Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en okay so so you don’t like to lose if in this case you are not successful in you know the board does not accept your offer you’ve said you won’t go higher is there a plan b there is all right we’re live breaking edition sean just texted us and said we got to do this elon thing sounds like you’ve got a lot of opinion or you have a lot of opinions i got some opinions i got some opinions for sure uh first let’s summarize what happened and then tell me how you i guess like how you initially heard about it and how you reacted to it when you first heard so let’s start from like all right so the weeks and months and years ago elon has always criticized twitter saying how he loves it and i actually think he’s one of the top 10 most followed accounts in the world and of the top 10 he’s one of the few that is actually actively posting as a normal person would and he’s criticized twitter for doing some uh for banning free speech things like that for basically being too liberal he didn’t ever say that word but that’s kind of what he’s getting at right and about ten days ago or a week ago he bought nine percent of the company and then he announced that he was going to join the board of directors and the weekend after he announced that he was joining the board of directors he started posting things like let’s turn twitter’s hq into a homeless shelter i actually lived next door to twitter’s uh headquarters in uh at ninth and market year a couple years ago and it’s basically like no one’s there because the pandemics shut down that area of the city and it’s full of homeless people and he said let’s shut down twitter hq and turn it into a homeless shelter he tweeted said because nobody’s going to work anyways because yeah because no one goes to work anyways boys don’t go anyways so he took it it was two jabs that he took and then also he said uh should we create an edit button button yes or no and he tweeted basically three or four things like that then on sunday or sorry uh last on sunday night he was supposed to join the board on monday he said i’m not joining the board and to a couple people or people who are a little bit in the know of this kind of granular stuff they said well the reason he’s not joining the board is when you join the board of a company like this you can’t own more than 14 and so by not joining the board he can now buy the whole thing and that happened on monday it’s thursday morning first they were playing patty cake with each other he’s like you know the news comes out then it’s like the ceo of twitter perrog is like hey um so happy to have elon musk on our board he’s the best um jack dorsey says so glad to have elon on our board elon says so glad to be on the board jack you know they’re all playing patty cake and then one day later or two days later something like that it becomes he’s actually not joining the board and he basically goes hostile and now at 6 00 am 7 am this morning it was announced that he was going to buy twitter uh right away when he bought nine percent of the company i think the stock jumped 10 the day he did it but uh its current valuation was like 43 billion and i think he offered to buy it at 53 building billion give or take i forget the exact amount but it was a nice premium not a huge premium but a nice premium and here we are now waiting for what’s gonna happen next and by the way i think jack dorsey i do actually think he was somewhat genuine i think the the ceo of twitter was not genuine that guy doesn’t even tweet like he’s not even a user like have you ever read his tweets like he just tweets like screenshots of pdfs he follows me that’s all i know and so he’s good in my books perrag you’re the man you have an excellent taste in who you follow well that’s he might be the man but he’s not like a power user of twitter like he’s like i think i know how to use twitter better than he does you know what i mean yeah for sure you do yeah okay so he tweeted on january 20th then february 16th then march 3rd uh you know before that november 30th so you know this guy’s tweeting bi-monthly yeah so like whereas elon actually gets it yeah so anyway that’s where we are now what’s your take so i think there’s a couple different things first i want to just say baller move i’ve baller i’ve been on the record of saying i think elon can be kind of cringy with stuff he says in public i think he’s an amazing inventor i think he’s he’s a amazing you know visionary and you know a force of nature for sure but i think he’s kind of cringy in the way he kind of uh for somebody who’s like you know trying to be kind of like an engineer’s engineer uh he sure does do a lot of stuff to like make himself seem cool and like try to be cool and it just comes across try hardy to me but this was not that not just the move i’m going to read you have you read the letter yes i have it up the letter is badass so badass he he created an offer dude that’s so funny that we both like grew gravity i was good that’s exactly what i was going to bring up was the writing it was the writing’s amazing i’m just going to read it word for word so he goes yeah uh so he this is part of his like sec filing he goes i invested in twitter as i believe it’s potential to be the platform for free speech around the globe and i believe free speech is a societal imperative for a functioning democracy however since making my investment i now realize the company will neither thrive nor serve this societal imperative in its current form twitter needs to be transformed as a private company as a result i’m willing to buy one hundred percent of twitter at 52 40 uh 54 20 per share in cash 54 premium over the day i began investing 38 uh over what i you know the day it was announced my offer is my best and final offer if it is not accepted i will not re i would need to reconsider my position as a shareholder twitter has extraordinary potential period i will unlock it so that was the start and then there’s one final thing he goes best and final and he just bullet points a this is this is the goal this is really cool this is where he to put his nuts on the table he goes i am not playing the back and forth game b i have moved straight to the end i am not playing the back and forth game and moved straight to the end it is a high price and your shareholders will love it that’s the best slide your shareholders will love it yeah if the deal does not work given i have i do do not have confidence in management parag sad parag face nor do i believe i can drive the necessary change in the public market i will need to reconsider my position as a shareholder which it is he says it’s not a threat it is entirely a it’s a threat yeah the biggest biggest threat i’ve ever it’s like saying this is not a threat it’s like saying like i’m not trying to be racist but or like it’s like dude what you’re about to say is gonna be racist right don’t take this the wrong way yeah you’re gonna be you’re about to be really freaking rude you’re about to get offended um he says this is not a threat it is simply a good not a good investment without changes that need to be made and those changes won’t happen without taking the company private but just the best line of all these is i have moved straight to the end that’s my new [ ] dude i have moved straight to the end that is my new [ ] sean’s new [ ] is i have moved straight to the end i’m just gonna be using that left and right negotiations uh tomorrow’s milk road is going to start with i have moved straight to the end uh you know when i talk to my wife tonight and she wants to you know cuddle and kit no i have moved straight to the end if i go if i go in line somewhere i’m going to stand at the end of the line i’m going to say i have moved straight to the end that is my new [ ] what a line it’s good man how about the fact that he’s so this was basically when he says send via text is that literally does he mean that this is an email that was sent in text format and then there’s voice format or is he saying this was a text message you think yeah i don’t know what that part was it’s like it’s like the file there’s like a screenshot of it and says like oh it’s almost like he’s like hey siri send this to the sec send this to jack in my address book it’s like which jack do you mean i don’t know what that part was it sounded like that part was i think he sent a message either to jack or brett taylor the the chairman or whatever and taylor the guy from salesforce who’s brett taylor yeah oh dude i think he’s the chairman of the board uh josh and so i think he sent it i think he sent it to hi i think it was to him and it was saying uh here’s my offer letter this will be public tomorrow so i think he you know was giving a heads up to whoever i do not think this is going to go through and why do you think that i think that i okay so uh there’s this app called blind it’s very inside baseball app like typically only uh the you basically have to have an email at a large prominent tech company to use it so i don’t even have i mean maybe hubspot has the ability to use it but um it’s like i used to use this all the time at twitch it’s awesome so like amazon apple just people twitter [ ] whining gossiping but you do it anonymously and they you have to be an employee at the company to be on there so you know these are not just randos and they’ll like it’s they basically will complain about stuff that they should be made fun of like i only make 450 000 a year how’s that how am i able to survive in sf or what is everyone making right now my salary is blank post your salary below whatever and i got some screenshots from the twitter blind and the people who use blind i do think are not the representative of the normal employees but they basically said that uh like 50 50 thought it was a good idea and 50 thought it was a bad idea um so but the reason i don’t think it’s going to go through is i do think that management and a large vocal subset of the twitter employees are going to throw a fit enough that it would make this hard to go through but it’s not the employees who get to decide i mean what do you mean well i said the management i think management could could could cause such i don’t know what they could do this is it’s a i think this is like i don’t know the exact mechanics of these takeovers so you know there’s people much smarter than me about this stuff but this is something that basically the the board has to decide and it’s like a share the shareholders if i’m a twitter shareholder this stock hasn’t like stocks have been basically a poor performer for like a decade i used to own this like 10 years ago and um you know the stock prices you know it has not been like this up into the right curve and you’re getting a whatever what is a premium versus today so today’s price is it’s now 45 he offered 54 so that’s what i like 20 something percent premium don’t do public math but um yeah but would you take that premium and and also what he’s i think one thing he said was he would try to retain as many private shareholders as possible meaning you wouldn’t have to sell to be in favor of the vote of of this going through you could like you know keep your shares or whatever i think that um i just think that there’s like some like i’ve read enough like finance books that there’s all these crazy things like the poison pill which frankly i don’t even understand a lot of this but there’s all these like weird like you know art of war type of things that you can do i think i don’t think it’s as easy as well i’m the top bidder i think there’s all these weird things but anyway the thing here’s the thing about twitter do you know what uh all right so twitter’s market cap as of today it’s 34 billion of course we’re like a nice pullback right now for tech so it’s probably 30 higher a year ago but whatever uh right now it’s um 34 billion you know what snapchat is uh 50. about 55. and here’s the thing about twitter is i believe they have way more users and it’s the center of culture right now maybe not the center but it is a center of culture at the moment and their ad platform is dog [ ] it’s the worst ad platform all the big dogs so if they could figure this out they should be worth way more the thing is i don’t think elon gives a [ ] about ads i think he’s gonna try and figure out a way how to make money other than ads but twitter’s ad platform is really bad so i do think that this company twitter is way undervalued and way under monetized and they they don’t ever innovate although lately they’ve done some cool stuff uh but it’s been like you know 10 years 10 years i think right yeah and by the way here’s here’s a couple of takes on the on the situation so um cuban mark cuban came out and he was like i think uh he goes i think elon is effing with the sec he goes his filing with the sec allows him to say he wants to take a company private for 54-20 which is like you know before he used to sec fined him like crazy because he said i’m considering taking tesla private for 420 funding secured and so he got to now do it the official way and just put a five in front of the 420. um he had bought the shares a couple months ago this is gonna this this news of him buying and now of the potential takeover that drives shares up let’s say they don’t accept his offer well then he’s he already said i’m gonna sell my shares if you don’t take my offer so he’s just gonna make a huge profit off of off of these shares right like he’s gonna make uh you know like i don’t know whatever like i think he bought the shares for three billion uh if if he sells it you know for for you know like whatever 23 game he might make up close to a billion dollars off of just effing with twitter and he gets all the fame remember we were talking about our friend who uh our friend alex who from morningbrew who’s gonna who’s talking about buying puppet golf courses and we were like this is the optimal spot you said the announcement you got all the praise you don’t have to actually do it yeah um get the picture with the check and uh and post it on ig don’t don’t actually give yourself all the headache and the work of actually running and owning that business uh so elon is at that’s perfect spot right now so that’s that’s one take on it um other takes uh so you know some people you know like crypto twitter basically so there’s this uh do you follow this account punk6529 no but i i think i know who he is i’m actually gonna click file now what is it punk what so punk 6529 so this guy’s one of the like best twitter accounts to follow he sort of like posts these kind of like thought leadery things about crypto yeah i know this guy he’s great he’s great he’s i think in a very short amount of time like a couple months he’s built you know he’s got 320 000 followers now because he’s just had like really good takes on things uh on things like this and he he said uh what did he say he goes he said something like you know um he’s he’s basically like you know twitter should be a protocol it’s a short messaging protocol and it doesn’t need to be owned by a single company nor does it he says if you’re excited about elon taking over twitter or upset about elon taking over twitter well both of these are the exact same problem our global short messaging internet protocol should be completely unaffected by who’s the ceo of some random company in california in that same spirit let’s talk about you know what what a future you know protocol like this could be and i think that’s one of the like that’s not like what’s going to happen here but i think i think it is like no one company owns email for example right but but which is a protocol for sending messages that are long form and but one company does own twitter protocol and because of that you know you can’t just choose like if this was a protocol you could say i want to use the client that has no algorithm i want to use the one that has a really tight algorithm and shows me nothing no no right-wing stuff you would be able to have way more choice as a consumer and way more companies would be able to innovate and build on top of twitter if it was a protocol not a single company so kind of his that doesn’t matter who’s in charge i don’t even think that’s logistically possible at this point though or is it uh not really for twitter it’s like almost like it’s easier for the next thing yeah right that’s what i mean jack dorsey has said he’s there’s a project called blue sky which is the idea of like turning twitter into a decentralized protocol but like who knows like how realistic that is and how much of that is just like you know lip service um so we’re working on it and like you know right check in in five years and see how it goes let’s talk about this angle here which is actually maybe the most interesting which is a best troll ever so like this guy’s like a child and it’s some of it’s not funny this one is very funny but b i actually think and i think paul graham said something like this this i’m not convinced that this would be good for twitter but i think definitely there’s a for sure possibility uh that it could be good for twitter but i think there’s a for sure certainty that this is horrible for elon musk consistently the guy makes decisions that are funny and cool and leave people like shocked that uh they did that but it’s kind of like eating an entire orange including the peel it’s really funny and hilarious that you actually did it and we’re gonna laugh about it forever but i’m shocked that i do a guy in college you ate an entire orange and an entire lemon one time in one sitting including the peel and i’m like that’s hilarious that you’ve done that i have a story but now forever but that’s gonna suck for you for a while and so that’s kind of like what this is like this is gonna be bad for elon for a long time this is not gonna make his life more fun this is gonna make his life uh significantly worse significantly harder so much more pressure this is not a smart move for his personal life well the the point he’s at right now is brilliant because what does this say about elon this says number one i’m super rich i could just buy twitter how about that uh somebody tweeted out they go elon said um i okay you know you don’t want me on your board okay i won’t have a board seat i’ll have all the board seats right so so so that’s one piece which is like if you in case you forgot i’m way richer than all of you um okay second thing is why are you doing this elon are you just you just want to own it have more power like think about when jeff bezos bought the washington post or whatever it’s uh what are these billionaires trying to do they’re trying to control us elon’s is like these tech companies are effing it up which that’s already the the way that a lot of people believe is that these tech companies have too much power or too much control they’re shaping the narrative they’re they’re not free speech so he came out as i’m doing this for free speech it’s like ah how are you gonna argue against free speech right like you know raise your hand if you’re against free speech and so he virtue signaled free speech on top of it uh he did it in like a bold and baller way where it’s like gonna give him like way more attention and fame and a bunch of reasons why people will talk about him and he’s going to make money from it you know just by like buying the shares beforehand then creating all this ruckus and then like you know being able to sell out if he says oh well i didn’t get it you know um so so i think and he can kind of be the underdog if like yeah you know they the powers that be wouldn’t let me do what i wanted to do i was gonna make this [ ] awesome but uh you know they they wouldn’t let me do it they tried to they tried to squash me dude how about the fact that we just did an episode where we recapped the milk road where uh you where peter thiel had this like outlandish headline where which it might be true no i don’t actually don’t think it’s i think he was joking a little bit where he said warren buffett’s a sociopath and he went to list about all the reasons why warren buffett who called him hold on he called him the sociopathic grandpa in omaha yes who but like warren buffett his stereotype and it’s probably actually not true is that he’s this nice old man who’s just oh shucks i just happened to do it whatever and peter thiel is this evil guy who causes like old grandpa a sociopath and then you’ve got elon who does the craziest [ ] on earth imagine these guys when they’re 25 30 years old and they had a little something but maybe not like that much what type of fun would it have been to be in the same room with these [ ] [ ] who are who are it’s like the perfect combination of like capable enough to pull it off crazy enough to think it’s funny and uh it’s just all this perfect combination i can’t imagine being around these guys when they were younger yeah exactly ben pull this tweet up so he’s at elon right now as we’re talking he’s at ted and uh you know who’s there uh is our boys our boys andrew jack so he’s at ted right now he was there to talk about whatever spacex tesla whatever dude but of course yeah of course you know uh it’s a it’s a 30 minute talk about twitter and so ben can you pull this link up in the in the screen share we should watch this this is elon musk talking about his plan b if the deal doesn’t go through for twitter so i i haven’t watched this video because it’s how this just got tweeted out just now so i want to hear i want to live react to whatever he says here seconds do you while ben’s finding that clip pull it up then but while ben’s finding that clip do you think so like i don’t buy like that nice stuff but like let’s say like i see a car that i like and it’s like 50 000 and i’m like yeah i’m just gonna buy it and i’ll figure out how to insure it and i’ll figure out where i’m gonna store it after i’m buying it like it’s kind of a big deal because it’s like a fifty thousand dollar thing but like it’s not gonna kill me do you think that elon is thinking about it like i would think about like a fifty thousand 000 car or is this like um like how well how thought out do you think this is well let’s let’s look at this so elon net worth right now is 265 billion dollars i think yeah but he can’t i don’t think that i don’t i don’t think that like that’s entire that is true in a sense of a net worth but he definitely has a lot of debt because he’s got to sell i mean it’s not like that liquid i would think so even if we don’t know all the details and we don’t know how we don’t know all of his personal financial situation but let’s just take the high level numbers for a second uh that’s i think it you know like whatever roughly 20 of his net worth that he would be putting into this so that’s a lot you’re worth 10 million dollars is you buying a two million dollar asset right the difference is is that you only have eight million if you’re worth 10 million left which is a lot but like you’re not gonna go and buy a bunch more two million dollar things with elon you still have 70 or 50 or billion yeah yeah you have whatever like 200 billion to fall back on at the end yeah or whatever it is we have this clip i want to see what he says i don’t know if this is going to be good because it just happened just now but ben let’s play this and i want to hear it but the truth matters to me a lot really like sort of pathologically it matters to me okay so so you don’t like to lose if in this case you are not successful in you know the board i i think we i think we would like to hear a little bit about plan b for it for another time i think another time yeah all right [Applause] i that that’s a nice tease all right so um that’s great nice [Laughter] well played well played in that in that case i don’t know the plan b could be right like launching his own um launching his own thing i think he’s probably i don’t think i don’t think that would that’s a good plan b twitter is is you know it’s really hard you know like how many people say they’re they’re gonna create a social media product and how many people try and how many have worked so a lot try everyone tries when they first start and there’s like three right right tik tok youtube facebook and instagram and you know what i mean there’s three yeah i i do think it would be very very hard this would be much better as to buy the existing asset but how’s trump’s things doing what’s it do you know what the i mean it’s like horrible right i downloaded it because i was like i gotta see what’s going on on this thing but uh i haven’t spent too much time on it it was like crashing like crazy like the first day so yeah so social i don’t think building is possible maybe that’s the plan b maybe he’s gonna be like hey everybody truth social that’s where we’re going right because then you get the trump stands and the elon stands together together that’s a lot of people who are devoted followers of those two the problem is they hate each other and also elon doesn’t care about making conservatives happy he cares about trolling so if you only have your own audience on there it wouldn’t be very fun right you know what i mean he he he doesn’t like getting people cheering he like he likes pissing people off or ruffling feathers and the thing about the truth i you know what i think that’s rooted in i think that’s rooted in his father lying to him and so elon’s dad so listen you went you went there daddy issues it all comes back to daddy issues everything i think not everything i think that most things in life are genetics and then the other half is things that happen to you from ages like zero to four and i that that’s really i mean someone’s called he’s young what was he lied to between maybe ten how would we even know maybe ten but i do think like things happen when you’re two and three like like it actually impacts you but let’s go up to ten um and i think that like he’s had a troubled relationship with his dad and his dad just wasn’t around and i have a feeling there’s a world where his dad was like i promise i’ll be at this game i promise i’ll do this or like you know like you know i’m working on this huge business deal it turns out he’s like unemployed and he or he doesn’t show up to the game i think that there’s like something like that that has happened that he’s like obsessive compulsive about the truth i actually do believe him when he says truth hmm what did his wait sorry what did his dad lie to him about i’m just made that up i don’t know but i know that his dad his dad his dad wasn’t around like his dad like was uh he left his mom and like he wasn’t very present in his life and i think he was kind of uh rude to his family and i’m just guessing like there’s a world where like he’s like a just one was kind of an [ ] and was kind of messing around uh and just not doing it for sure the things that you value come from your experiences like you know people who value authenticities because they’ve dealt with inauthenticity people who value you know family is typically because they’ve had either great experience as a family or uh terrible experiences with the family and they want to rectify it right so you definitely are shaped by that so if he’s telling us you know i’m sort of like what i don’t know what he said that like i’m maniacally or whatever he said like you know maniacal about the truth um i think he said i think he said he said obsessive i think i think he says like or he said something like to it’s point it’s almost a problem that he goes i care about the truth and like you know okay some percentage of that is just again virtue signaling but you know let’s take him at his word for it um you know let’s be clear what does he think is happening so you know like um what is untrue you know like it’s like free speech cool people gonna be able to say anything those not those are not necessarily going to be true right um it’s just this belief there’s a belief that you know the answer to bad speech is is more speech not censorship so you know i i get that um but i’m not sure really what his ideas are right like if you if you look at the list of ideas i forgot what um i saw this screenshot of elon’s uh elon’s twitter uh ideas let me see if i could find this real quick i don’t even i think that like i i’m not well versed in like the political scene of twitter and like i understand why people want free speech obviously i know the donald trump example and that’s just like an example everyone hangs on i don’t know tons of other examples one of them being this hunter biden story which i don’t even remember what the story was but i know the new york observer which is a conservative paper in new york they said hunter biden i think it involved prostitutes i think it involved drug addict being a drug addict things like that they published it twitter suspended them and turns out a year and a half or two years later it was true and new york times wrote a very similar story saying the same things happened they posted it and they weren’t banned and i think that there’s a handful of examples like that that people are pissed off about but i’m not sure if it’s like rampant other than i mean but one could argue it is rampant the most popular if the president can’t use yeah i think that’s probably like the strongest uh the strongest like you know example hold on uh okay so i’m just gonna read this out loud real quick uh because all right here let me uh yeah let me read this one here’s a list of of what elon has tweeted since um you know since he kind of announced that he what he was going to do and before he uh left the left the board he goes the first one tweet was vote to remove the w from twitter so just tinner and his poll options were yes and of course god that’s so stupid that’s that’s that’s kind of a cringe joke exactly proposal number two turn hq into a homeless shelter number three eliminate ad revenue number four just say that twitter is dying number five overhaul the blue checkmark policy number board with that he said he was gonna uh smoke weed at the next board meeting oh my god he posted a meme of him smoking weed at joe rogan uh at the next board meeting uh the next one an edit button next idea and they just put this in quotes free speech there was no idea of how or why or what you know like just free speech and the last one was open source twitter algorithm so like you know so the people who are like you know elon’s gonna save you know i was gonna save twitter it’s like well if you if you pay attention to the uh the ideas that he had they were not the most earth-shattering ideas between our tenor homeless shelter you know quote unquote free speech what you know what were these ideas our friend nikita who uh seems like he knows what he’s talking about with some consumer apps was like i you know maybe i like elon maybe i don’t running a car company and creating paypal and a solar business is a lot different than like the kind of art that it takes to create a consumer tech product like twitter and i totally agree with that you know like think about this like when someone’s like well we’re gonna create this thing that you could only rate 140 characters nine out of ten normal people would be like what f that let’s make it so i can write as much as i want or let’s just make it so anyone can edit it and do all this other stuff and they’re like no no we’re gonna do this weird thing it’s kind of like vine like you only have four seconds to make a video four seconds no one no one can do that it’s like no it’s actually and it creates a whole art out of it you know what i mean and so i think twitter will or elon could potentially be a little bit too rational and logical to create the magic of uh of twitter so i have the complete opposite take i think if the guy can land a rocket re-land a rocket on its butt in the middle of the ocean and he can make electric cars that are awesome pretty sure he could like you know figure out the social media thing now the problem is he’s still doing those other things like [ ] albert einstein ain’t going to create youtube you know what i mean like he’s not going to create it he doesn’t need to create it he’s just he’s a he’s a he’s a leader and he’s a first principal thinker you know like do who do i have more faith in perage or elon i have more faith in elon than i do for peridot well yeah but that guy ain’t running that guy’s running it he ain’t he’s a video he’s just making sure that his trains show up on time he’s not building the train well that’s the problem right like you know that’s why it’s plateaued that’s what user growth was like 300 million monthly active users like whatever five years ago now it’s like 340. it’s like it hasn’t grown uh much at all plus you know other problems of like hate scams and other stuff so my take is is that this is the ultimate example of social media ruining everything so like think about in your in my day like um i know for me how much time and productivity from like useful awesome activities i i could be doing i’m just checking twitter i’m on tick tock and whatever you know social media is this like distraction time suck it’s like damn this guy’s trying to make us multi-planetary and like self-driving cars and like get us off of fossil fuels and he’s getting distracted by social media he’s just doing it at the biggest scale like not just using social media he’s like i’m gonna buy it then i’m gonna have to fix it and it’s like dude no no just just do the thing where you help us like go to mars and have self-driving cars that are electric like those are the useful things solving social media is like just another distraction just done at elon scale if he dies in the next five years would you be surprised i would not be surprised i would not be surprised either do you think that would be the way that that would that’s does this story have to end that way like no i don’t think he’s gonna die that i don’t think he’s gonna die like you know low probability but i do think that um it would turn him into like the greatest cult hero ever well it’s kind of like uh you know everyone talks about tupac and i’ve got tupac in my background here i love tupac you know he died when he was 25 he was only 25 and people talk about this guy being like yeah a lot of people don’t know that he was 25 biggie was 24 okay and so people are like oh they’re the best rappers ever and i’m like well they didn’t really have that long of a career so like jay-z and m and eminem they’ve done it for like you know 20 years now so they definitely have and and and but the reason we say he’s the best ever is because he died young and it’s like all the potential so in some way i’m like that’s elon can do the same he should go out on top maybe and then we’ll remember him as being the best i mean would you want to die and be the tupac of newsletters or what no i wouldn’t want to no but i’m not elon you know there’s two things i know in this world like that you know there’s crazy guys in the world like elon and the second thing is i’m not one of them that’s that’s what i know is is there’s weirdos like him and i ain’t it we should end it on that just to reiterate your angle sam you’re of the opinion that elon has daddy issues and you hope he dies is that correct uh to the first point 100 his dad daddy issues yeah show me a successful person i’m gonna show you a [ ] up dad for sure without a doubt okay the second thing do i do i hope he dies 100 no do i think it will be an even better part of the story yes unless he has some like um what’s the guy’s name uh the rich guy who uh created the airplane that uh leo had a movie howard hughes unless he has some kind of weird howard hughes thing where it becomes even more uh or jd salinger where he just disappears and it becomes even more of this like mystery then yeah i’m on board with that but if he just gets old and he just begins like peeing himself and dies i’m like oh [ ] like you can’t he can’t go out that way yeah yeah that’s actually a better question which was what’s the right way for elon to go you know like heart attack nah just he was overworked and stressed nah that’s that’s for that’s for the common man well dying on mars like crashing exactly that’s a great way he’s got to be the guy who goes to mars dies in the process taking taking men farther than they’ve ever gone before that’s got to be the way he goes just drifts out of space or he just disappears and just like no one knows where he is and he’s just he’s he lives in a uh a trailer in rural and he has to go when he goes out he has to say he’s satoshi nakamoto also he has to just he’s the smartest move he could do right if i’m his pr team i’m like listen elon before you go we need to claim the satoshi thing that’s just the cherry on top of your legacy is if you were satoshi and there’s no way to disprove it if you’re going to go anyways so so that that’s the last little little thing he should do on his to-do list on the bucket list before he kicks it dude this is awesome all right that was not where i thought we would end it with him dying that’s a that’s a good impromptu episode i think ben what do you think loved it i loved it i um i think uh i think it’s a bad investment i but i think elon’s having fun if you had as much money as he had why would you not spend your time just having fun i think he’s having fun i don’t think he’s having fun i don’t think he’s having fun i think he’s doing it as an investment you think this is a strategy i think that he’s kind of playing the role of a court jester where he’s laughing on the outside and it appears to be fun and everyone’s laughing with him uh but also he’s crying on the inside i think i do i i do not think that his life is enjoyable in any sense of the word i don’t either but i think he’s getting enjoyment from this probably yeah like it’s like a i think it’s a but i think it’s our version of like when you tweet something funny or i tweet something funny i also like like giggity like i’m like i’m like quagmire family guy like giggity that’s hilarious but like it doesn’t it’s not like i’m happy like three days later from that and feel like content right right yeah you’re saying he doesn’t come across like a content happy person and hell no said in many interviews the to that extent you know things like you wouldn’t want to be me that’s not what uh you know a very happy content person says okay great or i will find death as a relief right so those are pretty you know as strong as it gets you don’t have to read between the lines there uh but to ben’s point i do think that he gets off on being you know the class clown the guy who gives the middle finger to the to the to the system right he’s he’s taking fu money and he’s saying fu so you know he’s he is enjoying i think the stunt aspect of it and i don’t think he’s doing it as an economic investment i think he’s he’s doing it as a combination of maybe 20 stunt publicity stunt and maybe 80 mission and maybe i’m wrong on those sliders maybe it’s more like 50 50 or you know 80 20 the other way i’m not sure i i think it’s 80 mission 20 stunt not an economic investment but i use the most economic as we say on the on this on my first million podcast uh yeah we’re big on being post-economic late stage capitalism that’s what we’re known for but i do think like you look at jeff bezos who bought washington post i don’t know he paid like a billion for washington post oh i think he paid 200 million dollars to 200 million okay 200 million nothing but at the same time he got nothing like washington post gives you a voice i guess but like you don’t even have full editorial control and like it could if you wanted to but he could if he wanted to i think what he got is a little different i think at the time that was seen as like cool power move like we all know about that so it did work in that sense the second thing he got was something many rich guys have just vanity you know collectibles items ah yeah i own this i own the you know this farm i own this basketball team i own i own these things you’ve heard of um that there is a sort of rich guy toy toy chest thing i agree it’s like owning a sports team it’s like a journalism sports team but i think like from the functionality standpoint of like actually being able to have a voice buying twitter is sort of the same thing but he’s getting the only voice that matters like he’s getting the only thing that can actually drive and change public opinion if he wanted to to pull that move how much is like cnn hmm good question what’s the parent company [Music] well i think they just merged did they maybe between five and 10 billion i would guess yeah look up look up a lot of bags for your buck but news corp which is the one so basically rupert murdoch started fox which is uh he started this one company that recently uh had to separate because it was a monopoly on news and those two companies became news corp which basically owns fox news and fox news affiliates and then 21st century fox which is like the movies and tv shows and collectively that value is like i think a hundred no no uh or 50 13 billion uh both of them combined no maybe i don’t have the second one what’s the news corp news class a is 13 billion that’s the least valuable or the less lesser of the two what’s the more valuable one fox 21st century i think that’s what it’s called i don’t know dude i think this is the one uh fox corporation fox okay i don’t know if this is the right fox but fox corporation 30 billion yeah that’s it that’s it so fit uh 43 total yeah yeah this is the right one and they’re way more popular than cnn so uh yeah cnn can’t be that expensive but who the [ ] wants to own cnn these dudes who want to own washington post and twitter right why not dude you know how many people watch cnn uh at any given point like they’re real-time viewers it’s like sometimes as low as tens of thousands of people like it’s not it’s it’s not a significant amount of people that are watching at any given point there’s chicks on twitch doing asmr that have more viewership than cnn like in the middle of the afternoon yeah that’s what i’m saying like cnn like not really but it’s hilarious that i said that i mean there’s like cool [ ] like anderson cooper is pretty cool but like it’s just like [ ] dentist like you listen to it when you’re at the dentist like it’s not like particularly when you’re trapped in a chair being tortured yeah it’s like shooting situations and like going to the dentist or like the only times that i’ve got like cnn on or when you go to like do you ever go to the do you ever get coffee in the morning in fox or at a mcdonald’s they always have like fox playing in the background that’s like the only time i like see the news that’s hilarious did you see the cnn plus like fail it failed yeah dude what do you expect like you can’t just like put a plus and then a paywall on like the [ __ ] that no one cares about and hopefully they automatically do courts shut down their paywall today too it was the same thing it’s like you can’t just call quartz pro and expect to get more money because the main course already sucks you know what i mean like you’re just putting a bow on like pay for it though yeah like you can’t put a bow on a pile of poo and it automatically isn’t a pile of poo but that’s basically what a lot of these companies do and it’s not the right move yeah the plus thing is just like a dead giveaway it’s like that’s a tell a plus or pro um all right that was good you