The FTC & the "Algebra of Deterrence" episode artwork

EPISODE · Apr 26, 2019 · 31 MIN

The FTC & the "Algebra of Deterrence"

from Pivot · host New York Magazine

Kara and Scott talk about the FTC's fine on Facebook -- it's basically a "parking ticket". They also talk about the bombings in Sri Lanka on Easter Sunday and their social media ban. In wins and fails they talk about the shake-ups at The MarkUp, the Tesla board and Scott's love big Broadway musicals.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kara and Scott talk about the FTC's fine on Facebook -- it's basically a "parking ticket". They also talk about the bombings in Sri Lanka on Easter Sunday and their social media ban. In wins and fails they talk about the shake-ups at The MarkUp, the Tesla board and Scott's love big Broadway musicals.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

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The FTC & the "Algebra of Deterrence"

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What's up y'all? I'm Skyler Diggins, seven times WNBA All-Star, Olympic gold medalist, and Mom. And I'm Cassidy Hubbard, a post and reporter for nearly 20 years, covering the biggest names and stories in sports. And Mom.

And this is and Mom, a community for athletes, game changers, and moms of all kinds. Dropping May 14th. Happy and with us. Hi everyone, this is Pivot from the Vox Media podcast network.

I'm Kara Swisher. And I'm, I'm who am I, Kara? I'll tell you who I am. I'm Brian Tarth, commonly known as Brian of Tarth, a warrior of the house Tarth, vassals to house Baratheon, and now a knight of the seven realms, Kara.

What haunts me? What haunts me? Does Jamie Lannister love me? Does he love me, Kara?

Come on, she's an enormous lesbian. She's not like it's a bad thing. I'm just saying. There's nothing.

There's, there's, she needs a girlfriend, is what she needs. And she loved the other lady. Oh my God. She has been kicking ass.

That's right. That's how we lesbians do it. We're all becoming mayors of every city across this fine United States of ours. Have you noticed that there was another one in Florida?

There's a new lesbian mayor, like one of your big cities there. I forget which one. Tampa? Tampa?

I like to call them. I know I have to run for mayor San Francisco. I don't have like a trica of lesbian mayors, girding the country. That's why you should run for mayor.

That's absolutely why you should run. You know what? We're all Breantarth, that's all I'm saying. Is that how to pronounce it?

Whatever. Cheesus. Look, I don't want to speak of Game of Thrones this week because the only thing on my mind is end game. And the fact that I have not seen it.

And it's all over the friggin internet. Do not tell the end game. Do not say the end game. I'm so like worried about finding out.

Anyway, let's start. We're going to discuss the movie Avengers. No, we're not talking about this. My question.

My question about end game in the Avengers is do they make that movie for a man? Oh, yes, they do. And it's called Game of Thrones. And we're done.

OK. And we're out with game. All right, listen, big stories. There's so many big stories.

I wrote this week. There's Facebook finds. We're going to get Elon Musk doing his robo-taxi thing. We've got Deranged John Old.

There's so much to talk about. Let's start with something I wrote this week. I got a lot of attention. Sri Lanka banning Facebook.

Not just Facebook, social media, because of the trying to get a control of what happened in that country, the terrible tragedy there. And they pre-band them so that false information wouldn't. What did you think of that? I was kind of a little bit.

I actually read your article. And most of the time I read your article, I'm sort of overwhelmed with one word. But this one, you know, you put in there a term. Actually, I thought it was an important piece.

You had a term that I've co-opted and adopted as my own. You used the term, spinning up violence. And that perfectly describes what is going on here. That these firms, do they catalyze it?

Are they responsible for it? No, they spin it up. They spin it up? That was something you heard.

What you said about the notion that you were relieved and a bunch of people kind of chined in behind you. I thought it was an important notion. What kind of responsive you had? Well, a lot of people were relieved.

They admitted it. They felt good about it because these companies couldn't get a hold of things. And they were worried for the worse. And I thought all these people died.

We don't need more of this because they already had anti-Muslim violence there. And this is a country trying to push toward democracy, unlike a lot of the other ones. And of course, if countries can shut things down, then dictators will not like. No, dictators will love social media because they take over it.

They look in the Philippines with Duterte or Turkey and wherever. They don't take it down, actually. They abuse it, is what they use it. And so there are questions.

I wanted to get the debate going. What are shutting it down is the worst possible choice. But in some cases, it's the only choice. So what do we do?

Except for all the rest. Yeah, exactly. So it was interesting back and forth. I definitely got First Amendment Fading Couches.

But I'm a backer as a journalist and someone who believes in the free thing. I just think these platforms have not taken the responsibility that old media had in the past, the standards. And they're not liable for it. And therefore, something has to happen.

They have to fix that. They just have to fix the situation. So that's what I mean. Well, there's a couple of things that might happen here.

The first is, so they shut it off. And this goes back to a prediction we made last year. I think a country's going to shut it off and not turn it back on. I think someone's going to decide, OK, my 16-year-old is angry.

But other than that, what has happened here? Are cats living with dogs as it started raining frogs? No, we're OK. And they're going to do the math and go, you know what?

Maybe we don't turn the switch back on. Right. Well, do you think that's the case in some of these countries? They just don't want to deal with it?

Because they're used to communications. That was Facebook's argument. And I would agree with them that it's used as a communications vehicle. And the issue is, of course it is.

But then what? If they're going to have the responsibility of being that, they have to have the responsibility of making it work properly. So they want all the good stuff and none of the bad stuff. That's my feeling.

But why wouldn't a place like Uruguay or Estonia and Go Chinese? And what I mean by that is China lets these firms and long enough to steal their IP, kicks them out, props up a local launch and earn captures the value creation domestically. Why wouldn't someone say, you know what? Are you destroyed our media companies?

You have a habit of denying and deflecting when terrible things happen. We're going to kick you guys out. And if a couple of local New Zealanders want to start a social network, more power to them. I think a couple of these nations are going to look at the Western way and go, you know what?

We're going Chinese. Yeah. It's interesting. It's an interesting time.

And I think you'll see more of it going around. I think one of the arguments is, what if they did it in this country? I'm like, we aren't so dependent on, we have so many outlets of media that it's a different story. But of course, it's different from country to country.

And it's certainly, you worry of Donald Trump's shot. Of course, he doesn't want to shut it down. He likes to scream on Twitter. So it's a really problematic and confusing situation, I think.

Which is- You had the best, you had the best albite of the week spending a violence, you know, who came in a close number two? Bob Iger, who said Hitler would have loved social media. Oh, yeah, that's true. He would have.

That's true. I agree. And that's interesting. Where do you say that?

That's an interesting thing. An event posted by the Simon Wiesenthal Center that, you know, this isn't about First Amendment. This isn't proving to be pretty ugly. I mean, it's the killer thing.

People don't like the movie. Hitler move. Interesting. Well, I don't think it's fair to compare them to Nazis.

I would just say it's sort of Nazi-ish kind of, you know, tyrannical-ish. Speaking of tyrannical or steps to tyranny, did you see who Facebook hired? Is there a new legal count? Yes, I saw that.

And I'm a PR person too, that I hired a big PR person, who plays caramel. Yes, this is a place calling stretch. Yes, this is an interesting character person. Jennifer Newsted, she's got a history on her.

She helped write the patriarch, which is not, you know, go ahead Scott. Scary, right? Incredibly. Yeah, yeah.

Incredibly. I get the sense you're waiting for me to go, gangster. So you want to maintain your credibility? You're like, no, you just got to jump on the fire here.

You know what, I get to talk on stretch over, so I don't really care. So go ahead. I'm sure she's not going to call you. OK, so Miss Newsted is clearly a very talented person, Skadden Arps, clerked for Justice Breyer, and will be known as the individual that was sort of the tonic that washed down what ultimately legislation that was deemed as unconstitutional.

And I would argue, you know, is the results are resulted in a real loss of moral authority on the part of the US as we figured out a way to justify torture. We called up with a new name for it, enhanced interrogation. But this is an individual who is very good. It's washing down very ugly occurrences.

And Sheryl Sandberg put out a press release saying that Miss Newsted would help them fulfill their mission. And my question to Miss Sandberg is, what exactly is your mission? Yeah, the law enforcement surveillance powers that was in that act are really quite extreme. I mean, I think a lot of people feel that was sort of the beginning.

It's not, you know, trying to extreme, but it's certainly, you know, that someone who's known for walking in with someone who gave law enforcement agents greater surveillance power due to this thing is not probably the best look. I mean, not that they're going to go for an ACLU person, obviously because no one would do that. So it's problematic, sure. We'll see.

Yeah. Yeah, I think it's frightening. And then they also hired actually hired a guy who got him jumping out who started a billionaire whisper, a very talented guy who convinced the world who convinced the world that billionaires are a solution to the problem, not the cause of the problem. And I want to pull disclosure on friends with John.

I like him a lot. I think he's exceptionally talented. And I think he's gone to the dark side. And I'm just really, I think it's terrible.

I think he's going to do a great job for him. And we're all going to be worse for it. Yeah, it's interesting. I guess I'm off his Christmas card list.

No, that's OK. He was worked for Bill Gates, Paul Allen. You know, he was at Google for many years in the Asia Pacific. Very talented.

And he's from Washington. You know, it's interesting who he's placing Karen Aruni who left and before that, Elliot Treadt, Karen's been there for a very long time before that work for Facebook. So it's a new day for Karen's Witcher at this company, I think. It's interesting.

It'll be interesting. It'll be interesting. John likes to. He always asks about you.

Oh, does he? OK. All right. I never really tell him.

He's hoping he's hoping he'll be the 45th lesbian mayor. It's like going to be. All right. Another story.

That's a bump for a second. What's the fine? The fine. Let's get to the fine.

Oh, gosh. I mean the parking ticket. Exactly. That's what I just called.

I just finished a conference. I'm saying, thanks. Exactly. When I called it a parking ticket.

What the heck's got? This is big. How much should they do? No, this is big.

Why? Well, first off, OK. So think about what's happened here. Well, let's step back.

A fine. What's the point of government action and fines? The idea is, you know, it's a little bit of retribution. It's a little bit of a fundraising event.

But mostly it's meant to serve as a deterrent. And the algebra around deterrence is pretty simple. And that is the likelihood of the probability of getting caught. Times the likely fine is greater than the upside of continuing to engage in that illegal activity.

Yeah. So the point here is that Facebook is unwittingly co-opted the FTC into what is probably the most valuable creative day in the history of Facebook. And that is when stock is up $30 billion this morning, the value of Viacom plus throw in Fiat Chrysler. Why?

Because they came out ahead of the fine and said, hey, guess what? In exchange, we can continue to engage in this illegal behavior. And it's going to cost us two weeks of income or seven weeks of cash flow. And on hearing that, the marketplace says, fantastic.

We're going to take your market cap up 10x the amount of the fine. So not only is this fine, not a deterrent. It is enabling this type of behavior in Tim Wu, Professor Tim Wu, Columbia. I mean, this guy is a gangster.

He's written, I think, a really important book called The Curse of Bigness. He has a key point. And that is a key step to tyranny is that the government is no longer turns from a countervailing force against private power to a co-conspirator. And that's exactly what has happened here, is that our government agencies are no longer countervailing forces, they're co-conspirators.

And the FTC and the DOJ need to do what happens when you see those signs it says, construction, men and women working, if you speed here, the fines are doubled. They need to say, OK, when we're talking about media and privacy, in an instance, where it might be spun into violence as you have articulated said, then we need 10x fines. So my big theme today to the FTC is 10x out of zero to that fine and restore the algebra of deterrence. Yeah, yeah, algebra.

I sounded so in dignity and arrogant right now. I'm taking that for the call of algebra of deterrence. I'm going to mention you. There you go.

I love it. I'm writing it down with my own. AOD. There's AOC in there's AOD.

Well, you know, AOC would put a zero on the end of that. I can guess. I'm guessing. I just agree.

It's just a ridiculously low fine. And you know, there's all kinds of ideas to find these companies or things. But it must have been like 0.5 billion. That's all that kind of thing.

And it's what they've done over the past couple of years. That means they're getting off for their behavior. It's like a get out of jail free card. The last thing Google Walkout organizers say, they're facing retaliation.

And Google's saying they're not. And it's an interesting problem. When people become essentially, they're not whistle-blowers. They want things to change the company or being public about it.

They get impacted. Scott, what do you think? Yeah, well, I've always thought, and you've reinforced this, is that Google is actually a lot more tolerant of dissent than most tech companies. Usually, yeah.

But not in the back part of it, right? They're like, sure. And then it doesn't help you when you've done this. If you don't go along together long.

So they're tolerant. I mean, realistically, should it help you? Because you're being difficult? Yes.

Yes. You should be able to say. OK, we want it. If you're a company like Google, Google's always talks about these meetings.

They talk about how everybody counts. If they're going to do that, they should just say, no, we're just Microsoft. So just touch up and sit in the back. That's what I said.

They just go on and on and how open they are. So they're going to be this way. And they want it their way or the highway. And then they should say that.

Yeah, so we can have a conversation around what should happen. I think the conversation is what will happen. And that is, if you work for a for-profit public company and you publicly shame them, you better be willing to kill the prince if you're going to stab him or her. And so you're probably throwing yourself on the funeral pyre here because you're the CEO of a company.

And yeah, you're going to give some lip service to it. But you don't need individuals going public with your dirty laundry. And more power to her, she might be right. She might be right.

I would argue personally, she's probably not being that effective. And there's very few for-profit companies that legitimately want to endorse this type of behavior. And I think a lot of them are open to saying, all right, how do we fix this problem? How do we do it internally?

We're very open to this. Am I sensed from some of your reporting is that Google's actually quite tolerant. They're quite open to things. No, no.

Just to let off steam. They have so many message boards at Google where they all yell at each other from everything from how the kombucha tastes to more serious topics. And that is obviously a serious topic. But they talk about that a lot, actually, food on these things.

But they argue with each other about lessing. And they have dozens and dozens of these boards. And then these meetings that they have every Friday, which used to be with Larry and Sergey, where they get to people get to mail off as much as they want. So it's a very mail-off culture, but it may be just to let off steam.

And you're right. I mean, once you start to really go down that road, people really don't tolerate it if you keep complaining, unless you are so valuable to the company that you can continue to do that until you are. They are also covered up a lot of sexual harassment stuff, and paying people off and being quiet and quietly letting people out the door, which is very typical of every other company in Silicon Valley, is that hush, leave here, take this bag of money and leave sexual harasser, for example. So I don't know, Scott, it makes me sad.

It makes me sad. It does. It does. You should be able, this particular culture talked about being open.

And it's not really open, is it? It's just they want to make money and stop complaining and go back to your massage chair immediately, kind of thing. Yeah, become a journalist. Run for air.

That's right. That's what I'm saying, for example. Yeah, but even at Germany, even at companies, if you complain too much, I used to complain a lot about things at the Wall Street Journal. I can tell you they didn't like it too much.

Yeah, but I just don't think that's surprising. I don't think that's going to change. And I think that's the world we live in. And that's part of our economic model.

And it sucks to be a grown up. I thought your Brianna Tarth, Brianna Tarth wouldn't say this. You would go in with him. Oh my god.

That's unfair. You're right. You're right. You're not Brianna Tarth.

You're like, in the name of truth, in the name of the mother. Who's the guy who owns all the whorehouses, the lately guy? What's his name? Oh, Little Fender?

Little Fender. You're Little Finger. That's what you are right now. That's all good.

Sorry. Now we're talking. Now we're talking my language. We're going to take a quick ad break.

We're going to get back. We're going to have wins and fails and predictions. Hey, I'm AppiShel, comedian, writer, and floating head. You may or may not have seen on your 4U page.

And I'm starting a brand new podcast. Wait, wait. Don't swipe away. It's called That Sounds Like A Lot.

As in, that feeling when you check your phone in the morning, you read three headlines and you immediately think, oh, that sounds like a lot. I can't deal with all this. But guess what? I can deal with it.

And I'm going to get into it every Friday. I'll break down whatever chaos is happening in the world, then I'll sit down with a comedian. You can be progressive and not be like fucking annoying. Maybe an actor.

They go coming to them and going too far. You go, why? Because the Sadie Hawkins dance happened? Maybe a filmmaker.

Since leaving that show, I'm challenged to sparing. I just got to hang out and try to do so. You're the one with the charmed light. Could be a politician, basically anyone who responds to my cold de-ends.

We're recording the whole thing in a beautiful studio, so yes, you can watch it on YouTube, or you can listen wherever you get your podcasts. This is not the place to get the news, but it is the place to feel a little better about it. That sounds like a lot part of the Vox Media podcast network. We're here with Scott Galloway, who's in Florida.

I'm Karis Wisher. I'm in Washington, DC. This morning I was interviewing Julia Angwin from the markup, or not from the markup. She got fired.

Is that a good one? She even launched. And we did a really, really good podcast on what she thinks happened. Obviously they didn't happen in an opposite way.

And it's going to be really interesting, because the funders seem to be taking her side, or at least looking over it very carefully. But they had a breakup between the founders before the thing. This was supposed to be dated journalism. And Julia Angwin is a very well-known and well-respected using data to do journalism about the tech industry.

And she's done some great pieces about how Facebook, for example, has racial, does jargon, racial lines, and things like that. So it was an interesting podcast this morning. I think it's a win and a fail that she did it. And then they fired her.

I think it'll be really interesting what happens. We had made her a win before that this markup thing, that they were going to do this data journalism thing. So it's hard to be a media company these days, Scott. I don't know.

I think it's pretty hard to sell this as compelling. I'm bored listening to it, Karis. What are we talking about? Seriously, what are we talking about?

Data journalism? What are we talking about? You know what? You just need a shiny object.

What do you like? Who do you like watching? You know what I like? Vitamin water, Chipotle, Nephi, Flixialis, and what else?

And cannabis. I think you're going to have to go. Anyway, that was a fail, I think. And my win and then we'll go to yours was George Conway again with Durrange Donald.

You love him. You love George. I love him. I have a complex feelings about him.

But I do think he's very funny on Twitter. And I think he's using it beautifully. And so he started the hashtag Durrange Donald. And I think it's just it's catching on.

I have to say, I haven't even thought of it. It was demented Donald. There was, you know, dorky Donald. Whatever.

Anyway, it's working perfectly, his Donald thing. And I think it's. You know what George Conway is? What is he?

Tell me. George Conway is the Melania Trump of DC. Both of them are fairly unimpressive people. But when they stand next to their spouse, they seem amazing.

Oh, well, OK. He's pretty funny. He's pretty funny. No, he is funny.

But there's 20 has number two. But we think he's fascinating because he stands next to his wife. And we're like, wow, what a neat, neat, decent guy. Yeah, that's true.

But I don't know. It's more than decent. He's being really quite. Invite him to code.

We should roll with that guy. I have texted him. I have DMed him. I'm trying to get him to do everything.

George Conway, please, please. I would love to talk to you about your use of Twitter. And I'd be happy to talk about other topics, too. Anyway, so win for me.

Anyway, I'll keep trying. Anyway, go ahead. Wins and loses. So I mentioned one of my wins, Bob Iger.

I think he's showing a lot of courage in saying things that's not everyone's mind. But it's sort of a different win. I got off the couch this past weekend, and I went and saw my first Broadway show in a while. I took my boys to see King Kong.

And it was wonderful. And I looked around him. The thing that really kind of struck me was you have an orchestra of live musicians, not something streamed off of Spotify. You have actors who are in actresses and dancers, who are part of the union probably making not a great wage, but a living wage.

And ushers that are part of the union. And I thought, this is just great entertainment. It's not about scale. It's not about a few people sequestering billions of dollars.

It's about an outstanding medium that is supporting the middle class and creativity and a bunch of kids who grew growing up probably thought, I'm different. You just see a lot of people on stage and you think, all right, that kid probably got a lot of shit when he or she was in junior high school and they found their way to New York and they're doing something inspiring. So I just felt great about getting off the couch, turning off Netflix, and watching my kids just in awe of what these guys, these people were able to do on stage. And it was really, it was just sort of a nice joyous dad thing.

So my win is Broadway and their approach to labor, their approach to wages, and a brief moment of inspiration outside of Netflix or HBO. All right, Bob, Bob, Bob, Bob, why are your owns everything now in entertainment? Like, right, he's pretty, and now Marvel's opening with this movie, you know, it'll be an enormous money maker. He's sort of got everything, he's got everything.

And they bought Fox, he's got every piece of at least the entertainment pie. Or he's got all the good ones. He's like, you just literally rolled over my kinkong. You didn't even hear it.

I heard your kinkong. You didn't even say, I don't like those big Broadway things. I didn't want insults, you're in love with that. That's fine.

I like the small shows, which are now dying because those big giant shows roll through. It's okay, I like the small shows. You wanna talk about Giant? They put this literally this gorilla on stage, and you can hear this thing's breath, it was incredible.

Anyway, little cute shows off, off, off, off, off Broadway. No, no, I like the big ones. You and I are doing an off-Broadway show. We are, let's give him a big song.

Oh my gosh. She's a lesbian journalist. He's an angry depressed professor with a racking neighbor as Evan Spiegel. Come on, you'd like to get to that.

I don't think so. You'd like tickets to that. Sad, sad, sad play. All right, fails.

Sounds like sounds very bad. Sounds like, that's like Showtime four. That's like Showtime one or Showtime two or Showtime four. The giant overwhelming Broadway show.

Or Vail? My fail seriously is, and this goes back to a prediction, is the board of Tesla. I mean, do you realize Elon Musk again? Well, yeah, I will.

Okay, but hold on. He's committed market manipulation again. You announced a million autonomous cars within a year, which is his way of saying, my business makes no fucking sense, so I'm gonna try and create a distraction and talk about something else, which by the way is not only an exaggeration, it's a lie, it is physically impossible for a million autonomous cars to be on the road within a year from Tesla. And what this is, is a terrible head fake, trying to say don't look at my core business, I've got him vent something else.

And his board is so clearly out to lunch that they don't realize the SEC is about to make this market manipulation exhibit be. This board is asleep at the switch and is gonna cost shareholders huge. When it becomes clear, there's no truth, there's no veracity to this statement. And the SEC is about to go gangster on this guy.

All right, this is a prediction, and a fail at the same time. Yeah, but I still have other predictions. What are you predicting? No, I don't understand that.

I would go ahead, go for it. I think that's interesting. I mean, I, I, I, I, I'm not gonna comment on that. Move along, go ahead.

So, so look, we, just to revisit, I want to do a better job of holding ourselves accountable. I predicted that Twitter and Snap, were gonna decline dramatically, and I was wrong. Both reported fantastic earnings and numbers, and they seem to be figuring it out. I just, you look at the numbers, and there's no denying that these terms are doing well.

Yeah, except for that closed door meeting with Donald Trump, it's not hellish. We also, we also predicted, we also predicted that Facebook, I don't know if you remember that, so I predicted when Facebook was at 159, it would be 200 by the end of the year. It went down to 139, and you gave me a little bit of shit for that, and now it's back towards 200. I think Facebook shows no signs of, of, of letting up.

And then my, but my big prediction is that by the end of this year, a Facebook executive is detained and arrested, and it's on foreign soil. Oh, it went, what part of the world? I think the rest of the world has not lost the script, and they realize that the government is supposed to be a counter, you know, a countervailing force to private influence. And I think the rest of the world is, we're fed up.

I think the rest of the world is literally throwing up in their mouth. Yeah, all right, you know, that was Google, there was outstanding response for some Google execs in Italy and Germany a couple years ago. So, and it was quite dicey, I remember talking to Google and others about it. What country, what country for the Facebook?

Oh, I have no idea. I think the country that started the Elizabeth weren't geopolitical, and that is kind of the intellectual leader is Britain. If I were Mark Zuckerberg, I would not be flying my Gulfstream 650 Extended Range plane over anywhere near British airspace, because I think they will escort it down and put cuffs on the guy. Oh, wow, that's interesting.

You know, they had, they've wanted him there a lot, and there's been a lot of controversy of him not appearing to their committees and everything. There. We have a CO, one of the largest companies in the world, and kind of the object of our affection, and you know, the kind of the Jesus Christ of innovation, and the thing we point to, and the CO of that company can't appear in front of Parliament of an ally for fear that he might be arrested. That's literally where we are.

You think that's why, because he just doesn't want to go. I think the answer is yes. I think he'd rather do other things, and I think probably his legal counsel, who now, you know, is, again, the enhanced interrogation lawyer is probably saying, no, you probably should probably, you know, see man you play from nearly some other time. We don't need to be in Britain for a while.

Okay, that's interesting. We'll see. And then we saw Pinterest and Zoom go out, and did okay, they did pretty good. They didn't go down, and we obviously are about to see Uber going out, which we'll talk about in the next few weeks, I think it's the next two weeks we'll be going out, and we usually have people buy their story of freight and eats and other things when they're facing these extensions around drivers and pricing and things like that, which apparently there'll be a thousand, how many cars, a million cars that you say that on the road?

Well, Tesla said that there was going to be a million autonomous cars, but the Uber IPO, I call it the, I call it, you know, it's so nice to see the Lords in America taking revenge on the surfs finally. It's so nice to see the Lords getting theirs finally, finally. So yeah, the 22 or whatever, it was the 18,000 people at Uber, again, sequestering $120 billion in value from the foreign advertising drivers. But anyway, we'll see.

We'll see. The Lords versus surfs IPO. That's my new talk track, Lord's versus. The Lords take revenge on the surfs, finally.

We're back to Game of Thrones somehow, but let's not stay there. I'm interviewing the Mayor of San Francisco, the actual Mayor of San Francisco, London breed on Monday there in San Francisco. So that should be an interesting question. There's all kinds of stuff around techies and money and the idea of tech.

There's a possibility of introducing an IPO tax that people pay 1.5% of their stock. Something, I forgot, I've been looking more closely before I talked to her on, it was introduced in the city council, the idea of paying more for these people with all these things because of the impact on the city in terms, I think probably the answer to all of it is more affordable housing, but including homelessness, including everything. I do think that'll be an interesting discussion with her. Where's Benny off on that?

I don't know, I gotta call him, I gotta call him, he's in Hawaii right now, I think, or somewhere, whatever. He's probably watching Game of Thrones too. By the way, Elon Musk likes Game of Thrones just like you, just so you know. Oh that hurts.

That's a low blow, that's a low blow. He loves it, he loves it. Oh my God. In any case, Scott, enjoy your time at Point and Beach.

I will be talking to you, I think, from San Francisco next week, from San Francisco. Yes, I will, I'll tell you how that went. And enjoy yourself, and I will see you soon. Where are you going this week?

I don't know, the only thing I know that's happening this week is season eight, episode three. Other than that, I haven't thought of any. Yeah, I also have a podcast with Sam Harris. We also have a podcast with Sam Harris, you gotta help me with that.

Yeah, he's great, good stuff, Sam Harris. I know, I'll see how that goes. I love any suggestions. Anyway, Rebecca Sonones produces a show, and a shot Kerwa is the executive producer.

Thanks also to Eric Johnson. Thanks for listening to Pivot from Fox Media. We'll be back next week, more of a breakdown of all things tech and business. If you like what you heard, please subscribe, rate, and review Pivot on Apple Podcasts.

The Founder Hub Sonia & Alana The Founder Hub Podcast goes behind the scenes of founders and their start up journeys, sharing their little gold nuggets of their successes, and how to pivot around adversity, keeping it real and leaving no stone unturned.We are passionate about engaging and creating. We love people, and connecting like-minded people! We thrive off elevating one along their journey and exploring different avenues to success. We are excited to bring you the best of our amazing guests who will span across a range of industries & businesses from services & product based.Starting a business can be a lonely road but it doesn’t have to be, join us weekly to get your juices flowing. The Legacy Lounge Live – Episode 10: Multiple Streams of Income Tasha Rodriguez In this episode of The Legacy Lounge Live, we dive into real, practical ways to create additional income—no degree required. This conversation is rooted in strategy, discipline, and building income that works for you, not the other way around.Featuring a powerhouse panel across real estate, finance, life insurance, notary services, and entrepreneurship, we break down how everyday people can tap into opportunities and turn skills into income streams.From notary businesses and flood adjusting to real estate investing, life insurance, car rentals, Airbnb, and even crypto—this episode gives you a clear, honest look at what’s possible and how to get started the right way.Whether you’re trying to supplement your income, pivot careers, or build long-term wealth, this episode is about moving with intention and building something that lasts.One stream covers bills. Multiple streams build legacy. Physician NonClinical Careers with John Jurica John Jurica, MD, MPH, CPE Physician NonClinical Careers is presented to inspire, encourage, and teach physicians how to pivot to a new career. John Jurica will present topics important to pivoting physicians and interview experts and physicians who have completed their career pivots. Pivot Point with Joseph DeBeasi Joseph S. DeBeasi Pivot Point explores the personal experiences of those who have made a life and career in the world of film, music and the arts. We’ll hear from industry pros about how they got started, the hurdles they overcame and the help they received along the way. Joseph’s style of interviewing reveals stories we embrace as our own, finding empathy and encouragement in the creative journey and hopefully help you move closer to your own personal Pivot Point.

Frequently Asked Questions

How long is this episode of Pivot?

This episode is 31 minutes long.

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This episode was published on April 26, 2019.

What is this episode about?

Kara and Scott talk about the FTC's fine on Facebook -- it's basically a "parking ticket". They also talk about the bombings in Sri Lanka on Easter Sunday and their social media ban. In wins and fails they talk about the shake-ups at The MarkUp, the...

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