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willtheorangeguy
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2018-WAN-Show-Transcripts

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[1074.52 --> 1075.18] I don't buy it.
[1075.88 --> 1076.98] I wish they would just own it.
[1077.04 --> 1078.14] Hey, we tried to make a lot of money.
[1078.38 --> 1079.40] We tried to make more money.
[1079.62 --> 1080.14] We got caught.
[1080.48 --> 1081.04] It wasn't...
[1081.04 --> 1083.30] You could even be like, we thought this was a good idea.
[1084.06 --> 1085.38] Clearly, everyone didn't.
[1086.62 --> 1087.24] We're going to buy.
[1087.60 --> 1087.94] Yeah.
[1088.36 --> 1089.28] I would buy that more.
[1089.28 --> 1089.84] That's the way companies do that.
[1090.30 --> 1090.56] Yeah.
[1090.74 --> 1094.22] You should have shut down all your stores for an afternoon and had some kind of training for all your employees.
[1096.50 --> 1100.06] That's how you signal to the populace that you care.
[1100.46 --> 1100.82] Man.
[1101.00 --> 1101.28] Okay.
[1101.28 --> 1105.48] Anyways, I think we've beat this topic down and left it in a ditch.
[1105.48 --> 1110.90] So, we can move on to the T-Mobile slash Sprint merger.
[1111.08 --> 1113.94] So, you know more about this than I do, but they've tried to do this before.
[1114.02 --> 1115.02] I know nothing of this.
[1115.10 --> 1115.72] I know.
[1116.00 --> 1116.26] I know.
[1116.34 --> 1119.88] Was it the FTC that blocked it in the past?
[1120.24 --> 1120.44] Yeah.
[1120.78 --> 1123.52] This is all FTC stuff.
[1123.60 --> 1127.86] So, I believe the FTC was like, we think there's room for four players, so no.
[1128.60 --> 1129.28] Yes, that's correct.
[1129.32 --> 1131.42] So, that would have been under the Obama administration.
[1131.42 --> 1138.78] And they thought, okay, the market in the U.S. could support four major cellular provider services or companies.
[1139.00 --> 1140.64] So, they thought more is better.
[1140.82 --> 1141.66] It's more competition.
[1142.46 --> 1144.64] So, we're not going to let you guys merge.
[1145.20 --> 1146.10] That was then.
[1146.36 --> 1147.12] Things have changed.
[1147.28 --> 1153.02] Not only is it just a change of administration and they think that the Trump administration would be more favorable to this merger.
[1153.70 --> 1155.74] A lot of it has to do with 5G, actually.
[1156.38 --> 1159.58] And the U.S. and the administration is very serious about 5G.
[1159.58 --> 1166.54] Yeah, remember that Trump, like, I don't know if you want to say unilaterally, but he did that little signature.
[1166.64 --> 1167.86] We should have one more G.
[1167.86 --> 1173.50] He did that little signature thingy to say that Broadcom and Qualcomm shouldn't merge, right?
[1173.62 --> 1180.06] And the rationale for that was like, Qualcomm is instrumental in advancing 5G.
[1180.06 --> 1185.02] And there's a big global race to be the country that pioneers 5G the most right now.
[1185.54 --> 1187.28] And China and South Korea are winning.
[1187.72 --> 1191.76] And the U.S. wants to win because you get lots of benefits from pioneering the technology and the standards.
[1192.14 --> 1194.12] Lots of job creation, IP.
[1194.70 --> 1198.80] It was really good for the U.S. to have developed 4G and they want to keep that going.
[1198.80 --> 1209.82] And I think that with this, the new merge company will have a greater ability to pioneer 5G.
[1211.62 --> 1216.28] I think there's an opportunity for T-Mobile and Sprint to make a really cool name when they merge.
[1218.02 --> 1222.16] Mobile, Sprint, that's a little motion here, but they're just going to be called T-Mobile still.
[1222.46 --> 1222.90] Missed opportunity.
[1222.90 --> 1223.54] Oh, okay.
[1223.68 --> 1224.36] Missed opportunity.
[1224.36 --> 1227.20] So they're merging, but essentially T-Mobile is taking over Sprint.
[1228.12 --> 1228.98] Is that kind of the deal?
[1229.14 --> 1230.92] Because if they're just being called T-Mobile.
[1231.32 --> 1236.66] I don't think the name, like, I don't necessarily think just because the name is still T-Mobile that indicates that they're the big winners.
[1236.90 --> 1237.82] But I don't know.
[1237.94 --> 1238.14] Maybe.
[1238.50 --> 1241.96] I think public eye might come across that way, even if it's not actually that way.
[1242.32 --> 1244.18] Because everyone's calling it T-Mobile now.
[1246.48 --> 1246.88] Well.
[1248.54 --> 1249.88] I don't know enough about it.
[1250.38 --> 1251.82] I can't really claim anything either way.
[1251.82 --> 1253.54] They've just said that they're committed to merging.
[1253.54 --> 1255.46] They plan to merge, but it's not up to them.
[1255.54 --> 1256.30] They still have to.
[1256.80 --> 1258.62] The courts still need to approve this.
[1258.74 --> 1258.90] Yeah.
[1259.08 --> 1260.76] And that's going to take a couple months, I think.
[1263.06 --> 1265.62] Even though I'm not from the States, I generally like T-Mobile.
[1266.44 --> 1268.60] I've liked how they've done a lot of their campaigns.
[1268.78 --> 1271.86] I like the kind of moves that they've done in the market over the last while.
[1272.52 --> 1274.14] So, sounds cool to me.
[1274.14 --> 1275.30] Here's a theoretical question.
[1276.70 --> 1279.18] Every good capitalist likes competition, right?
[1279.52 --> 1279.76] Yeah.
[1279.76 --> 1284.88] My question is, does more players mean more competition?
[1285.00 --> 1285.54] Not necessarily.
[1285.54 --> 1287.00] Because right now, you've got four.
[1287.72 --> 1289.82] T-Mobile and Sprint are numbers three and four.
[1290.26 --> 1290.40] Yeah.
[1290.40 --> 1293.02] They're way smaller than AT&T and Verizon.
[1293.82 --> 1296.18] Should they merge, they'll be about the same size.
[1296.44 --> 1299.34] So, do you think they actually have more of an ability?
[1299.70 --> 1303.22] Is there more competition when there's three equally sized players?
[1303.22 --> 1305.90] I kind of think probably.
[1305.98 --> 1306.24] Maybe?
[1306.40 --> 1310.98] Because I think where the market probably needs more competition is with the big guys.
[1311.24 --> 1314.60] So, I would rather there be a fight between three big giants.
[1315.22 --> 1317.46] And please, no less than three.
[1318.84 --> 1325.90] Because we have enough of that problem in our own space with AMD and Intel and AMD and NVIDIA.
[1325.90 --> 1333.76] But, so please no less than three, but I like the idea of taking three and four and making them an actual proper competitor.
[1333.86 --> 1334.54] Like a real, yeah, exactly.
[1334.72 --> 1335.92] Against the other two big guys.
[1336.06 --> 1337.54] That seems like a good idea to me.
[1337.76 --> 1342.26] And even if you can make a fourth, as long as all four are the same kind of size.
[1342.46 --> 1347.70] When you have four and you have two kind of smaller ones and two kind of bigger ones, there is good competition there.
[1347.70 --> 1351.04] Because there is competition for the smaller markets and competition for the bigger markets.
[1351.20 --> 1356.46] But I don't feel like T-Mobile and Sprint are going to abandon their places.