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Welcome, silicon salad. 
I have been following what's 

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happening, but the thing is, is 
the eye to eye left Twitter for 

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lunch. 
So at span. 

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So following what's happening 
with Twitter? 

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But not big on Twitter is sort 
of fascinating because unlike, 

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oh, gosh, I had forgotten that 
anybody use has this service, 

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right? 
We can treat it like a business 

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and not like some sort of like 
cradle of democracy, right? 

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Because the, the funny thing is,
if you are not on Twitter at 

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all, you still get news up 
almost as fast or as fast as you

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would get it by being on Twitter
all day. 

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And you don't actually 
experienced a lot of bad things.

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So your view of people is so 
much more positive, that's an 

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interesting. 
But are you seeing the Tweets in

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news stories? 
Or you feel You're still getting

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the distillation of know but at 
the tweets are say about 

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Ukraine. 
I feel like I get all the 

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actually useful information, 
right? 

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Get on Twitter by reading like a
very good news story in the Wall

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Street Journal or the times huh?
I don't think I'm missing out on

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November time, people competing 
over, who has been an Eastern 

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European expert for the least 
long giving the least informed 

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opinion about what to do about a
no-fly. 

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So we're here with dead cat. 
By the way, I'm happy to start. 

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The episode, you're just saying,
she's not even on Twitter at the

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moment because I was constructed
in, it's sort of related but 

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opposite direction. 
Yeah, it's sort of a hang out 

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and talk about Elon episode is 
Eric and Tom and Katie are 

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you're just listening to Katy. 
Tell us she's given up Twitter 

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for Lent, right? 
I've been doing the opposite and

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have been obsessively, tweeting 
Non-Stop and the big and 

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straight gluttony that I have in
sort of I don't know, Mythos of 

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the Go Marc Andreessen unblocked
me on Twitter idea like within 

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the last day or two. 
So uh the inspiration for the 

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name of the show is as freed me 
from my long-held band. 

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What do you think? 
Did it for him? 

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Can we get this been? 
He's flirting with the idea of 

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like I think for Easter sort of 
forgiving is blocklist, you know

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all at once but right now the 
last I saw from him was that he 

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was just he'd pulled his 
followers and And most of them 

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like 60/40 said, no forgiveness,
but I don't know, my came out 

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before that, or if he did, I 
have no idea. 

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But I just wonder. 
Do you think he is observing? 

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Do you think he observes like 
something? 

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Akin to lent? 
Some sort of, like, practice 

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rounds are like, wanting to take
40 days to clear the decks to 

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get deeper. 
I just, I just Shit on him like 

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yesterday. 
So I was like easy for him. 

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Every I know, right? 
I literally that's the test. 

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That's the test that Christ puts
upon his, his greatest disciples

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is to deal with. 
Yeah. 

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I mean, he'll I mean, I'd said, 
you know, to me it feels like 

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moderate Democrat position is, 
you know, actually, these things

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are very complicated, you know, 
moderation is complicated, and 

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the Elan P Marcus Saks view is, 
it's not complicated, and then I

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retweeted it. 
I said to put a finer point on 

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this and And recent sits on 
Facebook's board, he knows on 

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some level. 
That moderation is extremely 

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complicated to just boil it down
to good versus bad. 

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Framed feel so, insincere to 
what end? 

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So we can have more fun on 
Twitter than if you decided to 

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be serious. 
So, I guess that actually does 

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go straight to the question of 
what is Twitter for. 

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So if it's really just for fun 
and fun can be, there's 

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benevolent and malevolent fun. 
There's all sorts of fun than 

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having it be this sort of 
free-for-all. 

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Of cancellation and toxicity, 
but also like, interesting 

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restaurant recommendation. 
I mean, I can see why that would

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kind of be fine if that's what 
your view of what Twitter's for,

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but for people who might want it
used a something else, or the 

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sort of weird ideal of a towns 
Town Square. 

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It never made sense to me. 
That would, that would be 

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problematic. 
I think that's a great frame 

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because I do think part of the 
conflict on Twitter is like, 

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yeah. 
I want to have this Earnest like

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we're going to Solve. 
You know, we're going to figure 

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this thing out and sort of this 
public discussion but I do think

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there's a lot of like real 
politics or views of Twitter 

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where it's like actually you get
much more engagement if you're 

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funny and people enjoy it and 
you construct things and as an 

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us-versus-them posture. 
So if you're really smart 

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instead of Being Earnest, you 
operate on some sort of, you 

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know, you play a game, you're 
fun. 

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You make me. 
So, don't we all just sort of 

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like vacillate between the 
different experiences of 

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Twitter. 
Different times, right? 

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I mean, like, no one uses it 
just for one reason and can 

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exclude it to the others. 
Like sometimes you're there 

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because you feel like it's a 
good news source, sometimes you 

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want to hate people and see what
they say in like a medium that 

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makes it very easy to hate them 
and sometimes you just want to 

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express your own opinions. 
So it's funny that like, you 

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know, even he can't really 
decide as to what the experience

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is and like, what the actual 
mode which is why I mean if 

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we're going to we're going to 
get to Elon as yeah. 

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You want to set that up. 
I feel like we really came in 

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orthogonally. 
You've been on Twitter. 

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Eric then you know we can get 
slightly matter, rock me. 

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But I can't I can't look and see
if you unblock me for another 

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two days. 
Okay that's fine. 

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I can wait. 
I just going to you're doing 

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something for Lent when we were 
all just talking about the 

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Passover things that we were 
going to. 

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I don't feel like doing well and
I'm I love The male's. 

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So lets you know, let our 
audience in as we frequently do 

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on the show a little behind the 
scenes. 

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We do not record the show live 
and post it. 

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We do it a couple days before it
comes out. 

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So this is being recorded on 
Passover, Saturday. 

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I think it's April 16th and in 
the last two weeks there has 

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been quite a flurry of stories 
about power user Elon Musk who 

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has decided to launch a what now
is undeniably a A hostile bid to

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acquire Twitter, using money 
that he, I don't know, maybe 

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we'll find it, is Easter egg 
hunt tomorrow. 

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It's not really clear where that
cash is coming from. 

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And so that has then, of course,
launched a counter measure by 

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Twitter's board to Institute, a 
poison pill. 

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I don't know what the verb would
be, like the over adjective. 

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Like a poison pill, poison pill 
strategy, a poison pill every 

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strategy. 
Yeah, yeah. 

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To basically dilute their own 
Shares in order to stop you 

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lying for buying more shares on 
the public markets and now we've

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got, you know, the banks are 
involved. 

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I read the other day that like, 
Twitter has taken on Goldman as 

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one of their Goldman and JP 
Morgan's advisor. 

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Oh, okay. 
Yeah, sure. 

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You all know working with 
Morgan, Stanley was in the mix, 

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and then we've got reporting. 
Now, that elon's trying to talk 

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to Silverlake, who's worked with
him in the past to see if they 

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would come on on isn't silver. 
Like still a Huge investor in 

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Twitter. 
I think that would be a complex 

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word. 
There are they still own like a 

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huge amount of stock. 
You think you own didn't know 

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that? 
Yeah, well thought through. 

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All right, did you guys did you 
watch the Ted interview? 

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I think that's not one of us 
started. 

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Now, I helped him because you 
know this is what so that I 

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could tweet more. 
I mean you on you know clearly 

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doesn't have the money secured 
he does. 

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In really have he wasn't like 
I'm certainly going to be able 

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to do this. 
It was like, oh yeah I don't 

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know is more Middle Lane, he 
acknowledged in the interview 

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the possibility of a plan B, you
know which sounded like AKA 

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launch another product or 
something. 

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You know. 
Which oh, that'll that'll have 

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talked about. 
Yeah, Plan B is I mean, I can 

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barely keep people on the 
platform donut. 

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Yeah. 
You know, launched a competitor 

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to Twitter or something? 
No. 

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But It's what I mean, right? 
Yeah. 

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The desire for a Twitter product
is so not there. 

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That even a product like Twitter
is having a hard time keeping 

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people but anyways, right? 
Parlor, true social not beacons 

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of successful social media 
companies at the moment and I 

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think like to me the central 
point and we've already sort of 

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touched on this as just where's 
the money coming from? 

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Like if you're if you're buying 
a company, you need to have the 

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money and the pitch he gave was 
not like oh we're really going 

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to turn Twitter around and it's 
going to A great business. 

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It's like no censorship open up 
the algorithm his sort of minor 

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product changes. 
You know, he doesn't even love 

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advertising its core business. 
So I don't know how if you're a 

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financially money to investor 
you decide to come alongside 

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him. 
All right. 

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Well also I mean test that 
promise open it up at a million,

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great tweets Blossom. 
I think that the problem with 

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that, as a as a board member is 
just the amount of litigation. 

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I mean like what, what kind of 
money are you? 

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You setting aside for the 
lawsuits and for you know the 

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extraordinary bad press. 
I thought the law states of 

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having no moderation at all. 
Yeah, exactly. 

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Like the weird harms that come 
out of it. 

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You know the active shooter 
situation say on a crowded 

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Subway where somebody has been 
using Twitter's? 

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Well you know it's just like you
just start thinking to yourself 

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like maybe there was a reason 
why these companies put in 

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place, moderation and change 
their algorithms that weren't 

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simply in order. 
Serve the common good but had 

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some benefit probably Financial 
or legal to the company. 

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I saw there were a lot of people
tweeting about that Elon had not

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fully thought through any aspect
of this. 

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See, this is why I'm not missing
anything by not being on Twitter

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continue, right? 
It's all playing I mean 

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basically he's live tweeting his
way into an acquisition, but 

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that's as much as he thought it 
out, but the idea that it could 

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be a free-for-all, of course, 
like, you know, Twitter is 

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barely hanging on as it is, in 
terms of it being like a 

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reasonable place, to spend your 
time, like it's instant hit. 

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A shitshow of false news and, 
you know, borderline well, there

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actually is just straight-up 
horn on there, but you know what

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I mean? 
Like, graphic content. 

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Yeah, I'm people just screaming 
at one another right, right. 

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And so, for you to pull all of 
that back, God knows like, what 

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hell it would look like. 
I'd like the pure undiluted 

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Twitter and I don't think he 
really does either, right? 

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And I'm sure if you were to 
spend five minutes on it that 

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you know, that version of 
Twitter, even, he would probably

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say like, yeah, this is, this is
not good. 

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This can't be like the Free 
Speech. 

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I'd like what his voice was 
shouted down. 

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Well, yeah, that's when it 
really becomes a problem. 

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Well, so I feel like they're 
just structure of this a little 

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bit like there are two sort of 
buckets, right? 

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There's a sort of financial 
tactics of Elon taking over 

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Twitter and then there's like 
elon's vision for the reforms, 

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right? 
I mean, yeah. 

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I mean, like I think the more 
I'm curious about what you guys 

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think of is, what does like? 
Let's put aside, how will he get

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the money? 
Will he get? 

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Because he could could drum up 
the money in 24 hours. 

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Right? 
And this will all be. 

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Absolutely. 
He does have the money. 

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I mean he'd it's not liquid. 
But yeah, great. 

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So it's like I think I would 
love to know what you got. 

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What does Twitter look like 
after Ilan takes it over? 

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Like, what does that world look 
like Mass resignation of 

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employees? 
That was the first thing. 

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Absolutely, it's likely. 
There's no way it could be a 

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public stock at that point, 
because its value would be just 

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torpedoed by appellant about, 
you know, outflow of talent of 

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people not wanting to work at 
that. 

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Come. 
Now, I'm not saying they're not 

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replaceable, but it would be an 
immediate At walk out, I would 

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guess what? 
50 60 percent. 

225
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Well I guess it'd make up the 
star. 

226
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They employ Last by merging with
true, social great. 

227
00:12:07,800 --> 00:12:11,300
Well, write all this was 
happening on Twitter key through

228
00:12:11,300 --> 00:12:15,400
a boy, who knows, sort of Elon 
World tweeted that. 

229
00:12:15,400 --> 00:12:20,000
You know, I'd SpaceX Elon had 
seen line of interns were 

230
00:12:20,100 --> 00:12:23,200
waiting for coffee and Ilan. 
Told them if they didn't get to 

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00:12:23,200 --> 00:12:26,500
work, he would fire them all. 
And, you know, Keith was holding

232
00:12:26,500 --> 00:12:28,300
this up. 
It's sort of like a beacon of 

233
00:12:28,300 --> 00:12:31,200
what he Lon. 
Could bring Twitter, you know, 

234
00:12:31,200 --> 00:12:34,600
no more interns getting 
caffeinated. 

235
00:12:34,800 --> 00:12:38,300
And again, that's probably true,
right? 

236
00:12:39,200 --> 00:12:41,300
First things. 
First elon's, let you fire. 

237
00:12:41,300 --> 00:12:43,500
The interns for waiting for 
housing, we touched on during 

238
00:12:43,500 --> 00:12:46,900
the TV show episode. 
Just like, you know, no 

239
00:12:46,900 --> 00:12:49,500
reporters are cheering for hard 
work. 

240
00:12:49,500 --> 00:12:52,200
And keep those definitely 
getting tons of scolds on 

241
00:12:52,200 --> 00:12:54,400
Twitter or like this, who this 
is terrible. 

242
00:12:54,400 --> 00:12:56,500
You're like, telling on 
yourself, basically. 

243
00:12:56,800 --> 00:13:00,800
But yeah, I mean there is, you 
know, Lines going to crack down 

244
00:13:00,800 --> 00:13:03,300
on people. 
If you takes over and I don't 

245
00:13:03,300 --> 00:13:07,100
think you have a rocket ship 
company level mission to 

246
00:13:07,100 --> 00:13:11,600
convince people that this is 
worth worth your time and your 

247
00:13:11,600 --> 00:13:14,600
skills are probably much more 
transferable if you're working 

248
00:13:14,600 --> 00:13:17,400
at Twitter to other tech 
companies. 

249
00:13:17,500 --> 00:13:20,900
And yeah, a lot of these people 
do believe in moderation and 

250
00:13:20,900 --> 00:13:24,600
don't want to be responsible for
just like amplifying Donald 

251
00:13:24,600 --> 00:13:26,600
Trump again or whatever it would
be. 

252
00:13:26,800 --> 00:13:28,800
Okay. 
So in addition to employees 

253
00:13:28,800 --> 00:13:32,000
fleeing, Shareholders. 
If they take the company private

254
00:13:32,100 --> 00:13:37,000
there they will, the stock will 
plummet and value ahead of that.

255
00:13:37,000 --> 00:13:39,400
Don't you think it would be 
probably the time said before 

256
00:13:39,400 --> 00:13:41,200
that? 
Does, he can't take it private 

257
00:13:41,200 --> 00:13:44,100
overnight. 
So once it's clear that he's 

258
00:13:44,100 --> 00:13:47,400
going to do it, I mean, how many
but is it Vanguard? 

259
00:13:47,400 --> 00:13:49,200
And what would they just dump 
it, right? 

260
00:13:49,200 --> 00:13:53,600
But, or do they not or they 
blushing because they have to 

261
00:13:54,100 --> 00:13:56,200
their, they have to have to be 
locked in. 

262
00:13:56,200 --> 00:13:58,300
I think it's just a tender offer
for their shares, right? 

263
00:13:58,300 --> 00:14:01,100
Yeah, if he's seriously. 
To do it, shouldn't the price. 

264
00:14:01,100 --> 00:14:03,300
Just rise. 
The price would rise to whatever

265
00:14:03,300 --> 00:14:04,900
he's promised. 
No you're right, you're right 

266
00:14:04,900 --> 00:14:06,700
the president? 
Well yes, you'd lock in the 

267
00:14:06,708 --> 00:14:11,100
price and then it would if this 
the you're right Vanguard would 

268
00:14:11,100 --> 00:14:13,900
have to say yes because to be 
responsible to their 

269
00:14:13,900 --> 00:14:17,800
shareholders, they don't have to
be like we are taking this $52 

270
00:14:17,800 --> 00:14:23,100
or share or whatever 5420 5420 
and so even if the stock, even 

271
00:14:23,100 --> 00:14:26,500
if people started fleeing the 
stock today, it only makes his 

272
00:14:26,500 --> 00:14:28,600
offer look mr. 
The end of the day. 

273
00:14:28,600 --> 00:14:30,700
Ironically, so, Ones like 
basically. 

274
00:14:31,500 --> 00:14:33,900
Well, that's the haircut Elon 
Musk right now. 

275
00:14:34,000 --> 00:14:36,500
They cannot get away from Elon 
Musk, even just to think of it 

276
00:14:36,500 --> 00:14:39,400
as an investment for Ilan or 
whatever it would be. 

277
00:14:39,600 --> 00:14:41,600
Seems like a bad move. 
Like, there's no way that the 

278
00:14:41,600 --> 00:14:44,700
value of this thing is going to 
increase while under Ilan 

279
00:14:44,700 --> 00:14:46,900
stewardship at least in the 
short term, right? 

280
00:14:46,900 --> 00:14:49,500
I mean he's like doesn't seem 
particularly interested in the 

281
00:14:49,500 --> 00:14:53,000
ad business which is probably 
the only good business aspect of

282
00:14:53,000 --> 00:14:54,100
Twitter, right? 
So one thing that's really 

283
00:14:54,100 --> 00:14:57,200
functioned over the last couple 
of years is like they can sell 

284
00:14:57,200 --> 00:15:00,400
ads and so if that's going to go
away which Probably would be 

285
00:15:00,400 --> 00:15:03,000
damaged by it, being a toxic 
company or at least a 

286
00:15:03,008 --> 00:15:05,600
controversial company. 
So advertisers would not want to

287
00:15:06,000 --> 00:15:07,600
spend a huge amount of their 
money there. 

288
00:15:07,900 --> 00:15:10,700
You know, it would probably be 
like a ten year project to 

289
00:15:10,700 --> 00:15:12,400
remake waiter. 
Who's he actually going to 

290
00:15:12,400 --> 00:15:15,300
appoint as CEO? 
Is he going to do it? 

291
00:15:15,400 --> 00:15:18,300
I mean Tesla's stock would 
obviously tank how many 

292
00:15:18,300 --> 00:15:21,200
companies can this guy, right? 
And how? 

293
00:15:21,200 --> 00:15:24,100
Yeah to Tom's Point, how would 
it make money if he destroys the

294
00:15:24,100 --> 00:15:27,100
advertising business by driving 
advertisers off of it? 

295
00:15:27,100 --> 00:15:29,000
He was talking about 
subscription being a more 

296
00:15:29,000 --> 00:15:31,600
robust. 
Well for them and I would love 

297
00:15:31,600 --> 00:15:33,700
it if that were the model 
because then I would certainly 

298
00:15:33,700 --> 00:15:36,500
just delete my account, right? 
Great, there'd be no reason to 

299
00:15:36,500 --> 00:15:38,000
be on anymore. 
I thought you tweeted this or 

300
00:15:38,000 --> 00:15:42,200
something, you know, everybody 
can be verified, if they pay 

301
00:15:42,200 --> 00:15:49,200
something that's that money. 
Well, is it though? 

302
00:15:49,200 --> 00:15:53,800
Because I think that especially 
if it's a subscription-based 

303
00:15:53,800 --> 00:15:57,600
model, the idea of being on it 
to to take the temperature of a 

304
00:15:57,600 --> 00:16:00,100
certain type of person. 
It goes, Way? 

305
00:16:00,200 --> 00:16:01,600
Because it's good. 
Heart got to pay money. 

306
00:16:02,300 --> 00:16:03,800
I mean, why would you need to be
on it? 

307
00:16:04,000 --> 00:16:06,700
But you could charge People 
based on the Emoji that they 

308
00:16:06,700 --> 00:16:10,000
want to have in their name to 
provide their experts, you know.

309
00:16:10,000 --> 00:16:12,600
So it's like when covid wig as 
well. 

310
00:16:12,600 --> 00:16:15,300
That was just putting MD or PhD 
in your in your Twitter handle. 

311
00:16:15,300 --> 00:16:18,100
So that lets say that's a 
freebie and even then a crane. 

312
00:16:18,100 --> 00:16:21,200
So if it's something you can buy
though, then there's no 

313
00:16:21,200 --> 00:16:24,400
verification for expertise, so 
even the symbol has no meaning, 

314
00:16:24,600 --> 00:16:26,200
right? 
Yeah, it's just a skin. 

315
00:16:26,200 --> 00:16:28,300
But yeah. 
So if you want to have the 

316
00:16:28,300 --> 00:16:31,400
Ukrainian flag in your Handle. 
That'll cost you like a monthly 

317
00:16:31,400 --> 00:16:34,500
subscription cost, you know, 
whatever the next thing is well 

318
00:16:34,500 --> 00:16:36,600
your Twitter. 
So if you want to put like the 

319
00:16:36,600 --> 00:16:40,300
the red bird in your handle that
also costs money and then you 

320
00:16:40,300 --> 00:16:43,300
know that again if you're 
monetizing your core user base, 

321
00:16:43,300 --> 00:16:46,400
you're sort of going through 
like the Discord model. 

322
00:16:46,800 --> 00:16:50,800
I think that's an option and 
that the only issue though is 

323
00:16:50,800 --> 00:16:54,700
that Twitter is not particularly
like sticky platform, most 

324
00:16:54,700 --> 00:16:59,300
people love fighting and so 
you're saying in your business 

325
00:16:59,600 --> 00:17:05,200
Saying we're going to make our 
core Revenue stream, people who 

326
00:17:05,200 --> 00:17:10,099
love fighting so much that they 
will buy emojis, okay? 

327
00:17:10,099 --> 00:17:12,800
Just making sure the then you if
you want to watch it, you also 

328
00:17:12,800 --> 00:17:14,599
have to pay. 
It's like a pay-per-view thing. 

329
00:17:14,599 --> 00:17:17,500
I feel like on the highest level
the contradiction of Twitter is 

330
00:17:17,500 --> 00:17:20,900
that it's super powerful with 
Elites who love it and use it 

331
00:17:20,900 --> 00:17:25,000
obsessively and that's sort of 
its World shaping power, but a 

332
00:17:25,008 --> 00:17:29,500
lot of the things those people 
want Would be terrible for like 

333
00:17:29,500 --> 00:17:33,200
getting a broad user base. 
That makes it appealing to 

334
00:17:33,200 --> 00:17:36,900
everyone and it feels like a lot
of what Elon wants are like 

335
00:17:36,900 --> 00:17:42,700
improvements that the hardcore 
sort of Twitter set uses my 

336
00:17:42,700 --> 00:17:45,700
question you guys are you not 
kind of rooting for Ilan a 

337
00:17:45,700 --> 00:17:49,100
little bit in this process and I
feel like if you're not ready 

338
00:17:49,100 --> 00:17:53,600
for him, you're kind of a chump.
I'm rooting for him in that it 

339
00:17:53,600 --> 00:17:57,500
feels like I just want to sort 
of simplistic view of content. 

340
00:17:57,600 --> 00:18:00,200
Duration to come crumbling down.
I just do think would be more 

341
00:18:00,200 --> 00:18:02,300
fun. 
Elon is responsible for this 

342
00:18:02,600 --> 00:18:05,800
Twitter problem. 
Let it be on sort of the right 

343
00:18:05,800 --> 00:18:10,300
to show that they can actually 
run some like cultural project 

344
00:18:10,300 --> 00:18:12,500
successfully. 
And then we can have a little 

345
00:18:12,500 --> 00:18:16,300
liberal parlors our own version 
of like silly like ancillary 

346
00:18:16,300 --> 00:18:20,500
social networks where but like, 
but I feel like David Sachs was 

347
00:18:20,500 --> 00:18:23,900
literally, like, if the game is 
fair, Elon, Elon will buy 

348
00:18:23,900 --> 00:18:26,800
Twitter if the game is rigged. 
There will be some reason why he

349
00:18:26,800 --> 00:18:29,100
won't be able to. 
You were about to find out how 

350
00:18:29,100 --> 00:18:31,900
deep the corruption goes like 
this coming from like, the free 

351
00:18:31,900 --> 00:18:35,000
marketer people are supposed 
crying and people have all sorts

352
00:18:35,000 --> 00:18:37,700
of founder protections for 
their, you know, CEOs to make 

353
00:18:37,700 --> 00:18:40,300
sure that other companies don't 
come in, just take them over, 

354
00:18:40,300 --> 00:18:43,700
like, it's just on its face, 
just like so stupid. 

355
00:18:44,700 --> 00:18:47,300
It does not leave. 
Open the option that if Elon 

356
00:18:47,300 --> 00:18:49,300
doesn't buy it, it's just 
because he woke up one morning 

357
00:18:49,300 --> 00:18:51,600
was like, fuck. 
I don't want to write an hour 

358
00:18:51,600 --> 00:18:56,400
ago reply to this tweet, indeed,
you know, but it's like, idiots,

359
00:18:56,400 --> 00:18:58,300
you know? 
It's like There's a very high 

360
00:18:58,300 --> 00:19:00,800
chance definitely my 
presumption. 

361
00:19:00,800 --> 00:19:02,400
First of all, I need to get on 
the record. 

362
00:19:02,400 --> 00:19:05,100
Is that this is Elon doesn't 
intend to do this. 

363
00:19:05,100 --> 00:19:07,100
This is a man who's threatened a
private. 

364
00:19:07,100 --> 00:19:09,100
I take private before the Never 
Happened. 

365
00:19:09,100 --> 00:19:12,700
Someone that was the best when 
he said he was Tesla. 

366
00:19:13,000 --> 00:19:14,500
Tesla was like I have your 
violence. 

367
00:19:15,800 --> 00:19:19,600
I don't remember so. 
So Tesla and then he literally 

368
00:19:19,600 --> 00:19:20,900
in his Ted Talk all over the 
place. 

369
00:19:20,900 --> 00:19:24,300
He's like I have no respect for 
the SEC so it's a man who is 

370
00:19:24,300 --> 00:19:27,400
happy to try and push the limit 
of sec. 

371
00:19:27,900 --> 00:19:30,200
Rules to drive them in fucking 
crazy. 

372
00:19:30,200 --> 00:19:34,300
So this is a fun game there. 
He could have a successful 

373
00:19:34,300 --> 00:19:37,900
pump-and-dump like he's raising 
the Twitter share price. 

374
00:19:37,900 --> 00:19:39,200
I mean there are so many 
reasons. 

375
00:19:39,200 --> 00:19:42,200
It's like a fun thing. 
The guy wants PR, if he intends 

376
00:19:42,200 --> 00:19:45,800
to launch another social 
network, this is great PR for 

377
00:19:45,800 --> 00:19:47,500
that. 
And if he gets to walk away and 

378
00:19:47,500 --> 00:19:50,600
say, the game's rigged because 
people don't understand that, 

379
00:19:50,600 --> 00:19:53,800
you can offer a premium to a 
company's share price, and that 

380
00:19:53,800 --> 00:19:56,600
doesn't mean that the board 
concludes this, the best 

381
00:19:56,600 --> 00:19:58,200
financial value, That's 
standard. 

382
00:19:58,200 --> 00:20:01,000
Ma, you know, like it's hard 
though because I don't think 

383
00:20:01,000 --> 00:20:03,700
there's another rival. 
Usually boards can get, they can

384
00:20:03,700 --> 00:20:07,700
wiggle out of formula by saying 
well when we went with the other

385
00:20:07,700 --> 00:20:11,900
great buyer, we usually the 
price is the 52-week, high or 

386
00:20:11,900 --> 00:20:13,200
something. 
I'm yeah. 

387
00:20:13,300 --> 00:20:16,700
And this is not like on this 
sort of traditional MMA 

388
00:20:16,700 --> 00:20:19,500
analysis. 
I don't think that this is like 

389
00:20:19,500 --> 00:20:21,500
a clear-cut like that's a good 
price. 

390
00:20:21,500 --> 00:20:24,900
It's above the price. 
Yeah but snotty two-week high as

391
00:20:24,900 --> 00:20:28,400
referencing a kind of a logical 
point in the Gets were all tech 

392
00:20:28,400 --> 00:20:30,600
stocks were surging. 
And, like, all of them were at 

393
00:20:30,600 --> 00:20:32,800
these absurd levels given their 
business growth. 

394
00:20:32,800 --> 00:20:36,000
I mean, he should probably make 
a strong argument saying that 

395
00:20:36,000 --> 00:20:38,500
Twitter will never see that high
again, right. 

396
00:20:38,500 --> 00:20:42,300
I think it's totally illogical. 
Well Aaron levie at box whose 

397
00:20:42,300 --> 00:20:44,900
prolific on Twitter? 
Said, come on man. 

398
00:20:45,000 --> 00:20:47,900
Most people could put together a
business strategy that supports 

399
00:20:47,900 --> 00:20:50,800
more than fifty four dollars a 
share for Twitter and David 

400
00:20:50,800 --> 00:20:54,300
Sachs said if it's so obvious. 
Why didn't anyone make a bit 

401
00:20:54,300 --> 00:20:56,700
before? 
I mean I think I agree with sex 

402
00:20:56,700 --> 00:21:00,200
on that but us So to pause, 
Eric, I would love it. 

403
00:21:00,300 --> 00:21:04,800
If you obsessively read, 
Twitter, and then compiled all 

404
00:21:04,800 --> 00:21:08,000
of the very best Tweets as 
you've done for us now and sent 

405
00:21:08,000 --> 00:21:09,700
Tom. 
And I are small dossier at the 

406
00:21:09,700 --> 00:21:13,400
end of each day to let us know. 
I know, I know. 

407
00:21:13,700 --> 00:21:15,900
Yeah, some of the newsletters do
aggregate tweets. 

408
00:21:15,900 --> 00:21:19,700
Maybe I should my problem in 
Life, or in the game of content 

409
00:21:19,700 --> 00:21:22,800
creation is that once I've 
consumed something, I assume 

410
00:21:22,800 --> 00:21:25,000
everyone has seen it. 
And I'm like, that's obvious. 

411
00:21:25,000 --> 00:21:27,100
So what's interesting about it? 
You know what I mean? 

412
00:21:28,000 --> 00:21:31,600
I need to accept that I am 
consuming insane level of 

413
00:21:31,700 --> 00:21:35,800
Twitter relative. 
Even you guys let alone my own 

414
00:21:35,800 --> 00:21:37,300
readers, who are probably 
interested. 

415
00:21:37,300 --> 00:21:38,500
There are three different tiers 
here. 

416
00:21:38,500 --> 00:21:40,700
I mean, there's obviously you at
the top and then me and then 

417
00:21:40,700 --> 00:21:42,700
Katie is, you know, in the midst
of her lent. 

418
00:21:43,600 --> 00:21:46,500
Also, yeah. 
Cuz I like I've my tweets about 

419
00:21:46,500 --> 00:21:50,300
a deleted every couple weeks 
for, I think six years now or 

420
00:21:50,300 --> 00:21:53,500
something a really long time. 
But because I gave up Twitter 

421
00:21:53,500 --> 00:21:56,200
for lunch, I've run through the 
amount of tweets that exist 

422
00:21:56,200 --> 00:21:58,900
there of all deleted. 
So, So I think that they all 

423
00:21:58,900 --> 00:22:02,500
finally disappeared off the day,
the New York Times said that 

424
00:22:02,500 --> 00:22:04,000
reporter shouldn't have to be on
tour. 

425
00:22:04,300 --> 00:22:08,000
And I got like so many emails 
from people that were like, did 

426
00:22:08,000 --> 00:22:09,600
you delete your right? 
We're off. 

427
00:22:17,200 --> 00:22:20,800
Didn't mean dean pique Force you
off the platform you love and 

428
00:22:20,800 --> 00:22:24,000
it's like, no, I felt it. 
Twitter was interfering with my 

429
00:22:24,000 --> 00:22:31,100
relationship with God and I had 
to learn Well anyway yeah, very 

430
00:22:31,100 --> 00:22:32,500
funny. 
Another thing I think Elon could

431
00:22:32,500 --> 00:22:35,100
work on your core. 
Question was do we want this to 

432
00:22:35,100 --> 00:22:38,400
happen and I'm sincere. 
I know it can sound 

433
00:22:38,400 --> 00:22:41,400
tongue-in-cheek that I want but 
it's like I actually I do think 

434
00:22:41,400 --> 00:22:43,900
Twitter is sort of it's not 
clear whether it's good for me 

435
00:22:43,900 --> 00:22:45,000
or bad for me. 
Net. 

436
00:22:45,000 --> 00:22:47,400
Like if they made it worse than 
maybe I'd be free of it. 

437
00:22:47,400 --> 00:22:49,900
So I'm it's something. 
I'm happy to see sort of blown 

438
00:22:49,900 --> 00:22:51,500
up. 
So I'm willing to risk it. 

439
00:22:51,700 --> 00:22:55,000
And I would sort of enjoy 
putting the burden of like, I 

440
00:22:55,000 --> 00:22:58,000
mean, the whole my whole 
frustration with sir, Of the 

441
00:22:58,100 --> 00:23:00,500
Silicon Valley. 
Republican crew is like they 

442
00:23:00,500 --> 00:23:03,100
don't have to govern, you know, 
for a very pragmatic group of 

443
00:23:03,100 --> 00:23:04,300
people. 
It feels like they don't have a 

444
00:23:04,300 --> 00:23:07,900
governing vision for the world, 
it's just like their anti 

445
00:23:08,100 --> 00:23:11,100
anything the Democrats do 
without supporting a party that 

446
00:23:11,100 --> 00:23:14,100
has a governing vision. 
And similarly on this, it's like

447
00:23:14,100 --> 00:23:17,800
oh they hate moderation. 
But anybody I mean there's a 

448
00:23:17,808 --> 00:23:22,600
great thread from the former 
Reddit Co yishan that basically 

449
00:23:22,600 --> 00:23:26,000
made the argument that anybody 
who has to moderate a social 

450
00:23:26,000 --> 00:23:29,300
media company eventually. 
Totally non partisan. 

451
00:23:29,300 --> 00:23:33,100
Reasons comes to conclude the, 
you need to moderate things just

452
00:23:33,100 --> 00:23:36,700
because it because the lack of 
moderation starts destroying the

453
00:23:36,700 --> 00:23:40,400
platform that people get so 
obsessed with something or that.

454
00:23:40,500 --> 00:23:44,100
Even if something, you know, 
there's absolutely like when 

455
00:23:44,100 --> 00:23:47,900
companies like Facebook and read
it moved to introduce some sort 

456
00:23:47,900 --> 00:23:51,500
of moderation, it really wasn't 
because they were trying to just

457
00:23:51,500 --> 00:23:54,200
help people and make their 
experience great. 

458
00:23:54,200 --> 00:23:59,200
For some sort of benign reason 
they're like, we We we have 24 

459
00:23:59,300 --> 00:24:03,200
for money reasons, right? 
It's a business but no one 

460
00:24:03,200 --> 00:24:06,600
really wants to go to tell their
CMO like oh we are we just 

461
00:24:06,600 --> 00:24:09,200
bought a hundred thousand 
dollars worth of banner ads at 

462
00:24:09,200 --> 00:24:11,500
the Neo-Nazi watering hole, 
right? 

463
00:24:11,500 --> 00:24:15,100
Where the conservatives would 
say that is sort of this is our 

464
00:24:15,100 --> 00:24:18,100
way of backing in the liberal 
like oppressive regime. 

465
00:24:18,100 --> 00:24:22,600
Basically we create this anger 
that puts the pressure on the 

466
00:24:22,600 --> 00:24:26,800
platforms and then they have to 
react and we say oh well it's 

467
00:24:26,800 --> 00:24:30,200
just business. 
So I, that is that's the 

468
00:24:30,200 --> 00:24:32,300
counter-argument. 
I'm not even, you know, like 

469
00:24:32,300 --> 00:24:35,300
ideological about it for me, 
it's just like, first of all, 

470
00:24:35,300 --> 00:24:38,300
it's the most fun outcome. 
Like, I'm just rooting for the 

471
00:24:38,300 --> 00:24:39,600
thing. 
That would be the most amusing 

472
00:24:39,600 --> 00:24:42,600
and entertaining the most fun 
though time at this point. 

473
00:24:42,600 --> 00:24:45,000
Yeah. 
Like I'm sure we're all well, 

474
00:24:45,000 --> 00:24:46,300
yeah, I don't know if you're 
going to get back onto the 

475
00:24:46,300 --> 00:24:50,000
platform, but yeah, I'm sure it 
can have huge social or moderate

476
00:24:50,000 --> 00:24:54,000
social impacts if it becomes, 
you know, truly on filtered and 

477
00:24:54,000 --> 00:24:57,000
unfettered. 
But I also just think, like, it 

478
00:24:57,000 --> 00:24:59,200
puts Front and center. 
The fact that it's been kind of 

479
00:24:59,200 --> 00:25:02,700
a shitty business or it's like 
it's naturally business. 

480
00:25:02,700 --> 00:25:04,900
It's been an okay business, but 
it kind of shitty tech company 

481
00:25:05,200 --> 00:25:07,300
for the last couple of years. 
And we're supposed to pretend 

482
00:25:07,300 --> 00:25:09,500
that like, the alternative is it
to keep doing what it's been 

483
00:25:09,500 --> 00:25:11,200
doing. 
I mean, Twitter has a 

484
00:25:11,200 --> 00:25:14,900
placeholder CEO right now. 
He was a, you know, high-level 

485
00:25:14,900 --> 00:25:18,000
executive Twitter that when Jack
step down which by the way Jack 

486
00:25:18,000 --> 00:25:20,500
claims he did not know this was 
going to happen when he did that

487
00:25:20,500 --> 00:25:22,300
probably know. 
We sort of what sort of put in 

488
00:25:22,300 --> 00:25:23,600
there. 
So there's no real strategy. 

489
00:25:23,600 --> 00:25:24,800
Clear. 
They like he didn't come in here

490
00:25:24,800 --> 00:25:28,000
with like a 10-point plan of had
a turn this company And this was

491
00:25:28,000 --> 00:25:31,100
all about having someone else, 
you know, at the helm of this 

492
00:25:31,100 --> 00:25:34,700
clearly unpalatable ship, the 
ads, business continues to like 

493
00:25:34,700 --> 00:25:37,800
reel off more Revenue because 
they have this one particular 

494
00:25:37,800 --> 00:25:40,600
Avenue that we don't need to get
into because it might bore 

495
00:25:40,600 --> 00:25:44,600
listeners. 
But, but, yes, they have an 

496
00:25:44,600 --> 00:25:46,700
accident, but the product 
fucking sucks. 

497
00:25:47,000 --> 00:25:49,300
Anytime you tell someone, who 
hasn't been on Twitter before 

498
00:25:49,300 --> 00:25:51,100
you should check it out, which 
you would never do. 

499
00:25:51,100 --> 00:25:53,800
But like, you know, like my mom 
every so often goes on and 

500
00:25:53,800 --> 00:25:56,400
realizes that it's the worst. 
Almost unreadable user 

501
00:25:56,400 --> 00:25:58,400
interface. 
It's just Full of the most 

502
00:25:58,600 --> 00:26:00,600
unhinged post that get promoted 
to the top. 

503
00:26:00,600 --> 00:26:02,700
Its Ben, you need to be on 
incessantly to know what they're

504
00:26:02,700 --> 00:26:04,300
talking about. 
I feel like if I check out for a

505
00:26:04,300 --> 00:26:06,700
couple days, you don't even get 
the jokes anymore. 

506
00:26:06,700 --> 00:26:10,800
I don't know how you still here,
but it wasn't for like either. 

507
00:26:10,800 --> 00:26:15,400
Your brain is like networked to 
Twitter itself and you're like, 

508
00:26:15,400 --> 00:26:18,300
oh there, there this is sort of 
a light Riff on. 

509
00:26:18,300 --> 00:26:21,800
So, I mean to give an example, 
which I think you guys saw 

510
00:26:22,100 --> 00:26:26,200
Hunter walk who we had on in 
love had a tweet where he was 

511
00:26:26,200 --> 00:26:28,800
complaining. 
I think it was about the Elan 

512
00:26:28,800 --> 00:26:31,100
thing. 
He basically said instead of 

513
00:26:31,100 --> 00:26:34,500
buying Twitter Elon could give 
every person like a million 

514
00:26:34,500 --> 00:26:37,300
dollars, right? 
Like just like an absurd like 

515
00:26:37,300 --> 00:26:40,200
the math doesn't work out. 
Sort of tweet, that was a joke 

516
00:26:40,200 --> 00:26:42,800
on Michael bloom. 
When Michael Bloomberg was 

517
00:26:42,800 --> 00:26:46,300
running, somebody had made his 
similar, I think earnestly dumb 

518
00:26:46,300 --> 00:26:50,900
tweet about about that but that 
Hunter walked, we went extremely

519
00:26:50,900 --> 00:26:54,700
viral because all the Liberals 
retweeted it sincerely and all 

520
00:26:54,700 --> 00:26:57,300
the conservatives quote tweeted 
it. 

521
00:26:57,600 --> 00:27:01,700
Saying dunking on it for being a
terrible analysis and only like 

522
00:27:01,800 --> 00:27:04,600
you know this small circle of 
Silicon Valley, people who know 

523
00:27:04,900 --> 00:27:07,700
Hunter and followed this like 
understood that this was 

524
00:27:07,700 --> 00:27:11,100
originally meant to be a joke 
about this for no, Michael 

525
00:27:11,100 --> 00:27:12,500
Bloomberg. 
Yeah it just right. 

526
00:27:12,700 --> 00:27:16,800
It speaks to me the intersection
of like building Twitter for the

527
00:27:16,800 --> 00:27:18,300
masses. 
The masses don't have any of the

528
00:27:18,300 --> 00:27:21,000
context that like, people 
originally making, they don't 

529
00:27:21,000 --> 00:27:23,000
want it. 
It's like it's really hard to 

530
00:27:23,000 --> 00:27:26,900
turn a product around 15 years 
into a company's existence. 

531
00:27:26,900 --> 00:27:29,300
Twitter is Or less the same 
thing that it's been like there 

532
00:27:29,300 --> 00:27:32,700
might be some Trends or you know
cultural usages that change over

533
00:27:32,700 --> 00:27:34,600
time but by and large it's the 
same thing. 

534
00:27:35,100 --> 00:27:38,400
Okay, can you guys explain 
something to me because this 

535
00:27:38,400 --> 00:27:41,000
debate over whether or not we 
should be allowed to edit like 

536
00:27:41,000 --> 00:27:44,100
the typos in our tweets. 
We can't for some reason, what 

537
00:27:44,100 --> 00:27:47,500
is the case against letting 
people edit out their horrific 

538
00:27:47,500 --> 00:27:51,600
typos because then you would 
say, you know, I love ice cream 

539
00:27:51,600 --> 00:27:54,500
and then you get 1,000 retweets 
and then you're just like I love

540
00:27:54,500 --> 00:27:56,400
child Isis. 
Yeah right. 

541
00:27:56,400 --> 00:27:58,900
Yeah. 
And then people would be like 

542
00:27:58,900 --> 00:28:03,500
gotcha and then they would lose 
a job or something or times and 

543
00:28:03,500 --> 00:28:05,700
then somebody would edit it and 
all of a sudden you have like 

544
00:28:06,000 --> 00:28:10,500
some offensive image, you know, 
through and Annie Lon. 

545
00:28:10,600 --> 00:28:13,300
So Eliza super pro editing 
tweets. 

546
00:28:14,000 --> 00:28:16,900
I mean I guess I am too but for 
totally different reasons just 

547
00:28:16,900 --> 00:28:19,900
because like I'm a bad type or 
and my typewriter what they're 

548
00:28:19,900 --> 00:28:23,400
saying you could but then he 
loves proposal. 

549
00:28:23,400 --> 00:28:28,700
He said that oh well I guess it 
should clear like read Weeds and

550
00:28:28,700 --> 00:28:31,800
it's like, what's the point? 
That's just deleting a tweet. 

551
00:28:31,800 --> 00:28:35,600
Like you can right now to write 
we lose all the engagement and 

552
00:28:35,600 --> 00:28:38,700
like, put it back up, it's just 
like, okay, you wanted a simple 

553
00:28:38,700 --> 00:28:41,200
motion. 
I, I just feel like that's the 

554
00:28:41,200 --> 00:28:44,500
whole thing people want is to be
able to fix the typo without 

555
00:28:44,500 --> 00:28:47,000
losing all the like good 
engagement that, you know, it's 

556
00:28:47,000 --> 00:28:49,700
like, oh, I made a dumb type own
a viral Tweet. 

557
00:28:49,700 --> 00:28:53,500
Now, I want both worlds, but 
it's just like, even Elan seems 

558
00:28:53,500 --> 00:28:56,900
to see the problem in editing 
tweets, even though it's become 

559
00:28:56,900 --> 00:29:01,200
like, A rallying Cry of his 
position which to me speaks to 

560
00:29:01,200 --> 00:29:03,300
the broader point that he is 
just not thought through this at

561
00:29:03,300 --> 00:29:06,300
all and it's what's infuriating 
to sort of. 

562
00:29:07,200 --> 00:29:09,800
I don't know anybody who 
reporters why reporters go 

563
00:29:09,800 --> 00:29:12,700
ballistic about Elon is because 
it feels like Elon gives like 

564
00:29:13,000 --> 00:29:16,800
the dumbest like John, it's like
a jock loss of some, you know, 

565
00:29:16,800 --> 00:29:18,500
it's like you have so many in 
class who thinks they 

566
00:29:18,500 --> 00:29:21,500
understand, like, you know, they
don't believe in evolution but 

567
00:29:21,500 --> 00:29:24,900
they don't like know anything 
about it and you're like, you 

568
00:29:24,900 --> 00:29:26,100
haven't even thought through 
this. 

569
00:29:26,100 --> 00:29:30,700
But but here's why. 
He undermines this idea that a 

570
00:29:30,700 --> 00:29:34,300
lot of people have held onto for
a long time that you have to 

571
00:29:34,300 --> 00:29:40,400
work pretty hard and prepare and
study in order to be successful.

572
00:29:40,400 --> 00:29:43,600
Right? 
And so I think when reporters 

573
00:29:43,600 --> 00:29:46,500
are going ballistic over him, 
what they're saying is you're 

574
00:29:46,500 --> 00:29:48,400
not the kind of person who's 
supposed to be able to do this, 

575
00:29:48,400 --> 00:29:49,900
right? 
So stop doing it. 

576
00:29:49,900 --> 00:29:53,000
Exactly. 
I remember another figure not so

577
00:29:53,000 --> 00:29:57,200
long ago who ran for president, 
I think people work like we are.

578
00:29:57,400 --> 00:30:00,300
Supposed to do that, because 
you've never read a book 

579
00:30:00,400 --> 00:30:01,600
Running. 
Yeah, that's right. 

580
00:30:01,600 --> 00:30:03,500
Yeah. 
Did you think it Katie don't 

581
00:30:03,500 --> 00:30:05,300
understand that? 
According to David Sachs, the 

582
00:30:05,300 --> 00:30:08,100
system is rigged against these 
people, right? 

583
00:30:08,200 --> 00:30:09,700
Yeah. 
It's very hard for these people 

584
00:30:09,700 --> 00:30:12,100
to do what they want to say. 
I don't know if the system is 

585
00:30:12,100 --> 00:30:15,800
rigged against them but I think 
normative Behavior did prevent a

586
00:30:15,800 --> 00:30:18,300
lot of things from happening 
that is exactly. 

587
00:30:18,300 --> 00:30:22,800
And it's just that we now live 
in a world where for whatever 

588
00:30:22,800 --> 00:30:25,600
reason, I do not know normative 
Behavior. 

589
00:30:25,600 --> 00:30:29,700
People do not feel Bound by And 
people do not feel so bad when 

590
00:30:29,700 --> 00:30:32,600
Society turns on them for 
defying, it, they don't know 

591
00:30:32,600 --> 00:30:35,700
what Marc Andreessen. 
That's like, it's anti normative

592
00:30:35,700 --> 00:30:37,500
Behavior. 
Yeah, it is sort of like, oh, 

593
00:30:37,500 --> 00:30:39,900
all these scolds you're not 
doing anything. 

594
00:30:39,900 --> 00:30:42,900
I mean that sort of an Express 
position is point. 

595
00:30:42,900 --> 00:30:46,000
I mean, it's in a very 
interesting distillation of 

596
00:30:46,000 --> 00:30:50,000
what's, what's going on? 
Let me defend Ilan for a second 

597
00:30:50,000 --> 00:30:52,300
here. 
Anyone have any better ideas? 

598
00:30:53,000 --> 00:30:56,200
Like I mean you know that I have
always said if if somebody just 

599
00:30:56,200 --> 00:30:59,200
pulled the plug on Twitter, 
Tomorrow, it would not hurt 

600
00:30:59,300 --> 00:31:02,300
anything and I know they're 
going to be all these people who

601
00:31:02,300 --> 00:31:06,300
are like, Katie that's not fair.
There have been civil rights 

602
00:31:06,300 --> 00:31:09,400
activist and there have been, 
you know, marginalized groups 

603
00:31:09,400 --> 00:31:11,800
and there have been, you know, 
there's more disability 

604
00:31:11,800 --> 00:31:15,500
visibility and those things are 
all to some extent true, but 

605
00:31:15,500 --> 00:31:18,400
that does not mean that the 
mechanism that allowed those 

606
00:31:18,400 --> 00:31:21,500
voices to have more public are 
time. 

607
00:31:21,900 --> 00:31:24,900
Must always continue. 
Maybe we can now come up with a 

608
00:31:24,900 --> 00:31:27,200
new way or maybe now the 
mainstream media. 

609
00:31:27,400 --> 00:31:29,400
As more tuned for those voices, 
thanks to Twitter. 

610
00:31:29,700 --> 00:31:32,500
And it's now part of what 
reportedly served its purpose 

611
00:31:32,500 --> 00:31:37,700
and it served his purpose and it
can go like the dodo or is it 

612
00:31:37,700 --> 00:31:39,900
like a panda bear and we keep it
alive because we just think it's

613
00:31:39,900 --> 00:31:41,200
so cute. 
But there's really no 

614
00:31:41,200 --> 00:31:43,700
evolutionary reason why I think 
this diplomatic presence for 

615
00:31:43,700 --> 00:31:45,600
the. 
I do think like I mean on an 

616
00:31:45,600 --> 00:31:48,900
earlier episode, I talked about 
like my ideological like 

617
00:31:48,900 --> 00:31:51,300
uncertainty a certain way and I 
do think there is a degree to, 

618
00:31:51,300 --> 00:31:54,000
which, like, the Elan thing is 
fun. 

619
00:31:54,100 --> 00:31:57,200
Like the people booing Elon are 
boring. 

620
00:31:57,300 --> 00:31:59,400
Twitter isn't that great right 
now? 

621
00:31:59,400 --> 00:32:02,000
Like this isn't Donald Trump. 
It's not like, oh, Donald Trump 

622
00:32:02,000 --> 00:32:04,800
being president means that 
people can't get across the 

623
00:32:04,800 --> 00:32:06,500
border. 
You know, you it doesn't mean 

624
00:32:06,500 --> 00:32:10,000
like actual terrible real world 
consequences for people like 

625
00:32:10,100 --> 00:32:13,700
there's a possibility that Elon 
runs Twitter in a way that I 

626
00:32:13,700 --> 00:32:16,000
guess like hurts our political 
world. 

627
00:32:16,100 --> 00:32:18,900
But for the most part it feels 
like sort of like would you 

628
00:32:18,900 --> 00:32:22,600
rather vote for chaos and fun 
and somebody who's willing to 

629
00:32:22,600 --> 00:32:26,600
like experiment or are you gonna
or do you want to play Forum? 

630
00:32:26,600 --> 00:32:29,900
Where do you want to go? 
Because them and the system like

631
00:32:29,900 --> 00:32:32,700
is like lawyers and shit. 
Like I do think like an 

632
00:32:32,700 --> 00:32:36,300
interesting theme to come out of
this world is like part of the 

633
00:32:36,300 --> 00:32:39,200
way like the liberal power 
structure like gets these people

634
00:32:39,200 --> 00:32:42,100
in line is that these companies 
go public and then they have to 

635
00:32:42,100 --> 00:32:44,900
follow like SEC rule, you know, 
they're always there. 

636
00:32:44,900 --> 00:32:48,400
All these rules constructed by 
sort of the liberal Elite 

637
00:32:48,400 --> 00:32:52,500
bureaucracy that then makes it 
so that they can do or say 

638
00:32:52,500 --> 00:32:54,700
whatever they want. 
Most of most of those rules are 

639
00:32:54,700 --> 00:32:57,200
like holdovers from like the 
post depression. 

640
00:32:57,300 --> 00:33:00,500
Sarah wasn't like some liberal 
plot. 

641
00:33:00,500 --> 00:33:05,500
It was like, how do we ensure 
that corporations can't lie to 

642
00:33:05,500 --> 00:33:07,400
investors and make money off of 
them? 

643
00:33:07,400 --> 00:33:09,500
And how do we ensure that people
were made? 

644
00:33:09,600 --> 00:33:12,500
That there are many remain 
sounds sure, but people 

645
00:33:12,700 --> 00:33:14,900
companies get sued over 
everything. 

646
00:33:14,900 --> 00:33:19,700
I mean, but I'm just saying that
those laws were not put in place

647
00:33:19,700 --> 00:33:23,000
because of Democrats. 
It was literally a response to 

648
00:33:23,000 --> 00:33:27,200
the Great Depression and I 
support Financial regulation and

649
00:33:27,900 --> 00:33:30,100
Yeah, thank you. 
Thank God. 

650
00:33:30,100 --> 00:33:34,000
It's like a huckster so. 
Right about now, I am 

651
00:33:34,000 --> 00:33:37,500
sympathetic to the idea that 
there is a regime that public 

652
00:33:37,500 --> 00:33:40,000
companies are basically forced 
into that. 

653
00:33:40,000 --> 00:33:42,800
Requires you, we expect like an 
adult CEO, right? 

654
00:33:42,800 --> 00:33:44,600
You can't be this like 
ridiculous. 

655
00:33:44,600 --> 00:33:49,900
Like, just Trump being CEO 
because you're basically trapped

656
00:33:49,900 --> 00:33:52,300
in a regulatory regime and 
that's the conflict over the 

657
00:33:52,300 --> 00:33:56,700
tweets is Elon kind of a, like a
like, is there is there some 

658
00:33:56,700 --> 00:34:01,000
sort of Volusia nari timeline 
on, which we put Ilan where 

659
00:34:01,000 --> 00:34:04,900
there was first. 
There was online trading and 

660
00:34:04,900 --> 00:34:10,000
then there was kind of like day 
trading and the manipulation of 

661
00:34:10,000 --> 00:34:13,300
the electronic infrastructure 
around markets and then there 

662
00:34:13,300 --> 00:34:17,100
was the GameStop stuff, right? 
Where people were able to work 

663
00:34:17,100 --> 00:34:20,800
in a concerted block to change 
prices absent. 

664
00:34:20,800 --> 00:34:23,600
Any regard for whether or not 
the company was doing well, 

665
00:34:23,600 --> 00:34:26,800
Market, fundamentals are no 
longer a thing and now Elon is 

666
00:34:26,800 --> 00:34:29,400
kind of Like the large investor 
version of that. 

667
00:34:29,400 --> 00:34:31,400
We had the small investor 
version of a large investor 

668
00:34:31,400 --> 00:34:33,800
relations. 
Yeah, I think I've seen people 

669
00:34:34,000 --> 00:34:36,300
definitely make the connection 
at this is just like a 

670
00:34:36,300 --> 00:34:38,900
super-sized version of the mean 
stock phenomenon. 

671
00:34:39,199 --> 00:34:42,900
I think that analysis kind of 
undercuts its actual business, 

672
00:34:42,900 --> 00:34:44,199
which is fine. 
Right? 

673
00:34:44,199 --> 00:34:47,000
You know it's not AMC Theatres 
which is like part of a 

674
00:34:47,000 --> 00:34:50,000
dwindling and fucked it and 
there is like a bull case for 

675
00:34:50,000 --> 00:34:51,600
Twitter. 
But here's the thing on the 

676
00:34:51,600 --> 00:34:53,900
bookcase for Twitter, it just 
relies on them kind of doing the

677
00:34:53,900 --> 00:34:55,800
same thing that they've been 
doing right? 

678
00:34:55,800 --> 00:34:58,100
And the product will Bumble 
along In the way that it has for

679
00:34:58,100 --> 00:35:00,000
the last couple of years, it's 
clearly not going to turn things

680
00:35:00,000 --> 00:35:01,700
around because it was can turn 
things around. 

681
00:35:01,700 --> 00:35:05,700
It would have like a Visionary 
CEO laying out ideas that could 

682
00:35:05,700 --> 00:35:07,200
fundamentally change the 
product. 

683
00:35:07,200 --> 00:35:08,900
This is just sort of like, this 
is why? 

684
00:35:08,900 --> 00:35:11,300
Again, I'm rooting for Ilan. 
Because at least it's an 

685
00:35:11,300 --> 00:35:14,700
acknowledgement that if you care
about this company and think it 

686
00:35:14,700 --> 00:35:17,400
should matter that at least try 
to do something to it at least, 

687
00:35:17,400 --> 00:35:22,000
like try to Institute a game 
plan even if it's a calf you 

688
00:35:22,000 --> 00:35:25,100
know, half-cocked you know, off 
the, you know, running by the 

689
00:35:25,500 --> 00:35:27,900
you know, whatever. 
Like there's at least, Something

690
00:35:27,900 --> 00:35:31,400
some sort of energy and decision
and desire to. 

691
00:35:31,600 --> 00:35:35,100
I think, maybe I'm giving him 
too much credit to try to do 

692
00:35:35,100 --> 00:35:38,000
something with with what is like
a very interesting product. 

693
00:35:38,000 --> 00:35:40,900
Yeah, you have assigned, like a 
lot of really interesting 

694
00:35:40,900 --> 00:35:44,500
motives to to this myth. 
Like I'm like, wow, if that's 

695
00:35:44,500 --> 00:35:46,400
what he's thinking. 
I think that sounds great. 

696
00:35:46,700 --> 00:35:49,700
There was a lot of criticism on 
elon's, lack of knowledge of 

697
00:35:49,700 --> 00:35:51,700
free speech debates, I guess 
during the Ted Talk. 

698
00:35:51,700 --> 00:35:55,600
Yeah, I'm vehement on that sure,
I'm sure he sounded like a 

699
00:35:55,600 --> 00:35:58,000
fucking moron during it because 
he doesn't not seem to think 

700
00:35:58,000 --> 00:36:00,600
about a lot of these things very
hard, but all the smart people 

701
00:36:00,600 --> 00:36:02,500
that have been spending the last
five years. 

702
00:36:02,500 --> 00:36:05,700
Discussing online speech, and 
moderation, if they come up with

703
00:36:05,700 --> 00:36:08,600
any great Solutions, like are we
in a position where things are 

704
00:36:08,600 --> 00:36:10,900
like, well, monitored and well 
measured. 

705
00:36:10,900 --> 00:36:13,700
I mean, like Facebook, spend a 
lot of money building up its, 

706
00:36:13,900 --> 00:36:17,000
you know, whatever advisory 
committees and you can argue 

707
00:36:17,000 --> 00:36:19,000
like politically they weren't 
empowered to do anything. 

708
00:36:19,000 --> 00:36:21,600
And you know, duck never was 
going to take him seriously but,

709
00:36:21,700 --> 00:36:24,100
you know, for the companies that
invested in it and they got all 

710
00:36:24,100 --> 00:36:26,400
the smart academics to talk 
about it and do things. 

711
00:36:26,600 --> 00:36:27,100
What? 
Exactly. 

712
00:36:27,200 --> 00:36:29,500
Is their proposal nothing? 
Really, it's clearly not working

713
00:36:29,500 --> 00:36:32,200
out, it feels like Facebook 
hired, more people. 

714
00:36:32,200 --> 00:36:37,000
Some of it is just like a 
scaling up, the human moderators

715
00:36:37,000 --> 00:36:40,600
with the size of your platform 
issue, which is companies have 

716
00:36:40,600 --> 00:36:43,000
been investing and you covered 
snap more than anyone. 

717
00:36:43,000 --> 00:36:47,100
They have a totally different 
philosophy and and Tick Tock is 

718
00:36:47,100 --> 00:36:49,800
a heavy moderation platform. 
So I don't know that. 

719
00:36:49,808 --> 00:36:53,200
I agree with you. 
We've seen that conversation 

720
00:36:53,200 --> 00:36:56,900
translate into companies with 
stricter, moderation. 

721
00:36:56,900 --> 00:36:58,800
And Are less problems. 
I don't know. 

722
00:36:58,800 --> 00:37:01,200
I can't speak The Tick Tock 
because I haven't reported on 

723
00:37:01,200 --> 00:37:02,600
it. 
I think people give snap a lot 

724
00:37:02,600 --> 00:37:04,800
of credit for it. 
Just has a different 

725
00:37:04,800 --> 00:37:06,300
architecture. 
It's just a different kind of 

726
00:37:06,300 --> 00:37:08,000
product. 
It's not set up for 

727
00:37:08,000 --> 00:37:11,200
disinformation, and like the 
whole, like, the product, whole 

728
00:37:11,200 --> 00:37:14,400
that, Twitter, and Facebook 
fills is not served by snap. 

729
00:37:14,600 --> 00:37:16,500
So you can't really say like, 
oh, why isn't face look more? 

730
00:37:16,500 --> 00:37:18,500
Like so what it? 
What it, what are they serve? 

731
00:37:18,500 --> 00:37:21,400
And why is it important to have 
one-to-one messaging? 

732
00:37:21,400 --> 00:37:24,500
Basically Facebook and Twitter. 
Serve that. 

733
00:37:24,600 --> 00:37:27,000
No, yeah, right. 
What do Facebook? 

734
00:37:27,300 --> 00:37:28,700
Her serve. 
And why is that important to 

735
00:37:28,700 --> 00:37:31,900
have all mine community online 
conversations? 

736
00:37:31,900 --> 00:37:33,800
Why is important? 
I'm not saying it is important, 

737
00:37:33,800 --> 00:37:36,100
but there's a desire for it. 
That there's clearly like a 

738
00:37:36,107 --> 00:37:37,700
human. 
The fact that these things have 

739
00:37:37,700 --> 00:37:40,700
persisted and in Facebook's case
had become like an insanely 

740
00:37:40,700 --> 00:37:44,000
valuable company is because it 
Taps into some elements of human

741
00:37:44,000 --> 00:37:46,200
nature that people want to 
communicate in this way. 

742
00:37:47,000 --> 00:37:50,100
And so if you were to shut these
products down one day, something

743
00:37:50,100 --> 00:37:53,400
would have to fill it up because
for whatever reason we desire to

744
00:37:53,600 --> 00:37:56,200
at least in the current 
technological infrastructure, 

745
00:37:56,200 --> 00:37:57,400
communicate in this way. 
Way? 

746
00:37:57,700 --> 00:38:00,000
So, I don't know. 
I just that particular one 

747
00:38:00,000 --> 00:38:03,800
annoys me because it's just not 
fair to say one company is doing

748
00:38:03,800 --> 00:38:06,700
it right and other ones doing it
you know not right when the 

749
00:38:06,700 --> 00:38:09,400
products are just different, 
they're fundamentally different.

750
00:38:09,400 --> 00:38:12,300
It does seem like tectonic is 
starting to encroach on time. 

751
00:38:12,300 --> 00:38:15,200
That was spent on companies like
Twitter or Instagram. 

752
00:38:15,500 --> 00:38:18,400
So does that mean that there's 
another way to serve that need 

753
00:38:18,500 --> 00:38:21,200
or is it just that you think 
these things are complimentary 

754
00:38:21,400 --> 00:38:22,900
well? 
But the, when you say take away 

755
00:38:22,900 --> 00:38:25,600
time, it's usually, you know, 
younger people, right? 

756
00:38:26,400 --> 00:38:29,700
And so They seem to be phasing 
out of those other products for 

757
00:38:29,700 --> 00:38:31,500
a long time anyway. 
Hmm. 

758
00:38:31,700 --> 00:38:33,900
So I don't think there's going 
to be, you know. 

759
00:38:34,200 --> 00:38:36,200
Yeah, sure. 
Maybe the entertainment value 

760
00:38:36,200 --> 00:38:40,500
that Tick-Tock offers is just 
fundamentally Superior to 

761
00:38:40,500 --> 00:38:43,500
Facebook, but for the way, the 
olds use Facebook and I guess 

762
00:38:43,500 --> 00:38:45,900
Twitter, I don't think Tick-Tock
is really serving that. 

763
00:38:46,000 --> 00:38:48,900
Well, given that young people 
are phasing out of things like 

764
00:38:48,900 --> 00:38:52,100
Twitter and Instagram and 
Facebook and probably worried 

765
00:38:52,100 --> 00:38:55,100
from before Tick-Tock, does that
mean then that if those things 

766
00:38:55,100 --> 00:38:57,100
went away, necessarily something
like them. 

767
00:38:57,200 --> 00:39:00,100
Take their place, if people who 
are younger, just kind of, don't

768
00:39:00,100 --> 00:39:02,700
need them or want them. 
It depends, I mean, we're 

769
00:39:02,700 --> 00:39:04,900
talking about like a 
decades-long timeline for that, 

770
00:39:04,908 --> 00:39:06,900
right? 
So, if we want to think in those

771
00:39:06,900 --> 00:39:09,000
terms, sure. 
But everyone, you know, seems to

772
00:39:09,000 --> 00:39:11,600
be thinking that like democracy 
is on the verge of collapsing 

773
00:39:11,600 --> 00:39:14,300
right now. 
If we got rid of Twitter, or if 

774
00:39:14,300 --> 00:39:16,100
we don't do better, moderation 
on Twitter, right? 

775
00:39:16,100 --> 00:39:19,300
We can't just have to serve a 
market view, like, if better 

776
00:39:19,300 --> 00:39:22,100
moderation doesn't happen in 
Twitter, is just terrible over 

777
00:39:22,100 --> 00:39:23,400
time, people just leave it, 
right? 

778
00:39:23,400 --> 00:39:25,900
And I don't know that democracy 
will fail because of it. 

779
00:39:25,900 --> 00:39:29,700
If Twitter became a ghost town, 
Like my space isn't Myspace, 

780
00:39:29,700 --> 00:39:30,700
doesn't Myspace? 
Hold on. 

781
00:39:30,700 --> 00:39:35,300
Let me say my space. 
So I go to I go to myspace.com 

782
00:39:35,500 --> 00:39:39,400
it's there. 
Hey Bikini Kill is doing a 2022 

783
00:39:39,400 --> 00:39:41,700
summer. 
Sure Tommy songs about right, 

784
00:39:41,700 --> 00:39:44,700
surprise released a new song. 
So my space exists of Twitter 

785
00:39:44,700 --> 00:39:47,000
became like some sort of weird 
thing. 

786
00:39:47,400 --> 00:39:50,000
I don't know that democracy 
would fail if everybody was just

787
00:39:50,000 --> 00:39:51,400
like we hate this. 
We don't use anymore. 

788
00:39:51,400 --> 00:39:54,600
Oh, speaking of my there is a 
great relevant tweet on this. 

789
00:39:54,600 --> 00:39:58,700
I'm trying. 
If you pick a Eric about like 

790
00:39:58,900 --> 00:40:01,300
the parts of your brain that are
occupied by tweets that you 

791
00:40:01,300 --> 00:40:04,600
don't understand the scale of 
Twitter that I've been on, well,

792
00:40:04,600 --> 00:40:08,000
I was trying to draw attention, 
I had a good subscriber BOCES 

793
00:40:08,000 --> 00:40:10,900
week, I was trying to draw 
attention to that but then of 

794
00:40:10,900 --> 00:40:14,500
course, like the tweets of mine 
that were, you know, going viral

795
00:40:14,500 --> 00:40:17,500
for me were, like, shitting on 
York Times or whatever, you 

796
00:40:17,500 --> 00:40:21,500
know, it's classic like, when 
did my space become only noun 

797
00:40:21,500 --> 00:40:27,100
students about like mainstream 
pop stars for a Time, Justin? 

798
00:40:27,200 --> 00:40:28,900
Like own Myspace. 
Can I read this week? 

799
00:40:29,000 --> 00:40:34,900
It's alright. 
Lesbian Mothman says, I was on 

800
00:40:34,900 --> 00:40:38,400
Tumblr when Yahoo had to sell it
for three million after buying 

801
00:40:38,400 --> 00:40:41,600
it for 1.1 billion. 
We were all a little bit 

802
00:40:41,600 --> 00:40:45,400
responsible for losing Yahoo a 
billion dollars and with that 

803
00:40:45,400 --> 00:40:48,400
type of collective effort, I 
believe we here on Twitter can 

804
00:40:48,400 --> 00:40:52,900
lose Elon Musk even more. 
It's true. 

805
00:40:54,300 --> 00:40:57,700
It's so true. 
We all have a part To play. 

806
00:40:57,700 --> 00:41:00,200
Do you want to be the bearer of 
toxicity? 

807
00:41:00,400 --> 00:41:02,700
Or do you want to be one of the 
people who just abandons the 

808
00:41:02,707 --> 00:41:05,400
platform all together? 
I think I know which role I will

809
00:41:05,400 --> 00:41:08,100
play well. 
So so this is what I wish that 

810
00:41:08,100 --> 00:41:10,700
the board's statement had been. 
Instead of adopting the poison 

811
00:41:10,700 --> 00:41:13,000
pill measure, you know, to block
Ilana they should have said 

812
00:41:13,000 --> 00:41:15,700
look, we have a plan here. 
And that plan is to take this 

813
00:41:15,700 --> 00:41:20,300
company out with a whimper 
slowly richer even profitable 

814
00:41:20,300 --> 00:41:21,900
though, like I don't like for 
that. 

815
00:41:21,900 --> 00:41:24,300
You need to have at least be 
producing like throwing off 

816
00:41:24,300 --> 00:41:26,300
cash. 
That people write slowly. 

817
00:41:26,300 --> 00:41:28,600
We like Content. 
Moderation policy is that 

818
00:41:28,600 --> 00:41:30,200
eventually. 
We will have no content to 

819
00:41:30,200 --> 00:41:32,600
moderate on here. 
And so if this place just like, 

820
00:41:32,600 --> 00:41:35,400
Flames out over the course of 
like 10 15 years, we're all 

821
00:41:35,400 --> 00:41:37,600
going to be the better for it 
and then you can save your 

822
00:41:37,600 --> 00:41:38,800
money. 
You're not going to want it when

823
00:41:38,800 --> 00:41:40,100
it's shitty. 
So let's just talk. 

824
00:41:40,200 --> 00:41:41,700
I think that's actually going to
happen. 

825
00:41:41,700 --> 00:41:44,500
It's just a matter of whether or
not it happens under if whether 

826
00:41:44,500 --> 00:41:46,900
it goes like the Elan route or 
the non è La en route. 

827
00:41:46,900 --> 00:41:50,000
And and I just think that 
because I can't think of a 

828
00:41:50,008 --> 00:41:54,000
public company that just said 
what we do now is irrelevant 

829
00:41:54,000 --> 00:41:56,800
we're simply going to shut down.
I don't think any of them have 

830
00:41:56,800 --> 00:41:58,600
ever done. 
Done that, but you've seen 

831
00:41:58,800 --> 00:42:00,300
automakers. 
Go away. 

832
00:42:00,500 --> 00:42:03,700
You've seen, you know, tech 
companies like up like away all 

833
00:42:03,700 --> 00:42:05,300
the time. 
Like, remember the company 

834
00:42:05,300 --> 00:42:08,600
Compaq? 
I think that was a big computer 

835
00:42:08,600 --> 00:42:11,800
maker so they do go away. 
But it's generally not because 

836
00:42:11,800 --> 00:42:16,000
the management team puts out, a 
press release saying this is not

837
00:42:16,000 --> 00:42:18,000
really what worth doing it 
anymore. 

838
00:42:18,200 --> 00:42:20,000
So they always have to go out 
with a whimper. 

839
00:42:20,000 --> 00:42:23,900
It's just like, do you want it 
to be an Elon style death of the

840
00:42:23,900 --> 00:42:26,600
company, which actually might be
faster, frankly. 

841
00:42:27,200 --> 00:42:30,500
Like they just limp along like 
this and people they're slow 

842
00:42:30,500 --> 00:42:33,200
attrition over the next decade 
because people are like this is 

843
00:42:33,200 --> 00:42:34,700
too weird. 
Yeah. 

844
00:42:35,200 --> 00:42:37,000
Well I mean I feel like this 
then gets to the web three 

845
00:42:37,000 --> 00:42:38,900
conversation, right? 
Like it's clear that Twitter 

846
00:42:38,900 --> 00:42:42,500
doesn't have a great web 3 
strategy and since everything is

847
00:42:42,500 --> 00:42:45,100
clearly going in that direction 
they're going to be obsolete. 

848
00:42:45,100 --> 00:42:49,400
Yeah, as far as that happens, if
that works out Twitter 2021, I 

849
00:42:49,400 --> 00:42:52,400
just brought the financials and 
we have a literate audience. 

850
00:42:52,400 --> 00:42:57,000
So the revenue was just like a 
dime quarter. 

851
00:42:57,100 --> 00:42:59,500
Five billion. 
No, it's five billion, total 

852
00:42:59,500 --> 00:43:06,200
revenue and net loss of 221 
million and it lost a billion 

853
00:43:06,200 --> 00:43:09,500
and change in 2020. 
So, yeah, it's a money-losing. 

854
00:43:09,600 --> 00:43:12,100
I mean, if you think about how 
much coffee the interns are 

855
00:43:12,107 --> 00:43:13,100
drinking. 
It is. 

856
00:43:13,100 --> 00:43:17,000
Does any other takeaways any of 
that offset the odds, right, 

857
00:43:19,600 --> 00:43:22,400
that's a homeless people. 
That's a revenue stream as well.

858
00:43:22,400 --> 00:43:24,700
Yeah, he proposed he did say, 
yeah. 

859
00:43:24,700 --> 00:43:27,400
Let's put homeless people and 
Twitter's I got, you know, I 

860
00:43:27,400 --> 00:43:29,700
don't disagree with that. 
That is as far as he thought 

861
00:43:29,700 --> 00:43:32,300
about it, by the way. 
Yeah, again, yeah. 

862
00:43:32,600 --> 00:43:36,100
If this doesn't happen, which is
more likely than not in my 

863
00:43:36,100 --> 00:43:39,400
opinion. 
Are we idiots for just like 

864
00:43:39,400 --> 00:43:41,700
getting suckered again? 
Like no, we're just like the 

865
00:43:41,700 --> 00:43:44,900
news conversation. 
I mean, given that he's sort of 

866
00:43:44,900 --> 00:43:47,100
like the boy who cried wolf. 
Should we have? 

867
00:43:47,100 --> 00:43:51,100
Just like not paid attention to 
this until the board said, okay,

868
00:43:51,100 --> 00:43:53,800
we're selling to Ilan or I do, I
know that's impossible. 

869
00:43:53,800 --> 00:43:56,200
There's no central point of. 
Yeah, I don't know what that 

870
00:43:56,200 --> 00:43:58,200
reality looks like. 
So it's hard to answer because 

871
00:43:58,200 --> 00:44:01,100
like we pay attention to all 
sorts of merger talks, right? 

872
00:44:01,100 --> 00:44:05,100
I mean like just the world was 
Richard, I mean right well there

873
00:44:05,100 --> 00:44:11,000
is we I've also been critical of
the financial press for loves to

874
00:44:11,000 --> 00:44:13,900
report merger talks. 
When the reporter themselves, 

875
00:44:13,900 --> 00:44:17,100
clearly knows that the 
acquisition is less likely, you 

876
00:44:17,100 --> 00:44:20,100
know, is less than 50%. 
You know, it's like oh they 

877
00:44:20,100 --> 00:44:23,600
talked, but does that mean that 
they're going to get acquired if

878
00:44:23,600 --> 00:44:26,200
you think? 
No, I person is reporter would 

879
00:44:26,200 --> 00:44:28,700
are against Morning. 
But I know plenty of reporters 

880
00:44:28,900 --> 00:44:32,400
are like, well, it's true. 
There are talks so we should get

881
00:44:32,400 --> 00:44:34,800
ask you quickly true. 
Oh yeah. 

882
00:44:35,200 --> 00:44:37,100
Oh yeah, that's my least 
favorite. 

883
00:44:37,200 --> 00:44:39,600
Yeah. 
Well, I'm can't go any. 

884
00:44:39,600 --> 00:44:41,400
I can't go down that road 
anymore. 

885
00:44:42,100 --> 00:44:44,500
There's one thing that we 
haven't really examined in terms

886
00:44:44,500 --> 00:44:47,200
of elon's quest. 
And that is, what is Plan B? 

887
00:44:47,800 --> 00:44:48,900
Right? 
Because he said, oh, if this 

888
00:44:48,900 --> 00:44:51,500
doesn't work, he has a plan B. 
And I think I know what plan B 

889
00:44:51,500 --> 00:44:52,900
is. 
And I think it actually will 

890
00:44:52,900 --> 00:44:55,000
solve a lot of the issues that 
we've kind of been stumbling 

891
00:44:55,000 --> 00:44:56,900
over this episode. 
I think he should try. 

892
00:44:57,100 --> 00:45:00,300
To acquire Pinterest. 
Oh my God, I forgot Pinterest to

893
00:45:00,300 --> 00:45:01,900
like sister. 
Yeah, look Elon. 

894
00:45:01,900 --> 00:45:03,900
If you listen since you're, I 
know your kind of been. 

895
00:45:03,900 --> 00:45:05,100
So all of the content that's out
there. 

896
00:45:05,107 --> 00:45:07,000
We're going to Tweet out this 
episode so you'll read this. 

897
00:45:07,300 --> 00:45:09,800
If you're looking to buy a 
bumbling tech company, that is 

898
00:45:09,800 --> 00:45:12,800
not managed to have any real 
product Innovation over the last

899
00:45:12,800 --> 00:45:15,600
five or so years, clearly 
Pinterest is out there 

900
00:45:15,700 --> 00:45:17,400
Pinterest, right? 
As some of the woke is employees

901
00:45:17,400 --> 00:45:19,000
around. 
So if you'll on really wants to 

902
00:45:19,000 --> 00:45:23,000
see a liar, liberal tears. 
Yeah, it is Astro, is that, is 

903
00:45:23,000 --> 00:45:26,100
that part of what he wants to do
is see liberal tears flow, he 

904
00:45:26,100 --> 00:45:28,800
wouldn't hurt Birds. 
But I wouldn't be his backseat 

905
00:45:28,800 --> 00:45:31,900
was like to tweet to that, I 
even left. 

906
00:45:31,900 --> 00:45:33,900
His most Ardent followers would 
like to see that. 

907
00:45:34,200 --> 00:45:37,200
Okay, fine. 
Yeah, okay. 

908
00:45:37,300 --> 00:45:39,700
That place could be like a 
Bastion of like, cultural 

909
00:45:39,700 --> 00:45:42,000
insensitivity under you. 
Like, they already seem to have 

910
00:45:42,000 --> 00:45:44,500
problems there at Pinterest. 
I think it could probably made a

911
00:45:44,500 --> 00:45:47,800
lot worse under your leadership,
like, have a board was just 

912
00:45:47,800 --> 00:45:51,000
dedicated to like cells. 
Yeah, yeah. 

913
00:45:51,000 --> 00:45:53,800
My old school, and social 
stream, or yeah. 

914
00:45:54,000 --> 00:45:56,500
First of all, they have a male 
user problem at Pinterest, so 

915
00:45:56,500 --> 00:45:59,000
long Could a drawn could solve 
that overnight? 

916
00:45:59,000 --> 00:46:01,100
Yeah, exactly. 
Just get your fault. 

917
00:46:01,100 --> 00:46:03,000
Your Twitter follower Bros on 
the Pinterest. 

918
00:46:03,600 --> 00:46:05,200
That would probably double the 
user base. 

919
00:46:05,900 --> 00:46:07,900
And I think there's a lot. 
You know, you wouldn't have the 

920
00:46:07,908 --> 00:46:09,600
government on your back, they 
wouldn't care. 

921
00:46:09,600 --> 00:46:12,900
If you're a Pinterest, isn't 
Pinterest private, I forgot to 

922
00:46:12,900 --> 00:46:14,700
select notes. 
Public their public. 

923
00:46:14,700 --> 00:46:17,000
Wow, they did that. 
And that's great for them. 

924
00:46:17,000 --> 00:46:19,700
I think. 
Mmm, Yeah, but they've not yet 

925
00:46:19,700 --> 00:46:23,200
been acquired by Microsoft. 
Microsoft, apparently passed on 

926
00:46:23,200 --> 00:46:25,400
them. 
Oh, I was joking, but that's 

927
00:46:25,400 --> 00:46:26,900
hilarious. 
Oh no, that was a real. 

928
00:46:27,200 --> 00:46:32,000
K. 
Yeah, so they've been rejected 

929
00:46:32,000 --> 00:46:35,900
by like you know, the richest 
least attractive person at the 

930
00:46:35,900 --> 00:46:38,600
dance, just kind of stumbling 
around. 

931
00:46:38,800 --> 00:46:41,200
I think Elon is there, I'd 
probably be easier to line up 

932
00:46:41,200 --> 00:46:43,200
that Finance. 
There's a funny and you'll see 

933
00:46:43,200 --> 00:46:45,500
how this relates. 
There was a funny part in the 

934
00:46:45,500 --> 00:46:48,500
Ted Talk interview with Elon 
Musk where they weren't talking 

935
00:46:48,500 --> 00:46:52,000
about this to you and the guy 
was a strange interview, but the

936
00:46:52,000 --> 00:46:55,800
guy was like, you know, Ilan 
like what what do you regret 

937
00:46:55,800 --> 00:46:59,500
most about like, Her career. 
Like what could you change any 

938
00:46:59,500 --> 00:47:01,300
lines? 
Basically, like the, we didn't 

939
00:47:01,500 --> 00:47:06,500
that I that me and JD didn't 
found Tesla ourselves because 

940
00:47:06,500 --> 00:47:10,200
Elon is basically, so full of 
regret that he has to share 

941
00:47:10,200 --> 00:47:14,300
credit for Tesla with other 
people, you know, you just wants

942
00:47:14,300 --> 00:47:17,700
to erase like their creation. 
And the problem with acquiring 

943
00:47:17,700 --> 00:47:21,900
Twitter is no one's going to 
forget, like, Jack Dorsey or, 

944
00:47:22,000 --> 00:47:24,800
you know, I mean, like, what if 
he acquires Pinterest, you know,

945
00:47:24,800 --> 00:47:26,900
he might be able to like, tell 
me right here. 

946
00:47:27,300 --> 00:47:29,800
You can erase those people be 
like, oh wasn't it wasn't the 

947
00:47:29,800 --> 00:47:31,500
same company, wasn't Ben 
Silverman? 

948
00:47:31,500 --> 00:47:34,600
No, I mean that's I doubt been 
would put up much of a fight. 

949
00:47:34,700 --> 00:47:36,500
I have this point about that. 
So, yeah. 

950
00:47:36,500 --> 00:47:39,100
I think it's, I think there's so
much more opportunity there. 

951
00:47:39,100 --> 00:47:42,100
There's so much less resistance 
and I think you'd have more fun 

952
00:47:42,100 --> 00:47:45,300
Tom to your point. 
The market cap is only fourteen 

953
00:47:45,800 --> 00:47:48,900
point six billion dollars 
brightest 34. 

954
00:47:48,900 --> 00:47:51,300
So easier to line up that 
financing or at least pretend 

955
00:47:51,300 --> 00:47:52,800
that you've lined up that 
financing. 

956
00:47:53,100 --> 00:47:55,800
And by the way, it's an image 
based platform very mean 

957
00:47:55,800 --> 00:47:57,800
friendly. 
I know you, Gamzee Lon. 

958
00:47:58,000 --> 00:48:00,600
Oh yeah, and I'm sure I want to 
know what pepper the frog is 

959
00:48:00,600 --> 00:48:03,000
doing for his wedding. 
Mmm, exactly. 

960
00:48:03,000 --> 00:48:05,500
Yeah, yeah. 
Pepe is like Apartment Therapy 

961
00:48:05,500 --> 00:48:06,800
redesign. 
Mmm. 

962
00:48:07,700 --> 00:48:09,700
Yeah, I think we've solved it. 
Frankly. 

963
00:48:10,200 --> 00:48:12,000
I like this. 
A lot more elegant than the 

964
00:48:12,000 --> 00:48:14,800
Twitter thing does. 
Anyway, this is actually going 

965
00:48:14,800 --> 00:48:16,700
to happen interest. 
I'm Pepe the Frog getting 

966
00:48:16,700 --> 00:48:18,400
married. 
No, the Twitter acquisition or 

967
00:48:18,400 --> 00:48:21,400
what was spinning forward? 
For one minute? 

968
00:48:21,500 --> 00:48:22,700
We could do this in five 
minutes. 

969
00:48:22,700 --> 00:48:25,500
I think Ilan. 
This will fizzle out by the end 

970
00:48:25,500 --> 00:48:28,100
of this coming week. 
I think it will probably head 

971
00:48:28,100 --> 00:48:29,700
towards some sort of an auction 
phase. 

972
00:48:29,700 --> 00:48:33,300
And I would bet that by the end 
of the year, Twitter is probably

973
00:48:33,700 --> 00:48:35,800
is probably owned by the private
Equity or some shit. 

974
00:48:35,800 --> 00:48:37,200
I think they're going to have to
get towards some sort of an 

975
00:48:37,200 --> 00:48:38,100
object. 
Why Thomas? 

976
00:48:38,100 --> 00:48:42,300
Bravo is looking at it? 
I saw a story Thoma Bravo, it's 

977
00:48:42,300 --> 00:48:44,900
embarrassing for my job. 
You don't want to take that? 

978
00:48:44,900 --> 00:48:46,200
Yeah. 
All the Bravo's. 

979
00:48:46,700 --> 00:48:48,300
Yeah. 
Right mr. 

980
00:48:48,300 --> 00:48:50,300
And mrs. 
Bravo or interesting right now. 

981
00:48:52,100 --> 00:48:54,800
Yeah, I think they're, I mean, I
do think it does lay bare. 

982
00:48:54,800 --> 00:48:58,700
The fact that this is kind of 
strategically moribund company 

983
00:48:59,000 --> 00:49:00,700
that there has. 
There's no, there's no one 

984
00:49:00,700 --> 00:49:03,600
really at the helm. 
Clearly at this point, Ilan will

985
00:49:03,600 --> 00:49:05,700
either lose interest or just 
realize, it'll be a lot more 

986
00:49:05,700 --> 00:49:07,000
work. 
That's kind of the same thing. 

987
00:49:07,600 --> 00:49:09,800
And I think it's going to head 
towards some sort of an auction 

988
00:49:10,000 --> 00:49:13,000
phase and maybe it'll get 
acquired by Microsoft or 

989
00:49:13,000 --> 00:49:14,900
something like that. 
Disney. 

990
00:49:14,900 --> 00:49:17,500
Maybe we'll what Katie did you 
you think it overcomes an 

991
00:49:17,500 --> 00:49:18,800
teacher? 
Like, do you think this gives 

992
00:49:18,800 --> 00:49:21,800
Twitter an excuse to be able to 
be acquired by a company that 

993
00:49:21,800 --> 00:49:26,300
otherwise would face antitrust? 
Screw no, no absolutely no. 

994
00:49:26,400 --> 00:49:31,100
I mean, Feels so unfair it's 
like oh yeah like Google can 

995
00:49:31,100 --> 00:49:34,100
acquire it still even though 
it's like there's I don't know 

996
00:49:34,100 --> 00:49:36,600
but why would Google want it? 
I mean that's that's the other 

997
00:49:36,600 --> 00:49:44,000
thing like Twitter is a platform
that is losing users that is not

998
00:49:44,000 --> 00:49:45,600
really that interesting. 
Unless you're willing to 

999
00:49:45,600 --> 00:49:48,800
dedicate huge swaths of your 
brain, to be able to understand 

1000
00:49:48,800 --> 00:49:51,400
the weird construction of the 
conversation. 

1001
00:49:51,800 --> 00:49:53,900
It's the kind of place you go 
when you want to kind of like 

1002
00:49:53,900 --> 00:49:56,600
hate somebody but you just need 
someone to hate and you don't 

1003
00:49:56,600 --> 00:49:59,400
have someone from Twitter tells 
you who to hate like I'm just 

1004
00:49:59,400 --> 00:50:01,600
not really sure why like Disney 
would want to bring that on as 

1005
00:50:01,600 --> 00:50:04,200
part of its brand, if you want 
your brain to feel like it's 

1006
00:50:04,200 --> 00:50:07,700
like a slot machine, we like 
after years of it dizzy, you 

1007
00:50:07,700 --> 00:50:12,800
know, that I go there, I guess 
I'm gonna predict the Elan does 

1008
00:50:12,900 --> 00:50:17,000
acquire the company only because
I can't imagine it going to a 

1009
00:50:17,008 --> 00:50:19,300
private Equity Firm because 
there's no exit from it. 

1010
00:50:19,300 --> 00:50:22,900
And it does not turn enough like
steady cash flow to leverage off

1011
00:50:22,900 --> 00:50:25,600
of it and it has a PE ratio of 
almost 50. 

1012
00:50:26,100 --> 00:50:29,600
So I just A kind of like why 
would I go to private Equity, 

1013
00:50:29,600 --> 00:50:31,000
Firm do that, maybe I'm totally 
wrong. 

1014
00:50:31,000 --> 00:50:34,200
Maybe Silver Lake will just take
care of the situation because, 

1015
00:50:34,400 --> 00:50:36,800
you know, they feel like they 
have a job, it would be with 

1016
00:50:36,800 --> 00:50:38,700
with you. 
Yeah, I mean so like I thinki 

1017
00:50:38,700 --> 00:50:42,200
Lon oh I didn't know that silver
like was Pro Ilan, that's the 

1018
00:50:42,200 --> 00:50:44,400
reporting. 
I don't I'm a little shy. 

1019
00:50:44,400 --> 00:50:49,200
I just I'm just going to say 
Ilan takes over the company and 

1020
00:50:49,500 --> 00:50:54,600
hastens the demise of Twitter as
both employees and like normal 

1021
00:50:54,600 --> 00:50:58,200
user must flee. 
So that people who are the power

1022
00:50:58,200 --> 00:51:01,400
users who really want to like 
either on one side of the 

1023
00:51:01,400 --> 00:51:03,200
equation. 
You have people who want to talk

1024
00:51:03,200 --> 00:51:06,300
about how much they hate 
liberalism, that's great. 

1025
00:51:06,300 --> 00:51:09,500
They can they can run roughshod 
over the platform. 

1026
00:51:09,600 --> 00:51:11,900
Trump can come back, cool. 
Then they're going to be the 

1027
00:51:11,900 --> 00:51:14,400
people who are like just 
constantly trying to cancel 

1028
00:51:14,400 --> 00:51:17,400
other human beings. 
Like, who can we get fired? 

1029
00:51:17,400 --> 00:51:21,200
Welcome to come on world view 
fully to the test. 

1030
00:51:22,200 --> 00:51:25,800
And then, you know, it's three 
years, when Twitter has 10 

1031
00:51:25,800 --> 00:51:28,700
million of them, Was horrifying 
user, isn't that? 

1032
00:51:28,700 --> 00:51:30,500
It's all they have left a 
flatworm. 

1033
00:51:30,700 --> 00:51:32,700
That's, that's, that's perfect, 
that's fine. 

1034
00:51:32,800 --> 00:51:36,600
That's my prediction. 
Grimes is a capitalist. 

1035
00:51:36,600 --> 00:51:40,800
Now, by the way, you see them 
weli, I read her Vanity Fair 

1036
00:51:40,800 --> 00:51:42,300
interview. 
She didn't say anything about 

1037
00:51:42,300 --> 00:51:44,500
that. 
She she had the secret baby. 

1038
00:51:45,100 --> 00:51:46,200
Yeah. 
All right. 

1039
00:51:46,200 --> 00:51:48,300
All right. 
This is you guys all on. 

1040
00:51:48,500 --> 00:51:50,100
Yes, you guys. 
All in truth, social? 

1041
00:51:50,200 --> 00:51:52,900
Yeah, actually, I'm just gonna 
text you guys. 

1042
00:51:52,900 --> 00:51:56,300
Like we always do. 
That's true signal. 

1043
00:51:56,300 --> 00:51:57,800
It is. 
I was Ever happy with my Twitter

1044
00:51:57,800 --> 00:52:00,300
username. 
So if I can get in on the next 

1045
00:52:00,500 --> 00:52:03,300
you know newer platform and get 
at dote on which I've always 

1046
00:52:03,300 --> 00:52:05,500
wanted. 
I would be I'll take whatever 

1047
00:52:05,500 --> 00:52:06,900
flow. 
Yeah, you gotta move fast. 

1048
00:52:07,900 --> 00:52:11,900
When Ilan buys Twitter, you can 
buy from Elan at dote on. 

1049
00:52:11,900 --> 00:52:14,500
You see outbid the other should 
be a market for everything. 

1050
00:52:14,500 --> 00:52:16,700
Exactly. 
I can't get newcomer for some 

1051
00:52:16,700 --> 00:52:19,400
reason. 
Yeah, I'm saying just try to 

1052
00:52:19,400 --> 00:52:21,600
angle towards the new platform 
and get the name that you want 

1053
00:52:21,600 --> 00:52:23,500
and then that'll be the ultimate
irony, right? 

1054
00:52:23,500 --> 00:52:26,000
It just like, you know, finally,
Trump gets you gets re-elected 

1055
00:52:26,000 --> 00:52:28,100
in 2024. 
And Twitter is just a shell of 

1056
00:52:28,100 --> 00:52:30,200
itself that he's back on the 
platform. 

1057
00:52:30,200 --> 00:52:32,400
And it's just like the same 
people that run truth social. 

1058
00:52:33,800 --> 00:52:35,100
Well, I'm excited for the big 
Twitter. 

1059
00:52:35,100 --> 00:52:37,300
True social murder. 
That's true. 

1060
00:52:37,500 --> 00:52:38,600
All right, we'll see you guys 
there. 

1061
00:52:40,000 --> 00:52:52,700
Goodbye, 
goodbye, goodbye, goodbye. 

1062
00:52:52,700 --> 00:52:55,000
Goodbye, goodbye, goodbye. 
Goodbye.