Scott Galloway

The company reported net income of 80 million in Q4 alone, so it's hit that tipping point.

Again, over 100 million households have Roku at the end of 2025, and device hardware still runs at negative gross margin, but they sell hardware at a loss to capture platform users.

I would argue that Roku is arguably

the most important media company that people have never heard of.

I think the most significant thing here is that we've never seen such engineered manufactured scarcity.

There was tens of billions of dollars of demand for this IPO that has never existed for an IPO before.

And then you combine it with the fact that unlike other IPOs that went public on the NASDAQ, it didn't have to float more than 10%.

It only floated 5%.

So you've just created manufacturer scarcity.

Now, to be fair, it's up again today.

So this has created a level of excitement in the market.

I do think you have to highlight the positives here, and that is I never want to be someone that demonizes success.

There are 14 new billionaires in Texas that you've never heard of.

Those people will give money away, they will start new businesses.

Something that's uniquely American is that we continue to produce companies like this and entrepreneurs like

Elon Musk, it's going to create a lot of economic growth.

You're going to see a surge in philanthropy from Berkeley to the University of Texas.

It inspires a lot of people.

There's a lot of positives here and we're seeing venture funding increasing.

in space-related projects.