Pivot · Jun 19, 2026

Trump's Iran Deal, SpaceX’s Wild Ride, and Snap’s Specs

Automatic transcript of the end of the episode, from 54:34. Speakers are labeled by software and may contain errors. Highlighted passages are Scott’s predictions.

Kara Swisher · 54:34 Yeah. Specs sort of look like the Ray Bans. I'll tell you that. They definitely do. The the early specs. Scott Galloway · 54:39 This is dead on arrival. Snap is an innovative subscale company that should be searching for an acquirer right now. Kara Swisher · 54:45 Yeah. Who would buy them? Scott Galloway · 54:46 I don't know. I don't I don't know if don't know if Meta's allowed to. I don't I don't know. It's probably... Kara Swisher · 54:52 Someone... He's the chief product officer for so many Scott Galloway · 54:55 years. Even despite the fact the stock is now 90% or whatever it is in the last five years, it's still not... 6,000,000,000 is not chump change. Kara Swisher · 55:02 Yeah. Remember he was offered a ton of money to be bought by Zuckerberg? I think it was in the mill... It was in this area. Yeah. He turned him down. Scott Galloway · 55:09 Well, it's interesting. He... I think he was offered 3,000,000,000, and now it's worth 6 or 8. If it had been 3,000,000,000 in Facebook stock, that would be worth 30 or 50,000,000,000 now. Kara Swisher · 55:16 Yeah. Now I know. Anyway, good try, Evan. But, really, you don't look good enough glasses. I'm sorry. You don't? I like you, but may tell the truth. Alright, Scott. One more quick break. We'll be back for predictions. [Ad break] — Predictions segment begins — Kara Swisher · 57:36 Okay, Scott. Let's hear a prediction. I have to say, can I make one quick prediction? I was really struck by how... And I was just on The View, and I like those ladies of The View. But I thought they did a fantastic job with that interview with Jady Vance. Scott Galloway · 57:49 I agree. Kara Swisher · 57:49 I thought they did a great job. Scott Galloway · 57:51 Yeah. Kara Swisher · 57:51 And I have to say, I... Because I'd be thinking, like, someone was like, TV's over. I'm like, is all TV over, or can you innovate TV? And when you see things like that, you're like, they created a viral moment that was also substantive. There are ways to innovate in the broadcast space, I think. Not secular, because secularly, it's going down. But when I saw that, I'm like, there would be a way to do this that was, like... They did a great... They showed you could make products that are really people like, and I think it was viewed by a lot of people. It did, like, a huge social thing. And I was just like, good. Like, what would you do to innovate television? Was really... It made me start thinking. And I have to say I pay compliments to them because that's not where you expect. I think the best interview of him was done, I have to say, of all all of them. And I thought they asked exactly the right questions. They had the amount of fairness and fairness and quality and also had a lot of good side eyes. Sonny Hoston and and Anna had the best side eyes, but it was it was well done, I have to say. Scott Galloway · 58:51 Yeah. I agree with you, though. I I I thought they they did as good a job as... They were very respectful. They were pushed back when it was appropriate. I thought he did I thought he did the best he could with the hand he's been built Kara Swisher · 59:05 Yes. Scott Galloway · 59:06 Or dealt, I should say. Mhmm. I don't... You know, he was... You know, kudos to him. He wants to be president. Kudos to him. You gotta go into the Lions den. Kara Swisher · 59:12 Right? He Scott Galloway · 59:13 did. And I thought he was... Actually, in a weird way, I thought it was a win for both of them. I thought he came off as Kara Swisher · 59:20 It was well done. Scott Galloway · 59:21 More human. Kara Swisher · 59:22 Yeah. I thought it was well done. Here's the problem. He's... What they should... The only question they didn't ask him is the one they asked Kamala. How are... What would you separate yourself from? Scott Galloway · 59:30 Oh, it's a great question. Kara Swisher · 59:31 That's the one Scott Galloway · 59:32 I would differently? Kara Swisher · 59:33 What would you do differently? I would ask the... I would ask it exactly the same. Scott Galloway · 59:36 That's exactly right. Kara Swisher · 59:37 That that would have killed him. He could... Because he'd have to have the same answer Kamala did, which is not a thing. I can't think of a thing. He he couldn't say anything is the thing. So that would have been the killer question. Sadly, I was not there. Scott Galloway · 59:52 He wouldn't have come on if he were there, I don't think. Anyways, okay. So my my prediction is, and I've sort of already made it, an activist is gonna show up and force Evan either to sell or spin the specs division. They've spent 3,500,000,000 over the past decade on their fever dreams of a wearable with no real return, And they spend about a third of their adjusted EBITDA on specs per year. And better capitalized competitors, including Apple and Meta, are struggling to make this product category work. And if they spun or shut down their specs division, it's actually... It's not a great business, but it's a good business. And that is Snap, for all of its issues and being subscale, is only one of four scaled social networks. It has a billion monthly active users and nearly half a billion daily active users, said my children. Kara Swisher · 1:00:44 My my too. My kids. My sons use it. Scott Galloway · 1:00:46 Still like it. Snap has over 6,000,000 in revenue. It's still growing 10% a year, and it has a billion of subscription revenue growing 60% a year. If Snap if Snap were able to achieve Reddit's forward revenue multiples, it would be worth three and a half x what it is today. So, anyways, I think there's an activist play around saying to Evan, you have got to stop with the spec shit and either spin that into a separate company for other dumb people to finance. But the core business is a good business, and you've saddled it with a shitty business, and you don't have the capital to do that unlike these other companies that could go play in traffic. You can't... You have to be more disciplined in this, Evan. And the person or the entity that's gonna impose that discipline will be an activist that comes in and buys five to 10% of the company and says, shut this down or spin it. Think you're gonna see that [Ad break] Kara Swisher · 1:01:41 next few months. Scott Galloway · 1:01:42 Know, I always go to the I always go to the same people, but there's activists everywhere now. Kara Swisher · 1:01:47 Yeah. You're That's right. Scott Galloway · 1:01:48 You're about to see, quite frankly, you're about to see 20 new hedge funds from former SpaceXanthropic and OpenAI employees. Do you... You know what I'm saying? I was... I had dinner with a group of friends last night. My friends Fernando and Tony and Steven last night at Roof Gardens. Beautiful night care. Beautiful night. And then we watched Team England. Oh my god. Was that — Predictions segment ends — Guest · 1:02:12 in New York or Scott Galloway · 1:02:13 Four two. [Ad break] Scott Galloway · 1:02:14 in London. Kara Swisher · 1:02:15 London. Okay. Scott Galloway · 1:02:15 And were saying, and granted, are... Do you realize how expensive, like, Europe is gonna be this summer with all these newly minted douchebags headed to Europe this summer? Mhmm. Like, can you... I mean, I can't wait to see... I'll just hear about it. What a table in Ibiza class. Kara Swisher · 1:02:36 Ibiza. Scott Galloway · 1:02:37 For a big event. When you have a bunch of 34 year old... And let's be honest, they're almost all dudes. When you have a bunch of 34 year old dudes who woke up and are like, worth 11,000,000, the first thing they're gonna do Ibiza. Is head to Saint Tropez this summer. Kara Swisher · 1:02:51 Saint Tropez. Scott Galloway · 1:02:52 And I I said I said Sanc... Kara Swisher · 1:02:54 Is it Saint Saint? Scott Galloway · 1:02:55 Saint Saint. Kara Swisher · 1:02:56 Saint Scott Galloway · 1:02:56 Saint. 55. Yeah. I'm like, do you realize how expensive? Kara Swisher · 1:02:59 Radish costs $50. Scott Galloway · 1:03:01 I mean, we talk about San Francisco real estate. Just wait till you see what the price of a bottle of bottle service is. Kara Swisher · 1:03:06 Yeah. Scott Galloway · 1:03:07 You know? Kara Swisher · 1:03:08 Well, that's why you're paying when we're there next week, Scott. Scott Galloway · 1:03:10 Baby, I always pay for you. I always pay for the women. Kara Swisher · 1:03:12 I know you Guest · 1:03:12 do. Scott Galloway · 1:03:12 I think I'll mention I always pay for the women. Kara Swisher · 1:03:14 I'm highly I sexist by really don't like when things cost ridiculous amounts of money. It makes me Scott Galloway · 1:03:19 Unless it's at the Hotel du Cap with the dog. [Ad break] Scott Galloway · 1:03:22 Have the children. Penny. Another bottle of rose for my friend who doesn't drink. Kara Swisher · 1:03:27 Guess who I'm bringing? The children. And he was like, wait a minute. Scott Galloway · 1:03:31 Maybe don't invited. I forgot about that. Kara Swisher · 1:03:33 Oh, yes. Exactly. That's what I thought. Yeah. You were very sweet with them in the pool last Sunday. Scott Galloway · 1:03:36 Your kids are less awful than most kids. Kara Swisher · 1:03:38 No. Kids are... They're great. Scott Galloway · 1:03:40 I do think... Wait. I just gotta reveal that one moment, though. I'm at the Hotel de Caffreau with you, Amanda, and your two kids. And I'm going down to the pool with Amanda and the kids. I'm like, you wanna come down with us? And you're no. And please just keep them down there as long as possible. And you literally just splayed on a chair. [Ad break] Scott Galloway · 1:04:00 I knew you swim. You gave me kind of that dad to dad look. You go, Kara Swisher · 1:04:04 just do me a favor. Scott Galloway · 1:04:05 Keep them down there as long as possible. Keep Amanda and the kids down there as long as possible. Kara Swisher · 1:04:10 You like to swim. I don't like to swim. I'm like a cat. I don't like to swim. So there you have it. Scott Galloway · 1:04:15 So then I I can't wait. Kara Swisher · 1:04:16 Do you have your, what is it, zodiac? Do you have the zodiac ready? Scott Galloway · 1:04:19 Oh, I hired the same guy. He'll show up. Kara Swisher · 1:04:21 Wanna I ride in the zodiac where you almost try to push me out. Scott Galloway · 1:04:24 All I know is he always... He somehow manages to to navigate that thing with a lit cigarette at all times. Kara Swisher · 1:04:31 I love you in the zodiac. Scott Galloway · 1:04:32 I pay him. I pay him, I think. I I think I pay him, like, €800 a day, and he just circles the hotel and waits till I'm ready to go somewhere and Zooms me there like, fucking James Bond. Kara Swisher · 1:04:42 I wanna ride in the zodiac this year. Take Saul in the zodiac. You'll kill him, though. My son is already a a 34 year old hedge fund zillionaire. He just hacks. That's how he Scott Galloway · 1:04:52 goes through Kara Swisher · 1:04:52 life. 4.5. He's like Scott Galloway · 1:04:54 He's ordering bottle service? Kara Swisher · 1:04:55 As a matter of fact, I do own the world. He's ordering Scott Galloway · 1:04:58 a bottle. Yeah. Kara Swisher · 1:04:59 Anyway, I'm very excited. By the way, we're we'll be in France, and we'll be doing a live pivot, which we're very excited about, and hanging out on the Croissette. Scott Galloway · 1:05:07 We're doing a live pivot? Kara Swisher · 1:05:08 We are doing a Scott Galloway · 1:05:09 live Yes. Are. Alright. Speaker · 1:05:12 What do Kara Swisher · 1:05:12 you mean you did not know that? Scott Galloway · 1:05:14 I did not know that. Speaker · 1:05:14 What? Oh my god. Kara Swisher · 1:05:17 Recorded live. We're gonna record it live. I mean, not broadcast live, but we are gonna be together. Oh my god. Scott Galloway · 1:05:23 Nice. Where are we recording it from? Kara Swisher · 1:05:25 Just show up where MJ tells you. Scott Galloway · 1:05:26 Okay. I'm in. Kara Swisher · 1:05:28 We wanna hear from you. Send us your questions about business, heck, or whatever's on your mind. Go to nymag.com/pivot to submit a question for the show, or call 85551 Elsewhere in the Karen Scott universe this week on profg conversation, Scott spoke with the legend Heather Cox Richardson about the future of American democracy, the state of both political parties, and what history suggests comes next. Scott, you did a great job. I have to tell you. Let's listen to a clip. Guest · 1:05:54 It does raise a larger question, I think, about where The United States is in this moment. And that is, obviously, this is hitting consumers incredibly hard. They were already hurting from the tariffs. Now they're gonna be hurting even more from the rising cost of diesel and the cost of what that's gonna do to food and gasoline and so on. But to what degree is the corruption and the incompetence and the self dealing among Trump and his inner circle affecting the way that ordinary Americans who are not paying a lot of attention to that because they're working three jobs to put food on the table. You know, to what degree do those things speak to each other? Kara Swisher · 1:06:38 That is a very good point. I do think the algae. The algae. I think it's a... It unites us all. Anyway, that's the show. Thanks for listening to Pivot. We'll be back next week, and congratulations to New York Knicks, especially, the Brunson family. He... There were some pictures of him with his daughter. Scott Galloway · 1:06:53 Lovely. Guest · 1:06:54 Yeah. Love... Kara Swisher · 1:06:54 But they all really exhibit masculinity and Agreed. And community in a way that is wonderful. So congratulations. I hope everyone's having a good time right now at the ticker tape parade. And we'll we'll be next week in France, Scott and I. So we'll we'll... I hope you'll enjoy our shows from there. Anyway, Scott. Scott Galloway · 1:07:13 Today's show was produced by Lara Nayman, Tony Marcus Taylor Griffin, Todd Wiseman. Ernie and Richard interviewed this episode. Thanks also to Drew Bros, miss Severian Dantrolon, Jacques Curroz, Vox Media's executive producer podcast. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from Vox Media. We'll be back next week for another breakdown of all things tech and business. The oatmeal savages descend on your wee lasses in Boston. Go Tartan Army, Scotland. [Ad break] Speaker · 1:08:58 Running a business shouldn't feel like surviving a software group project. One app for accounting, another for inventory, another for sales, and somehow none of them talk to each other. 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