Starmer Resigns, Reflecting Pool Fiasco, and Amazon Dumps OpenAI Movie

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Or do they have their head in their hands? Hi everyone, this is Pivot from New York Magazine in the box media podcast network. I'm Cara Swisher. That's for entire friendship. That's it.

Who show? Who show? Yeah.

“The French, I think, are in for some reason I feel like where are they?”

I think they were in New York doing getting up to all kind of business because of the World Cup. Well, we're here. Oh, the French didn't vote standing. I hate to say that.

The French team is in the United States, I believe, where they were doing all kinds of French things. We're here doing all kinds of American things. You are far away from me that we're in the same air general area right now. I just got here to con.

Can. I'm on this wonderful island called Hotel Ducap. Yeah, no, we've been avoiding you. I mean, we can't wait to see you. We can't.

You're not going to see the kids. They're here though. They're out and about with the crabs right now, outside in the beach and con and everything. So we just got here by train. I have to tell you the weather here is lovely in Paris.

It was so hot, like this sweltering heat dome across Europe is not a little thing. It's crazy. It's like so hot.

I've never experienced anything like it.

I have to say. Paris and Summer isn't a city. It's a convection oven with better architecture. I mean, it starts to heat up and it's, I mean, it's really, it's, it's, there's something about, I don't know, London when it's hot.

When it's, when it's 78 in, in LA, you think, oh, it's so pleasant in my breeze. When it's 78 in London, it feels like you're in Africa and you could die. Oh, all right. Summer isn't heat in Europe, takes on a different dimension. I don't know if that's because they don't have air conditioning or what it is.

No air conditioning in the apartment we rented. That was nice. That was a lovely little extra part of it. It was a beautiful apartment, but then it was so hot. It was like it was like an oven.

Anyway, now we're here at the beach view. It was like to 50, 54 year old burgers and full boys asking me, what type of logo would you like? Yeah, I know, your dance expensive, where you are. We're staying at a beautiful apartment box for us, which is nice.

And we have lots to do. I'm going to be hit. I'm sorry. Vox pays for you, but not for me. What's going on here?

You could stay at the fancy as places. Oh. Would you like to stay in this apartment with me? There's an extra bedroom. Well, I would have liked to have been offered.

No, I'm going to send it. Where's Bangkok? I'm sending it to the Murdoch guy and sending my hotel bill to the Murdoch guy. Okay. All right.

You stay at the fancy places. I do not. We have a lot to do. We have a live pivot here. I've got a live on.

Are you doing property here or not? Yeah. I just do a large amount of stuff. I don't like property. They're not interested in the markets thing here.

They like pivot.

“And we're doing it at the ad week house, which I think is in a brothel somewhere outside”

to loose. Good. Excellent. Really? In the 10 years I have been here.

Yeah.

It's literally like the second invasion of Normandy.

The Americans that used to be the ad agencies, Martin Sorrell, and Maurice Levy and John

No. It's creators. Have you noticed? Creators. The creator economy.

The creator economy. Their creator, YouTube has a thing.

“Everyone has the creator economy thing and there's a lot of creators here.”

Most of them I don't know. But we are considered a creator in case you're interested. We only come round to us, I guess. So just some data about 500 YouTube creators are expected. I can up from 400 last year with new UTA and Adobe creator beaches.

So they're taking over the beach. Can added a creative brand line at the AI craft category for 2026, signaling creators as a core strategy. And they're attracting an unprecedented amount of ads.

But in creative revenues are set to exceed 21 billion this year, more than doubling from

2022, interesting smaller influencers are attracting advertisers, nano and micro influencers take 49% of US creator spend, more than double their share. It's a nano micro, is it a tiny person? What is a nano? No.

I mean, long tail. It used to be supply castings all about the top 100. A creator, the long tail and a creator economy is actually doing really well. They get about half the spend, which is unlike other mediums where it all goes to the biggest players, brand creator spend, jumped 23% last year, while traditional TV ad budgets fell

8%. So the creator economy is really booming. Yeah, we will discuss that at the at-week house and then they will throw money at us. That's our hope, correct? But if you look at podcasting and went from, it went from kind of these dramas, like

cereals and interesting, you know, scripted podcasting, then I went to the interview,

“the Rogan to the world, then it's kind of gone to, I think, more like the commentate”

ers or analysts, and I think the next place is proprietary data sets and interpreting them. Oh. Actually, I'm parenting this intelligent woman's comment on a real, I've got to fight

out for you as incredible.

All right. Okay. All right. Well, you know, we're going to, our next act is going to be unnatural acts, that's what I think we should do.

And it was only thing. I'm gaming. You haven't even announced it. I don't know what you're talking about, but I'm in. But we got a lot to get to today.

There's so much going on including green watergate, get it? Green watergate. I told you this thing would blow up. President Trump says it will be, he say, we'll be in fixing the seriously vandalized reflecting, brawled vandalized by him, Trump is claiming without evidence.

He's lying that vandals cut the 250 foot gash and the pool's new lining and poured corrosive and destructive chemicals into the water. This is nonsense. There's cameras everywhere in Washington just so you know, he said multiple people have been arrested tied to the alleged destruction.

This is just nonsense. One of them was a former Olympian who was accused by the Park Police of destroying government Prosty says he reached down to touch a strip of peeling paint. I was down there. Scott, it was peeling.

Nobody was touching it. Everyone was sort of shocked and amazed by how grotesque it was because, you know, you go down there.

I've gone down there quite a bit and I've never really noticed the sciminess of it.

And it really is. It's green. All this paint's peeling off. So he's lying and Trump, of course, should be accused of vandalizing a lot of Washington, whether it was the East Wing or the grass in front of the White House for

his, his party, you know, it's just ridiculous, but it's taking on a life of its own. It really is in terms of a metaphorical thing or maybe you don't think that. No, I mean, the president has caught between two straights of water. Yeah. Yeah.

I personally, I think this kind of a non-storey. America's turning 250 and we managed to turn reflecting pool into a culture war. I just forgot to just fix that and let's move on. I don't, I kind of, you know, they're lying and saying that it's sabotage and vandalism. It isn't, it's incompetence.

It's a government project turning into another government project. And the Democrats love to talk about, I think we have bigger fish to fry. I would agree, but I don't think it's about, I think people get it in a second because it's, again, as I told you, it's a symbol and it's also the guy who did it. It's another piece of graph.

And it looks incompetent, it looks incompetent. And, you know, one of the jokes online was that, you know, Washington is now a scar after as after he took over on another Lion King. But there is more to that because then you link it, I think, with Iran to which continues

“to be like a problem, like here's the thing that you're going back and forth.”

And that is the real problem, it is, but it's symbolic of just complete idiocy, like, really stupid, we'll get to some other stupid things coming up. But talk a little bit, I know, I noticed you were talking about a lot online, the M-O-U, which seems the Iranian seem to have us by the short hairs, that's what it feels like to me.

I don't know about you, but they're not doing anything, they're just dragging us on, I guess, and being ready to take man's, which I completely think they do.

The problem is, we're the ones unconditionally surrendering.

It is insane, anyone who can do math, anyone who understands a memo of understanding, anyone who can look at their activities in my mind, it is just so incredibly clear and tragic what is going on. The IRGC recognizes he's left, the midterms are coming up, it is a very unpopular war, he got no support from the public, from Congress, from other nations, he underestimated the resilience

of the missile systems, he has handed them something more powerful than a nuclear weapon and that is an ability to choke the carotid artery of the global economy in the state oformous. They know we are out, and they all they have to do is operate in between, is delaying an occupation, it's just delay, every day they go back, it's less likely we're going

to go back in with military action.

So they just have to operate, they really can't. They have to operate between humor them, greet them meet in Switzerland, don't get a deal done, they have the perfect false flag, oh Israel's bombed Lebanon, you're not living up to your part of the agreement, we're out, they have no intention.

“Of giving anything back, and the only thing that's going to come out of this besides Trump's”

incompetence and JDVans, you know, having about as long a presidential run as Senator Gillibrand, is that we are going to look back on this and recognize one of the greatest acts of diplomacy was the JCPOA, right, which is managed to do that. So he's doing a lot of press right now around it, by the way, the comparative. We have Russia and China signed, or they were coasting to choose the agreement, we can't

get Israel to sign this agreement, much less European nations. We had limits at 3.7 enrichment, they're already at 60, there's no money, there's no constraints around nuclear enrichment in the agreement. We keep saying all these bullshit threats, or will open the straighted formulas. You don't get to, we'll get to, I know.

The straighted formulas would take to keep it open, would take two carrier strike forces, a pair of troopers and marines on the ground, on a Iranian soil, that is not going to happen. The net net here is the following. America comes out of this much weaker, Iran much stronger, and we're going to look back and realize that the JCPOA was one of the more impressive acts of diplomacy of the last

50 years. Yep, except they continue to deny it, it's really like it's the same thing with reflecting a poll. And the reason why I'm harping on it, it's the same thing, it's the same kind of like, "No, this is what's happening, you've seen all these communications from the White House."

And we look, it looks so ridiculous when it's the reflecting poll, but it's the same exact communications. You know, they're blaming the New York Times, they're blaming, you know, for the coverage, they're blaming Obama, he's blaming everybody, and it's the same thing, oh, it's Vandals, it's this, it's that, it's him, he's just a disaster, and again, I point to, finally someone

is starting to write about it, his mental state, which seems to mint it, and we'll get into that a little bit more, but the way he's sort of lashing out in this crazy way, when it's

all his fault, it seems, and of course, blaming the poor JDVans, I never feel that's

sorry for that guy, but I got to say he's been dragged, he's been pensed, I don't know what else to say, he's sort of stuck holding the bag here and trying having to defend it, and it's worse than when Kamalaire has even lightly said, "I wouldn't change a thing on the view," right, sort of the same exact thing, so, I mean, it's disastrous for the Republicans

“and so many ways, because he doesn't have it out, so my worry, because I think he lashes”

out, like, resting, but Janine Piro, arresting people for this thing, this is like, let me tell you, Janine, I was down there, I didn't touch the strip of paint, but it was stripping off by all by itself, is going to be, it is, as far as people are suiling themselves in the most ridiculous ways, and in Iran it's staying, with the reflecting pool, it's just stupid, although costly, to us, those taxpayers, the same thing with the rest of the mess he's making,

but in this case, it's disastrous, I mean, really, truly, does that, I don't know what, how anyone's going to get us out of this, because we got two more years of this lunatic, has it in turn? I don't even know what would happen, he gets sideline, what, I don't know, like, he's not going anywhere, even if he loses power.

Yeah, but I think if the Democrats take Congress, have the power of subpoena, and hopefully if they were to get back Senate, at a minimum, there'd be enough power to get in the way of a lot of this stuff. Except that Iran will then develop a nuclear weapon, I feel like he'd now, you know what I mean?

“That's where the worry is, that's the only thing we all agree on, Iran cannot have a nuclear”

weapon, but wow, we've given him the chance here, he's in the economy itself, anyway,

all the European political drama.

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pivot. That's shipstation.com/pivot. Ship Station.com code pivot. Taxes and fees apply. Scott, we're back with Big News here in Europe.

There's a lot going on, a Keer Stormer, just to now see stepping out as Britain's Prime Minister giving into mounting pressure from his own party. Stormer said he'll stand off as until the new party leaders selected, and likely to be this guy named Andy Burnham, former mayor of Greater Manchester, very popular guy. I've got ahead of the announcement of the weekend noting Stormer would step down and say

he'd failed badly on immigration and energy policy. Also, a lot of attacks from Elon Musk, by the way. Stormer's resignation comes almost 10 years to the day since the Brexit vote, the UK has had six prime ministers in that time. Talk a little bit about you live there.

What has happened here? Obviously, he was going to lose an election and he had won in a landslide in a very short time ago. A lot of it comes down to economics and that is, I mean, it's very strange. Beatham, McNos, and St. Barts, and Y are parts of those nations, but they're not.

They're islands that have an entirely different culture. I feel that way about London.

“I think London's essentially an island in the UK, because if you look at the UK, seven out”

of 10 IPOs in the last 10 years are below the offering price. GDP was supposed to take a 4 to 6% hit from Brexit.

It's second greatest dongle in geopolitical history behind our entry into Iraq.

You have now the UK as a whole has a lower average household income than Mississippi. And then there's London, which is essentially where the richest people in the world park capital and have a European lifestyle without actually engaging in the UK economy. I mean, it's just, it's a very strange place.

I've been there four years. This will be my fifth prime minister.

“Fifth, right? You know, there was a bunch of kind of, there was a kind of guide.”

It was for us. It's not politics. It's speed dating. It's beginning to feel like a LinkedIn jobs page. It's just so, you know, but without growth until they figure out a way, I thought they

should do backset. They should reintegrate into the European economy, because without growth, all of this gets harder and harder. In the weird, the quackmire here or the, not the quackmire. The enigma is that the UK has all the underpinnings of a great democracy and economic growth engine. It has incredibly universities, rule of law, culture compounds, everybody

in the world wants to or wouldn't mind the idea of living in the UK for a few years. It's delightful when you're there. It's wonderful place.

“And yet they let open AI andthropic and SpaceX are going to raise 150 billion in fresh capital.”

The UK raised the total of 2 billion last year in its entire IPO market.

They just can't get out of their own way and Brexit and just to go to politics. Since World War II, no individuals done more harm to Britain and my view than Nigel Farage, who might be, who might be a prime minister at some point. So I have was stayed woefully ignorant to UK politics, but it is difficult for me to understand how the foundation of success, how they continue to snatch defeat from the jaws of victory

here. And I got to think it's something, it's got to be a big bold move, even the non-dom thing. We kicked out basically that chased a lot of billionaires out of the UK and I understand the sentiment, it's let's tickle the middle class sensors of people who are angry, but at the same time, the treasuries come down because a lot of wealthy people are leaving.

And that reduces your tax base to provide for the NHS and the social services. But this is, I mean, UK politics and then what you have, you have the rise of populism, they have had real problems. To a certain extent, it's a metaphor for the West. You have, or when the West goes wrong, stagnant wages, housing shortages, immigration anxiety,

and institutional distrust. You also have a lot of it meddling by Elon Musk in terms of backing a bunch of very violent people against him. The American export is political divisiveness. Right, yeah.

It's not helpful. But Elon himself, that's meddling, quite a bit. Yeah, but then JD Vance comes over and lectures them about free speech, it's like, we shouldn't, you know, my view of Americans should be here saying, you're our greatest ally, how can we help?

What can we do together? How do we open more free trade agreements instead? Musk shows up and says rise up white people, or, I mean, essentially, in JD Vance comes over and waves this finger at him around free speech.

It's just, and now they've got to figure out a way to, to basically untangle the technology.

Their new, Britain's nuclear arsenal runs on American technology, and all of a sudden Europe

“is waking up and going, what the fuck we have become in the way?”

The conservatives aren't popular either, forage kind of is. It's like, nobody's popular. Yeah, it's a very angry nation, but when you don't have growth, people's prosperity goes down, and they just get angry and angry. So again, not to talk too much about money, but they have got to figure out a way to get

growth going again, when you're growth grows, you have more money, you have more flexibility, you have more power abroad, you have more, you can't have a powerful nation that's shrinking its GDP, and again, I was in can when Brexit happened in the pound crashed. It's cost them 8% of their GDP, which is like taking hundreds of billions of pounds into the street and just lighting it on fire.

Yeah, they may return to the, I mean, it's interesting, because Europe is getting more and more unified, speaking in which Trump's latest feud is one of his pals, basically as European, Marjorie Taylor Greene, Italian Prime Minister George of Maloney, and a spat started after Trump. This is so strange. Again, I'm sorry, this guy's lost his mind after Trump claimed Maloney, Maloney begged him for a Maloney school money, begged him for a photo

last week, G7 Summit in France, Maloney responded with a video on Instagram, which was quite remarkable

calling Trump's claims totally fabricated and saying Italy and I never begged. She also accused

Trump of being more commenting to the enemies of the West than his own allies, Trump then doubled down, saying Maloney is doing poorly in Italy with her level of popularity, which she fired back. My popular is none of your concern. I suggest you focus on yours pointing to his bad is lowering, increasingly lowering popularity. Boy, this woman even though let me just let's be clear. She's anti-gamerage, she's anti-trans, she's anti-immigrant, she's not, she's Marjorie Taylor Greene,

essentially, this is the European version of her. And at the same time, I was like, go Georgia,

some cognitive problems seem like to me. This is usually such an insult, but not this much of an

“asshole. And she just took it to him, which I found, I mean, obviously, it helps her in Italy,”

because he's not popular there. And he's not popular anywhere in Europe now. And they were tight as ticks, if you recall. But this is again, greatness isn't the agency of others. In European countries have been our strongest allies. We share the same values, same democracies. We've worked

together, we've had incredible, the post-World War II world was largely shaped by America and European

values. And Trump decides, again, he's figured out a way to manage to feud with and alienate, feud with and alienate allies while simultaneously praising adversaries. And we've spent 80 years developing his alliances and Trump treats them like some sort of fantasy football league. And Meloni to her credit, she remains her popularity is actually greater than most Western leaders and picking, and then he decides to pick a fight with one of the few European leaders who actually

likes him. She went out on the pope too. She didn't much like his comments on the pope either. Yeah, well, I mean, come on. Criticizing the Pope is like of someone. Not literally. And Italy, you just don't do. You don't do that. None of this makes any sense, Cara.

“None of it. I believe her. Believe the woman. I totally believe her. I believe her.”

He's such a creep. He'll pieces of his brains are coming off like the paint on the Lincoln Memorial reflecting pool. But this is interesting because she's a really, because she's really, if you actually look at a lot of our policies, they're pretty heinous in terms of how she behaves. But she's sort of shifted. I mean, she used Trump to sort of get there. And now she's cutting him loose. Like more than

others actually, the others haven't been quite as critical of him. Starmer certainly hasn't, right?

Or any of them have. I don't know. The Germans have. She's really taken it to the wall. Anyway, I don't know. Yeah, I think I think I think most of them have decided to wait them out. It's a smart move from the Lincoln. She comes across the leader and not afraid. And, you know, and he's not good for her. It's not good for her. We looked terrible once again. By the way, it's really interesting to be in Europe because a lot of people are saying, you know, like Trump

do you to me? I'm like, no. Really? No. Yeah, a lot of the Europeans sort of tested when we were in Paris several different times. Like, you're not a fan of Trump. I'm like, hardly. Like, hello, lesbian family. Like, no. And so they asked several Europeans. There's a tour guide, like, a tower, whatever. Sort of like poking to see if we liked him, which obviously we looked like an ad for not liking Trump. And anyway, let's go on a quick break. We come back new details about how

Mark Zuckerberg and Jeff Bezos tried to cozy up to Trump. This is an interesting story. Support for Pivot comes from the Freedom from Religion Foundation. Quick reminder, America started a rebellion. Uh, yeah, we fired a king claiming divine authority. And then wrote a constitution with no mention of God, which is a big deal. The whole separation of church and state thing as you know. And those lines are blurring. You see it in things like America prays a man on May 17th

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Download the free report at goteleport.com/pivot. Scott, we're back. President Trump probably took frequent jabs at Mark Zuckerberg and Jeff Bezos as he tried to build ties with his administration. That's according to a new book by New York Times reporters Maggie Heberman and Jonathan Swan, who I'm going to have on the on podcast soon. The president told guests stories about Zuckerberg and Bezos kissing his

ass, which they were saying, "You're not believe the text I got from these tech guys I got to show you." Among them, Zuckerberg sent Trump a photo of a letter written by one of his young children, which said they were looking forward to a golden age of America. Trump a rally slogan Bezos meme, I'll reportedly told Trump that the Washington Post was one of his worst investments

“and that people there are really terrible. Oh my god. I mean, honestly, and then of course”

they were showing it to Elon too. They all made fun of them. Anyway, it was kind of, I mean, by the way, on the other side, they insult him behind his back, too. But wait, what is that? What has happened here from your perspective when you're reading sort of this stuff? I'm not surprised by one bit of it whatsoever. But I don't know if they'll get their revolutions back.

We always thought Trump was a jerk, but this is really kind of, I'm sick with.

Yeah, but it represents a flip that is sort of represents something in my view kind of dark. And that is politicians used to kiss the ass of billionaires, because billionaires had money and politicians wanted to get elected and it became kind of a pay for play thing because of citizens united. But when you think about this, best of us in Zuckerberg are worth hundreds of billions of dollars. And yet they both still feel compelled to kiss the ass of an 80-year-old

real estate developer. Capital OS Chase's power that Silicon Valley spent 20 years selling us government didn't matter and then everyone started flying to Washington. And what this signals around the dark part is the following. If you're worth a quarter of a trillion dollars, and still kissing the ass of the president, you're not, this is moved from buying influence to renting protection. This is a transition for a pay for play democracy to something even worse.

And that is a mob protection racket where if I want, if I want to hold on to my wealth, I got to start paying for protection. Because anybody that doesn't sign up gets in his crosshairs and potentially, you know, all of these guys, Jamie Diamond is the only one I can tell above these like this power crew that hasn't kissed his ass and is actually willing to occasionally say the

obvious. And now the government is suing JP Morgan. Right. So it doesn't matter how powerful you are,

you got to pay the mob. And this is what do you have? You want a democracy where money can't buy influence or can't buy too much. Then you move to a democracy, a quote unquote democracy, or a kleptocracy, where money buys everything. And now we're, in my opinion, a protection racket, we're Bezos and Zuckerberg got it like, got to kiss the ring here. It's feeling very Russian. Do they goto? Do they goto? I feel like they're more powerful. I don't even understand it. Like,

I don't, I don't know. I mean, they could wait a mile. Like, they got so much money. They could do so much damage to him. You're going to, if they, if they, I do think if the Democrats

“take Congress and we get about 18 or 24 months out, I think you're all of a sudden going to see”

as I say, these guys are going to grow testicles again. I think you're going to see a switch, because I know they all tell you they can't stand them. But the smart play, I hate to say it. The smart play is just to kiss his ass. Like, but it's so good. You don't have to do it and grow, tap with your kids. Oh my god. Like, my child wrote this team. Do you know,

just sell the fucking Washington Post. If it's one of your worst investments in people are doing wrong. I don't get that. We talked that one. We've talked that. I still don't understand why you don't say it. You know, it's not just me who is interested. There was a dozen people. Wouldn't engage with any of them. I've talked to everyone on a, wouldn't engage. Not one. What, what does he do? What does he like? Like, I don't know. What's happening if he doesn't

like it. If this is a worst investments in people are terrible. And by the way, Jeff, they hate you. Why not just get rid of it? It's so weird. Yeah, I don't get that one. I don't know.

Because I didn't give him power. By the way, it's doing it did an amazing story on Tosi Gabbard this week.

Like, it's done several amazing stories around the corruption and everything else. I mean, the news parts. The, the editorial section is such weeks loss now. It's really hard to read.

“But I agree. I don't understand it. I think I don't know. When, when they're sucking up to”

the normal president, are we going to forgive them? Or do we care? Now, they sort of soiled themselves pretty significantly. I don't know. But it feels, it feels very Russian in the sense that doesn't matter how rich you are. You got to send Putin his big. And no matter where you are, you might, if you really piss him off, he's going to put a neurotoxin on a door knob. Yeah, but he's guy. He wasn't going to do that. That's the thing. It's not like, in there,

I kind of see it because he's like, that's kind of going out of window kind of thing. This is just something else. Yeah, but I think I think these guys in a capitalist society begin to equate success and ego and influence just with a number. And that is your net worth. And I think they're very smart and they connect all the dots and see the matrix around how to increase their net worth. And they've connected the dots here and say, just kisses ass. It's, it's, it's, it's a really

high ROI activity. There's so gross. They're just gross. They're just gross. They're just gross. Sorry, it's just gross. It's gross. It's gross. In other Amazon news, this is interesting. Amazon's movie studios jumping and upcoming film about Sam Altman saying the project we better

served in another studio. The decision comes as Amazon plans to invest $50 billion in opening

either this year. The movie reportedly stunned the filmmakers. Very good filmmakers, by the way. Andrew Garfield was in it. I am in the script. I don't come off very well. I look like I'm too nice to Sam, but I don't care. Since Amazon has already spent about $40 million on the movie tested it for markets and it's working towards a release date. They, I don't know. And they can't, this is not getting picked up. Netflix passed apparently a couple of different places passed.

And it's, you know, it's a high level film. I read the script and I didn't like it. I thought it was fictional in a lot of ways. They sort of painted Jeffrey in as a party guy, which I'm not my experience. And they made that one guy who revealed against Sam into a hero. And I don't think he was either. I thought it was kind of broad and didn't, I thought it was not a good script. But there's of course the other ones coming out about Mark Zuckerberg, the sequel of the social

reckoning, which we previously talked about, about Francis Howgan and that whole situation. That's coming out. That's good. That is coming out with the guy from the bear. But you feel, I don't know. I don't know. I'm not surprised. I can't read a bit if they just invested in opening eye. But it seems kind of dumb spending all that money. It's not much

$40 million, who cares? I'm not a conspiracy theorist, but we were well into the development or

even production writers room of our series on Netflix about big tech. I got the plug pulled.

“Oh, this has gotten the plug pulled. Yeah. I think they've just decided that they don't want to be”

villains. Yeah, and they don't, it's not worth the risk. You piss off either powerful people. You piss off the president. All these M&A, all these regulatory concerns, and quite frankly, the American public seems to have started on AI. Or it could just be the following. The story of Sam Allman is not interesting. And it seemed more interesting 12 months ago than it is now. So I think they, you know, think, well, let's just do season four of you for ya. I don't, I think they've

done the math here and decided that stories about big tech. The gay hockey people seems long. Yeah, let's do let's do the women's hockey team this year. Incredibly, well, Toy Story Five is like killing it. How do you do opening? How do you do your credit? I meant to tell you, you can talk about theaters. And I'm in shit posting them. The pest performing media stocks, the last 12 months hasn't been met or it hasn't been, it's been theaters. Out of the theater. Went to the theater.

He did. He loved it. He's going again to watch out for it. Is a, is a, is a trend again. But anyways, that the, the, the back to quote unquote artificial, the name of this that they've killed.

“I think they just do the math and go. Okay. The story is not interesting. It's going to piss off”

potentially a lot of powerful people. Is this worth it? And I've looked. I saw this happen up close and personal. I just tell us more about this plug pulling for you. Tell us, explain to the people what

incredibly talented guy. And then I had an, we had an amazing show runner Scott Burns from the Born Identity. Incredibly talented guy. We signed up. Resmen Pike to play the lead character based on, you know, loosely based or inspired by Cheryl Sandberg. It got, we, we, we did our pitch

and it got bought in the room, which never happens. And Netflix committed to the entire first season.

Wow. Finally, oh my god. Finally, after a swing and a missuming being in the face about 10 times, I got something going. Everything's going fine. Everything's going fine. Everything's going fine. Netflix doesn't like the scripts. The show runner leaves. Rosemot has some family issues. And just the wheels came off the bus. And what probably happened is Occam's Razor, probably just fell apart. Because Holly was tough 10s too. And they did. Well, not,

not when you get to this. No, I know. I agree with you. I mean, we were, we were scouting locations. And then so I immediately went to, was there some politics? Because, okay, meanwhile, Netflix is making a bid for Warner Bros. And so I'm going to go, is something else that foot here. And then I talk to that incredibly impressive woman in Netflix who runs all her content. Valerie, she was very straight with me. She said problems with the scripts. You know, family issues for the lead and this

“happens. And I believe that. I believe that's what happened. But then you see this thing get the”

plug pulled. I think the creative community space we said, America's tired of hearing about big pack. And there's a ton of, there's a ton of second order risk around these stories. Right. Yeah. Yeah. That could be. It could be that. What's doing well and what's not true. It'll be interesting how the social reckoning does. Right. Although some people say it's a mess of a script with Aaron Sorgon. I haven't seen it. But it's getting a big, that's getting a big push.

And that's the, the second part of the Facebook story. It's a, it's an accompaniment to the social network. Um, but this time Sorgon and not Fincher is directed, which we'll see how he does. Um, but you're right. It's like, do we want to see more about these assholes? Right. Like,

that kind of thing. I guess. I still think the story of Big Tech is a big story that's never

mentalled. I still think someone's going to produce it. I think I think Bezos and Musk and Shell Sandberg. And what I wanted, and they agreed to in the first season was, I actually think

“Shell Sandberg is one of the more interesting characters in Big Tech. I think she's actually in many”

ways, more interesting than Musk. And, but when you hear about these people's lives, he just wouldn't believe it unless you knew it was real. I think they're incredibly complex, interesting, strange people and the stories. Angry, unhappy. Yeah. But again, it's, it's, it really is and no one's told it that well. It's the biggest story that has yet to be told. People were obsessed with, obsessed with succession. Newscore is a pimple on the elephant, a big tech.

Right. You're right. This story really hasn't been told yet. You know what I think it's going to be? It's going to be theater and opera. Like that, I just have this feeling that there's going to be a theatrical show or in that regard, right? Where it's going to be told because I have a couple of ones going and I don't think they'll ever get made. I just don't think they will. Both my book, my memoir and then another one with Brad

Stone and I that we wrote years ago. We wrote the treatment four years ago and it's moving, but slowly. And it's a question is, do people want to watch? And unless you make it really like succession work because it was like fantastic cast, fantastic script, you know, rich people,

“fucking things up. I think it might have to wait a step to get to these people, but they well.”

They only got an amazing characters in a terrible way. Speaking of things that are crashing to the

ground, SpaceX hype is crashing. As we tape on Monday, SpaceX shares her down to $167.17 per cent down company at $2.2 trillion, still enormous. The stock is still up to $24 per cent from the IPO price. But down over 16 per cent from its peak, a lot of people feel this is going to keep coming down. I don't know, but some people are buying. So we will have the effect on the upcoming IPOs. And let's hear a question from a listener about Elon shares. It is impact on the company.

And then we can answer all these questions. So if you tried to actually sell or borrow against, you know, even a smaller percentage of it tomorrow, what happens to the price? If he dies, he can pass it in tonight. What's the stock really worth the next morning? Zero. Zero. Like, oh my god, that would be. Look out, fucking below. But your thoughts? Well, my understanding is there's a lot of nuance. My understanding is he's agreed to a self lock

up of a year. So he hasn't sold it. He's not selling any shares. But he could borrow against it. That's exactly right. And he can borrow way more than he would could ever spend against it. Explain how Pete rich people do that. Scott, for people to understand. Bar, working against your stuff. Okay. So the ultimate wealth accumulation and income inequality

really well, it's called the buy, borrow, die strategy. And that is Jeff Bezos owns $120 billion in

Amazon shares. And to fund his lifestyle, he borrows against it a very low interest rates. And then he puts a lot of it in trust. And when he dies, there's this step up in valuation. So his kids don't have to pay taxes on it. Or when he actually starts selling, he decides he needs to spend more time with his dad and Florida, such that he doesn't have to pay back the cost of the infrastructure of the great state of Washington that built his $120 billion in fortune.

And the greatest distinction between the wealthy and the not wealthiest that falling are you an earner or you an owner. And you want to do everything you can, whether it's tax-free, investment vehicles, getting the money out of your hands, automatic investment every month,

“you have to get to be an owner. Because the thing about owning stock or houses or assets”

is they increase and value tax deferred. What do I mean by that? If you make $100,000 a year, you're an asset increasing or wealth by 100,000, but you lose 30% of it in taxes. Whereas if you're stock school up $100,000, as long as you don't sell, there's no taxable event. Now what should happen is that we need new laws, such that when you borrow against your assets, it creates a taxable event on the on the capital or the asset you're borrowing against. Because what effectively

has happened is the owners are just pulling away from the earners. It's never sell your stock,

let it keep going up and borrow against it for your lifestyle needs. And then you can take additional capital and start investing in other things and diversifying. And we're going to have the last 20, 30 years in America, we've been obsessed with how to create wealth. Over the next 10 years, we're going to have a very important conversation around what do you do and what is expected of wealth. But now what's going to happen with this stock say? I mean, because let's assume he's not

going to be incapacitated or dead or but he will borrow against it if he needs the money and how much money does he actually need if he wants to say fund presidential election, for example. He's worth a trillion dollars. He can go to JP Morgan and say loan me $10 billion and they're not going to ask him what he's doing with it and he could literally overwhelm the airwaves and and social media with his chosen candidates. Is the stock going to go down? Okay, let me just

be clear, SpaceX trades at a price to sales ratio. Well, let's do it the other way. Apple trades at 10 and a half times price to sales. Alphabet 11, Tesla 16, Nvidia 39. By the way, all these companies going faster except for Tesla and SpaceX, space X trades at 131. Meta an amazing company trades at 7.3 Amazon trades at 3.7. Amazon 2.7? 3.7. Oh my god, 10 is usually the thing, right? 10 to 15 correct 12. Yeah, those are higher margin companies. Amazon's in a low margin business.

I think I think the the only stock in all of these that I would buy right now is Amazon because what you get is you get a distant number two to SpaceX with the core business of the retail platform.

“And if you want to talk about AI, the adjacent AI plays to go after industrial robots of which”

Amazon has two and a half times the total amount of America. Sure Fed X, you have to be worried too. It was the same thing. If I could go, if I could go short, any category right now, it would be a basket of the secondary AI players and if I could go long, any category, it would be GLP ones. I don't know if you've seen what's coming out of the American clinical oncology gathering, but they're now saying that metastatic cancers get cut in half, the growth rates when people aren't GLP ones.

Also, these foods, as you said, two years ago that the cuts in prices for Doritos and for all that shitty food is really quite significant. There's now not enough cottage cheese around and yogurt. And things like, you know, it's really interesting, like in terms of how people's taste of shift because one in eight Americans is on this drug at this point.

“I think it's going to be one and two. I agree. I agree. You're going to, I my prediction is both of”

us around GLP ones, some form or my question. I'm going to start my cardiologist was like, we're going to have your stroke ever again. We're going to be a small amount. I'm going to do it. I haven't been talking about potential, potential delay of dementia and Alzheimer's. They're finding out. Oh, my cardiologist was like, "Apps a fucking way we're doing it for you."

They're just finding out all sorts of, there's never been an innovation that appears to have

second order effects that are this positive, usually find externalities that are negative. You know, you get a blast someone with chemo enough, they get leukemia 20 years later, right? There's big tech, all sorts of externalities. The externalities of GLP one, there are issues around nausea, muscle loss, but the, every time they do more research,

interesting to see what the negative effects and so like that, but it's a little like a shutdown.

You know, but one of the things is people eating whole foods and craving things that are protein, protein-related, healthy proteins, which is really interesting. Anyway, we'll see, I would agree with you. You call this one very hard two years or at least,

“if you recall, I remember this, I remember being struck by it. Anyway, SpaceX Fair shares good luck”

if you buy them, and let's not hope Elon Dozer is in capacity tonight because it is a look up below for that stuff. Correct. I mean, let's just answer this question. If something happens to the hand in that price, even though SpaceX is a very fine business, it's not a very fine business. It's just a telco in this guy, essentially, without. No, the meme, the co-leader of the meme, that would be, yeah, that would be, yeah, I, I, I got to believe that would be disastrous for

her Tesla and for space. Everything, yeah. He's the one he's the key man. Anyway, one more quick break, we'll be back for Wins and Fails. Support for the show comes from Gusto. If you're a small business owner, you know, how hard it can be to navigate the economy. You can't control interest rates or tariffs, but you can control how you adapt and run your business. Automating payroll and HR with Gusto is one of the fastest ways to

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That's three months of free payroll at Gusto.com/Pivot. One more time, Gusto.com/Pivot.

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fetch is the most complete pet insurance. Get paid back up to 90% of that bills. You can use any vet in the US and Canada. All that's are in network. Go to fetch pet.com/save right now for your free quote. That's fetch pet.com/save. The Cuba capsule machine in Dina Chibofiale and of Chibode E. Okay, Scott, what's your swim winds and fails? My wind is tourists in the US for the world cup.

Yeah, I think international fans are leaving the world cup raving about America, our food. Nice. I mean, it's just hilarious. They love your waffle house. I mean, it's like Boston and this tartan, the tartan army was delightful. What the world is finding out is an America, it's core to stink to podcasts. There's like us and in Trump.

They like us. America, Americans are generous, interesting, wonderful people and it's an amazing

culture and they're getting to see that. But we get to see just how wonderful these nations are.

“And like I said, I think the world cup is doing with the UN initially envisioned it would do.”

I think it's bringing people together. These viral online videos show fans excited about American food, our huge portions, Chipotle, Shake Shack and many more visitors to NYC were able to be part of the legendary Nix parade. The world cup is attracted a projected 10 million visitors, Airbnb searches and host cities jumped 80% year on year visitors are staying about 12 days, attending two matches and spending over $400 a day on average. New York City's tourism chief,

Julie Koker, like in the boost to hosting as many as eight super bowls in six weeks. I just think the world cup, I think FIFA is one of the most corrupt organizations in sport,

100%. But you see, you see people in Kansas welcoming, you know, these people from Norway,

you see the Japanese, I just, it really is, I think we forget that generally speaking, these cultures are wonderful. Generally speaking, we're not Trump. Yeah, generally speaking, people want to get along. Generally, we're not that divided. We just have the most profitable companies in the world trying to divide us. And we have a president who's trying to divide us. That's just like, I mean, I think, you know what I'm struck by here is you get the feeling,

and this is just being in France for a short time. It's they really want to like us. Like, you know what I mean? Like, I had so many Europeans like testing to see how are you one of those people Americans? And you're not, and then they're like thrilled

“to have you there. One, you have to say everyone's been really lovely everywhere we've gone.”

And I do think there's a backlash happening, Scott. I do. People are like,

I'm tired of being angry at these hawkers. I'm like, let's just get rid of them. Let's just move along and like, and you're right, the world cup. I know you don't think as much as the next, but like, it's just, there's a feeling. I think you're absolutely right. I would agree with you. These, and this is these people want to like us. They want to like us in a lot of ways. There you go. My fail in this is indicative of social media is that Hollywood market is

flooding social media with fake trading videos. There's a great, I think the Wall Street Journal is doing a great job. They didn't analysis the found that Poly Market paid dozens of college-age creators to post videos of fake trades and fake wins on the platform. So one of the

“videos, for example, shows a young man saying he won $100,000 on a bet to Trump, which say”

McDonald's in public, but in reality, all of the accounts have made the bet a lot of loss money. And to make these clips, Poly Market built copies of its website and then told creators to make, quote, trades on those sites and hide that they were being paid by Poly Market. So, by the way, I feel I should disclose that at property markets, we have a data partnership with Kalshi. So, but we're not doing anyways, but gambling and gaming for a young man is really

corrosive. And I still can't resolve what to do about it because you don't want to fantasize young people and it's a tough one, but at a minimum, these companies shouldn't be posting fake social media posts that show someone winning when they didn't. It's just, it's praying on their worst instincts and it's disingenuous. Yeah, it's just do your business if people want to use it. You don't have to trick people. And these are great businesses, but Poly Market's

audience is 70% male and the most common age demographic is 25 to 34. So again, it's young man. And a plural, it gets this. Can I use a comparison? You know, those two, when you were after Robin Hood for a while and then the other people that you worked with public, public, they seem like the Robin Hood people, Poly Market people. I don't know. Well, they're especially aggressive. And I have problems with all of it. I don't have moral clarity about all of it quite frankly, any of it, but

the deceptive marketing mostly affects young men and just evidence of who they're targeting. A plurality of Poly Market's display ads are on what site. I'll give you a guess. Young men, they're trying to reach young men. Twitter. Hornhub. Hornhub, huh? What makes sense? So this is, and again, I don't know if you can regulate this, they'll say it's free speech, everybody's making money, but this does feel like deceptive marketing. Anyway, that's my fail.

That's a good fail. That's I agree with you. I think you're in the, I mean, it is. It's just

“quite... Why do you have to trick people? They're great businesses. People love this.”

They love the prediction markets. The data's interesting. They're addictive. They just stupid. It's just con people. My fail is the way the Republicans are continuing to attack James Talarico over his sexuality, which is, I think it must be Trump Mistook, his Lord says gendered for six genders or something, but Steven Miller is particularly heinous in terms, especially because he's such a low-sum creature. It's just, it's grotesque.

It's really grotesque and weird, and I hope it doesn't work. I fear it might. But this idea of accusing someone of being transgender and this, so it continues. And especially Ted Cruz. I mean, honestly, I hate to say he should know better, but he guess he doesn't, but that Miller and Cruz and a lot of them are just grotesque.

It's just grotesque. I've never seen anything like this, and it's really hateful and cruel.

And especially because these particular men are particularly low-sum men at the same time.

they keep doing it. They must to be seeing some polling or something, but they're also terrible people.

“It's just gross. Like, I don't even know. It's so hates a misogynist.”

It's transphobic. It's definitely, it's all manner of weirdness on these people's part. And just, again, a bunch of people I cannot wait to see go away at some point, relatively soon,

and we never have to speak of them again. It's how I feel about a lot of these people.

On the positive side, really thrilled to see toy storage did so well. It's one of my favorite movie franchises. I, the third one, I lost it at the end of that one, about it's about toys. And it's about everything. And this one is, you know, focused in on empathy, focused in on all the good things we've been talking about in this show. And I haven't seen it yet. I have my kids, my little, I saw that the other one's obviously

with my older kids because it's been so long. This is the fifth one. And sometimes when you get to

“five, you're like, you gotta be kidding kids. I just want to sell toys. But the, the reviews for this”

and I have not, I want to see it in the theaters, making a witch. And we're going, I've downloaded all of them here and I'm hoping to watch all four movies with the little ones and then take them to it. I just feel like, what a, what an astonishing franchise it's been. And it's just, I dare you not

to cry at almost any of them. I just, I cry and I don't cry. That last, the third one just killed me.

Just killed me. And I don't know why. I just, it's just beautiful. And this one's about stuff that's starting out. It's about digital. But it doesn't demonize digital. It just talks about play with kids. And I'm very excited to see it. So I'm really happy for the Pixar people for putting out a great film. And I'm excited to see it. Well, you know what my, like go ahead, sorry. You know of my ex-wife said when I came home and found her fucking Woody. Oh, she said, she said, she said,

she said, you have a friend in me. Oh my god, how do you do this to me? Come on, that's easy. No, that's easy. That's the worst. That is the, I'm not going with you to this movie. You're not getting your my children on this trip to Korea. I can't, I'm pronouncing it right. Can't, can't, can't.

Thank you for ruining my beautiful gorgeous moment about children playing everything else. I

truly appreciate it. You're not allowed to go to this movie in any way. Oh, stop, stop, stop, stop right. Anyway, so Scott, I'm looking forward to seeing you. I might see you at a party tonight. Maybe I won't see you at a party. But I want to ride on that zodiac. You know, Toy Story 6 is about, oh no, no, no, no, no, no, no, no, no, no, no, no, no, no. Toy Story 6 is about Andy's mother's toys, which coincidentally are also called Woody and Buzz. Oh my god, all right. All right. All right.

You have ruined my win. Those are so bad. Those are so bad. And they're so bad. And they're so bad. And they're so bad. And they're so bad. And they're so bad. And they're so bad. And they're on your cameras. They're the producers laughing. That's my list now. No, no, no, no, no, no, no, no, no, no, no, no, they're going to afterwards ago. Scott, do we really want to do this? And we're going to. So that's the way. That's where Larry goes. Like that. That's the voice. Anyway, I will see you in person at

“live. We're going to have lots of people there. It'll be fun. I think it is sold out.”

We are, and I am also doing a live interview with Jim Bakeoff and Meredith Levian from The New York Times. Oh, stop this. I mean, that sounds really interesting. Yeah. What is NPR hosting that? Yeah. It's going to be great. We're going to talk about the, yeah, the forced service. Listen, dirty, dirty. I'm going to see, at the, at the crane club pop-up on the alley tomorrow. And then I'm going to the Spotify party. Yeah. Who wants to roll with the dog? Who wants to

roll with the dog? We will, I will see you in a few days, Scott. And we want to hear from you. Also, our listeners sent us your questions about business, tech, or whatever's on your mind, including Scott's filthy, filthy brain this week. Go to nymag.com/pivot, submit a question for the show or call 8555-1. Pivot or an elsewhere in the Karen Scott universe. This week on all with Karen Swiss, right, talked to Harvey Levin, founder of the celebrity news jargonaut TMZ

who I adore, but it's new Washington, DC bureau and expanded political coverage. Let's listen to a clip. I do want to just say one thing that, you know, you're referring to this as, you know, politicians being a form of celebrity. Right. Yeah. I don't view it that way. Okay. I view it as pop culture. We cover pop culture and pop culture can be a lot of things. You know, it can be sports, it can be entertainment, and pop culture is politics because a lot of the things that affect

everybody emanates from Washington, DC and emanates from the courts and emanates from Congress, from the president, and it affects all of us. So they are an integral part of pop culture. So

He's a great guy and by the way, they're breaking some stories. I have to say that they really

are. They're like when they took those pictures of politicians during the shutdown, like Lindsey Graham

“with his bubble wand Disneyland, I think they're doing an excellent job. Reminds me of the old”

Washington Post, which used to do this kind of stuff and mix of things. Anyway, he's great. I've

known him for many, many years. I like Harvey a lot and he's a really interesting entrepreneur in

“media. He's one of the OG ones. Okay. That's the show. Thanks for listening to pivot. Be sure to”

like and subscribe to our YouTube channel. We'll be back on Friday Live from Can. Today's show is

produced by Larry Anayman. So I'm Marcus Taylor Griffin and Todd Wiseman. Any interest I'd

“introduce this episode. Thanks all sort of to Joe Burroughs, Mr. Barry in the National”

International Corros box. I mean he's executive rooster podcast. Make sure to follow up pivot on your favorite podcast platform. Thanks for listening to pivot from box to media. We'll be back later this week for another breakdown of all things tech and business. Go team Scotland versus Brazil.