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WATCH XI

All podcast episode summaries matching WATCH XI β€” aggregated across every podcast we track.

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The generational liquidity trap is a looming systemic crisis - As the massive Boomer cohort attempts to liquidate retirement assets, a smaller, less wealthy younger generation may be unable to provide the necessary buying power to sustain high valuations.

β€œTraditional assets like housing and equities represent exit liquidity risks for investors.”

β€” Jeff Park

DOJ investigation targets Southern Poverty Law Center

β€œCash Patel yesterday, and what's his name? Todd Blanch were talking about this thing called SPLC, Southern Poverty Law Center, and what the FBI found out. And then, you know, Cash was pushed on a couple of things, having to do with the story that came out, drinking and all this stuff, and Cash pushed back.”

β€” Patrick Bet-David

China is more influential today than at any point in modern history

β€œChina is more influential today than at any point in modern history. Its economy drives global growth, its technology shapes industries everywhere, and under Xi Jinping, an increasingly confident China is challenging the established world order.”

β€” Sarah Wu and Jeremy Page

Supply-side construction lowered rental prices in Austin

β€œAustin has, like, roughly doubled as a city over the past decade, and yet the rent for, you know, whatever, a one or two bedroom apartment's gone down. In other words, if you let people build to satisfy the demand, you won't have this problem.”

β€” David Sacks

John Ternus succeeds Tim Cook as Apple’s new CEO

β€œOn Tim Cook's retirement, he had an incredible run as CEO of Apple. He ran it very effectively for 15 years. The market cap of the company went up by over 10x. The revenue grew from roughly 100 billion a year to over 400 billion a year. He also improved the quality of revenue by moving the mix into services. People say that, well, they never did any innovation under Tim Cook. But I've seen people tweet lists of products that were released under him. And there were a lot of them. Now, it's true, nothing as big as the iPhone. But they did release a lot of products under Tim Cook. And then just finally, I mean, you look back over the last 15 years and there really weren't any public snafus or scandals or imbroglios with Apple.”

β€” David Sacks

SaaS debt bubbles are bursting for private equity firms

β€œThe underlying problem is that these businesses in the SaaS space where you're driven by net new sales every year, how many new customers are you signing up and then you're trying to manage retention and you're trying to increase sell-through and retain customers, they're just having a really hard time sourcing new customers and there's probably higher than model attrition. When you have a very kind of typically historically predictable business, where you can say, hey, I've got a net revenue retention of 118% or what have you, meaning I'm selling into my install base by 18% over what I'm making last year and then I'm signing up new customers, you can lever that business, right? You can borrow money against those cash flows because it becomes predictable. And what's happened in the last year in particular is agents have become so good and so fast and so cheap that many enterprises can simply spin up an alternative to a vertical SaaS solution.”

β€” David Friedberg

Office culture mimics high school bullying

β€œWorking in an office with women is like, work is like going to high school. There's the same people that were bitchy and bullies in high school are bitches and bullies in the corporate office too. That's just the way. I had never worked in an office setting like this until the last year, really, and it was a bit of a shock to me.”

β€” Cara

A nearly-blind father is dragging his family through jungle for freedom

β€œI then realized that the husband was visually impaired. He wasn't totally blind, but he could only see blurry shapes. They invited me into their room on the hotel's top floor, and they introduced me to their two kids, Angela, who's 12, and Tom, who's 10. But sitting there with the family, beneath a buzzing light, I couldn't imagine how they were going to get across the DariΓ©n Gap. They had a smuggler arranged, but Agan couldn't even see clearly, and the kids were so small.”

β€” Alice Su

Founder-led companies navigate AI disruption better than managers

β€œLook at Benioff, he's the founder of the company. He's run this thing since its founding decades ago. He is willing to bet it all, he's willing to make the change. It may be that the index you buy in this era of AI transformation is the index of founders, that the founders who are still running their businesses are going to be the ones who are most likely to see the future. They'll burn the boats. And all of the guys who have hired managers to run the business are going to do the things that Chamath is talking about, which is try and charge fees and try and maintain the old way of doing things as opposed to reinvent for the new future.”

β€” David Friedberg

Chinese migrants crossing the DariΓ©n Gap surged tenfold in one year

β€œBut in the last few years, more and more Chinese people have been taking this route to reach the US too. Last year, there were more than 37,000. That's nearly 10 times more than the year before, and 50 times more than the year before that. And that surprised me. Because China is a superpower.”

β€” Alice Su

Gabby Petito contacted her ex for help

β€œGabby starts talking to Jackson, wanting to leave, telling Jackson that she wanted to leave Brian. And he got a sense that she was unsure of how to do this, you know, how to do the uncoupling of the two with this whole van. They pot this van together and everything. And he let Gabby know that he was there for her.”

β€” Cara

John Ternus succeeds Tim Cook as Apple’s new CEO

β€œOn Tim Cook's retirement, he had an incredible run as CEO of Apple. He ran it very effectively for 15 years. The market cap of the company went up by over 10x. The revenue grew from roughly 100 billion a year to over 400 billion a year. He also improved the quality of revenue by moving the mix into services. People say that, well, they never did any innovation under Tim Cook. But I've seen people tweet lists of products that were released under him. And there were a lot of them. Now, it's true, nothing as big as the iPhone. But they did release a lot of products under Tim Cook. And then just finally, I mean, you look back over the last 15 years and there really weren't any public snafus or scandals or imbroglios with Apple.”

β€” David Sacks

Herbicide Picloram linked to rising early-onset colon cancer

β€œThey then took that piclorum exposure, and then they looked at all the counties across the United States. They were able to gather data where there's enough data in California, Connecticut, Georgia, Iowa, New Mexico, Utah, Washington, and they were able to look at piclorum use estimates from the Pesticide National Synthesis Project and try and deduce in places where piclorum was highly used and not highly used, and once again, it elucidated signal, which is that when piclorum was used in the environment in the counties more frequently, there was a much higher frequency of colon cancer in those counties. The odds ratio is like 3X. It's very strong.”

β€” David Friedberg

Waymo reports 90% fewer serious injury crashes

β€œWeimos says, and I think this is correct, that it's roughly eighty brass safer in terms of crashes are severe enough to turn down an airbag. Crashes severe enough to cause an injury, and also crashes involving vulnerable road users like pedestrians or bicyclists. So far it's been better than human drivers, and so far, I think the case for allowing them they continue. The experiment is very strong.”

β€” Timothy Beeley

Ending the van life relationship was difficult

β€œGabby continued to contact Jackson as they worked their way up to Wyoming. And he received a call from Gabby but was at work and could not answer. And Gabby would later go missing that day. He didn't realize it, but that was that day that they went, and it was the last time she was heard from.”

β€” Cara

Trump supports AI data center power generation autonomy

β€œPresident Trump just wants the country to win and be successful. And he doesn't have these like doomer neuroses about it. That's not to say we don't support any regulation at all, but we should have specific solutions for specific problems as opposed to being cowering in fear over this and just trying to halt all progress. And I think a really good example of that was his idea around data centers where he said over a year ago, before data centers even became a hot political topic, that we should let our AI companies stand up their own power generation behind the meter. And that's a much better approach than the Bernie Sanders approach of just shutting everything down.”

β€” David Sacks

Gabby's YouTube views spiked after death

β€œAt the time of her death, it had less than 500 views. But currently, like now, as of the publishing of the documentary, it had over seven million views. I didn't go watch it, I got to go watch it. It might have double that now after the documentary and all the attention on the case.”

β€” Cara

Pied-Γ -terre owners are highly profitable for cities

β€œThe thing is they're already paying taxes on the property, and because they're not there very often, they're not using city services. So they're paying taxes on the property, they're not using city services, and they are essentially profitable to the city. The second place thing goes away and that money goes elsewhere.”

β€” Travis Kalanick

London's tax changes caused massive capital flight

β€œThey essentially crippled what's called non dom status, which is the big tax arb if you moving or parking assets in London. And what did all the rich people do? They just redirected themselves to Zurich, to Lugano, to Milan, and they took advantage of more hospitable tax policy in other places.”

β€” Chamath Palihapitiya

Brian Laundrie flew to Florida alone

β€œHe flew to Florida to empty a storage unit or, he flew somewhere because he had to empty a storage unit out. So she was alone. I knew she was alone because she was staying in a hotel room, working on a YouTube channel. I don't recall a storage unit being spoken about, but Stu said that is what happened.”

β€” Stu/Cara

John Ternus succeeds Tim Cook as Apple’s new CEO

β€œOn Tim Cook's retirement, he had an incredible run as CEO of Apple. He ran it very effectively for 15 years. The market cap of the company went up by over 10x. The revenue grew from roughly 100 billion a year to over 400 billion a year. He also improved the quality of revenue by moving the mix into services. People say that, well, they never did any innovation under Tim Cook. But I've seen people tweet lists of products that were released under him. And there were a lot of them. Now, it's true, nothing as big as the iPhone. But they did release a lot of products under Tim Cook. And then just finally, I mean, you look back over the last 15 years and there really weren't any public snafus or scandals or imbroglios with Apple.”

β€” David Sacks

Founder-led companies navigate AI disruption better than managers

β€œLook at Benioff, he's the founder of the company. He's run this thing since its founding decades ago. He is willing to bet it all, he's willing to make the change. It may be that the index you buy in this era of AI transformation is the index of founders, that the founders who are still running their businesses are going to be the ones who are most likely to see the future. They'll burn the boats. And all of the guys who have hired managers to run the business are going to do the things that Chamath is talking about, which is try and charge fees and try and maintain the old way of doing things as opposed to reinvent for the new future.”

β€” David Friedberg

Founder-led companies navigate AI disruption better than managers

β€œLook at Benioff, he's the founder of the company. He's run this thing since its founding decades ago. He is willing to bet it all, he's willing to make the change. It may be that the index you buy in this era of AI transformation is the index of founders, that the founders who are still running their businesses are going to be the ones who are most likely to see the future. They'll burn the boats. And all of the guys who have hired managers to run the business are going to do the things that Chamath is talking about, which is try and charge fees and try and maintain the old way of doing things as opposed to reinvent for the new future.”

β€” David Friedberg

NYC pied-Γ -terre tax will crash housing demand

β€œI just think that it's gonna kill the demand for second homes. If you were a person who is thinking about buying a Piazza in New York, there's no way you would do it now. Because you don't know what the tax rate's gonna be, and it's gonna keep going up, and that has to be a bad thing for the city.”

β€” David Sacks

Self-driving is a software problem, not a hardware problem

β€œI saw that all the teams treated this like a hardware problem. They looked at this and say, we have to build a bigger wheels and bigger chassis and so on. And I looked at this and said, about wait a minute. The challenge really is to build a self driving car. They can drive for the desert. I can get a rental car. They can do it just fine, provided as a person insight and the challenges we need to take the person out of the driver's seat and replace it by computer. That is not a problem with bigger tires. That's actually be a software problem.”

β€” Sebastian Thrun

Trump supports AI data center power generation autonomy

β€œPresident Trump just wants the country to win and be successful. And he doesn't have these like doomer neuroses about it. That's not to say we don't support any regulation at all, but we should have specific solutions for specific problems as opposed to being cowering in fear over this and just trying to halt all progress. And I think a really good example of that was his idea around data centers where he said over a year ago, before data centers even became a hot political topic, that we should let our AI companies stand up their own power generation behind the meter. And that's a much better approach than the Bernie Sanders approach of just shutting everything down.”

β€” David Sacks

SpaceX acquires AI coding startup Cursor for $60 billion

β€œThe acquisition was essentially negotiated, and the way that it's structured is so that the S1 doesn't go stale. So I think the way that it was announced has more to do with the fact that they don't want to slow down and have to rewrite parts of the S1, have to redo the disclosures, have to redo the risks. So I think what you're going to see is that this will get done. In fact, the deal is effectively done. But what's so smart is that where is SpaceX today? Let's call it a trillion. Where could it be? Just for the purpose of this argument, let's say two trillion. So when the deal gets done on a stock for stock basis, it's going to be, again, if it's $60 billion in tomorrow dollars, effectively Elon's gotten a 50% discount.”

β€” Chamath Palihapitiya

Trump fires all San Francisco Presidio Trust members

β€œThe San Francisco Chronicle first reported that all six trustees were terminated last week. Lisa Petrie is a spokesperson for the trust. She says the park will continue to operate normally. Trump signed an executive order last year cutting any federal funding to the trust, but Petrie says it has been self sufficient since 2013.”

β€” Bijan Siavoshi

DARPA contests catalyzed the modern autonomous vehicle industry

β€œTony Tether, who had been a door to door salesman in his use definitely has that flare in that way of thinking, says, let's have a contest. Let's see who can put all of these ingredients that we've developed together into a proper self driving car. His original idea is we'll drive him down the Las Vegas Strip that's almost immediately next because it's insane.”

β€” Alex Davies

Bitcoin is the ultimate escape hatch from structural breakdown - By providing a scarce, decentralized alternative to the debt-based fiat system, Bitcoin offers protection against the inevitable debasement required to bridge the generational wealth gap.

β€œTraditional assets like housing and equities represent exit liquidity risks for investors.”

β€” Jeff Park

London's tax changes caused massive capital flight

β€œThey essentially crippled what's called non dom status, which is the big tax arb if you moving or parking assets in London. And what did all the rich people do? They just redirected themselves to Zurich, to Lugano, to Milan, and they took advantage of more hospitable tax policy in other places.”

β€” Chamath Palihapitiya

SaaS debt bubbles are bursting for private equity firms

β€œThe underlying problem is that these businesses in the SaaS space where you're driven by net new sales every year, how many new customers are you signing up and then you're trying to manage retention and you're trying to increase sell-through and retain customers, they're just having a really hard time sourcing new customers and there's probably higher than model attrition. When you have a very kind of typically historically predictable business, where you can say, hey, I've got a net revenue retention of 118% or what have you, meaning I'm selling into my install base by 18% over what I'm making last year and then I'm signing up new customers, you can lever that business, right? You can borrow money against those cash flows because it becomes predictable. And what's happened in the last year in particular is agents have become so good and so fast and so cheap that many enterprises can simply spin up an alternative to a vertical SaaS solution.”

β€” David Friedberg

Targeting billionaire residences creates dangerous security threats

β€œIt's a dog whistle to say that's the next UnitedHealthcare CEO. And in the week that a fire a a Molotov cocktail and a bullet gets shot into Sam Altman's house, it's deadly serious. Just before you point at people's homes and say this is the villain, be careful because nobody deserves to have their house fire bombed or shot at, period.”

β€” Jason Calacanis

Wuhan man sold his house after grandmother died of COVID

β€œOne of them was named Sam Lu. He was from Wuhan. He told me he'd been one of the first people to get COVID all the way back in 2019, and he'd gotten so sick, he thought he might die. Sam recovered, but his grandmother caught COVID from him, and she died. Sam was devastated. He wrote about what had happened to his grandmother online. Then the police called him in and rebuked him for what he'd said. Sam had been set on leaving China ever since.”

β€” Alice Su

Pied-Γ -terre owners are highly profitable for cities

β€œThe thing is they're already paying taxes on the property, and because they're not there very often, they're not using city services. So they're paying taxes on the property, they're not using city services, and they are essentially profitable to the city. The second place thing goes away and that money goes elsewhere.”

β€” Travis Kalanick

NYC pied-Γ -terre tax will crash housing demand

β€œI just think that it's gonna kill the demand for second homes. If you were a person who is thinking about buying a Piazza in New York, there's no way you would do it now. Because you don't know what the tax rate's gonna be, and it's gonna keep going up, and that has to be a bad thing for the city.”

β€” David Sacks

Supply-side construction lowered rental prices in Austin

β€œAustin has, like, roughly doubled as a city over the past decade, and yet the rent for, you know, whatever, a one or two bedroom apartment's gone down. In other words, if you let people build to satisfy the demand, you won't have this problem.”

β€” David Sacks

Tim Cook exits Apple after record-breaking tenure

β€œWhen he passed away, Apple was worth 100 billion. Now it's worth a few trillion. And now they have a new CEO. So there's a lot of ruckus. Some people are excited. Some people are not. Personally, I like Tim Cook. I know a lot of people have some criticism of him, but we'll talk about Tim Cook as the new CEO.”

β€” Patrick Bet-David

SpaceX acquires AI coding startup Cursor for $60 billion

β€œThe acquisition was essentially negotiated, and the way that it's structured is so that the S1 doesn't go stale. So I think the way that it was announced has more to do with the fact that they don't want to slow down and have to rewrite parts of the S1, have to redo the disclosures, have to redo the risks. So I think what you're going to see is that this will get done. In fact, the deal is effectively done. But what's so smart is that where is SpaceX today? Let's call it a trillion. Where could it be? Just for the purpose of this argument, let's say two trillion. So when the deal gets done on a stock for stock basis, it's going to be, again, if it's $60 billion in tomorrow dollars, effectively Elon's gotten a 50% discount.”

β€” Chamath Palihapitiya

Autonomous technology threatens nearly five million American jobs

β€œFour point eight million Americans drive for a living. It's one of the most common jobs we have, and these workers do not plan to surrender to the California tech companies. They're doing this because they stand to make an unfathomable amount of money if they eliminate driving jobs for working class of people. These drivers are represented by unions backed by politicians and in cities across America blue cities. They're organizing. So far they're winning.”

β€” Host

Trump supports AI data center power generation autonomy

β€œPresident Trump just wants the country to win and be successful. And he doesn't have these like doomer neuroses about it. That's not to say we don't support any regulation at all, but we should have specific solutions for specific problems as opposed to being cowering in fear over this and just trying to halt all progress. And I think a really good example of that was his idea around data centers where he said over a year ago, before data centers even became a hot political topic, that we should let our AI companies stand up their own power generation behind the meter. And that's a much better approach than the Bernie Sanders approach of just shutting everything down.”

β€” David Sacks

Southern Poverty Law Center faces wire fraud indictments

β€œThe SPLC allegedly did fund $270,000 to help plan Charlottesville. In addition to that, they secretly funneled more than $3 million to a bunch of violent racist extremist groups, including the Ku Klux Klan, the American Nazi Party, Aryan Nation, United Clans of America, and it goes on from there. So I think, don't forget about the $3 million bucks. So this group that was supposed to be fighting racism, in fact, was fomenting racism by paying these groups to basically organize protests that SPLC could then point to and say that America has a huge racism problem. And that's basically what happened after Charlottesville. They increased the amount of money that they were able to fundraise by $81 million.”

β€” David Sacks

Herbicide Picloram linked to rising early-onset colon cancer

β€œThey then took that piclorum exposure, and then they looked at all the counties across the United States. They were able to gather data where there's enough data in California, Connecticut, Georgia, Iowa, New Mexico, Utah, Washington, and they were able to look at piclorum use estimates from the Pesticide National Synthesis Project and try and deduce in places where piclorum was highly used and not highly used, and once again, it elucidated signal, which is that when piclorum was used in the environment in the counties more frequently, there was a much higher frequency of colon cancer in those counties. The odds ratio is like 3X. It's very strong.”

β€” David Friedberg

Google’s Larry 1K project validated real-world autonomous potential

β€œSebastian, I think you should build a self diving car that can drive anywhere in the world. And my immediate reaction was, no, taking the technology we build for this empty desert and put it in the middle of Market Street in San Francisco is going to kill somebody. And Larry would come back the next day with the same idea, and I would give them the same answer, and both of us got increasingly more frustrated. God damn it, it can't be done, and eventually came and said, look, Sebastian, OK, care, I get it. You can't do it. I want to explain to Erk Schmidt the CEO at the time and Sergey Britt my cofounder, why it can't be done?”

β€” Sebastian Thrun

Some migrants admit they plan to lie for asylum

β€œAnd when I asked him how he planned to stay and work in America, he told me outright that he was going to lie and exploit the asylum system. He said, political asylum in America is just a deceptive game. Americans get to feel good about their morals while actually using the system to import cheap labor for the dirty, tiring jobs that Americans don't want to do.”

β€” Alice Su

Chinese migrants are called VIPs and targeted for robbery

β€œAnd this was a dilemma for many of the Chinese migrants. They could afford to pay double or sometimes even quadruple the smuggling costs that the other migrants paid. Locals joked that they were VIP migrants, but that also made them vulnerable to robbery. And they seemed to just know so little about the countries they were about to go through. At one point, Huang forgot the name of which country she was in, and I had to remind her, this is Columbia.”

β€” Alice Su

US Navy begins blockade of Strait of Hormuz

β€œThe US Navy has a substantial presence in the region, and president Trump says it won't take long for The US to, quote, clean out the strait. Still, the blockade comes with risks. Iran is believed to have placed mines in the waterway. Also, Iran says that if any of its ports are attacked, it will respond by attacking ports belonging to Arab Gulf countries.”

β€” Greg Myrie

Amazon CEO pushes Gen Z for better work ethic

β€œAndy Jassy, there's a clip that came out telling Gen Z that if you want to be successful, you have to pay your dues first. How dare he say something like that? Isn't that offensive? Don't you find that a little bit offensive, David? Shouldn't they get it? Shouldn't they be entitled to just a $200,000 salary day one?”

β€” Patrick Bet-David

Ex-political prisoner Wang Jun fled China to breathe again

β€œWang Jun is 34 years old. He is originally from Hunan, but he migrated to Shenzhen in the early 2010s. He joined a pro-democracy group there and was arrested and convicted of subverting state power as a result. He spent more than three years in prison. As soon as I left and walked across China's border, I felt this rush of relief. I could breathe again. I had tears in my eyes.”

β€” Alice Su / Wang Jun

Herbicide Picloram linked to rising early-onset colon cancer

β€œThey then took that piclorum exposure, and then they looked at all the counties across the United States. They were able to gather data where there's enough data in California, Connecticut, Georgia, Iowa, New Mexico, Utah, Washington, and they were able to look at piclorum use estimates from the Pesticide National Synthesis Project and try and deduce in places where piclorum was highly used and not highly used, and once again, it elucidated signal, which is that when piclorum was used in the environment in the counties more frequently, there was a much higher frequency of colon cancer in those counties. The odds ratio is like 3X. It's very strong.”

β€” David Friedberg

SaaS debt bubbles are bursting for private equity firms

β€œThe underlying problem is that these businesses in the SaaS space where you're driven by net new sales every year, how many new customers are you signing up and then you're trying to manage retention and you're trying to increase sell-through and retain customers, they're just having a really hard time sourcing new customers and there's probably higher than model attrition. When you have a very kind of typically historically predictable business, where you can say, hey, I've got a net revenue retention of 118% or what have you, meaning I'm selling into my install base by 18% over what I'm making last year and then I'm signing up new customers, you can lever that business, right? You can borrow money against those cash flows because it becomes predictable. And what's happened in the last year in particular is agents have become so good and so fast and so cheap that many enterprises can simply spin up an alternative to a vertical SaaS solution.”

β€” David Friedberg

Internal cultural clashes slowed Google’s early development cycle

β€œThe main difference in their approach is how quickly they want to move. Anthony is very okay with risk. He gets one of these cars and he's driving it back, and he lives in Berkeley, works in Palauto. He's just using this car like the Bay Bridge every day, probably outside the bounds of what the team actually wanted, and he's not necessarily logging data. He's just enjoying his self driving car and taking it all over the place.”

β€” Alex Davies

Southern Poverty Law Center faces wire fraud indictments

β€œThe SPLC allegedly did fund $270,000 to help plan Charlottesville. In addition to that, they secretly funneled more than $3 million to a bunch of violent racist extremist groups, including the Ku Klux Klan, the American Nazi Party, Aryan Nation, United Clans of America, and it goes on from there. So I think, don't forget about the $3 million bucks. So this group that was supposed to be fighting racism, in fact, was fomenting racism by paying these groups to basically organize protests that SPLC could then point to and say that America has a huge racism problem. And that's basically what happened after Charlottesville. They increased the amount of money that they were able to fundraise by $81 million.”

β€” David Sacks

Uber’s aggressive testing led to industry-altering fatal accidents

β€œIn the last moments of Alane Herzburg's life, the robot spent an indefensible five point six seconds trying and failing to guess the shape in the road there was a human body pushing a bike. Over those five point six seconds, the robot kept reclassifying our whishing an unknown object a vehicle a bicycle. During that time, spent wondering the car did not slow down. Soon after Elaine Hertzberg's death, Uber halted its testing program.”

β€” Host

Sister Huang gambled everything to escape rural China's dead-end factory life

β€œSister Huang had come a long way. She grew up in a rural village in Guizhou, one of the poorest provinces in China. Sister Huang had already broken many of the norms and conventions in her hometown. She'd left the village to go work in towns, then cities, and then even abroad as a migrant worker in Singapore. She became financially independent, which gave her the capacity to divorce her gambling husband and raise two children to university age.”

β€” Alice Su

Southern Poverty Law Center faces wire fraud indictments

β€œThe SPLC allegedly did fund $270,000 to help plan Charlottesville. In addition to that, they secretly funneled more than $3 million to a bunch of violent racist extremist groups, including the Ku Klux Klan, the American Nazi Party, Aryan Nation, United Clans of America, and it goes on from there. So I think, don't forget about the $3 million bucks. So this group that was supposed to be fighting racism, in fact, was fomenting racism by paying these groups to basically organize protests that SPLC could then point to and say that America has a huge racism problem. And that's basically what happened after Charlottesville. They increased the amount of money that they were able to fundraise by $81 million.”

β€” David Sacks

Migrants wear crosses as protection from jungle bandits

β€œI noticed that the whole family was wearing big cross necklaces, but Agan said actually they just bought those so that they could blend in on the trail. They thought wearing crosses might deter bandits from targeting them. I heard there are a lot of Catholics on this route. I don't know the specifics, but maybe if you run into a thug and they think you're someone of faith, you might have a better chance of being spared.”

β€” Alice Su / Agan

SpaceX acquires AI coding startup Cursor for $60 billion

β€œThe acquisition was essentially negotiated, and the way that it's structured is so that the S1 doesn't go stale. So I think the way that it was announced has more to do with the fact that they don't want to slow down and have to rewrite parts of the S1, have to redo the disclosures, have to redo the risks. So I think what you're going to see is that this will get done. In fact, the deal is effectively done. But what's so smart is that where is SpaceX today? Let's call it a trillion. Where could it be? Just for the purpose of this argument, let's say two trillion. So when the deal gets done on a stock for stock basis, it's going to be, again, if it's $60 billion in tomorrow dollars, effectively Elon's gotten a 50% discount.”

β€” Chamath Palihapitiya

Targeting billionaire residences creates dangerous security threats

β€œIt's a dog whistle to say that's the next UnitedHealthcare CEO. And in the week that a fire a a Molotov cocktail and a bullet gets shot into Sam Altman's house, it's deadly serious. Just before you point at people's homes and say this is the villain, be careful because nobody deserves to have their house fire bombed or shot at, period.”

β€” Jason Calacanis
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