Transcript
Live. From Joe Rogan's basement. It's a word heavy Thursday, edition of business nuggets showing is always by exhaustive ml lurking in miserly, Matt mascardi. I'm what you get when you cross a turkey with a duck and a chicken and today's unheavenly bag called February 3rd, 2022, Damion and Emma go billionaire, snark, fishing markets, angry and Emma continues to crush on the metaverse one. Yeah, she went for the first time. Can you imagine if the metaverse offered? Taco Bell. Emma would basically die happy. Wow, I can't wait for my Epitaph to read loves the metaverse and Taco Bell. because apparently that's what it will you Here we go. Here's the headline. Billionaires get rare shot at NFL Glory with Denver Broncos sale. So like oddly sexy, it's a weird headline. This Bloomberg article is 764 words on word 714 The article finally mentioned Brian flores's lawsuit. Accusing the NFL verses pervasive racial bias, that was announced yesterday. Hmm. This is how Bloomberg describes that lawsuit. This is the only sentence that uses to describe it according to Flores. Dolphins owner Stephen Ross, the billionaire real estate, developer instructed him to tank as many games as he could during the 2019 season dangling, a 100,000 reward for each loss. What? Yeah, that, yeah. That's the summation of that's it. That's that, that was the lawsuit. All right, a few things. I'm angry at Bloomberg. Here we go. Number one, it took three people to write this article. Number two, it is magically tone. Deaf the lawsuit, explicitly States in certain critical ways. The NFL is racially segregated in his managed much like a plantation. It's 32 owners. None of whom are black prophet Samuel substantially from the labor of NFL players, 70% of whom are black but so running a gossip call him on which white dude. Billionaire might buy the Broncos, why not embrace the moment and Ponder the NFL's. First black ownership group. What about the tanking? The article even cites all Shucks. Funny white, dude quarterback Peyton Manning as one possible buyer. How about gasp? Speculating on an ownership group consisting of former black players where do they former black? Or they former players who are currently black, I'm just saying Bloomberg. We Are One Day removed from a potentially culture shifting moment in the NFL and you're relying on your decrepit. Role decks of creepy billionaire names like Jeff Bezos and Donald Trump. Yes, both names cited in the article, black side note. This actually has nothing to do with you Bloomberg. The NFL spent four months. Investigating deflated balls. In 2015, but it took only two hours. For the NFL to conclude that floors is racial bias claims are quote without marriage and quote. Sounds like a bunch of pharaohs investors. Am I right? Tim Draper oh this is called extremely awkward and inelegant foreshadowing. Oh well, I like when you get angry but today's special for me too because I am reintroducing a segment. I used to do Called anger nuggets, beautiful. Love it. why learn the news when you can rant the news, Here, you're doing headlines Facebook, lost daily users for the first time ever. And Facebook says, Apple iOS. Privacy change will result in 10 billion Revenue hit this year. First off I should be giddy about both of these first off misleading, headline alert, a headline, reading Facebook, lost daily users for the first time ever. Made me positively giddy when I did read it. It's a fake public company. Headed by a College Dropout, dictator sporting libertarian. Peter Thiel parrot on his shoulder losing that's like the governance equivalent of standing up after sitting in the center row of a nine-hour American Airlines flight. It's awesome. It feels great but that feeling lasted a whopping 12 seconds because I actually read the fucking article. Here's the third sentence in the article. Quote, the number of users active on Facebook each day dip ever. So slightly from 1.93 billion to. Wait for it 1.929 billion. That's the number they used. That's the number they use. What a fucking point was headline. Not only does the article not include Instagram or Whatsapp both of which are still growing, but can you even say dipped for a 0005 percent drop? What the hell is that? Who cares? Don't make me. This is why I'm angry. Don't make me Revel in the demise of a company that still on aggregate has more users overall than it did is entering the slimy Waters of the metaverse and basically is a throwback to the 1800s where everyone can still use the n-word in 3D grop your Happy Cow Avatar. When the reality is Facebook is still learning. I hate that. Headline. Number two. This one, I like. The anger I reserved for headlight. Number two is actually for our very own lurking. Oh good, finally. Hi. Can we can we, can we just take 30 seconds to celebrate the fact that apple Forced labor employing, Mega distraction company. One day decided that users might actually value not being digitally tracked on their way through the non metaverse, which is now that's actually what I'm calling Earth from now on the metaverse. Okay. And by that one decision will cost The College Dropout in Chief 10 billion dollars this year. That's on that's on revenue from 70 billion dollars last year. So Facebook just admitted that basically rooting through your trash can outside and collecting your used YooHoo bottles and expired. Eczema medication is worth 10 billion dollars, and just for reference 10 billion dollars is all of what Nordstrom made last year. Facebook is losing an entire Nordstrom because Apple told it to stop peeping through your window. Emma. Can we now celebrate Apple a little bit putting aside labor issues and whatever just for one second because Regulators users advertisers and investors have all failed to do at Apple. Just did with one tiny rule, which is to kick Zuckerberg. Right in the crock. Those are the anger nuggets for today. And before you speak, I can see your ears. And celebrate. Look, I'm I am happy about that. You're right. I can celebrate that for Apple. But it's also concerning on a novel on another level that they have so much power and can do that anyway. Moving on, here's the headline. World's super rich Drive 77 percent surge in super yacht sales last year. I know this isn't usually my thing, but it's populist math time. Yeah, 887 super Yachts were sold in 2021. The average price of a super yacht is about 225 million dollars. So 200 billion dollars were spent on super Yachts. This year that money would have solved world hunger. According to the UN estimate 33 times just saying, I'm just saying but sadly, there don't seem to be quite enough super to go around pesky supply. Chain issues for custom built boats and it depleted second hand Market are leaving. Poor billionaires, scrambling for ocean polluting monstrosities of their dreams, Steven Spielberg, just listed his old yacht for 150 million to make room for his new yacht. Steven obviously needed an upgrade, but this brings me to my second nautically nauseating, headline of the day regarding another high-profile super yacht owner. Thank you. This is a good one. I like Jeff bezos's new super yacht to force. Dismantling of Dutch Bridge Jeff's. Yeah, we got sent this by Elizabeth. We got sent this by a lot of people multiple multiple sources. Jeff's 417 foot sailing yacht called. The y721 was built in the Netherlands, and is currently stuck there because some stupid culturally and historically, important bridge is in its goddamn way. So in, in order to get to the ocean, the boat must pass through the deaf bridge in Rotterdam. But as far as Rotterdam politicians even Lewis. So beautifully said, this is really going A Bridge Too Far. Thank you, Steven, for all jokes that I don't have to. I also want to positive at the end of this, that the company that built the yacht is actually the one paying for the dismantling of the bridge. It's not the city, not Jeffy, not Jeffy, it's not the idiots, the company. Okay, celebrate. Can I just add historically speaking? Only two entities have fucked with that bridge. This is historical speaking. This is not, I'm not like I'm not a pining, it's the Nazis know, don't laugh. This is fact, this is fact-based snark here. The Nazis. And Jeff Bezos. You're just saying that. I got its What more popular stuff? Saying he's a blank, blank ball. All right, here we go. All right, that's it. On my super option. Speaking of silver spoonie, super yacht enthusiast. let's just end the show their one of the First Investors in Friday shammy theranos billionaire. Investor Tim Draper says he's still respects their nose and convicted founder Elizabeth Holmes last month he said This verdict makes me concerned that the spirit of Entrepreneurship in America is in Jeopardy. If this scrutiny happened to every entrepreneur as they tried to make this world a better place, we would have no on mobile. No smartphone, no, antibiotics, and no automation. more recently, he chimed in with It's almost anti-American to go after somebody who's trying to, as she said, change Healthcare, as we know it, that's a crazy. I said that's a, that's a beautiful quote. He also said that theranos was attacked by the media too early and that it was forced to sort of fail, sort of fail. And when asked, if he would still write home to check, if he could go back in time, Draper said, I don't think I'm allowed to go back to 2003. I don't have a time machine. So clever. This guy that is clever. It's worth noting that Draper stick argument to go back in time. It's worth knowing that Tim Draper is against sarbanes Oxley regulations, the law enacted as a reaction to a number of major corporate and accounting scandals including Enron and Worldcom in fact the bill passed 97 to 0 in the Senate on the same day. In 2002, the Worldcom revealed, it had overstated its earnings by more than 3.8 billion dollars. That's almost like 40% of a Nordstrom. The only thing that would pass the Senate 90.7 to 0 today would be a bill on spelling, the word Bill b, i l l I'm actually not convinced of that. Yeah, even that might be a contest battle. My hat is off to you. Tim Draper, I hear the Broncos are for sale. Something tells me you're the NFL's ideal kind of owner. You might want to look into that. Innovation. But speaking of ownership, do you love debt? Do you? I do Rave that delicious feeling of tethering yourself to a bank for the next 30 years of your life. You probably already have an IRL mortgage, but have you ever considered a virtual mortgage? If not, I really don't mortgage, I get a call at that. Allow me to introduce you to a metaverse mortgage. That's right. You can finally rack up real debt for fake property and a fake reality. Yay. Just give Tara a call, they develop aquarium Finance, metaverse projects in multiple metaverses. In fact, they just sold their first metaverse mortgage for a 45,000 dollar commercial land. Parcel in the Entertainment District in Matt's metaverse of choice, decentraland. Yeah, right here. But I would like to add all. This is real. I mean, yeah. And they all sound ridiculous. Yeah, but this is real like they just did sell a mortgage for 45,000 dollars for a piece of land in an Entertainment District in a metaverse. I'm just saying yeah and look, this is a bit and it sounds like a bit but it's also very real is the sad thing. But just said that the details about this metaverse mortgage, which I'm renaming meta, mortgage. I'm sorry, it's right there. Someone has to take it. It's not that clever. I'm a detail. It's just easier. Details are scarce. Unfortunately, it's a two year loan. There's a credit. Check the amount of the significant down payment is unspecified and Tara zero wouldn't reveal the interest rate on the loan and that's the part where I'm look all this. Sounded great to me. Obviously this is all perfect and amazing but when I didn't heard that there was no interest rate interest rate specified, I was pissed but Tara zero CEO, Dan rettssak said this about metaverse mortgages And I quote everybody wins, young people can't own properties in the real world right now, but they can certainly own properties in the metaverse. This, in this case, I think everybody actually means zero. Yeah, I'm feeling great about my propensity for virtual property but I ended up taking a little trip to visit the parcel of decentraland property does Tara owns and I was immediately immediately brought to what seemed to be a whole of painting's in videos of virtual naked, women, And on that note, I think my avatar and I are gonna go take a nap because frankly, I'm a little metaverse out. That's it. I know your grandma. Your grammar sucks a little bit because you show me a picture. It doesn't, it doesn't seem to be. It is it's a haul of paintings and videos of virtual know all for sale. Yeah. All for sale as nfts by the way and this show isn't nft because you're listening to a digitally. So is that true? Is that the way it works? Get your mortgage on free flow media. We are free float media. That is Damian, Rawson. Scotty today was an angry batch of Terror nuggets is really what it was if you want more, but better come tomorrow because tomorrow is one, we have fancy expert time with our fancy expert. Emily Chu for Morgan Stanley's last Calvert. And she's going to play the good game with us. If you like the good game or anything real in good, you should check that out. Otherwise tune in later for more bees nuggets, goodbye.