Hello and welcome to slate money your guide to the business and finance news of the week. I'm Emily pack and i'm here with Elizabeth s. Pyres of the new york times hey elisabeth.
Hey morning.
And in pratic examine is the wonderful anish mansky of reihana. Hello, today on the shop, we have an acidi C2Blue sky. People are have left the platform formally known as twitter, now called x and are migrating to a new place called blue sky.
Is this social media APP? The new twitter is a just a liberal bubble. We will discuss then a billion aire of very close ties to the leader of a democratic country is under fire.
Am I talking about elan musk? I am not. We are gonna talk about what's happening with A A di, the indian tycoon accused by federal prosecutors of fraud.
And finally, we are gonna talk about the mega companies that are trying to capitalize on trumps win. Will they be successful? Are people going to buy joggers with pockets that let you conceal your weapon? It's a good question, and that's all coming up on sleep money.
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Want to a shop one mark like friday deals first one more plus members get early access to our hot deals, join now and get fifty percent off a one year annual membership shop like friday deals first with warm r pass, see terms of wm r plus. So a few days after the election, I opened the blue sky APP on my phone and found I had, I don't know, like a thousand new followers. Something was happening on the social media APP that had been kind of dormant.
Elizabeth invited me onto blue sky, I think, more than a year ago at this point. But since stanl trumps election, a lot of people have defected from x from twitter and migrated over the blue sky. And if you spend any time there recently, it's really giving twitter twenty nineteen vibes, maybe even twitter twenty twelve vibes.
There is a feeling of excitement for me, a twitter refugee on blue sky. I'm seeing all these people I forgot existed because everyone stopped tweet. So IT does have a feeling now that there's a community reuniting on blue sky. Eliph, since you invited me there in the first place, how are you feeling about this? Reemergence.
I don't think it's that surprising. I think when must brought twitter there, you know, a couple of platforms that sort of stepped in thinking that they were going to save off some of the twitter users as most kind of eroded the trust and safety regulations that can made IT usable.
But a lot of them had a lot of usability problems, you know there a lot of people are masted on, but IT takes them a little bit of technical knowledge to get onto master on and to sort of understanding how t works. Blue guy looks almost like a direct replica of twitter, super intuitive. And they take know the trust and safe stuff seriously.
So it's been a more pleasant platform to be. And Frankly, and I think in the last few months, eggs in particular has been swarmed by a lot of boats and rate wing nonsense. And it's just it's become unusable for a lot of people even if you're not bothered by the politics of IT. So blue's guy feels like almost one one alternative.
Anna, are you on blue y?
I'm actually not on blue sky. I also barely use twitter. I primarily use IT for college football. So i'm clearly probably not the key market for blue sky. But I think the thing that does concern me though is, yes, I think everyone agrees that twitter has become increasingly unusable and there has definitely been a significant right, right push.
But the idea that you're going to create this new model where IT seems like it's just going to be a bit of a liberal bubble, and honestly, I imagine that it's primarily going to be journalists who are moving over there. So I fear that you're simply going to about liberal journalist talking to each other, which is fine if that's what you want. I am just natural how useful that is.
but I think that's bubble thinking because most people on social media platforms are not talking about politics or media. I think because we're journalists, we follow other journalists or you know and I work in politics and of the times, I follow a lot of political people. But the average user on twitter or facebook or whatever, they're not there for a political news or media stuff. Our experiences of being on this platform is very bubble because of the people you know how we build our own timetable, ines. But I think blue guy has a lot of utility for people you don't care about politics, like maybe you care about sports or music or something like that and then you know the set of liberal, conservative bubbles less reliant yeah.
My concern though is that the people who are moving over are probably not you're just average twitter user because as you say, if your average twitter user is not does not care that much about politics, they're probably not going to make the move. Maybe i'm wrong. It's entirely possible that this will become yeah amazing new thing that everyone will move to. But right now, what seems to meet to be happening is people who are already very interested politics are moving over as a political statement.
I think twitter has really become the sort of speaking of bubbles, has become A A cyclo for conservatives, for elon musk fans, for spam. I think, anna, I mean, that is the downside here is like are we just is this just a small bubble of media liberals all talking to each other? Still blue sky has momentum right now, but only has fifty million users.
I think twitters three hundred million daily active users or something threads, which we haven't mentioned yet, two hundred and fifty million, so small. But one thing I think maybe important is twitters function. Print on mask was really a source for news that was almost like a news wire.
You could go there when something was happening and find information quickly, but he's really jam the system up. Ready took away the application from news outlets, from respected, interested journalists, and gave IT to people who just paid for IT. So you don't know where the information coming from.
Must himself spreads this information, so went from being a source of news and sort of that kind of thing to the exact opposite. And now there is this lack of a real time news outlet. I think, on your phone or on the internet, ever, you want to put IT.
You could point to reuters, I suppose, and say, i'll just go to reuters. But you know it's it's a different real time aggregation of news. And IT seems like blue guy maybe has the potential for that. That's a really valuable service to the public to have a source of news getting pulled from everywhere.
yeah. I mean, one thing I would say though, is that, well, I definitely agree that elon musk made much, much, much worse. IT was pretty bad before he bought IT too.
I don't think IT was an amazing source of news before elan must bought a per. The reason Donald trump c in president two thousand sixteen is probably, in fact, partly because of twitter. So we might be giving him a little bit too much credit.
But I I think it's it's an interesting argument and I do agree with you that I think back in the day, social media and general was often a way that people were creating kind of aggregated source of news. But I still go back to my original point that, yes, this may serve a purpose in terms of people having a Better way to get news without all of the spam. However, they're also going to probably be getting news from a very small number of people who think exactly as they do, which may be fine if you're just really want straight news. But I do worry that we're just going to be increasingly moving even further and further into our bubs.
Another thing I was wondering, the bubbles are always bad, right? Twitter, if you go back to its earliest days, was the nexus, the beginning of, or the place where social movements took off and happen and spread real change in the world, right? Like arab spring, for example.
Me to another example, just all kinds of like social movements. I mean, you could argue you part of the reason eli mustard by IT was to quash that kind of free speech and that kind of social justice kind of efforts bubble up. So with like algorithms taking over these spaces, I must taking over these spaces, there does seem to be a case to be made for a social media space where communities can gather, even if they're all like minded, just to organize and come together.
I think there are two factors here that are not totally obvious. One is the I think there's a ceiling on reach for any platform is primarily text driven. So I just I don't see even twitter ever getting to the scale that say youtube or tiktok cast.
So the people who who flock to text driven platforms, Frankly, the people who like to right and read and people who are more heavily news consuming people. So I I think sometimes the one one comparisons to, for example, threads, which is in some sense, and our growth of facebook and instigate of audiences might not be the best comparison. And then the other thing is that in the put all that I do, we have to look at a lot of research around media bubbles in how people consume political news in particular.
And there's a pretty big a cemetery between the way conservatives consume news in the way that liberals to you. If you are liberal, you are far more likely to come across the conservative news outlet or article in just the course of your media consumption. Then you are the reverse if you're fairly hard, right? And so as a result, like you know, twitter could end up being more of a bubble in blue sky, having if it's much larger, just because of media consumption habits.
But again, I think politics is a very small part of one. People join the social media platform. So i'm not sure the ological bubbles really are going to a shape. Ultimately, whether blue sky is a success is IT possible.
that this actually can become a success if IT continues to be the thing that people like right now. That seems to me that just can't be profitable. So IT would almost inevitably have to move more towards a traditional social media, twitter like think. And I think ultimately, at the end of the day, the problem is not elon must, the problem is just humans, that if you put a lot of humans together and there are worst instincts ti c about, yes, there are really good things that can happen. And that is the thing with social media. You get the good things, but can you also get people using IT to collectively become more and more matory? So I think i'm just a little suspect about the idea that I can both what makes IT appealing now and actually become approvable enterprise.
You'll have to see them prema atap piece and axiom on friday talking about the initial investment. And there is a fifteen million dollars story in blue sky that just happened a couple of months ago right before the election. That fifteen million was mentally for quite a while, but with the moments writing so high right now, they're looking to raise like a series b round.
So IT seems like that the momentum is feeling more investment and totally analyze who knows where that goes. There's no ads on this platform yet or anything. And a is twitter hasn't been very successful or x right? An ad acidic and IT wasn't arguably wasn't very successful business even before he bought IT threads I think is still doesn't have advertising. So we don't know what comes out of that either. Lus is so.
Fifteen million is such a small investment for a social media network even at the size. Is that right now? Yeah um when you think about how much time and money went into building facebook initially or twitter initially, they ve rap pretty quickly.
And I really think the community moderation stuff is super important that that for the reason I know twitter flash x keeps losing advertisers eland and understand the value of that. And he didn't understand very much about how social networks worked generally and didn't listen to the people who did. There was a great piece by mac magnic at a texter right after mass bought IT caught something like a how to speech on community management and IT was addressed to elon IT was like, here's what's going to happen day one.
You get rid of all of these know community guidelines because you want free speech. Here's the first bad thing that happens. So you fix that with this banded.
And then here's what else happens. And he could just goes through all of the complications that come with running a social network at scale. And those complications, you know, mantashe size as these things get bigger.
And you know the question is right now, you I think this guy is a team of twenty people. Are they going to be able to really handle the scale if they continued to run a platform that so far is fairly it's not chaotic, it's relatively okay right now. You can they run and stability. Can they really enough money to scale IT? Um and then where where does IT sit in the conStellation of all these other platforms that are more imagine video driven?
I mean, IT will be watching to find out.
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S. In new york charge goto M. I. danny. He is one of the world's richest people. He was charged with multiple council fraud.
He was accused and his associate and family members rubbing indian officials and then lying to investors in the U. S. About doing so. It's my understanding he was basically and end up i'll ask you to double explain all of this.
His firm was basically driving like local officials in india to sign up for his solar energy company, even though they're charging well above market rates for energy. So the victims of this bribery scandal, as i'm understanding IT are in india. So I guess my question, anna, is why is the U. S. Involved here?
Exactly a donny Green, a subsidiary of the addi group, and another company received a very, very large contract to provide solar energy. However, that needed to be the energy needed to be paid for by local governments. They didn't want to pay the Prices.
And in order to incentivize these local governments to agree to pay these Prices, the adani group of the allegedly paid bribes, and to be clear, the ionic group denies all of these allegations. IT is an interesting question to say why this is an issue in the U. S.
When you're talking about an indian company related another indian company are related to giving energy in india. Like why is this? The main reason is because this company raised money from U. S. investors.
And in the documents that they put out, when you raise money, you say a lot of things about how you really care about began esg company or you really care about S G. And you are opposed to bribery. And now obviously no company is going to say, by the way, i'm actually bribing officials just so you know, you know, they obviously didn't include that in the document.
but they specifically said, like we are not corrupt, right.
right? Which literally every company does that. That's more to play.
But this is essentially the way the U. S. Can get them. What's be honest, like the people who invested money in the U. S.
Those particular brands are talking about the fine payed back so that they're not exactly the you know, true victims here. I think the real issue is clearly that there was a bribery scandal and the U. S. Somehow wanted to be able to get involved. And so this was the avenue they used to do IT.
Well, it's also IT is illegal under the foreign group practices act if you are a company that's Operating in the us. To bribe for officials. So if they we're not Operating here, I don't if they had and released the statements, maybe they ouldn't be in hot water. The question .
about the foreign rupp practices act is interesting, like a one thousand nine hundred and seventy seven law, but in recent years has been used more often and apparently the incoming administration thinks it's been used too much and it's inhibiting. Why would be why .
would the coming in .
the incoming administration if they think that these have any corruption laws, make the U. S. Less competitive? And i'm gna entertain this question, do the tough us. Anti corruption laws make the us less competitive in somebody? Like, is that really an issue?
They probably do. I mean, to be honest, like probably do. However, if we want financial markets, if we want economies to function, you you need to crack down on corruption.
That is something especially for talking about emerging economy is is, is is something that can really, really inhibit the growth. So well, yeah, it's possibly due that you could argue that, yes, it's somewhat hurts the U. S. I think in the grand scheme of things though, it's still Better for the world if we are cracking corruption.
I have another sleep podge on this. India has terrible, terrible air pollution. I was just on a BBC show recently, and there was someone on there from who is based in delhi, and they were like, I cannot go outside.
It's like smoking two packs of cigarettes just to be here, breathe the air. And a lot of that is coming from factories running on dirty energy. So hey, if you have to bribe people to use clean energy, is that not for the public good?
Although I don't, a group also has cool interest. So there playing both sides of the table there.
So you're rejecting my argument wholesale?
fine. no. But what I would say, what this is probably going to do, IT, is going to potentially make IT harder for other renewables companies to raise money like this could put a spector over the industry potential in india, potential in other places. So I actually think this could have a little bit of a negative impact and and not saying it's going to be the the major, major thing, but I do think that this is not good for not only the Green energy in india, but globally.
Well, also, I said the public exposure of corruption makes people, you know rethink the rest of profile of investing in certain areas. No.
totally. And it's interesting too, because I imagine one of the selling points of these bonds was this idea that even if they weren't esg bonds, that there was a time when people were more interested investing in esg related companies because IT was something that clients were also calling for.
Now I think that has rapidly changed in the last few years, and IT has changed because clients were not earning the same returns that interest rates were going up. And so all of a sudden, people cared less than less about esg. So I think is potentially just one more thing that honestly could make that harder for some of these companies.
And that also that raises, uh, uh, a tRicky situation because we all know that the energy transition needs to happen and these companies are going to need to raise money. And if they're having a harder time getting IT through the private sector, then is that are they going to to rely more on government subsidies? The more that happens, the more likely that is you're also gonna have corruption as you you get people the they can get these subsidies that are getting more aligned with government. So I do think we're in a tRicky moment.
Yes, and there are, I know me, a joke in the intro, but there are sort of interesting parallels here with a di I guess has a really close relationship with another mote um in india there he's like basically there's this perception that addi can do any deal he wants and know he is like most favour billionaire at us in the country. And then you look at a situation like this and you you just sort of think like what's coming down the pack with, you know, the incoming administration.
And this is going to lead into a bit of what we're talking about the next segment about how it's interesting because historically, you think of conservatives as not wanting the government to be picking winners and losers for there to be less of a hand in the market. And what we're obviously seeing in india, and we're the retorted we're getting out of the incoming administration, is the exact opposite that and the us.
Is the united states. One one of our biggest strength is our husband or people say, IT is the lack of corruption that we don't have these kinds of, like, I mean, there are there and they happen, but less bribery, less corruption. You can rely on the united states a place to do like a cleaner deal. And now that looks a little shake are although the government is going and prosecuting this case.
So yeah, to be fair, we haven't actually seen these changes in the U. S. It's just we are worried that .
they could because .
of the rhetoric that we are correct.
correct.
But we will start. Last thing I will say that does feed IT to you the role of elan musk because I know some people have said, oh, well, IT may actually be good for evs because you're gonna musk there. But the thing is, if you look at like the subsidies that are four E S.
Tesla doesn't need them. It's the other E, V companies that need them. So that, that is an indication of how a this could potentially not be great for evs overall and does start to feel a little iki in terms of the relationship between a corporation and the present.
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That means there's plenty of opportunities to make that money work. So shop smarter, not harder, basically anywhere you go nationwide, IT pays to discover, based on the february twenty twenty four nilson report, learn more a discovered that com slash credit card. We are gona talk about anti woke businesses because the financial times had a great story this week that ana flagged about a bunch of companies that are positioning themselves as anti woke. Do we need to define .
what anti woke means? That means any anything conservatives don't .
like is woke. okay. What is the good faith definition?
Is there one? I mean, that kind of is IT because it's .
a moving target. Yeah, I think I think it's probably things that are tend to have more of a Christian bends, things aligned with the second amendment, things that are in opposition to anything esg, the energy industry, second women of the gun n industry. Yes.
oil and guns. okay. So here, some of the companies that the F T. Talked about, there's a company financed a former republican senator Kelly lawler, and trump son, down from junior called public square, which is trying to be like an anti woke amazon as .
if amazon is woke to be in exactly .
that will get into that. But yeah, it's for users to value, quote, life, family and freedom and the big source of revenue. Someone called IT, it's like a clara for guns.
Shoot now, pay later. Basically, there are the company that also sells joggers with pockets to conceal weapons. I don't think you can drag with a gun because I would just like drag your pants down too much seems unwise, but I don't think drivers are meant for jogging.
So it's just more of like a casual you're going to the supermarket. You need somewhere to stack. You're gone. You got these cool joggers era. So that's one of the businesses.
Then there's another one called seventy and eighty nine capital that has only one investment and that into tucker carlson. So do we need anti voc companies? And I know you.
but go ahead is the thing. So have two, three years about why these companies are tanking. And the first one is just has nothing to do with politics. So there there are just kind of crappy businesses and support products that are inferior versions of things that already exist.
So if you look at rumble, which is their big conservative video platform, although it's not a big IT, looks like you tried to buy a youtube bath of tmo. It's inferior in every way. It's less usable.
And so a lot of these things are just not good products. And here's the thing. I do think that consumers will buy products that they're politically allowed with if the products are good, but they won't accept an inferior products, sorry, for political reasons.
Well, the other thing is that it's not hard to find conservative content on youtube. It's not hard to find pants that you could fit a gun in at many, many places.
Oh, really, I imagine I that's true if this .
seems to be a solution and search of a problem, which I think is also why these companies are not doing particularly well.
Also the way that particularly the Crystal right will fit that they'll lie on to something that completely innocuous and egon stic and decide that there's you know moral element to IT or something like that and you know theyll go back and force about IT. And i'm thinking specifically, I grew up in the southern bst community, and my family was said in rab. duce.
And there is yoga studio in my hometown that was called yoga for him that had a bit cross. So IT was, you know, yoga for jesus. And IT went out of business pretty quickly because there's the whole southern babis backlash to yoga because people think that it's a different religion that goes against the monotheism that you know they believe in. And with stuff like that, it's just not compatible with, Frankly, capitalism. You're asking people to make purchasing decisions basically on elude association with a set of ideologies is not even like having a strong brand or something you know .
yeah american consumers, they're buying what they wanted buy because they like the stuff. It's not because like I identify as x, so I will shop at why it's like I want a cool pair of jogger so to go to this place or or I want a fleas and maybe I got a pat ona. And for some people it's cool. The paragon ia sort of more environmental or liberal blab a blah. But at the end of the day, primarily it's about they won a nice fleas yeah .
if everything is one company that is actually is successful, it's kind of conservative superos ing. It's a black rifle coffee basically it's run by some veterans. You're very writing very two a or we ended thus black rifle but it's also kind of high and you know grame coffee so and I would wager that probably have the people who buy IT don't even realize what the politics behind IT are. It's like there are the kind of people who think the earth keepers are a hairy potter novel. They're just not that into the politics but they like .
the coffee yeah because we're consumers more than where political actors in this country.
aren't we yeah and I think when you've had companies that have tried to be explicitly on the left but don't have good business models, again, they failed to the idea that people are going to use those products if they're more expensive. No, they're going to use the less expensive products because again, I people are fundamentally consumers.
And what's most interesting to me about this, her story, is that it's reminds us how muggy is so different from being traditionally conservative like we're so long. We've thought of the republican party as the party of business, as the party of free markets, and this is so opposed to that. And this isn't maybe a new idea, but I think it's just a really strong education of that. And just the idea that corporate amErica is seen as connected entirely with being liberal is just such a new and slightly odd thing.
I'm so glad you brought that up. I wanted to talk about IT, and you both brought IT up now because Elizabeth earlier was like weight amazon is woke like it's pretty ridiculous. I mean, a lot of public companies did go through a period and twenty twenty where IT became socially conscious, you know, around George floyd murder.
So I think a lot of this is like the backlash to that, 那 with the perception grew and exploded and like that only took a few months for companies to start like retreating。 And now what you see is companies, if anything, becoming less woke or silent on most social justice issues, like, for example, in twenty fifteen. And companies did make a really big tinct about north CarOlina as bathroom bill, which would have prohibited transgender people from using the bathroom that corresponds with the gender they identify as.
If you remember, that was like a huge push back from companies like sales force and other businesses. And they got that law scuttled at the time. Well, now fast forward to twenty twenty four.
There's dozens of these like any transport similar to that north Caroline, a one from twenty fifteen companies haven't yet a word about IT. It's just a totally new environment. And the the thing that these, to quote, anti work companies are trying to solve has kind of already been solved. Like corporate america, if they were ever socially aware.
has retreated. My thesis is these companies change very much at all. And and you know what they did is you re package existing diversity initiatives, as you know, officially dei whatever, and where they made social statements. I don't think they've really been much more vocal than they have in other periods of big political change. So I just don't see much big structural change at any of these companies, especially if there of a certain size.
I do think that part of the reason why, uh, republicans are are trumpets in particular baffle that some of their initiatives are not as successful as they would like them to be is because theyve told themselves this story for decades that republicans are Better at business or are Better on the economy. And in a lot of respects, these simply aren't. But also a lot of american culture is manufactured out of liberal institutions, and that drives a lot of consumption.
And partly because, and this is another thing where I take the right, some of their grievances are really projection. They complain a lot about free speech, but the trumpet movement is very sensorium, especially when IT comes to things like pop culture. So, you know, if you're going to make movies for, say, the Christian, eventually, alright, what you can do is very narrow.
And so it's harder for them to sort of control the cultural environment when most of what they're interested in doing is narrowing IT significantly. And so when you look at people's consumption habits, you know how many twins buy things because Taylor swift made them popular. They're just aren't analogs for that on the far right because they're not willing to or two large audience, they want to drive consumption choices by forcing them IT .
almost seems to me to that when people are referring to a company being woke, when they're often more referring to is individuals who are most associated with that company. And IT is probably true that business leaders today at a lot of major places, Frankly, are more liberal than would have been the case in the past.
Yes, I recently wrote about a study of that. I think that looked at like political terminations inside big companies. And they do have a liberal bands not at the top top, not at the C. O level, but at the sea suite, an executive level below, especially there husband move left in companies. And that kind of make sense because we know college educated people tend to be more libel right now, more democratic, right? And college gic kid people are the ones at the top of these big companies.
Also, we know more about what he is. Think on every topic because the way media works now, you know, they all get up in tweet in forty years ago, you wouldn't have have an idea of what these people's personalities were even like. So of course you're going to learn more about their political views.
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Now at career's dot, bank of amErica dot com kobe, right, twenty twenty four, bank of amErica CoOperation. So we move on to the numbers around. And I do have a number.
This is I should just say, fields is coming back next week, and we are happy to having back, but we are sad to see you go. So hope you come back a lot, anna. I I would love .
that IT has been really great being here, and i'm sure everyone, we've very excited to have feel back, but I will definitely miss doing this every week. IT has been a lot of fun. So my number is based on the fact that since I have moved to london, IT has just fascinated me how insane global this city is.
Like I lived for many, many years in new york, and obviously new york is a global city, but united states is also a very large place. So a lot of the people I would interact with work just from other states. And here I am constantly meeting, and so many of my friends, people that work with are from other countries.
I was curious. So I just set down and I listed the number of different countries that people are from that I have met in a meaningful way in roughly five months. It's thirty nine.
Wow, it's a lot.
Yes, like that. Incredible.
right? And it's like every time i'm telling a story to somebody that would be like the group will have at least four different nationalities and it's it's Frankly really cool. And I think it's something that maybe people in united states don't entirely understand about other places and I think especially london because number one, the countries are a smaller here.
So you're going to have people from a lot of different places. But I also think because of history, OK in lots of different reasons that there's just an incredible amount versy, and it's a little bit of different type of diversity than where I was the united states. And I just spent fascinating, honestly.
Lizz, what's your number?
My number is one hundred and thirty nine and thirty dollars. And for one hundred and thirty to nine hundred dollars, you can preorder a kit off of kick starter that will make you a tiny robot that exists solely to put butter on your food.
And this, the idea from this comes from rick and morty, which is an adult swim where the plot line is about matt scientist, whose very dry anastacia and is constantly going on adventures with his grandson, son. And in this episode, the grandson's dad is not that right. And the grandson has to do is sence project.
And the dad said as well, you know, traditionally, science projects are a father and sun activities. And then the grandfather whose the scientists as well, scientifically traditionalists, are idiots. They start arguing about IT.
But while they're arguing, the scientist is putting together, literally starting together, a tiny robot. The robot takes a sticker button fix IT up, rose IT over to the pancakes and drops IT on the pancakes. And then IT looks up at its creator and says, what is my purpose? And rick, the scientist says, to pass the butter.
And so the robot kind of turns around, goes back, pass this some more button, looks at him again and says, what is my purpose? And rick says, to pass the button and the robot looks disparagingly at its arms and says, oh my god and so this has become a meme around existent al futility that has been on the internet for like six years. And this is why the robot exists now.
But it's actually a acute stem toy. You know, if you have a kid to us in the robotics, because IT will respond to voices, has a kind of magic ebl feature that will give you advice. There is little camera and the remote, so you can send IT around to play with your pets and stuff like that. But I just thought the idea was great way.
So IT passes the button.
does IT spread, does not spread the butter, just has two mechanical arms that kind of pick up and not a pat of butter. IT picks up a whole stick and butter. And max IT on your .
pancakes cause how do you want? I love that. My number is five hundred and eighty seven thousand eight hundred dollars.
Five hundred and eighty seven thousand eight hundred dollars. That is the minimum salary that jensie considers makes you financially successful. So that's over a half a million dollars of salary per year. This from a survey from empower.
They do these kinds of surveys where they asked, like, how much money do you need to be happy? This one was what incomes you needed to be to consider yourself financially successful bombers said, one hundred thousand dollars. Millennial said at one hundred and eighty thousand dollars jex two hundred and twelve genes, again, over a half million dollars.
What are people who work in media say, what's the number? Like there was seventy five. I just got an .
email today that was like the reason the media didn't see the Harris lost coming is because they thought the economy was good because they're all rich, all the journalists .
and I that's true. Um so I don't know what's .
up with this number, why jensie has so much of a higher standard. I think if you wanted take IT seriously because maybe they were trolling in the survey there you know said some wild number, but maybe this is alister because these people are Young and there is inflation. They've just live through this, like in saying inflation. And I bet you in thirty years, that will be the minimum amount of money you need to be considered successful.
I blame internet influences.
I was just going to say that .
and kids are like nine or ten go on tiktok and they see all these influencers who are showing like all these lobs or goods that they're buying. And they are like bragging about how much money they make. And yeah, kids, my son, age nine, developed the idea that first, all anybody can do this in second, all that this is a reasonable amount of money for somebody to make for during self hie videos and tiktok all the time. Yeah, I guess.
But bombers think it's just, I mean, IT wasn't even one hundred thousand for boomers. IT was nine one thousand nine hundred dollars. They're like, what you need a dollar, get you a coke and a Candy bar. You have changed left over to see a film like that. I just don't know how much things cost either.
And there twenty and thirties and mean something to say. You had a six figure salary that that sounded like just insane amount money in one hundred and eighty eight if you were thirty two.
Yes, I do think bombers do still buy things to be .
something they do fine.
I've seen them. My number could have been six point five million dollars, which was the Price paid for a piece of art works that is a banana tape to a wall. But we are leaving that for next week and for feel examine to tackle. That's a for a show today.
If you have thoughts, commends, want to tell us how much money you need to be considered successful, Better ideas for any what businesses thought about and are send them to slate money at slate that com if you're a plus number, the fun doesn't need to end. You can find a special extra segment in your feed. We are gonna talk about if we really need to clean.
Maybe this is the solution to everyone's problems. Just stop cleaning your house that's in your feet somewhere else. You can go up for IT right now thanks to shine a rock and just in Milly for producing and any pack. And on behalf of antimatter and Elizabeth spires, thank you for listening. And we will see you back here next week on.