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What's going on here is contrary to the very reason America was founded. The
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reason we started this experiment was we didn't want to be abused by a monarch.
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Hi everyone, this is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Carara Swisser and I just
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scooped out my litter and Scott is in Swanky, Switzerland. This is the state of our relationship. I was with your
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first wife just a few minutes ago. >> I I heard she's swanning around there.
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How's it going? >> Yeah, she's uh one of my favorite things is this thing called she knows and
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>> they invite me because they know dudes will show up and they like to have dudes
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at their stuff. Um >> that's that's just what women want. But go ahead.
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>> Well, I think it is actually. Um I think they want to reach across the aisle, so
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to speak. >> Okay. >> Or I think they want to do a reach around. Um, oh god, my mind is a blank
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now. Um, >> okay. You're in Davos. >> Yeah. Yeah, that's where I am.
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>> And by the way, you look fantastic. Let me just say, >> you know, unfortunately, Cara, my
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iPhone, when I opened it still, uh, the Apple Face ID still works. So, >> and everyone said, and everyone's
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saying, you just look like you. And I'm like, well, that wasn't the [ __ ]
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point. >> It's I can see the difference. >> Yeah, I'm here. I don't know if you can
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see this equivalent. If Days In had a a branch in Davos, I'd be here. But it's
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only $2,700 a night. And if Trump gives another speech, the dollar is going to crash and it's going to be $6,000 a
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night. So, I should probably go check in now like it's Wear Germany or check out.
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Um >> Oh, could Well, before we start, I >> think you would hate it here. I can't
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even >> I hate I do hate it here. Last time I there, I was there with Megan when I was
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married to her. And like you, she got one of those weird global leaders of tomorrow's yesterday. whatever the yawn
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or young entrepreneurs and this was a million years ago and I went as a wife and I hated every [ __ ] second of it
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and I'm sure it's worse now. >> You know what it is? It's it's the least
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sexy place >> in it's the least sexy gathering in the world. It's like got the sex appeal of
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like a Marriott lobby. >> It's just >> it's just it's rough here. It's um
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>> Give me an an overview. Besides, let me just make a point. It's been 34 days
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since the deadline passed for the US Justice Department to release the Epstein files. I just want to note that
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just just just to add that in. But go ahead, tell me what's what's the vibe in
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in the place where they pretend things are normal. >> Okay, so first off, uh the last time I
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was here was 1999. I was here 26 years ago. I don't know if you know this about
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me, but I peaked early. >> Similar time frame for me, but >> yeah, I was there 26 years ago. And the
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vibe then was um it was about the internet. America was about cooperation and consumerism
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and sort of there was some there was really optimism like I want more. It was very consumey if you will. And now I'd
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say the vibe is one AI. Everything's AI. I was one of these guys running around
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trying to pitch my startup Red Envelope or my e-commerce incubator to everybody.
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Now everyone's pitching everyone on AI startups. And the American brand, which is meant
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to be the operating system here, I think, is really about coercion and chaos right now. And the vibe
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>> and arrogance. Arrogance is what I'm >> It's even beyond arrogance. It's it's
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it's just being rude for no real reason. Like, >> and >> Howard Letic was a particular [ __ ] on
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that topic. Yeah. >> Yeah. And Christine Lagard, she walked out on him. That was kind of the big the
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big event here. But there is also the vibe here is very unsettled because for all the talk about Europe
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being a union is clearly still not a union. In my opinion the strongest move would have been if they had somebody had
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actually read Mark Carney's speech and said he just articul articulated how we
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all feel more powerfully than anyone in the European Union has done. We want him
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to give that speech. We want him to outline a series of things that we could do as a union of all Western nations,
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selling US treasuries, forming a trading zone outside of the US, and they should
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had all [ __ ] 27 EU member leaders sitting behind Mark Carney. Instead, they just look like, oh, the number six,
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you know, the world's six, 11th, 28th, and the seven dwarves economy are angry
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at us. They clearly don't care. >> All right. Okay. All right. This is like
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you attacking the Dems. Tell explain what the rep what what the Trump administration is doing there cuz let's
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talk about the bullies not the bullied uh for a second. What what is the vibe from a Latnik uh Bessant looks like the
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the the man from Great Pup? Like he's he's excited to find Greg Pupon everywhere he goes. Never seen such a
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crash in reputation of that guy. But talk a little bit about that the the the arrogance because it's just you can you
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see it bristling off of tech people. Uh, the Palunteer Seal once again needs to stop talking quite so much. Uh, the only
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one that was interesting was Daario Amodi who is still trying to piss off David Saxs which I enjoy every day of
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the week and twice on Sunday. But what's the vibe from the US? It seemed absolutely [ __ ] you. Like we're we're
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we're the man even though and I'm popular. Trump was saying even though the his polls are crashing here in the
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United States. >> Yeah, I was at a dinner spoke last night. Um the I don't know the the way I the way I
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would describe the vibe is I don't even think it's the business leaders I still
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think are really well respected. People are still like hey Anthropic can you open a branch in Helsinki and let's talk
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about Poland's economy. So there's still I think a real I don't know if the terms
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affection but appreciation because the bottom line is the American economy continues to grind on and one of the
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masters of the university I went to one of his dire house one of the the masters in the
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university finance stood up and said look distinct of our political situation and
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he talked about anthropic anthropic raising 10 or 50 billion at 300 there's like seven companies in Europe worth
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$350 billion or more and anthropics started 5 years ago >> it's actually gaining a lot of ground in
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enterprise too. But go ahead. >> Yeah, it is. And it's it's it's kind of
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the success story maybe outside of Gemini and AI, I would argue over the last 12 months. So I feel like there's
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still a great deal of affection and want to work together. I wouldn't argue I
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would say that from the administration standpoint, their presence here isn't I
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think arrogant the wrong word. I like the definition of stupid. You help others and hurt yourself, you're an
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artist or philanthropist. You help yourself while hurting others, you're a bandit. You help others while helping
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yourself, you're intelligent. The definition of stupid is hurting others while you hurt yourself.
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>> Yeah. >> The the talking about how important it is for the US to own
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Iceland when you mean Greenland. >> You just look stupid. You just And it's
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not going to happen. The big news to be fair, he walked back military action. He
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said that's not going to happen. He did away with the tariffs he threatened earlier in the week. So, we come across,
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we just come across as just we're we're we're a baby with an AR-15 is how we
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come across right now. >> So, is it worth it for you to be there? Do you you look like you wanted to get
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out and I needed to helicopter in and get you, but uh was it worth it? Is it worth it?
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>> Well, so I'm name dropping. I said no. And then Larry Frink called me and asked
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me to come and said, you know, was very nice to me and said, "This will be a
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good audience for you." And I got to give it to him. This is quote unquote according to people who've been here for
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30 years the best office yet in terms of the quality or the power I would say of
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the people. You know Elon Musk felt left out. He's flying in this afternoon to
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give a speech. Heads of state senators the thing that sort of embodied how powerful the people are. I literally saw
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Lindsey Graham walking around looking for someone to talk to. Like he looked lonely and he was trying to find someone
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to talk to him. >> Yeah. He's such a pathetic chad. >> So everyone's here.
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>> He's a chud not a chad. And by the way, you wanna you want to hear serious vibe,
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serious juju, serious mojo, serious RZ, [ __ ] Governor Nuome is walking around like he is the next president. And guess
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what? Everyone believes him. He has an entourage of He has so I'm not exaggerating. It's like there's light
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shining on the guy. He was I >> He really had So >> I walked down I walked down I had one of
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those This was a nice moment for me. I have I have a big ego like everyone else. I walked down into the Congress
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hall and there was a crowd of people around this guy and no matter how big the crowd is, you see him like he's
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[ __ ] Rihanna standing on Arnold Schwarzenegger's shoulders. >> He just it's like and it's like God.
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It's like he's the chosen one. >> Yeah. Yeah. >> And then he stops and comes over,
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>> catches my eye and he hugs me. >> I feel like one time this guy, the
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coolest guy in my junior high school, Andy Lowour, who I didn't even think know was alive. I didn't even I didn't
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even know I was alive. I did a comedy sketch at the talent show on Laurel and Hardy and he came up in a class and he's
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like, "Go, you're the funniest." And he high-fived me and for a day I was the
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most important person I'd ever known. >> This is I was It was like the cool kid.
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The cool kid high fives you >> Anyways, came over, hugged me, and >> I tell you,
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he texted me that he saw me. >> I'm just texting with everybody. I was
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like heranging Mark Benny off. I was texting. texting everybody there. >> You're literally stalking me. I sit down
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at dinner last night and the woman next to me goes, "Carra's talking to me. She
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knows we're sitting together." I'm like, "How the [ __ ] does she know we're
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sitting together? You're like the Stazzi with Wi-Fi." >> They will text me. They're like, "Where
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are you?" I'm like, as if I'm I'm making quesadillas for my children and
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scooping. >> The highlight I'm totally I'm totally name dropping right now.
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>> All right. Go ahead. I was si I got to sit next to Sasha Baron Cohen and I
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rolled with him after and he and I went bar hopping after. >> Oh, okay. >> And he was he was picking up a friend
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>> and Katy Perry and Justin Trudeau. By the way, Justin Trudeau's skin there's
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no way that guy was stressed in office. He looks like he's he's a world leader
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and now he looks like you're happy. You're swaning. Oh my god. >> Anyways, I'm totally swanning swaning.
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Let's go. Let's talk about >> Hold up. But Sasha goes I go I'm going
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to this wine tasting thing, master the universe thing. You should come. And he goes, "Can I come in five minutes?" He
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goes, "Will you leave my will you leave my name at the door?" And I'm like,
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"Sasha, something tells me they're going to let you in." >> Anyways, that's my that's my big
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celebrity thing. >> Well, he's great. He's a great guy. >> Super thoughtful. He understands AI.
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>> I I though you don't invest in our relationship. I did one of my favorite
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interviews with him. >> He said he was on with you. >> Yeah. He's great. He's so smart. He's so
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smart. >> Middle class Jewish kid from the suburbs of London. And really fearless, too. I
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like him a lot. and a lot of his stuff if you look at it now even if it's a satire especially around the dictator uh
00:10:47
is spot on like some of some of the stuff he wrote. Um so just so people know couple of things from their
00:10:54
headlines. Donald Trump's backing off his threat to impose tariffs on Europe
00:10:57
saying there's now a framework for Greenland deal. He there isn't a framework for Greenland after meeting
00:11:02
with NATO's secretary general. Trump said the solution quote if consummated would be great for the US and all NATO
00:11:08
nations. It's probably more US bases. The idiot. he could have done it before.
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Uh that announcements came just hours after Trump delivered his big speech at Davos where he seemed to be gripping the
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podium as if it to save his life where he repeated his desire to acquire Greenland or Iceland as you said as he
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referred to it. The speech did not go over very well. He insulted and threatened our NATO allies. Uh even
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though the White House was saying was great. I think most people did not think so. But let's listen very quickly to
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give him a moment. So, we want a piece of ice for world protection and they won't give it. We've never
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asked for anything else and we could have kept that piece of land and we didn't. So,
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they have a choice. You can say yes and we will be very appreciative or you can say no and we will remember.
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>> It's reminds me of my four-year-old Saul when he didn't >> like a mob boss, isn't it?
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>> I know. I know. But it sounds like a toddler actually when Saul didn't get
00:12:07
the Hot Wheels he wanted. Trump also wasn't thrilled with Canadian Prime Minister Mark Carney said who gave a
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quote speech at Davos Tuesday talking about the rupture in the world order. This was a speech to remember. It was so
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beautifully delivered. This guy is really top level in terms of delivering a speech. Let's listen to what he said.
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>> We have a recognition of what's happening and a determination to act
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accordingly. We understand that this rupture calls for more than adaptation. It calls for honesty about the world as
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it is. We are taking the sign out of the window. We know the old order is not coming back. We shouldn't mourn it.
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Nostalgia is not a strategy. But we believe that from the fracture we can build something bigger, better,
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stronger, more just. This is the task of the middle powers. the countries that have the most to lose from a world of
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fortresses and a most to gain from genuine cooperation. >> Smart, not pearl clutching, not
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victiming. Cardi warned that the middle powers, it sounds like the middle kingdom must act together because quote,
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"If we're not at the table, we're on the menu." He's absolutely right. Uh
00:13:16
contrast um the the two the two speeches. And by the way, Trump sent the world markets on a roller coaster the
00:13:24
last few days as global stocks plunged early this week following Trump threatening to slap tariffs on Europe,
00:13:30
which he didn't, and the markets rallied once he pulled back. So talk a little
00:13:34
bit about these two speeches and the impacts on the markets. >> You summarize it. Carney gave the speech
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at the conference and supposedly he wrote it himself. I mean, there's so many great lines in there. Nostalgia is
00:13:44
not a strategy. This isn't a transformation. It's a rupture. And one of the call signs I think for great
00:13:50
leadership is forceful yet dignified. And he was all of that. And of course he he tweaked Trump and Trump mentioned his
00:13:57
speech. Trump just, you know, he um he just came across as uh brambling and offensive for no
00:14:07
reason. And the general vibe here is that the Europeans, not with Americans, I still think they want to work with
00:14:14
American companies. But with with the American administration, they're just sort of fed up. They're just like,
00:14:20
"Okay, we're just sort of done with these guys." And Howard Lutnik, I don't
00:14:23
know if you heard this, Howard Lutnick was heckled at a dinner, by the way. >> These aren't protesters with blue hair
00:14:31
holding signs. These are these are state leaders who went to Swiss boarding schools and to you know Dalton and and
00:14:40
eat with the right fork and they just listen to this guy talk about how globalization has not worked and we've
00:14:47
been taken advantage of. It's like okay boss we sell in the highest margin products in the world to these trading
00:14:52
partners. They sell in lower margin products. We have grown our economy faster than any economy in the world
00:14:59
with maybe exception of China over the last 20 or 30 years. Come again. Why has globalization been bad for us? He just
00:15:06
comes across as an ass. >> He's a [ __ ] He's a, you know, he never
00:15:10
was a highlevel person on Wall Street like a Bessant. Besson wasn't the highest level, but he certainly was up
00:15:15
there. But they both come off like morons. Just morons. And that's the word I think of every time he opens his
00:15:20
mouth. And you know, he's such a thirsty [ __ ] That's really the way it goes.
00:15:24
Anyway, so are when are you coming back? How long how long are you going? >> I was supposed to come home tomorrow.
00:15:28
I'm going to come out tonight. I'm going to peace out. Davos feels like Vegas for
00:15:32
me in the sense that it was great for two days and now I just can't wait to get get out of here.
00:15:35
>> Yeah, you look like that at the beginning. I like your videos, though. They're nice. They're lovely.
00:15:39
>> Yeah. I just, you know, I'm not raising money. I'm not running for office. It's
00:15:42
like, why am I here? >> Why am I here? Why are you there? Why aren't you here?
00:15:44
>> Well, you know why? Cuz Larry Frink called me and said, I want you to come.
00:15:47
So, you come. And I I mean, I met with the president of NYU today, the chancellor of Berkeley. I have a lot of
00:15:52
friends here. >> Yeah. you get to see people, >> you know, it's nice, but I'd rather be
00:15:56
at home doing podcasts and hanging out with my boys and I'm I'm finally getting
00:16:00
to the point where it's like, okay, what where am I? I'm I'm really trying to be
00:16:04
more purposeful. >> It's good that you went so you understand that this is like going to
00:16:08
the island of of, you know, donkeys that Pinocchio went to. Now, you know, now you know.
00:16:14
>> That's not the island I thought you were going to reference, but I'll I'll I'll
00:16:17
stick with And by the way, again, it's been a month since they were supposed to
00:16:21
release the Epstein files, and we're going to keep a ticker on that one cuz they're violating the law.
00:16:26
>> What is your perception of it as an outsider? Sometimes it's hard to read
00:16:29
the label from inside of the bottle. >> Honestly, there's all kind all manner of
00:16:33
nonsense going on in um and and really violent nonsense, most perpetrated by largely the government. Um going into
00:16:41
houses whenever they feel like it. There was one photo that I actually was with my mom last night and I put on CNN cuz I
00:16:48
happen to be on CNN talking about Darius. >> The guy in the bathrobe. >> Uh, yes. The guy, not the bathrobe. No.
00:16:54
No. Yes, that too. But there was like 10 ICE officers in front of a small house.
00:17:00
Looked like a very lovely house. There was no criminals inside. Each of them with an AK-47 like mushed up near the
00:17:08
front of the door. And my mom was like, "What are they doing?" And I was like,
00:17:12
"Oh, there's there's one illegal possible illegal immigrant in there."
00:17:16
And she goes, "Why do they need 10 guns?" I'm like, "That's an excellent
00:17:19
question, Lucky." So, I I think, you know, I think that's you're seeing a lot
00:17:23
of visuals like that. A lot of gas being put out. And then that tiny Bo, the guy
00:17:27
who's running it there, who is uh there was the best um uh thread of all time, I
00:17:33
think, where it said um you know, he looks like they look like they drive a Subaru. And so he's just he's just a
00:17:40
cheap he looks like a ridiculous tiny little man. Anyway, okay Scott, let's go
00:17:44
on a quick break. When we come back, we'll talk about the revelation that shocker, Doge misused social security
00:17:49
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00:19:03
Support for this show comes from Vanta. Customer trust can make or break your business. And the more your business
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00:19:45
vanta.com/pivot. Scott, we're back with more news. Doge employees shared social security data
00:19:53
according to court filings. The filings show that political advocacy group contacted members of the Doge social uh
00:19:59
security team asking for an analysis of state voter roles. One of the employees signed an agreement with the group who
00:20:04
aimed to quote find evidence of voter fraud and overturn election results in certain states. No accountability. This
00:20:10
is something we talked about on Pivot saying this is probably exactly what's
00:20:13
happening. It's very dangerous this data is being shared. Who knows what else?
00:20:17
And I think at some point we will find out exactly what was uh what was was taken and misused. And speaking of Doge,
00:20:24
uh Elon has dropped $10 million in support of a proTrump Republican Kentucky Senate candidate Nate Morris
00:20:30
who is running to succeed retiring old person Mitch McConnell. Um you know, he's tried to do this. He tried to do it
00:20:36
in Wisconsin. Um so I I don't know what you think about the Doge thing. I think
00:20:40
it's just of course this is what they did and hopefully they will be prosecuted. in terms of Doge like you
00:20:45
called this. You don't give your I'm I'm much more promiscuous with my data than
00:20:49
you and you said I would never give them my data but unfortunately the social security agency you you have to give
00:20:55
them your data. I mean the government the government knows your HIV status. >> Yep.
00:20:59
>> You know the government knows how much money you have, what you do with your
00:21:03
money, who you send it to. You know they have kind of access to pretty much everything.
00:21:08
>> Unique data that they need for these LLMs. By the way, >> I don't I actually believe in the
00:21:13
government's right to collect data. What I But I think you have to match that
00:21:17
with really stringent laws that if you're going to violate that privacy, it has to be under threat of like domestic,
00:21:22
you know, of terrorism or something. >> Well, they have no accountability here.
00:21:26
>> Well, yeah, nothing's going to happen, right? So, >> I don't think so. I don't believe that.
00:21:29
I think we're going to there's going to have forensics on this later and we're
00:21:33
going to understand exy, but what they did here. And I I do know of tech people taking account of what
00:21:40
happened in cryptocurrency, what's happening here, and at some point there will be a reckoning.
00:21:45
>> But do you think people will be punished for this? >> I don't know. I I don't think Elon Musk
00:21:49
will necessarily be unless there's, you know, signs of, you know, take the take
00:21:54
the stuff and run, I suppose. I mean, but he's just barreling on. Even though
00:21:58
Tesla sales or Cyber Truck sales, what they sold 20,000 last year, they're supposed to sell 250,000.
00:22:04
Um, I can't believe they sold 20,000, but you know, he keeps rolling on. I think he'll keep rolling on as he
00:22:09
because he can collect money for Grock or he'll keep doing I just did a show
00:22:13
today on CSAM, which is uh child u essentially child pornography and he'll just keep rolling on even though it's
00:22:21
shameful what's happening. The other thing Netflix has officially updated its
00:22:25
Warner Brothers offer to an allcash deal replacing the original cash and stock structure. The latest agreement reduces
00:22:30
the amount of debt uh put on Warner's spin-off Discovery Global by $260 million. The two companies say the new
00:22:35
structure should allow Warner shareholders to vote on the deal by April. Um ALS, but at the same time,
00:22:40
Netflix narrowly beat Wall Street expectations in its latest earnings. The company posted $2.4 billion in fourth
00:22:46
quarter profit, up 29% over the year, but the growth is slowing. Revenue is projected to grow only about 13% this
00:22:52
year compared to 16% last year. It's still working well. Netflix shares hit a
00:22:57
52- week low during the trading this week, which is why they went to all stock. Uh, I think it's just a matter of
00:23:02
price with this Warner Brothers deal. It looks like Netflix has the inside edge at this moment. Um, but I'm not I don't
00:23:09
know any thoughts. >> Well, they continue. The expectations are so huge even though they revenue and
00:23:14
earnings topped estimates up 18 and 31% year-on-year, respectively. Uh, the stocks been down and they're at a third
00:23:22
of a billion paid global subscribers. Uh there are a few takeaways from the year.
00:23:27
The content spend ratio um is almost less than it's ever been, which is good
00:23:31
for shareholders. >> You you have noted that. >> Well, in 2015, Netflix spent 85 cents
00:23:36
per $1 of revenue. Right now, they're spending 38 cents, a 55% decrease, which
00:23:42
says, "All right, we're going to dominate the market. We're going to take
00:23:45
advantage of our cheap capital, overspend on content no one can keep up with us. then we're going to aggregate
00:23:50
an unprecedented number of paid subscribers and we're going to let revenue continue to grow and hold our
00:23:56
spending flat. It's a great strategy. Some people would argue it's predatory
00:23:59
pricing. Uh the advertising business um still not a big business. I've always
00:24:04
been against it. This year accounted for 3% of Netflix total revenue despite the
00:24:09
fact that advertising revenues are up two and a half fold from 2024. I think it's bad for the brand but it's probably
00:24:13
very high margin. And in terms of watch time, as a as a share of television watch time, Netflix is sitting at 9%
00:24:20
while YouTube is at 12.7. A combined Netflix Warner Brothers entity would garner or register about uh 10.4% of all
00:24:29
watch time. >> So still under YouTube. >> Yeah. It's much more p like all watch
00:24:34
time is not created equal, right? Cuz just like HBO watch time is very impactful and cultural. It just, you
00:24:41
know, watching Keeping Up with the Kardashians, no one's going to be at the Academy Awards from that anyways, but
00:24:46
they're those two, they're kind of Gangas and Kong and then the Seven Dwarves. They're so at if they're number
00:24:54
two at 10.4 would be the number three Disney Plus is at just 4.7. >> Yeah.
00:25:00
>> So, and I've said this, I like Ted Sandos a lot. I'm not a huge fan. I
00:25:05
don't know. I'm sort of neutral on the Ellison. I don't know him. I'm a huge
00:25:07
fan of Ted Sandos. I would rather see Paramount own this for any other reason than I think we just need more bulking
00:25:15
up of competitors. >> Mhm. >> That's what a lot of people think. Yeah,
00:25:18
>> they >> I just think they're terrible owners. >> Yeah. You just don't I I can understand
00:25:22
that viewpoint. You trust Ted more than you trust the Ellison's. I get that.
00:25:26
>> I just Here's what I think. You know, a lot of people are making a lot of noise
00:25:29
in Hollywood about like, oh, he's against theaters and Dave will save it. Dave is not capable of saving it. for
00:25:35
one the the theatrical experience and con to me I'm a consumer person consumers if they wanted to go to the
00:25:40
theater they'd go to the [ __ ] theater and they don't they go to the theater
00:25:43
when they want to and the theater experience is declined because of theaters not because of consumers and
00:25:49
not because of Ted Sarando so blaming him for that is just he's just doing is
00:25:53
he's just following the trends and consumers have spoken and I'm I'm a
00:25:58
consumer person in the end of the day and if they put out like the Oscar nominations just came out today yay
00:26:03
golden uh Uh but um but I just like people if they wanted to go to the theaters they go to the theaters and you
00:26:10
no no Rich Ellison person is going to save it. Uh I don't care how many you know James Camerons or Gris Nolan scream
00:26:18
about it. If if you make movies that people want to see in theaters they will. That's it. And so I'm not going to
00:26:23
put that on him. I'm just not I just it's his business to do what is best for
00:26:27
his business. And so that's just my >> Well, Carney summarized it and it's it's
00:26:31
apppropo here. Nostalgia is not a strategy, >> right? Exactly. >> And show me a director claiming how it's
00:26:36
all collective. We need to go to movies. I'm going to show you someone who gets
00:26:38
every Academy Academy Award film >> in his links sent to him and watches it
00:26:42
in his home theater. You want an interesting stat? And by I mean, and also what is a theater, what isn't? Um,
00:26:48
my 15-year-old best theater experience of recent memory, he called me. He could not have been more excited. He went and
00:26:54
watched the final of Stranger Things >> in a theater. >> Yeah. Sure. If you
00:26:59
>> It was just amazing. He was just totally blown away by it. Yeah, >> here here's a fun stat. Since the first
00:27:04
bids were due for Warner Brothers, Netflix stock is down 20%. That's an enormous uh shedding. And the
00:27:12
real is ask the motor shown only one in three acquisitions ever pay off for shareholders and Netflix
00:27:18
>> probably a good one for them from the content perspective. They would be able
00:27:22
to >> at what price though? That's that's right. At some point at some point
00:27:26
everything's a good deal and at some point everything's a bad deal, >> right? And also the thing about Netflix
00:27:32
is they have and the reason why Apple has been very disciplined and not that inquisitive. Netflix has an outstanding
00:27:38
culture. >> The I got that. Did you get that deck? Netflix I mean Ted doesn't I should tell
00:27:44
Ted this. >> Ted and Reed kind of changed my approach to business. Mhm. >> I used to think of compensation as I
00:27:49
want to pay people as little as possible, give them equity and create a nice environment and and try and
00:27:55
generate profit so ultimately I can sell it and then everyone is happy because they have equity. But I was always
00:28:00
trying to constantly I don't say underpay yeah underpay. I was always trying to find ways where I could pay
00:28:05
less than market such that I could have a cash flow positive company. Some of that was out of necessity cuz a lot of
00:28:10
these companies I bootstrapped Netflix had uh you know that document that leaked about their culture. Yeah.
00:28:17
>> And a key component of their culture is they say we want exceptionally well
00:28:20
compensated employees. But now I it's totally switched my mind around compensation. I'm
00:28:26
>> I mean granted I'm in a different position now and I can monetize other
00:28:28
things but I try to pay people between 30 and 50% more the market. And what I find is well one if you have the money
00:28:34
it's a good thing to do and stop bitching about income inequality and live up to it. And two, it red it's like
00:28:41
such a luxury because you when you o over when you pay people really well I won't say overcompensate you have no
00:28:47
churn and it just is so much it's so nice not to get a call on a Friday and I'm hexing myself and saying oh I'm I'm
00:28:54
giving my you know two weeks not oh [ __ ] anyway >> expect that call on Friday from me okay
00:29:00
>> really call no >> you're going to semaphore >> no I'm not
00:29:03
>> you're going to go media if >> you're going to know No. Um, you know,
00:29:08
it's interesting what'll happen here. I think what it'll be is how much is that
00:29:11
stub is worth that extra part and comparing them and it'll be come down to money as we've said again and again and
00:29:17
again. I do think Netflix is the superior buyer largely because I think Paramount has to buy something. That is
00:29:24
absolutely true. And if they were better owners, I might be more amendable to it.
00:29:29
But I find what they're doing over at CVS, even though it's a small little
00:29:32
thing is soiling themselves on a daily. So even those small decisions are bad. So I don't expect good decisions from
00:29:38
them. That's the last thing in media. The FCC says daytime and nighttime talk
00:29:42
shows aren't automatically exempt from the political equal time rule anymore.
00:29:46
That means if they host a candidate, they may have to offer equal airtime to opposing candidates. Talk shows have
00:29:51
previously qualified for an exemption to the rule for like ever. It's clearly
00:29:55
aimed at late night hosts like Coaron Kimmel, maybe John Stewart, although John Stewart has more different people
00:30:00
on. But is this is ridiculous. This is this is Brandon Carr that thirsty cho doing it again. I mean, it's the same
00:30:07
thing. He failed last time by threatening them and this is a threat, I suppose. Whatever.
00:30:12
>> Yeah, I actually like this law, but this is an abuse of it. I think I I think
00:30:17
it's a good law that you try and give people equal time such that one party doesn't weaponize the media. But this is
00:30:23
just an abuse of it. And I think where it'll come back to haunt them and why
00:30:26
this will go nowhere is someone's going to say, "Well, what about AM Talk Radio,
00:30:29
which is dominated by Republicans." >> Correct. That is great. Yeah. >> And what is what is TV and what is radio
00:30:35
when now radio and podcast are now TV shows just a lower means of production. So I don't think this is going to hold
00:30:42
the test of any sort of legal test that their buddies over at Newscore or Sirius
00:30:47
radio or whoever it is are going to want. Okay, you set this precedent. We're all we're all
00:30:53
>> bring over the lesbian Cara Swisser over to Newsmax. Whatever. Oh, as if I'd talk to I I would talk to
00:31:00
my pillow lady who's getting ratioed by Ilan Omar every day and I'd talk to her.
00:31:05
I would just to just do the same thing. But yeah, it's ridiculous. It's aimed at
00:31:09
Colurn and Kimmer and they'll just have Marjorie Tele on. Fine, Brandon, you
00:31:13
piece of [ __ ] Anyway, >> how do you really feel? >> Let's go on a quick break. When we come
00:31:17
back, we'll talk about the latest in Minnesota. By the way, Brandon Carr, I'm
00:31:21
going to be following you after you're out of office, just so you know. I'll be
00:31:24
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00:33:41
Scott, we're back with more news. Federal officials launched what they're
00:33:44
calling Operation Catch of the Day with ICE. Oh god, they're so awful. With ICE
00:33:49
officer targeting Somali communities, JD Vance is expected to visit Minneapolis as we tape as a show of support to
00:33:55
federal immigration enforcement operations there. Oh, ICE agents in Minnesota have detained at least four
00:34:01
kids from the same school district this month, including a 5-year-old boy in order to catch his parents. Tensions are
00:34:07
already running high following the Renee Good shooting. There was a release of her autopsy. It looks like he shot well
00:34:13
after he had to through the head. The first two shots were were not great, but they didn't kill her. The third one did,
00:34:21
so he didn't have to shoot her. Hundreds of Minnesota businesses are planning to
00:34:24
shut down Friday in protest of ICE activity in the state. I happen to be interviewing uh Minneapolis Mayor Jacob
00:34:30
Pride today, so I'll hear the latest. Where do we go from here? Well, the the
00:34:35
thing that struck me, I don't know if you saw this, but the best argument I think around the
00:34:42
second amendment or protection of the second amendment even in the face of the original, you know, the original authors
00:34:49
or the original founders, it could not have conceived of what these weapons would do right now is that every time we
00:34:56
have people know where guns are, it's been used to the Nazis when they rolled into
00:35:02
a place just went and found where the Guns were registered, took the guns away, and then Nazis showed up and had
00:35:07
there was no ability for uh civilians to push back. Okay, so we have guns everywhere. We have a mass police force
00:35:15
showing up. Where are the people with the guns? And the answer is they've started showing up in Minnesota. And
00:35:21
that is there are some neighborhoods, have you seen this, where people are outside on patrols with guns saying,
00:35:28
"Sorry, don't come to my neighborhood." I'm not endorsing this. I think it's,
00:35:32
you know, fascism can come from the far right or the far left, but this does feel like they're risking and like
00:35:38
they're begging for or prompting for pretty serious violence and an excuse to start firing on civilians. I
00:35:48
think quite frankly Minnesota leadership looks weak here. I just would have I I don't I feel sorry for them. They're
00:35:53
flatfooted. I don't know how they respond, but if if >> what do they do? They're abusing
00:35:59
citizens. What can they do? resist these. These people have enormous firepower. >> I'm not suggesting they show up with zip
00:36:05
ties and bullet vest. I just I quite frankly care. I I hate to I think Governor Walls looks really weak here.
00:36:10
>> Okay. Again, you're focused on the Democrats. I'd like you to focus on
00:36:13
>> I'm focus on actually both sides to be a critical thinker. >> But a critical thinker would say what do
00:36:17
what what is happening with the people that actually have the guns and are abusing their the government power? I'd
00:36:23
like >> I've just said the mass police reminds people the stazzy. I'm I'm I think it's
00:36:27
horrible and I think that Democratic senators should write up basically make it clear we're coming for you and the
00:36:33
statute of limitations does not expire for these types of crimes. Having said that, I don't I feel like no one is
00:36:40
really stepping into the void of of kind of of of leadership here and standing up
00:36:46
and saying, "All right, I mean, and I don't I I empathize with them. I don't
00:36:50
know I'm not sure what I would do. I don't I don't know how you handle this
00:36:53
situation. I gotta be honest. I don't think this is I I would I'd be very
00:36:58
interested to see I don't think the leadership of Minnesota and I may I sympathetic
00:37:04
>> very vocal they've been very >> well the mayor has been that's a good
00:37:08
example that I think that's a fair point >> so has the senator Tina Smith so has
00:37:12
Senator Clolobachar I I feel like you're not >> what is Senator Clolobashar said
00:37:16
>> she's been all over the talking about we're going to come back when this is
00:37:19
over we they're we want to tamp down the violence at the same time there this
00:37:25
over abuse of power. They're saying the things you want. I just the the these
00:37:30
these have these people have impunity. They just don't stop if you you know and
00:37:34
I think the question is the only way to stop them is to attack them which you can't do like you can't do. And you
00:37:41
know, I I think the citizens of Minnesota who have who have a history like hund decades of this kind of
00:37:49
resistance for ye for long long long long time are the ones showing the real bravery here.
00:37:54
>> Agreed. But who would you who would you identify as quote unquote the leader and
00:37:59
push back of resistance here? Is it the mayor of Minneapolis? Is it the Sen Senator Clolobashar? Who is it? I think
00:38:04
a lot of this the the the local officials being very vocal and I think judges are trying to pull it back. I
00:38:10
just think these people just keep going. I think they don't I think Stephen Miller just says okay when they when
00:38:16
they shoot a woman through the head their next move is yeah now you can go into their houses even if they're not
00:38:21
criminals essentially. And so I just don't know what the response is except shooting at them. And I don't and I
00:38:28
think that leads to a really and that's what that's why they've got these people
00:38:32
these the government is if you're going to behave like thugs the only response
00:38:37
is thuggishness right that actually is effective and then you're kind of like
00:38:42
let's let me do this on a local level after Fox News said that gangs of deluded moms were harassing ace agents
00:38:48
Amanda and I made a funny video but we wanted to ask someone to call in and tell us about their experiences. Let's
00:38:54
hear one. These are average citizens. Let's hear one. Hey Scott and Cara. My
00:38:58
name is Annie and I'm a mom who lives in Minneapolis. I've been helping to resist
00:39:02
ICE by driving kids to and from school every day. What we need to do is get kids to the classroom to learn. If their
00:39:07
parents are too afraid to leave the house and too afraid to go to the bus stop, then this is where we can step in
00:39:11
and help. Um, are these the actions of a leftist terrorist group? I don't think
00:39:16
so. I think it's just people deciding that this is the right thing to do. So,
00:39:20
if that makes me part of the diluted wine mom's club, then I will proudly wear it like a badge of honor. Thanks.
00:39:27
>> One more. >> Hi, Scott and Cara. And by which I really mean Cara and Amanda, diluted
00:39:32
wine mom. I am the mother of a seven-year-old about 25 minutes south of St. Paul. And I got myself tailed by ice
00:39:40
on Thursday last week. Um, the crime I committed essentially was taking a photo of the license plate of the Florida
00:39:49
plates on only the back of his vehicle and giving him a dirty look, which he very well deserved. Um, about 15 minutes
00:39:55
later, he took my picture, I took his picture, and then 15 minutes later, after picking up my child at school, I
00:40:03
found a very large black SUV following me very close range for five minutes felt like about an hour. So, fun times
00:40:11
here. >> These are Scott, I mean, people are trying to do things and it reminds me a
00:40:16
little bit. >> Terry, I don't put words in my mouth. You're making it sound like I don't I
00:40:18
don't stand behind the public. >> Okay, go ahead. Go ahead. I I think what
00:40:24
the young the young woman who said that she is shuttling kids to school. I think
00:40:28
the efforts to provide food to people who might be harassed by ICE so they don't have to leave their house. I I I
00:40:35
you know I salute the people of Minneapolis doing whatever they can. Um I'm disappointed that there doesn't
00:40:41
appear to be a Democratic leader standing up in Minnesota or anywhere else showing anything resembling I mean
00:40:48
like we need a leader. We we need somebody who is and I I get that this is a very difficult situation
00:40:56
but I I I feel as if okay we need somebody to and again I've said this before why do they know why are they
00:41:05
violating everyone else's privacy and someone hasn't come out and said okay
00:41:10
we're smart people we know how to use the internet and here are the people that we believe have committed or are
00:41:15
accompllices to murder and seconddegree murder and the Renee good case and these
00:41:19
are these this is the criminal prosecution papers we're planning to file which will be outside of the
00:41:24
statute of limitations and so on has said this I think what you're talking about is someone like
00:41:30
Chuck Schumer and Hakeem Jeff and I agree with you 100% Nuome has certainly talked about it a
00:41:36
lot Josh Shapiro has talked about it a lot um anyone you haven't heard a lot
00:41:41
from some of the other presidential candidates but you've you know I thought
00:41:44
that Pritsker stood up quite a bit when they >> I think every presidential candidate I
00:41:47
mean I mean that's kind of I think every presidential candidate should be in
00:41:50
Minneapolis right now. >> I agree. >> And peaceful protests, not threatening
00:41:55
anyone physically, but you know, just there. And and I I don't This is what's going on here is contrary to the
00:42:05
very reason America was founded. The reason we started this experiment was we didn't want to be abused by a monarch
00:42:13
who had no checks and no no balances and no control that could just abuse citizens. based on what they felt was
00:42:20
advantageous for them or their blood sugar level. And that's what's going on
00:42:24
here. But I'm I'm disappointed in the Democratic party that I it strikes me.
00:42:30
It's like it feels like there needs to be a leader here. And it's not obvious
00:42:34
to me who that is. >> I was listening to Rachel Madd's uh Burn Order, which is about Japanese
00:42:38
internment camps, and two two groups of people stand out to me. One are Quakers who threw blankets and everything up
00:42:45
over these uh internment camps even as the army was lying about what they were which was you know which was astonishing
00:42:52
that they did this which I mean blankets does it end it? No. But it helps just like these this symbolic women driving
00:42:59
these kids right that is critically important for citizens to get out there even and there's a lot of videos of just
00:43:05
average citizens who are like have never come out and is like I'm sick of this
00:43:08
[ __ ] I love that. But one of the people that it reminds me of is this guy, Governor, Colorado Governor Ralph Carr.
00:43:15
He opposed the intern and Japanese Americans. He called it unconstitutional. He welcomed him to
00:43:21
Colorado. He cost him politically. He lost because of all this anti-Japanese sentiment. He thought denying rights
00:43:27
based on ancestry was undermining the American system and and and he welcomed them. And he he was it was unpopular and
00:43:36
he he the downfall of political career. Now, there's lots of things named after
00:43:40
him in Colorado, but he took it was a price. It was an absolute price for this guy and the backlash was significant at
00:43:47
the time, but if you think about those kind of things, you you do need a political figure like this even if at
00:43:53
great cost. And you're absolutely right and they do have to put their bodies on
00:43:57
the line and their political reputations. But to me, this is going to be citizens going to push back here
00:44:02
because that's how the Minnesota way. And one thing I really appreciate these
00:44:06
moms um calling in. This is the kind of stuff you need to do. None of them. They're just exercising their rights as
00:44:13
citizens of the United States and they do not seem particularly dangerous to me. Um so I think that's a good thing.
00:44:19
I'm sorry I wasn't meaning to put words in your mouth. I just think the focus
00:44:23
unfortunately it's going to be on citizens. >> No. And you're right. It's clear I
00:44:27
haven't I haven't registered nor paid attention to some of you know for example Senator Clolobashar and what
00:44:34
they have said and I do empathize with like you know the point is okay what exactly do you do with people with
00:44:41
federal government who have mandated weaponry. Um, the whole thing is again I I I'm I'm waiting for the
00:44:53
Democrat to say this is who we're who we're we are going after these folks. I think you are
00:45:00
breaking laws and if you break more laws, we're coming for you. >> We're keep We're keeping names. We're
00:45:04
taking >> We're taking names. >> We're taking names. Yeah, I agree with
00:45:07
you. >> It may take us 36 months before we can do anything, >> but 36 months goes fast.
00:45:12
>> Yeah, absolutely. I think it's um you know I I think it's sad for the people
00:45:17
having to do it but that's but but they're also doing it without stopping
00:45:21
and I get they need money but there's other ways to people hate them. People
00:45:26
hate them and that's not no way to live. One more quick break. We'll be back for
00:45:29
predictions and Cara's wins and fails. >> Nice. Support for the show comes from Mint
00:45:34
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00:46:35
>> Okay, Scott, let's hear your prediction and then I will say my wins and fails.
00:46:39
So, if there is an upside, and I I don't it it would be impossible to call this an
00:46:44
upside, but I do think that there may be some element of distraction around this
00:46:52
Greenland [ __ ] I won't even give that credit. Bottom line is my prediction is
00:46:57
that I think we're about to see the US um conduct a military strike on Iran. I
00:47:04
think you look the USS Abraham Lincoln carrier strike force. By the way, this is none of this is confidential
00:47:11
information. It's all been reported. The fueling tankers that basically give you
00:47:15
like a gas station in the sky. Many of them were relocated to bases in the region. And some of that just might be
00:47:21
okay. The region is a bit hot right now. So, we want additional kinetic power there. But I think one I think it's the
00:47:29
right thing to do. I think we have an unbelievable opportunity here to topple a regime who's been the primary funer of
00:47:34
terror terror and the most oppressive regime maybe globally in a long time and is
00:47:40
really deeply weakened. I interviewed Neil Ferguson yesterday, the historian for the Profod and he I asked him what
00:47:48
is the likelihood the regime survives if we don't intervene in a coordinated
00:47:52
strike and he put it at 90%. >> Yeah. >> He said they'll just tamp down the
00:47:57
protesters. They t >> Well, yeah. when you start killing people. Right. >> Exactly.
00:48:01
>> You can do the right thing for the wrong reasons. I think Trump is going to do
00:48:05
this cuz I think he absolutely loved the macho Tarzan light that Venezuela provided him.
00:48:11
>> He Yeah, was he was jonesing for something like that and it gets away from the Epstein files again. 34 days.
00:48:16
Turn them over, Pam. Pam, it's a law. Turn him over. Yeah, I agree with you. I
00:48:21
think that's exactly right. I am going to do wins and fails. I uh the Oscars
00:48:24
weren't released yet. I'm going to do something lighter because this has been
00:48:26
a heavy situation despite the fact that I I really enjoy your Davos stories. Um uh I I'm really the Oscars came out a
00:48:34
lot of great movies this year 100%. But I was actually very heartened to see someone like Kate Hudson get a get an
00:48:39
Oscar nomination. I think >> what's she been nominated for >> for uh song sungl
00:48:47
Jesse Buckley from Hamnet. There's a bunch of others who are probably more actor. Uh, but I think she's a
00:48:53
hardworking, you know, she's the daughter obviously of Goldie Han, but she's done some amazing work and, uh,
00:48:58
including comedy, more serious stuff, almost Famous. >> Absolutely. Almost famous or absolute
00:49:03
famous. What was that? >> Almost famous with Cameron Crow movie. She was wonderful in that movie. But I
00:49:08
think she's a hardworking and she's in a a Netflix series I like a lot um about
00:49:12
the LA Lakers essentially. And she's she I took, as I said, I took my wife Amanda
00:49:17
who was like gay nuda. I really I've interviewed her once many years ago and
00:49:22
I really like her and um just a lovely smart thoughtful person and uh she uh Amanda was like Kate Hudson and then she
00:49:31
came out she goes that was an astonishing acting. I was not expecting how layered and good that was and so uh
00:49:37
so anyway so she was I just feel good for her good for her to get in there. I don't I doubt she'll win but uh I think
00:49:44
it's a nice job you should see the movie. It's it's if you feel bad go see
00:49:47
that movie. It's it's sort of like Heated Rival. feel bad, watch it. Um,
00:49:51
and then I'm just going to two wins. Uh, again with the heated rivalry, one of
00:49:54
the funniest things happening on the internet, this is not a new thing, are people acting out scenes from heated
00:50:00
rivalry in public and putting them online and they are so funny. They are so they made me laugh my ass off. There
00:50:07
was one where the two guys were doing it in the DMV in front of this woman and she was just watching the whole thing
00:50:12
and it just get the feeling. One of the things that was really interesting is Esther Pel talked about the reason
00:50:18
people like Hito Ravu which is sort of the the media of the moment really um and it's because she was saying that it
00:50:24
makes you feel better about the outcome that you're expecting the hit and you
00:50:28
don't get the hit, you get the right response from people and it retrains you
00:50:32
to think everybody's not evil essentially. Like I I know as a gay person watching it like I was waiting
00:50:38
for someone to get beaten up. I was waiting for some rejection or some ugliness and it all the answers are
00:50:44
good. And so I I'm going to go watch it a second time because I was just sitting
00:50:48
there waiting for the bad news as a gay person because it always comes in those depictions and in life. Um so it was uh
00:50:56
not any not as much anymore but in definitely in my younger life. So uh I I just thought that was great. That was
00:51:04
great too. I'm going to do two wins. I don't have >> I know. I I don't even see movies
00:51:07
anymore. I already know who's going to win the Oscar. Who? >> Well, you just tell me which film has
00:51:11
the following. Um, it's a quoteunquote brave film, which means which is Latin
00:51:16
for it has sad people, foreign accents, subtitles, or it's a it's a biopic where
00:51:23
someone discovers racism in the third act. Which movie is that? >> Is it Hamnit? No. One battle after I'm
00:51:29
asking you. I really don't know. >> Oh, no. I They're all very good movies.
00:51:32
They're all They are These are not These movies that are being nominated are
00:51:36
terrific, actually. >> Yeah. All these actors claim they hate sequels unless it's the same movie about
00:51:40
Hollywood loving itself which they remake every sinners would win but I don't think
00:51:44
>> is that a good film. You like that? >> Yes. Yes. I love that movie. I thought
00:51:47
it was great and I wish I you know actually when I was looking at the nominations I was like and I don't think
00:51:53
that show matters anymore or those the Oscars necessarily matter but they're
00:51:57
they're all good. I was like oh I'd have a hard time picking here and every one
00:52:01
of the actresses is terrific. Every one of the actors terrific supporting. The only thing that has to win um is Golden
00:52:08
from K-pop Demon Hunters. Thank you. That was the only thing I would have to say. Song of the year. And again, a
00:52:13
happy song. I'm going to leave on a happy note. That's what I'm doing.
00:52:15
>> I'm not going to talk about other things like that. Anyway, uh we want to hear
00:52:20
from you. Uh send us your questions about business, tech, or whatever's on your mind. Go to nymag.com/pivot to
00:52:25
submit a question for the show or call 85551 pivot. Before we go, Scott, you also got a shout out from Michelle Obama
00:52:31
on Call Her Daddy podcast. It's such a combination, Caller Daddy and Michelle
00:52:36
Obama. As someone who's done important work on how social media is affecting
00:52:40
children, people should go check that episode out. Congratulations. It was very lovely to hear that. I have a lot
00:52:46
of people writing me about you. Uh, meanwhile, Cara Swisser is getting some accolades of her own. Let's play a
00:52:52
voicemail I got this week on my phone. >> If this is Karen Cara Swisser's number,
00:52:59
I just wanted to relay that she's a [ __ ] piece of [ __ ] Oh, thank you for that.
00:53:05
>> That's it. >> It's for Please come back and tell me what it's for. I really appreciate that.
00:53:12
Oh my god. It's not a number I don't want to use, actually. >> What did you do to air?
00:53:17
>> I don't know. I don't know. You have Michelle Obama petting you all over the
00:53:21
place saying you're wonderful. I get this. I'm a [ __ ] piece of [ __ ] >> I don't.
00:53:26
>> Anyway, >> so just uh >> Yeah, >> that that pisses me off cuz guess what?
00:53:31
You know who doesn't get voicemails like that? >> What? >> Men. >> Yeah, they don't. Oh, I get them all the
00:53:36
time. >> Yeah, they don't. >> From men, actually. Usually from men.
00:53:40
But actually, this is a woman, obviously. >> I don't know. Misogyny is sort of a
00:53:44
universal practice. It's not limited. I I It's probably unfair to call her
00:53:47
misogynist. Maybe she feels wrong by you or whatever. But I'm not exaggerating. I
00:53:50
get a lot of [ __ ] posting online. No one ever like calls me anything. >> Oh, I get it all the time.
00:53:56
>> Yeah. And there's just a different level of um Anyways, I don't know.
00:54:02
>> I did seriously think it was my mother at first. >> That's lucky on Mother's Day.
00:54:07
>> By the way, our producers are so they can call and leave you a message if
00:54:12
you're feeling left out. >> Yeah. No, I have to I I like to pay people to leave those kinds of messages
00:54:18
for me. >> Yeah. >> I know. Well, I just wanted to play it because, you know, lady, if you're going
00:54:22
to leave me a [ __ ] [ __ ] message, I'm playing it and using it as content and also say why, but [ __ ] you. Like,
00:54:28
anyway, uh I don't really care. Anyway, that's the show. Thanks for listening to
00:54:32
Pivot and be sure to like and subscribe to our YouTube channel. We'll be back
00:54:37
next week. >> Make sure to follow Pivot on your favorite podcast platform. Thanks for
00:54:41
listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at
00:54:44
ninemmag.com/pod. We'll be back next week for another breakdown of all things tech and
00:54:49
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