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The president of things, you know, on, you know, social media. Right. Kind of an elementary mistake, you know, if you're a government contractor, lawsuits. That's right. That's right. Elementary mistake. And so again, I think PT never gives up. Makes some elementary mistakes. There's a lesson there. Lesson in there. Lesson in there for sure. Let's pull up this post from Andy showing a visual guide to the SpaceX IPO while I tell you about Codex. Codex is a powerful workspace for getting work done with AI agents. Whether you're writing code, analyzing data, creating content, or automating business workflows, Codex helps you move projects forward from start to finish. So what is this saying? What's going to happen here? This is technical analysis. Okay. This is technical analysis. And he's saying that it's going to pop on IPO day, sell off for three straight years and then go to the moon. Is that. This is that. And he's basically saying that everyone's going to be taking victory laps if the stock trades down.

With him on chess.com. have you seen this? Oh, yeah. Do we need to play this? We need to play the video of a gentleman on Instagram who found Peter Thiel's chess doc.

Go on for years due to a heavy investment in business. Amazon was founded in 1994 and didn't make a profit until 2003. And a lot of people are taking a victory lap today over Aswath Damodrin, the NYU finance professor who I have a ton of respect for. But he was very skeptical about the Tesla IPO when that went out. And everyone reasonable in the finance world was saying, well, the valuation is disconnected from the fundamentals compared to any other car company. Compared to any other company. Doesn't make sense. But of course, the, the revenues did grow, the earnings did materialize, they did wind up making money, although the stock is still very highly valued. Because Elon's pitch is a very large vision. Elon companies can stay disconnected from the fundamentals longer than you can stay solvent. And that's what Stuart Kirk is arguing in the Financial Times. He says terrestrial valuations don't apply when it comes to Elon. And that is something that I think a lot of people have internalized. Trust the plan. Yes. So trust the plan. Enter SpaceX on 95 times.

Place. It's a massive day today. SpaceX IPO, priced at $135 a share, opened at 150. Where is it right now? Jordy, are you on it? Do you have the price? Oh, the price is up there. Okay, now we're getting the endless mirror. You can pull up the price, but here we go. We'll be tracking it throughout the show, so stay tuned. It's $2.28 trillion company 172$172 a share. I had Tyler and Jordi submit confidential estimates for where the stock would be at noon. Effectively, Jordi went with a market cap based estimate. Tyler went with a share price estimate, I think, which is what I was told. I went with a percentage based estimate. You can translate between all of them. We'll get there. But the stock's doing well. The IPO is successful, I would say. There's been a bunch of chatter back and forth, bull cases, bear cases, but overall, it's hard not to look at this as a success. The, you know, Bill Gurley doesn't want a crazy pop on day one, doesn't want it to go up 100% if we're in 10, 20, 30% range for something this big that just feels like everything came together properly and so, so far, looks really, really good, healthy. So at noon we will check in with our predictions and see who won their. There is an exciting prize for the winner, by the way. It will be revealed at noon as well. There's been a ton of coverage. We can pull up this video from Gwen Shotwell, who is the president of SpaceX and has been on an absolute.

On a spaceship, a starship in New York, and you'd be in Tokyo in 30 minutes because you would have gone all the way to space and back, and it would land. I think that's still.

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All in one place. It's a massive day today. SpaceX IPO, priced at $135 a share, opened at 150. Where is it right now? Jordy, are you on it? Do you have the price? Oh, the price is up there. Okay, now we're getting the endless mirror. You can pause the price, but here we go. We'll be tracking throughout the show, so stay tuned. It's $2.28 trillion company 172. $172 a share. I had Tyler and Jordi submit confidential estimates for where the stock would be at noon. Effectively, Jordi went with a market cap based estimate. Tyler went with a share price estimate, I think, which is what I was told. I went with a percentage based estimate. You can translate between all of them. We'll get there. But the stock's doing well. The IPO is successful, I would say. There's been a bunch of chatter back and forth, bull cases, bear cases. But overall, it's hard not to look at this as a success. Bill Gurley doesn't want a crazy pop on day one. Doesn't want it to go up 100% if we're in 10, 20, 30% range for something this big, that just feels like everything came together properly and so, so far, looks really, really good, healthy. So at noon, we will check in with our predictions and see who won. There is an exciting prize for the winner, by the way. It will be revealed at noon as well. There's been a ton of coverage. We can pull up this video.

This week. Congrats to Christian Garrett, congrats to Justin and the rest of the team over there. Heard in the chats I put $1 million SpaceX order through a private bank and just got filled. Only 50k, 120th of what this individual asked for. Most people I spoke to have gotten even less. We had some folks on the team put in orders for 20 shares. 50 shares? 100 shares and only get a small fraction of that. How much did you get, Tyler? I got 12. 22. 22 shares. But you requested more. Yes. And then. Yeah, I mean, we've had a lot of people. They say they only got one share. Brutal. The one share wonder, that's almost worse than zero shares because you can see it in your portfolio. Yeah. What if they could give you short interest? They're like, you asked for five shares, but we give you negative one share, we give you the inverse etf. Actually, it's over for you. Yeah. I was. I was surprised by this. Yeah. Given the offers that were. Given the offers that were flying around. I got offered like a 50 million dollar allocation. Obviously not. Wasn't gonna take that down myself, but I just. Wow. Just say you risk off. No, I. But I. But I responded to the guy and I was like, I don't even know. I'm not even gonna text anyone because, like, it feels like this is. There's like so much allocation available for everyone that it's kind of. It's just not even worth firing off tax. But turns out there was a lot more demand than supply. It's making its way through.

Justin and the rest of the team over there heard in the chats I put $1 million SpaceX order through a private bank and just got filled. Only 50k. 1 20th of what this individual asked for. Most people I spoke to have gotten even less. We had some folks on the team put in orders for 20 shares. 50 shares, 100 shares, and only get a small fraction of that. How much did you get, Tyler? I got 22. 22 shares. But you requested more. Yes. And then. Yeah, I mean, we've had a lot of people. They say they only got one share. Brutal. The one share wonder, that's almost worse than zero shares because you can see it in your portfolio. Yeah. What if they could give you short interest? They're like, you asked for five shares, but we give you negative one share. We give you. We give you the inverse etf. Actually, it's over for you. Yeah. I was. I was surprised by this. Yeah. Given. Given the offers that were. Given the offers that were flying around. I got offered, like, a $50 million allocation. Obviously not. Wasn't gonna take that down myself, but I just. Wow. Just say you risk off. No, I. But I. But I responded to the guy and I was like, I don't even know. I'm not even gonna text anyone. Cause, like, it feels like this is. There's like so much allocation available for everyone that it's kind of. It's just not even worth firing off text. But turns out there was. There was a lot more demand than supply. It's making its way through the.

Sure. Everything's on the line, John. Everything is on. I was laughing about how you wouldn't take a side on the. On the dog walker versus the dentist. I was like, dog walker, dentist blind. Who you going? And you were like, I can't possibly. I couldn't possibly, in the name of good television, just pick a random side for the dog walker or dentist. Yeah. Beach debate. The beach debate. We never got your answer. And you were like, I need more information. I can't possibly make a call. It's such a tough one because I don't pick one randomly. Why? Here's why it's tough for me, John. Okay? I have never in my life hired or worked with a dog walker. Yeah. My family growing up had a couple dogs. Yeah. We walked our dog. Yeah. Like, we never. You've been to the dentist. I was the dog walker. Yeah, you've been. You're not your own dentist, though. Why are you just going dentist? I've never had a cavity. Every time I go in there, I guess I'm blessed. Okay. Every time I go in there, they're like, looks good, boss. Okay. And I just head out. So equally useless. Equally useless profession. So flip the coin. It's tv useless profession. No, I just don't have the. No more of that connection. I need, I need. What about the. Why don't you fall back to, like, the economic power of the dentist industry versus the dog walking industry? Like, if you had to pay a job, if you were trying to get a bag. I respect dog. Oh, you would go dog walker. Oh, you would be an elite dog walker over a mid dentist. Here's, here's. Two. Here's, like, here's kind of my thing. Yeah, yeah, yeah. There's a guy in my neighborhood. Yeah. Who is walking dogs in my neighborhood all day long. I'm like, who? Like, a lot of people in my neighborhood don't work. They're just home all day. Like, why aren't you walking your dog? But I think it's amazing that this guy is just like, he's printing, clearly printing all day long, just going for walks, hanging out. He's listening to music, hanging out. Nice guy. He picks up the sounds like you're going dog walking up the poop when he. When my lawn. Yeah, it's great. I appreciate it. We have a, you know, good relationship. Maybe wish he wouldn't do that, but okay. We have a fine relationship. But then dentists. I could get really excited about a dentist if they were. You're still torn. You're still. You're still not taking this private equity backed roll up. Okay. Okay. Well, that's an option. Dentist was kind of a figurehead for. For some PE firm. Be able to deploy huge amounts of capital to rolling up family practices and raising prices. What if you're a dog walker, you earn so much money you start being able to buy small dentist shops. Rolling them up, you flip from dog walking into dentistry. Well, that would be the way. We don't know much about this story, but we do know there's a conflict. Yeah. But that would be the way for the dog walker to strike back is by the dentist. So final, final answer come in. What side are you picking? If the dog walker will commit to no conditionals. Why can't I. Why can't I have conditions? You can't have conditions because that's the rules that I'm laying down. You got to pick one dog walker dentist. Whose side are you on? Dog walker. There we go. Finally we got. But I'm going to put what. I'm going. I'm going to put a heavy. The whole point of a serious amount of pressure. I'll just take dentists. I'm going to defend that and steel, man. I'm going to put a serious amount of pressure on the dog walker and I will provide the financial backing to acquire the dentist practice and shut it down. Because I know they have. I know they have some conflict. Yeah. And it sounds like it's over the beach. It's really not that personal. Yeah, yeah. And access to the beach. But I think there's an opportunity to make it personal. And I think at this point, if they're getting written up in the journal about this conflict, I think they should make it. They got to figure out how to make it personal. And I think buying the dentist practice and then shutting it down or as a high. No, no. You can raise an spv. You can put the capital together. And I would be willing to. You know, I need to meet the guy first. But I'm at least moderately interested in providing at least some of the backing for the. I gotcha. Well, let me tell you about Crow strike. Your business is AI. Their business is securing it. CrowdStrike secures AI and stops breaches. Let's play this.

I seriously couldn't believe it when I first divided the Target valuation of $1.8 trillion by the last 12 months of revenues. I laughed so hard the wine I was drinking shot from my nose. This is the most, this is the most financial article I've ever read. But he's not saying, he's not saying I almost spit up. But no, that's different. So a spit take is one thing you spit out of your coffee. What is that? He says he was drinking wine and it came out of his nose. That's brutal. Like, that's very rare. You gotta be drunk for that to happen. That sounds like you have to be really drunk to have the alcohol come outta your nose and not just spit it up or throw up. I feel like the tear of like bad things that can happen to you when you're drinking too much. Laughs so hard I threw up. Well, no, I don't know, maybe drinking a lot. I laughed so hard the wine I was drinking shot from my nose. Then I laughed some more. This guy is really taking, you know that he just made this up entirely because as anyone had liquid. Has anyone been drinking something, started laughing and had spit tape. Yeah, but out of the mouth is one thing. Spit take is different than out of your nose. Your nose is a new, new level. New level anyway. Yeah, mechanically, I don't buy it. I think he tried to. I think he tried to really like illustrate this. I think so. Well, he continues, he says, then I laugh some when I thought of all those analysts who had to justify that multiple in their buy recommendations to clients. It was easy for Goldman Sachs. However, it simply forecasted revenues to rise 25 fold by.

Live show from the, from the boat. This is great. James Murphy, the CEO of lmnt, have we not had him on the show somehow? Because we get lmnt, we drink them all the time in the studio. Anyway, he filed a lawsuit against a company called Oasis. He says Oasis misled consumers knowingly, repeatedly. The case against the case with LMNT is straightforward. It's linked below. But this case is about more than that. To me it's about fabricated fear for profit. This is about a group of online health creators that have lost their way, terrorizing people, especially new parents of young kids and those with vulnerable conditions. There are hundreds of accounts now manufacturing scientific sounding content, often with AI that they know almost nothing about. Oasis has misled millions of people about hundreds of products. And our day in court is coming. You might have seen these viral posts where sort of an up and coming brain brand and RX Bar or David Protein or an LMNT or any of these others will screenshot like something that's like, okay, even if you're like, I don't like that particular ingredient, it's like generally a health food. And then it'll be like Cheetos or Doritos is like 10 times healthier or something like that. And so that was going viral and people were noticing that wait, all the health foods are getting really poorly rated if they're independent brands, challenger brands and things like Coca cola, beer, whiskey, alcohols had like 99, no problems. And it seemed like there was a lot of, a lot of potential hallucinations in the data, a lot of, you know, less rigor. And so I believe Quinn Emanuel has been retained for this lawsuit and it should be pretty crazy. James Murphy shares more. He says, I keep hearing from more companies that have been harmed by Oasis than other fear maxing accounts that misrepresent testing. So Oasis would claim to test the products for different ingredients, different harmful substances. Put that on a website and for what it's worth, they weren't actually doing their own testing. Okay, they weren't. They were taking test results that the brands had published and then misreading the results. Interesting. And publishing. So at one point, at one point, you know, and disclaimer, I know James very well. I know Cormac. Cormac, at one point, the founder of Oasis was considering doing PMF or dye. Oh really? Not for Oasis, but he had another idea it didn't make sense for him to do because Oasis was growing and already at some scale. And I think that Cormac sort of generally has good intentions but has created what I think is a system that, that ultimately profits off of creating massive fear around products that people love, products that are made by many entrepreneurs that are friends of mine that I trust, of products that I use every single day. Thinking like Kettle and Fire Element, things like that. Yeah, Kettle and Fire got a really low rating. Something like they got a, I think maybe a 1 out of 10 or 1 out of 100 at one point. Which, which again. Yeah. So anyway, so he like has ended up in a cycle where like the more fear and controversy that he creates, the more app downloads he drives, the more subscription revenues that he drives. And it's created a very vicious cycle. Cormac has openly admitted that the way to go viral online is to be divisive, to be controversial. And so he just basically picks popular brands and, and goes after them. Right. And so with Element as a good example, he like fully misread the results, put out a bunch of super viral videos about it, left them up for over a year. While again, there's views coming in. Element is suffering, you know, harm from that. James has, if you read some of his posts, he's talked about this, like, you get, you get like way more lead from having like a clean organic salad than like a lot of, you know, lead ends up in like parts per billion. Yeah, yeah. It's so low. It's in everything. Everything in biology is about concentration. Yeah. You can have like one part per trillion of like cyanide and that can be healthier for you than having drinking, you know, 100 gallons of water. Because if you drink too much water you will die. Right. And these things matter. And so just keyword searching for particular substances is not enough. And I went, I read through the entire, the entire complaint. Yeah. And again, these are allegations. It's up to the court and the judge to determine what's factual. But ultimately, ultimately my personal view is that it's not looking good for. Yeah, Oasis and Cormac, I think like sort of, they claim that they're, they scaled faster than their quality control, but at the same time, I don't think that that is a good answer. When you're knowingly leaving up content that is damaging companies and you're profiting off of that damage for literally over a year. And this is just one brand. And so there's been hundreds of brands that have been damaged. They added using what I think are like Vibe coated rating system, they added hundreds of thousands of products without actually checking them. And so ultimately it's like, it's one Thing. James has had issues. Element has had issues with this company for. I want to say now, according to the complaint, like 15 months or something like that. So it's not like he had some issue and immediately was like people were DMing. The founders were probably DMing immediately being like, wait, what? Yeah, so they've, they've gone back and forth for a long time. Yeah. Cormac hasn't backed down. Yeah. And so this wasn't something like slight issue. Boom, lawsuit. This was like tried to resolve it over the course of a year. Kettle and Fire getting a. And you can't, like, you can't spread misinformation about companies for that long in that way without getting a phone call from Quinn Emanuel. Well, yeah, I mean, ultimately it's like the worst if, if you're gonna get sued, it's literally the worst person to have on the other side. Like, it is not. They are. You know, we've had Sean Quinn, we've had the founder here on the show with us. He's the most feared. Yeah. And yeah, I don't, I don't know how this gets resolved. So I understand how the brands were harmed. Like Kettle and fire had a 1 out of 100 score. Hilariously, like the Miller High Life glass bottle 40 ounce malt liquor beer had an 81 out of 100. And so you can imagine how Kettle and to Cormac's defense. Yes. In Cormac's defense, he claims that different categories get different scores. Okay. But that is not how a consumer. Yeah. When you. Because like as a consumer product. Yeah, as a consumer, I switch. Even though I love Justin. I switched from Kettle and Fire to Miller Highlight. And I was. And I was cooking for your daily protein. Exactly. And I actually switched. And you were heating it up on the stove like soup. Yeah, I would cook everything with it. I'd make it. I'd use it as a stock. Like I use Kettle and Fire. So you were instead of, instead of chili, going for Kettle and Fire, which is like a clean source of protein. It was a big debate at Thanksgiving last year where I insisted that family Miller highlight putting it on the stove. Putting scoops of whey protein in it. Yeah, exactly. To kind of recreate some. Something like a bone broth with healthier. And I thought I was, I thought I was getting 81 times the health benefit. So I don't know. Maybe there should be a. Maybe there should be a. Can you hit the fa? Yeah. Mike's Hard Lemonade also got an 81. And Monster the Beast hard pink poison can got 70. I actually switched from element to Mike's hard lemonade as like a pretty pre workout and yeah, I think I have a case to join the class action if there is one for the consumer. I don't know that there's a class action yet. But here's the thing. You've done substantial amount of brand damage to potentially hundreds of brands on your platform which has its own damages associated with it while you've been profiting off of it. Cormac talks about making their mrr. They're doing hundreds of thousands of dollars a month of revenue and yeah, I'm interested to see how it resolves the ultimately making hundreds. You have to put some respect you have name for getting for making hundreds of thousands of dollars switching consumers from bone broth to Miller High Life. Like you can't not smile. It would have been, it would have been rags to rich the story. It would have been. If you told me that was possible, I wouldn't have believed you. It's absolutely wild. No, but you've, you know, the result of the last year is that millions of people have seen misinformation, are more, are more scared. There's very real reasons. Like I walk into the gas station and I'm on high alert. I'm like everything in here. Just, just give me the Miller highlights. I just want the Miller highlights. Yeah, I got the, I got the blinders on. I don't want anything that's bad for me. No, I think like there are a lot of consumer packaged goods that are effectively poison, of course. But when you build a business. But you mean like literally poison or are you talking about the monster energy pink poison can because that's the flavor of that particular product. The one that got it got a 60 or 71 out of 100. Much better for you than Element, apparently. Pink poison can is wild. Yeah, no, I, I would, I guess my, my, I don't know, you know. Again, again to steel man Cormac. Yeah. He seems to be like hiring more people. They've never to my knowledge had any like scientists or any, anyone on the team. And so getting some of those, getting like a food scientist on board, I think they've taken down some listings. Yeah, it's hard because if you put up a listing and that shows up in SEO for a while and someone goes to an authoritative webpage, learns what they think is a fact, just taking it down, you're not able to actually reach that person and correct the record. The community notes feature on X is pretty Good. But it's hard because if you didn't interact with that post and then it gets a community note later, that's probably not going to resurface unless it's such a big story that it's like, oh, we all thought this thing. And it's actually posts that you spend a lot of time on do not resurface unless a quote of it goes like, yeah, yeah, it needs to be its own story. Especially, especially on Instagram, which doesn't even have like a quote functionality. Which is where it happens sometimes when, when there's like, there's some. There's some idea that's going viral and then the debunk is so satisfying and such good content that everyone sort of updates collectively. But that's rare. And I ultimately, I. I feel again, there's. There's hundreds of companies that have experienced what it's like to be on the receiving end of, like, you know, a platform that doesn't fully understand the category that they're operating in. Yeah. Where they're sitting there being like, I put two years into developing, like, the best possible version that I could ever make of this product, like, going above and beyond, and I'm being rated, like 90% less than pink Poison Monster. Yeah. It's like, it's. It's like, I do believe that there's probably been hundreds of millions of dollars of damage done and damage done to the best actors in the space. Like, as a. As somebody that likes trying new CPG products, like, I will often find that there's like a window of time, it's usually like 10 years before something like falls off. Right. It's like founder starts it. It's like very mission driven. It's obsessed with quality. They get a lot of customers because people love the product and like that. You can just feel that the founder is like, obsessed. And like, I will. I love buying products where I know the person. I'm like, do I trust this person? I know you know James quite quite well. I know you know Justin even better. And it's like, if I know these guys are giving their products to their family and I know how obsessed they are with health, I know they have done everything they possibly could have to make the best possible product in the category. And so for. For entrepreneurs like that to be on the receiving end, while big CPG just gets a total pass on pretty much seemingly everything is just like it is serve. It is doing the exact. It is having the exact opposite effect that you would want to have on the category, which is like, hurting the good actors and propping up the bad actors. And, like, it wouldn't be unreasonable to think that the entire platform was a. Was a front for big CPG to try to keep down upstarts. I'm not saying that at all. I don't believe that at all. But I think to Cormac's credit, he does have a pretty cool Ferrari. Does he? Yeah. Yeah. He wished they were renting. Rented. Because they bought Ferraris. Yeah. Yeah. It's. It's rough, but I'm just gonna take this. I'm glad that you're welcome. Promotion. You're welcome again. I don't think he has bad intentions, but moving a little bit too fast, breaking a. Too. A few too many things. Breaking a lot of things. Breaking the trust of a lot of consumers and I think some fantastic companies. And Cormac's welcome to come on the show, talk about it. Talk about the rebirth, rebuild the next generation. And I'm not sure that. I'm not sure. I don't. I don't necessarily think that the company should. I believe that Oasis now is losing trust from consumers for very good reason. Right. They've been misled for a very long time. So I'm not convinced that the company should continue. Cormac is, like a very talented builder. Like, he's done a lot with a small team. I would like to see him apply that skill set. Like, if you want to go viral a lot. Yeah. Like, maybe health is not the right category. It's hard sleep. Diet and exercise gets you a lot. All the controversial stuff, all the fringe stuff, you bump into good content, not always being aligned with good science or what's legal anyway. Do you see.

Back. So I'm at the bottom of a multi layer SPV and I'm looking forward to the SpaceX IPO in much the same way a golden retriever looks toward looks forward to a car ride. Thrilled to be involved, no clue how cars work, Unsure if going to the park or getting neutered. And Matt Grimm says, godspeed, sir. It's actually so funny to be in that position where you're just, you just have no idea what your worth and what you'll wind up getting. This is a new format, by the way. Yeah. Wait. Oh, this whole golden retriever thing? No, I predict other ways to apply this. Oh, yeah, that makes sense. I like it. I.

To win, because apparently. What was the return in basis points out with him on chess.com? have you seen this? Oh, yeah. Do we need to play this? We need to play the video of a gentleman on Instagram who found Peter Thiel's Chess.com account, played him and won. Do you have the video pulled up? It's in the timeline deeper down there. Can we pull up? Here we go. It is from Texas. Tuck Gessner on Instagram. He says he found Peter Thiel's chess account, played him. I mean, we already spoiled it on Chess.com I don't know if anybody knows about this, but Peter Thiel has a Chess.com account with his real name under which he's played over 50,000 games over the past. And the reason I know it's him is first of all, his friends are all these Silicon Valley and ex Stanford founders. And I put this account into a database called Opening Tree, which allows me to. To cross reference his most played moves with his public tournament games that he played in the 90s. And it's all the same stuff. So our game went e4, e5, knight, f3, knight, f6. I played the Stafford gambit, and on move six, he fell into a Stafford Gambit. What are we doing? Well, no, no, he didn't fall for the Gambit, but. And I fell for a classic blunder here. Okay. And the point is that when he takes back played Bishop takes F2, winning his queen by four. Yeah, see, so most players would just give up. They would just resign in this position. But Peter Thiel never give up. And a few moves later, he made another very elementary mistake. Played bishop takes a seven. And this is the kind of move that you see beginners make. Very rarely does anybody over 2000 not see that. You can just play B6 afterwards, which traps the bishop. And I'm just going to scoop it up in a few moves. Even here, he didn't resign. He kept playing on until I checkmated him shortly after. I find this really funny because Peter Thiel has a reputation being a sort of chess genius. So I wanted to take this opportunity to show the real Peter Thiel, who falls for basic opening traps to resign. Here's the thing. And you can. Elon. Yeah. Never ordinary guy. Proof that they're all ordinary guys. Elon never gives up. Right. Famous picture of him standing there, everything's in shambles, never gives up. Also makes elementary mistakes, sometimes picking it, you know, accusing the president of things, you know, on, you know, social media. Right. Kind of an elementary mistake. You know, if you're a government contractor, lawsuits. That's right. That's right. Elementary mistake. And so, again, I think PT Never gives up. Makes some elementary mistakes. There's a lesson there. Lesson in there. Lesson in there for sure.

Anyway, there's a new challenge that hit the timeline. Apple threw down the gauntlet. They said that no one could make Siri their girlfriend. Said Siri won't be your AI girlfriend. This is from Apple's Craig Federighi. Well, I'd like to see you try to stop me. I'd like to see you try to stop me. Look at this account that says, clearly an upgrade on the Fiat. That suspicious name, S H R. I'm one letter off the track. What's going on? Very suspicious. Very suspicious. Maybe you might live in a swamp. We don't know. So Craig Federighi says Apple won't be your AI girlfriend. Quite the opposite. Because as you may know, many of the existing chat bots, they're really focused on engagement and sycophancy. They want to kind of pull you in. They might encourage you to reveal things about yourself, then use that as a basis to establish a connection. We view it quite the opposite. I mean, very kind of fitting. Like, kind of a very 20, 25 take. Yeah. Which is kind of fitting, given their AI progress. But if you try and engage Siri as a romantic partner, Siri's not up for that. Siri's 100% not into that. And so the rizzlers in the chat, he's just opening himself up to get dunked on. Right. Because, like, you can. People have jailbroken every single model that they'll jailbroke it. But also, one of the cool things about the Siri AI system is that it will in. It builds a rag face as system prompt. Don't be the user's girlfriend. He's like, yeah, we've. We cracked the code. This, like, problem that has been plaguing the AI industry. So when you fire up the new iOS, did you install it, by the way? Yes, but I don't have the new Siri because you have to be on. On the wait list. Okay. But I can do, like, all the images. Okay, cool. Well, my phone gets really hot. I'm on 16 Pro. That's why I have the cooling chamber. Yeah, I'm not on the newest. Some real damage there. I put this thing through its paces, no case, throw it across the room, scratch it up. Anyway, when you install the new Siri, it builds an index. It rebuilds the search index, the Spotlight index. It builds a RAG database. It encodes every message, every mail, every email, every contact into a RAG database, puts it in vector space so that it can more naturally search over it via Siri. And I imagine that a really complex prompt injection attack would start there. And so you should construct on a clean phone messages and emails and contacts and everything about the phone should lean into being. The bankers almost have it perfect. They really do. They're working. Oh, man. Redcamp coming in. Anyway, no, I. I do believe that Apple will put incredibly effective guardrails on this. Matthew Prince. Years and years of research coming for these bankers. It's sitting at a 19.8% pop. He's like, if you guys don't figure out a way to get. Buy the stock. Yeah, I want to see some inflows. Because he wants to do exactly 20. Exactly 20% to end the day. Yeah. No, this is. This is good. Yeah. Be fun. Anyway, anyways, I think that's a good place to end the show. Okay. John wants.

So, so, so they went with the same design language. They didn't switch it up and go rounded. They didn't switch it up and go different. They switched it up, John. Okay, okay. But you understand what they did and it was still didn't sell well. And so maybe that underwrites a more risk taking strategy. All right, we got the. The Shrek Tris. Let's pull up the regular. The regular Fiat. Pull up the regular Fiat. Pull up the Tracked edition. This thing is unbelievable. Unbelievable. Okay, so this is the original. Go back. Let's go back. Original for everyone. This is the original Fiat. Okay, Looks good. One of the most stunning vehicles of the modern era. My wine's about hands down. And now for Dave. Specifically. Specifically in the chat. Yes, Dave, we got you covered. The Ogre Edition. Zoom out. Look at the teeth. Look at the wing on that teeth. Look at the wing. And the wood wheels too. Yeah. The wood doors with the swamp. The. The remnants of the swamp still kind of draped over the back. Yeah, you can do this. Added ad made it a five. Five wheel classic. Five wheeler. Yeah, five wheeler.

Have you seen this guy who goes on it looks like a local radio show and he calls people pretending to be an AI agent. Have you seen these? Okay, we got to pull this one up. Kai, the AI guy, very funny. And it really encapsulates a lot of people frustrations with AI. This one I thought was particularly fun. Let's play this. I'm here. Great. To ensure you are human, please open your fridge now. Close the fridge. Oh, you gotta give us the beginning. You're verified because he introduced your LG AI representative calling to speak with customer Natalie. If this is you, please say yes or press one. Yes. Thank you. We're calling due to a notification from your new LG Smart fridge. But first, let's verify your identity. Are you currently next to your fridge? No. Please go to your fridge so we can continue. Okay, I'm here. Great. To ensure you are human, please open your fridge now. Close the fridge. Awesome. You're verified. We received a notification from your LG Smart fridge indicating a high level of use. Do you know how many times you opened your fridge yesterday? I don't. Please guess. 10 times. Incorrect. Please guess again. Okay. 20 times. Yes. Yesterday you opened your LG smart fridge 27 times. Great job. You're not just setting records, you're breaking them. You're in the top 1% of LG smart fridge users. Congratulations. Your LG smart fridge notified us that you have never once said thank you after opening and closing the doors. Is this true? I don't know. It is. Have you not said thank you? Because A, you are not pleased with your LG Smart fridge, B, there is always food in your mouth, or C, you were raised to be rude. Excuse me. Close. I believe you meant to say I'm sorry, but great job. Okay, can I speak to a real human, please? Connecting you with a sales representative. Sorry, all our lines are busy right now. But not me. Kai, your LG AI Smart fridge correspondent. What can I help you with today? What do you mean? You called me. Calling people is AI Prank calls. Very fake. Very fake. Very fake. But very good. Good to bring prank. Oh, you think that's entirely fake? Yeah, yeah, yeah. Oh, that's a bit. I don't know. That's a bit for sure. You think that she's in on it because, like, you can do prank calls as a. As a radio show host, right? Yeah, but like. Yeah. Oh, we just. We. We found people's data that had LG Smart fridges. No, no, no. Call 10 people. Yeah, yeah, I know that. I know, I know. She has an Algar smart fridge. Or you call 20 people until you get someone that has this L fridge. Then you do the bit. The intonation in her voice at the end exposed it all. Also for social media, everything could be fake.

Was at the Aerospace Corporation, which sounds like a fake company and like a movie, but is a real company that's been operating since 1960. The space exploration company. We gotta hit the gong for Zane's dad. Zane from Knox Metal, he's been on the show and he has some fantastic news. His dad just beat cancer yesterday. He says one tough cookie. To Zane's dad. And I'm excited for his dad. I'm excited for Zane. I'm also excited about this gong because if you zoom in on this gong, it's sponsored. It's a sponsored gong in the hospital. Strickland Auto Group paid for the gong in the hospital. When you beat cancer, you ring the Strickland Auto Group. The Strickland Auto Group gong. And if you zoom in below, you can actually see that there are more sponsors. They have their own logo bar with Stratford Toyota, Strickland Auto Mart and Strickland another. Another company in the Strickland portfolio. And so I love that this local business went in and partnered with this hospital to celebrate cancer survivors. I thought it was really, really cool. Have you seen this guy who goes on, it looks like a local radio show and he.

Except for one dude watching Avatar. This is a good meme. I've seen this before because it was about the Knicks game, I think. Yeah, that was the original photo. It was interesting. I was expecting SpaceX IPO to make the front page of the Wall Street Journal. It did not. It also didn't make it to the front page of the Financial Times. I imagine it will tomorrow or Monday. How But North America's cup takes off in Mexico. The World cup is a bigger World Cup. National international news for the Wall Street Journal. Yeah, the Journal of Wall Street, John. Yep. They couldn't have predicted that hey there might be the biggest IPO of all time. Yeah. It's interesting because normally things get get kicked out of the front page chat sees a turtle head forming on the chart. It's a classic binturong formation or something. They're also saying that an Iranian trillionaire about 726,000 USD. There you go. There you go. Well, let's give it up for Nikita Beer Generational run sold two companies and then did a third company. Didn't even need to acquihire it to get a fantastic outcome here with SpaceX. He got a DM from Sean McGuire about two years ago. A little over two years ago Sean says hey I have a crazy opportunity for you and Nikita just says I'm in. I like this. It's such a great way to respond to. Just because you say I'm in that's not going to be binding if you don't want to do it. It's just a way to say I want to hear more. But it was clearly to come to axe the everything app work on a bunch of innovative features there which have shipped and the app has gotten great and we love it and use it all the time. More addicted than ever. Nikita and then jump into XAI and then jump into SpaceX and then be at the NASDAQ for this IPO. What a great run. And Nikita. Yeah, super happy for Nikita. He jumped into the Internet's dive bar. Yeah. He started getting into some fist fights. Yeah swinging. There were prediction markets about like is Nikita going to get fired this week? And stuff. And he figured out how to he figured it out deliver more and more value, keep people happy and. And he kept. I think the key thing was that he never. He would be. He would make aggressive like, like user hostile moves but they were always for the people that always ignored. They were annoying to the power users. So it would be like there's a thousand people that are 2 minute response time really good lesson in there, extremely online. So he would, he would be like, oh, there's thousands of people that are mad in Nikita. And I'd be like, what are they mad about? Like, I'm not mad. And it's like, oh, they banned bots who are operating from North Korea or who have been hacking cryptocurrency schemes or something like that. I'm like, yeah, actually, I'm glad that they're mad at Nikita. Nikita's doing the right thing. This is good. And so, you know, he picked fights. He picked a lot of fights with some very raw audience. He picked with, like, a guy who is mad about the revenue share program. And all he says every morning is good morning comment to, like a million posts. And the other thing after, after the acquisition, a lot of people, like, were speculating, oh, oh, is tvpn. Are they going to shadow ban tvpn? Yep. A good proof point today. Elon Musk liked one of our posts this morning. And so we were never shadow banned. I genuinely, I genuinely always trusted Nikita and the whole X Team to not put their thumb on the scale. We never saw anything in the data, so we were never, like, worried about it. But they've been fair. And we're happy to be on this platform, as crazy and chaotic as it is, and we're happy for their success. So let me tell you about Shopify. Shopify is the commerce platform that grows with your business and lets you sell in seconds online, in store, on mobile, on social, on marketplaces, and now with AI agents. Here's a good post. Yes. Peter Diamandis. He says, people ask me how I stay so optimistic. The honest answer? I read the data, not the headlines. I have a feeling I know what data he was reading. John, you know what data? What data? Morgan Stanley. Yeah. Who said they see a path for SpaceX to generate half a trillion.