about much is is really significant so <hes> there's a predictability. I think that's maybe I mean. I don't WanNa say working against them because it is positive but I think it's not driving the surprises on the up or the downside that you'd see what we were talking before for about snap and a lot of times when we're looking at individual businesses it's helpful for investors to understand whatever is the narrative of that business at the time and part of the narrative with snap certainly early today is hey. This thing is bouncing back. I mean you look at the coverage both of snap and Evan Spiegel I think to the point you just made yeah. That's the narrative with visa right. Now is like Oh yeah they're great. It's just yeah yeah. They're great. They're but there's nothing super compelling about their story but I think a lot of people on the investing team would be. You know what I'm saying folks like Ron Girls. They'll be quick to tell you hey there are a lot of boring businesses out out there that have done an amazing job rewarding shareholders right. I mean complexity. I think is where you get sort of price discrepancy and so the less complexity you have with the stock <hes> the more <hes> I would say the more right the value is.

chipotle Evan Spiegel Brian Nickel Taco Bell Visa and Chapel Steve Ells autozone Margaret Fuller Hillary Palooza Chris L. Abby Mellon Google homegoods pinterest paypal facebook
Fast Money 10/25/18

CNBC's Fast Money

45:52 min | 2 years ago

Fast Money 10/25/18

"Are you prepared to navigate today's bond market's at MFS we help advisors help their clients by assessing market risks and finding opportunities. Learn more at MSN dot com. Right now with a huge knife for earnings the busiest of the season. In fact, everything about the bet Amazon Intel Gilead and snap a forty earnings moments ago. We've got you covered from every angle we've got full team coverage on all the calls jock Clifton announces that Deirdre both on Amazon drill and Julia. Julia worst on snap. Kate Rogers japodlay as those conference calls. Get going laws are experts in the earnings trench. We've got fast one, gene Munster pulling double duty on Amazon and after that on the red phones, the chart MasterCard or worth is watching all the after hours movers. They'll give us instant reaction analysis on all the big names, and we start off with what the tech earnings wreck. We're watching right now with Amazon alphabet this after tech search today, the Dow was up more than three percent of racing majority of yesterday's losses. But these earnings are dragging all those names lower after hours, and we've seen these stocks struggle this month. So are these earnings putting the final nail in the coffin four, the FANG trade, Tim? Well, I just think we we're starting to perceive companies differently. I think that's actually healthy. You know, it's nice to have an acronym. It's nice think about them in. Maddock way, which meant that they were giving you the most growth, and they certainly had most exposure to the the online exposure and social media cetera. But Facebook, I won't talk about that's for another day. But I I I think Facebook is being perceived differently. Google I think starts to fall into that category. As well. There's nothing wrong. I think with Google's business they're giving you twenty two twenty three percent growth. I think the tack costs are starting to the margins are starting to weigh on them. But ultimately, this is a company that I think is in the pole position of some of the leading parts of the future of the internet including by. But I just think that FANG as a group are done, and I think they're done because people are starting to discriminate between those companies that are are using your data that have regulatory risk. They're going to have a higher cost of security and services and defending and I think Google fits in that group. See you think that under daylight today where we have a revenue for Amazon and for alphabet that we can go into tomorrow's trade. And theoretically, the NASDAQ could move higher with these particular names moving lower. Are you separated? No, it's not it's not what I meant. I think the people are going to first of all pick a new acronym. And I'll let them, you know, spell that out themselves. But I think if you look at the trip accused, which are these names, we traded back up to this one seventy one seventy two level, which is the two hundred day and failed. And in fact, with these two big names, which make up probably twenty percent of it. I think that's a big deal. And I think actually you're going to trade. Absolutely the well. So if the question is can the market rally back back towards those show. The Microsoft apple Google, the m m you want any big all these had one. I got a man I'll just say, I just can't. I mean, so when you think about some of the groups, you know, obviously, we had some massive moves today and things like homebuilders and autos and stuff that have been performing very, well, let me tell you that didn't act particularly well, and that was the banks the underperformed the SNP here. I mean, we think about leadership it has to be the sort of stuff that's associated with a booming economy of opportunities overseas for grow all those sorts of things in those sectors in our market don't act, well, and we know for years that people have been talking about the maga- the secular trends, right with Microsoft. We just saw it's this switch to cloud based systems, whether it be public cloud or putting their stuff their licensing stuff in the cloud or if it's Google ads. So whatever the heck it is. Now at this point. I mean, there's so much sentiment involved in those names that I just don't think we can rally back if they don't I'm not interested in. Interesting. Oh. Right now that you can't buy these names into the end of the year with these earnings reports that we just saw this is going to be a problem going into end of years now that you've been talking about for so long the window. No, it's not off the window. But I think that if these are gone to your question, if these are gone, this is now that he's gone the market cannot move higher without the fangs by the way or down two percent after hours. So okay question for you. So such Yesica, you know, allow. Yeah. So when you're talking about can't can't get back to their highs markets, the the the the NASDAQ or talking about the bargain, Ngoga FANG, man, whatever from the head on the CBC dot com. They have to be the leadership. That's it. And to me, that's the only way to have is. I'm not telling you, wait extrapolation, the markets cannot hit new highs because we're losing the leadership of technology, and we don't have the substitute leadership of financials enough. It's obvious. They can't win with the week that they carry. There's no shot at them. You hitting highs in the market. It's not about hitting the highs. It's about where we go from here. Right right to already well off the highs. So we're seven that was the question can we get back to the highs and without this this trades over? But I don't think. Can you make money from here and you make not all right? And so brought it up autos you could make money their home builders you can make money there. But fan, I mean, you're you're picking the two most difficult trance right going after autos and homebuilding they've already. They've already taken home builders that are down anywhere between thirty and forty percent. So why why was home under so much pressure? Lumber costs right? Lumber costs of crater. So you should see some relief in. That's okay. So I think the more important point it gets into we have a lot of great charts and technical folks that come on the show the NASDAQ's having its worst month since the financial crisis or let's be clear. There's there's some things that are technically broken. You're not going to just come back. And if you look at the cues and the composition of them look with Amazon is ten percent. And you look at Microsoft, which is closer to ten percent. Again, I think what we're trying to say is first of all Microsoft and apple I think of a very different relationship with their consumer than Facebook and Google I think those companies in a very different cycle than Facebook and Google, but when I look at the market overall, there's a reason why we're pulling back first of all we were way over bought a lot of these companies people were indiscriminate about what what the multiple was. And we got to this place where I don't think people are just saying, hey, go by the FANG ETF. But I do think that people were looking leadership groups well on some level on some level. There's no question because if you buy the qs, and if you buy the SNP, this was the return this year, folks. So there's no question that those names are not doing a big we had a big down day. We had a big update right now. I have these earnings how you doing about the market's going into your end going into your. I don't know. I mean for me, you know, alphabets most disappointing. There's some to light. But clearly the revenue miss not like, you know, Tak not to like their. The valuation. I think is still very reasonable. I really really wish they would do something with their balance sheet. I think it is the biggest disservice to shareholders when I was just looking at apple when they did they announce obviously, huge by X. We know they've done, you know, billions tens of billions of dollars five ax. In addition. They tapped the bond market's at a superb time they issued eight year one and a half percent paper. Maybe windows running out there. I think alphabet has done a terrible job for their shareholders in terms of allocation of the balance sheet, they run the business fantastic Lee. Well, that I don't I don't have any criticism there. But building this cash hoard one of the biggest in the plan on the planet and doing absolutely nothing with it when it would be incredibly accretive to buy their stock here. I think is a big mistake. Yeah. I would Amazon Amazon you said that Jeff Bezos could turn this. They have record profits. Right. So I mean, there are there are slippage you, but there's a record profits. So if you have record profits, and it's greeted with this. That's more of a tell on the overall market or or guidance or revenues, but still these are record profits within a within a company that can turn the stick it on whenever they want. But you don't get record profits, though, it mean, you don't get a multiple like that. If people aren't expecting rep. Right. This is not the environment for high valuation stocks to do. Well, I think it's more of a product of that versus take this out of a different time period. And I think the stock has a much different reaction. Well, ultimately, I just think we're in a place here where people are starting to perceive these companies in a different way actually think that's good news because I think investors should not be lumping all companies into the same bucket. Then, you know, why you should you know, Microsoft is a great example is a great quarter on a lot of really important parts of like, you know, like where they sell enterprise, and you know, when you look at what Intel's results, we're gonna talk about that later, they're kind of reinforces Microsoft's quarter. That was one of the things that I was thinking about if Microsoft came in and told us that enterprise tech spending was weak, and we're seeing a lot of stuff in the server and the smartphone supply chain look at western Digital's down fifty percent from its highs ten percent in the aftermarket right now, they sell a lot you know, describes. And then flash. That's really you extrapolate that to a lot of these things, but when you see Microsoft and Intel executing like this, it's not. Redwine western digits down those people you don't need them in a world where you can do it all on the cloud. I think what you're saying is actually these guys are in a different place in in their business when all different, and I just want to make one more point about Google Carter's gonna talk about this. A thousand dollars. I mean, that's not. So you bought because at that point. You know, you're expected twenty percent earnings and sales growth next year trading at twenty times, how many how many companies that are going to do one hundred billion dollars in sales traded that sort of multiple relative to growth. So to me, I think you have nice valuation support ace book, though, we're gonna talk about that. Again. There's a reason why the multiples there. And let's let's get Amazon because we're right now we're down about nine percent in the after our session Jess off of the after our session lows. Let's gene Munster found early ventures. He's right in the thick of the earnings trench listening on the alphabet call Jean what caused that declined to nine percent after hours. It's pretty simple Melissa is that they guided revenue down by five percent for the December quarter and this the holiday quarter. Investors are always optimistic for some upside in that quarter. So that really put some cold water on it across the board. If you look at the rest of the metrics essentially in line. So I think that was the big thing. That's investors. So down fi did they say did they give us more callers to what was the driver behind that shortfall for the holiday quarter? They haven't yet. The so the Google calls going on right now. Amazon call starts in in at the bottom of the hour here. So waiting to hear more from that. Call. All right. What you make of the alphabet quarter. So far. It's been a juicy earnings call the company's talking about the future evolution of search. This is. Is not only searched but discover using AI to better predict what you're looking for that could produce new ad units. The big negative on this call was that the paid clicks were down twenty eight percent year of your the street is looking for down twenty one percent. But the point is is that they're thinking about new ways that they can make powerful ads that can improve that cost per click in separately. Just cut away to talk to you. They were starting to talk about China. The company seems to be changing its view on how to approach China over the last several months, and so look for analysts to be talking a lot about that tomorrow. All right, gene. We'll check in with the in a little bit later for more into Nelson's to these big tech earnings. Let's go straight to chart MasterCard or worth taking a look at his charts relationship to all of all we've seen plus the after hours action Carter shortly before we get to it. I mean, the principal here is very important price action is wise, these stocks gross stocks stocks have been honored performing the market week after week after week. And now the fundamentals come out prices new. Before this is just the answer to what might have been a question. Why were they? So the answer is because things aren't fundamentally as good as maybe they were priced to be. So here's the after hours print for Amazon it's going to move around a lot. But let's look at a chart of this and put this into context if we were looking to chart of Amazon I wanted to just highlight the pizza trough decline if you drop nineteen percent. And then today we rallied ever so slightly back to the kills on here back to this line. And now in the night market. We are undercutting the low for almost a week ago. Do you fix yourself after length that no you do not you either go fallow or you get worse. You don't Ricky shea. And it gets to the issue of was there wisdom before look at another one. We they're all on here. Take a look at what's going on in Google was this out of nowhere. Should we be surprised meaning the price action? The government knows this stock prices. The report of the leading indicator index. Google was down eighteen percent. It rallied ever so slightly today. Back up into the line. And now, of course, you saw the night market the trend break it is going to make a new low. Do you fix yourself after taking hit like that? No. You do not you either back and Phil or you keep going worse. The notion that we could climb back to the highs is it's absurd. Let's keep going Intel. Is it good watch the chart? Let me see if it's good. It's up to bucks to bucks is right here. Doesn't change thing with this really is is just a massive head and shoulders top. Here's your neckline. And by every indication until ultimately works lowers. Well. Stew few more at the whole tech sector is it random off the line to the penny. Is that the collective DCF? The collective peg ratio the collective enterprise about EBITDA. No, it's almost entirely technicals. It comes down twelve percent. It stops on the line. And now in the night market. Went to break. It is what it is. And it's not good. Wow. That's right cut and dry Carter. Thank you heartily. Joining us from MOR infant earnings. In the show, and he can't come over. Now. I mean, he was saying about the Charles. He he's not a liar tonight. Watch the chart. Right now, not happy speak. It does not sound good for any of the charts that Carter show tonight to go back to highs would be absurd. He says do you fix yourself here? No, you don't sedan. What you don't the key is it's the a the last bit of maga-. It's apple next week. It's next Thursday. And in this one this chart accident using obviously, maybe we'll ask him about it later. But you know, I mean, this is where when you think about this in this market in this environment where these much loved names that are up a very much are being taken down. Six seven percent percent Amazon's down nine percent right now, you know, apple could fill in this massive air pocket back towards two hundred like that. And what happens if that happens when you have the cue breaking this upset the apple fell. It would it would technically push these indices around in a way that happen saying, by the way, I mean, it's, you know, Carter rightly defending his turf as basically a technician in saying not that he was being challenged, but prices truth, and by the way, price told you eating before these numbers came out what you were going to see in these numbers. And that that is certainly defensive. Why technicals are a big part of what we do. Well, we are all over the earnings action throughout the hours all the conference calls are pretty much underway right now. We'll keep on checking in with our experts in the trenches plus stock surging back after yesterday's big drop, but nearly half of the P five hundred is still sitting in bear market territory. So when is it safe to put fresh money to work the traders, give you their bargain buys for life in Times Square, New York City, much more fast money right after this. Thanks for listening to the NBC podcast will return after a short break, are you prepared to navigate today's bond market's at MFS. We help advisors help their clients by assessing market risks and finding opportunities. Learn more at dot com. We've gone earnings alert on Gilead. Let's get to metro with all the details. Hey, meg. Hey Mel on the back of Gillian third quarter beaten raids getting some reaction from the street Corey chasm of over at Jp Morgan saying that beat was mainly driven by the company's HIV franchise big tarbey, which is its newest HIV drug came in at three hundred eighty six million dollars versus three to twenty five million dollars as the consensus. But he also did note that there was a small on their hepatitis C franchise, though, as we know that's been shrinking over the quarters and is not quite as important anymore on Jared holds a Jeffries saying, quote, you'd think that the stock would be up a bit. But investors are really waiting for a new CEO to be announced to make this a bigger bet. And of course, John Milligan CEO of the company did announce last quarter he'll be stepping down at the end of the year. Getting a lot of questions about that on the conference call he was just telling people that there are many, very interested candidates. The process is moving very quickly. And he says they hope to have someone announced by the end of the year Gilead up about half a percent there. All right. Thank you very much Meg Terrell in the newsroom, so anybody in Gilead biotech trade here. I sold. Gilly added around seventy five bucks Gilead was one is one of these names that we keep waiting for. This may be the reason for the change at the top. This is a company that has had HIV HIV franchises. We've been waiting for you. And we thought Kartini we thought that was going to do it the market. Just does not believe these guys are well positioned for their next face. They've got a great balance sheet, they certainly pay a decent dividend. But this stock until we know what that next purchase is going to be an emanate scares people. In biotech. I think the stock remains radio tech has been acting sort of. I don't wanna see a Trojans Amgen's up eight percent for the year, but sell jeans down thirty percent. So if we're talking about drugs, the volatility it's already in eat in that space. The IV is down four percent for the year. I think you're better off going to the other side and go into a Pfizer that's up twenty percent. A different side of biotech. Exactly. I mean, do you want to be in a biotech trade win win tech and high valuation names are seemed to be so out of favor. The X P I had. At its worst single day in what twelve years, those fears most of the top of those biotech names. Those those those are not expensive valuations at all I think they're very cheap sale, Jane Amgen, Gilead. I mean, but I agree the rest of it. But I don't think valuations are a problem in the big caps. I don't know if the rhetoric from the president today is weighing as well talking about drug pricing. I mean, if they get something done, I've got to think that puts pressure on the which is kind of a trader's market right now, you know, so the X P I was at one hundred of the start of September. And now today eighty and that's a level that it's bounced off a lot of a lot of these sector have traded in these sorts of ranges over at the low end of the right? I don't like the idiocy and critics sort of risk of any of these names at this point. But once you get through earnings, maybe have less of that. But the FBI a shot than you would do it at eighty right? I mean, that's kind of the way Carter what do you see on the Gilead chart? Biotech space. I mean Gillian I think Tim's got threat. It's been waiting and waiting and it's not. Particularly bearish or bullish. It's just might be an equilibrium moment. It's worth seventy bucks. Here's the action after hours. I mean, it's a big yawn. You're talking about eight cents. Let's look at the chart and try to figure it out. I the IB again. It's remarkable all the same thing down eighteen percent. You saw the exact same percentage declines in Google Amazon. But what is different here right is that we've come down to something of a level of support and Dan just referred to it. He was talking about the expedi-, but the principle is the same. So if I were to put the line in you can see it there. I think you've got a decent shot of at least holding here and not really getting that word in terms of Gilead. Well, I mean, it's the same thing in reverse really downtrends have a way of stopping at junctures that are identifiable stock is indicated on. But the real story course is the great run up. And then the great nothing, obviously, an epic thing right effectively five dollars to one twenty and now. Tim's we're just doing nothing. And that's exactly it. Sometimes you have the stock. That's priced exactly at seven dollars talk. I would say do nothing with it or retain your bias. If it's your greatest long stay long that your best short ever. Stay short him nothing in the trunk that suggests that decided getting back to that to the to the Carter, it looks like you're saying, it's that's also going to do nothing. Well, you Tf has because of the precise lows from which it has bounced potential. I think I'd rather for instance, be an IB versus those big tech names. All right. Thanks for that Carter, anybody interested putting an IB trade on if you're going to do it. I think to dance point you want to do with an ETF versus do it with a single stock. But when you look at it, you get your Amgen, you get your Gilead, you, get your cell, gene. You get your buyer jets. And you don't have to worry about one of these one offs that something's down thirty percent Gilead has hep C HIV those two franchises, and they're trying to replace the CEO lot of headwinds for one stock. Check out where we stand with all the. After hours movers here Amazon now that still down in the after our session Intel managing to stay in the green. It is higher by three point two percent. We'll tell you what the C suite is telling Wall Street about the border, we're heading to bear country. Now, it's not Dan Nathan's house. Can stop nearly half of S and P five hundred isn't a bear market. Is this your best chance to buy? There's a lot more fast one and is very busy earnings night. Right after this. Oh, no. Really, welcome everything. Apparently is awesome. On Wall Street today. Stocks making quite the comeback. The Dow surging four hundred points this after yesterday's six hundred points, but wait a second. Everything isn't awesome. Get this nearly half of the S and P five hundred is in bear market territory. Bob on at the NYSE with more. Hey, bob. Hello melissa's. A nice bounce that I know sell programs at any time during the day haven't seen that in a while. But a lot of technical damage has already been done with nearly half of the SNP twenty percent or more off of their highs. Here's what stands out, there's no real sector concentration. Here. The damage is fairly widespread with big names melting down right across the board. Semi's like Micron down more than forty percent industrials like United rentals, home builder's tech, even retail all down. Big industrials have taken a hit on a smattering of global growth concerned, so names, General Electric and Caterpillar Commons United rentals Stanley black and decker Illinois tool. Works all. Down thirty to forty percent. This is from the recent fifty two week highs. The semiconductor slowdown has been a notable driver to the downside Applied Materials. Micron AMD lamb research all down more than forty percent. Other tech related names like Facebook Twitter 'electronic arts of also been hit with large drops of thirty percent or more as have a handful of retail stocks like Tiffany L brands, and Cody as well higher interest rates and falling home sales have heard housing related stocks as well. So you have Mascow your world pool. You pull the R Horton all down thirty percent or more to groups are down. But not so damaged one is energy stocks. You have Devon cabinet oil pioneer naturally. Sources Baker Hughes. They're down but only twenty to thirty percent and financial stocks PNC prudential MetLife fifth third Morgan Stanley. They're also twenty to thirty percent off of their recent highs. You notice anything missing. From this categories or these categories it's healthcare not on the list and little wonder the whole sector is only seven percent from its fifty two week high with big gains this year in pharma. And that's what saved this sector back to you, Melissa sector and a third quarter. Bob, thanks, Bob Bassani at the NYSE. So they do but can you trust the bounce? And do you actually go in and do you buy how do you know when name is bombed out in its bombed bombed-out value or its bombed out for a reason? Well, so he a couple of those names up there. We talk all the time about Facebook. So I think you know, why I think it's gone down. But then someone like L brands president just start going down L L brands has been a disaster. It's been down seventy percent since the fourth quarter two thousand fifteen because their core brand Victoria's Secret struggle, and in fact, there's been contracting. These guys just announced numbers. We actually saw VS begin to turn a quarter the expected to be down for an percent. They came up plus one bath and body works as actually been growing. So this is one of these broken. This kind of reminds me like a Mattel. So that's very different than some of these other names, the industrial. I think we talk about this all the time too. It's just hard to believe we started this with that awful music. What was that song? Dan, play that at home. He's awesome right now, you hunting sixty basis points day. And this this show has been all about the doubts. I mean, it's it's pretty crazy. And I think some of these names are overdone here value gal. So yes, so value. I bought a little bit of CBS today. And then it kind of got away from me, I bought some BankAmerica, which would be delighted about I think it, you know, ten times. I, you know, I had a nice conversation with Doug Cassie where a really thoughtful note about the bank's fundamental is. But you know, he's getting long, and it's really sounded great. If you look at the price action. Just say so at some point it depends what your time horizon. Is it depends. What your risk tolerance where you're gonna put your stops in that sort of thing? I just don't know. I just wanted. I know you ask the questions, but I I have a question hands since two thousand one to two may not answer. How many times I mean, I'm not sure I has the SNP down on the year since two thousand to close the year. How many times since two thousand two real quick? One thousand eight we hear the second one. Down one. Well, here we are just a p one that sent what's that was a big it wasn't big one. But, but it was a V reversal no nine I think the point is is like we're all conditioned to have annual returns in our markets here when you look around the globe. And you look what's going on in every other equity index around the world Europe's down ten percent Asia's down ten to twenty percent of Shanghai's thirty seven percent from its fifty two week highs. There's a good chance we could close down on the years with everything that you buy right now today could be down on January first thousand nine so what what let me ask the question. What goes? Dance dance steps tonight. So basically, the market was higher all those years, but one because it was an area of free money. What's over the air of free money? So I kind of agree with that. If you think about this, the central banks put are totally gone in that we will be lower at the I don't want to be branded or painting with any brush because it's not how I roll. I just for you. I am saying that I think markets have significant headwinds in central banks and central banks alone and markets should be valued very differently. When liquidity is not there. There are couple of there are couple of tale wins special short-term if you wanna. Buybacks coming back on you have a rebound at higher. I would think that we could probably move higher from here. But I do want to see that test of that twenty five thirty two February low I need to see that test before we bounce. I mean, I hear what you're saying. But every time I buy stock every single time. I know it can be down. Come the end of the year that could happen. I'm not really looking to trade around the market. I can't question your fundamental in your value person and long-term don't feel great in banks stocks. They don't feel great a lot of economic. I don't agree. I think if you look at the earnings power you look at the valuation, which is what I care about. Right. And the king. Right. Chicks tonight. We had two companies massive companies with eight hundred billion dollar market caps guy next quarter down. Right. So the earnings are going down. Right. So they're being revalued. Now can look at Bank of America and Amazon in the Saint that those are two very very different stories when you trade it in Amazon type multiple right, right? That's a different stories. Well, alphabet, I actually think it's more evaluation story. I know you're you've been right. You've been right. But I think at this second he's been right now, but he was wrong for every other year. Besides that one year come on come out this listen, here's the deal, and I'll go back to sub and saying this for weeks now the market will not rally without maga-. If you lose apple next week. This thing is toast, if Amazon goes to say, yes, yes. Of course. Because think of the weightings for talking about market we're talking about it. That's it. You know, what I'm saying significant part of the thirty percent of the year much. Stuff's up twenty seven percent of the Amazon. There isn't about should you buy nothing. Journ nothing else is working guy. Dr. So what do you think is going to change between now and December thirty first the leadership thing, and that's okay. That's okay. I don't I mean, we're we're talking about the market as monolith. That all moves together. I don't agree with that for the last couple of minutes. If we see a technically it's been doing we see a technical tests that twenty five thirty two level, and it hold all of those names. Those big powerhouse names will bounce the hardest off that low. I'm not saying it's going to hold. I want to see that test. But that's how you define whether we're moving up or down tomorrow. You would think it's got to be a big down day. I wanna see a flush. I wanna see February loans and you want wants to down up down. I would like to see a flush tomorrow. I like to remind people why markets are doing what they're doing. And why they're moving in synchronicity, it you you might have interest rate concerns across the entire spectrum that are affecting everybody. You have tariff concerns that we're hearing from every sub component of the economy are starting to settle in you have valuations that arguably depending on how you value a company one of the ways, I do it is price to sales especially for tech companies, and they're very very expensive. So there's a reason why stuff also when we were extremely overbought. We were arguably as irrationally overbought at that last high three weeks. As we were on January twenty six concerns that are bring the market's down pretty much across the board. Are they going to change? Do you think likely between now and the end of the do not likely? Okay. So then the markets are where they are. I don't think they're going to change. So I had it is a huge knife earnings alphabet, Amazon snap totally all out after the belt with earnings snaps that he to an all time low. It is now down around ten percent. We've got full team coverage monitoring all the calls. Josh lifted Libyan on alphabet gabo on Amazon dot calls just kicking up. Julia Boston is all over snap. Kate Rogers is watching Cipollini and do not forget about our earnings trench qarterback store and gene Munster standing by for instant reaction. Much more fast one and is very busy night. Welcome back to fast money. We've gone earnings alert on snap hitting an all time low in the afternoon session. Let's get. Julia Borsen with the details. Julia. That's right. Malysz? No snap shares for spike. But then they turn lower on those declining daily users, and the warning that the user declines will continue that, of course, outweighing better than expected earnings and revenue growth on the earnings call which is going on right now. Evan spiegel. See of snap has been stressing the global potential for the platform. Take a listen. We have a significant opportunity to grow in broaden, our global community over the long term, but we have incredible reach of on record demographic thirteen to thirty four year olds in the US in Europe. There are billions of people worldwide do not yet use Snapchat continuing to improve our user experience and creating awareness about our value, proposition key drivers and growing our community. We're starting to hear from analysts weighing in our BBC's. Mark Mehenni telling us quote snap. Looks better than expected thing as a clean beat and raise least in terms of earnings, but note that the daily active user numbers are a tad disappointing. BT ID's rich greenfield saying, quote, the court problem remains the product which is leading to less and less daily usage of Snapchat, which which not only with the decline in Q three, but declined forecasts by snap and Q four continue to short the stock aggressively at these levels with a five dollar price target now Evan Spiegel just saying on the call right now one of the upsides of the slight redesign that was so controversial. They do have many more users engaging with their premium content in its discover section, but they also. Said they're working to monetize users communication better. But Melissa some analysts really pressuring snapped. Explain where the problem is is it about marketing the service, or is it the product itself that just isn't designed to be used by more. More consumers background do you? Julia. Thank you. Julie Borsen back at headquarters with the lowdown on snap. Again. All time low in the after our session. I want to ask the potentially stupid question. But this is the one that I'm wondering there's no stupid questions on this death-knell. Thank you. Saves. You laugh the question now, what is the difference between what we saw in terms of the decline in monthly active users in Twitter and snap. Twitter had raised also snap had beaten raised in the market reaction is extremely different. Well, I think with Twitter they're taking a lot of actions to kind of get certain activity off of their they get the benefit of the line and an EMMY. Emme? Aw, revenue increase. And so this is generally a closed platform, they'd be more engagement than people using these stories. Discover the all that sort of thing. I mean, listen at this point they just made a couple of hires this week one from Amazon ahead of product. I would expect some changes at least how they try to monetize these users. But I think whatever rich Greenfield's said there's something wrong with the product. I mean because the redesigned the stock has not recovered. It's been escalating, I know you stop downward. We're steve. Well, I tell you the thirteen to thirty four year. That's the ones that's not for me. It's not for us for anyone that's desk. But it's still big with Vanderbilt four euros. I'm still I'm actually still long stock and I'm suffering from I'm still long. So I used to hold onto it because I do believe eventually they are going to figure it out. I do believe it's a global story. I do believe that the the administration underneath the leader is is a lot like Zuckerberg excuse allow like would he couldn't get it? Right in the beginning. This feels a lot like a lot of these tech companies that couldn't get facing Zuckerberg competitor. That was actually far. Are out. Every. But go. Well, the answer your stupid question, which was the question. I think I mean Twitter if you look at the environment, and the business model mean Twitter makes money snap doesn't. That's a big problem. When you snap because not only not only do they not make money, but they have a significant cash burn and one of the reasons why the stocks go to the floor is because they have to raise more money. So this is a problem. So profitability is a big problem and getting the product, right? They Evans Spielberg put out this fifteen page internal memo that got published in this. And that and it didn't really tell you anything. This is a couple of weeks ago. They basically saying we have to improve the product back to rich greenfield, call Spielberg stood. Yeah. Spiegel? Actually, be better. Bottom line here. I think this is a company that is judged on DA, you growth, and our poo and neither are going in the right direction. I just had one point this company should not actually be public right now when you think about the voting rights at Evans Spiegel had. And you think about the valuations in the private market shareholder can do. A public company right now, and they'd probably be executing much better. Because I think there's been a lot of distractions with it more and snap. Let's get back to Jeanne. Who is of course in the trenches fighting the good fight, gene. What what do you make snap? It's just simply a disaster here in this disaster. Because at the end of the day, the key metric is daily active users, and as they gave some expectation expect those daily active users to potentially decline that is the last thing that investors who own a social network want to hear the simple reason, even though analysts are trying to dig into what's causing that is the product has a big competitor out there in globally. They have this base of two and a half billion net. Obviously Facebook can mind that to turn them in Instagram users. And so, unfortunately, I'm always a big advocate for for technology innovation snap had its golden day when they came out with filters, but this market is very different today than it was a few years ago. Carter look at that chart. Tell us what you see. I mean, you know, well, let's look at the chart here. Take a look at the chart, so. I appeal. It was it was Thursday. It was the second of March two thousand seventeen if your first day in life is your best day. That's not good. So I don't know about snap. And I don't have Twitter. I still renews papers manually the printed. But I know this this Ben chart, right? We just heard the word disaster to my right? And you can't even drawing the lines. Basically, maybe it shouldn't be public on. Maybe won't be. This disaster comedy. Even gene are you in the rich greenfield short this stock aggressively camp. I there's a lot of bad news price. Then I don't really I'll just say this is they don't see a reason to be long or short this the risk of being short is if they show any sort of line sign of life with the DA use the stock could be up twenty percent. And that's always a difficult thing to predict the men in the trenches say, this thing's a disaster. Steve you're still holding onto this cook disaster timeframe, are you thinking when you say, my timeframe has longer term will you know, there were rumors. They turned out to be false. The Google was taking a look at them. I think that whether or not Facebook and slam them and crush them like a bug. There's other people that might need this in their portfolio of this arsenal. So this is to me a six dollars and twenty cents at this point lottery. Ticket for me, and it's an option eagles slash steel Burg as a seller. I would think that he would probably be a seller. I would just say that Jack Dorsey the CEO of two companies. Maybe it could be co. Ceo of Twitter splash snap with Evan Spiegel? Guys. Could kind of make it go with that way coming up Amazon now both thinking after their earnings reports a calls are underway right now Carter worth and gene. Munster still in the trenches. Danny by on the calls to break down all the action much more fast money right after this. Welcome back to fast. One aim it all the market volatility. Small caps have sunk into correction in one trader made a huge bet that the group is in for more pain. So what you say, Dan? Yes. So was in the I w and the tracks Russell two thousand it looks like a really big bearish role where trader on November. And Jen nineteen puts and sold out of them to close and bought to open thirty nine thousand of the January one forty puts paying three thirty one those break even down at one thirty six sixty nine down about eight percent from here. You know, listen you have puts on and you get big moves like this that you call monetize. And sometimes you take a portion of those proceeds and you roll them out, and you keep that exposure onto the downside. We have a two year chart real quickly here. You know, look at it broke. That up transit just like Carter's been talking about pretty nasty. But if you're trying to find a little support, it might be that one forty strike, and that's how sometimes option traders choose strikes by looking at the technical. So to me, maybe. Protection below one forty would make sense if you're long a basket of Russell expiration. Would you be looking at this trader looked at January? I mean to me it really depends short dated options are going to be really bid up and in volatility the price of options. So you wanna move out a little bit probably a little mini game. Many games unusual for me w I'm right here. Right now faded faded. Again. I think this chart is broken right now too. I think somewhere though around one forty the ideal has decent supports down sixteen percent in the last thirty seven sessions. It tells you what people think about growth right now. That's the barometer. All right for more options action. Check out the full show. Tomorrow five thirty PM eastern time coming up the two big after hours movers. Alphabet dams on both those stocks thinking following their earnings reports, gene months. There's been listening to the calls. We'll get his biggest takeaways next. Plus a check on what Jim Cramer is up to tonight. I'm mad. He's again, a handful of bean down stocks that could be buys right now there you had the Kramer Cam. That's at the top of the hour. We're live at the NASDAQ and time. Much more fast. Still ahead. Welcome back to pass money. We've gone earnings alert on Amazon down around eight percent in the after hours session. Let's get the Detroit Bosa in Vancouver with more address. Adra? Hey, melissa. You guys have been noting. It was that holiday quarter outlook that's weighing on the stock and really taking attention away from Amazon's record profit. Now, the street was expecting revenue of seventy three point eight billion next quarter Amazon projected a range of sixty six point five to seventy two and a half billion. And if it comes in on the lower end that is a big gap. See if O'Brien oh, south ski kind of dodging the question of why and number of times and saying that they are expecting strong holiday season. And it's a difficult period to estimate. Over one hundred million prime Milledgeville items available for free two day shipping for prime members. And again, all we're talking about the unit. Deceleration a lot of the fast growing areas. Things like subscription services AWS and advertising are not caught in that metric. Now, those faster-growing businesses performed ads expected and it did help boost the bottom line. He mentioned prescriptions and advertising that also includes AWS, cloud computing and subscription services. Investors were happy with the performances there guys. All right. Deidra. Thank you both Bosa interesting that he had dodged the question. Why the short mall we dodgers the question repeated late? That's a red flag. It's interesting. It's also interesting to me that people are not even talking about cloud right now in AWS, which which at times has been the whole reason people have been willing to to deal with Amazon's multiple because they're not making a whole lot of money in the retail business. But. Anyway, I think that is puzzling. Let's check in with Josh Lifton for alphabet. Josh. So Melissa big beat here on the bottom for alpha bet, but the top line was a different story. That was a miss your chance of catch up briefly with CFO Ruth poor at I asked her about that she said FX went from being a tailwind to a headwind in the Corey it was a theme. She also drilled down on in the conference. Call with analysts said, listen, it was trained in mobile search and YouTube, but that quarter did reflect a negative currency impact. Your year of three hundred eighty five million or three hundred and five million worth pointing out though that Google properties though, and that's companies bread and butter there twenty four billion that was also a miss Anna's. We'll say that surprising because that's a number. That company has been hitting a few different themes on the call one that analysts had was for Sunday. But CHAI they wanna know. How is he thinking exactly about China and the future opportunities there? Take a listen. On China Mobile. Beasley. We deeply care about serving Chinese uses feeding investing for many years and. Especially from developing, Android, but more recently launched mobile apps, such as Google translate and file SCO and improved our developer to stare. So we are constantly looking for ways by which we can better serve Chinese uses. And that's fair. That's fair. VR VR today. Now, of course, we're all thinking about this because Pachon has publicly acknowledged that the companies at least considering building this search engine tailored for Chinese consumers analyst tried to pull out some more data as much they could add to the cloud has there been a change in win rates. One Alice asked Senate patrol was that wanted to bite on that as for way, most certainly a big potential opportunity, but not a business that investors have much insight into animals as listen to when we'll pricing established for way mo- when will there be a go to market strategy outline Ruth, pour out simply saying it is early days, and we are taking deliberative approach to broadening that out Melissa back to you. All right. Josh, thanks, Josh Lipton. San Francisco, let's go back to Jean monster. Who's in the trenches starting off with alphabet, gene in the stock and the after hours session off the lows. So what do you make of the of the call so far? I think it was reassuring again that Google is in fact, auction the internet, I was most encouraged by the fact that they're going to be finding new ways to monetize maps, they said they made some adjustments. But look for more kind of eased into that opportunity in last this idea about using a I to be more per dictates. That's going to be for better user experience. But also is going to be heightened scrutiny. I think with lawmakers about how Google is using data overall the company remains on track. All right, and for Amazon there are a lot of questions about the holiday quarter. And why the shortfall didn't seem to be any answers on the call as I was listening to the call. I was thinking about one if I was a competitor to Amazon and hearing all the things they were doing I would leave this call a competitor really scared of how Amazon and continue to play not only with their prime members that are dedicated to buy on Amazon, but logistics, robotics what they're doing with brick and mortar. They've now announced six go stores, which don't require a cashier. They've are known sixty cities for. The same day. I'm going to be wrong that Amazon acquires target in two thousand eighteen but I think eventually that will happen. Let's create the quarters, gene. Amazon going to give him as on a B minus because that's soft a quarter and a beef or Google at B for alphabet. Okay. Final traits here, gene. By the way. Thank you for being in the trenches Carter Braxton worth our thanks to you as well for giving us the take on the charts. You don't like any of them, by the way up next trades? Around the horn final trade, Tim rocking and rolling for great charity a leg to stand at the hard rock. Cafe follow that that Jerry. Lanar a lot of badgers priced in down thirty six percent year date Lenore. Caroline. Yes. Just to piss off, Dan. But I think to make money thank can. How about it? I don't think all the bad news is priced in yet. But it's getting close somewhere in the five tomorrow night. Happy hour. Kramer, mad money starts right now. The first money podcast is sponsored by MFS investment management.

Amazon Google Carter Braxton Facebook SNP Intel gene Munster Tim Melissa Dan Nathan Julia Microsoft apple CEO Evan spiegel Twitter Gilead Kate Rogers China
Fast Money 11/18/19

CNBC's Fast Money

45:40 min | 1 year ago

Fast Money 11/18/19

"What is decision tech by fidelity? It's technology that can help you find a stock based on what's trending or investing goal. It's real time insights and information formation delivered in your own customized view of the market. It's smarter trading technology for smarter trading decisions and it's only from fidelity pretty open an account today at fidelity dot com slash trading fidelity brokerage services. LLC member NYSE SIPC live on the Nasdaq market. They'd overlooking New York City's Times Square. This is fast money. I'm Melissa. Healy are traders on the desk for Tim Seaworld Warsi Grasso and Diadem me. And we're also joined tonight by Chris. Baron head of technical and macro research at strategic tonight on fast president trump's former national economic advisor Gary Cohn joins US exclusively talk trump's trade taxes in his big new on blockchain loss snaps. Evan Spiegel taking a jab at the competition in a sit down down only on CNBC but whole come out on top and the social media wars the traders give their picks and shares a teen retailers. Totally off leaked today. Abercrombie Dombi American Eagle and urban outfitters. All lunging three percent or more those a time to drop these names or can they make a combat. We're going shopping for opportunity but I all quiet it on the western front of stocks hit record highs yet again. What is the different story over in China? Where doubts are growing that a trade deal will get done anytime soon? CNBC's Eunice Yoon. I broke this story. Joins US live from Beijing with the very latest. Hi Eunice Hi. Melissa does appear. As though there's growing pessimism awesome within the government here that a deal can be reached at least by this year. A government source familiar with the trade talks. Told me that people here were troubled. When president and trump about a week ago had suggested that there was no agreement on phasing out tariffs? That's a very important point to Beijing. He said the Chinese side side felt they had an agreement in principle. Now there continues to be disagreement to over some of the basic points in the deal for example the US has been a pushing the Chinese Chinese to have specific targets for agricultural purchases. He said that the Chinese have been resisting at least in part because they're getting pushed back from other trading partners and they don't want to would be seen as alienating them also. He said that there appear. There's been a more of a debate now as to the political situation in the US and president in trump's political standing currently it's unclear because of his possible impeachment as well as an election adjusts to a year away so he said had that now the strategy is that the Chinese want to continue to negotiate. They're watching and waiting to see what happens. But a lot of the focus now is on supporting at prioritizing ising the domestic economy and in fact today we had some movement on that with the Central Bank. The Central Bank had a surprise market by cutting short term funding rate for the first time in four years analysts. Expect it's going to continue to cut and likely cut. Its new benchmark rate on Wednesday. This is the L. P. we are a separate to that the US announced that it's going to renew. It's a licenses for companies doing business with while away the embattled Chinese Tech Tech giant those a ninety day licenses are going to be granted and this is only days before the Federal Communications Commission is expected to a designate on Friday. A whether or not. It's going to call a while away in the national security risks. Melissa it's funny because prior to your reporting reporting early this morning on the PVC move. Cutting the reverse repo rate was seen as China's willingness to deal because they because they had to do something about their economy economy and now it's being seen as a reverse. It sounds as if the Chinese believe they have the upper hand at this point with what's going on politically in the United States. Yeah I think that as more time passes there is a feeling time is on China's side that from a political standpoint. A president trump is in a more precarious situation than President Xi Jinping even though you could argue that President Xi Jinping does have a lot of pressure himself domestically as well as from Hong Kong It doesn't look as though there are enough factions who have any power to really unseat President Xi in any way president trump trump though in a much different political situation and that's actually a really important part of the calculation that even though China does see that is economy is slowing down even though the manufacturing sector is suffering. It's still as we've seen now for over a year willing to take on that type of oppressor for the manufacturing sector if it feels that some of the longer term issues such as attempting to change its economy enemy are going to be threatened. All Right Eunice. Thank you unison. Union for US live in Beijing. So the question here. Is Beijing so pessimistic about getting a deal done on. Why is Wall Street? Still sitting at all time highs guy into simple answer I think a lot of the guys you would agree is because they believe either correctly or incorrectly that that somehow our felt reserve in central banks around the world have our back. I think the answer is that simplistic by the way. I don't believe that I think that's what's going on. Nephew told me last night. These headlines would come out and he said words subpoena close today. I would have been down at least thirty handles if not more than that and here we are the SNP's unchanged it's remarkable to me the resiliency of this market. I've upset for a long time correctly that I don't think there is a US China deal. What I've gotten incorrect is the fact that the market doesn't seem to care? I thought for sure. To certain point the market mark would be negative on the back of the market. Doesn't seem to care to guys point but it's about positioning so people have to get long going into year end. They've avoided the market. That hasn't been trade now right now. What could stop it the market? It's not trade. It's the Fed telling you they're soft. They're easy and they're not raising they don't have to cut it just don't have to race. I do think you're right. I mean I think the Fed is still the largest player in the market markets. Right now but I think what the markets have done in the last three weeks to months for whatever reasons maybe it's a slow stabilization and recovery and global. PM is maybe. This is a labor market that gave you a great payroll numbers just just when people are questioning but if you listen to Goldman this morning out there basically saying the economy's GonNa be better than people thought J. P. Morgan Markle Kalana comes on the show and talks to us about had the actually see three Q.. Is An EPS trough and that you're starting to see reacceleration so that Delta of growth even if it's off of nothing base is enough for a market with Steve's under people under positions the Fed that says we're not we may not be cutting rates anytime soon but we're certainly not gonNa hike that's a recipe and by the way it's gone up about as deep as it has during any period in the trump presidency as has supposed- or whatever's happened in Washington is happening. The market doesn't care about that right. I think to that point this move towards global cyclicality began in August when the trade stuff was at its worst right when it looked like there would be no deal so I'm not convinced. A bad headline overnight. There's a lot to derail the stocks that are most impacted by this look at how the china-sensitive Stocks Act today Amac Apple Dear Macau Gaming. They were leadership stocks today so the market was clearly focus. Something else whether it's fed odds of a hike next year those actually got up whether it's whether China PM is starting to bottom here. We've seen it in Hong Kong. We've seen it with German DAX as well very export-driven market. PM is probably putting in a trough there. So I think this is about not whether things are good or bad but are they getting better or are they getting worse and I think the action of the stock says global growth might be getting better here. Only we talk about global. PM is starting to show signs of an inflection point right and so people are getting more positive about stocks around the world. Isn't that also predicated on this notion that the trade war tensions are easing are getting better. I mean because if they don't then we have to ratchet down expectations for growth around the world not just here in the United States eighth. I think that's right so I trade is is certainly a very important if I read Goldens no correctly today that was on the assumption that there's no incremental tariffs right from here. You're so they're saying we go sideways. Where the status quo isn't it? They think okay There is some presumption out there that there won't be a rollback but if we hold ground here don't don't get worse. We're GONNA BE OKAY Tim. I might add to that when you look around the world the areas that are most China sensitive already down forty percent from where they were in late. Seventeen right so so. You've worked in a lot of bad news particularly in Germany particularly in Hong Kong particularly with cow. So again it's a question of whether things are getting better or worse than status. Quo Is not worse. I think there's also a giant poker game going on here. I think the China's by lowering rates. I think they're gearing up for. WE'RE NOT GONNA make deal. That's the way I interpret it and then they're saying themselves is president trump really going to pull the trigger on tariffs on two weeks before Christmas. We'll make that bed and potentially August. I think he would. I think he would pull the trigger. I absolutely would pull the trigger. Because there's enough time until the November election. So in his mind he will take the month of pain to make a point. Draw the line in the sand so I happen to think he wouldn't he likes to play with the S&P points he feels like he's got a bunch of them but I don't buy into that that the Chinese are waiting for another Democrat to take the Oval Office. They're worse than trump. They're playing the game. That president trump is gonNA annexed getting a little bit desperate before the election that he's GonNa want to secure win by security longest market out another eighty dollars. Person I I hear that but the market keeps going up to all of our point. I think that it's more. It's about the Fed and it's about trade and right now it's about easy money and both countries all right well. Our next guest believes trade. Tensions could spark the next ugly selloff Julian Emmanuel cheap equity and derivative strategist at on pullback. Watch Julian Welcome. Welcome is always great to be here. So you think something's going to happen with this talks and we're gonNA see a pullback so we go to this December fifteenth tariff increments if there is a thought and we're thinking that this game of poker might be such that the market will believe incrementally more that those tariffs are going to go on on December December fifteenth. We're overbought enough to cause a pullback there okay from our point of view as a long term investor. You don't really want it's noise as you don't really WanNa play it if you have prophets that you feel you need to lock in before year. End At index option protection is very cheap but but bigger picture. We think that if you think about next year economic consensus growth is one point seven percent. That's not going to play well to the base ace. The president needs to create upside risk to that number there. Aren't that many ways of doing it at this point. Despite the fact that there was a very cordial meeting today with Chairman Powell the feds on hold here in our view and so it really comes back to getting something done with China. I don't know if you can have a meeting that's cordial after you. Call the Guy Bonehead. But that's that's another story here when it's the time of year where we're strategist like yourself. Put together twenty twenty four cast. And so when you're thinking about twenty twenty year end targets. Are you thinking about the political factory you think about. How badly does trump wants to win win? And so therefore we'll secure a trade deal just in the nick of time or sometime during two thousand twenty and that lifts the markets higher that certainly a large part of it so in our work. We look at presidential election years. And what we find is actually quite counterintuitive. They tend to be less volatile than other years there. Lots of tails but if you think about it could be the market hesitating on taking action either bullish or bearish but that lower volatility tends to come more in the first half of the year which to us us could mean that as people see that the Fed is done and that the economic indicators globally are starting the bottom you you could be seen you move out of bonds into stocks and for us that tends to. We're looking for that. We've had ten years worth of bull market without enthusiasm. Suzy Azam and our on our year end. Estimate of one hundred seventy nine for twenty twenty immediate multiple over the last thirty years. Gets you to thirty four fifty. Where where does the ten year yield? Where's the non sweet spot for the ten year yield? You can make an argument that we've been in it now for six months. Is it north of two and a quarter percent is somewhere below one forty five. Where do you think things get sort of pear-shaped in terms of bond yields? Well at this point the market is the psychology chains the yield curve. steepening you've come off zero zero if you start heading back down below one fifty in the ten year yield the stock. Market's going to run into trouble. Conversely we think there's is a lot of upside to how much the ten year yield can go before we run into trouble. Are we going to go to three percent like last year and the year before not likely two and a half half is is sort of where. There's probably going to be a little bit more discomfort either way just quickly. How big of a pullback if we get those December fifteenth tariffs you could chat test the two hundred day moving average at twenty nine hundred? Our base case is is you pull back to. Where are your end? Price target is three thousand Julian. Great great thank you Jillian a manual of Tim. The most interesting thing I think for folks expecting the market to see if we get you leaned scenario where where deck fifteen doesn't doesn't bring a new new tariffs in your generally bullshitting. You're saying next year is kind of your sideways. Lower vol first half I think you know Chris Talks about global markets and I I would just add what's going on the resources trader. We we. We've been seeing kind of bottoming in crude. I think the most interesting trait is really not just energy but but but still companies real industrial companies And then that AH rest of the world trade that I think has been such a big underperformer except for the fact that Germany's now outperformed the SNP in local currency terms. So if you think that the dollar is going to give some ground This will be very powerful trade in that part of it. I think it's all about dollar was down today right and I'd get the idea that the market street here get the idea that the market overbought but let's not get too cute. The Rangers for two years stocks just broke out around the world so I think the mistake here is overplaying our hand. If you get any weakness you have to buy it. I didn't hear Jillian mentioned in recession. I heard him say earnings growth in twenty twenty and I heard him say thirty four fifty of the SNP sounds pretty bullish to me. Coming up snap hop says the company's CEO takes new aim at the competition. We'll bring you his comments straight ahead. Plus we are moments away from an exclusive interview with President Trump's former national economic advisor Gary Cohn. We'll hear all about his latest blockchain venture and also get his take on the economy having the twenty twenty. We're live from Time Square in New York City much more fast money right after this. What is decision tech by fidelity? It's technology that can help you find a stock based on what's trending or an investing in goal. It's real time insights and information delivered in your own customized view of the market it smarter trading technology for smarter trading decisions and it's only from fidelity open an account today at fidelity dot com slash trading fidelity brokerage services. LLC MEMBER NYSE NYSE SIPC. Welcome back to snap share surging more than five percents today. CEO Evan Spiegel took aim and one of the company's biggest competitors here's what he had to say an exclusive interview with. CNBC's Julia Boston earlier. Today I think there are some things that they've done in the past and you know that they could be perceived to be anti-competitive things like you know limiting The reach of other services on their platform preventing people from using a snap code and their profile or something like that and and I think you know services that have reaches brought us as facebook are held to a different standard. Obviously so I think you know we'll sort of see see what happens over time on this name I do. I bought it the day of earning so I took some pain. I bought a slightly over fourteen dollars a couple of pennies over fourteen eighteen dollars. I took some pain to the downside. Now it's trading higher. I think Evan has threaded the needle though on political ads where twitter got a little too hot facebook a little too you cold by banning and then effect. Yeah exactly so you have you have snapchat is going to fact check so I think that's what the market wanted to hear. I think the market wants to hear at growth growing. That's that's what has been happening revenue growth that has been happening so he's coming out with new products. So I think it's gonNA shoot for that Seventeen dollar IPO price. I go UH. I thought that it was admirable that he said that he wanted to political ads on snap because a lot of first time voters. That's very important as well but when I heard that they're win a fact check check. The first thing I thought of was expensive and costs are going to go up. Because of that but again it's about establishing or reestablishing or perpetuating credibility and I think for a company that just show profitability for the first time I mean. Maybe they're in a better position to do that. Look three straight quarters of growth. Three quarters of revenue growth in their finally profitable. I'm not jumping crazy on the bandwagon. But I do think that the trend in this company for one that we're waiting for this moment is this the inflection point. There are some certainly some people out there that think so Chris Stockton five to fourteen this year. Or what's already in the pricier I mean. Would we rather buy something like a facebook which has spent the last twelve months in a range. Maybe I mean that's that's a would you rather would you rather be y'all right. Spoken myself spoke. Yeah would you rather. I'll play the game Hollywood. She's asked what are Tim's favourite for letters when we talk companies like this who are who are up twenty five percent in your rear I mean you look at the metrics active users up nine and a half percent year over year margins up I think twenty seven percent year over year if some pretty staggering growth so although although the stock has rallied a lot JP Morgan upgraded. I think on October twenty third with a twenty dollars price target. I don't think that's unreasonable. I think he can go higher from here. All right for more from our exclusive interview with snap. CEO Evan Spiegel head on over to CNBC DOT COM. Here's what else is coming up on fast former White House national economic homeadvisor. Gary Cohn has a new blockchain project. We find out what it's all about and get his take on the state to the twenty twenty election plus Ford taking on Tesla with it's new electric sub. But will it be enough to stop. Tesla's recent run or short bets on Elon. Musk start to pay okay. again all the more fast money returns contour from Cox has all your favorites. It's all in one place and with the contour remote. You can use your voice to fund them on live TV on demand and streaming APPs like netflix prime video and more see Cox dot com for details. Welcome back to pass money. President Trump's former top economic advisor Gary Cohn making a very big bet on blockchain. Let's get Seema mody alive. The Credit Suisse blocked came and digital assets and toes the New York City with more Sima. I'm less thank you and yes joined by Gary Cohn as well as Hector Hoyos does the CEO of integrity accompanied us trying to marry cybersecurity and blockchain accompanied that Gary You are invested and so let's start there following your high profile departure archer from the White House. I'm sure there are a number of companies I wanted you as an advisor and investor. Why Julio's well? I think we should have hector talk about the phone and and what we've been able to do but I'll start with saying this. You know when I was in the private sector. We always worried about secure data secure communications and securing our clients data when I went to the public sector. It's the same issue we had to deal with secure data secure data secure communications. What I found out is that the public sector didn't have a better solution from the private sector when I left the White House? One of the challenges that I set out to see if I could be part of the solution was in finding a solution for secure secure. tiffany insecure communication. I happen to luckily find find hector who was working on the problem and hector has created a secure phone. And we've been working on that for the last last two years. Hector there has been renewed concern about cyber security hacks as well as data privacy. Your goal is to create the world's most smartest and secure phone phone. Seems like a great idea at a time when we're really concerned about security but how exactly are you doing it. So many companies attempted to do that in the last few years and the problem was that the operating system they were using was insecure android is now secure. The IRS operating system is not secure. So well we did is we took the operating system from a company in California called Green Hills. Software for that for twenty years has been the operating system running the nuclear bomber wing of the United States to be wanting to be to be fifty to thirty five all of our nuclear missile and guidance. All of our nuclear systems run on integrity. So we do we took the integrity operating system. Put it inside a brand new phone that we designed from most of the folks that used to work for Motorola Mobility that we're pros now and now that means that this phone if you have a phone and I have a phone and you call me that call automatically is secure. There is no nobody can intercept that call or the text or the email now. If I have an iphone and you call me with this phone you can still make that call or that call will not be secure now. Integrity in twenty years of being in operation has has never had a single hackel vulnerability because that's how our nuclear weapons arsenal has been protected. And that is the type of capability that we have created and brought to market Gary. You mentioned this at the top but uh what was it about your experience in the White House that sparked your interest in blockchain and security. And Are you gonNA pitch this phone to president trump. Well I've been involved with security in sure data my whole life and making sure you understand what you have who you haven't who you're protecting it from whether you're involved with the merger transaction you've got material non public data who gets the seat in the organization. Who Does it you move to the White House? You've got a whole a whole different level of security concerns so it was one of these areas where I always thought there was a better solution and when I got to the government there really wasn't a better solution and I saw what we had to do. Want to foreign countries with phones the way we had to change phones out and what the what the security security administrations did with the phones and how they couldn't make them any more secure than the private sector could. So I said to myself there has to be a better solution solution for this long time. And that's how I ended up getting involved with with actor and then the unique part about it is we also found out that with inside are secure environment. We have a wallet which we really. We're planning on developing a wallet but we ended up with a very secure wall and secure enough that hector and his team ray-ban secure over. They were able to secure a million dollars of insurance per watt Oliver User which is pretty impressive? If you think about that yeah certainly a growing area digital payments. Let me send it back to Melissa. Leeann Studio Yeah Gary. Hey great to have you on the show I have. I have a question for you. I mean you've been out of the White House for some time. So you've been unfettered so to speak so I wanted to ask you about the tax cuts in what you make of the success of the tax cuts whether or not so you think they were in fact successful Fedex Scotts and blowback in the New York Times for saving a lot of money because of the corporate tax rate going down. They pay zero taxes according to the New York Times but didn't spend it on capital expenditures. How would you measure the success of the corporate tax cuts so? Let's let let me let me leave. That acts in the New York Times and everyone out of this discussion and talks about the tax cut in its entirety so if you look at tax collections two thousand fifteen thousand sixteen thousand thousand seventy two thousand eighteen believe it or not overall tax receipts went up each of those years. Each of those years we had higher and Higher Air Tax Receipts Yes. Corporate tax collection went down by a small bit of overall revenue but personal income tax. went up that's exactly what we would have modeled we would have modeled. The corporate taxes. Men went down with the rate going down substantially and then personal income tax would have gone up because we modeled there to be growth from the economy and we saw that we saw that by the unemployment rate coming down and we saw that by wage growth. So exactly what we thought was going to happen when we projected did the tax cuts is happening and we see that and so. I'm very pleased with what's happening with the tax cuts right now and what they're doing for the economy that is it's all happening. In spite of the fact that we have tariffs on steel and aluminum and the other major inputs that you would need if you were going to go out and do a big cap ex expansion and the fact that our trade is down substantial China those two things really do impact the amount of capital expenditure you have and then put on top of that. The newest ingredient is what is the geopolitical climate can look like going forward. There are some candidates right. Now that are running with agenda with an awful lot of government reform in the corporate world. And if you're thinking of doing a ten twenty thirty forty billion dollar expansion in the United States right now. I'm not sure sure you would be acting as a good fiduciary as a board member to want to go do that capital expansion right now until you understood what the cost of that was going to be in terms of employees in terms of healthcare costs in terms of profitability cost in terms of sir tax cost and terms of understanding all of the different plants. In what may come into legislation or what won't come into station on that political note. Gary we've had a lot of major. Investors make predictions as to how much the market would go down under Elizabeth Warren or Bernie Sanders care to venture a guess I mean Paul Tudor Jones's in their league Cooperman and they're down twenty percent on twenty five percent. What do you think it's not my job? I'm not an equity strategist. I don't run equity money for a living. It's not what I do do for a living right now. I'm spending my time on figuring out how to solve the hack ability of digital communications and that's a lot more fun. Well that's that's a good answer here. But in terms in terms of running a business and seeing what the business environment might be more conducive to business under a warrant or Bernie Sanders presidency or another trump presidency. Will you know the answer. The trump presidency is obviously more more conducive to business business under the trump presidency. And you've heard me talk about this. We've made the US much more competitive on corporate tax standpoint. Our tax rate is still very competitive or not the lowest in the world in fact India just cut the corporate tax rate to fifteen percent. You look at what we've done in the regulatory standards in the United States eight. We've made our regulations smart. We haven't just deregulated to say we've deregulated. We've deregulated to make ourselves competitive smart. We're still a highly regulated environment here in the United States and the business community is driving because of that and you see that in the jobs data and the jobs number and the unemployment report we see wage growth over three percent. We see unemployment around fifty year lows. Those are good numbers. Those are telling you that the Corporate America the Corporate America is investing in the US economy. But some will argue that the tariffs Ah the uncertainty of the tariffs are basically undoing. All of that good that president trump has done for businesses. Would you agree with you you. You know that I'm not in favor of tariffs I understand. I think most of you understand that our economy is eighty percents service driven. That's both on the GDP side as well as the job side so to the extent that we can make imports more affordable cheaper in the United States it means that US consumers. We'll we'll have more money to spend on domestically produced services and that's good for our economy so I am not in favor of tariffs I believe that the tariffs are hurting the corporate environment and the are hurting disposable income and as you know and I know disposed Lincoln. What's driving the US economy? Gary you re people as well as anybody I've ever met you. You would next to the president for quite some time in your opinion. President trump moved the tariff some August until December fifteenth. If there's no deal will he blink or do you think he will go go through with the tariffs on the fifteenth of December. A Guy. I think if there's no deal he'll go through them on December fifteenth. I think he's giving himself time time. He's got them through the other side of the holiday season and December fifteenth is a long time from now in terms of terrorists negotiations associations. There's a lot of other things that have happened in the United States including debt ceiling continuing resolution. I think that he thinks that that's a forcing function. And if he keeps blinking he loses credibility in the Chinese is alright Gary you'll go forward with phase one deal go ahead got oh I was just GonNa follow up there. Do you think that the president will follow through with a phase one deal that satisfies the Chinese but doesn't really address some of the core or issues with the Chinese practices like theft. Look I hope. The president follows through with phase. One deal it's important for farmers are farmers deserve to be growing in. Crops are farmers deserve to be exported. It's important for our US economy. We should not be in this position right now if as one deal is important to our. US economy so in a minute. We should go through with that. We'll see if we get there. Gary Cohn and Hector Orioles. Thank you for joining us today. Thank you I'll send it back to studio all right. Thanks thanks Gary and Victor and don't forget another big interview with Goldman Sachs Senior Charon Lloyd Blankfein on Halftime Report Tomorrow at Twelve PM Eastern time. What do you make of Mr cones comments? Well I agree getting through phase one. I'm not sure we're going to really define phase. One is being a victory or not I. It sounds like there are folks in the White House to truly believe that we're not giving in. We're forgiving in too much. We're not digging in enough but as it relates to tax policy. And you know we have A. We have a deficit that's four trillion dollars And that's something that Historically especially for this type of an administration I do mean a fiscally conscious Republican Administration. This would have been unheard of So I I think the outlook for getting through this period. It sounds though that you know the the Goldman line and I don't mean his line. I mean what we talked about earlier today is that the economy is relative to this trade war starting to get some reacceleration and if you get that this service based economies in good shape I brought up the terrorist and whether or not their undoing the good of the tax discuss because it was an op-ed and fortune today basically the first year and a half two years of the trump presidency was very pro business an with every single tariff that has gone into effect that is basically basically worn away all that good that was done for business it I actually look at it the the opposite I think he did the tax cuts for the corporations to allow them to prepare for higher men in the trade war so I think that's the key and by the way the reason why we had to run to the market was deregulation tax cuts. That's it so what what's interesting. View I have is also that the tax cuts basically through through fire on on an economy that was starting to reaccelerate and actually brought the Fed in to have to play a bigger role than we wanted the Fed to play which caused a lot and in fact the Fed which is certainly certainly the administration has been very critical of is a function of really what they did. Because I'm not sure we needed the corporate tax cuts to stimulate the economy. Maybe they structurally needed to happen. But at that that time the economy was giving you what you want. I think what's notable though the industrial economy the stocks that have gotten the benefit of the tasks are just beginning to turn up here. Look at the Parker Hannifin. The dear even the Boeing. So the idea that you are still on sixty five percent right you so the idea. That is a one time thing I think's a mistake. There's animal spiritual that have been unleashed and the industrial stocks are finally starting to reflect that all right coming up for setting up for a big electric vehicle battle with Tesla. We'll tell you how to trade the red hot EV space. The scene retailers no longer to cool for school. We'll tell you what the latest retail wreck means for this group much more fast money right after this Welcome back to fast money Ford Motors officially breaking into the electric vehicle space with its new Mustang Mach E. Let's get to fill Abo- with all the details details. Hey fell. I'm Melissa. A lot of chatter today. Pardon the pun for me saying this but the chatter is whether or not the Mustang Mach e has the horses take on Tesla and win. Here's what you need to keep in mind when you look at the Machi first of all the range when fully charged up to three hundred miles a ten minute quick charge you'll get forty eighty seven miles. The base price is expected to be somewhere around forty four thousand dollars when it comes to market late next year and they know that there's a lot of competition coming. That's why Ford needs. It's the Machi to be successful by twenty twenty five more than one hundred. Electric vehicles are expected to be on sale here in the United States. More than three hundred and fifty in China and what's coming the next year that the folks that are going to be paying attention to the Tesla model y now the model wise expected come out late next year round the same time as the Machi and they're going to be going after after the same market. Melissa they're going after the person who wants a crossover or small. Suv In that thirty five. Sixty thousand dollar price range. That's where Ford believes that it can beat Tesla at its own game the race between electric vehicles. That is really going to heat up late next year. Guys back to you the secret ingredient to all all this fell though is that Ford is making these cars and Mexico so the price will be cheaper right and so therefore it's more competitive with Tesla. Yeah Oh and we talked with Jim last night the CEO Afford and he said that's the way we make this vehicle profitable it plans. They plan on it being profitable if you strip out the cost because in part it's going to be built in Mexico and we asked him. Are you worried that the president will say well. Why are you building down there? You should be building here in the US. He says look. We're going to build a lot of electric vehicles here in the US. We think the trump administration understands our position that we have to use all of our facilities. Not just those in the US. I fell thank you Phil Abou- so in California for us is this GonNa make four more competitive I mean their game plan is to electrify their iconic vehicles. So after this the the F. One fifty for instance but you know the other side of that coin is the Mustang Brennan Iconic and the fact that they're using this to me. I don't know I I'm sure they had many meetings about this at a lot of focus groups. I happen to think of mistake. Good for Ford though. They thought they were GONNA bounce. Stock didn't happen today. And quite frankly hasn't happened and for the last eight years so although they may be more competitive you know. They've been behind the eight ball seemingly now for the last decade. I don't know what makes the stock go higher. The car might be fantastic. I don't think the stock is wrong with the stock. I think it's remarkable. You've had a rally in global autos the last couple of months with Volkswagen and BMW and Toyota And Honda and Massey's can't participate four doesn't work. GM doesn't work so it's clearly saying there's still something wrong with this picture. I think if you're GONNA play autos by Toyota don't buy four when when you look at the vehicle it's obviously it's a copycat of Tesla's vehicle. There's nothing that stunning that says. Okay I need to have that. Over Tesla Vehicle Geico test is still made it cool Mustang that Mustang. Let's say the car looks Carlex. Nice but the Model X. is what everyone's everyone's chasing this is the price point of the model three but I still think Tesla fortunate way ahead of this and that feel like they're they're way behind even the GM speaking of Electric Vehicles Tesla has been on a recent hair. And if you're loyal viewer of the show you know that Tim Seymour has been short the stock so how exactly athlete is he navigating this trade time to go to trade school classes and sessions. Tim Want you break it down for us. So I I just want to talk a little bit about how someone should think about any short. And then specifically how I've been thinking about Tesla ultimately advocates. Here where timing is essential and as we're going to get into this. I'm going to show you where on a chart. I thought Tesla which you'll get a five year chart really didn't do much and also had this period but it wasn't until really January February of two thousand nine hundred nine that you started it opportunity. We'll get into that. Remember size your position this is also so really very important so how going to put the short on for many people short is more of a hedge than it is a tactical short a tactical short folks To me should be a two to three percent position. Maybe four present position if it's very high conviction if it's a hedge it's a totally different ballgame and then finally define your risk so to me. It's very important to to understand how I'm getting my short exposure and in the case of Tesla to me a majority of this position was put on through puts where I thought I could be much more tactical but more importantly define in my risk for a stock that I actually think really is a very difficult one to bet based upon fundamentals. And frankly we've seen the irrationality of the stock on the way up in the way down. What it simply just WANNA share with five year chart is you had a dynamic here where clearly for the most part you had this move? I've been look you've been watching this show. I've been negative on Tesla for a long time. I didn't me necessarily felt the need to go get into the market and actually short it. I probably just told you that I thought the valuation was awful. I didn't understand why people weren't talking about competition for that. You had a dynamic world to me. You were going to get I think some rerating in the share so finally. Here's where I decided to get involved in the trade and where I felt it was time to actually be tactical tactical and take a thesis thesis that I had was really that we're starting to see Destruction some fallout some flaws in the balance sheet. And as you remember somewhere around here when we got q four earnings of twenty eighteen is when the stock really starting to come under some pressure for me. I started somewhere around March putting putting some puts on and I took a small short position in the cast and ultimately by March as we got into April you started to see an acceleration of that as we got into first quarter orange. You GotTa dynamic where people were really able to get in this so puts I think you have to trade them very aggressively. None of you need to find your risk but you actually have to trade monthly puts and trade them actively as we got into April and May it was a case where at 175 I thought Tessa was a company that was actually maybe going to wake up one day and tell ah they're restructuring and right around here I bought one seventy five puts and rolled them down to one thousand five as they got money. Ultimately you have a case here where where I think it was a company that somewhere around here I thought maybe it was going to break and I wanted to be aggressive. The cash short is something that I still hold. But if you look at the average position it also gets to a place where you've got it really a ten to fifteen percent loss in the underlying But that's a function of mostly playing at tactically through puts and then having cash short. When I look at I look at this run for the last three months ultimately? Where do I WANNA be? Well three seventy is the level that I think I have to be watching. And where I it would probably be blowing out this short. But I don't think we're going to get through three seventy until we hear from the company on q three and q two where's profitability. Where's the company in terms of the balance sheet that last quarter but showed us a lot of opportunity but at three seventy? That's where I think it's important to say cash position which is about one third of the overall is time to go so I think it's very important to him to underscore the point that you can be short this stock and depending on how you do it just because the stock is up forty percent in the past month so that doesn't mean that's how much you're down on this trade. Yeah so as I said I was pushing the stock somewhere around one eighty five two hundred Dr momentum behind me and I was pushing it through puts those rolling down and trading pretty actively the cash position that I've held as one that To me also allowed me reinforcement of my underlying but yeah I think if you look at my average position I'm probably around three ten three fifteen overall exposure in the stock cash and puts and I think at the three seventy five if we get different news from the company. I don't need to stick around and wait to this. I still think it's got enormous fundamental issues. But I do think it's case ace where you don't need to stand around and wait for that higher lower over here. I thought lower swamps Tim Scam Jeff raise the price talking to four hundred. I think your catalysts could come in the form on November twenty first going to roll out this sidetrack. Cyber truck can't wait for that. That's I mean so we'll see I mean that's the level that we saw three seventy five. Ish was lovely June. Two thousand seventeen. I'm with Tim. Obviously the cash flow position has improved. Which is why the stock is going up? One hundred dollars a month and a half two months. But I think it's over excuse just quickly away higher and I think there's higher that the Tim's rule don't marry shorts and watch the debt and the debt and Tesla has improved here coming up wonderful retailers falling out of Fashion Shen with Wall Street today which names are not so hip and is it time to buy this dip plus chip socks on a tear this year in the options market betting one is about to break after fresh highs. Don't go anywhere much more fast. Plenty right after this. Welcome back to pass eighteen retailers falling hard today ahead of burnings and as we head into black Friday so are these retailers forecasting more pain to come look at those declines guy. Those are all the places that you shop act should should all three this weekend. Is it turns out Short Hills Mall when I walk in I bring down the overall age when they obviously urban outfitters has gone from from twenty to thirty. So if you're looking for a short covering rally I think you've seen it already. I mean these stocks traded fig valuations. But they shouldn't trade it big valuation. So I think people that have enjoyed the move love especially in Bien getting out ahead of earnings. I think that's the right thing to do. This whole this whole group was usually the High Beta names for retail. So you wind up seeing B.'s. React up and down sooner than you see the overall group but urban actually has the nicest chart. I'll refer to you on this. But it's got the nicest chart out the three of the four names. It's the one name of the bunch we can say. Okay this is Bible weakness. But what's remarkable is for as bad as these are loose still great Nike still great so to call these retailer retailer. Wise Lulu Manatee Retail Wise Nike. Not One I think those are better charge. Urban is the best at this age. Abercrombie assure those pictures shopping this weekend. I heard you buy yourself a nice new shirt. I did see cup to the mall and I tell you what you have trouble spending money and some of these stores but what I would say we obviously because it's heavily discounted and and that is an issue when you look at the gross margins and number these names. I think they're under pressure. I agree with Chris. Sale easy there enforce the soaring. Siamese stock is up nearly sixty percents this year and options traders are betting on an even bigger chipper ahead. We'll break down the action. Take a look at the Kramer Cam. Jim is talking with the see of AIRBNB. Ahead of the company is widely anticipated market. Debut that full interview coming up at the top of the hour. Live the Nasdaq in Times Square. Much more fast money still ahead. Welcome back to fast money big interview coming your way tomorrow Qualcomm CEO. We'll be live ahead of the companies analysts say the options markets bidding betting on big things heading into tomorrow macos breaking down the details from San Francisco. He likes either. So we saw calls outpace puts by about four to one weekly call options where the most active I was actually looking at the February. Ninety two and a half calls over twenty two hundred of those traded for about five dollars so buyers of those calls are betting that qualcomm could see some new all-time hi within the course of the next couple of months and if you take a look at the price of options the implied volatility. That's when you can see whether events like the one that we're getting tomorrow are going to lead. To more volatility for the stock we can see it substantially higher. So that's a good thing for people to keep an eye out for if you're looking at catalyst other than just earnings all right. Thanks for that Mike. Mike Cohen San Francisco from our options. Options action tune into the full. Show this Friday thirty. PM Eastern time up next final traits final-straight time Tim from Lowe's is the play for Chris. Rock long facebook ninety seven hundred. Twenty Steve Thou Shalt. BHC going higher talked about snap. If you recall at the beginning of the lovely and I do I do believe there's still some upside in the snap. All right that doesn't PROC- bekker's smart by Jim. Cramer starts right now. What is decision tech by fidelity? It's technology that can help you find a stock based on what's trending or an investing goal. It's real time insights sites and information delivered in your own customized view of the market. It's smarter trading technology for smarter trading decisions and it's only from from fidelity open an account today at fidelity dot com slash trading fidelity brokerage services l._L._C.. Member N._Y._S._E. S._I._P._C..

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Fun Money Management and Impact With Anthony Sarandrea

Run With It

43:17 min | 7 months ago

Fun Money Management and Impact With Anthony Sarandrea

"Welcome to run with it. The PODCAST BRINGS YOU BUSINESS. Ideas from established entrepreneurs each episode. You'll hear a new business idea and the exact steps our guest would take to get started. Follow through and you can earn a free mentoring session with today's guests and potentially a business partnership your hosts Chris Justin Janney Chris. Justin and I'm Ethan Janney in today's show. We have Anthony Sir Andrea. Anthony started up door knocking and built a company to one hundred thousand day. Plus with over one million customers. A year is recognized as one of the top customer generators in the world running a team that drives over one million customers each year today he runs a profitable portfolio of websites ranging from commerce to content blogs that combined reach millions of buyers each month is consistently featured as one of the top under thirty year old entrepreneurs and was featured alongside snapchat founder. Evan Spiegel as one of the entrepreneurs that are changing the world anthony. Welcome to the show. Some boys thanks for having me. We're very glad to have you. This is exciting. You clearly are very driven guy. You've accomplished a lot. Which I think is going to translate well to our listeners here so we'll save some time at the end of the podcast. Talk about some of your current benchers Copa. You've got a business idea that you are eager to share with our listeners. And have them run with so tell about business idea. Yeah I like it I mean I I heard about the formats podcast. I was excited in kind of like doing things off the cost of so the first thing that comes to mind for me and we'll talk about it later type of work we do and and help people with but it's to help people with their finances and I think it's incredibly relevant right now especially with Brana virus uncertainty in the economic landscape. Things like that to start looking at people's financial situation essentially for lack of better words so one of the things. I noticed that again to will flush out Morse specifics. Here are a lot of times in my brothers do it. My Dad does it. My family members and these aren't even poor people these. Are you know middle class? Working Americans checking their bank account before when they're at the bar over and over again to see you know what balances in there and you know. One thing that I always thought would be phenomenal. Is to have more clarity around your finances week to week day by day month by month and you know there there's APPs out there that help but some of this stuff but overall understating like almost like you know. How much money do you have projected for the month or Kinda like like even in business setup projections and pro forma is for the year but you know? How well are people doing that for themselves? Week by week month by month year-by-year not very well. I think a lot of a lot of times you know. Get a two thousand dollar check deposited on Friday. That you don't really know like okay. I know I have a net flicks I know. Have this my credit card this you don't when they're gonNA hit how much you're out at the bar and you're Kinda like professionally and I and I get another vodka Soda Right now. You know what I mean. Fear like you go home like Thirty Bucks Mike. What happens if my Xyz hit so essentially. Like I don't know if it's an APP format or something that that I think brings clarity to Americans kinda finances day by day month by month minute by minute versus log into your bank account out at the bar and see like okay. Do I have enough to buy a drink type of thing? It reminds me of mint yet. Yeah Yeah it was a service that I used to love for not really We don't typically bad mouth to not a big fan of the way it's got. It's almost useless to me right now. So sure it was something that I was using religiously in I guess I'm curious. Why do you think this this is a common problem? Why do you think someone has figured something out here? I think a lot of it is that there's this balance right between like a meant that could be overdone versus. You know drilled down to like you know for for instance like the Credit Karma of the world. I think have done such a good job of making a credit score. Like almost like what? How much do you weigh? Almost no that is like what your credit score is as well too because it's very dumbed down to that it's like okay you know. And and there's this obsession around raising your credit score because it's a very tangible one number you don't get lost in immense. Got A pie chart of this and this and this. I think it almost needs to needs to be a lot more simplistic where it's like every there's plenty to do this to every charge you make on your bills. You know we're going to round up to the nearest dollar. Except instead of investor this it goes into the fund money pot or to the to the social or you know whatever you deem is your you know what you WanNa do with. Essentially your your extra funds at the end of the month. Maybe you just see that number. Where it's just chipping down when you're buying vodka soda that may number for that week is going down versus again. The Pie chart here so much coming to the utility bill to this to this it gets overhaul located for what is it. Americans have a sixth grade reading level. I think it is so now on your your brand very complex kinda thing to them versus again here Credit Karma. You kind of you just refresh it. You see what the number is not what. You're watching all the details. Are there great but you know what does that dumbed down one number on their tone again. We could flush more through the idea. But there's something broken when people are doing archaic things again an archaic thing logging into your chase account with your long password at one. Am at the bar to. I don't know what is the fix around that. But there's something archaic about that process happening over and over again in multiple times throughout the day that. I see an opportunity for one something archaic broken to some that people are obsessed with their always checking net. So what in and out former? What in what form in you monetize out of that. Can you offer a better solution for because the obsessions already there in? You know in my opinion Archaic I just want to bring this up. I had this thought you know. There's people install in their email like to prevent themselves from doing drunk emails right. It's it's like a like a stall on your email album before you send the email. Yeah Yeah exactly. I'm imagining an APP. Where it's like it freezes your car. Pro doesn't need to be. I mean maybe it's it sounds funny like I agree when you're out in drunk but like there's like the don't tax my ex apps shit like that were you. Don't need to be drunk. You can lose control and do it like maybe it's even like to your point. It's a it's a I'm going to set it up that you know if my account You know this amount. I'm not allowed to make any purchases out of that. Because I've already plugged in all my necessities outside of that. Like I like the idea of setting up controls for ourselves around around are spending. I like that. It's nice couple of interesting questions that come to my mind as we're talking about this answering my own question around. Why hasn't this been done? And I'm thinking about the incentives out there for these companies and chase or wells Fargo. Whomever it they're not incentivized to let you have a better financial picture. They don't want you to be able to have a clear grasp of I spent this much money on alcohol this month right because if you do then you probably would would spend less. It's like putting the calorie count at McDonalds. You see that. Oh my God this fifteen hundred burnt. I should get a small. So that's one point that comes to mind. I guess. Just the playoff outlaw. If you don't mind me jumping in yeah foot you know we forget like what's the most profitable product for bank is actually. You're checking savings account. Because they're able to pay you point point. Oh one percent interest rate GONNA to lend that at six eight making up three. To whatever percentage rate so you actually having cash in the bank actually in a way is again to his people also spending money taking it out as well to cash bank is actually a theoretically incentive for these chase wells. Fargo's for you to not go buy a new march or something like that. 'cause then there's more cashing there for them to Essentially lend out. Yeah that's interesting. That's why they get. You did get the credit card to that's linked to your bank account and they can make money from Ya. I like your thought though. Like essentially you know setting up Something that monitors like a lot like you're going to work an hour on facebook or anything like that but I don't see I think to your point. It's simple enough where it's like. You got the idea very quickly like a mint. It's like it's a budgetary player like school. Get it but Tho. You know okay like But like very simple like hey settled. After midnight on Friday and Saturday you're not allowed to make another charge or set up. You know there's no charges exceeding of this in the APP you know essentially put stops in place because you know you're not calling the bank or you're not checking the I like that. I think that's a great idea so easy APP to us with his. It's actually nice. Excuse for your pals at your drinking with Another round but like my man. And then maybe you didn't get bought a drink. I'll get yours then. I love that no I like it. I think that's It's interesting because there are a lot of APPs and things out there that prevent you from doing things. You don't want that you were. I guess. For lack of better words than people. Spending Habits are addiction in a way to offset the more we hear the buzzword machine learning a lot and I think about that ear because it seems like machine learning would be able to help with categorizing expenses. Right now. Meant as a horrible job of categorizing. That's quite bugs as well. I can't tell you how many times at the end of the month after back in say that's not a that's not like a whatever a book purchase that's a web APP purchase or less contact but would ever have to re categorize things manually. And it's it's a yes surprising to me that it can't do that but if you solve that piece of it than it seems like that's a bridge to everything that we're talking about here right if if you solve that piece of okay. If I'm this sort of spending at a snake and Jakes so far neural it's Christmas teams year round is great. But you're spending a Lincoln Jake's you should have enough data to be able to say okay. That's bar are for short That doesn't need to happen on an individual basis right. I mean it's interesting. You say that we have a full time keeper. Who does a lot of other stuff do? But at categorizing re categorizing things. It can become a fulltime job. I think that's where you get back to wire in the midst of the world working as it turn into a part timer fulltime job versus to. Ethan's point you set up a couple rules for yourself at sorry chargeable. Go through oops are blocked or whatever it is. It's hands off. It's easy it's running on. Its own but yet to your point the machine learning I'd say a bigger more enterprise value picture is very interesting because I agree. These companies do tremendously bad job at it today. I think it's a good time to check in real quick. And maybe restate would you see the solution and the problem as before we start talking about some of the ways that we would monetize validated. Let's go through Ethan's idea. Let's go through that so I think the problem is people. DoN'T HAVE CLARITY. Or control over their financial. Spending and the proposed solution is essentially setting up cannot rules and walkers for yourself that if you are in a or state a decision making whether again intoxicated drunk. Or maybe it's your you know at the Casino or you see the Nice Watch you want whatever those you know. Where essentially your emotions arising again the better of you? You've got a checks and balances in place there so similar to spend more than our social media before facebook. Age doesn't load on my browser EPA solution. I like that. Nice thing about that too. Is You could speaking a machine. Learning like the APP could learn actually would is in people's best interest right. You could even do surveys at the end of the month. How did you feel about your spending this that you could even mark charges that you're like? I don't WanNa do that next month. Right and it's kind of I think. Part of the problem with this stuff is the thinking aspect you know you gotta put in the mental energy to put in the willpower whereas of an APP is curator. Not only. Did you say you didn't want to do this stuff? But you know we've learned from users that they typically in retrospect WanNa do this stuff so we've curated this kind of plan for you that you're GONNA budget the certain amount at the at the bar or you're not gonNA spend money on something stupid here there for sure. I mean again. Getting back to enterprise value the amount financial data. You're collecting that is observed to be Exactly Ethan. Spending Habits is incredibly valuable of access that data even through a a simple. Sorry don't go on here. The Challenge Again. We can talk through two is. Were kind of like the salad option instead of the McDonald's and instead of saying let's be a better tasting really bad for your cheeseburger that people are probably going to do anyway where the salad option which is Great. And you know you should do. But people don't really like us. Imagine someone at midnight and they're trying to a girl a drink and then they're not allowed to. Because of a rule they set up earlier there at that senator. So let me speak to that. The other side of this. That could be more. Inspiring are exciting would be enabling people. Hey if you each month or each paycheck you automatically have a certain amount funneled into your goals your financial goals. So let's say you WANNA buy new watch or you're saving for a car down payment and you said it's such that five percent automatically goes into sub account. That's just. It's not actually even a different account. Maybe maybe it is but it displays new car fund or whatever there and you can watch that balanced grow and it slowly gets there. You're on track. He gets that green level and says okay. You can go get your car go nuts. This is your budget that put up there and then on top of that you can also make it more exciting by. Let's say you get a bonus or you're doing really well with your account. At some point you hit like a an accelerated button or something like that and it puts an extra under bots and all of that gets filtered into those categories appropriately. I liked I think. There's also like dealing with just keep digging on facebook type. Apps on your browser. I think there's you could get on facebook. You'd have to jump through hoops by it. Just creates a little bit of a barrier saw. I don't necessarily hate that APP and I guess I haven't been downloaded it or deleted it. I just you know I I know if I really want to get on. There are from really like again. I'm buying the drink at the bar with the girl. I gotta jump through some hoops. I gotta go to the bathroom and I got a tax message yet this now. I gotta go here like two or three hoops for your software or merely locked out of your house but you gotta go around the back around the key. At times it really worth a minimal amount of disincentive. There is enough oftentimes for people to question okay. Do I need that Jake? I don't feel like solving this math problem. Wherever the adamant is I think what you brought up was rain inciteful in that. You need to have something. That doesn't just make this salad option. Otherwise people aren't going to aren't GonNa want to use it. It's not gonNA be fun to US every Saturday. Ideally it can make this to be something that people are excited to log into. I'm trying to think through it to to to we were just talking about is like instead of just you know Nolanda spend like. Is there a way to frame it as like you're able to to get more you're able to Blah Blah? I'm just making stuff up I'm trying to think through again how to make it not necessarily a better tasting worse for your cheeseburger than McDonald's example. But that really is human you know. Most human nature is very tough to get. It's easier to get for McDonald's a Burger King. Then Solomon go in you gotta sell to people on their short term emotions and rewards thinking I like the term that used fund money like I feel like if you call the APP on money right and you're going to sell way more than if you call it save money. Actually that's interesting so I wonder if you could tie it to savings right so you say I wanNA put one hundred bucks into money and if I do that. It automatically puts two hundred dollars into savings for sure. I guess there's a couple of interesting things there is. It's like to Ethan decided instead of the facebook blockers. It's essentially allowing you to do facebook more like frame so it's allowing you to go buy more drinks at the bar type of thing because now it's you know like you said either in allegations going there or Rate when you deposit your check it automatically. Let's it's two thousand dollar check automatically goes through your bills. This is boon than a pop sound. You have six hundred dollars fund money for the rest of the month and that's the number. You're watching you're watching the fund money number versus unclarity in your bank account when you see again fifty boxer like I don't know if that's GONNA charge in the morning. Come out for that. How's that GonNa look and it's just. It's a rolling fun money number going up or down. And that's the thing that you're you're opening that up and just refreshing it to be like. How much money do I have left? So maybe it's not even a like. Hey don't don't charge anymore a more basic idea but I think it really sticky because people logging chasing their wells fargo then versus opening the APP refreshing to me like this is how much fun money. I have left that. I'm able to spend until my next paycheck. I think if anything like it's off to the Arctic Example or just of one number to watch that. Just kinda dumps it down and it's easy to see. I'm dying to ask this question because we have you on the on the call and it's pseudo relevant here so you know you've seen a lot of success with business. They've had money in. You went from not having money to having money when you think about your fun money and budgeting like have you increased your money commensurately to the amount of income that you're having over the years or do you keep it like steady at a stable low number. 'cause you like you don't need that much like what's your approach to Co Fund. Money really interesting questions. I grew up in a middle-class hall not poor paycheck to paycheck. And because my would gamble or drink or he would just spend it on on fun money stuff real quick and then you know by the time it was the Friday check. Monday comes in tuna again. You know type of thing where it was always fun when my dad got paid for two or three days maybe four days and then after that it was all right back to a lower level living so I had to reverse train a lot of that thinking for myself because when I first started working I remember I did a check and go spend it all lit every dollar and I was like it. Sounds silly to some people. Maybe not everyone listening I was like why am I saving and again trump's younger but what is savings dude? That's not fun to save money. I should if I made it. I should go spend right because we have another check in a week and then start learning about like a well. What happens if a disaster happens or you WANNA have savings for? Maybe something bigger you want in the future you know getting those aspirational things. Maybe it's a house it's a is this that one day but is your question as of now and really answer is I live. Well well well below my means and I think a lot of it is partially because I'm still trying to wake up every day with a poor mindset like thinking that like I need to go like like I said till three. Am yesterday working. Like I don't really need to stay up to three. Am to work. But in my head like I woke up that morning like I gotta get it today by last day because otherwise it might not be you know what I mean so I really have not. I definitely have not. It has not stayed on a steady trend of like let's say twenty five percents buffer of fun money. Were now all of a sudden? I'm on a yacht every three days. It's kind of leveled off after a certain income level and I don't know if that's the same for everyone but it has been for me at least do you think you'll get to a point where you are on a Yada break three days or you live on one permanent. I just curious and I guess the reason I say that is anyone listening. Who's made good? Money is at least for me. This is my truth. Doesn't mean it's for everyone but I see why Warren Buffet car and he almost pretends to be poorer than he has in a lot of ways. I think it's because you start to realize you start losing distance between you in those that are close to your friends if all of a sudden your honestly even So I I'm really mentally up because I started a hiring. All of them are paying them way. Way Way too well and thinking okay. I'll even pay for stuff when we all go on a yacht. I'm paying for it but you realize they're still this incongruency with people. I've known for a decade. We're now on paying for them for everything. We're still not on the now because I'm looking at it differently but they're feeling some type of way in masculinity or something like that so point being is like you know there's a joke there's a lot of rap songs saved lonely at the top stuff like that like. I think you know I started off. Started making some money started buying some nice things. I started like. Whoa going right back to normal because I was like if in socks to be you know in the south people like it sucks. Have a lot of money. It's like it close friends like you. You lose contact with now all of a sudden like I can't replace a ten year relationship with someone you know what I mean in that type of Shit is very real as you start making money. So the answer flushing. I don't think I'll be on a yacht everyday. In fact I want to be even more less flashy or showy. You're buying things nice because all of a sudden like you mean somebody else can't connect as why can't connect with the same percentage of people as before it gets thinner and thinner the more money you make at his more lonely in his less fun and enjoyable in life so unless you really love. I think that's why you see a lot of these. People are guys just by an eight different ferraris. Because they're just trying to get a little crack cocaine hit every time because there's really nothing of substance there because they've lost also the answer your question for me at least. I don't think I'll ever be rolling around on private jets and yachts. I think I will be very much. Maybe I'm not driving arouna Warren Buffett in nineteen eighty pickup truck. But I definitely don't see myself having eight sports cars anytime soon. Even even I can afford them. Okay that's great. That's incredibly astute of you to Dec- that before actually going through that loss in Las Vegas type of You know highs and lows you seem like a relatively young guy. I don't know how old you are. But he's figured that out before doing much. I got a little thing. I got a little pasted in it and I really hated it and it was probably I mean honestly not long ago maybe six to nine months ago was really like I was in probably the low. And I'm I'm a very energetic very optimistic. Happy Person I've ever been in my life was probably six months ago. It was because my wealth Rolling gap where. I would literally wake up and want to not. I wouldn't be as happy when the business was doing as well because my friends were in the business and they would see that own like I didn't want my business to grow more. I was like I. I hope hope it stays here. Like I literally would start making decisions that would handicap myself or like if I wanted something crazy ninety to go by for example I I bought a really Nice McLaren to out of my three. Closest friends have never been in the car and almost brings me to tears. Say that they never been in the car because they don't want to make because it's too far of a gap so that feeling very real deep feeling is like really made me realize like the cost of success again. You brought us to say the same thing a few like. Oh you're upset because you have money but is very real and I think if anyone leslie who is at that point it gets to that point will and can relate and maybe you can't right now dude no worries but her real to the few people that I can relate to that it it. It's very hard so we're going on tangent but I want to go for at least one more question here. What motivates you? Now given that it's You know if you reach those goals. What motivates me now is impact. I truly mean that sounds Super Cliche. Fhu Akhara but it really like I remember a great mentor. Mine maid hundreds of millions of dollars. Millions of dollars Said he goes out a certain amount of money. You don't get that same kind of high as making another dollar one hundred dollars thousand dollars million dollars you get it when you see that in other people's for me growth. I think people's Happiness. I think that's a big Tony Robbins. Quote like growth equals having so for me. I feel like I'm playing video game every day. So if I can. Viking grow personally if the company in the team can grow it really And I think I've I'm blessed I've had that mindset from early on to not be focused on again You know material things or money because I looked at them as not. Long term sustainable. But you know what motivates me today is is really doing a podcast like this where I have nothing to pitch. Nobody nobody's at US subprime in credit card debt that we can that you know. That's my target market. Listening to your podcast. Probably if they are you know we have thousands of customers a day. So it's it's not why I'm here. I'm not saying I want you know. Sign up for something my course or anything. It's it's really just used to listen to these to learn so now I want to be able to share any experience. Share I N to those listening as well too so it. It's really impact and being able to simplify my time in that reached on. Not just one on one mentoring with someone. I'm talking to your podcast. That has however many people watch it stuff like that. Yeah that's awesome. That's motivated you to say until three Ms neighborhoods does all right. Let's get back on track. I love de Tangent Tickets Down Ethan. So you've got this idea. Tell people get more control of their finances to joy more to be able to not spend money on things that they don't want to spend money on but You know have impulse control when it comes to money while still feeling good about how they're using it. Overall one idea that we talked about for monitoring it while not sure how far we went down this but we went down the topic of saving different categories. Right let saying I want to buy watch or tail. I WANNA save up for a new car. That sort of data is valuable to marketers to people who sell the goods. So if you're that business or you can take that business. Then that's one. Albany take any other ideas in terms of monitoring is idea. Yeah I think I'm you were saying with goals and things like that is through. I think lending products as well so being able to say you know you want a new car I say. Hey Chris looks like you've been a saving on track for three months or actually able to get you a lower interest rate on auto loan because we've seen that you've been very disciplined with what you're doing here. Yeah and maybe that now because people fall naive to the that your credit score is the only thing that gets taken into into facts. You can literally change a lending industry by now being able to say a because Chris has made steady deposits into his goal fund. Or whatever that is you know you should lend to him at a lower rate or be able to lend him more money. Even though his credit score doesn't necessarily reflect that or is lending history. You know whatever that is now. You're introducing another decision making category for lending against companies. That are lending and things like that. So I imagine credit cards are so loans things like that very much can help expedite people to get to to that level and I think even dumbing down out till you know it it really is. It's like literally I see. People refresh their credit Karma APP. Just to see what their credit score is when they're when they're bored. I JUST WANT. I can just imagine someone literally just big on the APP. Just how much money you have left for the week and it's just you're just refreshing that you're playing with it and then it becomes now you're addicted around that number it's Kinda like is you know it's like a score for game play basketball great but we play score like I'll send your more invested into. It's an it's very dumbed down very simple by through there again. I'm putting my goals in there. I'm putting my connecting my bank accounts. I'm getting a ton of data as the APP to the able to do that. And then I'm able to monetize the individual through lending products to they're essentially giving me the pieces they're saying here's my financial picture there. Give me all that data. Here's what I want. Great Wall I WanNa expedite that let me. Here's MONETIZE IT. With expedite of Israel. Today here's we WANNA be given visas. Boom versus almost financial companies are. I don't know what this is or they don't have access to this on. They're trying to get both. I think it's a very powerful data. Play really this off something. I've been frustrated with for many many years. My undergraduate degrees in music jazz piano performance and know getting either ten ninety nine or just getting paid in cash or all these things and then to go to try to buy a house or something like that they all wanna see your W. twos and like I don't have W. Twos but I've been making money like. How are we going to report this? How's it going to look at? That's great to have a resource as an APP that tracks your spending but can also report your good financially without you. Having bother with the typical financial instruments. I love it dumbed down to for these financial partners that ideally you know the part works with and says exactly like you sound like a you know. He's a musician and instead of them being like okay. GimMe all your statements over here and here and here and then you paid with cash and to your point. I didn't see what you do. Cash and how financially savvy you are but if I can in one place to see how financially Savvy Ethan is I might be a lot more apt to lend to him and you know maybe you start with. The smaller ought to middle TIER BANKS AND LENDING COMPANIES. And then eventually you know you pull in the era of Chase Bank and you get a billion dollar exit like some of these some of these APPs at how this financial data south lad is a great kind of brainchild of this essentially It's a gateway from your bank account to applications in general and I did I think they sold they raise like some ABS. I'M NOT GONNA say it some absorbent amount of money. I think they sold actually like three billion dollars that just because they had access to what ICAN was doing all day long that financial data they now had and they had it through multiple bank so if Bank of America now had access to what you were doing over on Wells. Fargo Chase in here. They didn't have access to what you were doing. So the central hub of the tip of the iceberg again is the cutesy little. How much money you have. What's your goal and working towards that really underneath. Iceberg is understanding would tracking your footsteps through your financial financial steps and that is an enormous powerful amount of data. The start talking about some of the action steps that a listener can take yeah. What's something that person's listening? They're fired up. They bought into this idea. What's one thing that they can do right now to make progress on? Yeah I'd say I WANNA make progress would be. I'm a big believer in Actually I guess we could go dumbed down as awesome it creating MVP so the. There's a great story at podcast. At Crater the palm pilot backup. Most people go create an APP. Go RAISE A TON OF MONEY. They go spend five years. They won't show anybody because they needed to be perfect. And then by then it's obsolete or something else has come out better. The palm pilot literally carry around the block would with him and said. I wonder if I would actually pull this piece of wood and carry some third party thing on all day long so in meet. Chris. What's your name. Report a block of wood but like this then when he actually went to go he wanted to go get lunch with to be pulled out as block a winning going and it sounds funny because today our phones are third arm literally but but the idea to keep object on you at all times. That's not on your body crazy thought so. Mvp by doing that and was able to essentially provide like I would carry this object on me all day long First thing Israeli honestly if you really want simple see if there's a actual need for it for yourself is you know signing up for amid finding out what you dislike about it or maybe even just writing down on a piece of paper like how much fun money that is and then you keep that in your pocket all day long and then as you go buy something you subtract go and then you circle it is not a very like lammers things I really like. Are you actually obsessed with that number in your pocket all day long is a great first step from there to is is you know depending on you know if you don't even have any resources there's a lot of clubs groups for developers things like that you can really get good at selling a vision and the emotion and excitement around an idea? I think you'll find people that will rally around you for little or no money. So imagine go into like for me like an Arizona State University by development clubs like go to a meeting. They're go to meet up DOT COM with a bunch of developers. And you're going hey. Here's my idea Niagara paycheck to paycheck. Did you Chris Aminullah? I've got this thing. I think is really going to help a lot of people. I don't know if you're on board. I'm this is penny. You're not a developer and be able to find people that will do it for free and you say hey we need an MVP. I'm going to go try and raise money. And then we'll get you paid type of thing where you don't need to give it back with you. Don't need a plot money out of your pocket that Kinda that selling that vision and inspiring it will take action on. Your idea is probably the number one skill set in business. I would say Sony I think that's a great place to start. I'm picturing that. There are certain groups of people who would be more excited about a product like this than others. What do you think about niching down to a certain personality or a castle sort of demographics for people who are going to be really excited about this sort of idea and may turn into early. Yeah I think it's I mean and I'll clarify that by saying. I'm not saying to to exclude everyone. But I of course think of someone who focus on big to focus on that you can use the development of the product and be early ambassadors Evangelists whatever where do you WANNA use? Yeah I'd say So I go back and forth between two different things. This isn't a perfect answer. I is millennials college students so I always joke like I have the number one testing ground. My backyard is the number one the biggest university where if grubs adoption there. It's for the roof. Very Tech Savvy. Young people that have time they don't have those income in money. So you go from like the tech savvy millennial or someone in college right now would be a great place to start to see like are the animate actually tight on cash to or they say that I my thought and then my second day as worried about their finances as a forty year old dad who actually is a better customer for Really Armani Station Strategy which is in a lend ability products to be able to bridge the gap between what they need. Versa college student. Who's just worried about Saturday night so I go back and forth with both. Ideally you know I would start with. Who's going to be the best for monetization strategy can try and start there on. You know who's got the biggest need but also the best customer so for us. It might be someone with a source of income. Maybe thirty five fifty five could have been divorced because kids so they have a financial strain. Maybe they're they're watching their bank account paycheck to paycheck every month. It's not just aspirational things. Like man I want to be in the Lamborghini. It's like I need to get a Toyota Camry for my wife so that she can drive the school or not both just sharing the car so that might be an interesting place to start Thoughts ideas on any of that. That could be an interesting place to start. You know. I think it was interesting. I don't know whether this would sell or not. But there's something about this how you said that impact drives you right now. You know and it's almost like there's a certain crowd that's entrepreneurial but they're also kind of like dealing with budget issues like I've got friends who used to make one hundred fifty thousand dollars a year and now they're broke because they're trying to be an entrepreneur because they're just trying to figure it all out and it's like do i. Budget do I spend on education? Like what do I do and I feel like like something that kind of it gives you a a levels where you can graduate? And it's almost focused on the impact from the beginning. It's like Oh what if one day you know. Maybe it's a year from now. Maybe it's too on this APP. I can have impact and that means that I've chosen a charity them in a donate ten percent of my revenue my income at that. Then you get. The people who have like financial capacity probably got some cash flow and probably going places right where they're going to use loans and financial instruments and stuff like that on that. Just slight twist on that too is one. She understand the monetization model ruin. You understand what you know how much you're making per customer on their through the Linda Ability Products. It's we make a donation on your behalf. Everyone who signs out we donate on your behalf because then to your point there's that impact high to it as well to sign up as it's like eighth and if you buy joining we make a five dollar impact under your name. Where would you like this money to be donated? Here's a less than they send you a ladders Ethan. Thank you for your donation like how sticky of an APP that are to start with to your point. I love that. Donation charitable side of it too. Because I think we're all searching for purpose and impact like you said so call through the APP in value Knowing having clarity around how much actual free money you have or fun money you have massive value their stickiness goal the group. That comes to mind to me one. I like the idea but tying it into this group of graduates to me. That's the time where you have to figure out money for the first time really usually you're not making a ton of money before graduating college issue. Gone Down that track and you don't have a lot of experience getting budget. Perhaps so that's an opportunity to change people's habits right. I love the more tech savvy. Also more tech savvy to also very tech savvy into your point until you're whittling and now for the next if you're under long-term play forty dollars. Forty years of their financial product. Sign up now. Theoretically they look to you to bridge where they are today which they're giving you bridge where they wanted me tomorrow which they're telling you now if you're the liaison between their got a ton of attention all you there. They made by car coming out of college rate. It would need that. I don't know how many would look at housing or buying a house. Rather but definitely renting their association partner with companies. That could be an option. Sure so yeah there. There's some opportunities there I love. I love the even just to start like we said you're just a a personal loan company at the end of the year. Really like you've got this beautiful out that tells you how much free money you have doesn't feel or look at all but rather than that. You're just you're lending people personal loans Israeli if I were just dumbed down just the easiest molestation. Outta the gate. You're helping give extra data to a credit profile for Chris or Ethan to be able to from a bank. You're helping Chris Wreaths and track things but at the end of the day. You're really in all personal loan liaison you're getting paid for every customer you drive on. I think that's a very quick easy modernization. And then there's like you said a dozen hundred other ways to monetize people with data. There's a tremendous amount enterprise value. There's a lot of other things that go into it but even just don't drive revenue day one. I think I think you're just as on for personal loan companies big week in a popcorn. A couple other action steps here before we wrap up one thing that comes to mind for me is just sketching out. Wire framing what? The APP could look like shopping around to your friends that anyone can use powerpoint or keynote to make what this looks like say. Hey would you use this and you get a lot of feedback for you even though to a developer and say I want this bill any other action steps like that quick things that we can? I just just on what you just said right there. The one thing that I would stress heavily as I call it the mom fact where mom when you think about my idea here to love it. Honey it's great. And then he spent time money effort. it's a horrible idea. I always like to take it like you know. Hey My friend came up with this off. I think it's pretty stupid. Actually is there like he's asking me to get like two or three things that people hate about it. I personally don't really like notice. And then one thing you think school too but like he's really I guess for some weird reason looking for more like what people hate about it so I'll go first. Here's DOT com. Where all of a sudden now. I'm not attacking Chris's idea I can actually come in with raw like if you just pulled off a book off the Shelf Brody cover like I think it's kind of like Yarbrough the fucking war and you know you're getting real feedback. I I wrote this book do cover is. Meanwhile I'm really thinking like the orange looks like so. That's the only thing that'll on my popcorn. I'll just back off. What you said I think is is really important. Because I've spent thousands of hours in the hundreds of thousands of dollars around ideas that everyone around me said my mom's the Mama fact said it's great but really it was horrible and I just I wasn't asking the right way or or removing the emotional restraint in between imagining a world where people dismayed only the APPS that their MOMS MOMS are two people. I guess. Then they're poor moms would be forced to use these terrible only fine over Anthony. Thank you. We're coming up on time here. What's one that you want our listeners to take away station? I think it's a fail fast. Saw a lot of the self with. Mvp We're talking about here or or or getting something out versus a fifty different ways to monetize idea round fail fast. I think the more often the quicker you fail the more successful. You're going to be great listener. You have heard this fantastic idea from Anthony's gotTa Lotta passionate behind it. There's clearly a problem here. I these nap like this. I think all of us would so if you'd like to run with this idea take some action ball through on some of the steps outlined cup your own action steps and let us know what you've done email us at update at run with dot. Fm with the actions taken. Everyone who responsible get access to exclusive by the Group of action takers on facebook and one lucky listener will earn a free mentoring session with Anthony and a business ownership for this idea. Anthony Thank you so much for your time here. Where can people go to learn more about you? Yeah I pretty active on instagram. It's just my first and last name Anthony's for Andrea feel free to shoot me a message there or Google my name. You'll find a way to reach. Get in touch with Happened yesterday. Questions any anything I can. I do this for for fun so anyone can help them. I'm here awesome. Well thank you so much anthony. I'm looking forward to Amer listeners. Run with the updated they have. And you don't looking forward to talking with you again soon. Mike BY SPOUSE. Thanks for having US now. It's time for you to run with it. Followed through on the action steps disgust. Email a summary of what you did to update run with it dot. Fm every listener emails us. We'll gain exclusive access to a private facebook group of action takers and one listener will earn a free mentoring session. Today's guest and potentially a business partnership help us build the run with it community generous entrepreneurs police like subscribe and review. Us Online and remember. The secret of getting ahead is getting started.

Chris Justin Janney Chris Ethan Janney facebook Anthony Sir Andrea MVP US developer DOT COM Evan Spiegel snapchat Fargo McDonalds Lincoln McDonald founder Solomon
What keeps people on Snapchat?

Why'd You Push That Button?

36:45 min | 1 year ago

What keeps people on Snapchat?

"Hello and welcome to wide you push button ashore Caitlyn tiffany hello and Ashley Carmen. That's me examined all the choices technology forces us to make and today we're talking about why people still use snapchat okay so we realized that we talk a lot about instagram on the show one of our favorite topics and we haven't really done many episodes slash any episodes specifically about snapchat. There's an obvious reason for this. I remember four or five years ago when all my friends were telling me to download snapchat so that we could talk to each other and now when I open the APP there's nothing there's no stories. There's people except for my one friend Christie which is the only reason I continued to open the APP so we want to know who is still using snapchat and what are they using it for but before we get into all that back in time figure out what made snapchat so popularity in the first place you may have heard of an APP for cellphones called Snapchat Okay essentially let me tell you what it is not of the latest APP that is caught fire with teens. It's called snapchat. You send a photo to a contact and you set a time limit for how long the other person can see that photo and then boom it automatically deletes. That's the point of the APP to help us start our story. We have the verges Silicon Valley editor Casey new in who is the foremost foremost chronicler of snapchat rise and fall and continued tentative life. I would say so I think snapchat owes its success to an insight that they had about human behavior which is that it didn't makes sense that all of our conversations with everyone stay around forever and so in two thousand eleven I've been speak all Bobby Murphy Reggie Brown there at Stanford they really want to start a company. They WanNa do something around messaging and they had this idea like what if messages just disappeared at the end and I think part of that was absolutely people sharing moods but it was also just the kids that were part of the first generation of snapchat had grown up a world where their parents had the pass code of their phone and we're reading through their text messages every day making pitcher they weren't joining a gang or doing ecstasy which is what my mother would have been to. If I were that age and as far as existed and all of a sudden they could just be like sub girl and like mom wouldn't know about it and it was a stroke of genius worldwide more than twenty million million different sometimes compromising embarrassing and yes even explicit photos are shared every day all right so beyond that though Casey what other features kept people on snapchat so snapshot really has been one one of the if not the best innovator in social products in my opinion since about two thousand eleven when it founded they also this really cool product around lenses like they sort of brought augmented reality filters to the forefront but then they had this other other really killer innovation which was stories. It was an image or video that was kind of like a snap that you might send you a friend accept it was public and anyone could see it an anyone could comment on it when snap release this this it just did gangbusters people love sharing this way so snapchat it sort of invented the next generation version of facebook right and Mark Zuckerberg has been known to buy his competitors he bought instagram and what that means that he would wanNA buy snapchat yeah so in two thousand thirteen mark Zuckerberg offers Evan Spiegel three billion dollars for snapchat which at the time many people said is an absolutely crazy number but you have to keep in mind. Mark Zuckerberg is maybe the most paranoid business leader in American industry like he knows that people will leave any of his apps given basically the slightest prompting and it's been a challenge of his entire career at facebook to figure out. How do you make this thing sticky how do you how do you get people coming back over and over again because it turns out basically every social APP is just a fad it's kind of a novelty wears off and so he looks at snapchat coming on the pike can he sees the democratic? That's using it and it's all people who hopped on snapchat before the ever gone on facebook and so all of a sudden. There's this risk that the next generation will never adopt facebook at all the Evan Spiegel Snap C._e._o.. Did Not sell the facebook and I think everybody here knows what facebook did after that or could guess <hes> so if you can't beat them in Silicon Valley you copy them so they clone stories instagram now doing disappearing stories stories much like snapchat instagram that will ask for twenty four hours. INSTAGRAM has just launched a brand new feature in the form of a short video story lasting up to twenty four hours sound familiar. That's because it is so instagram's stories comes out how it's basically a direct rip off of snapchat quite obvious these are stories that are ephemeral. They go away after twenty four hours. You can see a list of everyone who's looked at them. There's even a little bubble list at the top exactly like snapchat what is going on snapchat when those guys down so the first thing that come in his do whenever anybody copies them is they put out the statement where they say you know we welcomed the competition and were just glad that they're validating the space it and I think that's basically what snapped outside publicly and then they started to look at their daily average user numbers and at first they plateaued and then they started to debt like this was the existential crisis for snapchat I and I think because facebook tried to clone until them so many times before they had probably gotten a little cocky and so when it started to work I think they were all cup. Surprise all right so basically what you're trying to tell us. Casey is that because facebook ripped toffs snapchat on instagram. That's the reason why people aren't using snapchat as much anymore. It was really bad. Snap has been trying to dig out of this whole ever since and they've never really recovered at the same time there there is a generation of people who were in high school and maybe college at the height of snap success who are still using it. The thing about messaging APPs is they're incredibly sticky. All your friends are on their. You're going to keep using it and snap continues to be that APP for for a lot of people were. It's a lot of trouble is in finding that next group of users although I I gotta tell you like Evan Spiegel and his team can still pull a rabbit out of a hat it was not that long ago that they introduced a new filter that will turn your face into the opposite gender or a baby and I read a story that said that people were so excited for this filter that snapped at something like forty million downloads in a week you know this is an APP that only has a couple hundred million users in a month. Maybe so it just goes to show you that these things are all very flimsy and fragile and even though like networks can kind of unwind really quickly. They can also come back together. Really quickly is just all about who can and come up with dot next fad. That's really going to captivate people. The thing we should note here is like as Casey mentioned when instagram copied snapchat it decimated David snapchat instagram has a billion users. <hes> has five hundred million people using instagram's stories alone <hes> poor snapchat went public so that means it has to share it's user numbers and actually actually it just had its last quarterly earnings call and doing better than a wise but still compared to instagram snapchat only has a little bit over two hundred million daily active users right. I mean they're growing but they're growing so slow you know they're growing like <hes>. A rosebush planted in like a cracked hold in the desert and it's really sad because every investors call though say like Lee redesigned are android APP and we promise this time it's getting more users. It's like all right guys. I mean okay. I do WanNa note like snapshot though has not thrown in the towel it is still trying to develop interesting products. They recently introduced landmark augmented reality where you can like project a Ramo oops spitting out of the flatiron building like gimmicky stuff but they're a are features actually are really advanced. It's wild though because snapchat filters will have moments like the hotdog filter. That was a thing the dancing hot dog that that was a moment where everyone wanted to use the dancing hotdog. What a cutie the puppy dog filter? Everyone wanted the puppy dog filter the baby filter facebook and instagram actually really behind their they haven't had a viral hit like that all is to say that this is <hes> while we have enjoyed talking about. How does and daily average users? This is not a business show. No this is the story about human beings. Yes humans blood hearts yet simmer down clearly there are people who are still using snapchat because we know that millions of people have downloaded it in the company still exists so we're going to talk to a few of them about what the heck they're doing and can explain the real value adds snapchat to a couple of daughters. That's US a couple of tech reporters who here the quarterly earnings. Calls are like each okay so I think I I took a little trip to upstate New York by a little by me and I was on the train for seven and a half hours to sit quickly to interview. My sister's name is Kim and I'm caitlyn sister. I'm to one years old. I'M GONNA be junior and go. I am Sophie. I am seventeen. I'm going to college freshman so my sisters and I used to have a group in snapchat chat. I was not the most active participant we used to have a sister group snap and you didn't open them eventually. They just stopped snap chatting me and continued snap chatting each other and I deleted the APP a horrible story but this is how I knew they would have thoughts like what the freak use it to talk to Franson funny videos and Fellas. Sometimes I used to talk to boys. I definitely used to at one of my friends graduation parties yesterday because my friend wasn't there yet so I didn't WanNa talk to the people that were there so I just checked snap stories. They both US snaps the location sharing feature that has your little bit Mogi Guy on there and shows all your friends where you are this explains why Sophie never accepted my request to share locations in my friends and I do you snap really. The only person that I checked at a location is my sister Kim because like sometimes I don't know if she's homer not and then other times my mom asks where she is and so I have to check where she is onset Matt as I appeared. They're hanging out without me all the time and they're getting so candid. It's like all bathroom humor. Yes so there's a person that I sometimes have a streak with and her name is my sister Lauren tiffany. I still can't believe you have so many sisters. She's actually really weird on snapchat because the only snaps that she sends us when she's at work pooping so I do still have a streak with Lauren and she's also a big fan of telling you a story in real life and then sending you the same mm story on a video on snapchat though she literally just told it to you ten minutes ago videos of herself sitting in the car complaining about work mourns conveniently mad about this snap without expecting to go on the record. That's exactly when it was. The snap is when you don't want it on the record yeah. I think this is key here. The snap streaks are super sticky. People really care about them and there's no like equivalent of that on instagram none so I think I have about route ten snap streaks. My longest one is eight hundred eighty days and it's with a boy that I was friends within high school and I'm still kind of runs with and are only contact really snapchat but it really keeps our bond together. I guess you could say that. Snaps shrieks are real signal of your friendship because sometimes when I get into fights with my friends they purposely ignore the snapshots. I send them to break our streak so I know that they're met. They're mad at me. Instead of them actually saying something to me actually already knew that snap streaks super important to Kim because last winter when she and her boyfriend broke up she called me you're talking on the phone and she said something really shocking which is that they hadn't broken their snap streak despite not speaking to each rather in any other way we started a snap streak probably a year before we were dating and that we dated for eight months and then I was too heartbroken to snap streak so I made him promise me that we wouldn't ender snap streak and Amen One day we both forgot to snapchat each other and it ended and I emailed snacks for your back. We really varies the next day I said why the freak today do this that I lost the streak. That sounds torturous. I know virtuous. Can you imagine being young when someone UNIN WANNA check in and be like you left your books at my house like I wanna never speak to them again. While I don't want to get into how I've handled handled that I wouldn't continue snap Nell rightfully got but sophie always the more reserved disaffected distant of my sister says the little less dramatic than that I used to have a snap street with my friend Cassie see that was like almost two years and then she deleted snapchat and I was really mad her. I was like what the heck and then she was like. I was born a snapchat and then that was basically the end of that conversation but I'm over it now as as the mentioned before when snapchat snapchat came out parents were super freaked about the possibilities of teens sending news. That's kind of the perennial like Internet freak out new yeah. It's like product introduced. How can this be abused for news? My sister's believe believe it or not said this year was totally founded. One time this boy from our school sent Dick Picks to at least thirty women and I think that he got arrested. He used someone else in the school's name as a cover up so they would think it was the the other person jokes on him because he's uncircumcised so everyone knew it was in guys be cool. We have parents of this show. Snapchat became popular when Kim was in middle school at the time Sophie was too young for it so she kind of missed its peak and is more of an instagram kid and when she goes to college in the fall she doesn't think that she'll use snap streaks to keep in touch with her friends me and my friends mostly communicate through inscriptions. We have like a lot of variations of different group chats on there for like the different subgroups of our friends that like different things we had J. smacks which had jacqueline in it and then we had trump's sucks which is where we sent political stuff that she wouldn't have agreed with but came is still a snapchat die hard because she thinks it's the best place to express herself and get the response she wants. It doesn't have to be like this planned out edited photo that I take time to look nice in because all these important people are going to see it and it's up there for them to see all the time. People follow follow too many people on Instagram to pay attention to my specific story and I need my story to be paid attention to okay. Your sisters have shared many great tidbits here many. I knew they would come. This is a cherished interview in wide you push button history so that that kids are still using snapchat but we also came across a very important use case in adult community. Eh which is when you need to send a nude but you don't want to send it on a dating APP right because that's permanent and you know no these people on dating apps so we get back. We are going to interview someone about how snapchat augments the experience of dating APP. Hey I'm Jason Delray and I'm hosting a new podcast called land of the giants in in it we examine the most powerful tech companies of our time. Season One's called the rise of Amazon. It's about how Jeff Bezos turn what was just an online bookseller into one of the biggest companies in the world and how transformed the way we shop live and in work. We'll explore how Amazon prime is the key to the company's success and how it's something you'll never quit. We'll see what happens when Amazon builds a warehouse in a small Kansas town and then also what happens when it decides to weep and we'll ask why is Amazon building microwaves powered by Alexa and what is with all the robots it's built and of course we'll tackle. The biggest question of our time is Amazon too big too powerful who end of the giants from recode and the VOX media podcast network new episodes come out every Tuesday listen and subscribed for free on apple podcasts or in your favorite podcasts at hey this is Karen Swisher host of the Rico Decode podcast and I'm here to tell you about a new episode that we published with Mayor Pete footage. Who has you probably know is one of the Democrats running for President in twenty twenty? We talked in-depth about systemic stomach racism in America how much voters care that he's gay and how he would regulate the big tech companies. I also asked him about what he thinks about his competition for the Democratic nomination at the end today we do have to remember that there's going to be like twenty four candidates who are not going to be the nominee nominee need to rally around the one person who is but I think we have seen the consequences of failing to do that. I mean this is not just the sand. The Wolf is at the gates. The Wolf is through the gates eaten are chickens. Our country is in pretty dire shape the nature of primary. Mary season as it's for surfacing differences within our Party and negotiate that's fine. Listen to the full interview now on Rico Decode and subscribe to the show for free on apple podcasts or in your favorite podcast APP to hear more in depth interviews with the twenty twenty presidential candidates we are back and we spoke to a wide you push button listener named Nick who loves using SNAPCHAT TO SEND flirty. Some people are dating sites kind of require you to have a snapchat. I guess to verify yourself maybe because they don't let us the dating APP chat feature and I also use it because it's a good way to send thought he picks to a lot of people quickly the dating site he is specifically referencing here is a gay dating APP called Grinder and it is a very unique place. There's a lot of cat fishing that goes on there or maybe fishing with your own picks just just from like five years ago a lot of profiles. You'll actually see twenty five or under around the age in their profile will say like you know my snapchat. Whatever or sometimes it'll even say like I don't rematch on here snapshots? Whatever and it's like okay as everyone knows caitlyn? I use the dating apps where it's super comment and for people to put their instagram handle in their BIOS or link directly to it but instagram does not work for grinder so grinders definitely more but sketchy place. It's more of a less personal yeah no space than tinder so tinder. It's your name you know lists your job. Sometimes it lets you into college. Many people on Grindr don't even have pictures of their face and so I think it's a little bit lower stakes to reach out to me on snapchat of reaching out to me <music> on instagram where you can see all my friends unlike maybe my mom hearing about snapchat like in its infancy. It was like Oh yeah. That's just enough to send new snapchat is great for nudes mostly because people have set it aside as the news APP. There are people the text like slutty pictures too but like if I wanted to on snapchat like you are going to bed. I'm not going to open this in my work meeting. You know whereas if I texted to you you might be like <hes> I was in the elevator. You know my boxer that over my shoulder you know what I mean. Nick is actually bill a pretty the impressive community around sending his flirty picks because he used grinder for dates tumbler for friends and snapchat to keep in touch with both the great unifier their people that I've never met you know maybe we met on Tumbler or our twitter and we communicate if not every day for sure every week on snapchat by sending each other like a couple like you know in the morning here's my underwear or like I'm getting ready just getting out of the shower you know like sending some thought he picks back and forth. I'm like that's you know we've gone on for years that way. Also like it's efficient to sending twenty picks like enjoy different messages. I can just be like Boop boop boop here you go. I mean I can think of there's a guy that for four years probably probably two or three times a week. I'll get like a woke up like this. Mir southie like nude in the morning. You know like some conversations that go with it but then there are other people like it's like we just exchange photos. Nick lives in the Midwest Shutout Midwest. He's not part of the urban millennial coastal bubble and he says snapchat is a gay Internet essential no matter where you live I think it is a utility in my section of the Internet like Gay Internet still uses natural. I don't think it's a geographic doc thing more incredible. I love that we got him. In Western around the show. I love that Nicu's snapped to keep in touch with his tumbler friends accu- really need to have a tumblers going down in. It's wild that snapchat can like be the place where you send nudes but you can also totally silo it off and be like oh no. This is also the place where I just talked to my friends who liked the same memes as I do. When this whole snapchat Hanoch happened? I was like there's no way people are using snapped after news news like come on now. I'm ready to just say it. It's the new Zap your sisters no. It's the new Zap Nick knows it's the nudes APP but hear me out here <hes>. I don't think snapchat can solely exist in this world for the nudes. You're right. Even people who look real good naked can't take nudes like every single day can monetize <unk> takes too long so far. We've been talking about features snapchat that successfully connect people. I think we should also talk about how people use snapchat to avoid people out there. I know so we spoke to Mac a college student who is currently studying rod in London and Skype at a very late hour for herself a snapchat our I they live in the bay area and I go to school in Berkeley because I live in like a college area where I'm constantly running into other students. That's why I use not maps to make sure I'm not like running into someone. I don't want to earn a into snap make life as a teen so much more seamless this I actually am jealous of. I wish I had this power as a team I mean I love my roommates but sometimes you just need your personal space and sometimes that checks not maps to see if they were in the apartment before going home because because they could decide if I wanted to stay a coffee shop and just kind of do my own thing. They're kind of like be alone in public versus I go home and like have company. If there's a get together and there's someone I had like a falling out with so what I like to do is kind of gone stops and check who's already there and on that basis like I'll be like okay. Maybe I'll go. Maybe I wall and that just kind of gives you a really easy gauge without having to call some or tax someone and be like Oh like who's there right now. Because that feels kind of obnoxious the psych gives me the independence of being able to check. Who's there obviously these tools can backfire? It's very hard to lie about where you are. I have to remember to like put on Kgo smote. Sometimes we're like when if I just want to hibernate otherwise people know that I'm not actually busy. These features are only useful. If most people that you know are also using them Mac says that's still the case snapchat usage probably has decreased but it's still frequent enough that does not maps method has still been fairly accurate for me like my sisters. She doesn't see instagram versus snapchat as an either or situation. She's not a business reporter. She needs both for different tasks. My instagram stories I would definitely a more like filtered and broadcast version of what I was sending to people on snapchat or even the people I have on my snapchat is definitely a much more curated list. Versus instagram is kind of everyone I have ever met. There's sort of intention when it comes to putting in serum stories I think a big feature of that too who is the fact that you can post pictures on instagram stories that were taken prior and make it seem as if it's current whereas with snapchat it ends a lot more instantaneous like when it comes to the people I know like watching their instagram's stories versus or snapchat stories it can sometimes feeling to different people unlike my sister's Mahan hates NAP streaks and thinks they're just immature pre teen boys. I've gotten my fair share of like just like a blank screen with like streaks or Nanette and seeing that snapchat irritates tweets like no no I don't understand the point especially like middle schoolers and younger people where they would send the floor or like a completely blank dark picked boys typically middle school boys have this tendency to like send black screens into just like streak certain on it with the fire Emoji or the hundred Emoji and that's it kind of social capital to like have a bunch of streaks. I remember in highschool. I'd like look at someone's phone. They'd have like three hundred days streaks like fifty different. People Commute distresses me out. One thing we didn't explicitly spell out was that the reason streaks have been so contentious is because they are designed purely to game the the APP right which helps you form a habit with the APP and gets hooked in it makes you wanNA keep coming back and oftentimes that feels really crappy. Stamp also has a feature that involves digital trophies which which is basically if you do certain things on the platform like son ten snaps using the hotdog filter something you'll get a trophy for it that lives in the APP is literally just an icon yeah. It's silly stuff but like a lot of people all are motivated by this idea that they can unlock things and discover things like that motivates a lot of people I feel you. I played Neo pets yeah like I'm not one of those people right so I- snapchat my friend Christie but like occasionally we'll have streaks. I don't feel the need to keep up with them. We lose it. It's okay but I wanted to find someone who is into the snapchat game fide universe and cannot escape it till my gosh and that person is Veronica. A woman in her late twenties living in San Francisco Snapshot Sons December Twenty twelve originally it was a big thing in college and everyone kind of on Mitch spending random copies and stuff and then there was a couple of years there where everyone kind of stopped using it and so did I but then once they kind of revamped whole APP and out of the news aspects of it and all the fun filters maybe like two or three years ago I got back into I and ever since then I've just been you know keeping up all my streaks and trying to get all those snapchat trophies and playing all those little games that they have and now I'm just like still very obsessive that even though I know the user just definitely been dying down compared to Instagram's stories and all that she says snap offers. I things that instagram doesn't I feel like instagram and so filtered. You know where it's like. Oh is this lighting good filter good like. Do people really care about this. Post and snapchat can just be so unfiltered and you can post like a random dog on the street and people are like Oh cute dog and it's just like a nice way way of interacting without having to think about what you're putting out there and she never intended to get hooked just kind of became you know people quite chat with regularly or than match up to regularly and kind of would start to build and next thing you know you have a twenty streak or a hundred day extreme and you're like Oh. How long can we keep going and it becomes his whole source of accountability because you're like you know different time zones and all that or even if you're traveling just almost like this whole nother just fun way to keep that connection going but now she's a streaks fiend? I currently have or long streaks my longest friend Justin who lives in San Diego so we don't really see each other a lot but with him. It's become kind of a running joke because he his mom works in the airline industry so he traveled a lot and so he is like consistently in a different time zone and always like joke like Oh. WE'RE GONNA lose their streak soon and I'm just like don't you dare 'cause ours was also thousand now but we've never come close to losing which is great and her friends are dedicated to the streaks cause to my funnier stick with my Renton. y'All all who lives in Chicago and so she's married with a daughter now and so with her. It's been really great just to see her daughter crop today but I gave her kind of a break one day because she was literally giving birth and house like did now. This is the one day we lose it. You know I totally understand like obviously you're giving birth and she actually went so in the other direction with not shutting me like every hour and I was like you know what you should probably just focus on giving birth like it's too much. This girl kept her streak up through giving birth what the heck that is so much dedication. I don't know anyone in my life. Who's that dedicated to me? That would be like you know a girl. I'm giving birth right now. Take out the phone Santa Pick and while we all admire her for this Veronica acknowledges that life can be hard. Sometimes James and streaks aren't always top of mind. It was just the day I think maybe I had taken our long now. Brad just wasn't really pay attention to my APP and I just log in my snapchat street with my friends and yellow had was gone. It was just like no numbers not Smiley Smiley faces and at that point I think it had been like six hundred or so so I was like I am in trouble like this girl gave birth and she didn't lose a streak and I was like taking a nap so I emailed. I think they have a support system within the APP and I emailed them and I kind of explain the situation and I was like lesson and Mike I really streak back because I've seen like teenagers do the same thing and I was like I know this work sometimes until they actually brought it back and it was really nice. 'cause I would have been in trouble. Okay now. This makes it that multiple people on this podcast have emailed snapchat about their streaks and that snap actually responds. It's so wild to me no one is that interested in instagram that they're going to email them about things like that. Anyway Veronica says because she I just want to email again she will periodically remind her friends about their streak. What I found mostly is that either it just is on its own and you're just not cut out for that kind of snapchat relationship because you know certain people it's like you'll hit that thirty day mark and then and you got the hourglass and then I there X._M.? Or snapchat them and then if they can't remember constantly is just kind of not worth doing but what I found mostly that people who actually live in my area who actually see day to day a lot or the hardest matchup drinks to maintain because they're just always together and it's like there's almost no reason to send all these snapshots like this is like the biggest issue I have a fly. It's not my boyfriend because we'll be like doing the same stuff and then we're like oh shoot. We have to snapchat this because our streak will dive somehow through all of this Veronica's takeaway is that she wants more streaks notifications. She literally wants more of them and I just want her to be free. Never really warn you about it like you have to be in the off and just happen to notice it. I am bad dedicated so if you said that too I forget about my streaks. 'cause appetite doesn't notify you. Who are these people? I'm glad we did this episode. I learned that basically everyone one of my life has this secret second life on Snapchat I re- downloaded the APP because I was feeling excluded by my sisters and it was just a slew of of the put up the bit Moji heads like everybody I know is using this year right. Actually it is is totally a secret second life because instagram the stories like yes. They absolutely copied snapped up to a tea with the stories but it's just become instead of the grid you just post the stories and it's like the same thing essentially right. Everyone sees it. Whatever and now snapchat just has a better messaging feature? I will never use instagram to send video or photo directly. It just doesn't work as well something about snapchat better and it is is all secret and it's all people you really close with. They do also still have like those blockbuster moments. We were talking about like the baby filter or the the gender swap filter which I will kind of problematic. Yeah I enjoyed aided getting into that but it was so popular. My roommate forced me to do it while we were watching the World Cup and then when we started talking about this episode was like earlier in the spring like after it came out and snapchat was like yeah low key like forty a two million people download the APP this month when we moved to issue year later which was almost three times as high as the number of people who downloaded the month before that's crazy spike and then the strange behavior start happening. I'm guilty of this. Where people will we use the filter on snapchat save the thing to their phone and then posted on Instagram Ray? Oh Man instagram such a vampire wild but they can't really like play on on snapchat turf because instagram just not gonNA release gender swap filter Leonard just to put together for that and I just think it's tough to identify that x factor was snapchat but something about it clearly. There's multiple things here but it's just you can't can't get rid of it. I know I'm back. I want my toilet. Yes we are. It's well because we've known each other for nearly four years now and in those for us. We've never snapped ooh I. I don't know how we're going to establish. Just the tone of our snap friends already connected on so many of nervous took back with us in a little while okay. That's it for us on this episode as always you can email us at the verge dot com. You can find Caitlyn on twitter Utah at K. A. I._T.. Underscored Tiffany you can find me on instagram snapchat at Ashley Carmen Thank you to our producers Andrew Marina in sac Mac we also WanNa thank Gotham Sri cushion who does are Dr Scoring and mixing all right that is it for us. We will be talking to you again next week by Hey. It's manically host of the eater upsell before you jump to your next podcast. I WanNa tell you about a new event. That's happening layer the summer in Brooklyn. It's called Eater Youngun summit and it's a one day celebration of upcoming talent in the world of food. The eater young end summit is a day faithful of talks workshops and tastings brought to you from fellow Vox media publication eater. You'll learn from some of the most inspiring people in the world food participate in workshops led by rising culinary stars and tastes amazing food from eaters favorite places across the country once again. It's called the eater youngun summit. It's on Saturday July. twenty-seventh in Brooklyn tickets are available now at bitterly slash E. Y.. G. Summit that's be I._T.. D._O._T.. L. Is Slash E. Y.. G. Summit Hey I'm Jason Doray and I'm hosting a new podcast land of the giants season. One is called the rise of Amazon and it's about how Jeff bezos turned. What was a little online bookseller into one of the biggest against companies of our time? We'll ask why is Amazon building microwaves powered by Alexa and why is it making all these robots and we'll tackle. The biggest question of our time is Amazon too big too powerful.

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The Fandom Zone 149: "Colony Collapse"

Fandom Zone Podcast

1:52:49 hr | 2 years ago

The Fandom Zone 149: "Colony Collapse"

"I really do miss shoot amax laughing on establishment. We do not bother to call nine one one. I guess he got out nails archer. GonNa kick his own S. What exactly is question a question? Is Your brakes spell guesses the hell out a year here. Why don't you just killer one thing crystal clear she in my office like that ever get cut off world rolling dice? You GonNa blow on them. I Nice John Constantine. Thanks Hi everybody zone zone. I didn't forget this time Vandam zone episode one forty nine for the beginning August fourth twenty eighteen. I'm Karen Charles Still Alive. Yay Yay yet I have my vintage Wonder Woman Pez dispenser which I found in a box. That's pretty slick nells. It remember Zan collects Pez. Oh really you didn't know that no I didn't she. She is an avid Pez collector. Zan sprouts from the ghost. Would the twin peaks podcast probably has this one. Maybe Yeah Yatta Yatta take a picture of it and Senate like senator put it on facebook or some on the face on the facing the facebook yeah his face she would die. She would totally dig that yeah. It's a vintage one and there's Pez in it. It's all over his old. I would not eat that and you showed your what is it a printer. No actually it's the very uncover for help laser volume to number twenty four the final issue of this series. Hopefully they bring John Constantine back in a much better series. This one wasn't great and need to get you need to get John Constantine back in Vertigo puffy Don Constantine who I am not a fan of that arm the artist of this Sean Phillips One of the noted Hell as artists from back in the day. I just the just I think it's just a model that he used for this. Pick is heavier yeah so <hes> we are now in in this so he does like a little older older in puffier so I think it's just the model that used but he has a button on it says thirty one today in honor of Hell Blazers thirty first anniversary so from Renault or maybe John's thirty first anniversary because normally swamp thing yeah 'cause help lasers thirty this year so probably is first appearance in <unk> saga swamp thing correct yeah so anyway. You don't care about that yeah they do they do. We're talking about comic book stuff. I hope so yeah so what other comics are we going to talk about well. I I wanted to talk about the fact that they're making a supergirl movie. And why are they doing this. Well I posted that on a certain blogging Gigi things the damn good coffee and hot yeah yeah and people also posted it in the mate of steel facebook group and I have to say okay. There's so many D._C.. Women Soubra Euros uh well for what AM I. What I'm gathering <hes> is that one of the reasons they WANNA do this is because supergirl is one of the more well-known d._C.? Comics heroines right and the wonder woman move movie obviously did really well right so they won another wonder woman one another type wonder woman type movie and Super Girls Been On T._v.. For going on now four seasons so let's capitalize on that so that's capitalize on plus plus we can also use this to kind of set up the next man of steel movie great <hes>. Let's not use supergirl though that really didn't work well for the flash flash but that was because of a certain director who's not going to be involved with the name Zack Snyder who has absolutely zero involvement with the D._C.. Universe going forward. Okay okay so yeah okay. This is the result of <hes> Warner Brothers <hes> the DC films division having a new head okay and he has some some different ideas than the previous regime all right so you have a little optimism. Yeah I do because for what supergirl unless I mean. I don't think they're gonNA go all grim dark with supergirl. Okay Yeah I. I am not yeah so in in there already working on a back girl movie right so maybe it's simply we could see a team up. Movie was super grown backer fee Donna and don't tell you can't do it because doctor strange all I know you totally can do. I know I'm not saying you. I think satanic my work better for TV series though yeah. Why wouldn't it be a good movie I mean I'm not against it you you could probably I know they've pitched the idea of Justice League dark right so maybe she would be a part of the Justice League dark movie but yeah I would? I would personally love as Atlanta movie. I know Jesse what because Jesse is super crushing on on that character so yeah. I think that'd be very cool. I mean she's a very strong. I'd love to see us at Hanna Constantine movie a D._C.. Magic Justice like dark the movie <unk> work for that yeah because always thought those to interact really well together so anyway so yeah so I'm I'm optimist so interesting news at least yeah yeah I mean I I get the skepticism and I get the concern. I am concerned because I heard has flash. We've had some hope I mean. Aquaman looks really good. Yes Oh yes. I'm excited for Oklahoma. Wonder woman to looks like that's going to be a lotta fun because Patty Jenkins's returning as director on right so I think there's some reason to be it shows an looks fun. She's Zam looks great so I think there's some hope out there okay so judgment. I get the skepticism but it's just I don't want them to capitalize on DC T._v.. Universe you know right rather see some different character right yes so would I but but again cashing people people know supergirl and it connects to superman right so okay all right that makes more sense than thank you for talk me off ledge okay good do do you feel oh better. Super Bowl is kind of you know personally me the I know because of made a steel and you're very protective and wonder woman you know both of them are Kinda person with me so you were your face was rewarded at wonder woman right. Oh Yeah I was optimistic about wonder woman as soon as I heard about the director and all that stuff so we'll see we'll see who they cast. We can all fred about who they're gonNA cast for a while he just early developing they just they're still working on the script. They have nothing else right yeah. It's just been announced so yeah we have some tigers cross then yeah fingers crossed okay all right so let's jump into the actual meat of our episode then <hes> we're going to be talking about preacher three Oh six cloak and dagger one ten the season Finale Luke cage to seven and Winona herb three zero three which was a rather more boasts. Oh episode Downer that episode you know we good up from last last week. which we know we pretty much knew they were not going to be in a happy place though what that episode reminded me of a little bit member the buffy episode conversations with dead people because they didn't want to Buffy oh? You didn't watch our forget it then everybody that watch buffy. You know what I'm talking about. Okay okay someone died on buffy. I can't believe you ever watch buffy. I've lost smatterings here in there but not look it not really much. I think I think it would dig it. I showed watch it. Yeah I would recommend it. Okay all right. You'll start the first season in by the third season you'll be locked in okay so <hes> so preacher serious against Le Fondue Song Yes <hes> written by Rachel Wagner directed by Laura Chelsea so we have a writer female writer director this time excellent and and it turns out to be a rather good episode facility. Yeah I agree it was good and I didn't even know it was written and directed by females so so my it should matter should it no. It shouldn't so I'm saying it's a good episode. That's all I'm saying I wasn't colored by that. So may story is catered crusaders that has to be cassidy and carry US new. Oh that was the bank caper. Oh home sorry bird. Crusaders Crusaders got it. Okay be story not at tenny seen loan yeah. I know I got that reference did you. Yes so if your money python fan it encourages laughing at me because now she understands it. I understand the reference so if you watch the movie the meaning of Mr Creosote and there is this character played by Terry Jones Jones. Who is this morbidly obese disgusting Slob of a person but he's in Tuxedo because they they're in this really fancy restaurant very bucket so this is this really grossly overweight guy who basically looks like a walking beach ball right and so he they roll him up to this table and he eats all this food and wouldn't show like an egg on top well? Here's the thing okay so so John cleese plays the waiter and he's pretty much playing hair star right well. I thought it was more French but yeah yeah but I mean that kind of would syr like an on top. I mean that kind of Sardonic humor yes so he's completely stopped and so John cleese's waiter goes like would masirah Elec tasted wafer to Polish via would would would like a mint for a scene mean Terry Jones guys just like auto won't know effing wafer the full eat another bite so just in Tennessee one just a tiny thin one so he finally does he gives them the way for his his mouth where there's like food coming out. Let's send it is and then so all of a sudden now but when he he runs well that's what I'm saying he he swallows it and then all of a sudden he you start here this gurgling from his stomach and then John cleese is waiter takes off and he's like because he knows what's going to happen and then all of a sudden booze dude explodes all kinds of chunks of body parts just goes flying everywhere grows all over these restaurant guess and then they show comically like a cartoon <hes> they show Jerry Jones and he's got this big concave <hes> remains of his skeleton where the explosion was instead of and he's got his hands kind of sticking out of this fake suit or whatever ever right like we're a stomach used to be in. It's just ridiculous. I love it and so you so consequently. I'm pretty feeling pretty reasonable. Lee Certain that you're referring to the the all Father Dominique in this act the father and hair star yes because of how they interact with each other and they have dinner together and hair star is kind of got that that composure of of like. I cannot believe what you're so disgusting to be around Yes. I'm just offended being in the same room with you. Maybe not enough sauces. How will you finding the cuisine? I love it so anyway. Yes not attending seen one plenty pythons meeting of life. If you ever wondering it is amazing. It's it's I think my second favorite money Pathum movie of course with you know the holy grail being I the Holy Grail is the holy grail Louise because because I would go I would go holy grail obviously then life of Brian Librarians good. It's third for me then and now for something completely different because I love all the sketches that's fourth for three and then me of life I think for Bowl is fifth Hollywood bowl's Feth but I love Hollywood bowl so even though they're like lower ranked. They're still way up there. Oh yeah because it's a bunch of other rubies yes so yeah okay so anyway. The worst runny python movie is better than the Best Adam Sandler movie. Oh my goodness yes by far yeah. I Hate Adams. He's such a instill still or Ben Stiller movie any of those yes. Yes yes okay so number. Ten is seen one definitely with great power. Yes there's not filled spiderman ear correct curious radio <hes> and a curious you know he doesn't really take that that <hes> saying well he doesn't he doesn't use that saying at all. He doesn't consider it a responsibility. We'll put this is our full big introduction to the phone do song yes this little group hiding out in this mom's basement <hes> next to the Washer Dryer and I have to say and we'll talk about the whole thing in a minute but the very last image of the whole episode being cassidy being welcomed into the home home by the mother right. Look I mean that was so bizarre because you know this guy is so worldly and and renaissance e Kazmi politician yes and living down in the basement of this old lady. You know so funny yeah so it's it's it's very surreal. Yes very surreal so all right so <hes>. What do you WanNa talk about? First <hes> let's talk about a car yes okay okay so curious has and and his minions the children of blood they has kidnapped cassidy and the because he's a real vampire right and I don't know that they would consider it kidnapping. I believe they would call it liberating because they're not so much holding him against his will as they have saved him from the clutches the Braille and he's free to leave whenever he likes but a car is wants to commune with him. <hes> you know hey let me show you the kinds of things that I've learned how to do so you're not really taking advantage of your vampire is Ma'am Pirate Kness of your powers and all that stuff <hes> let me show you what you can do. You don't really seem to be living up to your your potential <unk>. There you go he would have gotten and a very bad report card from basically his vampire report card. Is You know like see minus plus it back and he he's he's doing the job of being the wing man to to poor to poor cassidy who you know he's like hey go. You know you want to women go get her and oh she's here with with her. Da It doesn't matter and in a car is is like pretty woman. Come for me you know and he doing all so basically yeah. Korea says the master of the deduction right and it pisses <hes> cassidy off to know it yeah because he feels like oh you know like if Wealth Hikari is can do it. I should be able to do it but he can't yeah and it's funny because he's watching being he's like no way it's funny because he's watching the woman walked towards a car is and he's just flabbergasted then he gets totally completely freaked out when he turned a curious turns into a little kitten will he thinks Sakaria has disappeared right and he says really invisibility no no one could go invisible and he looks down there is little kitten and he goes. Oh yeah now I do like is it in the next episode. Worry acities ever had kittens sex or in which we watch last night. We need to save that but still I just. I thought that was pretty jumping ahead. I just thought it was funny. That's all it was it was not he's doing Jeffer- has six as a kitten none each plot point but anyway <hes> yeah so Aquarius you ever you ever have cat six Akari innocence showing him all kinds of things seduction flying <hes> and he loves when <hes> Akari is kind of flies him through the air essentially like it was it was like a a very very bizarre preacher Vampire version of Kenya remind from Superman the move with her where Superman is carrying Lois Lane over the city and they're flying around all romantic and stuff very weird my tyron. No you're not wrong. It's the first thing I thought of. It's very exciting. I'm GONNA take it. We should get like the Kenya read my mind music very strange. bromance happening do dude sweet Christmas to Kenyan read my yeah so they're holding hands and flying and it's just very weird but he is showing him a lot of stuff and the one thing that cassidy is going to draw the line at though is that a car is is taking these minions that he's brought together one of them being the girl that the Kelly's data yeah Lisa right who is not a vampire right still has her fake plastic fangs but he is turning them yeah one of the time like very like every week or so he gives one ooh promotion or so right to full opportunity to become a vampire and he he treats this as it's this great gift that he gives them and and <hes> are you ready for your. You're for your opportunity. Are you ready to you ready to Luton to evolve to the next level right right that whole there as we know because we watched last night's episode yeah. There's a little mortar store there. There is a lot more we'll talk to you know we won't <hes> so yeah. It's everyone knows that a car is doing bad things right. I mean you have to know at this point. He's not doing. He's not doing it just for niceness right right although he he tells cassidy one thing about it so yeah he cassidy is not on board and Cassidy tells him about the incident with his son that he turned his son and did not work out for him and he says so the person that you turn was the good person well no it was kind of addict to be honest and and he says well these are all good than people these are all people that I've had picked they you know and and he makes it sound so great and cassidy at the end of the episode realizes while you know as long as it's all this stuff maybe I will go back and okay tried to walk away from it but then he realized well. I don't seem to have much else going on. I guess I'll go back and this is after he has conversation with Tulip to look calls him. Yeah check on him right and she says says you know after we're done here and everything we're gonNA come back and we're going to get you and he says you know. After all these years on earth I've had lots of tulips and lots of Jesse's housing's of tulips in Jesse's this and he finally realizes an something resonates with him when a car is has said to him all I wanted was another person like me to to cherish issues whereas with Yep right and and he realizes that you know Jesse in Tulip will never be able to share those experiences with him but a car unless unless he makes them a vampire yet but even so they will never be on the same level. Carias is already there yeah he's two years old. He's yeah any figures well. I've found this person that I can at least you know be boroughs with and so he goes back to the house and he's kind of turning as back onto Lipman and cat and Jesse at that point so that's where we stand at the end of the episode at the end of this episode right right yeah okay car. Yes that's all I gotta say Okay and then caped Crusaders yes so we left last week with grandma want some souls in them kind of going win at each other trying to decide who sold they were going to take right but Jesse saying hey you know if you wanna take one time that's up to you but I think we can get more than one soul and they realized that he's talking about Madam Boyd Souls at the Bank Yeah Sabina remember her so yeah. The apparently they've got a plethora souls over there they got soules in storage apparent right right so but <hes> but apparently to <hes> they're gonNa rob it but I Jesse comes up with the idea that well I think think we need to kill Marie and Tulip I right so they they stayed this fake funeral funeral and then someone calls Sabina and says yeah <hes> <hes> someone watching watching the compound right they say <hes> she killed the grandma and she died. Two in Sabina apparently knew that was going to happen. Which I think is interesting so so she knew that tulip was connected to grandma he out she was happy apparently so <hes> Yeah Jesse goes to a bar and runs into Sabina and he's trying to get her to spit on him and or get saliva? Yeah we should explain this not just because he finds it attractive or what no no no apparently this the lock on his this vault is is <hes> d._N._A.. In coated right it's it's basically yeah it's the bank manager Licks it with his tongue right. It's gross to excess it so apparently <hes> it's you can use saliva because that your d._n._a.. A close yeah yeah I'm just thinking like well. Why don't you just like spit in your hand or whatever and smear it on there right right disgusting? which is you know essentially what tulip in Jesse do right? They just put her at least wipe that after us I would hope so yeah because yeah exactly here in human mind you and me were like e you not sticking my tie on their Lord knows where that I mean what of teas in their exactly well T._c.. Would love it right and we'll talk about the kinds of things they had to do to gain when he would be looking that thing like he was painting offense yes but I wonder if you went after him. You know I wanNA talk about the kinds of things that happen in a minute but I do WanNa talk about Jesse and Sabina in a minute <hes> I mean firmament. He goes to this bar and he she's a little pleased with herself. I think and she doesn't want to spit on him right and <hes> he he tries another tactic and he says says would it be wrong of me to WanNa kiss you on the day I bury my girlfriend and my grandmother and which is a balls. Eli Is Super Ballsy and she turns around and she says it would make you a terrible person. She kisses him anyway big ton kiss of obviously yeah and he goes out to the car and he puts all of his saliva and everything is just like takes a like a like a cotton swab or whatever dat wipes his the back lack of his tongue wipes everywhere in his mouth. You just kind of in this like up here. You go and tools like low. You weren't Lupus this yeah. You weren't supposed to kiss her which again I find very amusing. I just I love loved dynamic and he's like well. You know you want me to get the D._N._A.. Right this is what I had to do to. She grudgingly relents right okay so they did go in and the case the bank I which is how they find out about the saliva but she also hit the button on the desk before she tulip one in case the bank yes yes so. She hit the emergency. You know hey we're getting to basically to get figure out what the response response time right so seven minutes or something like that. It's pretty short right and <hes> she they say something like yeah. We could do it in that time and T._C.. Says I can help you with that which right there should set up all kinds of warning flags it did for me. I thought Oh so what kind of distraction did T C provide. He went to petting zoo not just to the petting zoo. What what was he wearing at the petting zoo not much? He's down to his skivvies. Yeah Yeah Okay and I love the police were on their way to the bank right and and and you get a call. A man walked into the bedding zoo. We're on our way to a bake alert every bank robbery and progress it's T._C.. Will why didn't you say so so yeah. They basically tire squirrel. I got the Dukes of Hazzard and they they start hi tailing into the petting zoo because apparently in this town T._c.. Depending Zoo is like the the biggest alert you could ever worse the bank robber I in a bank right so and D._C.. Has a little reputation with the local police writer jody pulls up. He's looking queasy yeah. He pulls up to the petting adding zoo and you can see that doesn't have assured on he's got like a little sheep or something baby she for something with him. Go right with them but no I mean he's in the truck with Jodie. Oh Yeah right like walking down the street I mean before that though he pulls up to the petting zoo with in the car and he's like do you need help. No I usually like to be alone and I mean jody is looking like super queasy about it and he says well. I got some stuff to take care of grandma anyway and he goes on this probably not the worst thing he's seen T._C.. Now arm shirts not but it's nothing he wants to watch either right right and he goes off to the motel that we saw him at earlier in the season to where all those. I guess the boy brothers were this is this is where the boyd gang hanged out outright. He lays down a lot of carnage. Yes he does and that. I'm guessing we'll share disposes of the all apparently yeah that will shake out as well right <hes> so basically it's like a big gang hit yeah and the fact that this goes down all at the same time is probably why he plays it to their advantage. Just probably this is like a bonus bonus for him right right just uses the chaos to take advantage of it to wipe these guys out. Police aren't going to be relocated occupied with while this is happening over here. I'm going to be over here. It's called misdirection misdirection right so yeah so they do managed to get the souls they take him back to grandma and she's better but grandma's still wants some retribution and we think it's GonNa be tool of but right at the last minute it's Zag and it's not to lip it so it's Sabina Sabina Dunton right so she takes Sabina Civil Yep so apparently <hes> Sabina is no more she has ceased to be. She visible didn't quite as long as we're talking about money python. Why don't we go okay like half hour right okay so now the all father has come to New Orleans Father Dominique right and first of all did you aw eat another ball on completely stuffed f all from fool? Did you expect the reason for the hats yes did you yes because I remember watching in the scene earlier. Few episodes ago Trier Star Got Shot Yeah. I wasn't expecting exactly that yeah like for his head to look like a penis. I was not expecting well and and I also know that an upcoming preacher episode is called Dickhead. Okay I kid you nut so which obviously has to be episode titles for that week. Yes it does to me as to me okay so we're going to be one fifty all father. Is it next week. No it's not next week no next week's not to Hitler so can we not title one filter next week is Hilter it Hilter. It's Hilter Hiller Yeah so <hes> yeah let that either. No let's not avoid the true we don't WanNa be confused with like a member of the trump administration okay so off other has come to New Orleans as as hair star calls it it's New Orleans but <hes> and he asked him of course have you tried the local delicacies and all the he tries to mcadoo small talk right off other thinks his head looks like a penis yes which makes me laugh and I finally saw while he was wearing hats which I love Georgia. Remember that from the comics no I didn't remember it. I'm sorry comics that that's hidden or in the comics hair star goes through this progressive series of needle body bodily mutilations and the first noticeable one are these is when he gets that scar on the top of his bald head that makes his head look like a penis didn't remember it man. I'm going to have to go and read it. I told Sean he's going to have the day out so he so he goes in the comics hair star goes through this series of hats before humbling what what is not just tries to settle on the right look and then he finally settles on Fedora Right. I like ours like a Panama Hatorah Fedora but it's red and white because of his grail color right so the I'm waiting for the FIDORA slash Panama Hat to appear okay on the T._v.. Show yeah yeah because he hasn't had a and I love when he gets in the elevator and featherstone gets in and he says I've lost my morning. Erection makes me it was such a dry response to et featherstone getting on the elevator so it's like dame and it's even more clarice knowing after watching last night's episode knowing how we find out how featherstone feels about hair star this when she sees what Tulip says to Jesse in she yeah we'll we'll leave that there for now right okay so yeah. Pardon are French by the way but that's exactly what happened in the episode. God Yes <hes> okay so he and the father have a bit of a discussion and <hes> he's as they're eating a horse a horse correct <hes> and he's asking him you know do you know what at the symbol was for this sect and he says it was spurs because the horse was the holiest of of the and then he says so. Let's eat and they carve food of this source Bruce Yeah so basically this. This giant horse gets wheeled in on a spit. He has growth really growth and you can see hair. STAR DOES NOT WANNA eat the horse at all but he has no choice and they talk about of course you know the the <hes> what's from call it <hes> hamper do purdue yes hows available and he he also so contrived to inject Jesse making him the Messiah and Ryan He Confronts Him About Jesse to in this episode so <hes> the Jig is up for for her star and he's going to have to make a choice yeah. I'm what he's going to do so that's pretty much it but but he is really super gross the well in there's this one scene right after the he has dinner where he eventually vomits into a bucket caress yeah like the Romans used to do because they you know that they could just <hes> gorge in gorge on eating but if they vomited up then they wouldn't gain weight right so they could just enjoy why the pleasure reading without the the ramifications of it yeah like what is it blamed her or which one it is <hes> yes blue mia but yeah yeah he sticks something down throat yes to do uses like a stick or something right. It's gross yeah just really gross so this was an episode with all kinds of weirdness. Ah Insanity it was pre cherry. Yes it was so what was your rating nine roughly shirts because a car is wears a super roughly shirt and we're in sync on this one as we there are a lot this week I give it nine swallowed owls because hey a car is needs to convince cassidy that he's a real vampire not a poser. So what does he do just happened opposite have an owl nearby and he eats it whole yeah he opens unhinges jaw and inserts AL closes jaw swallow. Can I just give a hand to the fully artists ran this show because the noises that they came for crunch yeah it was good. I liked it all right just a little pinch between the Dome a huge Pinch House or not what they see these are looking for all right cloak and dagger one ten colony collapse season Finale Yep and this is written bias showrunner the job mccaskey directed by Wayne Yip U._p.. All Right A._B._c. a story arresting developments because there were arrested. They're not paying blue logo. It's not like David Cross whom I mentioned just yes be story. A tale of twos okay that would be the divine pairing perhaps correct divine bovine pairings the story all throughout the episodes got and the stories breaking the cycle Yup and beginning mayhem. I would've gone with unleashing mayhem. ooh unleashing wishing man. That's a good one. Let's do better yeah. Let's pretend I said that unleashing mayhem forgo what she said. Reverse it strict <unk> unleashing mayhem unleashing mayhem. That's us because we get the first appearance of May possibly and I'm saying I'm that's her right. I mean yes well. That's well the character <hes> has already been teased for season two because while we were watching this finale they the era little like cloak and dagger season to bring mayhem right and Brigitta Riley played by 'em Alana in this series <hes> just happens has to be the character who becomes mayhem so I'd say yeah that's probably a one hundred percent especially now that she has payroll powers and came back from the dead right and as soon as she got shoved into that yes nastiness you do that. That's platoon is gonNA come back as I was like s so I mean that's the whole yeah mayhem storyline. We don't even well you can pretty much well. We could talk about how that was <hes> Connors who tried to kill <hes> brigid and saw that she was by one of the pipes or whatever took a shot at her presumably now caused the the the pipe to open and sprayer with stuff and then she fell down she fell into the swamp or whatever he kicked her over and over and thought that was last seen of her but then in in a post credit sequence we see that she got out and our way out. She's looking decidedly. Oh little green in the face a little bit we lowy is and slowly is in all scraggly hair and just like her character on remain Hemi yeah he sought her like three times <hes> all in the back to I mean because he's a total Dick Right. She shoot a woman to the back right you like Uncle Fester on Adam Sandler and he shot her like right in the middle of her back and then in arms so she couldn't shoot and then you know just we easily but it's going to be fun watching mayhem hunt him down he added it is so that'll be worth it. He's going to have three super powered being people after all right I wanNA talk about his tail of twos. Okay first of all it was a vida that that told most of these stories right right and you well done for you not saying of Iraq I noticed so evita tells all these nary till these little stories of the no that was anti anti shantelle Chanel that yeah we'll well if he does that but so did anti Shantha okay yeah because she talks about like the Choctaw tribe beginning throughout time in Orleans there have been these divine pairings and it's always that one has to give their life so that nor Orleans can survive right so we get a Lotta history of New Orleans with this US episode right now. I don't know whether it's correct or not. I don't either but it sounds good right. It sounds pretty cool sounds pretty good and it's you know the that the fish had stopped coming to this pond so the there was a pair hair in a twin description. This could be some legends or something you're there was a pair of twins and one of the twin the girl twin you know ways herself down walks into the water and drowns aunts herself and then as soon as she dies all the fish comeback and there's the soldier who dies on the battlefield and surrenders the note at the last minute to the other the woman in the divine pairing and the woman carries the note the rest of the way and saves New Orleans and and the but the moral is of course one has to die right. There's always a divine pairing right and it's when it's right when New Orleans is set to due to <hes> to die to basically to save the New Orleans at the last minute so that it can continue to exist right and this is apparently like rocks on is going to <hes> of create these beings that are going to tear down New Orleans and tears as we find out there called right and <hes> one of the two of the divine pairing who are cloak and dagger tandy entire grown one of them has to die in order for the city to rise again the prophecy to come true right and apparently that is not true because tyrants ready to sacrifice himself itself right and Tandy is not ready for that. She said she thinks that he is too good. Yes she goes running in and says No. You're too good you know. This is exactly what she says but it's what she means we yeah we get. She thinks that she's more of horrible person. So therefore she's the one who deserves to die more than him right and then right as they're looking around there. They're looking at what's going on and they realized that maybe by combining their powers like the day that they held hands and they repair would they repelled off each other. It may be that power. Can you can stop whatever's happening yeah and neither of them have to die right so they go ahead and they do that and they end up on the top of this reactor yeah and everything using stunned yeah so they break the cycle in that way and the reason they do and this is my theory. We're not quite sure how it works but you just roll with it. My theory is that because their powers have been created by rocks on yeah or enhanced by rocks on that's what breaks the cycle okay there the divine pairing but they were enhanced by because they were created by rocks on. That's how their abilities were able to stop what happened correct Gatto they rose above everything and broke the cycle that right so <hes> so yeah we so we took care breaking the cycle and a tale L. of twos. I loved that narrative throughout the episode of the tale of Twos. I thought it was really cool to hear all that with all the dolls right it was a nice little backstory it was it was really cool cool and then <hes> at the end of the episode where Evita is putting all the dolls in a box and she lays tyrone tandy's fetters box and roses the lid on them like okay okay storage till next season. Yeah probably <hes> and we gotta break so you know we're GONNA get about nine months to kill so and after all that's done <hes> tyrone has run away because the police Sir all over his house apparently the place of decided okay. He's the <hes> he's the murderer of <hes> <hes> what's her name a Riley's boyfriend remember who got fridge edge right so O'Reilly by that time because it was after right after that so yet so basically they decided that Connors I'm sure instigated school. Throw all the blame on tyrone right without any justification probably of course right he hasn't because this is a completely corrupt police department remember and he's already saved the whole Police Department right from these terrors which again we'll talk about that in a minute but <hes> yeah they're all over his house so his mother realizes she goes upstairs and sees that he's taking a picture and some other stuff and she realizes that he say he's run away so now he in Tandy we are going to be living in this abandoned shirt and I'm hoping that they find someplace more secure the not for the next season but we're just yet Tanis move back in with her. Mom has she yeah she moves it as they they make this whole the scene where she shows up at her mom with her stuff so she's cleared out of the Church so then that's why tyrone moves into the national humans in Okay and we should've I forgot to say about Connors Connors actually got <hes> tyrone got a hold of Connors I oh yeah and and and like are you scare you should know and allowed his <hes> dark energy to envelop them inside into the in eight him up birth pulled them in like a into the ball. I'm completely stalled. S wholesome flu stuck to it. We gotta get that soundbite well. He actually says F so. I don't think I believe it out. Maybe maybe it's funny though it was funny all right and then arresting developments at the beginning of the episode Connor Arrests O'Reilly and tyrone because they were conspiring inspiring against him in the last episode and he takes them both in and he doesn't put them in a holding cell because then he would be forced to book them and he doesn't have any evidence so he keeps them down in like evidence evidence in the evidence lock up or whatever and he's going to beat them or whatever but probably right but the terrorists breaking to precinct and <hes> <hes> in in all the mayhem <hes> tyrone. I see what you did there. Thank you tyrone gets his cloak and all the tears are like clawing at the cloak and they ripped to shred yeah just like the Blondie Song that's true but shred he does manage to pop around and save a bunch of the police even though they were all trying to get him arrested he still saves them because he's better than they is. A million times and vilely also helps and so maybe we'll riley is gonNA go as mayhem is GonNa go after the rest of the dirty cops I would. She owes them. They just stood around well. She took a beating in that bar cop bar so Yep. Did I one by one. Maybe <hes> let's see what else do that would make her bad but also good yeah <hes> we did get a little to the marvel cinematic universe in this where <hes> Tanny was questioning scarborough by why they're drilling in the dark matter and scarborough was explaining that well in this day and age I got we have to keep up with Tony Stark's and the Danny Rams Heat. I remember that was nice. Oh and she takes his hopes right so he's left jabbering in the elevator elevator right and she also hooks backup with Meena so she tries to give a little bit of hope back to mean yeah probably feeling guilty over that yeah does she should as she should and I think that's one of the reasons after after her meeting back up with me that's one of the reasons she goes back in to the reactor and then tyrone <hes> he leaves his mom that tattered had her cloak right back into the house avoiding the cops and just to know that let her know that he's okay. I guess yet 'cause Tandy has given him back the hoodie bright so yet now he's wearing the Hoodie we find out that yet tanny kept the Hoodie that he wore as a kid all those years ago so he's not it's Hoodie dagger now. I guess doesn't quite work doesn't Hoodie and light so hopefully tyrone decides to take up some more sewing Hoodie and might spike is hopefully you'll have some time to kill at the church and can so up new clock. Yeah that'd be nice. It would be nice and <hes> <hes> you know maybe <hes> Tanny can break out the white leotards. Maybe you know that would be nice to it would be and hopefully we can actually see them use their powers together more than more than like a couple all minutes right because this was the only time they've actually used it right together and it was pretty cool looking yeah so very briefly cloak-and-dagger together because they actually actually made his like smoke thing and her light thing and it came together. It was very cool looking yeah it was there is the light was feeding off the darkness. The Dr Seuss feeding off the light just like it should all to briefly yeah it was is just not enough for me although after that after ten episodes of padding and this would have gotten a higher grade for me if we had seen more of that throughout the season because I like I want to give it more but finally gives it's a little taste of south than than up season finale right. I'm back next year guys so yeah. So what are you give it. I give it eight and a half shredded cloaks yeah as opposed to chuck the frosted shredded close indeed personally. I like the shredded we cloaks okay. Shorter Week looks more fiber. I give it ain half as well because you and I are on the same page for every episode it spoiler alert everyone up <hes> eight and a half absorbing hoodies. It's like the bounty quicker picker upper yeah. There's a great shot of them after they magically diffused the reactor her that apparently I think tyrone teleported them to the top of the superdome right a was that the superdome I think reasons yeah because of Katrina and everything and it looked like they should have asked for a cigarette. Yeah well you know what that was. That was a Directo Mosh to win after tyrone had pull tanny out of the water as a kid. They were lying there in the beach remember. They woke up together molding hands. That was a direct right yeah. I think that's what it was nice brought everything since they were adults it yeah made it look like they should have been like hey. We just saved our city. Let's have have a little <hes> was a good for you to yeah sweet Christmas that have the Luke's we still don't have luke sweet Christmas Dewey Christmas. Oh there you go cold yeah. That's that's what I want. I played in earlier. I is there only one that I'm limit. No Okay No. There's more than one Christmas okay. There's always was room for Christmas and they're only Sanford Kris okay to US Evan Spiegel Luke cage <hes> reminding homerun Tei Matthews directed by Reshad Ernesto Green all righty on a known only bond saying A._B._C. Jerry Jerry Oh eight. That's walking dead. You had one job Jerry you had one job. You should one Juerg and dairy is from parks and REC. That's one of the people that essay you had one job to write and he and the beast story is tanked. Yep Promo Plan Fridge D- of course is <hes> Yeah Parana gets to sleep with the fishes literally sure does Yup. Hey where can I find a bunch of Piranhas so I like an ironic statement. I think that was funny that they actually made Gwynne to the effort like well. Hey his name's Parana. Let's go to the likes speciality pet store because these are exotic animals and just happened to have just happen to have them. I know my local pet store has a tank full of promise doesn't your who's doesn't right okay and then I have used a walmart right sure yep they do so guns next to the guns ammo yeah guns Ammo Piranha tank and bills and now D._C.. Comics no you know it's an acme lineup just but I'm just saying that they started selling D._C.. Comics do they these specialty comics the Wolpert to try to expand their sales base. That's cool and I have a few C- Stories here playing second fiddle while home burned okay instead of Rome burned Yup armed and dangerous okay get it aren't oh yeah yeah because misty and then to for r.i.p Comanche and Verdon our I'm polling out one for my homie one for my comanche yeah it's actually three for but I didn't WanNa Count Piranha in two for because that happened all at once the Comanche Convention ridden our yeah yeah so we're. Let's talk about that. I let's do share that was all kinds of Shakespearean wasn't it. It was shades. Shades makes a major move in this episode. Lampshades is all I can say. Shades is the captain cold of the Marvel Universe seriously. Am I right you are right yeah. He is cold as Ice Yeah and see this is why now a this is where I stopped watching here so I don't know any further than this okay good because I haven't either this is where confounds me because he he in-command she had this relationship as we learned last episode right and we just learned about it right right and now this episode it's like like he's spitting in the face of that relationship. Well it just to make it like more personal yeah because yeah so what happens is that <hes> shades finds out out the Comanche has flipped to ridden our in his ratting on them. Even though a writing commanding is backpedaling yes big time but he's figured it out right so comanche he tries to cover it out by shooting rigour right but sh- ages dislike comanche you broke my heart yeah yeah and and shoots comanche right now keep in mind all the history they had all that backstory we got in the previous episode of how they felt about one another in how they were. They got through prison together and <hes> shades knows how comanche feels about him in how secretly he felt about Comanche back in the day. This has a lot of permutations for me right right number one. They did have that conversation last week and shade aide says to him but this isn't on the inside. This is the real world right so he knows now. That comanche wants it to be right. I don't think he killed him because he wanted it to be. I don't think he killed it because of that but I do think he thought I think he killed him. Because he found out he was a snitch. I think so too but I think that was another thing off. His mind right is unless they have to worry about right is just like you you know now. I don't have to worry about him. Outages say the decision a little easier right he he can't out me now as well. You know yeah okay. He was disloyal. That's number one number two. We can't out me number three. I don't gotta worry worry about him. You know harp on me with Mariah. You know there's all of these factors all so it made it super easy for him and it made for really compelling television because we really got invested hitting these guys you know we did and <hes> it. Just you know just you've with all this keeping this ever. What shades is probably going through shades his head as you factor in everything that we've learn these past couple seasons? What a big step it was for him to do that? Yeah it was that was a move right out of the soprano. It really was an and again you said Shakespearean. It is very Shakespearean. It's IT'S A it's a healers like a really powerful like mafia movie. Hurry he'll turney. I mean it's it's a you if you're looking at it from his perspective. You're like oh well that makes sense. He really had no no other horrible. Oh yeah yeah he had no other choice in that moment he can't trust comanche anymore right and it was a really anything else him because he's known comanche. He needs so close to him. Yeah so you already know that he he's not in love with Mariah. No He's not I'd be willing to bet he was more in love with Comanche then he was with Mariah right but because of the way his life is yeah well he wanted to be more than a criminal remember. He talked about that lasted episode right so comanche wanted to be like what what's wrong with being a criminal little right so right away his life is right now he has to be where he is right. Now he just he has to it was the sensible move for him right not so good for comanche no really bad for comanche they really bad bertel moment brutal okay so probably one of the best moments on the show so far yeah it was. It's shocking for sure <hes> and I thought I was shocked earlier in this episode because we had <hes> we'll talk about Rhonda now we had Luke Fleeing Heroes for higher with Parana and he dropped upped Piranha off with his dad in the church right and then he went to fight Bush Moss staff and he was ended up at the bottom of a river because Bush Mazda is a dirty fighter right right but there is no consequences which kind of bothered me. I mean it was just you know Oh. Hey I saw my mom and then I woke up well. I mean remember. It talked about the hell Luca drown. I know so he almost died. That's when he came close to it enough. That's why he saw. He thinks that he had like a close near death experience. I get it that's why he saw his mom. Okay so all right so I think that was something. I don't think I wouldn't shrug it off like Oh yeah it was on the bottom of the river for a couple seconds and that's it. I think it would have been okay with some mackin nations going on in the background. They could've done more with it. I that's what I'm saying yeah. I feel like there was no consequence to him going into the river but yeah I get what you're saying. I think the consequence was that made him have that vision of his mom. So therefore he felt he could go to was dad yeah. I guess I think that was the purpose of it. It could have probably been told a little better yeah but I think that was the purpose thing okay to motivate him did like reach out to his dad. Okay okay so he goes and talks to his dad and says you know hey where's Parana. Oh he left right after heated right. You had one job and he says that in episode which I love come on Dad one job in one job and that of course reminded me of parks are even though it's even said in more things than parks and rec it just they said it all the time parks are Jerry. You had one job <hes> <hes> become. It's become a popular catchphrase. Has You had one job up culture reference yeah they trace him back. I think to like the early nineties <hes> in in pop culture at least anyway so yeah <hes> he piranha left and <hes> he gets nabbed by Bush Masters Group Okay in the end but anyway <hes> Luke has a chat with his dad and he says he saw his mother and they have this heart to heart and was there <hes>. I don't know if his dad this realization that like okay that that the world may be his problem but it's not always his fault right well yeah because his dad had always told him that his mother died of cancer because him we jail yeah we basically find out what a Dick we got a brief glimpse flashback of his dad's saying well. You know your fault that your mother has cancer right because you're in jail yeah well. It's all someone else. Being jailed doesn't cause cancer for that other person yeah right. It doesn't cause it. I mean that's not a carson does such a Glueck dealt with his father blaming him for his is mom's death right and he confronted him about it and even though his father cheated on his lum right in had <hes> what's his name the other guy the guy from last season now now that cotton mouth you know the other guy I know yeah yeah. You know what I'm talking about. Not Cod guy the guy that was so memorable. We've forgotten his name. He was those memorable though yeah it was though it has a drive it's nuts now. I'll look it up. You look rookie talking so <hes> what else cornell now that's cottonmouth. Is this a diamondback diamondback. Thank you back will if will a striker. Yes okay now that I know diamondback all comes now we can now now. We can talk now. We can relax so <hes> Bush masters gang caught up with Parana who was trying to high tale it and <hes> they they were talking to him about things and he was trying to tell him hey you know I can deal with you to <hes> you know he's being a weasel with them. As well right and things did not work out no firm big time they were so yeah then you know next thing you know detective Bailey <hes> gives the or in ridden our give misty call and they show up and I guess his head is floating in a fish tank along with some Parana Parana Parana course yeah it's not great so so. Do you think it was <hes> suicide yeah I think he cut his own head off and put it in tankful of prize yeah and there's a bit of a showdown between misty and the other cops because she's not a company more they ask her to leave and you know there's some snapping shopping happening between the earlier in the episode written our try like went to the basketball court to try to bring misty bag. He's feeling I'm not into it no and she's telling the the female COBB when you go sing on Broadway yeah. Why don't you go sing on Broadway because she was seeing just I'm just I'm just waiting for misty to punch art with with the with the by arm yeah interest crusher face? Let's do the worst yes. She is yeah yeah in there. That throwdown is very tense. I thought but they do have to leave because you know they're not cops so they do leave and at the very end of the episode she is also called Missy is called when ridden our is killed yeah so she shows up to find Comanche and written our and I guess it looks like a showdown between the two of them instead of anyone else interfering at does. Let's talk about playing second fiddle while home burned yeah Bush Mazda <hes> is talking throughout this episode. He's getting a suit tailored and he's talking about his mother who was in her home while it was being set fire to and how she sent her son outside him and she ended up getting burnt in the home right and we didn't know where it was going until he decided to kidnap Mariah until the anti them up in her brownstone because once mariah found out that her money was gone right after which was which was a great moment yeah <hes> after Piranhas head was found and Mariah found out that he was dead. She looked for her money and if turns out that Bush masters gang new has stolen money. You had to take it right <hes> so she she decided they had to get Yup. They're all getting ready to leave and then all of a sudden bushmaster shows right so they get <hes> tied tied hours Yup Yup and he's going to set the the Brownstone on fire fire and this is you know in retaliation for what happened to his parents. I guess and his mother now what are the odds than Tilda that her dad was Bush. Masters relation doesn't think as Mariah has not said who the father is other words yeah. It's a good point because has the grandfather was involved with right Harlem's. Whatever plan point is a good point? I'd say headsets <hes> shakes magic eight ball right could be outlook increasing yeah. I think it might be an it's. What is it McIvor or something? McIvor McIvor not like macgyver known coming up next on A._B._c. gave her favor macgyver Co m._c. i._v.. E. R. Mech Iras. I'll look not so good. I like that. I can't do that with mine because it's not closed at its own okay it. Did it sounded great. It sounded like a lack of really full magic table yeah the that's been. I've seen that like some people have said Oh. What if they are? What if then is Mariah's X.? That's a good theory. I like that there yeah and so anyway no not seen pass this episode Brownstone fire. <HES> GLUECK runs out to deal with calls him who is it. It's DB that calls him right. W Yeah number calls him Mr like I'm going to like cell videos of you. Getting your sucker punch tonight. He calls on says Hey Moore is Brunson's on fire and Luke runs to save her and and when better than they are right and when Mariah is out on the ground realizing that Lucas has saved her she is incredulous and then says i WanNa hire you but you have no money okay. What are you going to pay pay for it? You know like cookies right and there is also a scene. What do you feel that credit check? What's the scene where our <hes> were MRIs fighting? Oh 'cause I know there's a scene where she's fighting. I just can't remember it. Okay okay so <hes> they take on a bunch of thugs and missy holds her own but in the arm works really well Luke saw impressed right this kind of flirting like you know you're my sidekick no year my eyesight right right that bit so I thought it was a really good fight scene. Which is why I mentioned it armed and dangerous? It's kind of fun to watch Luca Misty right now because now that misty's able to Kinda keep up with Luke they play off each other really well. Oh really yeah I like and instead of like no her trying to chase him down and get him to make a statement for all the time right. This is a yes as much more fun. This is much more what we want to see them as partners yeah equals like there. Doesn't I mean they're flirt but it's not like a heavy flirtation. Let's just it's kind of like you know witty like moonlighting kind of baiter yeah. It's like <hes> smacktalk kind of in away all right. I think that's everything I think that is to switch your rating eight and a half. I love us and I love you in this case was shades and Comanche yet again pouring one out for my homey and you gave it again in sync go figure eight and a half severed heads and phearun attack. There's a another piranha in the parental. Take there's many different species of Parana Parana Heads Parana heads them up young. She liked that Little Barnsley Sank U. I liked that Dr Bento songs you know Barnes and Barnes played. One of the members was bill. Mu Me from Austin space. Will Robinson really really really <music>. I've never seen like is upon them. Have you seen the video watch the video go to Youtube and watch the fish heads video bombarding burn it yeah it's bill bill mummies. One of the members okay cool. We'll trivia bit thank you. I've learned today as you. Everybody should on the fan zone podcast de ideal the more you the more you now all right so what's our final show Winona URP three. Oh three colder weather written by showrunner Emily Andress directed by Ron Murphy Great Yeah and <hes> not the chair reaced winona herb episode on other. There is some funny moments since there are so not completely you know Morbid affair but none obviously we lost dolls repre- sure is dead because hayday cremated in this episode so I'd safe to say that I think he's already dead. I mean they could always bring him back through speller something but they they went to the trouble of cremating him and burying his ashes so I think it's safe to say that at least for the foreseeable future dolls dead right and even though especially because we have hey a new black character on the show in the form of the Contessa right because apparently WINONA URP has a one black black character per <hes> season <hes> prerequisite right just pointing this out at least they have their diverse yeah this this is true but I think that could be allowed more than one black character person of color though they do. Oh Yeah Yeah Germy Jeremy. That's true good point okay so so <hes> Acery wakeup Bona Yep that's celebrating dolls. Get it wake right because it's a week and the beast story never abetted Dave. How are you look a little different? You have something you have like a like a little magic marker something there on your upper left drawn on mustache. Not Everybody can pull that off but on it looks great Phil. Oh okay so maybe story is drill on mustache and I wanted to play that because I want to say it like this Donald Mustache and the reason I put drawn on mustaches because it's drawn yeah get drawn. I on you drew with your finger at a gun right drawn on as you have to tell them this because they cannot see your finger. I'm hoping pinged you will explain doing so yeah. So what Karen is doing is like she's like you're drawing gun out of your holster drawn on month. Yes guy so they do on each other. The two guys with the mustaches okay got it and then Dura Muse Bogan. Thank you Eddie vedder. When we're nice saying Pearl Jam I usually do this hero or to Sing Ligeti vetter? You have to sing like drunk share. Is that pretty fair. Keep your mouth shut pretty much yeah but this is why I'm under von Fan. I love new Brown 'cause into fighters. 'cause The day Pearl thing so you had Jeremy Spokane is is that part and a quiet open okay which would be the opening yeah. They played the slow down. Yeah we got a different version of the theme this episode. They did a different regional special dolls all's memorial version of the theme music. That's right. I thought you were gonNA open with that but no no I didn't WanNA play the entire thing or I would have not in the cards and that is our new character and the plots thicken okay yeah. There's a lot of <hes> discussion about who's GonNa get buried where right this episode which makes sense because Hey. How often does you know a cast member death? Come up lots of death. Talk talk about that by the way it's pretty much just waverly because waverly is not an herb right or at least. She doesn't thinks she's an herb and who knows at this point well. We we get a hint. They make another illusion. I think it was the Contessa that hey she something more right and when they go see the lawyer <hes> <hes> daddy or did not have a plot for her so she asks Winona you know hey there's not a plot for me so I don't know where I'm going to be buried when on his like yeah. I'm not going to be very they're either. I'm not going to be buried here on the home on the homestead when we're eighty eighties nineties right and she says don't ask me if if officer hot can get buried here. They they drink a little bit laugh and she's like okay. She can get buried here. Well apparently what started all this was that the call hot toll waverly her girlfriend that well when she dies is she wants to be like put up in a casket high up in the trees eaten by vultures in pooped out over the forest right because he doesn't be going to be shoved into a box while it's very eco-friendly right so so but waverly is like my girlfriend was to be all pooped out right and when she tells Winona that went on says okay she can join us then 'cause. She thinks it's hard core right. You gotTA respect yeah in by vultures you know yeah. I don't want to be in a casket either. Just that's ballsy. I don't either I WANNA be cremated in scattered into space. I just WANNA be seriously I want my ashes launched into orbit aw that's GonNa Range it okay cool. I don't know how much money is GonNa like. Maybe CEPA Trust Fund or something. It's GonNa take a lot of I'm hoping there will be like a big demand for it. By the time I die so hopefully it'll be cheaper. I don't want to go into space so I'll pass on that. I always wanted to go into space. No I can't imagine failing that failing that I would like to be scattered in like a river or something. I can't swim swim so not that either. Will you be ashes so you wouldn't out no. I don't want be somewhere where I'm uncomfortable. So I don't WanNa be enclosed on WANNA be in space. I WANNA be in water but I do. You Wanna be thought about kind of weird topic to talk on the Pike it's not about I just don't WanNa be in a casket. I know that much right now that's okay. I respect that yeah. I don't either so roast so now that we've heard everybody up yeah okay so quiet openness. I blame this episode personally quite open. They had a special opening for this show. It was a slower Maudlin Aublin version of the theme music right and Jeremy. She gets the brunt or he he gets the brunt of it's easy to confuse that the brunt of one on his of anger because he tells none of that he knew dolls right was going to die and that dolls news he was going to die so he said the wrong exact wrong thing to Winona at the exact wrong time correct and so therefore she was ready ready to declare lifelong grudge against Jeremy Yeah and it wasn't good no so there's going to be some fallout from that yeah because they don't really resolve it. Do they. Nope they not yet at least but right right right now at least reknown grudgingly hollering his presence yes that's about as good as Jeremy can hope for right now right now. Yes <hes> she's telling him to get out of black bag although I don't think she has that authority well there is no black patch right. She just wants him his stuff out right like again. Pick up your crap and leave. I don't think she has that authority even still because she doesn't own the bar right in which his laboratory Tori is because doctos right yeah and then not in the cards that is <hes> what's her name the Contessa the contest who is reading cards throughout this episode and Talk Really Fancy Tarot cards it really cool very modern era parts and <hes> she undock haven't passed which we knew it was a romantic past apparently yes we find out well. Hey they were married aid yeah so awkward quite into other question question is are they still married yeah. That's that's a little nebulous didn't again awkward. Although Yeah Kim's believe there's no statute of limitations on that you count yourself married. If you're dead well you know if docked died and then came back. She died in came back right. Uh so does it still count. Presumably I would think not though till death do you part. Oh yes true to death de apart so maybe that's the escape clause if you die. I guess you're single again <hes> even if you come back even if you come back so take note everybody yet because I know that if you're presumed dead yeah and you come back you can still actually still have to petition right. Welcome to be brave to prove yourself as you're still alive right for one thing right. There's a whole tangle of legal issues yeah. I'm not sure where the the current legal status is on resurrections yeah. I'm not either so yeah. We'll have to do research on resurrections why I prefer regeneration exactly okay so wake up winona. They decide to have a week for dolls to celebrate his life life a good Irish week right <hes> because you know why wouldn't they they because he he <hes> chose his family he had family apparently in Arizona but they chose them as their family so to dolls to doll day clink yeah although you know they're not really feeling the celebration so there's like one outsider. They're who's this guy from Dolls Unit Right Military Unit Ramon on Quinn now what happens is he's on mustache. He's upstairs in the bar and DOC is downstairs trying to find stuff he he finds that like he's been cleaned out or I know he hasn't been cleaned out. There is nothing missing banana liquid man liqueur. That's the only thing that's been taken right right banana liqueur and he hears noise upstairs and he goes upstairs upstairs. He says he says something to the guy and the guy turns around and he says apparently I'm holding a gun on someone with a rather intimidating mustache S. or a serious mustache or something or someone who's on his game with his must I mean it was something very cool. Which is why I thought of drawn on mustache right and of course Sean and I have had this thing where every every once in a while when we see someone with the ridiculous mustache and it can be big or small or whatever we go? It's the drama mustache Dave because of that clip from now. You've got to use them yes and so I got to use it in this episode food so it's a Ramon Quinn. He's from dolls unit. His military is black badge unit right and dolls was his last remaining alive friend from I'm Nina and he's got out all the other dog tags from all the other friends and he shows Winona all apparently he's got him in these nice little like kind of like protective guards you the keys yeah exactly so he's Kinda just flipping through the dog tags as you showing and <hes> I is he staying on the show or or I have no idea alive at the end the episode okay so he might stay. I don't know we'll see but if he'd left I would not miss him. No me either. He didn't make much of an impression as you can tell. I don't even remember he stayed Paul Episode. I mean he was okay but yeah yeah so Donna is pretty much just sulking and not without reason why well when they start this episode off. She's taking it really hard yeah. She's the most obviously the emotional of the group yeah like she's. She's out in the woods getting hammered because hey it's one oda and she's just like you know like F._U.. Bull Shar Yeah Yeah and she does at one point and I I guess it's near the end. She doc have a bit of a reunion kissy-faced reunion right and she says stem we have to get bull Shar and they they vowed. We said that they're GONNA get bull. You're right so and there is of course some killing of of <hes> residence but they're not Hoshar. They're just some residence then we have the big ceremony at the end where they hey everybody brings like a memento right and buries it in the box with as little mini casket. I should call him many casket. Yes yes many kiss. Get Charter meaning asking yeah so it was a touching episode of winona definitely was upset you could see and she does a great job. <hes> a really good job of <hes> Melanie scarf on on thank you welcome playing those emotions in there autism light hearted moments. I loved win when officer hot and waverly were sitting there talking to the undertaker funeral director whatever and you says yes you'll have to ask your husband's and in hot puts her hand over wave lease hand smooch Yup and he's very scandalized by that they have the vapors are definitely together yeah. It was very funny so yeah. There were some good some really funny parts and some I'm sad parts and I thought the theme was very touching as well the again. If you're a buffy the vampire slayer fan go watch conversations with dead people okay so just saying buffy at some point a promise all right so you're eating for this one I gave it eight and a half dog tags Yep and has just like for all the others this week. We're completely insane because we share the same brain yet and I give it eight and a half bottles shorties whiskey yep lots of Whiskey Poran another one out for my Homey Homey for my lost a lot of people in in this week's R. A. P. Comanche r.i.p dolls okay Ok p Parana Piranha <hes> dolls <hes> who else we who else do we lose. Oh <hes> are well. We don't want to give r.i.p to connors so we know what the Chick Boyd. Oh yes our A._p.. Sabina thank you Sabina yeah exactly no. We don't WanNa give it's a yellow. The body count was rather high this week. It was super high all right so do we have some just seen a feedback we do. She sent us emojis with it Yup. So maybe you can decipher this well. I like to your last ask to Emoji okay so so this is my take on the emoji yet my mind my translation of this is hey. I'm happy <hes> I'm really excited. I'm waking get you in enrolling my eyes off to the side that I'm writing you this note about popcorn and then I'm shocked by this and because time Lord I have to hearts and what it is. It's a a happy face with their hands out was made the best translation and then a smiley face and then a winky face and then is and then a paper writing and then popcorn and then face and into hearts so she sent goes to be completely upfront. My Emoji to English translations skills are not the best. I like the two hearts doctor who I'm Italian Lord because as I have to very nice so that way I can love you more because I love you double all right so she did send us audio. Thank goodness yeah this code right so here. She is Karen Charles. You'll never believe believe it. I totally forgot could send in reviews for one owner. I didn't forget to watch it but for a moment I forgot the phantoms will be covering it. However I do always watch that one time shifted so it's very very likely that Meyer abuse will always be the week actor but I have really enjoyed episode one end to of this season? I really liked the they are illustrating consequences the consequences of losing baby alice the consequences. It's a quences of <unk> keeping such a big secret from white really about Mama and boy. I love the actress that they cast to play Mama Herb and I think having her in the show is going to bring a whole new dynamic is still haven't the heart to push play on episode three because I can't imagine life without dolls but it makes sense in such a high stick town like purgatory or there's demons and remnants and such that not everyone is going to get out safely so my give episode one ten out of ten neckerchiefs 'cause it's European. You know episode to ten out of Ten dragon dolls saves the day the finale of coconut dagger was amazing arrived on the flashback showing the divine parents is throughout history and the special effects of tyrone in Tandy's power combining really amazing as well giving the episode ten out of ten new old cloaks. I've a wild theory based on the flash trailer from COME CON- on it probably won't turn out but here it is Norris itchy made a big mistake and I remember that in some continuities you said Burien Iris have twins so I wonder in the upcoming season if norris twin it's going to beat the bad guy and that's why Norris said she made a mistake. Guess we'll have to wait and see heather super week. Yeah thank you. Just you know that's that's a good question. I don't I don't think so because we know that the Bagai foresees a five is gonna be this Guy Names Takeda who historically has nothing to do with the speedsters as far as any familial relations but it's not like they haven't changed things before anything's possible people help not though because I don't want it to be that personal in the future Barry we've we've we've got plenty personal with having <hes> excess around right so Ooh. I don't think we need to do more but but who knows we'll see and I wanNA give Justyna very special shoutout because Justyna was kind enough to drop me a line on the twitter machine and ask how I was doing post my surgery surgery this past week so just united just want to say thank you for that sweet gesture and <hes> obviously still alive everybody Yay so <hes> anesthesia did not take me out. I was glad when I heard so so <hes> took about close to two hours though but thankfully thankfully <hes> because apparently had some big honking a nasal polyps that needed I saw that they were big yeah. I didn't see see them. I post saying yet. They were big yeah. Apparently they were pretty jumbo-size doctored in contact Mingo Dude. It's like yeah we put these up on the Internet because it is you gotta check this out there amazing so actually be really cool and before we started recording Charles telling me about some things that were happening and I was like that's a really gross if it's really because I've been I'm telling you about all this blood and mucus staff and crab coming out of my nose and this kind of awesome. It's Kinda like like I phrased is like I am repulsed but yet intrigued and yeah okay. It's grows but still gross stuff but you know hey bottom line. I can breathe again right. I can breathe through my nose again. Everybody don't sound like I have a code. <hes> detained and I'm really happy you'll be happy for you so <hes> still on the road recovery still like <unk> said a lot of residual blood mucus in crud but <hes> no better than there my favorite band so crab attrition crud to see them down at the stadium down sit down at the Ohio State Fair. I'm really thumping this so <hes> thanks everybody who's pass along. Well wishes especially you just either because I really appreciate it. He's The bestest you are the best as our listeners. If you WANNA be at even fifty percent as cool as Justyna. She's raised the bar pretty high. I don't feel bad if you don't quite measure up but she's the gold standard she is. You can email us at phantoms uncast at Gmail Dot com you can contact us on facebook at facebook dot com slash zone podcast. You can contact us on Instagram at Fandom Zone podcasts and see our audio grams there on twitter we are at Phantom zone cast and you can listen unsubscribe to us and apple podcasts acid. Leave US view please do because that helps people find us so in obviously we love to get our likes and follows up so and also be sure to check out the instagram page. Yeah it's pretty cool. I think yeah as Karen's putting some work into that and <hes> as we give little create actual bonus content for you guys to help teaser upcoming episodes so <hes> please check that out let Carrie we know that her hard work has not gone unnoticed. Dumi do me a solid okay hard. It's cool how it's not hard. It's cool. It's working they reach you. I am at Elev- Area A. L. L. E. V. E. R. I. A. on the twitter machines and <hes> it's Kamer tag thing Yep and there's a link in my bio to all my their stuff. I just wrote a story on my blog I did. I need to check that out and it was not aware of this to wow story however yet kinda follow it <hes> should I will. I be able to okay <hes> first of all. There's video on their okay. We'll give you kind of the idea our our leader of faction has done something pretty bad and there's kind of a consensus that most of us aren't happy happy with the direction that are narrative has taken a are faction in the game and so we're saying that we can kind of ride our own story and the alliance side. I'm hoard toward the alliance side has written their own kind okay story so you have dueling near end. I wrote my response to it to a friend block and there's a link to her story on there as well so I wrote my response to it and it's it's my like R.. P. My role playing kind of you know I'm following my war chief but I also have these reservations and I'm not in love with what she did but I do have to follow her and Blah Blah Blah. I need to check that out so I I recommend everybody else. Check that out too so I just did that. A couple days ago. I got a little few re tweets and stuff when I put open the girl that that road the science version link on our facebook page if you want it doesn't have anything to do with comics though so it's okay okay about you. It's about the hosts that we do this crazy podcast that we all love crazy whereas the podcast Chris. I hadn't been doing a lot of my blog but I did that the other day so I just I decided to do that because we just like you being creative not very happy with where things that gone lately so okay so anyway <hes> there is also a page there with all my links and I just updated it by the way some of the blogs I follow and things like that so yeah. That's me L.. E. V. E. R. A. and you are an I am C. H.. A. R. L. E. S. K. H.. E. G. S. awesome at at Charles skaggs. I think I got that right you did at Charles skaggs on the twitter machine at Charles gags on the instagram Google plus for are you crazy as close said Ed without Sinus Congestion Zone <hes> facebook Ecorse Charles skaggs Hilliard Ohio and <hes> my blog icky things damn good coffee and hot damn good coffee and hots why talk about all the shows we'll be talking about here on the fan zone podcast and more and <hes> post in all kinds of comics and Sifi news the aforementioned news about supergirl. Yes I got that up and then posted some news about Patrick Stewart returning to Juggle Rod Right O._M._G.. Right how exciting and he's going to be captain. Picard like just twenty years later so star Trek is finally moving forward again right like we're not doing prequels. We're finally moving the federation forward time-line wise can't we can't wait for that. My husband has been watching the next generation for like three days Lorraine. I watched the pilot encounter Afar points that is terrible so sorry it is terrible but it's worth it because it has my favorite one of my all time favorite star trek next generation scenes yeah the the scene where one hundred and forty three year old Admiral Leonard McCoy. Oh walks down. The Hallway is walking down the hallway with with date with data data is it that Britain Brent's fighters data because because yet because they make you make cracks about like don't see no points on your ears boy but you sound like Vulcan Yeah so <hes> deforest Kelley is one of my all time favorite actors on Star Trek probably the my favorite actor on Star Trek and <hes> any seen he's in is always guild so health Michael Bell in it in Michael Bell Yeah who did it used to do a lot of superhero voices like he did like <hes> the Bruce Banner and a bunch of others back in the eighties smurfs yet you name it. He didn't want your choice for a lot of voice work back in the eighties so a lot so and <hes> so yeah check that out if you would and then also has news about my other podcast here for southgate media goes with two peaks talk has they would do for with Zan sprouse and next up everywhere the doctor who podcast asked award-winning next up everywhere here. I hear there might be some new art. There might be sh- it's a secret okay. Secret is their new art though so we'll see but <hes> 'cause yeah because a certain in Caroline's he's GonNa be joining us as co host. We have a new member aboard the Totti's in September hopefully second grade so <hes> yeah get ready because <hes> series eleven about to debut here shortly and <hes> tight talk times park has to do with Jesse Jackson of the aforementioned next up everywhere the doctor who podcast where we talk about the upcoming D._C.. Universe series titans in this May or may not have anything to do with what that we just talked about. The next week is going to be one hundred fiftieth episode. Can you believe we've been doing this for a one hundred fifty episodes I can and I can't you poor people with us for that long. Oh ooh hundred fifty. I think they like us a little bit. I hope you like us. Hope you really really like I think they do but <hes> thanks. Everybody who's been following us for all those one hundred fifty episodes. If you haven't well you know you can go back and listen to old episodes. They're still available. That's true right. It's not like he couldn't catch up right but but if you have already done so you are amazing right and we will send you a bill for your therapy yeah. There's that and we're going to have guessed yes hopefully hopefully we're gonNA try and lineup a special guest for next week correct so we won't say who because we don't know if he's GonNa say yes yet or not right or she or she could be a she could be could be she. Now you've given away but yeah I have giving away nothing and like it. I'm sorry what Yeah <hes> yeah so one hundred fifty episodes yeah so <hes> I love my second of it and I have to because I got to spend my time with you. One of my favorite people people you meet to you so we've been doing this for what like going on for years now too close to some good so yeah. We're coming up on our season for its that's not even counting the dangerous habit things or is it season five or coming up on he's in four seasons <unk> s right. We haven't yeah that was not even going back to dangerous habits so yeah and <hes> yet we found out that Patrick Lugo who wrote in apparently really has been listening to us since dangerous habits excellent so that was cool very cool so hey patrick longtime listener apparently so respect to you and <hes> so come on back. We're GONNA do a Big One hundred fiftieth Phantom zone known as we talk about a three shows. We're GONNA talk about preacher. We're GONNA talk about Luke Cage and Winona herb right here. We are so come on back. y'All it'd be good one bye bye yeah.

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