Meta's $17 Billion Wrist Slap, Dick's $2.4 Billion Mistake, The Robots Are Coming | GCP 1025

Group Chat News is back and it's birthday week around here. Dee just turned 46 and, in his words, his body is weary. That kicks off a conversation about hitting the back half of life, why time doesn't feel precious until friends start passing and your kids start growing, and whether younger people are actually living their lives or just watching everyone else live theirs. Then it's BTS selling out four nights at SoFi, Kanye in Chicago, and the argument that some artists get so big nothing can touch them, plus a whole generation of kids discovering Michael Jackson for the first time. With Anand's birthday landing on September 11th, the guys get into the new Netflix documentary about how a generation that wasn't alive for it understands that day, whether it was the last time this country was actually unified, and how much of what we live with now traces back to it. That leads into surveillance. Flock cameras solving crimes in cities across America, Joe Rogan sounding the alarm about cops abusing access to them, and the uncomfortable truth that most people will trade their privacy for a shorter airport line. On the money side there's a real enrollment crisis. LAUSD is down 50% in a decade, Syracuse now costs $69,000 a year, and the argument here is blunt: let the colleges fail. Then a pitch for the tech elites. Build the modern campus, charge 1995 prices, give them a football team, and earn back some trust while you're at it. Plus Nike gets removed from the S&P 100 after eighteen years, Nvidia is now 8% of the entire S&P 500, and everything that isn't AI is getting punished even when sales are up. And of course: fantasy football, whether data ruined the draft, NIL, and why you should fire the dean if you lose your quarterback. Group Chat News, every week. If you enjoy the show, please leave us a 5-star review on Apple or Spotify. It helps more than you know.

Raissa Gerona and Michael Mente of Revolve are back on the show — two of the podcast's oldest friends, in the room together for the first time in a while. Michael talks about the move to Vegas and what it's like running a company with your co-founder two states away after nearly twenty years side by side. Raissa gets into her new role as President of Brand and Partnerships, why she asked for it, and the friend who told her over dinner that presidents don't date presidents. From there it goes everywhere. The fake NFL player who convinced dozens of people he was on an NFL roster and is now facing federal charges. Why nobody can tell who's real anymore when a watch, a car, and a house can all be rented. What "cool" even means when everyone has the same handbag and takes the same trip. Discovery ranches in Idaho, Nantucket in the summer, and why the best version of luxury might just be who you're with. Plus the guys get into AI, agents, and the robot that makes pancakes. Group Chat News, every week. If you enjoy the show, please leave us a 5-star review on Apple or Spotify it helps more than you know.

Group Chat News is back with the hottest news of the week including Meta agreed to pay $17 billion to 47 states to end the landmark trial over teen social media addiction and the stock went up. The guys get into why a record setting settlement paid out over ten years barely registers on a company this size, why the Big Tobacco comparison falls apart when you look at the numbers, and whether the new safeguards Meta agreed to will actually change anything. Time caps, overnight blocks, no notifications during school hours. The case for optimism is that a kid who never builds the habit never gets addicted. The case against is that nobody enforces any of it. Then the robots. China staged a robot Olympics, and the argument is that it was the smartest piece of marketing the country could have run get the whole population cheering for the machines before those machines start taking jobs. That leads into the argument about whether AGI is actually here, a $1,000 bet over how long before a robot unclogs your toilet, and the only AI use case anyone can agree is worth having: making an insurance company answer the phone. On the money side, Dick's Sporting Goods had its worst day in three years, down about 30% but the core business is growing. The problem is the $2.4 billion Foot Locker acquisition and a sneaker market that's gone quiet. Plus why billionaires should stay off the internet right now, why sports teams have become tax shelters, and what these new owners are getting wrong about the cities they just bought into. Crypto ends the episode with the most bullish structural change in years. Group Chat News, every week. If you enjoy the show, please leave us a 5 star review on Apple or Spotify it helps more than you know.

Group Chat News is back with the hottest news of the week On this episode we discuss: Why Manhattan Beach is what everyone thinks they're moving to when they come to LA Entering your Meta era and yelling into your sunglasses Everyone suddenly plays golf and won't stop posting about it 70% of America hates AI and the CEOs aren't helping Is scaring everyone actually the strategy? Why your power bill went up but your TV got cheaper What are you actually doing differently than your parents? Whatnot raised at $23 billion and the collectibles boom is real Inside the National, the biggest card show in America Somebody pulled a $5 million card rippin packs Your parlay is playing against a hedge fund that only needs to be right 54% of the time The boomers had discipline and nobody wants to talk about it Rented cars, split mansions, and why Instagram tells you everyone is rich but you And much more! If you enjoy the show, please leave us a 5-star review on Apple or Spotify — it helps more than you know.

Group Chat News is back with the hottest news of the week including:   Why Dee disagrees with everything Zach said about the next 18 months Has San Francisco brainwashed everyone into fear mongering? SpaceX is basically Verizon Anthropic projected at $400–500 billion next year Is there a finite amount of money in the world, or unlimited money? Why Waymos will never make it to every corner of the earth Lovable going from zero to a billion in ten months Mark Walter sells the Lakers to Josh Kushner and Bob Iger for $12.5 billion How insurance float works, and the federal investigation into Walter's insurers The sports team tax loophole nobody talks about Should we start a professional little league team? Ro Khanna's 5% wealth tax and the problem with taxing illiquid founders Does AOC have a real shot in 2028? Why data centers actually lower electricity costs in the communities that get them Rich kids are skipping the Ivy League for SMU, Vanderbilt, Alabama and LSU Would you rather be the smartest kid at Harvard or the guy in the striped polo at LSU? The most successful adults were never the kid who focused on one thing Shannon Elizabeth made a million dollars in nine days Mississippi fourth graders are outpacing Berkeley students Palisades Village reopens 19 months after the fires And much more! If you enjoy the show, please leave us a 5-star review on Apple or Spotify it helps more than you know.

Group Chat News is back with the biggest stories of the week including... Zach returns to break down what he's seeing inside San Francisco, why he thinks you have about 18 months to get really rich, and what happens to everyone else. Plus Zuckerberg spars a UFC fighter on a barge in the middle of Lake Tahoe, and Kai Cenat and Speed attempt one of the hardest challenges in gaming. This week's Group Chat covers: Zach's take from inside SF — and why his timeline keeps getting shorter every week "You have about 18 months to get really rich" — and then what Why less than 25 people on earth are using AI to its full potential The company running seven employees and three agents at 300 pull requests a day Agents that proactively fire contractors and stand up their own businesses Can an entrepreneur still spot the gap on a Target shelf when P&G has infinite data? Taste as the last human advantage — and whether that holds Purpose, meaning, and whether people need hard things given to them The optimistic case: UBI, Waymos, deflation, and everything just getting cheap Zuckerberg vs. Merab Dvalishvili on a barge sparring Kai and Speed's hardcore Minecraft marathon, and why the clips matter more than the game Parasocial fame, the chat as a Pavlovian loop, and how streaming ends And much more! Drop us a 5-star rating and a review if you're rocking with the show.

Group Chat News is back with the hottest stories of the week, including why movies are suddenly back with [Spider-Man clearing ~$1B globally in its opening weekend], Jonah Hill announcing he'll annihilate anyone who calls him the fat funny guy from Superbad, and the [$2.2B tariff refund Apple just got] that isn't showing up in anybody's prices. Plus a 25-year-old who ran a fund to $45B and got margin called on his wedding weekend, Elon saying money will be worthless by 2036, and colleges quietly spending endowment money that donors thought was going somewhere else. This week's Group Chat covers: Movies are back — Odyssey, The Invite, and two theater trips a month Why streaming is losing — no Stranger Things-level show to stay home for [Spider-Man's ~$1B opening weekend] and the flight to quality Jonah Hill says he'll beat up anyone who calls him the fat funny guy from Superbad White belt confidence, early martial arts syndrome, and why the guys still think everyone should learn to fight LeBron, Kevin Hart and Rich Paul golfing at [Sherwood] — and how nothing stays secret in LA [The Supreme Court overturning the tariffs] — and the refunds companies are getting back [Apple's $2.2B and Amazon's $640M] — the rocket-feather effect and why prices never come down Why this is exactly the story that makes socialism sound good to everyone else Mamdani, cheap bananas, and capitalism's optics problem The Elon trillionaire headline that made rich people feel poor [Elon telling the BBC money will be worthless by 2036] The friend who took a huge AI job — and called depressed about what he saw under the hood The nuclear bomb argument: everyone gets the robots, so nobody sends the robots [Leopold] went 0 to $45B in 18 months, then got margin called on his wedding weekend Ken Griffin and Citadel on the other side of the trade... again Zero day options, prediction markets, and why nobody holds anything for four years The new crop of 25-year-old gunslingers who'll run the next Blackstone Colleges are dipping into endowments to pay overhead — and donors are finding the money gone Why most colleges don't survive the next decade Critical thinking as the only skill that matters now And much more! Drop us a 5-star rating and a review if you're rocking with the show.

Group Chat News is back with the hottest stories of the week and a returning guest Greg Goofried a CAA agent who's been in the creator business for years, from his UTA days to running one of the biggest creator companies in the world. The guys go deep on what creators actually get paid, why the biggest names in the business are people you've never heard of, and how the whole space turned into media companies while Hollywood wasn't looking. Plus the Department of Education's plan to hold colleges accountable, Arizona State's new influencer degree, and the average date night in America hitting $189. This week's Group Chat covers: Why livestreaming skews young and male — the male Love Island theory, Twitch's gaming roots, and unpoliced platforms vs YouTube iShowSpeed as a global phenomenon, and the categories agents won't touch Who actually has staying power — Jake and Logan Paul, MrBeast, Emma Chamberlain, Alix Earle, Jake Shane The real job: six days a week, 50 weeks a year, and comment sections that break young creators Why the algorithm rewards meanness, and why older people thrive on social media Creators are media companies now — taking bites out of Disney while big media still owns the $100 billion TV ad market Matt Damon vs. the creator economy — the script and the director vs. audience aggregation, and why the money is closer than you think The advice for anyone starting: find a niche, then get on a platform that actually pays you The Department of Education's accountability push — programs whose grads don't out-earn high school workers could lose federal student loans Arizona State's influencer degree — 160,000 students and a diploma that requires proving real follower growth The average date night in America is now $189, up from $168 last year — and why nobody's dating Odyssey in 70mm IMAX — [25 US theaters, 41 worldwide] and the family that drove 900 miles round trip to see it Why your music taste freezes at 33, and the catalog deals betting on it Del Taco named the #1 fast food chain in America — over In-N-Out, Chick-fil-A, and Raising Cane's

Group Chat News is back with a special guest Rohan Shah, co-founder of Extend.com, the platform doing over $1 billion in GMV making extended warranties actually work for retailers. The guys go deep with a true Silicon Valley insider on Google's monster earnings, how tech billionaires really spend their money, why NFL teams might be the safest asset in America, and what's actually happening inside companies spending big on AI. This week's Group Chat covers: Rohan's path — Harker, Stanford, and building Extend into a billion-dollar GMV business Silicon Valley's prep school pipeline and the public vs private school divide Inside enterprise AI spending — big token bills, unclear ROI, and why "we don't know yet" is the honest answer The AI job-loss story that went in reverse — companies that cut heads are rehiring Apple's patience play — keeping cash on the balance sheet while everyone else spends trillions Rohan's stock picks — memory semis, nuclear and energy infrastructure, mining, Google, DoorDash, Meta Google's monster earnings — a $9 vs $2 beat, $99 billion in other income from Anthropic and SpaceX stakes, and the stock still dropped The Khosla family, the Seahawks, and the NFL's first Indian owner Why NFL teams might be the safest investment in America — "the Cowboys will outlast all of it" Trump accounts, custom ETFs, and kids treating stocks like baseball cards Why Silicon Valley doesn't build libraries the robber baron playbook vs "changing the world" Gambling ads on every screen what we allow now that we'd never allow for cigarettes And much more! Drop us a 5-star rating and a review if you're rocking with the show.

  Group Chat News is back with the hottest stories of the week. Spain takes the World Cup, a free Chinese AI model just got rated #1 in the world, and the guys break down the Trump Accounts revolution — why every kid in America getting $1,000 in the market might be the biggest wealth-creation story in decades. Plus 550,000 people are now worth $30 million or more, Netflix gets hammered, fat cats are getting Ozempic, and Tom Brady has a problem. This week's Group Chat covers: Spain wins the World Cup — Argentina's dirty play, the $15 billion FIFA haul, and the Cup coming back to America Kimi — the free Chinese AI model rated #1 in the world that just maxed out its GPUs Fable 5, ChatGPT 5.6, and the AI model wars: what's anyone's moat anymore? The valet test — why 99% of small businesses still haven't spent $20 on AI GLP-1s for pets — fat cats, Ozempic, and the $200 billion pet economy Netflix down 30% — great company, hammered stock, and the Home Run Derby nobody could find Why all the capital is crowding into AI and semis while everything else gets abandoned Trump Accounts — $1,000 for every kid born, 6.5 million families signed up, and the app designed by Airbnb's co-founder Brad Gerstner's masterstroke and using the S&P 500 to save Social Security Stock is the new charity — why billionaires should give shares, not donations 550,000 people are now worth $30 million+ — up 14% in one year Fanatics Fest, the Tom Brady problem, and what his advisor should tell him And much more! Drop us a 5-star rating and a review if you're rocking with the show.