Scott Galloway

Jonathan, this is what I put up with it.

My co-host pushes back on me before the guests can push back on me.

Let me just talk directly to my little Padawan bitch.

The reason why you'd want a tokenization between stocks is stocks traditionally trade on exchanges which are open 35 hours a week and also are very expensive to trade.

And also, why wouldn't you just put it on something that's 24 hours that's more efficient and lower costs of transaction and lower gas fees, if you will?

Let me help you out here, Ed, on how it actually impacts people at a ground level because you don't have kids yet.

So you go to the Taylor Swift concert.

My understanding is Live Nation controls somewhere between 50% and 70% of the tickets.

by dollar volume of all live events.

Is that accurate, Jonathan?

It's something extraordinary.

So you go to SoFi to see the Taylor Swift phenomena, and you see every white 15-year-old in Southern California

And as you're leaving the venue, all you see are all these dads in cargo pants, like hundreds of them on the terrace outside of SoFi because the tickets are $1,400 for shitty seats.

So the dads don't even go in.

They wait outside and they just sit there with their cargo pants tapping.

And then their parents go to the Oasis concert

And the ticket, a decent ticket was $2,300.

They paid 23 songs.

So when you're an old man like me and you don't wanna deal with traffic, you leave three songs early, which is like giving up $300 because of the monopoly.

It strikes me, and I don't know if anyone's done any research here, the inflation around live events has outpaced almost everything.