willtheorangeguy/2018-WAN-Show-Transcripts

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[3115.26 --> 3115.48] Yeah.
[3116.54 --> 3117.60] Have you heard of...
[3117.60 --> 3117.74] Okay.
[3117.84 --> 3119.42] This is...
[3119.42 --> 3123.46] I do not recommend going there.
[3123.46 --> 3126.62] I would never recommend going there.
[3126.80 --> 3135.82] And it takes a bit of willingness to read terrible, horrible things to be able to go there.
[3135.92 --> 3138.60] But there is a subreddit called WallStreetBets.
[3139.52 --> 3141.46] And it's based around...
[3142.04 --> 3145.28] Like, all stock investments is essentially betting, right?
[3145.52 --> 3145.90] Sure.
[3145.90 --> 3148.60] But this is based around, like, hardcore betting.
[3148.60 --> 3153.98] And their idea isn't, like, I'm going to invest so I can have a good life leading forward.
[3154.08 --> 3158.26] Their idea is, like, I'm going to YOLO so that hopefully I either get a yacht or nothing.
[3159.28 --> 3165.10] And, like, some dude is 20 and made, like, $500,000 off shorting Facebook.
[3166.54 --> 3167.86] And he posted about it there.
[3167.98 --> 3171.20] There's also a dude who had a 50...
[3171.20 --> 3173.00] I think it was a $55,000 portfolio.
[3173.30 --> 3176.30] And it went down to $1.2 grand because of this.
[3176.30 --> 3179.60] It's a really interesting read right now.
[3179.74 --> 3183.98] Just fair warning, it gets pretty brutal in the comments and stuff.
[3184.06 --> 3188.82] So just if you have a weak stomach for people being vicious, don't go there.
[3189.18 --> 3193.58] But it's really interesting seeing people who bet super hard on stocks.
[3193.70 --> 3194.86] And then something like this happens.
[3194.96 --> 3196.74] And just seeing what happens.
[3197.32 --> 3200.24] People losing their entire savings.
[3201.00 --> 3203.74] People being completely set up for the entire rest of their life.
[3203.74 --> 3208.30] Just, like, every single thread is, like, whoa.
[3208.62 --> 3213.30] So it's like a live stream of the high roller, you know, roulette table.
[3213.36 --> 3213.60] Yeah.
[3213.84 --> 3214.34] Pretty much.
[3214.40 --> 3214.98] It's crazy.
[3215.28 --> 3217.66] It's a very crazy, yeah.
[3218.38 --> 3219.22] Here's a rumor.
[3219.48 --> 3223.64] This was posted by Aluminium Tech on the forum and the original source is 9to5Google.
[3224.14 --> 3225.54] Fortnite is coming to Android.
[3225.54 --> 3230.16] But it is rumored that it will be a Samsung Galaxy Note 9 exclusive.
[3230.70 --> 3231.06] What?
[3231.28 --> 3231.76] At first.
[3232.22 --> 3235.36] They must have paid so much for that.
[3235.72 --> 3241.92] So apparently it's going to be, so the Note 9, which is set to be announced on the 9th of August,
[3242.42 --> 3246.32] with pre-orders on August 14th and public availability on August 24th,
[3246.90 --> 3250.14] looks like it's going to have Fortnite exclusively for a month.
[3250.14 --> 3255.42] And there was a thread about this on the forum where people are like, oh, what are they, you know,
[3255.80 --> 3256.48] are they stupid?
[3256.60 --> 3258.66] They think people are going to buy a phone just over a game?
[3258.76 --> 3259.14] Uh, yeah.
[3259.82 --> 3260.32] Oh, yeah.
[3260.76 --> 3261.10] Oh, yeah.
[3261.10 --> 3261.46] Absolutely.
[3261.68 --> 3263.50] It's like people are criticizing Samsung.
[3263.80 --> 3267.42] Okay, you can criticize Samsung all you want, but they're saying that Samsung is stupid for doing this.
[3267.72 --> 3267.82] No.
[3267.82 --> 3269.74] And depending how much they paid, which I don't know,
[3270.94 --> 3274.28] depending how much they paid, this might be actually brilliant.
[3274.62 --> 3275.76] It's not inherently stupid.
[3275.88 --> 3276.54] It could be stupid.
[3276.62 --> 3277.26] It could be stupid.
[3277.26 --> 3277.54] Yeah.
[3277.64 --> 3280.02] Like if they paid way too much money, maybe it's stupid.
[3280.42 --> 3283.88] But remember, this is a company that buys Super Bowl ads.
[3284.06 --> 3288.78] So, you know, if they paid $100 million, this is a far better promotion than a Super Bowl ad,
[3288.80 --> 3289.82] if you want my honest opinion.
[3289.94 --> 3292.60] And you were just talking about like it might actually influence their decisions.
[3292.90 --> 3295.80] Think about if you're on a contract, how subsidized your phone is.
[3295.84 --> 3297.36] It's just a bit of money, right?
[3297.74 --> 3302.82] So it's probably like $150 decision, but they're all going to be about $150 or $0.
[3302.82 --> 3311.48] You pick this phone, you get Fortnite, and you get the decision between wireless AKG headphones,
[3311.80 --> 3312.78] which is sweet.
[3312.98 --> 3315.58] Yeah, you should probably go with that unless you're a crazy Fortnite fan.
[3315.96 --> 3320.60] The other option is $100 to $100 worth of V-Bucks in-game.
[3320.60 --> 3321.42] $100 to $150.
[3322.00 --> 3322.56] Yeah, sorry.
[3322.56 --> 3327.16] And the other thing you've got to remember is that Fortnite has an enormous fan base.
[3327.58 --> 3330.68] So you've got friends that work at like mobile gaming companies, right?
[3331.16 --> 3332.26] What do you remember talking?
[3332.32 --> 3337.66] I know you've talked to them about it, but do you remember what they said was the percentage of the users that are your whales?
[3338.04 --> 3341.62] Oh, I don't remember the exact number, but it is very, very small.
[3341.62 --> 3343.96] Like less than 1%.
[3343.96 --> 3350.90] So when you've got hundreds of millions of users, though, and you've got these whales that might spend hundreds of dollars a month on the game,
[3351.24 --> 3355.24] to imagine that they might run out and buy a phone so that they can play the game that month.
[3355.26 --> 3355.88] Oh, there's no question.
[3355.90 --> 3356.98] Remember, they get a phone.
[3357.30 --> 3357.52] Yeah.
[3357.74 --> 3361.90] I mean, usually when they spend a couple hundred bucks on this game, they don't even get a phone.
[3362.02 --> 3363.46] Hey, yo, I got a phone.
[3364.02 --> 3364.38] Cool.
[3364.38 --> 3364.42] Cool.
[3365.16 --> 3373.36] Like that is a no-brainer for the kind of people that are spending lots and lots of money on digital content for games like Fortnite.
[3373.62 --> 3375.92] So, oh yeah, they're going to sell some phones.
[3376.58 --> 3377.66] Don't kid yourself.
[3379.16 --> 3380.66] Okay, last topic for today.
[3380.82 --> 3384.90] Apple will fix devices damaged by Japanese floods for free.
[3385.06 --> 3389.66] Apple is buying themselves some free positive publicity, and hey, that's a good thing.
[3389.66 --> 3391.30] One quick thing I'm going to step in here with.
[3391.30 --> 3396.26] You just mentioned the tiny percentage of your users are the whales.
[3396.72 --> 3399.56] There's a really amazing story.
[3400.22 --> 3407.46] Kevin Lee Coe, a 45-year-old man from Rockland, California, pled guilty to charges of wire fraud and money laundering,
[3407.76 --> 3413.10] having been caught stealing $4.8 million from his employer between 2008 and 2015,
[3414.74 --> 3420.60] $1 million of which he spent on Game of War, the mobile game.

[3115.26 --> 3115.48] Yeah.

[3116.54 --> 3117.60] Have you heard of...

[3117.60 --> 3117.74] Okay.

[3117.84 --> 3119.42] This is...

[3119.42 --> 3123.46] I do not recommend going there.

[3123.46 --> 3126.62] I would never recommend going there.

[3126.80 --> 3135.82] And it takes a bit of willingness to read terrible, horrible things to be able to go there.

[3135.92 --> 3138.60] But there is a subreddit called WallStreetBets.

[3139.52 --> 3141.46] And it's based around...

[3142.04 --> 3145.28] Like, all stock investments is essentially betting, right?

[3145.52 --> 3145.90] Sure.

[3145.90 --> 3148.60] But this is based around, like, hardcore betting.

[3148.60 --> 3153.98] And their idea isn't, like, I'm going to invest so I can have a good life leading forward.

[3154.08 --> 3158.26] Their idea is, like, I'm going to YOLO so that hopefully I either get a yacht or nothing.

[3159.28 --> 3165.10] And, like, some dude is 20 and made, like, $500,000 off shorting Facebook.

[3166.54 --> 3167.86] And he posted about it there.

[3167.98 --> 3171.20] There's also a dude who had a 50...

[3171.20 --> 3173.00] I think it was a $55,000 portfolio.

[3173.30 --> 3176.30] And it went down to $1.2 grand because of this.

[3176.30 --> 3179.60] It's a really interesting read right now.

[3179.74 --> 3183.98] Just fair warning, it gets pretty brutal in the comments and stuff.

[3184.06 --> 3188.82] So just if you have a weak stomach for people being vicious, don't go there.

[3189.18 --> 3193.58] But it's really interesting seeing people who bet super hard on stocks.

[3193.70 --> 3194.86] And then something like this happens.

[3194.96 --> 3196.74] And just seeing what happens.

[3197.32 --> 3200.24] People losing their entire savings.

[3201.00 --> 3203.74] People being completely set up for the entire rest of their life.

[3203.74 --> 3208.30] Just, like, every single thread is, like, whoa.

[3208.62 --> 3213.30] So it's like a live stream of the high roller, you know, roulette table.

[3213.36 --> 3213.60] Yeah.

[3213.84 --> 3214.34] Pretty much.

[3214.40 --> 3214.98] It's crazy.

[3215.28 --> 3217.66] It's a very crazy, yeah.

[3218.38 --> 3219.22] Here's a rumor.

[3219.48 --> 3223.64] This was posted by Aluminium Tech on the forum and the original source is 9to5Google.

[3224.14 --> 3225.54] Fortnite is coming to Android.

[3225.54 --> 3230.16] But it is rumored that it will be a Samsung Galaxy Note 9 exclusive.

[3230.70 --> 3231.06] What?

[3231.28 --> 3231.76] At first.

[3232.22 --> 3235.36] They must have paid so much for that.

[3235.72 --> 3241.92] So apparently it's going to be, so the Note 9, which is set to be announced on the 9th of August,

[3242.42 --> 3246.32] with pre-orders on August 14th and public availability on August 24th,

[3246.90 --> 3250.14] looks like it's going to have Fortnite exclusively for a month.

[3250.14 --> 3255.42] And there was a thread about this on the forum where people are like, oh, what are they, you know,

[3255.80 --> 3256.48] are they stupid?

[3256.60 --> 3258.66] They think people are going to buy a phone just over a game?

[3258.76 --> 3259.14] Uh, yeah.

[3259.82 --> 3260.32] Oh, yeah.

[3260.76 --> 3261.10] Oh, yeah.

[3261.10 --> 3261.46] Absolutely.

[3261.68 --> 3263.50] It's like people are criticizing Samsung.

[3263.80 --> 3267.42] Okay, you can criticize Samsung all you want, but they're saying that Samsung is stupid for doing this.

[3267.72 --> 3267.82] No.

[3267.82 --> 3269.74] And depending how much they paid, which I don't know,

[3270.94 --> 3274.28] depending how much they paid, this might be actually brilliant.

[3274.62 --> 3275.76] It's not inherently stupid.

[3275.88 --> 3276.54] It could be stupid.

[3276.62 --> 3277.26] It could be stupid.

[3277.26 --> 3277.54] Yeah.

[3277.64 --> 3280.02] Like if they paid way too much money, maybe it's stupid.

[3280.42 --> 3283.88] But remember, this is a company that buys Super Bowl ads.

[3284.06 --> 3288.78] So, you know, if they paid $100 million, this is a far better promotion than a Super Bowl ad,

[3288.80 --> 3289.82] if you want my honest opinion.

[3289.94 --> 3292.60] And you were just talking about like it might actually influence their decisions.

[3292.90 --> 3295.80] Think about if you're on a contract, how subsidized your phone is.

[3295.84 --> 3297.36] It's just a bit of money, right?

[3297.74 --> 3302.82] So it's probably like $150 decision, but they're all going to be about $150 or $0.

[3302.82 --> 3311.48] You pick this phone, you get Fortnite, and you get the decision between wireless AKG headphones,

[3311.80 --> 3312.78] which is sweet.

[3312.98 --> 3315.58] Yeah, you should probably go with that unless you're a crazy Fortnite fan.

[3315.96 --> 3320.60] The other option is $100 to $100 worth of V-Bucks in-game.

[3320.60 --> 3321.42] $100 to $150.

[3322.00 --> 3322.56] Yeah, sorry.

[3322.56 --> 3327.16] And the other thing you've got to remember is that Fortnite has an enormous fan base.

[3327.58 --> 3330.68] So you've got friends that work at like mobile gaming companies, right?

[3331.16 --> 3332.26] What do you remember talking?

[3332.32 --> 3337.66] I know you've talked to them about it, but do you remember what they said was the percentage of the users that are your whales?

[3338.04 --> 3341.62] Oh, I don't remember the exact number, but it is very, very small.

[3341.62 --> 3343.96] Like less than 1%.

[3343.96 --> 3350.90] So when you've got hundreds of millions of users, though, and you've got these whales that might spend hundreds of dollars a month on the game,

[3351.24 --> 3355.24] to imagine that they might run out and buy a phone so that they can play the game that month.

[3355.26 --> 3355.88] Oh, there's no question.

[3355.90 --> 3356.98] Remember, they get a phone.

[3357.30 --> 3357.52] Yeah.

[3357.74 --> 3361.90] I mean, usually when they spend a couple hundred bucks on this game, they don't even get a phone.

[3362.02 --> 3363.46] Hey, yo, I got a phone.

[3364.02 --> 3364.38] Cool.

[3364.38 --> 3364.42] Cool.

[3365.16 --> 3373.36] Like that is a no-brainer for the kind of people that are spending lots and lots of money on digital content for games like Fortnite.

[3373.62 --> 3375.92] So, oh yeah, they're going to sell some phones.

[3376.58 --> 3377.66] Don't kid yourself.

[3379.16 --> 3380.66] Okay, last topic for today.

[3380.82 --> 3384.90] Apple will fix devices damaged by Japanese floods for free.

[3385.06 --> 3389.66] Apple is buying themselves some free positive publicity, and hey, that's a good thing.

[3389.66 --> 3391.30] One quick thing I'm going to step in here with.

[3391.30 --> 3396.26] You just mentioned the tiny percentage of your users are the whales.

[3396.72 --> 3399.56] There's a really amazing story.

[3400.22 --> 3407.46] Kevin Lee Coe, a 45-year-old man from Rockland, California, pled guilty to charges of wire fraud and money laundering,

[3407.76 --> 3413.10] having been caught stealing $4.8 million from his employer between 2008 and 2015,

[3414.74 --> 3420.60] $1 million of which he spent on Game of War, the mobile game.