Zaid Admani

Kind of surprising.

it's not down a lot more.

Overall, though, it's been a pretty tough week to be a social media platform.

Let's wrap the show with a fun fact.

The NBA is expanding for the first time in over 20 years.

The existing 30 owners in the NBA unanimously voted for the league to look at adding teams in Las Vegas and Seattle.

And what blows my mind is the price tags being thrown around.

The

The league expects the bids for each new team to be seven to $10 billion each.

To put this into perspective, the last time the NBA expanded was back in 2004.

At the time, Charlotte was sold for $300 million.

So we've gone from 300 million to potentially 10 billion in two decades.

I mean, that's more than a 30X jump in price, and it just shows you how valuable sports teams have become lately.

Now, the money that's collected from these new teams will be split equally by the current 30 owners.

So assuming they get $10 billion each for the two teams, that's $20 billion total.

So that means that each owner will get around $660 million each.

I guess that explains why the NBA owners voted to expand.

Personally, though, as an NBA fan, I have mixed feelings about this.

I think there are like 10 teams actively trying to lose games right now, and we're going to be adding two more teams?

So yeah, I'm not sure how I feel about the expansion.