The Biggest Merger Ever | Ep. 050 Lemonade Stand π
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What is discussed at the start of this section?
So I wanted to trade some stocks.
Dumb idea already.
I flew to New York to the stock exchange. And I just yelled outside the building. Because that's what they did on TV.
Do you hold up a piece of paper? Hey, 40 on 40. Buy, buy, buy.
Sell, sell, sell. So it didn't work.
Yeah.
But where would I, so how do I do it?
I don't think you should trade anything. I think you will be financially ruined at your level of intelligence. Okay. You could go to tastytrade.com. At the very least, you could check out their tutorials where you can learn some of the corporate jargon.
I could go to tastytrade.com slash lemonade today.
You could do that today.
Tasty Trading is a registered broker dealer and member of F-I-N-R-A-N-F-A-N-S-I-P-C.
Welcome to the Lemonade Stand. First card. Why is Aiden so picky and needy and touchy on my cards?
I wrote that one.
Yeah. I think it needs to be discussed. Let's get the whole round table going. I reached for it because- Why did you reach for it?
Out of the corner of my eyes, I swear to God, that first card says squeaks. who is just someone I'm not prepared to talk about on the show. Ladies and gentlemen, today's main topic, Squeaks.
Elon Musk is purchasing XAI through his company, Squeaks.
Yes, he's merging Squeaks with SpaceX. Wow. Bringing sort of Squeaks' funny energy and the ability to launch rockets.
There's a quote here, I was considering Aiden, but Squeaks simply outperforms him on Mirage every time. That's not true!
That's not true of a higher rank dude! I was a couple, I was last week at least. That's not what Elon's saying. Elon doesn't know shit about gaming.
He doesn't know shit about, well, we'll find out. We had a lot of topics today, but the big one is that the world's largest merger, private merger ever just happened. between XAI and SpaceX. Nice. Now you may remember a little story here. Remember Twitter, the little blue bird? I remember it. I remember it. It was a business.
Imagine that, but in space now.
Yeah, imagine you take that and put that out into space.
Okay, name all the things you hate about Twitter. Name them.
Ooh, I hate the algorithm and the way that it primarily delivers me slop now instead of things from people I follow.
Now imagine that, but it's coming to you from space.
Is that changing? Does that make you... Are you back in? Are we at Grok?
Does that change anything?
If I'm being honest, I'm slightly more intrigued. I'm worried that the aliens' first contact with us will be through Grok.
Okay.
And they'll hate us. They will not like it. Grok is not a likable fellow.
Yeah, it's just a coin flip of like which of the satellites you hit. Is it the International Space Station?
You didn't mean no Russian up there or Grok or... Oh, there's the bird in space. Anyway, okay, remember Twitter. So Twitter is a company not doing so well when it was bought. It was like dead even. Barely, barely staying afloat. Their CEO was part-time. He worked at Square most of the time and then it was Jack Dorsey. So Elon buys it and puts a lot of that on debt, a lot of that on a credit card. He gets some Saudi help and he gets whatever. So it's a $44 billion purchase. A lot of it's through debt. He finds out quickly that his new changes to Twitter don't make any money. They're actually losing all the advertisers. And the ones that try to sell you the check mark, they don't make any. I read that viewer hours are up from Elon.
I've seen Elon make a lot of claims. I know for a fact it did not make a profit. And that's because not only did the revenue go down, but they had to pay the interest on the debt, which is a lot of money every month. So that all added up to being a net negative. And some of the people that helped him invest in that debt, the Saudis, and they were getting kind of mad. But Elon, he bailed them out. He went to his other company, XAI, which he also owns, and bought Twitter. XAI buys Twitter. XAI also loses money, but they're bigger and they're easier to attract funding because AI is a cooler buzzword. And maybe Grok is... gonna do something. I'm not a fucking expert.
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Chapters
8 chapters
1
What is discussed at the start of this section?
0:00β4:08
2
What is the significance of the merger between XAI and SpaceX?
4:08β12:20
3
How does Elon Musk's acquisition of Twitter impact SpaceX?
12:20β31:47
4
What are the potential implications of AI data centers in space?
31:47β51:45
5
How are indie games outperforming AAA titles?
51:45β52:27
6
What challenges do new games face in a saturated market?
52:27β53:50
7
How is AI influencing job security in various industries?
53:50β54:56
8
What are the implications of AI on critical thinking skills?
54:56β1:47:01
Speakers
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