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blue Sky's growth doesn't appear to be stopping with a platform Crossing more than 21 million users keeps adding a
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million users a day while the threads has five times more daily active users in Blue Sky ahead of the election that
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lead has now been reduced to 1.5 times Accord according to similar web so people are really using it meta uh now
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seems to be feeling the heat introducing new features suddenly oh competition brings Innovation and copying including
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custom feeds around topics or people mimicking blue Sky's capabilities Adam misseri the head of instagam seem to
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downplay Blue Sky numbers sharing that threads is more than 50 million signups in November alone agreed threads have
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been seeing a million new users a day for the last 3 months agreed but it's very exciting that a young that a small
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little little thing is doing really well um Blue Sky financials Blue Sky was initially launched as a spin-off of
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Twitter under Jack dorsy the company has since cut ties with him that was interesting kicked his ass out now
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majority owned by its employees so uh talk about the surge first Scott and then I'll talk a little bit more about
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financials I've been contacted by so many very wealthy people about investing in
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this thing and very big names that people I like actually um who are meeting with them and talking to them so
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thoughts very first on the Surge and then I'll get to the um investment soon you know more about this than I do I
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just got on it's the hottest new product introduction and I know that's not it didn't happen in 2024 but this is the
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hottest new product in Tech right now no doubt its user base has gone from 30 13
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million to 23 million in Just 2 weeks its usage its daily active usage is now greater than threads this is the hottest
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product in Tech right now and what I would ask you i' would flip it back to you and is that in it's one simple
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question why uh well you know I think it's fun it's actually fun and look I don't think you have to necessarily
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choose I like both I really do like threads I I said when Amanda was joking about it she said um blue sky is like
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the coolest bar you've ever been to and why are you over at the Cheesecake Factory and I'm like the cheesecake is
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Del delicious like I you know I think that's probably right a good metaphor um I I like it's better for Mar threads is
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better for marketing my stuff honestly and actually has a nice Vibe too and it's a little more like Instagram with
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text you know like I can see like I don't find the really funny videos that I like I I find them on threads much
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more like I know it sounds dumb chopping up food in creative ways or doing kind of cool karate moves or there's one I
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just pushed where a guy let me look at it on threads um the top of my feed um it's a guy who mastering the art of
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camouflage to disappear in any setting he's a artist who camouflages and then stands in front of things I wouldn't
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have found that on Blue Sky I would be uncool so I'm fine with that but I do like it they're much funnier people they
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are assembling a news forward group of people a lot of journalists a lot of Pauls are coming over they're
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replicating that part of Twitter the news feeling and that's something that threads had pushed away from which is
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now they're now moving back letting people choose politics if they want like politics and news they were very much
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against it and so you Days Later you'd see things that happened days before so I think blue skies grabbed that and I
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think that's why they're doing well because some people like news out of these things some people like
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entertainment out of them and so um I think and it's so it feels it feels like old Twitter but not in a toxic way I
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don't think it's an echo chamber by the way guess who's building the echo chamber Elon Musk is building an echo
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chamber over on over on his service and to pretend otherwise is ridiculous I mean one of the stories that just came
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out is that how he's he's he's minimizing um uh links to news links to uh stories so that people don't get to
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see them he's creating an echo chamber too and that's what some of these things are but I like them both I like them
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both so let me ask you about the money part though um they've raised 15 million in series a funding back in October and
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then there's already interest uh in a new investment round I again I've heard from lots of people the CEO has said the
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platform is billionaire proof because it's not one centralized feed of content it's a protocol from which endless feeds
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can be created you can also take it with you and again this Echo chamber I don't
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I think it's a nothing Burger but talk about why you would or would not invest in
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this oh I mean you're talking to a guy who invested in post post yeah you and I did uh look there's social
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media why would you do it to make money and there there is an enormous the the rivers are
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reversing all the money that's gone into traditional media that the weird thing about media spend is it is arguably the
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most resilient business in the world for about a hundred years advertising or media spend or ad supported media has
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been approximately 1 and a half% of GDP in a recession that goes 1.4 because what a lot of people I'll go back here I
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got named Tyler Johnston the CMO of dryers he was my first client out of business school from my brand strategy
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from profit we went into a recession it was 92 and he said we're increasing our ad spending because this is just as all
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the bigger players are pulling back this is a unique opportunity for us to grab share at a lower price because ad rates
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have come down so generally speaking media spending is incredibly resilient but it never goes that much greater or
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that much lower what's different is where the money goes grabs the grabs right oh my gosh and the amount of
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capital still up for grab you we talk about CNN CNN still does a billion dollars I mean there's a lot of money
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still up for grabs here and now there's going to be up money up for grabs among the bigger players and when you have an
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entity like that if they rais money at a valuation of 15 million that probably means it was sub a billion you don't
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raise 15 million on a billion you don't you don't you don't issue one and a half% increase in shares that probably
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means it was at somewhere between 50 and 200 million oh my gosh I mean I'm immediately thinking does Caris swisser
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know this guy because I want him to open up the R so I I can get in it's run by women but go ahead this is this is this
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is a company they will do I wish this was predictions day they will raise round They will announce around in the
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next 90 days if not sooner at a billion dollars plus this is the hottest product in the hottest category in the
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world and that is a media company that can scale um uh that has network network like scaling ability and everybody is
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talking about it uh so yeah why would you invest so you could make a [ __ ] ton of
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money yeah I would I would think so I think they're trying very hard um to to make sure that it's um that that it's
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that that people know people can take their things with them um the CEO was a woman Jay Graber has been an advocate of
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decentralization empowerment so they you're going to get what what um that kind of attitude towards it it's not
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here for you know very heavy privacy rules they love moderation they toss people off they feel it's a whole
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they're creating a whole different thing censorship oh stop it let me say let me
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spread misinformation and if anyone there's story after Story content that I don't like that's not censorship
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that's correct thank you um so um so that's really interesting and then the COO is a woman it's woman run it's woman
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run but it's not like Precious in any let us in there king of the king of the woman Amazonia slash subu loving slash
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isn't that Goode for the right man wasn't around at the right time oh that was wrong you know what I like the best
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they were going to make it as a sub brand of Twitter and they and Jay refused and and then it was spun out and
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then they jumped Jack dorsy that's my favorite part of the whole equation I love it like I like ja who speaks in
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those those hush tones strange could easily build the biggest beard oil product in the world I I'm going to give
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you the sense that I give a flying [ __ ] about the world like Sam mman because I
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speak in hush measured tongues that's true go check out some of the stuff he's been putting out there it's a little
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strange in any case we love Blue Sky it's great and Amanda you're right at the same time I do like threads I'm
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sorry I'm not going to have I don't have to things I like I like if I feel good after using a product I like it and I
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know it's Mark Zuckerberg but I like what they've done there and and it is like threads it is a it is a um a
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Cheesecake Factory I'm fine with that