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[91.42 --> 92.74] You know, he's not a 10 thinker. |
[92.94 --> 93.16] You know? |
[93.18 --> 94.14] He's more of a... |
[94.14 --> 95.14] He's more of a... |
[95.14 --> 96.34] 9 thinker. |
[96.34 --> 97.80] As long as it's past the post. |
[97.90 --> 98.16] Yeah. |
[98.16 --> 98.32] You know? |
[98.44 --> 99.20] Past the post. |
[99.20 --> 104.82] All right. |
[105.26 --> 110.44] So, we have got a lot of great news for you guys. |
[110.52 --> 113.98] Why don't we kick it right off with Twitter made money. |
[114.32 --> 120.12] So, this might not sound too crazy, but if you've been following Twitter at all, they have never been profitable. |
[120.98 --> 126.46] Twitter turns a profit for the first time in 12 years. |
[126.46 --> 128.36] And just like so many other... |
[128.36 --> 129.02] Look at this. |
[129.20 --> 129.76] Like... |
[129.76 --> 130.52] Look at this. |
[130.62 --> 131.76] Look at that one. |
[131.84 --> 136.34] They've lost as much as $500 million in a single quarter. |
[136.66 --> 137.58] Oh, man. |
[137.64 --> 138.06] Like... |
[138.06 --> 139.90] What do they do? |
[139.98 --> 142.92] And like regularly, $100 to $200 million. |
[143.24 --> 144.74] They made $100 million. |
[145.42 --> 151.06] Like, they are clearly still many, many years in the hole, but like... |
[151.06 --> 155.20] $91 million profit on $732 million revenue. |
[155.58 --> 155.72] What? |
[155.72 --> 164.30] And there's so many social kind of tech companies like this that just make nothing and burn for so long. |
[164.52 --> 165.14] I don't know. |
[165.28 --> 168.40] Like, Snapchat is actually at the point now where it's like old. |
[168.40 --> 171.86] And people don't really want to use it anymore because it like feels old. |
[172.78 --> 173.18] Wow. |
[173.92 --> 174.36] And... |
[174.36 --> 174.92] I don't... |
[174.92 --> 176.58] I still don't think they're really making money. |
[178.02 --> 180.54] So like, yeah, they didn't really make enough. |
[181.08 --> 183.54] It says here, the profit was modest. |
[183.54 --> 187.50] $91 million on a $732 million in revenue. |
[187.66 --> 189.14] So the profit was $91 million. |
[189.38 --> 189.56] Yeah. |
[189.68 --> 191.44] The revenue was $732. |
[191.98 --> 197.56] Their shares soared as much as 30%, which is the most since November 7th, 2013. |
[197.86 --> 200.54] Did they really go public that long ago? |
[201.26 --> 202.06] It's been a while. |
[202.14 --> 202.84] Like, what... |
[202.84 --> 204.64] See, this is what... |
[204.64 --> 206.72] This is why I don't invest in stocks. |
[207.06 --> 209.20] Because I don't understand it. |
[211.44 --> 214.10] It's basically if you're... |
[214.10 --> 214.28] Okay. |
[215.22 --> 219.98] Now, to be clear, there are situations where I kind of look at it and go, okay, yeah, that sort of makes sense. |
[219.98 --> 225.66] Like, there are companies that pay out a dividend on their profits to their shareholders. |
[226.22 --> 234.32] So if you do the math and you go, okay, well, this is blue chip enough and stable enough that I think that they are... |
[234.32 --> 235.48] What's their blue chip terminology? |
[235.68 --> 236.06] Blue chip? |
[236.24 --> 236.42] Yeah. |
[236.52 --> 241.80] A blue chip stock is like a predictable one that basically rises and falls as the market in general does. |
[241.80 --> 243.76] If you think you're bad at stock, I'm like a tier below. |
[243.98 --> 244.26] Okay. |
[244.26 --> 255.54] So if you look at it and you go, okay, this blue chip stock pays out dividends at sort of X rate and overall we're tracking this and the economic outlook is Y and whatever. |
[255.84 --> 256.42] Because I can't buy any. |
[256.80 --> 257.04] Right. |
[257.32 --> 257.48] Yeah. |
[258.04 --> 259.26] Then you could kind of go... |
[259.26 --> 264.00] And in eight years, I'll have made back what I spent on my stock in just dividends. |
[264.24 --> 265.64] And then you still own the stock. |
[265.66 --> 266.60] And then you still own the stock. |
[266.60 --> 272.04] Like, if there's some kind of math that you can do where you kind of go, oh, okay, yeah, sure, maybe that sort of makes sense. |
[272.04 --> 275.68] To be clear, it's still gambling because it can all still totally be destroyed. |
[275.82 --> 277.04] The company could vanish. |
[277.28 --> 277.40] Yeah. |
[278.12 --> 284.80] But this whole betting on companies that don't make money, that one really confuses me. |
[285.32 --> 286.18] Like, I've always... |
[286.18 --> 293.00] The way that I've always believed in running a business is small is fine. |
[294.18 --> 295.08] Big is good. |
[295.32 --> 296.00] Big is better. |
[296.38 --> 298.82] But profitable is essential. |
[299.14 --> 300.40] I believe in sustainability. |
[300.40 --> 315.18] Everyone who gets hired at Linus Media Group should know that even if I fail in my efforts to go around and get on my knees and do whatever it is that I need to do from my knees, be it like this or like whatever else... |
[315.18 --> 316.32] I don't even need to see what you did. |
[316.32 --> 317.46] With VC capitalists. |
[317.52 --> 327.40] They need to know that even if my efforts to raise money from people who just, you know, don't know what to spend it on fail, they will still have a job. |
[327.54 --> 327.72] Yeah. |
[327.82 --> 328.64] I believe in that. |
[328.80 --> 330.50] I like not being VC-based. |
[330.84 --> 331.56] It's kind of cool. |
[332.36 --> 334.70] Even though Flowpoint sort of is, but in a different way. |
[335.10 --> 335.88] In a different way. |
[337.30 --> 338.42] In a quite different way. |
[338.42 --> 340.24] Yeah, so the way it works is I'm the VC. |
[340.66 --> 340.86] Yeah. |
[343.58 --> 345.54] Which is, I think that's different. |
[345.82 --> 345.92] Yeah. |
[346.02 --> 346.84] It is different. |
[347.06 --> 353.70] The two and I have a long working relationship and like I'm directly involved in the company. |
[353.70 --> 354.06] Yes. |
[354.06 --> 355.76] It's not like... |
[355.76 --> 357.82] It's inside investment? |
[358.28 --> 359.52] That sounds like a bad thing. |
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