Andrew Tate and Brother Charged with New Sex Crimes. "It's Epstein in Real Time" | Pivot

1. 0:00 – 0:20

   Intro

   1. SGScott Galloway0:00

      It's like Hunter Biden selling crack on the White House lawn, just like being that brazen.

   2. KSKara Swisher0:06

      [upbeat music] Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Kara Swisher.

   3. SGScott Galloway0:14

      And I'm Scott Galloway.

   4. KSKara Swisher0:16

      Scott, how was it? The game.

   5. SGScott Galloway0:18

      It started off

2. 0:20 – 3:47

   World Cup Final

   1. SGScott Galloway0:20

      slow. First half was kind of a sleeper, and then the second half was great.

   2. KSKara Swisher0:24

      Yeah.

   3. SGScott Galloway0:24

      And, uh, so yeah, it was, it was great to be there. I took my boys.

   4. KSKara Swisher0:28

      What was the vibe of the place?

   5. SGScott Galloway0:30

      You know, the Argentinian fans are incredible, and the Spanish fans are, are hot. So generally speaking, um, you know, check, check, check. And MetLife did a good job. I will say this, I thought FIFA put on an incredible tournament in terms of touchpoints and graphics and vibe. Um, it was... You know, typically, the final is not the best game. What was unusual about the cup, uh, the tournament at Qatar was the final was the best game. It's like the Super Bowl usually isn't a very good game. Um, and this wasn't, this was an okay game, not a great game, but it's sort of like, quite frankly, I'm exhausted.

   6. KSKara Swisher1:07

      Did you li- not like the, the m- the, uh, the thing in the middle was a little bit jumbled. It was sort of like-

   7. SGScott Galloway1:13

      I didn't think it worked

   8. KSKara Swisher1:13

      ... I was like, "Where's Bad Bunny?"

   9. SGScott Galloway1:15

      I mean, when they, like, yell out Shakira and Elmo in the same breath, you're sort of like, "What's going on here?" It, it, it just felt like a dog's breakfast, and I just... Those things are hard to pull off. You gotta, you gotta try and please everybody and, you know, have somebody who's hit the charts, but it's also ethnically ambiguous, and then it's just, uh, that's a difficult one. But just, just to put some numbers around it, the, I think the business story, and I've said this for a while, that's gonna come out, you're just gonna see over and over, they're an advertiser, but they're gonna be, it's, it, they're gonna get, good or bad, they're gonna get a ton of awareness. The World Cup will be the largest gambling event in history.

   10. KSKara Swisher1:52

       Yeah, four, 5.6 billion.

   11. SGScott Galloway1:54

       Um, yeah.

   12. KSKara Swisher1:55

       Amazing.

   13. SGScott Galloway1:55

       And Calci did more, get this, than 31 billion in trading volume in June. That's up 87%-

   14. KSKara Swisher2:01

       Right

   15. SGScott Galloway2:01

       ... from May.

   16. KSKara Swisher2:02

       Right.

   17. SGScott Galloway2:03

       And the platform has declared one billion in daily volume every day since the tournament began June 11th.

   18. KSKara Swisher2:08

       Yeah.

   19. SGScott Galloway2:09

       And they say just the, um, World Cup volume, 23 billion. Polymarket set an all-time monthly record of 10.8. I mean, in just one game, USA versus Belgium drew 64 million on Calci.

   20. KSKara Swisher2:25

       Yeah.

   21. SGScott Galloway2:25

       And what, what's interesting here is that when you have this much money wagered on matches, they're no longer, it's no longer a gambling story. It's a capital market story.

   22. KSKara Swisher2:33

       Yeah.

   23. SGScott Galloway2:34

       And Calci's added three million users during the World Cup, and it feels like prediction markets are kinda becoming the Bloomberg Terminal [chuckles] for the-

   24. KSKara Swisher2:40

       But is that a good thing? Or just, it is thing. I get it's an is thing, but is it a good thing?

   25. SGScott Galloway2:46

       I generally think that wagering on sports is something that young men need to be educated about. I don't know if you can stop it. I don't know if you can ask someone to go fight for their country and then not wager on the Browns game. But I think there needs to be education, and I think it needs to be regulated because it does, it does prey on a more immature prefrontal cortex of a male. It does prey on an increasingly online youth, and it, it, there's just no getting around it if you look at the data.

   26. KSKara Swisher3:21

       'Cause they'll bet on anything, right? Once they get started, like they were betting on drug outcomes. It starts to get a little demented.

   27. SGScott Galloway3:28

       Well, that's, that's another... There's just the pure addiction element and the fact that when a state legalizes gambling, bankruptcies tend to skyrocket, and then there's the potential for insider trading.

   28. KSKara Swisher3:36

       Yeah.

   29. SGScott Galloway3:36

       I actually think that'll get arbitraged out when people realize if they don't have inside information-

   30. KSKara Swisher3:41

       Yeah. Well-
3. 3:47 – 8:58

   Grift Watch Alert!

   1. KSKara Swisher3:47

      um, White House teleprompter operator is being, long time, his teleprompter operator is being investigated over allegations he used inside knowledge for the president's speeches to earn over $100,000 on, I think it was Calci. That's right. And then Trump Media is gonna sell, uh, Wall Street traders investment firms as much as $100,000 a month for faster access to his posts on Trump Social, where he talks about what he's gonna do, and then he bets against. It's all, like, it's both insider trading, it's insiderness, it's gaming the system, and then it's possible addiction. So, I mean, I think betting is, can be fun. It's just this seems like on turbo, and especially when the president himself and his minions are all doing it.

   2. SGScott Galloway4:28

      I think one of the, or the most interesting thing that's not covered about these prediction markets is that we used to discover information through traditional media and journalists.

   3. KSKara Swisher4:34

      Sure.

   4. SGScott Galloway4:35

      Now we discover it through markets.

   5. KSKara Swisher4:37

      Yeah.

   6. SGScott Galloway4:37

      And when enough people have money on an outcome, markets often become the fastest aggregator of truth. I use data from prediction markets more than I use data from traditional news outlets now. I, I, whenever it's about politics or predicting anything, this, this tends to be the data source I go to. So there's this weird, uh, neither good nor bad, it really is the wisdom of crowds has been monetized and is now being leveraged for data im- input for, for media companies such as our, such as ourself. The insider trading thing, like, [sighs] so people on both sides of the aisle engage in insider trading.

   7. KSKara Swisher5:21

      Yeah.

   8. SGScott Galloway5:22

      Trump came in and said, "You guys are amateurs. I'm g- I'm gonna make millions, not thousands."

   9. KSKara Swisher5:26

      Yeah. Yeah.

   10. SGScott Galloway5:26

       "Maybe even hundreds of millions."

   11. KSKara Swisher5:28

       Yeah.

   12. SGScott Galloway5:29

       And then just the brazenness of saying, this is tantamount to... So the Republicans will always say, and it's accurate, that Speaker Pelosi up 600% in the past 10 years, the S&P up 200%.

   13. KSKara Swisher5:42

       Right.

   14. SGScott Galloway5:42

       That clearly she had access to non, to material non-public information. But she didn't start a wire service sell, selling her inside information. [chuckles]

   15. KSKara Swisher5:50

       Yeah, right. [chuckles] I know. It's like-

   16. SGScott Galloway5:52

       I mean-

   17. KSKara Swisher5:53

       It's like Hunter Biden amplified, right? He just is like-

   18. SGScott Galloway5:56

       It's like Hunter Biden selling crack on the White House lawn.

   19. KSKara Swisher5:58

       Yeah.

   20. SGScott Galloway5:58

       Just, like, being that brazen.

   21. KSKara Swisher6:00

       Yeah. Oh, yeah.

   22. SGScott Galloway6:01

       It, it, and by the way, he hands down has the best, the best social in the world right now. Um, uh, very, very, actually very authentic talking about addiction. Anyways, the, I just can't... It, it, it, it goes, it, it goes back to the basic notion, if you com- gonna commit a crime, don't get a speeding ticket. Don't have an isolated incident.

   23. KSKara Swisher6:22

       Yeah, just keep going.

   24. SGScott Galloway6:23

       Commit double murder-

   25. KSKara Swisher6:24

       Yeah

   26. SGScott Galloway6:24

       ... and rob banks every fucking hour.

   27. KSKara Swisher6:26

       Yeah, I know. It really is-

   28. SGScott Galloway6:27

       And then everyone just doesn't know where to look

   29. KSKara Swisher6:28

       ... the teleprompter guy. The tele- Honestly, everyone's looking for an edge. It's such a grotesque-

   30. SGScott Galloway6:32

       That's a great story. [laughs]
4. 8:58 – 18:31

   Tate Brothers Arrested

   1. KSKara Swisher8:58

      and his brother, Tristan, have been arrested in Miami after British authorities issues 38 new charges against him, including allegations of rape and trafficking. Uh, these guys, I mean, there was obviously a big meme about his outfit, which was very strange. It was this strange sort of, you know, um, lady outfit. It was an odd outfit. Um, but I'm very happy they were arrested. For anyone who wants to read about them, you will understand that these people need to be thrown into jail and never let out again. Um, I'm so happy. I hope Trump doesn't try to stop them from being extradited to England, which is where these latest, um... They were, of course, uh, jailed in Romania.

   2. SGScott Galloway9:36

      Do you think he'll do that? I hadn't even thought of that.

   3. KSKara Swisher9:38

      Yeah, Trump could... He did. That's how, how do you think they got back here from Romania? Trump put the, put the pressure on Romania to let him out.

   4. SGScott Galloway9:44

      God, I think with all the shit he's under with, with Epstein, that's the last thing he'd do.

   5. KSKara Swisher9:49

      You know, Amanda got this right. This is Epstein in real time. This is Epstein in real time, like, in, uh, at, with the government letting these people off all the time. That's how they got back here. That's why they were parading in Maine in their lady outfits. These two are rapists and sex traffickers, and they, and, and child molesters. [laughs] I just, this is just the fact that the Trumps are so tight in them, with them. Um, JD Vance follows them. Um, they're, they're... It's not, there's one, there's manosphere is one thing. These two are, are, are predators and, uh, should be thrown into jail, and I'm glad Britain came after them.

   6. SGScott Galloway10:22

      Uh, I agree, though, and I, I don't, I know it's 38 new counts, and what I would say is that I, I'm glad that the justice system is taking over here. But the good news, in the lens I look at this through us- you know, to a certain extent, is that young men have moved on from the Tates.

   7. KSKara Swisher10:38

      Yeah.

   8. SGScott Galloway10:38

      They're no longer a thing.

   9. KSKara Swisher10:39

      Yeah.

   10. SGScott Galloway10:39

       The media has not, and I think it's good that they maintain coverage and that they're brought to justice for what are, would feel like, uh, just so many allegations that, that they're going to spend, you know, it's probably a pretty safe prediction that they may spend a decent part of the rest of their life in jail. The Crown Prosecution Service has added new charges.

   11. KSKara Swisher10:58

       Yeah.

   12. SGScott Galloway10:58

       Rape, human trafficking, indecent-

   13. KSKara Swisher11:00

       Yeah

   14. SGScott Galloway11:00

       ... images of child and assault.

   15. KSKara Swisher11:02

       Yeah, this is their thing. This is their-

   16. SGScott Galloway11:03

       And it brings their, it bring Andrew Tate's total charges to 42. They found a, uh, additional alleged victims in Bedfordshire and Hertfordshire, bringing the total number of accusers in the UK, um, case to seven. Both of them had dual US, UK, UK citizenship and are now awaiting extradition. The thing that doesn't get a lot of attention, and I think might be the reason they end up in jail, is people don't talk a lot about, uh, the actual business model. Um, and that is Andrew Tate didn't get famous from kickboxing or Big Brother. He, he, he may have gotten famous doing that, but he got rich teaching men to get rich teaching men to get rich.

   17. KSKara Swisher11:42

       Right.

   18. SGScott Galloway11:43

       He basically-

   19. KSKara Swisher11:43

       Yeah, one of those

   20. SGScott Galloway11:44

       ... Hustler's University.

   21. KSKara Swisher11:45

       Yeah.

   22. SGScott Galloway11:45

       And he had this bogus subscription, remind me of, like, Trump University, this bogus subscription education platform. And at one point, they think he had 100,000, uh, people, almost all men-

   23. KSKara Swisher11:57

       Right, learning how to be bad men

   24. SGScott Galloway11:59

       ... roughly at $50 a month at its peak. So $5 million a month in recurring revenue from basically an affiliate market pyramid scheme where the product was mostly more affiliate marketers. And, and the pitch was never subtle. Dominance, submission, and this thing called The Matrix as a worldview where women are property and violence against them is a lifestyle brand. They, they've really set young men-

   25. KSKara Swisher12:23

       Yeah, back

   26. SGScott Galloway12:24

       ... the, the few-- And I wanna give more m- young men more credit than just believing everyone-

   27. KSKara Swisher12:28

       Yeah

   28. SGScott Galloway12:28

       ... was a Tate fan.

   29. KSKara Swisher12:29

       Yeah, they are.

   30. SGScott Galloway12:30

       But the scary thing about that part of the manosphere, and what was so mendacious about it, is it would start off okay. Be fit, be action-oriented, take control of your economic life, and then it just became about dominance and misogyny and crime in a grift.
5. 18:31 – 27:11

   SpaceX Stock Tumble

   1. KSKara Swisher18:31

      stock is no longer blasting off. Let's use a rocket term. Shares of the company are down almost 23%, wiping out almost a trillion dollars in market value. One could say that it was overvalued, and it's not really wiping it out. It's just coming down to where it belongs. As we tape, the market cap for the company is 1.63 trillion and going down. The short squeeze is quite heavy on here. Let's listen to what you said, uh, about the stock in early June.

   2. SGScott Galloway18:53

      I think SpaceX is about to hit a 10-year high on the minute it goes public, meaning it'll be all downhill from there.

   3. KSKara Swisher19:00

      Yeah, I think you got this. And, um, so talk about what's happening here and the short squeeze, what's, what's occurring. I think most of the float, which is very small at this moment, um, is devoted to short sellers. So explain the situation.

   4. SGScott Galloway19:13

      Uh, I think Elon Musk will be remembered as arguably the greatest engineer in his sector, but that sector is not space or EVs. That sector is the financial markets. He has engineered in, in concert with Goldman and JP Morgan, a means of creating demand, whether it's this, this will be a good trade or it's Elon. Elon always gets his investors back. Or look at all these pictures of rockets, look at all this flowery WeWork-like language about the world being an interstellar species or an interplanetary species. Constrain supply and an unprecedented valuation. Just not... We've never seen anything like this. Call the president or call whoever, get included in the Nasdaq 100, get demand that no IPO has ever been fortunate enough to register. Uh, now, everyone wa- talks about, okay, they've lost a trillion dollars in market value, but it's still worth [laughs] $1.6 trillion.

   5. KSKara Swisher20:07

      Some would say it's a $35 stock.

   6. SGScott Galloway20:09

      Yeah, it's, it's not a broken company. It's a reminder that gravity eventually applies to stocks, too. And th- this is, this is what IPOs have become, and that is they're no longer an opportunity for retail investors to participate in America's greatest companies. They don't create value, they transfer... They no longer create value, Kara, they transfer value from optimistic public investors to early private investors. Because as someone who's on or been on the board of a lot of private companies, there's so much capital available in the private markets that if the people who really know the company and the sector well think, "You know what? There's still a lot of growth and value here"-

   7. KSKara Swisher20:47

      They stay

   8. SGScott Galloway20:48

      ... they keep it all for themselves, and they find their own capital-

   9. KSKara Swisher20:51

      Yeah

   10. SGScott Galloway20:51

       ... and they invest.

   11. KSKara Swisher20:52

       Right.

   12. SGScott Galloway20:53

       And they don't need to access the pub- If you wanted to raise a couple hundred million bucks like Google did back when they went public in the '90s, you had to go public. VCs and institutional investors didn't have that kind of capital. Now, the only... Basically, I've said this for a while, the IPOs have now become the last stop on the chump train, and that is, okay, we don't think there's upside anymore here. Uh, basically, it's a means... It's like showing up to a... An IPO right now is like showing up to a poker game after everyone else already knows each other's cards.

   13. KSKara Swisher21:27

       Ah, and then you're the chump.

   14. SGScott Galloway21:28

       And it's like that whole thing, if you don't know who the dumbest person in the room is, it's you. Now, having said that, if you can get in on shares at the pricing, like from a, your i- investment bank or an institutional investor or whatever it is, there's these guys engineer a one-day pop. If we had a real, a real SEC chair coming in, I think a really solid review of the IPO process-

   15. KSKara Swisher21:54

       Of this company

   16. SGScott Galloway21:55

       ... or even, even tokenization, even let's throw a bone at the crypto guys, maybe they should tokenize private companies, put it on the blockchain, and create a level of transparency and disclosure using AI that more people can participate in these companies pre-IPO. But the IPO process itself-

   17. KSKara Swisher22:12

       Is now a transfer of wealth. Yeah

   18. SGScott Galloway22:14

       ... well, it, it, and not only that, it kind of de- it kind of defines the term rigged.

   19. KSKara Swisher22:19

       Explain what the short sellers are doing here and why the, this float is... So they kept the float tight in order to create the pop, correct?

   20. SGScott Galloway22:26

       Uh, so first off, okay, they waived the rule it was included in the Nasdaq 100. They also waived another rule. Typically, when a company goes public, it has to float a certain amount of the company. With this, although they raised, although they raised $80 billion on a $2 trillion market cap company, that means only 4% of the firm's shares were available.

   21. KSKara Swisher22:45

       Right. Squeeze.

   22. SGScott Galloway22:46

       And they've have, they have all sorts of staggered lockups. They have effectively soft lockups-

   23. KSKara Swisher22:51

       Yeah

   24. SGScott Galloway22:51

       ... that if you buy through certain platforms, you get banned from the platform if you-

   25. KSKara Swisher22:55

       If you sell

   26. SGScott Galloway22:55

       ... sell the stock, which is, they don't wanna call it a lockup because that would violate certain SEC conditions and create a different class of stock, so they created a way or a workaround that's effectively a lockup. But people basically, th- this is one of the most shorted stocks in history now because people are betting it's gonna go down, and what people do is they borrow stock and say, "I'll sell it back to you at the same price for a fee," and they're hoping that it'll go down, and they have to, they get to sell it back to you at the price when they initially shorted the stock. It's dangerous because any move up creates a short squeeze, and it can, you know, it can create velocity on the way up.

   27. KSKara Swisher23:27

       Which E- Elon has battled before with Tesla and other things. He, th- he and short sellers have been in a, a lifelong fight over the valuations of his companies.

   28. SGScott Galloway23:37

       Yeah. This is, look, this is a company that is, uh... And, and every time I say this about Musk, I'm wrong. And to be fair, Musk has delivered in spades for his investors. The people who invested in Twitter, it's like they must have thought, "I'll write this thing off," and he's, like, figured out a way to stuff it into SpaceX and talk about rockets, and those people now have a chance to get their money out. But here's the thing, I believe they're going to get their money out, and there's gonna be an enormous number of investors who've made a lot of money, to be fair, a lot of private investors, and it will create some economic growth. I, uh, I got... A friend of mine from one of the investment banks said that there are 12 new billionaires just in Texas. You know, the IPO market and capital formation in the US, and SpaceX is part of this, is a marvel.

   29. KSKara Swisher24:22

       Except they may not be, stay billionaires, right? M- Elon's no longer a trillionaire now at this point in time.

   30. SGScott Galloway24:28

       Oh, yeah, okay, but still.
6. 27:11 – 45:17

   China’s New AI Model

   1. KSKara Swisher27:11

      uh, in that topic, China's once again staking its claim in the AI race. This is a really interesting story, something we've talked about a lot. Chinese startup Moonshot AI just unveiled a new open source model called Kimi K3, which the company says can match top models from OpenAI and Anthropic on important benchmarks. Moonshot has priced the model at $15 per million output tokens. That's cheaper than Anthropic's Fable 5, which costs $50 for the same level of output. AI and semiconductor shocks dropped on this news, similar to what we saw with DeepSeek last year. Scott, this, uh, before we discuss this, I wanna play a prediction you made last December about China AI and Trump. Let's listen.

   2. SGScott Galloway27:49

      I think China's about to go for the jugular here, and I think that they're going to massively engage in what I'll refer to as AI dumping, and that is these open weight models. These models, uh, are just much cheaper, lower power consumption, and everyone from Airbnb to other Fortune 500 firms are starting to recognize that these things are lower cost. And, uh, I think essentially China's gonna say, "Okay, the fastest way to kick this guy in the nuts is that he's made a giant bet on AI, including the S&P and his entire economy on AI, and we're just gonna start dumping AI into the US market."

   3. KSKara Swisher28:22

      So great prediction. Um, I wanna talk about how concerned are US companies. They're, of course, calling it AI communism, one of them, one of the, one of the top people, um, about what China's doing.

   4. SGScott Galloway28:32

      What does that mean? Centrally planned AI? What does that mean?

   5. KSKara Swisher28:34

      Well, so they, they're giving, giving it away for free, everybody-

   6. SGScott Galloway28:37

      Yeah

   7. KSKara Swisher28:37

      ... and benefiting society.

   8. SGScott Galloway28:38

      You know, that's called dumping. There's nothing more capitalist than trying to consolidate markets.

   9. KSKara Swisher28:42

      So Trump's former AI czar David Sacks called this new model concerning and argued US is setting itself back with regulation, saying, "This is how you lose the AI race." There is no regulation, David, so I don't know what you're talking about.

   10. SGScott Galloway28:54

       Well, I think he's talking about the data center more time in New York.

   11. KSKara Swisher28:56

       Oh, the data, whatever. It doesn't matter. It is... This is not why the... This is not the problem, David.

   12. SGScott Galloway29:01

       No, I agree.

   13. KSKara Swisher29:01

       The problem is these costs. Uh, so Scott, go for it, 'cause you really did. I, uh, this has stayed with me when you started talking about it last year, and I remember thinking, he's dead right about what China's gonna do here. And you're right. It's not AI communism. It's AI capitalism is what's happening.

   14. SGScott Galloway29:17

       Kara, this is the biggest story that's go-

   15. KSKara Swisher29:19

       Yep.

   16. SGScott Galloway29:19

       This is the business, business-

   17. KSKara Swisher29:21

       Kimi

   18. SGScott Galloway29:21

       ... the biggest business-

   19. KSKara Swisher29:22

       Kimi

   20. SGScott Galloway29:22

       ... story that is getting the least coverage.

   21. KSKara Swisher29:24

       Yeah.

   22. SGScott Galloway29:24

       And that is everyone thought the AI race would be won by the company with the, the smartest model, and increasingly it's looking like it'll be won by whoever can drive margins to zero the fastest. China isn't going to beat OpenAI, uh, in a frontier model, a premium AI.

   23. KSKara Swisher29:40

       Yeah.

   24. SGScott Galloway29:40

       That's not what they're trying to do here.

   25. KSKara Swisher29:41

       Yeah.

   26. SGScott Galloway29:42

       They're trying to make premium AI economically irrelevant. Moonshot pricing AI at roughly 70% below comparable frontier models, it's not competition. It's-

   27. KSKara Swisher29:53

       Dumping

   28. SGScott Galloway29:53

       ... get used to the word. Exactly. It's AI dumping, folks.

   29. KSKara Swisher29:57

       Dumping. Yeah, dumping.

   30. SGScott Galloway29:58

       And this is what China has done. This is just like, for God's sakes.
7. 45:17 – 58:05

   Netflix Struggles

   1. KSKara Swisher45:17

      Netflix shares just hit a 52-week low after the company's latest earnings report. Revenue and income were roughly in line with expectations, but investors were spooked by a third quarter revenue forecast that raises concerns about growth. Another red flag, engagement. This has been really the talk of lots of people. Ted Sarandos hit back at those sophomore slump viewership drop-off reports, saying it's very common in the industry, and Season Two falloff has actually improved this year. Netflix also says subscribers watched 97 billion hours in the first half of the year, up 2% from last year. Now, 2% is not that great, but the company is cutting back on, on what we watch reports, now releasing data only once a year instead of twice. Um, uh, they're o- obviously thinking about live TV channels. They got podcasts on there. They're doing short form stuff, subscription bundles they're thinking about, which they never thought they would do. Um, they're looking like TV to me, like, or, or whatever. They're looking like YouTube is what they're trying to do. So talk about what's happened here, 'cause they were sort of on a high, like they could do no wrong, and now people are sort of slapping at them pretty hard.

   2. SGScott Galloway46:20

      I didn't see this coming. It's a big, big story. I thought their stock... I thought the company was gonna be well-positioned to benefit from not spending $118 billion such that they could, you know, have Scott Pelley, like, get angry, or maybe they would. I mean, I, I think they dodged a bullet.

   3. KSKara Swisher46:34

      Well, they wouldn't have ever had... Well, no, they wouldn't have gotten CBS.

   4. SGScott Galloway46:36

      They wouldn't have handled it that way.

   5. KSKara Swisher46:37

      They wouldn't have gotten CBS. The C- C- CNN.

   6. SGScott Galloway46:39

      Yeah, right. That was Paramount.

   7. KSKara Swisher46:40

      Yeah.

   8. SGScott Galloway46:40

      Right, that was Skydance. You see what I'm saying, though? Like I, I... There's just no way you could have pulled off a big acqui- I, I think, I, I think they w- they showed real... The board and Ted showed real discipline walking away. [laughs] I d- I don't... It got to a point where it's like, "Okay, we're gonna be house poor here. We're gonna be trying to figure out ways for 10 years to f- figure out a way to show a return on this." To a certain extent, they become a v- If you look at the earnings call, it, they become victims of their own success. Wall Street's no longer asking, "Can they win?" They ask, "Can they keep winning forever?" I mean, and y- you, you talked about this. 97 billion hours watched, and that's unbelievable, but it's up 2%. And people are used to double-digit growth from N- Netflix. And the problem is it's not a startup anymore. It's becoming cable with a much better interface, and every media company eventually realizes the same thing, and that is attention is finite, and the next story growth isn't adding subscribers. It's owning more hours of your day. But they've made more progress against that than they get credit for. They're going into live sports. They're gonna have NFL games. They're actually bidding, which I care about, on the 2030, um, World Cup. I just did that Brian Williams thing that you did.

   9. KSKara Swisher47:52

      Yeah, yeah.

   10. SGScott Galloway47:52

       You know, we started talking about when we're gonna hang up our cleats, and he's like, "You know, when the fastball's no longer fast." And I'm like, "Oh, Brian."

   11. KSKara Swisher47:59

       Oh, Brian. [laughs] Oh, let's put those horses away wet and tired. [laughs]

   12. SGScott Galloway48:03

       Yeah, he's got just the-

   13. KSKara Swisher48:05

       He has a lot of them

   14. SGScott Galloway48:05

       ... the folksy. He's like, "Well, that's like having a moose in a convertible, you know?"

   15. KSKara Swisher48:08

       Yeah, yeah. [laughs]

   16. SGScott Galloway48:08

       I don't even know what that means, but it sounds very down home.

   17. KSKara Swisher48:11

       He does. [laughs]

   18. SGScott Galloway48:12

       Um, yeah, he's a very, uh... Anyways, very likable.

   19. KSKara Swisher48:16

       He's an affable, handsome fellow.

   20. SGScott Galloway48:16

       Yeah, just a nice, handsome guy. But look, the, I, I... The bottom line, this company, Netflix, has almost been cut in half, and I like a bottoms evaluation. It's trading at its lowest PE in a while. I think the company's a s- a buy here solely because, well, two reasons. One, it can j- it's the operating system for, for, for non-work hours, and every time, and this happened to Netflix three or four years ago, the stock was way down.

   21. KSKara Swisher48:47

       It did. It was.

   22. SGScott Galloway48:48

       And right now, the fear is the clip economy, that we're, we're-

   23. KSKara Swisher48:51

       YouTube. Yeah, YouTube is the fear.

   24. SGScott Galloway48:52

       We have a new-

   25. KSKara Swisher48:52

       YouTube is.

   26. SGScott Galloway48:53

       We have a new generation of people that don't-

   27. KSKara Swisher48:54

       Yeah

   28. SGScott Galloway48:54

       ... wanna go longer than two or three minutes, and that YouTube and that clips on Insta and Reels are gonna begin to soak all the time away. Their ad tier has actually done really well and is responsible for a lot of their new startups, which by the way, I thought was a bad idea. And the reality is Ted and his, God, what's the co-CEO's name? I don't give him enough credit.

   29. KSKara Swisher49:15

       Greg. Greg.

   30. SGScott Galloway49:16

       Greg, yeah, co-CEO of, uh, of Netflix. The bottom line is every time, uh, people, people talk about this company's overvalued and the stock gets hit, uh, Greg Peters Th- that it ends up being a buying opportunity
8. 58:05 – 1:17:50

   Wins and Fails

   1. KSKara Swisher58:05

      Scott, we're gonna do wins and fails. I shall... I don't know. I have two. I'm gonna have two.

   2. SGScott Galloway58:09

      Great.

   3. KSKara Swisher58:09

      Oh, no, actually, um-

   4. SGScott Galloway58:11

      Your show. Your show, lady. You do you.

   5. KSKara Swisher58:14

      I do me. As I predicted-

   6. SGScott Galloway58:15

      Kathy Griffin put out this great thread showing the-- a picture with her and this twenty-three-year-old.

   7. KSKara Swisher58:19

      Oh, yes.

   8. SGScott Galloway58:19

      And she said, "Internet, have at it." And I'm like... And I wrote back, "Kathy?"

   9. KSKara Swisher58:23

      Yeah.

   10. SGScott Galloway58:24

       "Have at it." [chuckles]

   11. KSKara Swisher58:25

       Yeah, have at it. Yeah.

   12. SGScott Galloway58:25

       You're consenting adults. Enough men are doing the same thing.

   13. KSKara Swisher58:28

       Yes, exactly.

   14. SGScott Galloway58:28

       Enjoy yourself.

   15. KSKara Swisher58:29

       Yeah, she looks like she's having a good time.

   16. SGScott Galloway58:30

       Enjoy your money. You're gonna be dead soon.

   17. KSKara Swisher58:33

       Congratulations.

   18. SGScott Galloway58:33

       Do, do what dudes do.

   19. KSKara Swisher58:34

       Yeah, yeah.

   20. SGScott Galloway58:35

       Have at it.

   21. KSKara Swisher58:35

       Yep, yep. Anyway, as I predicted, speaking of, of good predictions, The Odyssey did a crazy numbers at the box office and sort of knocked off the anti-woke people who thought-

   22. SGScott Galloway58:44

       Oh, my kids went and saw it

   23. KSKara Swisher58:46

       ... Yeah, pulling in a hun-

   24. SGScott Galloway58:47

       They loved it

   25. KSKara Swisher58:47

       ... hundred and twenty-four million for opening in the US, two hundred and fifty million across the-

   26. SGScott Galloway58:51

       Yeah, huge

   27. KSKara Swisher58:52

       ... of the globe. Huge numbers. People were just not stopping, nonstop talking about it, um, which was interesting. Huge sales of The Odyssey itself, the Emily Wilson edition, which is considered a much better translation, um, which he based it on, uh, just all over the place, uh, just doing really well, and I, I appreciate it. It's a great film, and it deserves it. And it shows that if you make really great blockbusters that are f- interesting and, and challenging and a great movie, people will go to them and gets people back in the, in the, in the theaters, which is great economically, speaking of all the knock-on effects. And I love that they just... Nobody cared about the stupid woke stuff that they thought might hurt it, uh, and neither did Chris Nolan. I think they thought Chris Nolan was conservative. I don't think he's anything. I think he just likes to make good movies. Um, I thought that was, um, uh, that was great. That-- I thought that was great. It was a fail on behalf of the anti-woke people, which was great for my thing. Uh, I think I'm gonna do a fail/win kinda thing. Mark Warner, who h- was at... I, I interviewed Gina Raimondo at, um, Johns Hopkins this week, which was a great interview. It'll go up soon. And Mark Warner came to the, um, uh, dinner, Senator Warner, and then he had to leave 'cause he had to go on TV, um, to talk about Trump's crazy speech, which we're not discussing at all because it was insane, which I think was a big-- uh, turned out to be a big nothingburger, his election security. See, it's his attempts to slow the election, the midterms down, the inevitable-

   28. SGScott Galloway1:00:16

       There is election interference. It just was from POTUS-

   29. KSKara Swisher1:00:18

       Exactly

   30. SGScott Galloway1:00:18

       ... when he tried to get votes out of Georgia illegally.

Episode duration: 1:17:50