CNN

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• bearish assessment Ben Smith

  the same stuff that i think we were talking about before this sort of era where what seemed to work was the loudest shouting or the most intense pandering or you know it's kind of over and i think you know advertisers hate it and i think that's probably weighing on fox in particular as well as on cnn

• neutral assessment Unattributed

  surprisingly little controversy in the technology world about this move.

• neutral fact_claim Unattributed

  Apple complied with AG Bondi's request.

• mixed assessment Unattributed

  The last thing I'll say in terms of in the plus category, and I think as a user, this is a plus. As a publisher, media, copyright holder, I would not think it's a plus. But it's very easy to work around. There are guardrails to prevent you. If you just wrote like Shrek at a rave, it might be like, we can't do that because Shrek is a licensed character. But you can, like in this case, I didn't say a character name. I said a Jedi Knight talks his way out of a parking ticket.

• bullish assessment Unattributed

  It's Elvis. It may not look exactly like him, but it's not creepy. It's not in that uncanny valley. They've made it to the other side of the valley, which a lot of people, myself included, didn't necessarily think they were going to.

• bullish assessment Unattributed

  It's getting better at storytelling. It's figuring out narrative. And it's not just characters standing around saying, like, hello, how are you? I am good. How are you? You know, like the original AI, it was very basic. And this is... It's gotten to that next level of cleverness, wit, thoughtfulness about the scenario.

• bullish assessment Unattributed

  It is sort of functioning like an agent. And it is tied into your chat GPT account. So if you use yourself and you say, Lon Harris is on a talk show, it'll have the talk show interviewer ask me like, so what movies have you seen lately? Or tell us what it's like working with Jason. Like, it knows me from my chat GPT. And it implies that to my Sora clip, which is... And it landed a joke here when it said it's cold out here. That's what I mean. It's that next step of cleverness up from where the o

• bullish assessment Unattributed

  I do feel like this is a genuine step up from where we've been. Not only just in terms of the fidelity, like you can make a guy in Sora that looks a lot like yourself. You can realistically recreate IP and famous characters. But it's not just that. It can fill in the gaps for you. So if you give it a funny premise, Sora's very good at figuring out what the joke is or what the bit is and actually filling in the details in a way that adds value to the premise you came up with.

• bullish fact_claim Unattributed

  Sora, we talked about it earlier on the show. I have some big news. It has reached the absolute top of the iOS app store here in the United States, besting even ChatGPT, besting even Google Gemini, which means that OpenAI has yet another hit on its hand.

• bullish assessment Jason Calacanis

  Not a demand issue, a supply issue. Employees in the company didn't put up as many shares as they could have in this tender offer, which people are taking to indicate that they're big believers in the company.

• bullish fact_claim Jason Calacanis

  First of all, it is now the most valuable private company in the world. OK, just squeaking back SpaceX, which we talked about a minute ago, and the tender offer was worth about $6.6 billion in total.

• neutral assessment Unattributed

  I think the entire future of Reddit is to go there and get an LLM search box and then underneath it have, you know, make it look like Google with the search box or perplexity or anybody, Brave Search, DuckDuckGo, DuckDuckGo, have it be a search engine and underneath it have all of the top communities. And then it should be studying you and doing your for you page and serving you up stuff. And they really should just assume that the era of free search engine traffic is going to be deprecated slow

• bearish criticism Unattributed

  So here's a recent chart of Reddit's financial performance as a stock, Jason. Clearly it's taken quite a lot of blows. It was around 240 earlier in the week and now it is down to $208 per share. So yes, a lot of downward pressure there, perhaps from the Google SEO situation. I'll just run the math for us really quick. It was, it is off 13% over the last five trading days. Well, ironic because Reddit does have a deal with Google that pays them for access to their information. And as we talked abo

• bearish fact_claim Unattributed

  People were saying that the stock is down because of this, like 5% or 10% because Reddit typically appears in the lower rankings. So this is, could be a big part of this future story, which is the impact of SEO and scraping and content creators and how do they get traffic to their website? How do they get traffic to their website?

• neutral fact_claim David Friedberg

  That's significant. So a bunch of websites like Reddit, I think Reddit, you can check the stock right now and pull up the stock price.

• bullish fact_claim David Friedberg

  The other thing that's interesting is these browsers are a backdoor for training data. If Reddit and Hacker News and Tech Meme do not allow an LLM to scrape their content, right, or to otherwise produce it, well, I'm running a tool on my computer and I'm scraping the website. I'm opening the browser windows. So since it's my browser and my IP address and the Mac address of, you know, my computer, it's not their scrapers going and doing things in the world.

• bullish assessment David Friedberg

  So getting continued growth and having more users sign up for free and then funneling the free users into the paid product. And then, of course, I'm sure these browsers will have advertising built into them.

• bullish assessment Jason Calacanis

  So the cost of capital for AI companies is very cheap right now. So it probably does not matter if they've raised hundreds of millions of dollars, if they lose an extra $1 or $2 million a month at this point in time.

• bullish assessment Alex Wilhelm

  So the latest news is that Perplexity, Jason, a company that's best known for its AI Surge products and also launched the Comet AI-infused browser that we talked about on the show a number of times, not only made the browser available for free instead of just for some of its paid users, but also just took the waitlist off of it. Said it had millions of people waiting to use it. And this is a pretty aggressive move. Previously a gated feature, now available for all.

• bullish assessment David Friedberg

  Dome, a unified API for prediction markets, great idea. They're going to need to have, if the information is public, they're going to be able to not scrape it but they'll be able to collect it but they're going to need probably permission from these markets if they want to have API access but a lot of times small ideas, things start as small ideas and it's a wedge and it opens up into something bigger. So I kind of like the idea actually. They're skating to where the puck is going.

• neutral assessment David Friedberg

  employees need to know if you're putting aside the prediction markets, your employer, you've already signed documents that you're not going to share information.

• neutral fact_claim David Friedberg

  Apple is very famous as well as Tesla and anybody who releases products on some cadence of explaining this explicitly to employees.

• neutral prediction Unattributed

  companies are not going to have to be super clear about what their employees are allowed to do because they don't want to accidentally leak secrets through this loophole.

• neutral prediction Unattributed

  I'm sure OpenAI is going to pay a lot of attention to this person when they bet on future Gemini release schedules because it's going to tell them exactly what's going on.

• neutral fact_claim David Friedberg

  I have a partnership and I'm a shareholder in, full disclosure.

• neutral fact_claim Unattributed

  They correctly predicted the day and bet against all the other days. This led them to making a $424,000 gain, betting that Gemini would not be released by November 15th. They bet no, that it wouldn't come out by October 31st, $114,000. And they bet yes, that it would come out on November 18th, netting them $91,000.

• bearish criticism Unattributed

  There's one user who went by the name Alpha Raccoon, now rebranded to Zero A-X-F-E-E, that made about a million dollars, Jason, in 24 hours, making very granular bets on Google happenings. Now, people are calling this person an insider. Forbes is covering it. It's viral all over Reddit. And I gotta say, it looks pretty damn suspicious.

• bullish prediction Unattributed

  Them having a 24-hour news channel globally on Netflix would have been a game changer

• mixed assessment Unattributed

  Netflix would not have overcome... I think clearly that would have faced regulatory hurdles that Netflix would not have overcome. Like, can they take over a TV, major TV news network? They should have been able to.

• neutral fact_claim Unattributed

  I think the fact that CNN is not part of this deal and is going to get spun off and could still be acquired by a more Trump-friendly voice means there really isn't as big a win in shutting this one down.

• bullish fact_claim Unattributed

  Oracle, et cetera, are kind of his guys.

• bullish fact_claim Unattributed

  Paramount was the company I believe he wanted to win

• bullish prediction David Friedberg

  This would change the dynamics of everything. And then this would make Disney Plus catch up and then exceed Netflix.

• neutral fact_claim Unattributed

  And Disney's worth about $190 billion, Jason.

• neutral fact_claim Unattributed

  Disney owns several movie theaters in Los Angeles. The Crest in Westwood and most famous is the El Capitan in Hollywood. They do special events there all the time.

• neutral fact_claim Ted Sarandos

  And he said, we'll never be in that business. He doesn't like movie theaters.

• neutral fact_claim Unattributed

  So this works out to about 17%.

• neutral fact_claim Unattributed

  The deal, as of now, $72 billion, so $82.7 billion in total enterprise value.

• bearish assessment Unattributed

  Netflix does not have this much cash that it can just throw around.

• neutral fact_claim Alex Wilhelm

  the largest growth rates are actually in the APAC region.

• bullish assessment Alex Wilhelm

  its EMEA revenues are nearly as large as its U.S. Canada revenues. And it's doing quite well in both Latin America and the Asia Pacific.

• bearish prediction Unattributed

  Combine that with the power of HBO Max, and I feel like Europe is going to be a really hard nut to crack for this deal.

• bullish assessment Unattributed

  Netflix already has been really tough for a lot of international marketplaces. Like, they're already dominating.

• bullish prediction Unattributed

  Netflix plus HBO Max is going to be a dominant player in a lot of international markets.

• neutral fact_claim Unattributed

  Netflix has won the bidding war to obtain Warner Brothers. Now, the film and TV studio and all of the Warner Brothers IP, Harry Potter, HBO shows, Barbie, DC Comics. That's all on its way to Netflix should this deal get past the next level of regulatory scrutiny, which is going to be, I suspect, very intense.

• bearish criticism Megyn Kelly

  Where were the follow-up questions? Yes. Where were the hard-hitting follow-ups when she said her nonsense? ... And it was just irritating because there's so much for Kamala Harris to be cross-examined on. She just, she went to sleep.

• bearish criticism Megyn Kelly

  CNN, Anderson Cooper's show, which was, you know, across from us for a while, minus one hour, had something like 100 staffers. So think about it. So we did not, in July, we did not beat CNN, but we had two-thirds of CNN's YouTube audience. Two-thirds. Every single dollar in the multi-billion dollar CNN audience went into, obviously, their live broadcasts, which we crush. We crush their numbers, you know, dollar to dollar in terms of, like, the podcast and so on. But let's just look at YouTube. S