Is Reddit Undervalued? + Netflix Goes After Podcasts
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Hey, this is Peter Kafka. I'm the host of Channels, a podcast about technology and media and how they're both changing all the time. And this week, I'm trying to figure out how Donald Trump is changing the media in Washington and the courtroom and in the boardroom. On to help me figure it all out is Sarah Fisher, the excellent Washington-based media reporter for Axios. That's this week on Channels, wherever you get your favorite podcast.
Buying a house has long been considered the best way to build wealth and move into true adulting.
Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.
Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning, wherever you get your podcasts.
Today's number, .004%. That's the chance of being born with a genetic mutation that allows you to sleep less than six and a half hours each night without any ill effects. True story. Last night, I had six hours of straight sleep. The other two were gay, but I woke up fulfilled.
That's wrong.
Let's enjoy it while it lasts. Today's discussion on property markets. I'm out of breath, by the way, because I did about seven minutes of working out. Yeah, I can tell.
I can hear it.
Oh, my gosh. What was that? Some push-ups? I saw you doing something off mic. Secretary Hegsatz said that he did five rounds of 47 push-ups. So I'm committed to doing five rounds of 48 because I'm already very excited about whoever's going to be 48. And I did two sets of 48. So I'm trying to figure out, I'm on TikTok and YouTube, trying to figure out how to increase your push-up numbers. Strength. But anyways, Ed, what's going on with you? What's going on with you as I try to out-push up the DUI hire, Secretary Hegseth? What's going on with you?
Yeah, I'm doing pretty well. I'm in Mexico City, heading to Puerto Escondido tomorrow.
Hola, Eduardo. ¿Dónde está la biblioteca? Where are you staying? It looks like a nice hotel.
Casa Miraval. It's not that nice. It's okay. It'll do. Yeah, I'm heading out tomorrow. We're going to Puerto Escondido. It's going to be great. I had tacos for breakfast, lunch, and dinner yesterday.
That's the five food groups.
What's Mexico City like? It's a hot city right now. It's great. I haven't seen that much of it yet. One thing I did notice that was kind of interesting is there are BYD stores and BYD ads everywhere. I haven't seen a BYD vehicle yet, but it is interesting. I mean, I've seen it at least five times. You never see that in America. So clearly China's trying to push that in Mexico, which is kind of interesting. But yeah, it's a beautiful city. It's a good time. Going to Contramar later tonight. Apparently that's the great restaurant. Maybe we'll check out the Soho House. It'll be good.
Ask me what my favorite place to vacation in the world is as someone who's been literally everywhere. What is your favorite place to vacation in the world? Mexico. If I could only vacation one place... Would it be Mexico? I think it might be Mexico. Maybe Italy? Mexico, yeah. Really? Yeah, it's fantastic.
Over France, over Italy, over Greece, Mexico wins.
Oh, yeah. You have it all in Mexico. You have culture. You have amazing food. The pricing is crazy.
I mean, everything's been crazy cheap.
I had, like, great meals, and it's been, you know... It's like getting sweet green, practically. It's got sort of that Mykonos amazing beach, beautiful water vibe for about 40% of the price. And the people are friendlier. Also, it's got extraordinary architecture, incredible food. I just absolutely adore it. Max, anyways, I'm glad you're there.
Glad you're glad. And before we get into the show, I just want to promote the Markets newsletter. So we've expanded this show into a new weekly newsletter. We're breaking down key market moves with data-driven analysis and crisp visuals every Monday. So please subscribe now at profgmarkets.com. I think the newsletter is pretty great.
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