Bezos Wants No Income Tax, Meta Cuts 8K Jobs, IPO Boom | GCP 1006

Group Chat News is back with the hottest news of the week including: - Meta cuts 8,000 jobs as Zuck pivots the company hard toward AI - Andrej Karpathy joins Anthropic and what it signals about the AI race - SpaceX IPO drops June 12 — and what Peter Thiel walking away with $80B means - Anthropic, OpenAI and the SPV chaos behind the next round of mega rounds - San Francisco's "AI depression" vs LA's quality-of-life money culture - Jeff Bezos on CNBC pushing for no income tax  - America's #1 pizza chain  - Las Vegas struggles for the middle class as $200 all-inclusive packages return - USA vs Paraguay Club World Cup tickets are dropping  -Plus much more!   Drop us a review and a 5-star rating if you're rocking with the show.    

Group Chat News is back with the hottest news of the week including: - Anand returns after 6 weeks dealing with two serious infections - The AP Swatch collab and what it means for luxury strategy - G-Wagens taking over LA - Laurel Supply, Bristol Farms, and the elevated grocery wave - How clipping democratized brainwashing - Trump's historic trip to China with America's biggest CEOs - SpaceX IPO and the SPV chaos coming - The South Bay tax revenue California lost - Berkshire switch up - Is insider trading how the wealthy actually operate - Pokemon lines wrapping around Gelson's

Group Chat News is back with the hottest stories of the week and a special interview with Michael Katz, founder of Trove and longtime mentor to Dee, to talk about the explosion of the trading card and collectibles space. Michael breaks down how Trove is reinventing pack opening as a digital experience with real graded cards, why physical assets are having a moment, and what's behind the cultural shift that put card ripping on the red carpet. The guys go deep on the LA mayoral race and Spencer Pratt's surge, The market section tackles GLP-1 drugs as the biggest consumer shift in a generation, the collapse of junk food categories, the rise of Erewhon and Laurel Supply as the future of grocery, and the case for being long assets right now.  TROVE 20% OFF YOUR FIRST PURCHASE: Download the Trove app from the App Store or go to trove.xyz and use code DEEGEN20 at checkout. 20% off, one per person, up to $50 off.  

Group Chat News is back with the hottest news of the week including, modern fatherhood would be unrecognizable to a 1950's dad, Historically every single time the market hits a P/E of 23, the next 10 years returned between 2% and -2% annualized,Spencer Pratt just hit a 28% chance to win the Los Angeles Mayor race,GameStop CEO Prepares Takeover Bid For eBay, Monthly Trading Card Volume by Year, and much more 

Group Chat News is back and we got the hottest news of the week including Spencer Pratt is now polling second for LA mayor behind a socialist and we break down why a reality star might actually be the right pick for the city right now. Nick Shirley kicked off a whistleblower wave and we think fraud detection is about to be the next big YC batch. LAUSD is spending $45K per student while California school enrollment drops over 15 percent. The UK as a 51st state would land below Mississippi on wages. China's GDP went from 78 percent of the US to 64 percent and we get into how the one child policy and going after their wealthy entrepreneurs cooked them. Nike rolled out a Boston Marathon ad that said runners welcome walkers tolerated then pulled it after backlash. We get into pace shaming, why every kid needs to learn how to lose, and how brands get stuck in a stretch where they cannot do anything right. Plus 56 percent of Gen Z women now have tattoos, and the Customs and Border Protection portal opens tomorrow at 8am ET to refund $127B in tariffs to 82 percent of US importers. If you imported anything since last April, get on it

Group Chat News is back  1001 and still going. This week: the Masters broke every record with Rory's comeback. Online gambling is out of control. LIV Golf winding down as Saudi money dries up. Uber's AI budget produced nothing and big companies are rethinking the spend. S&P at all-time highs while Buffett sits on $300B cash. Allbirds became a meme stock. Zuck moved his desk. SpaceX SPV drama. Corporate lawyers getting quarterback money. American luxury thriving, Gucci bleeding, global luxury demand disappearing. Boomers have $90T and every spring break reservation. TMZ set up shop in DC.

Group Chat News is back with episode 1000! One thousand episodes. Nearly nine years. And somehow we're still here. Dee, Anand, and Drama celebrate the milestone by looking back at how it all started, the eras the podcast has gone through.  Thank you to all the Kathys who have listened over the years  Heres to a 1000 more

This week on Group Chat, Zach White returns and the crew goes deep on Nike's earnings disaster and why the brand has become culturally irrelevant. From losing China to getting outpaced by Salomon and Arc'teryx, the guys break down what went wrong and whether the Swoosh can recover. OpenAI just acquired TBPN, a tech podcast, for a reported $200M+ after only 18 months. The crew breaks down why 70K viewers of the right people is worth more than millions of the wrong ones, and what it means for the future of media acquisitions. Kanye sold out two nights at SoFi for the first time in LA since 2019. 45 songs, Lauryn Hill, Travis Scott, and $18M on night one alone. Is cancel culture officially dead? The crew debates what it means when the most controversial artist in the world sells out the biggest venue in the city. Plus: the Artemis moon launch, the moon landing conspiracy debate (the crew votes), a GCP fan builds a SaaS product from a pod tip, Dee builds a baseball swing analyzer on a Duffy boat, and Venice is the new West Hollywood.

This week on Group Chat NEWS, a Wall Street Journal deep dive reveals 400,000 Americans are now worth over $30 million and the number is climbing fast. The guys break down what that means for the economy, why a real recession might be impossible, and how the $90 trillion boomer inheritance is about to reshape everything. TikTok is launching its own TV shows, and the crew can't help but point out that Jeffrey Katzenberg and Quibi had this exact idea seven years too early. Short form premium content is now the norm, and China's numbers prove it. Tiger Woods flipped his car again in Jupiter, Florida, this time with a DUI charge. The guys debate whether anything actually changes for him professionally and why certain icons get unlimited passes. The average age of a US gamer is now 36 years old. What does that mean for kids on headsets, for the culture, and for dating? Anand shares an emotional recap of Colin Farrell's event in Pasadena for special needs families and what it meant to his family personally. Plus: Drama is funding a social experiment, Javi has the wildest story of the year, and Dee finally settles the $350 baseball bat debate once and for all. Group Chat is a weekly podcast breaking down the biggest trends in business, technology, fashion, sports and more! Hosted by Dee Murthy, Drama aka Chris Pfaff and Anand Murthy  successful entrepreneurs with honest perspectives.  

Dee and Anand are back with a midweek episode packed with big stories. OpenAI just shut down Sora — their viral AI video editing app — and Disney pulled their billion dollar investment. Is OpenAI spreading itself too thin while Anthropic quietly wins the AI race? The guys break down why the cost structure of AI doesn't make sense yet and what needs to happen for it all to click. David Goggins just re-enlisted in the Marines at 51 years old. The Army raised its enlistment age to 42 and the internet is losing its mind. Is this patriotism, content, or both? And what does it mean for military recruiting when the biggest thought leaders of young men in America start signing up? Meek Mill went viral for pushing AI in underprivileged schools, got clowned on the internet, and then got personally invited by a top tech executive to make it happen. The guys break down what the moment actually means and why Meek Mill might be onto something real. Plus: The NBA is losing America and nobody wants to admit why. A 20 year old just won $3 million from Facebook and YouTube for childhood social media addiction — and every personal injury lawyer in the country just took notes. Blackstone drops $1.4 billion on an Indian cricket team. And why every billionaire in LA is suddenly obsessed with sleep. A packed 997. Episode 1000 is coming. 🎁 Ales Grey x Walmart BOGO Deal is still live! Buy the Ales Grey Pro 3 on Walmart.com Screenshot your order DM the screenshot to @alesgreyfootwear on Instagram Choose your free pair — black or white colorway One week only. Don't sleep on it. 🎙️ Group Chat Podcast drops every week — subscribe so you never miss an episode.