The Liquidity Event | Money and Finance with Shane and Ally Jane

We've pulled Bobby out of the producer's seat and into the cohost hot seat as he joins AJ this week to discuss some big topics in tech and finance. First up is Amazon's launch of RxPass, followed in no particular order by so-called anti-Airbnb laws, SpaceX's Starship testing, Google's musical answer to the AI boom, some flippant fish taking over a livestreamer's Nintendo Switch (and credit card), and the emergent trend known as "recession brunette." Grab a bottle of Revlon and get ready to DIY your new look, dear listeners!

Links

• Amazon launches RxPass, a $5/month Prime add-on for all-you-need generic drugs covering 80 conditions

• With Starship testing, SpaceX moves one step closer to making science fiction a reality

• Buyer beware of new anti Airbnb laws

• MoviePass pushes forward with comeback

• Fish took control of a YouTuber's Nintendo Switch during a livestream. They made credit card purchases, set up a PayPal account, and even sent an email.

• How to Be 18 Years Old Again for Only $2 Million a Year

• Biotech tycoon who spends $2M a year to reverse his aging process 'insisted fiancée tell him of all her past lovers and sex acts' - then dumped her when her breast cancer diagnosis turned her into a 'net negative'

• Google's new AI turns text into music

• Recession brunette

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Welcome back, dear listeners! Your hosts AJ and Shane are here with the week's financial news. Here's what's on deck: ChatGPT parent OpenAI's valuation has nearly doubled and the company is coming for Google's lunch. Speaking of Google and lunch, we hear Larry Page and Sergey Brin were called back to HQ to help win the AI race. If you haven't seen WALL-E, don't listen to this episode. There's more! With one hand Microsoft is increasing investment in AI to the tune of ten billion dollars and laying off 10,000 people with the other. What a time to be alive. Don't forget: You can easily leave a message with a question to be answered during the show at memo.fm/theliquidityevent. We love hearing from you!

Links

• ChatGPT looking at $29B Valuation

• That Microsoft deal isn't exclusive, video is coming and more from OpenAI CEO Sam Altman

• Google Calls In Help From Larry Page and Sergey Brin for A.I. Fight

• Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI

• How ChatGPT Will Destabilize White-Collar Work

• Microsoft is laying off 10,000 employees

• Microsoft Joins Wave of Tech Layoffs as Slowdown Spreads

• Why Are Tech Companies Laying off so many people

• How Apple Has Avoided Layoffs, No Free Lunches

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Shane and AJ are back in full force this week with post-retreat energy and real talk on crypto, ChatGPT being used by hackers to write malware, semi-sentient AI, and the inevitability of mankind's demise. You'll also hear about plagiarism and grilled cheese. Listen up and only share this episode with the coolest people you know. <3

Links

• Crypto Was Always Smoke and Mirrors

• Hackers are using ChatGPT to write malware

• OpenAI begins piloting ChatGPT Professional, a premium version of its viral chatbot

• A college student created an app that can tell whether AI wrote an essay

• JP Morgan Says Startup Founder Used Millions Of Fake Customers To Dupe It Into An Acquisition

• Goldman to Cut About 3,200 Jobs This Week After Cost Review

• Wall Street's Lucrative Leveraged-Debt Machine Is Breaking Down

• Wall Street's Big Banks Score $1 Trillion of Profit in a Decade

• Kathleen Moriarty, aka 'Spider Woman,' Helped Launch Exchange-Traded Funds

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Shane and AJ have missed each other and missed our listeners even more. In this episode we'll find more awful tech layoff news, a floppy IPO from Mattress Firm, a cruise ship living update, and some insight on our upcoming BKFi retreat in beautiful sunny Los Angeles, California. Correction: there is historic flooding in Los Angeles, CA and our whole team is soggy. Enjoy episode 76 of the Liquidity Event! A very fine episode indeed!

• A Breach at LastPass Has Password Lessons for Us All
• Salesforce is cutting 10% of its personnel, more than 7.000 employees
• 28-year-old buys cruise ship apartment because its less than renting and he can see the world
• Amazon is Said to Plan to Lay Off Thousands of Employees
• U.S. Moves to Bar Noncompte Agreements in Labor Contracts

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It's the first episode of the year, dear listeners! AJ Ayers and guest host John Owens talk about the upcoming BKFi retreat, new year's resolutions, Binance's pending $1 billion acquisition of bankrupt crypto lender Voyager Digital, offshore (cruise ship) living, and the comprehensiveness of Secure Act 2.0. Don't miss the quick takes on the veritable bounty of information coming out of that! In other news, the Salton Sea has emerged as the center of the Lithium race, with competing companies seeking mining rights. And worthless NFTs might just be valuable as tax-loss harvesting vehicles. Who doesn't love a bad investment? Finally, you'll hear about why so many accountants are quitting, despite the exceedingly high demand for them. Stay tuned!

Links

• Binance.US to acquire bankrupt crypto exchange Voyager's assets for $1 billion, weeks after planned FTX deal failed

• 28-year-old buys cruise ship apartment because it's less than renting and he can see the world

• The Secure Act 2.0, The RMD Age Change, And The Risk Of A Reverse Nudge

• Why So Many Accountants Are Quitting

• Trump Tax Returns Undermine His Image as a Successful Entrepreneur

• Loyal raises $27M, aims to give dog owners more time with their pets

• Tax-Loss Harvesting Platform Unsellable is Building 'The World's Largest Collection of Worthless NFTs

• The Lithium Race Takes Shape in the Salton Sea

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AJ and John close out the year with some shocking stats on IPOs, the biggest scam of 2022 (Hint: SBF), new year's financial resolutions, and much more!

Links

• Renaissance Capital's 2022 US IPO Market Review

• Worst Scam of 2022: SBF + FTX How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors

• Best last laugh: Dogecoin

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Guest host and software developer Matt Phair joins AJ this week to talk about e-scooter manufacturer VinFast's brand-new IPO filing, SpaceX's tender offer, ChatGPT and artificial intelligence, Amtrak's new Airo trains, and more! In podcast news, it's easier than ever to drop us a message: Record a quick question for us at memo.fm/theliquidityevent and you may be featured on an upcoming show. This is the second-to-last episode of the year, dear listeners. Get ready for a bangin' 2023!

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It's confirmed, dear listeners: FTX is worse than Enron. Join AJ and John as they talk about the joys of watching criminals being brought to justice. They also cover topics including why you shouldn't invest your retirement funds in crypto, how joint bank accounts are basically saving relationships, and the implications of BNPL (buy now, pay later). Ahh, don't ya love the smell of commercialism in the morning?

Links

• FTX held talks with Taylor Swift over $100mn sponsorship deal

• TECH FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

• Grayscale Faces Lawsuit as GBTC Plunges to Record Low 43% Discount - Decrypt

• Professor: 'Couples who have joint accounts stay together longer'

• Shoppers Go Deep on BNPL and eCommerce as Holiday Shopping Ramps Up

• SEC issues new guidance requiring companies to disclose digital currency risks

• 'Primal living' guru Liver King who built a $100m fitness empire admits he's actually on steroids

• Elon Musk is no longer the richest person in the world

• Rad Power Bikes launches RadTrike, a three-wheeled model of its e-bike

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This week, we have two guest hosts covering all you need to know about fintech and holiday spending. Join BKFi Director of Financial Planning John Owens and Associate Financial Planner Kurtis Rohlf as they discuss mutual funds, office bullying, the metaverse, must-know facts about holiday spending, and Robinhood's pursuit of retirement dollars. Bundle up, listeners, because winter is coming!

Links

Mutual Funds That Consistently Beat the Market? Not One of 2,132.

EY Reports a Rise in Naughty Behavior Now That People Have Returned to the Office

Meta has spent $36 billion building the metaverse but still has little to show for it, while tech sensations such as the iPhone, Xbox, and Amazon Echo cost way less

Planning to re-create 'The 12 Days of Christmas' for your true love? Brace yourself for higher costs

8 Things Most Americans Don't Know About Holiday Spending

Robinhood Wants Your Retirement Dollars

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Shane Mason and John Owens cover FTX updates, BlockFi's bankruptcy, subscriptions to drive your car faster, the Amazon Alexa dumpster fire, and more data for Facebook/Meta. Guard yourselves, dear listeners! Major tax-filing websites are sharing your income data with Meta, says Ars Technica. Alexa is costing Amazon wayyy more money than it's making--to the tune of $10 billion. And Mercedes-Benz is going the way of Peloton by charging a subscription fee to unlock one additional second of acceleration. Stay warm, happy December, and drive responsibly!

Links

Amazon Alexa is a "colossal failure," on pace to lose $10 billion this year

Mercedes-Benz to introduce acceleration subscription fee

Major tax-filing websites secretly share income data with Meta

Crypto firm BlockFi files for bankruptcy as FTX fallout spreads

BlockFi Continues to Defy the Odds

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