Group Chat

Today, Drama, Dee, and Anand discuss retail spending, housing markets, quiet quitting, a $110m net, crypto ads, and this week's Winners, Losers, Content.

Timeline of What Was Discussed:

• Anand is a golfer now. (1:30) 
• Stop dunking on Andreessen. (8:50) 
• The American consumer LOVES to consume. (15:49) 
• How low can the housing market really go? (20:15) 
• The new trend of ‘quiet quitting’. (24:30) 
• What are regulators doing?! (36:17) 
• Have you seen a crypto ad lately? (45:33) 
• Ad Break: Ledger. (48:12) 
• Guns, drugs, and iPhones. (49:31) 
• Winners, Losers, and Content. (54:25) 

Related Links/Products Mentioned 

• U.S. Retail Spending Held Steady in July 
• State of the Industry | OpenTable 
• Just in time for football season, chicken wings are now cheaper than they were before the pandemic 
• Home sales fell nearly 6% in July as housing market slides into a recession 
• If Your Co-Workers Are ‘Quiet Quitting,’ Here’s What That Means 
• Americans Are Breaking Up With Their Work Friends - WSJ 
• How a 20-year-old USC student netted $110m from a Bed Bath & Beyond stock dump at exactly the right time 
• Crypto Ads Starring Matt Damon, Tom Brady Vanish From Television 
• Ledger  
• Already a billionaire, LeBron James’ 2-year contract extension makes him the NBA’s all-time highest-paid player 

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Today Dee and Zach White discuss Andreessen Horowitz's investment in Adam Neumann, Bed Bath & Beyond's rocketing stock, Walmart's earnings & insight, China's rate cut & factory shutdowns, and Cash App's genius marketing. Then, Dee is joined by Group Chat Regular Rob @Ballin, who brought over friends Nick & Nick of Truff.

Timeline of What Was Discussed:

• Adam Neumann is BACK!! (2:22) 
• Ryan Cohen, the Nancy Pelosi of Wall Street Bets. (17:11) 
• Walmart, the index of the world. (22:17) 
• China is getting hit in more ways than one. (27:50) 
• America should STOP tearing down our founders. (34:04) 
• Lifetime value is a pretty easy math equation. (41:03) 
• Cash App’s marketing team are geniuses! (43:46) 
• An interview with Group Chat regular Rob @Ballin, and Nick & Nick of Truff. They discuss the origin story of the brand, entering the truffle world, providing value, and why their motto is less is more. (47:11) 

Related Links/Products Mentioned 

• WeWork's former CEO has a new startup, reportedly valued at more than $1 billion 
• Bed Bath & Beyond soars 70% as meme traders talk up Ryan Cohen's call options purchase 
• Walmart CFO talks consumers, inventory, back-to-school, and gas prices after earnings beat 
• Walmart CEO Doug McMillon says even wealthier families are penny-pinching 
• One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds 
• China cuts rates as lockdowns and a real estate crisis take their toll 
• China shuts factories, rations electricity as heat wave stifles economy — The Washington Post 
• Michael Burry of ‘The Big Short’ dumps all of his previous stock holdings and adds just one name 
• The U.S. has more jails than colleges. Here’s a map of where those prisoners live. 
• Cash App I That’s Money - Kendrick Lamar & Ray Dalio 
• TRUFF | Truffle Hot Sauce | Luxury Condiments **Promo code GROUPCHAT at checkout** 

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Tonight, Dee and Anand discuss Group Chat's LA Tech Week Live Event, Aramco's massive wins, Chinese factories' indicators for demand, E-commerce's drop in costs, California's water crisis' effect on tomatoes, Salman Rushdie's attempted murder, the FBI's warning, and #BamaRush.

Timeline of What Was Discussed:

• Dee gets the FULL Elon experience. (0:47) 
• Anand heads to Yellowstone. (7:55) 
• Group Chat’s HUGE ANNOUNCEMENT for LA Tech Week! (11:03) 
• Saudi Aramco profits are BOOMING! (21:50) 
• A scary indication of demand. (26:43) 
• Will inflation continue to rise or decline? (32:38) 
• The growing tomato crisis in California. (37:58) 
• A function of the growing division in America. (42:51) 
• ‘Bama rush. (51:20) 
• Group Chat Shout Outs. (56:30) 

Related Links/Products Mentioned 

• Group Chat x LA Tech Week – Get on the Guest List TODAY! **Text 310-564-0597** 
• Saudi Aramco profit surges 90% in second quarter amid energy price boom 
• China Factory Orders Shrink in Ominous Sign for Global Outlook 
• E-commerce prices decline for the first time in over two years: Adobe 
• Spaghetti Sauce Is Under Threat as Water Crisis Slams Tomatoes 
• Salman Rushdie Is Talking After Being Taken Off Ventilator, Family Says 
• Man fatally shoots himself after crashing into barricade at US Capitol 
• FBI Search of Mar-a-Lago Achieved DOJ Top Priority: Get the Documents 
• Chilling FBI bulletin warns of 'violent threats' after Trump raid 
• Alabama: 'Filming’ during rush, potential Vice documentary ‘deplorable’ 

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Today, Drama, Dee, and Anand discuss the CPI's latest numbers, Web 3's Q2 hacks, Coupang's strong earnings, Eugene Zhang's message to founders, Disney's money printer, one CEO's obnoxious LinkedIn post, Trumpworld's reaction to the FBI raid, and this week's Winners, Losers, Content!

Timeline of What Was Discussed:

• The Real Housewives of Self-Pity. (1:47) 
• Dee-va Las Vegas. (8:12) 
• When you are forced to question EVERY intuition. (14:20) 
• Don’t free ball! Get yourself a Ledger! (27:22) 
• BIG win for Coupang. (32:30) 
• A strong message to all founders. (34:23) 
• Don’t fight the mouse! (39:24) 
• The reaction to the FBI’s raid of Mar-a-Lago. (50:50) 
• Winners, Losers, and Content. (58:26) 
• Group Chat Shout Outs. (1:12:05) 

Related Links/Products Mentioned 

• U.S. consumer price inflation surprises to downside in July 
• Gas prices are falling — Here's why it's happening and whether it can continue 
• Impeachment: American Crime Story on FX 
• Over $718 Million Lost to Web 3 Hacks in Q2 2022: Report 
• Hardware Wallet - State-of-the-art security for crypto assets | Ledger 
• Coupang delivers stronger than expected profits, raises full-year forecast — Seeking Alpha 
• Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit 
• Disney is raising prices, but this time, don't blame inflation 
• FBI seized documents from Mar-a-Lago in JUNE with grand jury subpoena 
• Mar-a-Lago 'rat' would have to be 'very close' to Trump 
• These 3 Dividend Yielding Stocks Are Warren Buffett's Top-Owned Positions In Berkshire 
• Nets team owner Joe Tsai backs front office, coaches after Kevin Durant reportedly gives ultimatum 
• Viral photo of CEO crying proves LinkedIn is still obnoxious 
• Business Breakdowns - LVMH: The Wolf in Cashmere’s Conglomerate 

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Today, Anand and Drama discuss Kanye's reaction to the Kim & Pete breakup, the FBI's search of Trump's property, the CPI's upcoming release, Coinbase's earnings, Microsoft's slashing of expenses, Walmart's potential bundles, Serena William's evolution, and Saudi Arabia's Twitter spy.

Timeline of What Was Discussed:

• Quick check up on Ari. (1:19) 
• Kanye is BACK, and more toxic than EVER! (3:00) 
• Trump is NOT going ANYWHERE! (8:25) 
• CPI ticker. (16:34) 
• What’s going on with Coinbase? (18:40) 
• Microsoft is tightening things up. (21:42) 
• Walmart is getting into the streaming wars! (25:34) 
• Serena William’s evolution. (28:12) 
• Ad Break: Liquid I.V. (37:15) 
• Axios sale is providing there is STILL a media business. (39:12) 
• Being the company of privacy when it’s convenient. (42:36) 
• Group Chat Shout Outs. (50:49) 

Related Links/Products Mentioned 

• Pete Davidson Is In Trauma Therapy After Kanye West's Social Media Posts 
• FBI Search of Trump Property Prompted by Concerns Over Sensitive Documents 
• $COIN earnings: - Revenue: $808M, est: $854M - Increase quarterly loss per share: $4.98 - unusual_whales on Twitter 
• Lex Fridman Podcast #307 – Brian Armstrong: Coinbase, Cryptocurrency, and Government Regulation 
• WSJ News Exclusive | Microsoft Tries to Reduce Business Expenses by Restricting Spending on Travel and Company Gatherings 
• Walmart is building a streaming service to take on Amazon Prime 
• Serena Williams's Farewell to Tennis—In Her Own Words 
• Visit Liquid I.V. for an exclusive offer for Group Chat listeners! **Promo code GROUPCHAT at checkout** 
• Axios to sell itself to Cox Enterprises for $525 million 
• Former Twitter Employee Convicted of Spying for Saudi Arabia

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Tonight, Drama, Dee, and Anand discuss Dee's eventful Sunday afternoon, Kim & Pete's breakup, advertiser's slowdown in spending, senate dem's blockbuster bill, Malcolm Gladwell's opinion on WFH, and so much more.

Timeline of What Was Discussed:

• Dee’s ‘devilish’ weekend. (1:40) 
• There needs to be consequences for your actions. (9:55) 
• Hollywood heartbreak. (13:53) 
• Are you still watching commercials/cable TV? (24:00) 
• It’s good to know you can buy your way out of any situation. (31:59) 
• Malcolm Gladwell’s HOT TAKE on working from home. (40:21) 
• An interview with Betty, the co-creator of DeadFellaz NFT project. They discuss how DeadFellaz became an idea, working with your spouse, getting buy-in, and crystalizing your community. (50:35) 

Related Links/Products Mentioned 

• Nurse in Deadly LA Crash Could Be Charged Monday 
• Hollywood Heartbreak: Kim Kardashian and Pete Davidson Are Finished — Los Angeles Magazine 
• Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers 
• How the Private-Equity Lobby Won—Again 
• Senate passes sweeping climate, health and tax package, putting Democrats on cusp of historic win 
• Curtis Yarvin - Wikipedia 
• The Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power 
• Malcolm Gladwell slams working from home:  ‘What have you reduced your life to?’ 
• What is DeadFellaz: A Guide on the Ambitious NFT Brand and Collection 
• Deadfellaz 

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Today, Dee and Anand are joined by Jon and Doug to unveil SOMETHING BIG. After that announcement, Dee and Anand discuss US Crude Oil's bottom, Tiger Global's scapegoat, mortgage rate's new low, rent price's spread, Blackrock's deal with Coinbase, Solana's recent exploit, HBO's recent decisions, and this week's Winners, Losers, Content.

Timeline of What Was Discussed:

• The Group Chat NFT is HERE! (0:45) 
• The arrogance of oil traders. (18:53) 
• The takeaways from earnings week. (20:01) 
• Tiger Global plays the blame game. (25:57) 
• Mortgage rates new lows. (31:05) 
• The CRAZY spread in rent prices across the country. (34:24) 
• Crypto isn’t going anywhere! (37:41) 
• Ledger saves lives. (41:20) 
• The curious case of Batgirl, and HBO’s strange recent moves. (44:00) 
• Winners, Losers, and Content. (51:58) 

Related Links/Products Mentioned 

• Group Chat NFT White Paper 
• U.S. CRUDE OIL FUTURES HIT $88.12 A BARREL, THE LOWEST SINCE FEB 3 BEFORE RUSSIA'S INVASION OF UKRAINE - First Squawk on Twitter 
• DoorDash Revenue Climbs as Restaurants Raise Prices, Consumers Continue Spending 
• Tiger Global blames inflation after 50% drop in flagship hedge fund 
• Mortgage Rates Drop Below 5% for First Time Since April 
• Rent prices are soaring in these 5 U.S. metros. Here's what to know before moving to a cheaper area 
• Remote workers pushed up incomes and home prices in these cities 
• Coinbase shares soar in boost from meme traders, BlackRock crypto deal 
• Solana’s $6M Exploit Likely Tied to Slope Wallet, Developers Say 
• HBO Max is under new management, and fans are worried about the fate of shows like 'Hacks', 'Peacemaker' and 'South Side' 
• WNBA star Brittney Griner sentenced to nine years in prison by Russian court 
• Cathie Wood's Ark Invest Offloads Over 1.4M Coinbase Shares as COIN Price Falls 
• Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity 

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Today, Dee and Anand are joined by special guest Zach White to discuss the markets, Uber's earnings, Ferrari's record quarter, PepsiCo's new ownership in Celsius, Pelosi's Taiwan visit, the killing of an Al-Qaeda leader, and much more.

Timeline of What Was Discussed:

• Where did the money for these funds go?! (0:47) 
• This is NOT financial advice. (9:23) 
• The best things are built TOGETHER! (13:03) 
• You print more money and chill. (20:26) 
• The Robinhood customer has LEFT the party. (23:05) 
• There are A LOT of random hustles on the internet. (28:36) 
• Luxury is on FIRE! (37:33) 
• Anand’s greatest call in HISTORY! (40:04) 
• Ballin’ is BACK with ReinventU! (44:45) 
• Nancy Pelosi, America stands with Taiwan. (50:11) 
• Sleep Joe woke up! (54:29) 
• Why is Kanye so miserable to work with? (57:14) 
• It’s an amazing time to build! (1:02:54) 
• Hot takes on the upcoming LA Tech Week. (1:05:32) 

Related Links/Products Mentioned 

• Keith Rabois Twitter Post Infographic 
• Stocks making the biggest moves midday: Uber, Pinterest, Caterpillar and more 
• Uber Revenue Doubles, Sending Shares Surging 
• Sam Altman Twitter Poll 
• Robinhood lays off 23% of staff, CEO Vlad Tenev says, 'This is on me' 
• Demand for Workers Fell in June to Lowest Level in Nine Months 
• Ferrari boosts full-year guidance after a record second quarter 
• PepsiCo takes $550 million stake in energy drink maker Celsius 
• Visit ReinventU for an exclusive offer for Group Chat listeners! **Code GROUPCHAT at checkout** 
• Pelosi-Taiwan Live Updates: House Speaker Arrives in Taiwan in Defiance of China 
• How the CIA identified and killed Al-Qaeda leader Zawahiri 
• Kanye West Alleges Adidas Rolled Out Yeezy Day 'Without My Approval' 

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Tonight, Drama, Dee, and Anand discuss Mega Millions Lottery, Sundar Pichai's message to Google employees, Elon's effect on sales, Inflation's ease with falling food prices, America's health post-pandemic, fashion's most significant item, and Chris Rock's reaction to Will Smith's apology.

Timeline of What Was Discussed:

• Catching up with the guys over their weekends. (2:09) 
• U.S. intuitions are broken. (11:59) 
• Does Google have a productivity problem? (22:30) 
• Are Elon Musk’s shenanigans turning off Tesla supporters? (29:52) 
• ‘Joe’ is doing well. (38:14) 
• The issue with COVID Monday morning quarterbacking. (42:02) 
• Donald Trump, a pop-culture phenomenon. (58:54) 
• The stupidest apology of ALL-TIME! (1:02:00) 
• Group Chat Shout Outs. (1:07:10) 

Related Links/Products Mentioned 

• Someone in Illinois won the $1.337 billion Mega Millions jackpot—the third-largest lottery prize in U.S. history 
• Joe Manchin said he'd be OK with 'whatever the voters choose' when asked if he wanted the Democratic Party to win the midterms 
• Google CEO tells employees productivity and focus must improve, launches 'Simplicity Sprint' to gather employee feedback on efficiency 
• Elon Musk’s Antics Turn Owners and Would-Be Buyers Against Tesla — Bloomberg 
• Falling Food Prices Ease Upward Pressure on Global Inflation 
• How the Covid-19 Pandemic Changed Americans’ Health for the Worse 
• Jared Kushner: 'MAGA' hats made Trump 2016 campaign $80K per day — New York Post 
• Chris Rock Has A Message About Playing The 'Victim' After Will Smith Apology Video 
• DeviantArtPopUp.SplashThat.com 

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Today, Drama, Dee, and Anand discuss Powell's and Biden's recession statements, mortgage rate's real victim, Amazon's earnings, Apple's earnings, Zuck's Meta moves, and much more. Then, were joined by Don Cannon, founder of the TmrO app, to discuss the music industry and the tools available to up-and-coming entrepreneurs. Lastly, we hear this week's Winners, Losers, and Content!

Timeline of What Was Discussed:

• “We’re NOT in a recession.” (1:58) 
• The average person is caught in a vortex that makes NO sense! (10:30) 
• The reality about earnings, IT DOESN’T MATTER! (28:32) 
• Ad Break: Ledger. (32:17) 
• Zuck is getting hit on ALL angles. (34:08) 
• An interview with Don Cannon, founder of the TmrO app. They discuss how he got into the music industry, and the tools available for up-and-coming entrepreneurs. (41:22) 
• Winners, Losers, and Content. (1:06:09) 

Related Links/Products Mentioned 

• U.S. GDP Fell at 0.9% Annual Rate in Second Quarter; Recession Fears Loom Over Economy - WSJ 
• Fed makes history with second massive rate hike in as many months 
• Mortgage Rates Fall to 5.3%, Continuing Volatile Stretch 
• Amazon jumps after second-quarter revenue tops estimates 
• Mark Zuckerberg’s Bid to Reinvent Facebook Parent Meta Gains New Urgency 
• Apple reports record-breaking $83B in revenue in supply impacted Q3 2022 
• Zelenskys' 'Vogue' photoshoot in war-torn Ukraine divides public 
• Donald Trump tees off at LIV Golf pro-am event 
• Joe Rogan blasts TikTok over 'crazy' privacy terms and warns that 'China will have all your data' - as he warns users that Beijing 'can see everything you type' 

Connect with Don! 

• IG: (@doncannon) 
• TmrO App 
• IG: (@tmroapp)  

Shop Ledger here!

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