Bob Iger’s Bad Day, Trump Media’s Fraudulent Auditor, & Uber’s Venture Investments | Prof G Markets

This week on Prof G Markets, Scott shares his thoughts on Disney and Warner Bros. Discovery’s latest earnings and what they mean for the streaming space. He then reflects on the implications of Trump Media’s auditing firm being charged with fraud. Finally, Scott and Ed discuss Uber’s Q1 earnings and why the company swung to a major loss in the first quarter.
Order Algebra of Wealth now!
www.amazon.com/Algebra-Wealth...
Timestamps:
00:00 - This week's number
00:28 - Today's episode
02:19 - Market Vitals/Headlines
17:54 - Bob Iger’s Bad Day
25:06 - Trump Media’s Fraudulent Auditor
30:55 - Uber’s Venture Investments
37:44 - Week Ahead
37:54 - Prediction
Subscribe to The Prof G Pod on Spotify
open.spotify.com/show/5Ob5psT...
Want more Prof G? Check out everything we're up to at
profgmedia.com/
#business #news #tech #finance #stockmarket #profg #scottgalloway #profgmarkets #earnings #stocks #disney #warnerbros #discovery #streaming #trumpmedia #trump #donaldtrump #auditingfraud #auditing #uber #lyft #q1result #firstquarter

[@thekingofallblogs]

Ed had the most interesting take. The largest companies are morphing into the same global cloud business and trying to control the "rails" everyone else will use.

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@sdk58]

Exactly. And ProG commenting that only those companies with billions and billions of dollars just sitting in their deep pockets, and only these companies, will be able to build these data centers. How many are they planning to build? Who supplies these data centers? Cooling systems...who makes them. Not to mention the chips they'll need to fill these centers. Lots of players in this. Exciting times.

[@bondi5000]

Great show chaps!! Just dont forget us early fans when you hit #1! 😂

[@haroldcheeseburger]

We knew how great you are. We are like the Nirvana fans before Smells like Teen Spirit came out. Early Galloway Adopters Club™️

[@mastradamus1]

I'm continually impressed by Ed's analysis. Right on, man! Dawg is of course always a G

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@a_lot5163]

Saw the TED, good stuff!

[@quartqwertbudisgood]

.

[@ericwood3709]

So glad that Scott called out shamelessness on the part of scumbags in politics as some bizarre superpower. I've been noticing it but had not heard it pointed out and described yet.

[@haroldcheeseburger]

I love this music you put on here.

[@theProfgShowscottgalloway]

Thank you ❤ checkout our clips and highlights too

[@EM-ky8tu]

Small point but not sure why Scott said the US is the leader in renewable energy? China leads in both production and installation, but maybe he is referencing a specific cut of the data that I haven’t seen

[@fastdollar1]

Where did he say that on the pod, do you have a time stamp? He talked about the US being a lead energy exporter but he didn't bring up China on that segment. He was comparing the US to Japan.

[@EM-ky8tu]

Yeah, 7:40-7:46. Not trying to nitpick too much - all sorts of ways to cut the data but that stood out as either something I hadnt seen or a slightly incorrect data point (maybe he meant total energy, not that the US was leading in both FFs and Renewables)

[@joekerr3638]

Do you include nuclear energy as renewable energy?

[@EM-ky8tu]

For the most part, yes! (Good Q) But looking at Ember data, china produced more than 3300 TWh in 2023 (nuclear & renewables) whereas the US only produced 1700 TWh

[@samelmudir]

Probably in terms of finance, not units sold in terms of EVs, batteries, solar panels...

[@HelmutRockstroh]

Ed’s brilliant deadpanning at 1:56. Respect!! 🤣 Makes the show.

[@GregCurtin45]

I don't understand why Pivot is way down in podcast rankings? Much of what I hear on the Monday episode was already discussed on Friday's Pivot show with Kara.

[@niaz_ahmed]

Prof G hits the spot

[@IOFLOOD]

Regarding datacenter supplier companies, theres: Eaton, Schnider Electric, Vertiv, Cummins, Caterpillar, Starline, off the top of my head. Basicallty, electrical gear (transformers, breakers, distribution panels, bus bars, UPS, generators), and cooling. Maybe Tate for raised floor. Samsung and LG for lithium batteries. Evapco for cooling towers.

[@oohookoo]

Yeah yt algorithm promoted the TED talk, which I thought was excellent btw, please keep it up. Its everyone's data (photos, text, gps track, voice, everything) that makes 'compute' valuable. I think the amount of data gmail harvested gave google a taste of how valuable data could be and whatever year google shit canned Picasa was really the beginning of the end... Thats my 2ents and really does break my heart to have seen it.

[@valetudo1569]

I think Scott's perspective on the ultimate conclusion makes a lot of sense from an American perspective, however, as an American in China who really delves deep into the knit and grit of the countries policies/ideology both past and present - I think its unlikely. The current leadership (which is basically one man) is highly ideological and unsophisticated. They/he would very much rather let Byte dance lose all of that money and not allow the sale of tiktok for the sake of not being seen as complying to the US demands. 100 bill (the estimated valuation of Tiktok) Might be a lot of money to Byte dance, but not a lot of money to the CCP as a whole.

[@jamesconkle9158]

6:20 Sounds like a good reason to be a RNDR / RENDER node operator. Not sure about speculating on the coin but would be good to be a part of that infrastructure.

[@mmm-cake]

Love a good baguette

[@JaredFarrer]

Dude since I heard you guys last we had a high risk we had barnsdale tornado we had biggest solar storm in 25 years we had list goes on.

[@indianajones3315]

Pretty sure a solar storm doesn’t cause or correlate with carbon emissions on earth.

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@ErickOberholtzer]

5:00 Absolutely fantastic point. I would be curious how much collusion goes on behind the scenes.

[@theProfgShowscottgalloway]

checkout our clips and highlights for quick information on content

[@mousquetaire86]

Yanis Varoufakis expounds on that idea in "Technofeudalism"

[@paxdriver]

15:24 imho you got tik tok all wrong here. There is no 1st amendment for reach, first amendment is for speech. People are still free to speak without tik tok, tik tok is a reach platform.

[@darbyallenshea3826]

Why is this what I watch when I’m bored?

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@MarcioSouza1]

Scott for President. Will post in every video until it catches on.

[@lqpbq]

Shamelessness is the new superpower. Brilliant. Love it.

[@louiseobrien2010]

A lot of free to air channels are offering free online streaming for their channel. I am thinking paid streaming services are going to struggle.

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@thomasgaudette7367]

Someone needs to step in and apply the Apple Music business model to streaming. Let the best content win

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@llundber]

Having been a 5 star Airbnb host in NYC I believe the woes are seriously starting for the company. You mention a post covid plateau which may be valid but I’m fairly sure the revolt in big and now medium to small cities against renting properties through Airbnb is gaining steam at an exponential rate. Soon, perhaps 20% of the hosts will be able to endure the massive levees being foisted on them by cities and communities that want to garner significant tax revenues, lower rents for longer term residents and stifle multi property investors/scoundrel landlords.

[@altronauta]

great miscellaneous stuff 🤓👼

[@DividendFactory]

Part of Amazon and Microsoft have become similar to Utilities for Electricity, Water ...etc... Training AI models and licensing these models and the services to run these models, are new Utility types.

[@masonm600]

30:00 it's the Inverse Ninja Law. One ninja is an elite assassin who is a serious threat to our hero. A group of ninjas are cannon fodder to be dispatched quickly.

[@Kingromstar]

He didn't cover home Depot earnings at the end

[@GregCurtin45]

Ed said, earnings of Home Depot will be out next week, and since this is recorded last Thursday he means this current week.

[@thomas6502]

...can't wait to pull up to the pump and fill up with compute instead of gasoline, electricity, or other non-magical word salad... then finally, I CAN drive 55...

[@henrytep8884]

Big tech is moving toward techno feudalism. Yanis farafaukis wrote a book that matches the same description in this video.

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@LPJCP]

Rollerball - the companies end up running the world.

[@Kenneth_James]

Asmongold even reacted to your TED

[@davidsamuelson2089]

None of these companies are investing all of that money for the betterment of mankind, it’s going to be terrible series of events over the next couple of years

[@spanishflea634]

Isn't this Prof G Markets?

[@spacecoyote6646]

All these stocks are going up because the bubble is still inflating. ... POP!

[@theProfgShowscottgalloway]

checkout our clips and highlights for engaging content

[@user-rq3oj8xn6v]

The MOOCH cut bait in 11 days. Least egg on face. Yikes.

[@dingy31000]

Ubers investments are on the public markets so they are basing the mark to mark valuation on whatever the price is of the stock at end of each quarter.

[@spacecoyote6646]

They took an ad break right before talking about Disney streaming profits. The ad was for a Disney production live action Frozen. Let's hear it for the algorithm

[@Olexandr____]

Men movee to London and started making fun of France. That is so.... expected))))

[@bondi5000]

It’s a good trait to be able to laugh at yourself. Us Brits excel at it for good reason. 😎

[@mmm-cake]

Jacques Cusco - Off 🥜🍆✨ 😂

[@sig_7760]

The CCP banned TikTok in China, so what are they complaining about? :-)

[@platoscavealum902]

📈 $ODD 💄

[@Marsubleu]

I stopped listening to the podcast after a few episodes, tired of listening to Scott reading commercials... So ridiculous! At least on KZbin I can listen ad-free

[@HelmutRockstroh]

BRAVE browser with ad block 👍

[@andrewhart8863]

Lolol... Freedom speech trumps national security lolol

[@rexbriggs3251]

Trump is like a mouse trap… i get it, it is his cheese hair. Like the short basket idea.

[@ekimbangola]

If they are abiding by the laws of the land free speech can be invoked. In China things would have been different.

[@andrewhart8863]

Just be clear...I'm ex navy and the premise is quite flawed already...

[@HughJass-jv2lt]

*Free PALESTINE* 🍉🍉

[@adrianr87]

GameStop is currently in the middle of, something. Say what you will, this stock follows none of the rules.

[@Sweet..letssurf]

Short it now

[@joekerr3638]

r/WallstreetBets

[@MartijnDeibel]

Prediction: Elon Musk will buy Truth Social to get Trump back on X. Trump needs to cash out before the Truth Social stock crashes and Musk needs X to regain prominence. What do you think?

[@johnpaulpm]

Why pay when you can just wait it out and get the same result?

[@jpgsf1978]

Forget about it !

[@jannichi6431]

🎉 Congrats. Chartable for my pirtfolio please! Ha adore ya, for years. Young Ed is 🔥 Prif your just a Rock and solid🥌

[@neilmoran9988]

Moonswatch ED