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Back to episode — Episode 2976 CWSA 10/02/25

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self-driving cars and AI. So for all the wrong reasons, we might be moving really quickly in the right direction because the climate change people are going to love these new sources of energy. The AI and robot people are going to say there's no limit to how much energy we need so you better do everything. So suddenly for completely different reasons the entire planet was on the same page about en…

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ve to tell you more about that at some point.

All right. So OpenAI, the company that's beyond ChatGPT, their valuation is apparently $500 billion. Now the way you calculate that is because some of the current and former employees are already selling stock on the secondary market. So you can't publicly buy the stock, but you can do it privately. And they have sold 6.6 billion worth of shares. That means that some number of current and former OpenAI people probably made, you know, some people at the top 100 million, maybe they made 500 million for one person. I don't feel like they earned that. Do you? If somebody already earned a billion dollars and they've cashed it out and then, you know, it's just their money forever now it can never go away. Did they really earn that for the six months they might have worked there? I don't know. Well, probably they had to work longer to get vested. I'm surprised they invested but maybe they really had to offer them good deals.

Well, Tesla, like I said, is up 100% since the day that Tim Walz was publicly celebrating the drop in Tesla stock. So if you went with Tim Walz's opinion about Tesla, you missed a 100% gain. And you know, I own some of the stock as I said. So you shouldn't listen to me when it comes to investments in general. If it's about an individual company, the only thing you should listen to me about is that diversification is good. That's it. That's the only thing you should take from me. That's just like a fact and you should bank on it. Diversification is good. But anyway, so yeah. Tim Walz continues to be the worst public figure in the world.

Anyway, and so I guess Elon bought a billion dollars of Tesla stock last week or something and it made a big impression because it showed that he was confident in the stock and we'll see. But speaking of stock, did you know that there's a movement mostly from, entirely from the political right to boycott Netflix? And Elon Musk is the biggest name in that. Benny Johnson was talking about it. So Benny Johnson was explaining why people like Elon and others are not too happy with Netflix's content because as Benny explains that Netflix is sexualizing children by packaging explicit graphic radical sex topics as children's entertainment. Now, I'm not going to name the titles that have been coming up as the ones that are inappropriate, but use your imagination. All right? If these entirely reasonable people, Benny Johnson, Elon Musk, tons of other people, if these entirely reasonable people have looked at these titles, and they have, and said, "No freaking way you're going to put that in my house 'cause my kids can turn on Netflix and just see it." And in fact, not just see it, it would be served up to them specifically.

So, and then apparently Elon posted that 1

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00% of Netflix employees donations are to the Democratic Party. Well, I knew that already, but when you think of this topic, it's sort of especially meaningful, isn't it? But apparently they've lost, Netflix has lost 15 billion in market value since people started canceling subscriptions. Now, I've got mixed feelings on this one. I'm not a huge fan of boycotts. Not a huge fan because, you know, in…

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