Scott Galloway · 58:18
Should be gender gender neutral. I think if you're applying to me in a combat position, you have to qualify be able to... By being able to drag somebody 90 feet if they're wounded. I get that. But the reality is today's combat is more about... It's like, I think I would bet less than 2% of our armed services. And you know who are also warriors? The man or the woman that agrees to get in the driver's seat and drive a fucking fuel tank across a highway of IEDs. I mean
Kara Swisher · 58:45
That's correct. I mean, the whole thing is... It was such an embarrassment. And listen. President Pete, you're not gonna be the Pete that's president. It'll be it'll be Buttigieg.
Scott Galloway · 58:54
Oh, let's hope he's the Republican nominee. Let's pray that he's the Republican enough. If he runs for president on the Republican side, I will donate money to his campaign because that means the next president is gonna be a Democrat.
Kara Swisher · 59:08
Literally. He makes Sarah Palin look smart. It was such a disaster of you pee, and I... You got totally... They they shoved other people who don't agree that you should get this little fancy fancy shine up shoved. There was a whole machination happening among Republicans on how Trump ended up there, who also, by the way, when he said cities should be used as training grounds, that is dangerous and scary and ridiculous. And I'm sure those military people all thought that.
Scott Galloway · 59:33
Just as long as he doesn't use the n word.
Kara Swisher · 59:35
Oh, I know. Yeah. Don't use it. Oh god. YouTube... Lastly, YouTube will settle a lawsuit over banning president Trump's account for over $24,000,000. YouTube banned Trump's account in 2021 after January 6 and reinstated it, later. The settlement funds will go to building the new White House Ballroom. It's so ridiculous. As a reminder, other big tech companies have done the same with similar lawsuits with Meta settling for 25,000,000 and X settling for 10,000,000. Ugh. God. Why are they selling? They did nothing wrong at the time. It was very dangerous, and they reinstated. It was the right decision at the moment, and they shouldn't be paying off these bribes. That's what they are. They're bribes. I don't know. Your thoughts?
Scott Galloway · 1:00:12
Yeah. I keep waiting for someone just to hold the line and say no. I mean, all it means is they're... He's gonna... They're gonna come back again. You're setting a really terrible precedent. I don't... I mean, these companies are the same companies that fight people tooth and nail when their 15 year old gets gets... Is served content that encourages suicidal ideation and self harm. They'll go to the mat for that shit. But when it comes to the president being butthurt about something that was said, they'll settle for tens of millions of dollars.
Kara Swisher · 1:00:44
Ridiculous. They look like such toadies. They look like toadies, these unctuous, right down to Sundar Pichai. I like Sundar Pichai, Sundar, you're an embarrassment at this moment to me. I have to say, I've known you for many years, and I know you don't care what I think. But just really... I I get your little... You shoulda held out. You'da looked smarter. Alright, Scott. One more quick break. We'll be back for predictions.
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— Predictions segment begins —
Kara Swisher · 1:03:16
Okay, Scott. Let's hear that prediction. I'm curious who you think is going private. How interesting. What's a fallen angel?
Scott Galloway · 1:03:22
Well, we we talked about this. My picks were... And this isn't my prediction, but there's just some really big iconic companies that have a lot of IP and revenue that probably should be either acquired or taken private. My favorites were Boeing, Intel, and Target. But I think you're about to see... And we predicted this. By the way, the... Our prediction at the end of beginning of this year was that M and A was about to boom again, and it was in a deep thaw at the beginning of the year. What did the investment banks announce? Record M and A. The universe of companies that Palantir can potentially acquire right now has gone up a thousand x.
Kara Swisher · 1:03:59
Yeah. It's... If you don't do it, you're stupid. Right?
Scott Galloway · 1:04:02
Their banker can show up. Well, when you're trading at 100 times revenues, anything you acquire that's trading at less than 100 times revenues, which is every company on the planet, is accretive to your earnings. The way I would describe it is, if your stock doubles, then effectively everything else has become 50% less expensive. And I think we're gonna see a titanic acquisition or merger from Netflix. I think there are so many existential threats, clouds forming around Netflix right now with some of this. I mean, Sam Altman putting out these kind of AI driven videos and saying it's so you can communicate with your friends and family. That is a lie. He's doing this and trying to pretend it's friendly such that every Hollywood producer starts going, Jesus Christ, why can't we start producing films for 3,000,000 instead of 300,000,000? So I think there's some real existential threats to a stock that is now worth, you know, I don't know, 440,000,000,000 or... Stock... By the way, one of my great investments, I bought Netflix at $12 a share. It's now at 1,146. The part of the story I left out is I sold it at $10 a share to take the tax loss and never bought back in. But basically, Netflix now has a 4... Almost a $500,000,000,000 market cap. And I think they face some real threats.
Kara Swisher · 1:05:30
They need to do something. Yeah.
Scott Galloway · 1:05:31
Well, the merger... The gangster merger of the ages would be the following. Netflix and Disney. Because look at... It's very synergistic.
Kara Swisher · 1:05:43
Oh, and Ted could run Disney. How fantastic.
Scott Galloway · 1:05:46
Ding, ding, ding, ding. So there's this co CEO, this guy named Greg Peters. I saw him speak at Cannon. Thought, Jesus Christ, this guy is He so
Kara Swisher · 1:05:55
is bright. Is So Bella By the way, let me note a woman who's at the top of that business. Bella Bajaria is doing all the programming. Amazing.
Scott Galloway · 1:06:02
They have an outstanding... And then Ted Sarandos is, like, built in a factory of lesser... From parts of lesser CEOs. He is so good. I I saw him on stage recently, and they asked him these really pointed questions.
Kara Swisher · 1:06:16
Yeah. I like Ted.
Scott Galloway · 1:06:17
Well, first off, he has the primary competence of any great CEO, that is he has outstanding hair.
Kara Swisher · 1:06:23
Yeah. He has good hair.
Scott Galloway · 1:06:24
He has very good hair.
Kara Swisher · 1:06:25
Good with talent.
Scott Galloway · 1:06:26
Good with talent. Smart. Not afraid of anybody. Any question, he handles it. The guy literally reeks up aplomb. Anyway
Kara Swisher · 1:06:34
Aplomb. You're a plomb, Ted.
Scott Galloway · 1:06:37
Aplomb. Leadership right now is Neville Chamberlain in a cashmere sweater minus the dignity. Right? That's their... And who the fuck... And then the number two is a woman who's gotten dragged down by the kimble shit. They are desperate for leadership. What does what does Disney have that is absolutely singular and can't be threatened by open AI? It has the parks and cruise lines, But the IP at the parks, Cinderella and Darth Vader, are getting tired.
Kara Swisher · 1:07:04
Put stranger things in there.
Scott Galloway · 1:07:05
Stranger things. Wednesday. Wednesday. You imagine Oh my stranger things ride at Disney?
Kara Swisher · 1:07:11
Amazing. Hunting wives, the whole lesbian ride for me.
Scott Galloway · 1:07:14
Get... The streaming market, you have Netflix and Disney. It's over. Hulu.
Kara Swisher · 1:07:20
Hulu's in there. Remember?
Scott Galloway · 1:07:22
You have you have Disney, Netflix,
Kara Swisher · 1:07:23
geographic is in there?
Scott Galloway · 1:07:24
It's over.
Kara Swisher · 1:07:25
Over. I love it. It would give them such help.
Scott Galloway · 1:07:27
They own... They would own place based entertainment, and they would own streaming media. They would own cruises, parks,
Kara Swisher · 1:07:35
and Also, Netflix is going into live events too. Also, comedy. Comedy. They don't comedy.
Scott Galloway · 1:07:40
It solves it solves their leadership problem.
Kara Swisher · 1:07:42
Yeah.
Scott Galloway · 1:07:43
This would be... Anyways, 220... 210,000,000,000 or 200,000,000,000 Disney, 450,000,000,000 Netflix. Netflix would own, call it, 70% of the combined companies. This would be the first trillion dollar pure play entertainment
Kara Swisher · 1:07:58
When they get passed by by Well,
Scott Galloway · 1:08:00
that's the thing. Might now.
Kara Swisher · 1:08:02
It might now. Yeah. Or maybe not.
Scott Galloway · 1:08:04
They can't... If there's a debt... They couldn't have done it seven months ago.
Kara Swisher · 1:08:07
Ted's pretty democratic. Remember, Ted's pretty, like, down democratic highway. So
Scott Galloway · 1:08:12
But my point is, as soon as there's... Under Biden, it couldn't happen, and if there's another democratic administration, it won't be allowed to happen. This is the window.
Kara Swisher · 1:08:21
Let me submit your deal. Snapchat.
Scott Galloway · 1:08:23
Snap's Snap's probably more trouble than it's worth.
Kara Swisher · 1:08:25
Not really. It's like a great system. They can shove all kinds of shit on it. Like, why not own it? Like, the way Alison owns TikTok.
Scott Galloway · 1:08:32
Because it's kids, and it's Nice.
Kara Swisher · 1:08:34
It is. So is Disney.
Scott Galloway · 1:08:36
No. But there's not a feature. There's not a feature.
Kara Swisher · 1:08:39
Put it on your on your... In your saucepan.
Scott Galloway · 1:08:42
There's not a feature on on Disney Channel that lets you see people around you, the drug users... The drug dealers are using. People don't people don't go on the Matterhorn and start self cutting.
Kara Swisher · 1:08:52
Snap is Okay.
Scott Galloway · 1:08:53
Alright. Snap has got real issues. I don't think they want near it. I don't think Ted surround us would want anywhere near Snap.
Kara Swisher · 1:08:59
Alright. I'm just saying they'll go on a social platform too. Think about Tesla and Snapchat. Okay. That was a great prediction. This feels like your Whole Foods one. I like it. I love it, and I think it has to happen. I'm gonna tell Ted to do it. Okay? We wanna 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 And don't forget, we're going on tour. We'll be coming to Toronto, Boston, New York, DC, Chicago, San Francisco, and LA.
— Predictions segment ends —
Scott Galloway · 1:09:29
Because we hate Arizona.
Kara Swisher · 1:09:31
We hate... We don't. We love Arizona. We'll go there sometime. I love Arizona. But, anyway, we're very excited to see the fans. We are gonna be there for you. We're gonna try to put on our best show. We're gonna dress up. Scott's gonna do a strip tease. I have some surprises for Scott that he doesn't know about.
Scott Galloway · 1:09:47
You know it.
Kara Swisher · 1:09:48
Visit pivottour.com for tickets. Anyway, before we go, I just wanna mention legendary conservationist Jane Goodall, who died this week at age 91. I had the opportunity to speak to her back in 2020. Let's listen to a brief portion of that interview.
Guest · 1:10:03
I will never ever believe that the way for change is confrontation and aggression because people change when you reach the heart. And so, you know, when people ask me, what do you do when you meet somebody who's behaving in a way that you really dislike or something? Try and find a connection. Maybe they have a dog or a cat or a horse or a child or something just for one minute if you have a short time to talk to them. Event stories. Tell stories.
Kara Swisher · 1:10:38
Oh, what a what an amazing woman. An amazing life. An amazing life. BJ Goodall, everybody. Just was... I love that interview. It was fantastic. Anyway, Scott, by the way, you've been fantastic today. I don't know what's in your Wheaties, but very fine.
Scott Galloway · 1:10:53
Thanks for saying that, Karen. That's generous of you.
Kara Swisher · 1:10:55
Lots lots of stuff. You're not Jane Goodall, but you're on your way. And and and, again, send me Scott AI because I'm gonna I'm gonna have some times with him. Okay. That's the show. Thanks for listening to Pivot, and be sure to like and subscribe to our YouTube channel. We'll be back next week. One special thing, Clara Joe, Swisher Cats, happy sixth birthday this weekend. We're very excited to have a fantastic mermaid party.
Scott Galloway · 1:11:18
Nice.
Kara Swisher · 1:11:19
And now read us out.
Scott Galloway · 1:11:20
Today's show was produced by Lara Nayman, Zoe Marcus, Taylor Griffin, and Kate Gallagher. Ernie and her Todd engineered this episode. Jim Mackle edited the video. Thanks also to Drew Burrows, miss Severo, Dan Chelan, and Anika Robbins. Nishat Karwa is Vox Media's executive producer of podcast. Make sure to follow Pivot on your favorite podcast platform. Thank you for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at nymag.com/pod. We'll be back later this week for another breakdown of all things tech and business care. Have a great weekend.
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Scott Galloway · 1:13:17
fall
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