I think Patel is all of the incompetence

with none of the stature or bravado. I

just think he looks stupid.

Let's get into today's news. Scott, FBI

Director Cash Patel just filed a $250

million defamation suit against The

Atlantic over an article he called a

quote hit piece. It was not a hit piece.

The Atlantic is calling the suit

meritless. The story is based on

interviews with more than two dozen

current and former officials about

Patel's time at the FBI. It alleges

excessive drinking, frequent absences,

and erratic freakouts, including over

computer signin. There were reportedly

multiple times over the past year where

Patel's security detail had trouble

waking him because he appeared to be

intoxicated. One incident involved a

request for breaching equipment, the

kind a SWAT team use, uh, after Patel

was unreachable behind locked doors. it.

This is all true, everybody. It's

repulsive when you read it. So, what do

you think's happening here? What's going

on? And as to the lawsuit,

>> look, I I think The Atlantic, my sense

is this is thoughtful reporting and his

It seems like his drinking is sort of an

open secret. It's not about alcoholism

in my view. It's incompetence. I I don't

doubt that the alcohol hurts them. But

generally speaking, this is an

incompetent person

>> who has lacks judgment, doesn't show up

for work on time,

>> panics, you know, he's so skittish. He

thinks that he thinks that he's not um

that he's being fired. I don't mind you

drinking during the week night if you

work for me, but be at work the next

morning. And if you're not drinking and

you don't show up at work, it doesn't

matter. It doesn't matter why you aren't

showing up for work. This guy doesn't

appear to be showing up.

>> Right. Right. totally focused on this

was alleging that drinking had a lot to

do with it is he drinks so much he

drinks to excess that he doesn't he's

also it creates a national security risk

which is I think why all these people

are leaking right it's not because

>> they dislike him but he also is a huge

national security risk he's also abusing

his privileges very Christine gnome here

right this is the version of Christy

Gnome and obviously it's sort of who's

going to Christy who's going to take him

down right

>> well I like the idea him and Axather

They're now referred to as the liquor

cabinet. That's a good one.

>> Yeah, there was a good one. They said a

defense secretary, uh, FBI head and a

lead prosecutor go into a bar. Oh, wait.

That happens every day. It was for

Janine Pro is the other one they were

talking about. This group is really kind

of just like so not in control of

themselves. Let me just say the LA the

one thing that really was the most

disturbing in that entire story was that

he then will try to do something to

please Trump. like try to prosecute

people who prosecuted January 6th people

or do election denial. He's going to try

to serve up like a little a little mouse

to Trump in order to save his job. And

the only thing that Trump hates is

drinking cuz his brother was an

alcoholic and died. Um but it'll be

interesting if Trump will not fire him

because of this piece, if that makes

sense.

>> Yeah. My first girlfriend was um Mexican

and an alcoholic and I she used to order

drinks called um and I asked her what

her favorite book was and she said

tequila mockingb bird.

>> Oh my god. Okay. Well, anyway, do you

think Trump will fire him?

>> Very good, isn't it?

>> I think Trump's going to fire he's going

to fire a couple of these people.

>> Three guys walking into a bar. An

alcoholic, a priest, and a child

molester.

>> And that's just the first guy.

>> All right. All right. I need your

thoughts on whether Trump's going to

fire him. All right, we're done with the

drunk jokes. Go ahead.

>> Is he going to fire?

>> Okay. According according to Okay.

>> What did you just What did you just

really

>> Okay, go ahead.

>> Everything. Um I no longer think for

myself. Um so, get this. According to

according to Kelsey, there's now a

something like a 70 or 80% chance that

um Patel is fired by June 1st. The other

one that just blew my mind, which I

would take the over under on or whatever

you call it,

>> that there's about a 70% chance that

Trump is impeached by January 1st.

>> Oh,

>> no. That Trump is impeached.

>> Oh, wow. So these markets are saying

these markets are predicting that um the

wheels are coming off uh the bus here

which you know I find uh really unlikely

here.

>> What does Scott Galloway think? Not

Cali.

>> Oh, Patel's out. But I've thought that

for a while. I think he reflects poorly.

I I think Hagath the president likes

because when He Hagsth gets up on stage

he is so strident. He's very handsome. I

think that uh Trump really values

aesthetics. He's indignant. He's back in

their face. I think Trump really likes

that. And he's very resolute.

Trump doesn't like thoughtfulness. He

likes someone who's resolute. And I

think he kind of likes that sort of

brazen, arrogant approach. I think Patel

is all of the incompetence with none of

the stature or bravado. I just think he

looks stupid

>> and he's making the Trump administration

look stupid. And also it it feels like

and I mean you know this better than me

but it feels like everyone at the FBI is

dying to get on the phone with a

reporter and [ __ ] post Patel. Uh it just

seems like the whole I mean there's

there's been such an I think the two

biggest brand erosions over the last 12

months have been number one the brand US

number two the brand AI. If you think

about what's happened to that brand in

the last 12 months, it's gone from 70 to

80% people being optimistic to like now

it's one in 10 are optimistic.

But the the brand of the FBI, I would

argue the Gmen, you know, the X-Files,

um, these were pe these were people that

put on suits but knew how to handle a

firearm. We're very measured. We're all

about serving in the agency of others.

We're optimized for security, not for

performance. or not for attention. This

was a great job with a ton of prestige

and I think Cash Patel has literally

trashed this brand.

>> He's turned it into a Joey bag of

donuts.

>> Y

>> uh you know, two for one coyote ugly MMA

meets, you know, it's like a it's like a

bar fight minus the charm.

>> Yep. All right. All right. Well, he's

out. I agree with you.

>> What are your thoughts?

>> I think he's going I think this was a

beautiful piece of reporting and I think

they're going to go through the cabinet

with next is Lutnik and his corruption,

right? that's going to and his like

thirsty attention seeking. Anyway, we'll

see. I think there's there's it's a

moment now, especially after Swallwall.

It's a moment for all of them.

>> How does the head of the FBI have their

email hacked by an Iranian group? Right.

>> How does that happen?

>> He's drunk.

>> How does that happen?

>> Cuz he's drunk. Cuz he's drinking too

much. Cuz he's an idiot. Well, idiot and

drunk. He's stupid. You remember the

line from Minimal House? Don't How can

you? Although that was done by Dean

Wormer, but going through life stupid

and drunk is not is no way to live or

something like that. Anyway, that's

>> when someone asked me if when someone

asked me if I ever drink in the morning,

I'm like, "No, cuz I don't wake up till

noon."

>> Oh my god. Okay, enough with the

drinking drugs. Iran is threatening to

retaliate after the US military seized

an Iranian flagged um cargo ship trying

to bypass the blockade in the Straight

of Hormuz. Iran is calling it an act of

piracy. Meanwhile, JD Vance, Steve Whit,

and Jared Kushner are headed back to P

Pakistan for more peace talks, though

it's unclear if Iran will even show up.

Uh, first JD wasn't going, then he was

going, and Trump was saying all manner

of things. Trump's, of course, is once

again threatening to take out Iran's

power plants and bridges, which I know

it feels like Groundhog Day, but he's

doing it again. The ceasefire is due to

end this week. Um, I'll also note energy

secretary Chris Wright thinks gas prices

might stay above $3 until 2027, though

Trump is saying that's totally wrong.

California was six. It was crazy. It was

six or in the mid sixes, which is

because they have more taxes there

obviously. But, um, any thoughts what's

happening here? Because it seems like

again still they still haven't gotten

their act together. This gang that can't

shoot straight.

There's so many things that are bubbling

up in terms of incompetence and

institutions in a general approach to

government that took immense resources

that Americans have taken for granted.

And one of those things is our

incredible diplomatic core. We gutted

the diplomats. We gutted the

anti-terrorist group. So

when you have these summits or peace

talks, 95 to 98% of the work is done

done before the person lands on the

ground. And that's the problem is 0% has

been done here. He might as well. He

This is the most It is so easy to

predict nothing is going to come out of

this. And I was uh you know I I've been

saying that masculinity a decent proxy

for masculinity is are you optimizing

for attention versus service? If so,

that's the opposite of masculinity. That

defines this ridiculous trip to

Pakistan. There's been no diplomatic

work done. He's going to land. He's

going to make an indignant speech. He's

going to look for a Tik Tok moment that

he attempts to make him look make

himself look presidential. He'll make

further irresponsible, incendiary,

unnecessary comments. He'll leave and

nothing will have happened. And you

know, the the only other what I've been

thinking a lot about lately is kind of

the winners and losers here.

Initially, China is a loser because of

the the security threat around not

having the free flow of energy. They are

such a big winner long term because I

was thinking about how does the world

structurally change on the demand side.

You got to think that in addition to the

economic costs of the Straits of Hormuz

being um sequestered or blocked, every

nation in the world must be thinking,

you know, we don't want to be dependent

upon [ __ ] straits that can be

controlled by the IRGC or by Trump.

>> By the way, there's

there's a couple there's a really good

online um thing that was about there's

not just the straits of Hormuz. There's

an area near China that 40% of the

shipping goes through. There's a number

of places around the world where this

happens. the straight of Malikica or

Singapore, the Sewish Canal.

>> Right. Exactly.

>> Freedom of navigation.

Again, see above things we've taken for

granted. Freedom of navigation was

something that had been embraced by the

entire world that said everyone's going

to pay more. Everyone's going to have

insecure energy policy if we don't

enforce freedom of navigation around the

world. But you got to think that every

nation is thinking not only

economically, but from a defense

standpoint, we need to have energy

security. What is all roads and energy

security lead to one place? Renewables.

And let's talk about renewables. The

advanced manufacturing and long-term

thinking of China. Get this. What is the

global share that China controls of

windmill production? Any guesses?

>> No, probably a lot. All of it.

>> A lot. Correct. 60%.

>> Mhm.

>> The percentage of EVs sold glo globally?

>> China.

>> 70%.

>> Yeah.

>> China. the percentage of solar panels

produced in the world

>> drones

>> 80% in China.

>> So while we're sending diplomatic

missions and Canada's announcing they're

divorcing from us because we're an

absentee irresponsible player in the

marriage, China is using advanced

manufacturing to say, "Okay, long-term

everyone's going to start investing in

renewables and we're going to be the

place they come to buy it all." And

they're not only offering the

manufacturing and the products, they're

offering safe distribution. They're

offering financing for these things and

they're saying you can count on us. So

if you don't want to be subject to the

IRGC or President Trump's whims that

day, enter into an economic relationship

with China.

>> Yeah, I agree. I agree. Anyway, it's a

real it's it's just this is this is not

good from a political point of view,

from a world point of view. And a lot of

like there's a lot of very high level

people predicting a real collapse of

lots of of countries in terms of because

of the slowdowns and the problems that

they're just on the edge. I mean the UAE

was asking for some money. This is they

have to solve this yesterday. They

shouldn't have done it in the first

place but now they have to solve it

yesterday because there's a lot of other

c all these countries are

interconnected. Whether you like it or

not MAGA folks, this is how it works.

And you're going to you're going to see

collapses all around if the UAE is

asking for what what do they want? They

need money is really because of the

situation. All these luxury brands

throughout the Middle East and that's

just small small ball. It's like all

these countries are dependent on this.

And so he is reordering the world for

sure, but not in the way that favors the

United States. Uh and of course they're

sending this team of Wickoff. Steve

Wickoff. Honestly, this is not our best

and brightest with Jared Kushner, Steve

Wickoff, and JD Vance.

>> If you want to understand what's going

to happen to negotiate with Wickoff,

just ask how is he going to get his kids

rich? Like what? That's essentially what

is driving

>> such a negotiations. But you brought up

something you brought up something

really important and that it's the UAE

and something that really shocked me. I

was looking at analysis of projectiles

that have come out of Iran. Do you

realize that Iran has shot more

projectiles at the UAE than Israel?

And you know, the UAE really is a model

of what it means to not be the IRGC.

It's they they have built an

unbelievable modern economy. They

respect alliances. They in many ways are

trying to be more progressive around

around civil rights. They have made real

progress around um uh around women's

rights. They are everything that the

IRGC is not. And it's interesting that

of all the nations

um the IRGC has decided to go after the

UAE u most aggressively. That really

surprised me. More projectiles into the

UAE than Israel.

>> But they're asking they said they're

going to be forced to use Chinese money

or other currencies if they don't they

don't get a financial lifeline. This is

just and that's just one country.

There's so many that are just going to

be affected. And then let me just say

lots and lots of people live daytoday in

this country and cannot afford these

prices, these gas prices. And so with

Chris Wright just half-hazardly saying,

I'll stay above three and it's even

above three. It's above four in DC. It's

above like give me a [ __ ] break. It

was six in in this is just these

cavalier [ __ ] And then that that

smiling idiot Kevin Hassid gets on and

acts like it's no big deal. There's

something really broken about these

people that is just doesn't understand

the implications of anything they do.

Anyway, uh we have to go on a quick

break. When we come back, we'll talk

about Joe Rogan's influence on executive

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Rules and restrictions apply.

Scott, we're back with more news. Trump

signed an executive order fast-tracking

FDA review of psychedelic drugs like

psilocybin and I think it's ibogane for

mental health treatment all thanks to a

text from Joe Rogan. Rogan texted Trump

about Ibagain research in reducing

opioid addiction. And the president

immediately replied, "Sounds great. Do

you want FDA approval? Let's do it." The

order directs the FDA to expedite review

of the breakthrough therapy and

encourage data sharing between the

health and veterans affairs department.

Um, you know, honestly, this look,

Rogan's been turning on Trump and this

was a gimme to Joe Rogan. I I as you

know, I talk about psych use of

psychedelics in this series. It's very

promising, but certainly shouldn't be

expedited cuz some some podcaster who

has very not the best information

because they need to do the safety

checks if these things are going to be

good for people. Um, but if I mean, what

would you text Trump for? what would you

like if you could? But this is how it's

done in this country. He texts him, he

wants him back. It's the most thirsty

and thirsty way to get Rogan's approval.

And Rogan is dumb enough to take it and

then shift on these things that he cared

about allegedly war and um the Epstein

things. So the whole thing is just

demented. I thought this was the most

demented thing given how important this

psychedelic research should be taken

throughout this country. your thoughts?

>> Well, I gain is is the there's real

potential here. A Stanford study found a

single Ibagane dose reduced veterans

disability ratings from 30.2 to 5.1 with

effects sustained at least a month out.

>> Almost nine and 10 participants

experienced um a reduction in PTSD

symptoms. Nine and 10 uh decrease in

depression. 8 and 10 reducing anxiety.

So, this has real potential. This is

this is a great move, but here's the

problem. This is

>> they've been running they've been

running this for a year. They could have

done this a year ago, but go ahead. Go

ahead.

>> Well, okay. So, I'm a big believer in

prison reform. I think they're we're the

most incarcerated nation in the world.

And I think that a hugely accreative

move would be uh early prison release

and a review of of people who are

currently incarcerated. And when the

Trump administration decides that it

would be great to have the Kardashian on

boards and she she takes this on as an

issue, they then get a pardon.

>> He does these things, but he doesn't for

political reasons and they're not

systemic in nature. And when it comes to

the when it comes to taking something

from a class 2 or class one drug,

>> I want someone who has domain expertise.

I want correct double blind tests. I

think the again another thing we have

taken for granted here is the good

people at the CDC, our FDA, uh, double

blind studies, doctors with actual

credentials. I mean, they do they do a

really good job. It's been a huge, uh,

benefit to us economically. The drugs

you take are, you know, they they do

mistakes, but you can feel fairly

certain that if you take something

that's FDA approved, it's approved for

>> it's also too slow. absolutely too slow

on these therapies, but they're still

early. And the fact that this very not

smart podcaster who's very lovely in

some ways and nutty in some ways and but

doesn't operate in a factual environment

all the time is getting to get this

because he's was mean to Trump and was

turning on him and then for the next

couple of months he'll be nice to Trump,

right? The whole thing is just grotesque

in the This is not how we need

>> health policy.

>> This is not health policy. That's

correct. It's not legal policy. It's

it's it's purely political. And for

Rogan to get used like this on an

important issue, maybe if it's important

to him, he should demand that Trump not

not just cuz he can go to the Oval

Office and hug Trump, but it's just just

oh god, it could hurt veterans if it's

not done correctly. The whole Yay. Just

And it's, by the way, it's also going to

take this.

>> It's also going to take forever anyway.

>> Let's play the game. Let's be

increasingly mean and grow our platform

10x. And then what is the one thing you

want from Trump? What is the one policy

you would want from Trump?

>> $25 minimum wage.

>> Oh, I love that.

>> Universal health.

>> I love that.

>> Child care. Universal child care. All

those things. Any of those.

>> Check. Check. Check.

>> Mhm. What about you? Besides,

>> besides like a missile,

>> um, uh, I would want

mandatory national service.

>> Oh, I like that.

>> Um, distribution of GLP1 to any

household with less than $50,000

>> in household income

>> with good medical stuff attached to it,

nutritional.

>> That's right. and uh incremental like

you said, singlepayer

um health coverage and oh gosh, I could

I could I mean

>> I could go on and lower the estate tax

exemption to 1 million. There's going to

be $72 trillion in wealth passed on.

We're not a dynastic population. We're

meritocratic population and we need to

tax

>> inherited wealth.

>> Really?

>> Anyways, I got about another 15.

>> Okay. Well, there we go. We're not We

don't have his I know. Actually, I could

probably get Trump's cell phone.

>> Let's get on it. Let's be a pain in the

ass.

>> I'm serious. Why don't we do an

experiment? Say, "This is Scott

Galloway. I would like you to do an

executive order on Young Men or whatever

the [ __ ] you want. I'm going to get his

cell phone. You're going to text him."

Okay, you're doing it.

>> I think it's getting I think it's

getting the wiring information of

someone in his family and sending a few

million dollars. I'm serious. I think

there's a direct pipeline. I've heard

>> I've heard from cred credible resources

around around specific things around

pardons and trying to get funding for

certain things that there's an entire

infrastructure consultants who launder

the money get it to the Trump

administration and you get [ __ ] passed.

This is and to be clear what they would

say is this has always been going on.

We're just more we're less we're more

transparent about it.

>> No, not like this. I'm going to get his

number. You're going to text him. Okay.

That's what we're doing this week. Okay.

Um,

>> I was invited to the UFC fight at the

White House.

>> You need to go. You need to go. You need

to say yes. I just

>> You need to cidle up to him and like

>> pet him.

>> I don't like watching young men beat

each other up.

>> I don't look at that part. Just go pet

Trump. That's what you need to do and

get universal healthcare for everybody.

>> You need to do it. You need to go in

there. I They're not inviting me. Even

though Did you hear about this study?

This this thing,

>> the influencers.

>> Oh. Oh, it's really interesting. So,

there's a poll that Ipsos did um about

influencers essentially and um I am the

most purple. I first of all, I'm in the

top influencers, which is weird. I'm up

there with Candace Owen and Tucker

Carlson and all manner of people, but

I'm the most purple.

>> You're the most centrist.

>> Yes. I don't think the word is I think

it's independent. Like I I don't know

cuz they don't all agree, right? But in

terms of impact shock, I'm shocked that

I was even in these lists, but

independence love Swissard. It's weird.

It's so weird. But it's good. Good.

That's very exciting.

>> Which means that I should be at the OC

fight cuz I'd actually enjoy it. But you

need to go.

>> You're an influencer. We got to take you

to Coachella and just have you take

pictures and not enjoy the music.

>> I'm surprised you didn't go to

Coachella. But listen, this is what you

have to do. You have to take one for the

team or you're going to You also have to

text Trump because he's not taking my

texts even though I am the person who's

the most represents the independents

apparently, which is ridiculous cuz I'm

really liberal.

>> Influence.

>> Yeah, but I'm really liberal, which is

kind of funny. Um, all right. The NSA is

using Anthropics uh mythos even after

the Department of Defense called the

company a supply chain risk. Um,

Anthropic CEO Dario Emodi met with the

White House officials on Friday to work

towards a compromise to bring the

company's technology back to government

use. Both sides described the meeting as

productive. However, when President

Trump was asked about Emod's visit, he

said he had no idea about the meeting.

He was meeting with Susie Wilds. If a

compromise is reached would likely

exclude the Pentagon because Pett Heath

is a [ __ ] and so is Emil Michael who

works for him. Um, so it's again it's

like everyone everyone I have talked to

in the other departments think the HEG

thing is insane and that they want to

use it because it's a better model. So

the NSA wants to use it um and

everything else. And it's just it's kind

of ridiculous that Amodi has to go hat

in hand to deal with these children. And

by the way, over at Open AI, more kind

of problems. The company lost three

executives on Friday. The leader of the

defunct Sora, the VP of Open AI for

science, who used to work for Twitter,

Kevin Wild, and the company's CTO for

B2B applications. Um, so they're losing

there's a lot of it's more it's more um

dramatic than Google back in the day or

Twitter. It just it's really quite a

dramatic little company. Um, so any

thoughts on anthropic or open AI again?

>> Well, you know, history or the world

hates a vacuum and one of the biggest

vacuums or voids right now that's

creating chaos is the vacuum around

regulation and guardrails around AI. And

when Dario Emote, who is supposed to be

head of a private company charged with

just using every tool in his toolkit

possible to create leverage and margin

for shareholders, gets so worried about

something that he pulls it back and I'm

not, you know, and says he's only going

to give it to JP Morgan and Apple, you

know, the good guys. Um, and you'd like

to think he's sincere about it and he's

generally concerned, but he shouldn't be

making those calls. If we're trusting or

hoping that the US and existential

threats are going to be dependent upon

the kindness and wisdom of CEOs, we are

[ __ ] because these people have so many

incentives and pressure to just deliver

value.

>> I was with some people and they're like,

"Amod's good." I'm like, "It's a low

[ __ ] bar." And I don't still don't

want him to decide. And still, you know,

even at this point anyway,

But in the one of millions of text

chains that get copied on between you

and Rom, I was going to suggest to Rahm

and any other Democratic presidential

candidate, I was actually going to uh

for some reason I think John Oaf is and

you wrote about this is giving off real

presidential energy right now. But I

think the opportunity among a Democratic

candidate right now quite frankly is to

have a very thoughtful get some

academics together and have a very

thoughtful

10page or less summarized in a one or

two page cover um summary is uh

regulation for AI. Do you realize no

one's even proposing what it would mean?

What does it look like? How do you

regulate it? What is it about security?

Is it about privacy? Is it about how do

you thread the needle between regulation

and also m letting our thoroughbreds run

such that China does not get out ahead

of us which is a legitimate concern. Who

running for president i.e. You know,

everyone has put out anything thoughtful

that has said, I mean, Senator Warner

has put out something with Senator Holly

about retraining and trying to support

job destruction, but no one has really

put out a thoughtful, you know, 3, five,

12point plan on this is what we should

implement immediately in by executive

order that lets the economic growth run

mostly. It'll cost some economic growth,

but gives people some level of certainty

that the government has some feel around

the risks here and outlines them. But

there's nothing right now. It's just the

wild west. And that vacuum is being

filled by a bunch of arguments, virtue

signaling, false signals, comms

releases, press releases. So the vacuum

is being filled by chaos around

something that people aren't sure. Is it

a big threat? Is it is it not? And it

really hurts the industry cuz see above

>> it's gone from nine and 10 people being

optimistic about this to one in 10.

>> Yeah, they've really [ __ ] it up. And

it's not the fault of like me

complaining that I I got that from one

of them. It's like it's cuz you're so

negative. I'm like get the [ __ ] out of

here. Like it's not our fault. You I

said that. That's what I actually said.

>> I'm an influencer.

>> I'm in a big in the indies agree with

you're right. It's worse by the way.

>> Influencer.

>> But um it was so weird.

Anyway, um it's just they have done it

to themselves. They've done it to

themselves because they're so and you

know what drove me crazy then you get

not this this isn't isn't an AI company

but it's all stuck in there Palanteer

posting its manifesto on X over the

weekend which one outlet it was points

from Alex Karps the CEO's book the

technological republic one outlet

likened it to the ramblings of a comic

book villain and the points include

postwar neutering of Germany and Japan

must be undone I mean it's already been

undone you dumbass we should applaud

those who attempt to build where the

market failed to act and we must resist

shallow temptation of vacant and hollow

pluralism. The whole thing is just so I

need them to shut up. I need all the AI

people to shut up even the good ones and

just like like put in good things in

place because they literally have they

keep shooting themselves in the foot

about a technology that's possibly

dangerous, possibly amazing and

everybody hates it, right? Everyone

who's normal hates it, not them. And

then they blame us for that. So

>> yeah, I don't get it. I know I I

consider myself an influencer, but I

suffer from paranoia. I believe that

nobody is following me.

>> Can I ask you if you went in there to

them? They said, "Scott Galloway, we

need we need you to fix this. What would

be your first three moves? Mr. Brand,

we're having you in. We're paying you a

bajillion dollars." Because they have

>> Yeah. The AI companies are like, "Look,

>> AI

>> people [ __ ] hate us."

>> Yeah. I'd want to I'd want to

>> three things

>> I'd want to assemble a list of

technologists, ethicists, and economic

adviserss. And I'd want I would demand a

30-day uh period where no model, no

updated model is ever released without

thorough review that that AB tests the

[ __ ] out of the thing in terms of

existential risks. And it has if the FD

if it takes [ __ ] a decade to get a

drug through the FDA,

>> right? Exactly.

>> Why wouldn't we mandate that the

government gets to play with any new

model for 30 days?

>> Mhm. and then says, "We have found that

this could absolutely hack the NSA or

even our nuclear launch codes."

>> So, you need to tweak the following

things. We're going to assemble a blue

ribbon panel. Anyone on this panel

>> will be paid a lot of money, have

tremendous prestige, and by the way, for

3 years, there's a sunshine period, and

you cannot go on the board of any of

these companies because we don't want

you trading off speaking engagements in

and stock options for security. But at a

minimum, we should have a 30-day

screening blue, you know, blue ribbon

panel that includes Europeans, that

includes G6 nations, that includes stock

market analysts and say, "Okay, there

has to be a balance between safety and

economic growth." Instead, it's just

like put it out there and see what

happens.

>> I know. What from a marketing, if you

were doing an ad, what would it be? We

know we suck or what?

>> What what's the message

>> for for

>> for the AI companies?

Oh, but here's the bottom line, Cara.

The markets love a winner. The the worst

thing that's happening to Sam Alman

right now is he's proving himself to be

a not a great CEO and he's let Anthropic

literally leaprog him. The markets are

immoral. Open uh Anthropic is going to

get out at a trillion dollar plus

valuation because it is executing like

no one's business and Co-work is on

fire. They are doing such a great job. I

think Daario is managing his brand

fairly well. I think if I were Daario

and I think he's going to do this given

that he god I can't imagine has much on

his own plate. I would I would almost I

don't want to say circumvent the

government but I would be putting

together an industry consortium across

all of them and saying these are our

recommendations.

>> Yeah.

>> And even critics trying to thoughtful.

>> Yeah. I will

>> I would also offer a bunch of LLMs for

free to researchers and academics and

say have at it. We think this could cure

cancer. Have at it.

>> Yeah, I have to say I I do like I I

think he's messaging well, but he never

comes up with solutions. Like he just

tells us it's all falling apart. So, you

know, David Saxs went after him this

week for being too negative. And I don't

think he is. I just think he while he's

offering these scary scenarios, he needs

to say, "Okay, here's what we can do."

Like, he doesn't do that enough. That's

my that's my that's what I would say

about him.

>> But why wouldn't they why would they

coordin I mean, they have a lot of

money. Why wouldn't they take, I don't

know, a billion dollars and start a

center of Berkeley and say this center

is going to be focused on

>> on um incurable diseases and we're going

to we're going to give them all the

models for free. We're going to get

we're going to give them compute

inference. And a lot of people would say

no, it's the profit motive, but just

from a I don't want to sound a

perception standpoint, but why wouldn't

you say we're we're we're starting a

center for diplomatic prevention of

conflict using AI?

>> They could just do so many interesting

things concerned about the

>> but yeah, their their brand is really

bad. And listen, Dario is going to be

dragged down with the rest of them if

they don't do something about it.

>> Every journey is the same from Anakin

Skywalker to Darth Vader. We think

they're the ones that are going to save

us, that they should be president. And

then we find out like the rest of them,

their job is to do do and say whatever

will get their share price

>> of clay, feet of clay.

>> There you go. It's a it's the villain's

journey. They always end up a Bond

villain. And I like Dario. I don't know

him personally, but I think he's made a

series of really good moves. He's

clearly an outstanding CEO. But here's

an easy prediction. in 24 months we'll

hate him too

>> because we we will fall into the trap of

believing that these people are

responsible for our well-being.

>> They're not. They're responsible for

shareholder value and that comes at a

cost and when no one's home see above

that void.

>> Yeah, but brand declines.

>> Who is proposing anything resembling AI

regulation right now?

>> Well, they say it and then they it's a

one-off kind of thing. Anyway, they do

say it. They do say it.

>> What would you do? What would you want

to see? I would I would put I think

that's I actually hadn't thought about

it, but I would not not ads saying how

good we are. I would have an well I you

know I had a back and forth with Dario's

people. I'm going to see him this week.

Um but one of the one of the things I

said is you're doing all these soft

interviews. Do some [ __ ] hard ones.

Like and I was of course pitching for me

but you know like get out there and do

some like do a lot. And it doesn't have

to just be him. It has to be a lot of

people. like instead we're doing you

know Sam Alman's sort of had a series of

bad interviews but it's got to be a

broader discussion among a lot more

people right and demand that your

critics are right in front of you and

don't wilt when a critic says something

um instead of like they just they just

they just don't want bad news and it

doesn't matter people hate them they

really hate them and so look at the

polls look at young people I mean it's

just the brand destruction is going to

take them all down and and there's so

any promising things with AI? I mean,

look what happened to Reese Witherspoon

this week. I got slammed cuz I said,

"What was she saying?" That was cuz they

thought she was being paid by Chad GPT

or Charles Porch or whatever it happened

to be. But did you see all that like cuz

she was saying women need to

>> I didn't understand why she got so much

hate for that

>> cuz they thought it was an ad. I think

that they and maybe it was. I don't

really care. What she was saying was

accurate. It doesn't I mean they said

she's bought and paid for and she must

be getting money cuz she has Blackstone

money through the whatever. Honestly, it

was so innocuous and people cuz she does

books and so all the people it just was

it was innocuous what she said.

Seriously innocuous and I got slammed

for I wasn't really even defending her.

I'm like, what is she saying that's so

weird? Even again, even if she was paid,

I don't think it was the message was the

a bad one. But I guess and then

everybody's like, well, I'm not going to

use AI. So there. And I'm like, well,

don't then. What do you want? But if you

if you care about where it's going, you

need it's like in the early internet,

there were all these people who said,

I'm not using the web. I'm like, knock

yourself out. But it's it's happening,

my friends. Don't turn on that flash

that electric light. I I don't care.

It's just Anyway, it's a bad there's a

lot of rage. There's the rage at her was

in insane I thought. Anyway, um let's go

on a quick break. When we come back, uh

why Netflix stock plummeted after its

latest earnings. I'm eager to hear what

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Scott, we're back with more news.

Netflix is out with its first earnings

report since walking away from the

Warner Brothers deal back in February.

The company beat expectations on revenue

and earnings driven by membership

growth, ad sales, and higher

subscription prices, plus that $2.8

billion breakup fee. Thanks, uh,

Ellison's. Thanks Paramount. But the Q2

forecast was below analyst expectations.

It sent shares down 10%. The earnings

also came with a few announcements. A

deeper push into AI and the launch of a

Tik Tok-like vertical video feed within

the app. They're trying to do a lot

more. AI makes total sense in that

regard. And notably Netflix co-founder

and chairman of the board Reed Hastings

is leaving the company when his term

expires in June. He wants to do a lot of

other things. Um talk first about the

earnings. We're going to get into the

Netflix's podcast plans in a in just a

second. Um, I can go over what they're

doing, but why don't you talk about the

earnings himself? And by the way, can I

just take a moment? I met Reed Hastings

right at the beginning of this company

and I have known him for a long time. I

got to say an amazing entrepreneur. What

he did and shifted deserves enormous

credit and he was the real engine. And

Ted is doing a great job. So is Bella

Bajaria. So are the new people there.

But Reed Hastings is a one is a

generational uh entrepreneur and

congratulations on your tenure.

>> Yeah, agreed. Uh look, the earnings were

uh fantastic. Their revenue was up 16%

year-over-year, beating expectations.

Their earnings uh was nearly double what

analysts expected. There was a bit of a

sugar high though because of the $3

billion termination fee from the

collapse Warner Brothers deal. What

shocked me was the ad tier now drives

over 60% of new signups in ad supported

markets. And

>> uh they're they're on track to hit $3

billion in ad revenue this year. So now

they're becoming a big media player, ad

supported media player with a business

that barely even existed two years ago.

And the fullear guidance held at about

51 to 52 billion, but uh Q2 guidance of

13% growth came in below what the bulls

wanted to see. So I think that I guess I

I looked at these earnings. I mean this

is the weird and the beautiful thing

about the market. If I'd seen these

earnings before the market's reaction, I

would have guessed the market would be

flat to up. So I don't know if they're

taking Reed's departure as a signal this

is no longer a growth company or that

that just some air was coming out of the

stock. Um I don't get it. I don't you

know I there was some speculation that

Reed was leaving because of the botched

Warner Brothers deal. I think that's

[ __ ] But I think like you said, he

just wants to do different things.

>> He has a lot of

>> the stock was up 18% year to date

heading into the print. Now it's just up

7% but that's not bad. The I did meet

with Ted Sarandos two years ago and I

told him I thought they should launch a

Tik Tok competitor because the long tale

of Netflix content doesn't get viewed

very much.

>> Yeah. And I thought have an open-source

opportunity for artists and creators to

slice it up and it would be incredible

marketing and I think they could have a

viable competitor to Tik Tok

>> and at that point

by the way

>> it looks like they're getting into the

business. um they're launching a Tik Tok

style vertical video feed this month and

YouTube has 13% of all US TV viewing

versus Netflix at 9% but YouTube shorts

has grown 186% in 15 months with shorts

on connected TV accounting for part of

their growth and then Meta recently

announced that Reals for TV

uh

they're doing Reels for TV where users

can watch short form content on

television and Reels already has a 50

billion ion dollar annual run rate in ad

revenue. That's more revenue than WBD

and NBC Universal combined. And

basically everyone now, 95% of consumers

now watch some some form of short form

video.

>> Cara Swisser, don't you?

>> Oh, I I I hate to admit it, most of

people ask me what my media sources

were, and I used to say the FT and the

Economist to sound smart. The bottom

line is I'm getting most of my content

from short form video right now.

>> Me, too. Me too.

>> And time spent watching video content on

social media has more than doubled since

the pandemic. and Meta's revenues have

nearly tripled and Tik Toks have grown

10fold. So I think that what what

Netflix has is they have proprietary

content. So proprietary content that's

not user generated but useredited.

What could you do? There's some been

some amazing Netflix content that never

bubbles up and never gets seen. Put it

out and say, "Guys, have at it. Slice it

into twominute things. Create new

stories. Add in different effects. add

in different humor, different subtitles,

have added I my what I pitched what I

pitched um uh uh Ted, I'm like, start

something called Net Vibes and basically

say it's a Tik Tok competitor with all

the proprietary content of the longtail

stuff

>> and 90% that gets 2% of your viewership

time.

>> Why did you just give away that great

name? That was really good. You're

talented.

>> That was good. You said two very smart

things today. It's

>> I have to tell you,

>> it's because I was under I was under the

influence. Anyways, but Ted just sort of

rolled his eyes and said, "Why would we

do that when Tik Tok is such a great

marketing engine for us right now?" But

it looks like they're saying, "Okay, we

no longer we need we need a growth

story." I think this is a great idea. I

think they're doing it. And with the

case of Netflix, the second mouse may

get the cheese here. I think it's a

great idea for

>> Oh, interesting. All right. So, I'm

going to let me just tell you the second

thing is they're going all in on

podcast, which is interesting. Um, and I

have a lot of information about this

because I immediately started looking

into it. Netflix has announced five more

shows coming to its platforms. These are

exclusive shows, including a new weekly

interview show with Brian Williams. Hulu

has also announced four more podcasts,

including Handsome and three others

based on TV shows. Hulu's um is not as

strict um as Netflix. Netflix requires

the shows to forego YouTube entirely and

Hulu does not, it looks like. Um, so

this is really interesting. So I asked

what the deals were and someone said

deal structure looks like this. Episodic

fee lowend of 25k an episode averaging

average range 50 to 75k an episodes

higher celeb for celeb talent. Uh

production budget on top 6 to 12 month

initial terms with 206 to 52 episodes

depending on term length ownership

Netflix but sometimes they are given um

uh revision rights reversion rights

excuse me. So, IP maybe if they're

making them. Um, I wasn't tremendously

impressed with the choices they made. I

like Brian Williams, but it seems like

they should really go for a much more um

younger demo, I guess, or more online

demo, influencer demo, but that was just

me. Um, what are your thoughts here?

What do you think? That's a lot of

money. 50, you know, if you got $50,000

an episode, that's that's a buttload of

money. 2.5 million. Well, we've been

talking in our own book, but it doesn't

mean I don't believe it. Every political

cycle, there's a technology uh Obama

weaponized search, um Trump, Facebook, I

would say the second one was about

social. A lot of people would say this

is now these midterms are going to be

the AI midterms with a ton of

misinformation. But I think in general,

this election or the last election was

really the podcast election. And do you

remember that graph that showed that

newspapers were getting 30% of all ad

revenue but they only had 8% readership

and the internet was getting 10% of

revenue but had 50% of all time. Those

two tend to calibrate and the fastest

growing ads supported medium in the

nation is not meta or alphabet. It's

podcasting

>> u

>> which is video casting really but go

ahead

>> it's it's television with a lower cost

of means of production. It's 80% of

>> a closer relationship with fans that you

have you can't leave that out. It's not

just because it's cheap

>> and it's not starched. It's it's not

it's not a handsome guy saying save

content for 22 minutes and then showing

a video about a butterfly garden. It's

just it's people who are willing and

some people like the conspiracy [ __ ] and

some people want people calling heth a

drunk. it. And sometimes people are just

so [ __ ] talented that they bubble up

past the means of production that have

sequestered some of this talent.

Anyways, podcasting, you know, the

Golden Globes now has it as as a

category. Um, we're up Pivot is up 25 or

30% this year. Propy Media is up 46%

this year. Podcasts are growing like

crazy. And what's what's even more

interesting is the the chaser effects

are the following. The average age of a

Fox viewer is 69, CNN 67, CNBC 64. The

average podcast listener is 34.

And when you're 34, it means you're

you're buying houses, cars, getting

kids, which are very expensive, and

dogs. So this is this is quote unquote

the core demographic. So in and in

addition as evidenced by the fact that

the easiest guest for Cara Swisser and

Scott Galloway to get on their show is

someone running for president.

>> Yeah.

>> Anyone who's thinking quote unquote not

going to make the decision in a year or

two year with their family. Yeah.

>> They're calling us and they want to come

on because they're running for president

because

>> because the what's interesting is that

you know I don't know if you found this

but on property they don't perform that

well. I find that really interesting.

>> Buddha judge did great. I'll tell you

that Nome did well.

>> He's exceptional.

>> Newsome did well. That's not true. It's

not true. Some of them do well. It dep

I'm going to I'm going to pay attention

to what does well, which is

>> I find on average politicians don't

score nearly as well as some of the

other guests we have. But anyways,

audience

>> the in terms of downloads or viewership.

But my point is the new people actually

listen to the ads. The other innovation

that no traditional media company wanted

to do because they decided their talent

was too precious is host readovers. That

gets if you do a if you just do an

insert ad on YouTube or just an insert

ad, you get between three and 10 bucks

CPMs. You reading over an ad, you

talking about your Chevy Bolt and how

much you like it, which you really do.

That gets a CPM of 45 or 50 bucks.

Chevy,

>> the media company at General Motors is

like they're they're allocating more and

more money. And now these things finally

have the scale. So Netflix is could be

the new Netflix is late on short form

video. They're late on podcast, but when

you have direct relationship with 80% of

households, you can play catchup pretty

fast. One of the things that drives me

crazy with the media reporters when they

were talking about the Vox thing, I was

like, "You all don't get where the money

is now, where the voices are, where the

like it just drives me crazy cuz they're

living in a different world." Like when

I not all of them, by the way, but but

when I I've been doing a lot of press

for this scene, I'm think and I'm like

they're like, "Oh, is Vox trying to, you

know, just save itself?" I'm like, "No,

it has valuable a thing that's valuable,

you idiots." And so, you know, and and

the same thing with these deals. They

were sort of pooing. I'm like, you don't

understand what's happening here. And I

can't say it enough. Just sitting at a

table in on a street in San Francisco

with my son, the kind of pe the people

that stopped people that stop me on the

street now, it's really astonishing like

nothing I've ever done. And it's it's

and most of people Scott tell me thank

you for doing what you and Scott are

doing or thank you for doing that

interview. They thank you for your

content. That never happened to me

before in my life. So I don't know how

you feel about that. But you got to

figure out

>> the most rewarding thing about it. I

mean look the the money's great but the

most rewarding thing about it is that

when people come up to you they start

speaking to you as if they're they're

your friend. And it's really nice.

People feel a parasocial they have a

parasocial relationship with you and

they're they feel good about you. I

think it's because you're physically in

their ears often times so it creates

intimacy and also you're talking to them

as they're doing something quite

personal. They're walking the dog,

they're doing the dishes, it's their

morning routine. But I think the most

rewarding thing about being a podcaster

like if you get to a certain point, it's

a little bit like the NBA.

The analogy I use is that when I rode

crew at UCLA, there's been 2,000 people

who have rode crew. 10 10 went to the

Olympics. So what is that like a.5%

not even.5% went to the Olympics? It's

it's.1%

of podcasters are self-sustaining

economically. So you are five times more

likely to go to the Olympics if you

wrote at UCLA than have a successful

podcast. This is a difficult business,

but once you get once you get to break

even, the economics here are incredible

because there's what do we have? We have

we have three producers. We have we

outsource our ad sales to to um to Vox

and this is a $15 million business

growing to 25 probably in the next 24

months. Like just do the math. This is

an incredibly this is creates as much

IBIDA. Pivot will probably create as

much IBIDA as one of the most successful

shows on MS now or Fox or anywhere else.

It won't be as big topline, but the

IBITA margins are just incredibly

dramatic, but hands down the most

rewarding thing from a host standpoint.

>> It's the relationship with fans.

>> These really lovely people come up to

you and they start talking to you about

their kids.

>> Yeah. And it's all

>> I mean, maybe they do that.

>> Maybe they do that.

>> I've never had it happen my whole

career. I have had a long and pretty

like well-known prayer. But I'll tell

you, a very famous author was on my

plane today and he texted he had my

number. He texted me just thank you for

what you're doing. And I he he didn't

want to say hi because he felt like he

was bothering me, which he wasn't.

>> But but what I'll say is we have we have

a responsibility and I think our

responsibility I'm trying to live up to

this is the medium is creating good

vibes. I think mostly because, and I do

think this is true of most podcasts,

when you go on cable TV, and this

happened to me when I went on Pierce

Morgan or a couple times when I've gone

on Fox, they're trying to engage a

little bit and call out culture and

create antagonism. I have found the vast

majority of podcasters when I go on

their podcast, even if they disagree

with me, even if they're conservative,

they're trying to present you in a fair

and positive light. And I think as

podcasters we have an obligation to

maintain that cultural zeitgeist

to be to show some grace to even if you

disagree with people. We're not in the

business of calling them out. You want a

thoughtful nuance conversation. Let them

run with their

>> views. It's okay to disagree and it's

okay to push back. I do think you have

to informational and like let's hear

this person is what I'm trying to do and

like what your goal isn't to make them

look stupid,

>> right? Your your goal is to have a

thoughtful discourse such that your

listeners your listeners learn, but also

to demonstrate the people from different

sides of the political spectrum,

>> but you don't

>> can demonstrate some grace towards each

other.

>> I agree. I agree with you. All right,

Scott. One more quick break. We'll be

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Okay, Scott, we're going to do some wins

and fails. I'm gonna I'm gonna go first

if you don't mind. I already talked

about Palunteer's stupid manifesto. But

two people um Ron Conway, a really

well-known figure in Silicon Valley who

I like very much. He was the one that

was pushing back on he's been I just

really like him. He and I have had lots

of beefs over the years, but he's a

really legendary venture capitalist. He

announced he had a cancer. He's not

giving specifics about it. Um and he's

fighting it. He's given so much money to

medical stuff in San Francisco.

incredibly generous and unusual for a

lot of these VCs who just only think

about themselves, but Ron's a very

civic-minded person in San Francisco.

Um, and people have different views with

him, but I I really adore him and uh

he's he's struggling with some cancer

and he wrote me a series of very joyful

texts over the weekend. I love you.

Thank you so much. cuz I wrote him a

note and I just hope he he has all the

he has all the money and to to do and

all the connections and science because

he's done so much fundraising. Um I hope

for the best for him. And then second

one is um so that's a fail for mine and

same thing is uh Senator Warner's

daughter died. Uh she had juvenile

diabetes and a series of health issues.

And I both Scott and I love talking to

him. We find him very thoughtful. Um and

so I just we are my condolences go to

him. Um she's 36 years old and again

struggled with um struggled with

juvenile diabetes and ensuing bunches of

issues. Um and my win um is this

Atlantic piece. It's a little bit of a

dunker, but everyone is getting on board

with this idea that maybe the tech

billionaires aren't here to help us,

which I think um is is a is a narrative

I've tried to get through a little bit.

Um, but I thought that this guy Noah

Holly, who was responsible for Fargo and

a bunch of other things I love online,

he's been writing for The Atlantic, and

I just really, really enjoy his work.

Um, but I really, uh, let me just read

two quotes from this piece in the

Atlantic. Uh, it's called What I Learned

about Billionaires at Jeff Bezos's

private retreat. These guys are having

their own retreats. That Bezos's is

called Campfire. And it's it's a

devastating piece actually, and I think

very true. unfair. Um, this is the

hubris of accomplishment. To be declared

a genius at one thing is to begin to

believe you are a genius at everything.

It's not that the wealthy become evil.

It's that their environment stops

teaching them the things that

non-wealthy people are forced to learn

simply by living in a world that pushes

back. When when you can buy your way out

of any mistake, when you can fire anyone

who disagrees with you. When your social

circle consists entirely of people who

need something from you. The basic

mechanism by which humans learn that

other people are real goes dark.

Fantastic piece, Noah Holly. I recommend

it. It's beautifully written and

incredibly fair. And um so anyway, yours

>> I'm just gonna I'm just paring your

comments. I did not know that about Ron

Conway and I'm sorry to hear that. Ron

invested uh in two of my companies back

in the 90s when I was playing in traffic

and starting e-commerce companies. He

invested he was one of my first

investors in Red Envelope and one of my

first investors in my e-commerce

incubator, Brand Farm.

>> I didn't know that. Wow.

>> Yeah. And I'll say this about Ron. You

know, you have good investors and you

have bad investors. And Ron uh I would

just describe as incredibly supportive

no matter what was going on was

emotionally and financially just like

really on the side of entrepreneurs and

uh

>> I'm sorry to hear that and I share I

share your warm wishes. Also share

>> your condolences and sympathies with

Senator Warner. Obviously every parent's

>> worst nightmare. I'm not I I know

Senator Warner. I would consider myself

friendly but I'm not close friends with

him. But I have a close friend who's

very close with Senator Warner and the

senator has been approached by any

number of people on a regular basis uh

about running for president and a lot of

people felt that he brought the

gravitas, the credentials and quite

frankly the kind of mo the moderate

positioning that they thought would be

uh a great candidate for president and

uh what I have heard is that he he never

ever ever seriously concern considered

it because he was always very focused on

his family. Uh, so he is that guy, not

the one who was performative. Oh, I'm

going to check with my family. He was

oftentimes people wanted to draft him,

but he was always kind of uh family

first. Anyways, share your share your uh

condolences. My my win is much more

boring. I just wanted to talk a little

bit about Reed Hastings and just the

incredible tenure uh 99 to 2023,

founded in 1997. So, he's there 30

years. So you want to talk about uh from

a startup to global giant.

>> In 2000 they had 300,000 subscribers.

>> This year they'll have 300 million.

>> The revenue went from the revenue went

from three billion in 2011. This year it

will do 45 billion.

>> Terms of market value. They rejected a

$50 million acquisition offer in 2000.

This year they'll they're now worth

about 400 billion. um one of the largest

value creations in tech history in terms

of business transformation.

Talk about the mother of all, you know,

big ball pivots from DVD rentals to

streaming in 2007, from streaming to

original content, House of Cards, and

then he's gone from the US to 190 plus

countries globally. Their profitability,

tons of losses in the 2000s,

multi-billions in annual profits. And

then the cultural impact uh that people

don't talk enough about was that Netflix

deck they put out on their culture. They

talk about freedom and responsibility,

no vacation limits, high performance

culture. And the thing I did actually

take something from them. They stated

out loud that they wanted to be a

company known for exceptional

compensation. And I' I've tried to adopt

the same thing. I've always tried to pay

my people more than market or I

shouldn't say it's the last 10 years. Uh

but this company

um they took a DVD by mail startup. They

pivoted into streaming. They scaled it

globally and they turned it into a half

a trillion dollar media platform.

30 years, 1,000x

user growth, 15x revenue growth, and you

know, redefined or defined the category.

I I would argue one of the top five to

10 tech CEO careers of the last 30

years. And you know what? He did it with

a lot of grace. He was never in

>> absolutely

>> he was never scandal. Never [ __ ] posting

other people. Never

>> found drunk driving. Never

>> shitty tweets he had to erase or delete

>> attention on himself. I have I can I

just add that I've had him on stage many

times but I have to say of all the

people I would rather spend time with

Reed Hastings and I know Hollywood all

hates their miss system but it's not

their fault that they found a way to do

a different system. It's Hollywood's

fault for having a bad economic system

that was no longer sustainable. They

like to sort of blame Netflix. I think

that's unfair. Um they they do what they

do. That's what they make. And I don't

think they're diminishing it. You just

you don't have to watch it if you don't

like it in that regard. And I think they

put out a lot of great content.

Actually, they put a lot of silly

content, too. But I got to tell you,

what a he's a [ __ ] class act. He's So

is Ron. They're class acts. All these

guys you're talking about. and he

clearly imprinted really solid DNA. The

co-c now, Greg Peters and Ted Sandos. I

don't know Greg, but I know Ted, but

they're both have a reputation for being

not only very intelligent, but very

decent men.

>> So Netflix, a great company, great

leadership, and this guy historic run is

is historic. So my win is the tenure of

>> of Reed Hastings. By the way, one of the

things I was thinking about, Scott, was

you talked about that is the decency and

we started with the incompetence like a

cash patelling

sick of these incompetents and these

like look at me performative [ __ ]

liars. Like I don't know what else to

say, but I was watching Obama and

Mandami thing. Uh they were promoting

universal free child care and singing

wheels on the bus. Did you see that

video?

>> It was it was it was very it was very

likable, human humane. It was really

nice.

>> Yes, it was so nice. I was like enough

of that the other [ __ ] the cash patells

and more of that. More wheels on the

bus. That's all I have to say. Anyway,

we want to hear from you. Send us your

questions about business tech or

whatever's on your mind. Go to

nymag.com/pivot

to submit a question for the show or

call 85551 pivot. Elsewhere in the Karen

Scott universe, this week on On with

Caris Wisher, I spoke with comedian

Nikki Glazer uh who is a new stand-up

special called Good Girl coming out

Friday on Hulu. She talked about uh how

overcoming fear pushes her to be the

best. Let's listen to a clip.

>> I love fear. I run into fear. Picture

fear as like a wall that you have to run

into. And so I was I kind of go into

that of like I know that my self-esteem

is built upon doing things that are hard

and conquering them. So I know that on

the other side of doing this horribly

uncomfortable thing is uh is me feeling

better about myself.

>> It's a great interview. Scott, you

reminded me of you a little bit. It was

interesting. I was I was talking to her.

It was interesting. I think

>> I like her because it's dirty.

>> She's also dirty. She talked about that.

Anyway, uh the the show is called Good

Girl and uh she's not always good in the

show, but actually she is. It's a she's

a really talented comic. I like her a

lot and very thoughtful and very funny.

That's the most important part. Uh okay,

that's the show. Let's thanks for

listening to Pivot and be sure to like

and subscribe to our YouTube channel.

We'll be back on Friday.