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Speaker 1: Earners. What's up.

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Speaker 2: You ever walk into a small business and everything just

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Speaker 2: works like the checkout is fast, their seats are digital,

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Speaker 2: tipping is a breeze, and you're out the door before

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Speaker 2: the line even builds odds are they're using Square. We

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Speaker 2: love supporting businesses that run on Square because it just

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Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor

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Speaker 2: at a pop up market, or even one of our

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Speaker 2: merch partners. Square makes it easy for them to take payments,

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Speaker 2: manage inventory, and run their business with confidence, all from

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Speaker 2: one simple system. One of the things we love most

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Speaker 2: is seeing neighborhood businesses level up. Business West Indian spired

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Speaker 2: writing our community that started with a small takeout counter.

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Speaker 2: Now with Square, they've been able to expand into a

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Speaker 2: full sit down restaurant and even started catering events across

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Speaker 2: the city. That's the kind of growth that aspires us,

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Speaker 2: and it's powered by Square. Square is built for all

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Speaker 2: types of businesses, from the corner bagel shop that turned

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Speaker 2: thousands of unique items, to the stylist who's been holding

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Speaker 2: it's about giving you time back so you can focus

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Speaker 2: back end so you can keep pushing your vision forward.

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Speaker 3: So Netflix has been making a lot of news this

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Speaker 3: whole entire year, but uh, that was one of the questions.

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Speaker 1: Is it going to pass over one hundred dollars any

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Speaker 1: time soon? Yes?

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Speaker 3: I mean I think that's an easy target for them

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Speaker 3: to hit. But I think the fallowing of Netflix is

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Speaker 3: a canaria and the coal mine for what's to come.

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Speaker 3: But the reason why I keep telling people to double

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Speaker 3: down now because you see all the companies doing it. Troy,

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Speaker 3: you just brought up infrastructure and data centers. But even

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Speaker 3: for Paramount to come back and say, well, Larry Ellison

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Speaker 3: would personally guarantee you're okay. So when people ask what

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Speaker 3: to mote Netflix having that fight this weekend, and all

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Speaker 3: the investment that they're going to put into future content

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Speaker 3: to now become our generation's version of cable is then

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Speaker 3: building a mote in front of our face.

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Speaker 1: Will they go back to one hundred Yes?

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Speaker 3: Are we going to still see the thirty five percent

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Speaker 3: year of year games? Probably not because they eat out

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Speaker 3: fifteen to twenty percent games.

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Speaker 1: Yes. Is Netflix to buy? Yes?

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Speaker 3: They are the verb in the category and probably one

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Speaker 3: of the best run companies in the media space. Like

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Speaker 3: you look at what everything Netflix has done, Disney has

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Speaker 3: dropped the ball on what they should have done. Now

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Speaker 3: there's a lot of regulatory reasons and personal vendettas inside

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Speaker 3: of why, but what they get back to one hundred?

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Speaker 1: Yes, hold for the long term. You got a community, fine.

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Speaker 2: You gotta you got a whole Netflix. I mean Netflix

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Speaker 2: has come into an interesting time obviously the stock split

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Speaker 2: happens and then the potential merger. Here it's interesting because

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Speaker 2: this is their quarter, like this is the quarter where

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Speaker 2: you start to see what they're rolling now for their future. Obviously,

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Speaker 2: another fight more live sports with the NFL happening on Christmas.

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Speaker 2: Here Stranger Things is blowing out all of its expectations.

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Speaker 2: But inside of that, they got the Diddy documentary. I know,

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Speaker 2: we can say what we want, how we feel about it,

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Speaker 2: but you're talking about over three billion views for a

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Speaker 2: documentary that you didn't even expect to be on the docket.

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Speaker 1: Yep.

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Speaker 2: And so that tells you, all right, there's growth here.

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Speaker 2: People are really watching that, and people are subscribing at records,

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Speaker 2: and then you go into the iHeart deal and it's like, okay,

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Speaker 2: well that's significant because now they want to be a

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Speaker 2: part of your daily life. Right because when you watch Netflix,

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Speaker 2: you watch the show, you're done with it in the day. Well,

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Speaker 2: how can I become a part of your daily life

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Speaker 2: if I don't have sports every day?

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Speaker 1: What are people doing every day?

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Speaker 2: Well, a lot of people are listening to podcasts on

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Speaker 2: a daily basis, and if they have the video component,

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Speaker 2: you're probably watching that on a daily basis or at

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Speaker 2: some point during your week. So if I can be

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Speaker 2: part of your weekly schedule as opposed to, Hey, Stranger

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Speaker 2: Things is done, I watch it all or switch season

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Speaker 2: it's seasonal, I'm done with it. Remember when Narcos was

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Speaker 2: the thing we were, you know, we're done with that.

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Speaker 2: In a weekend, how can I become part of your

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Speaker 2: everyday ritual. If I can't do it in a lot

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Speaker 2: of sports, I'm gonna do it something that is also

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Speaker 2: entertaining you, which is podcasts, which is a huge business.

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Speaker 2: Obviously you know we're a part of that business. The

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Speaker 2: growth is there, the potential is there. This merger has

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Speaker 2: kind of curve balled it a little bit, but I

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Speaker 2: still like this long term.

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Speaker 1: I'm in. I got a few positions in Netflix. Hold

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Speaker 1: for the long term, yo.

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Speaker 3: But we've been screaming the same thing, like just hold,

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Speaker 3: be faithful to your portfolio so you can be free.

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Speaker 1: Put it in chat.

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Speaker 3: None of just three month bullshit, six months. Everything has

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Speaker 3: to be five years deep. Like everyone in tech is

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Speaker 3: playing twenty and thirty year games right now. Larry Ellison

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Speaker 3: is personally guaranteeing billions of dollars for the benefit of

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Speaker 3: his fucking son, and people are worried about a three

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Speaker 3: month on hold. I've been telling you this beginning hold

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Speaker 3: for five years. Stay inside because a lot of y'all

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Speaker 3: who popping it on the gram. You're hurting right now.

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Speaker 3: Derek just told you I can see who living through

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Speaker 3: the business. You got lifestyle businesses and then aggress what

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Speaker 3: they keep raising the prices on everything.

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Speaker 1: Yeah, that lifestyle games.

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Speaker 2: So Larry Elson thing is, I mean we've been talking

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Speaker 2: about him for a year now in terms of the

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Speaker 2: moves that he's making obviously from Stargate.

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Speaker 1: Uh. And then with.

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Speaker 2: TikTok TikTok, like all the news with the paramount potential

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Speaker 2: merger with Warner Brothers. You know, they got approved and

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Speaker 2: now they got fifty percent ownership and TikTok, which you

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Speaker 2: know I kind of said like if you look at

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Speaker 2: who's doing the cloud server for TikTok, it was Oracle

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Speaker 2: in twenty twenty, they got that deal, they were going

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Speaker 2: to be the leader to be an investment. But him saying, look,

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Speaker 2: I'm putting forty billion up guaranteed. It's interesting because two

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Speaker 2: weeks ago when the CFO of Netflix was on he

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Speaker 2: said that that was not part of the deal. Two

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Speaker 2: weeks later now they got a personal guarantee for forty billion,

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Speaker 2: which tell you how important to them having that network

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Speaker 2: is in terms of spreading the messages that they want,

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Speaker 2: have a control of the messages that they want, and

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Speaker 2: having media. So one thing that the ELSN group and

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Speaker 2: I say group because David is the son at the

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Speaker 2: head of Scott Dance. In Paramount, Larry's obviously the dad

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Speaker 2: in the head of Oracle. They don't have a media

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Speaker 2: arm the way that they want to, right, And I

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Speaker 2: told during that class, look, Paramount does not make money.

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Speaker 2: Scott Dance does make some money, but now enough to

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Speaker 2: have this merger. Where were they going to get the

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Speaker 2: back end? Dad said, look, I know I'm worth two

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Speaker 2: hundred and fifty. He's forty guaranteed. I put a full

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Speaker 2: cast deal, all cast deal.

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Speaker 3: Because in the next election, if you can go back

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Speaker 3: into that White House and say well I can get

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Speaker 3: you thirty six more million viewers per month, datall secure

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Speaker 3: the financing that you need for the other ventures to go.

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Speaker 1: Well, this is war games, that's all.

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Speaker 3: Like the tone that you see, it's like it is

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Speaker 3: not time to play at all. Notice and the people

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Speaker 3: who sold off their companies in the last few years.

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Speaker 1: The UFC selling was interesting.

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Speaker 3: Then Dana ended up in the White House and on

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Speaker 3: the border meta Meta's involvement in the White House, Vince

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Speaker 3: McMahon walking away, but then they cut his legs from

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Speaker 3: underneath him and told every little secret.

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Speaker 1: That was the first ditty doc to lower the evaluation. Please.

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Speaker 3: I am begging you because you don't know when we're

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Speaker 3: going in the show, cause one day he's gonna pop up.

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Speaker 3: I'm like, it's been fun deploy capital into the best

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Speaker 3: assets on earth.

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Speaker 2: This episode is brought to you by P and C Bank.

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Speaker 2: A lot of people think podcasts about work are boring,

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Speaker 2: and sure they definitely can be, but understanding of professionals

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