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This is Nick.
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This is Jack.
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It's Friday. The Real Friday, September 12th. And today's pod is the best one yet. This is a T, boy.
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The top three pop business news stories you need to know today.
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You know, I really know it's the real Friday, Jack.
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Cause I'm wearing yak fur.
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You're wearing the yak sweater I got you for your birthday.
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I'm finally wearing it and it feels fantastic. I have three compliments today.
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Three. The best part, Jack, no yaks were hurt in the making of that sweater. They actually stitch it themselves. These yaks are these days.
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Okay, I'm not gonna fact check that one.
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You are wearing the yak, though, Jack. The yak sweater is not wearing you.
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Yetis.
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We have got three fantastic stories for today's pod. Jack, what is on the T, boy?
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For our first story, the World cup is coming to the United States next summer, and the ticket presale launched yesterday.
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But FIFA is doing dynamic pricing and everyone hates it, except for us.
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For our second story, remember the Winklevoss twins?
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The Winklevi?
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Those Harvard rowers who claim that Zuckerberg stole idea for Facebook?
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Or is it the Winklevarosses?
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It's the Winklevinek. Well, with Zuckerberg settlement money, they started.
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A crypto startup and it just IPO'd.
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And our third and final story is the fifth biggest pizza chain in America. It's actually a gas station.
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Casey's built a cult following by selling regular unleaded with a side of bacon, egg and cheese pizza.
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You either love Casey's or you've never even heard of it. But, Yetis, before we hit that wonderful.
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Mix of stories, I mean, what a mix of stories to go into the weekend with. Love the mix, Jack.
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Mercury is not in retrograde.
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Jupiter is in transit, and your horoscope has an update.
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Get this. Yetis. According to the New York Times, your zodiac signs are 2,000 years out of date.
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And that astrological issue could be messing with your money.
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Here's the context. Planet Earth actually wobbles on its axis a little bit, like a dreidel that's spinning.
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So our view of the stars shifts by one degree every 72 years.
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2,000 years ago. Yeah, Jack, September 12th, planet Earth was.
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In Virgo because the Virgo constellation was directly behind the Sun.
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But Today, which is September 12, the constellation behind the sun is no longer Virgo. It's Leo.
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That's how much the Earth has moved in just two millennia.
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So since the Babylonians first observed the.
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Zodiac 2,000 years ago, those constellations have shifted a whopping 27 degrees.
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Jack, I thought I was a Pisces, but I'm actually Aquarius.
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Jack, I thought it was Aquarius, but I'm actually a Cap Capricorn.
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And all this cosmological craziness could freak out your financials too, if you happen to be an astrological investor.
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Because maybe you thought you were a.
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Risk averse Scorpio, but you're actually a risk loving Libra.
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Or maybe you thought you were a.
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Crypto crazy cancer, you're actually a mutual fund Gemini.
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And if you're buying advanced call options because Mercury is in retrograde, first of.
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All, you should probably talk to somebody. But you also may want to invest in a new telescope.
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Besties, Jack and I dropped a link to the tool that will confirm what your actual zodiac is if it shifted.
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Yeah, I'm checking it out right now. I'm kind of freaking out, to be honest.
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In the meantime, although if I wasn't.
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A Pisces, that might explain a lot.
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I'm sorry, Jack. All signs are pointing to us hitting our three stories.
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Let's hit them.
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Fifteen years before this song, Two boys from the northeast met in the dorm. They had an idea that caused a cultural storm.
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It's the best one yet, but the.
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Best is the norm. Jack. Nick, that's it. I don't even think they need to practice. 50%, that's a fat tip. T Boy city on your at list. If you know, you know. Cause we ready to go, we can't wait no more. So just start the show, Start the show, Start the show. First, a quick word from our sponsor.
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Airbnb Yetis.
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Our show actually started as a side hustle over 10 years ago. It began in secret outside of our bank jobs.
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We were worried we'd get food fired, so we didn't tell our bosses. And we even left our names off the website.
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So that was our side hustle, a media startup. But there are other side hustles that are a lot less risky than that.
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And that have 0% chance of getting you fired. Like being a host on Airbnb.
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In this economy, it's a fun and rewarding way to make money off the thing you're already paying for your house or your apartment.
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I've hosted two previous apartments and my current chalet on Airbnb.
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And when no one's using it, why not welcome a family, a couple that just got engaged?
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You already have an Airbnb. You just didn't realize it yet.
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Your home might be worth more than you think. Find out how much@airbnb.com host now a quick break.
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Switching topics to one of our favorite sponsors, Vital Proteins.
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Yeah, it is. We've told you about vital proteins. They help support our hair, skin, nail, bone, and joint health with those collagen peptides.
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But after doing their ads for a few months, we told Vital Proteins, hey, we like to shake things up, okay?
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But then they took us too literally. And guess what product Vital Proteins just launched.
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A ready to drink collagen protein shake with a smooth chocolate taste.
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They shook enough. Too much. We're talking 30 grams of protein. Enough to grow a third bicep, I think.
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Nick. I've been using vital proteins for my coffee. Now I use it for my bicep curls too.
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It's all the benefits of vital proteins collagen. But in an 11 ounce shake, you can grab, go and shake.
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So go to www.vitalproteins.com to learn more and where to buy. Get 20% off your next order by entering promo code T boy at checkout.
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For our first story. For the first time in 32 years, the United States is hosting the FIFA. And the tickets just went on sale.
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But only if you have a Visa card. And it's controversial because of the dynamic pricing. And all of this is bad for StubHub.
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Okay, now, Yetis, Jack and I have been checking the calendars for you. And by our math, we are exactly 272 days away from the Men's World.
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Cup of Soccer, awkwardly co hosted next summer by the United States, Mexico and Canada.
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Why is this awkward, Jack?
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Because when we agreed to co host the biggest tournament in the world with our neighbor neighbors, we weren't in a trade war with them.
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Yeah, but unfortunately, tariffs have made this World cup an angry throuple situation. Haven't they, Jack?
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It's a soccer soap opera. And like, who knows what's happening at the border.
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But in the meantime, MetLife Stadium, home of the jets and the Giants, is hosting the World cup finals next summer. So it got the attention of New York City's mayoral candidate.
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He's a democratic socialist, Zoran Mandani. And he launched a petition on Wednesday called Game Over Greed.
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Game Over Greed. Because this year, for the first time, FIFA is using get this dynamic pricing to maximize revenue.
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And of course, yesterday when the presale launched, there were major glitches causing huge frustration for the fans who were waiting at their computer for the clock to strike midnight.
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Taylor Swift eras tour 2.0. Here we go again, baby.
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Oh, by the way, The World cup ticket presale that launched on Thursday. Classic. It was for Visa card holders only. Yeah.
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Visa sponsoring the events. Only Visa card holders could buy the tickets.
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Because, let's be honest, FIFA is an international money making operation with a side hustle in soccer tournaments.
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Now, besties, before you throw the red flag on these guys, Jack and I want to pause the. Pause for a second. And Jack, could we dive in t boy style to dynamic pricing?
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When it comes to ticket selling, we're actually for dynamic pricing.
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Dynamic pricing. Now, dynamic pricing, it smells like surge pricing, or as Jack and I call it in this situation, surge seeding.
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So it's understandable why you get mad when you hear that the World cup has dynamic pricing.
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Yeah. In this case, for the World cup, if the tickets are priced at $100, but the demand data suggests they could sell for $200, what's FIFA going to do, Jack?
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They're going to jack up the prices dynamically to $200. That sounds greedy, right?
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It does sound greedy.
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But the reality is that price would have hit $200 anyway either way on the secondary market.
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And here's the important detail we want to highlight. When those tickets would inevitably sell for 200 bucks in the secondary market, it would be the scalpers taking the profit, not the performer, the producer, or the venue. In this case, the World Cup.
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So in Zoran's petition, he's calling for a price cap, and he's also calling for 15% of all the tickets in this tournament to be set aside for locals to buy at a discount, which.
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Is actually an idea that my parents, who live on the Upper east side of Manhattan, kind of like.
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It's a great idea, but given the 0% chance of a price cap for World cup tickets, those tickets are going to be really expensive no matter what.
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Because the World cup is a global event with billions of people demanding tickets, and yet there are only 80,000 seats in that MetLife Stadium.
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And thanks to dynamic pricing, it's the people putting on the show who are gonna get the revenue, not the scalpers.
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And that's why, as much as we hate dynamic pricing, economically speaking, we're for dynamic pricing.
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Prices are gonna be high no matter what. We want the soccer players to get the money, not the scalpers, even though.
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They do have a lot of money. So, Jack, what's the takeaway from our buddies over at the World Cup?
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It's a dirty secret. StubHub's business model depends on scalpers.
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Yetis, it's not just FIFA starting to use dynamic Pricing these days. Ticketmaster also started using it as well.
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Both FIFA and Ticketmaster want to stop letting bots and middlemen take revenue. That should be going to the performers.
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Basically, the primary ticket issuers. The World cup, they're trying to price tickets accurately with data so that there's no need for a secondary market like StubHub.
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And that's bad news for StubHub. It is, because StubHub dominates the secondary ticket market now.
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Sure, if you can't make it to the World cup game, you could use StubHub to sell your tickets. You can't go.
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But the giant business of bots and scalpers selling huge volumes of tickets on StubHub, it looks like that business is going away.
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And that's why StubHub's value is half of what they were targeting just a year ago. For our second story, the big IPO to kick off the fall is Gemini. The crypto credit card company goes public today.
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But the key to understanding Gemini is understanding the Winklevoss twins behind it.
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Ah, the first ever original zucking. It happened in a college dorm room at Harvard. Jack, could you take us back there, please?
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The blonde Winklevoss twins. They shared their idea for a social network on the Internet with Mark Zuckerberg. And that little puny freshman at Harvard allegedly stole their idea.
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Well, the Winklevi twins ended up suing Zuck. You actually saw the depositions in the movie the Social Network.
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And in the closing credits of that awesome movie, you saw the result of that lawsuit. Mark Zuckerberg paid the Winklevoss twins $60 million to settle the lawsuit.
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But what you may not know, besties, is what the Winklevi twins did with that 60 million bucks. Jack. What did they do with it?
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They bought Bitcoin in 2012 at $10.
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Sprinkle on more context, please.
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$10. Today, Bitcoin is $110,000.
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Okay, that is a 10,000x return on that Zuck money. But here's the fascinating thing, Yetis. The Winkleville twins didn't just sit on their Bitcoin billions. They actually started a crypto company called Gemini.
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Gemini. Another Zodiac. Because they're twins, right?
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The Gemini twins are part of the Greek Zodiac. Yes.
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And today, Gemini stock begins trading after their IPO valued the company at $3 billion.
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So if you're looking for a man in finance, Trust fund, six, five blue eyes. You'll see two of them on the stock exchange today. But besties. We know what you're thinking right now. Here's the real question. Do we need another crypto trading platform out there.
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I mean, look, we don't have FTX anymore, but we still got Coinbase, Binance, Crypto.com, kraken, and a dozen other crypto exchanges you'd never heard of.
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Gemini is only the fifth biggest exchange in the United States. It's the 26th largest crypto exchange by volume in the world.
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But Nick and I dove into the IPO paperwork, and it turns out buying and selling of crypto, that's not even the focus of the company.
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That's right, because the product Gemini mentioned the most in their IPO paperwork was the word credit card.
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They want to be the Amex of blockchain.
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Gemini launched the first crypto credit card, and it's the smallest but fastest growing part of their business today because the.
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Rewards for that credit card are crypto.
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Get this, like, instead of 3% cash back on dining, you're getting 3% coin back on your spending.
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That dinner date turned into Ethereum, that's in your account already.
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Honey, we need to go to dinner again. I think Ethereum prices are up.
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Now. Looking at the numbers, this is a small business. Only 58,000 customers have the Gemini credit.
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Card, and They've only distributed $5.5 million in crypto rewards to those credit card users.
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So your typical Gemini credit card customer only has got a hundred dollars worth of crypto rewards.
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But if you want to invest in crypto, then Gemini has put your points immediately into the market, where, unlike other card points, they can go up.
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The strategy is to reach a mass audience because trading crypto is scary. You could lose the money you put.
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Into the market, but instead, credit card rewards feel like you're getting free crypto.
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You're doing spending anyway. Now you're spending turned into crypto. It feels like you didn't put anything at risk.
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Yeah, your Chase Sapphire got you 50 bucks off a massage. But, oh, your crypto credit card from Gemini, Suddenly, Ethereum's going to the moon. Unless it goes down. So, Jack, what's the takeaway for our buddies over at at Gemini?
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Gemini's competitive advantage isn't its size, it's its influence.
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Yetis Robinhood has 100,000 cardholders. Amex has 100 million. Gemini. It is tiny compared to both of those.
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But the Winklevie founders of Gemini have turned themselves into a unique asset.
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Just this week, Trump praised the Winklevi twins at the White House as having the whole package looks genius and plenty of cash.
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And they've already used that influence to try to change government policy on crypto.
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Get this. This week we learned that the Winklevi asked Trump to choose a different person to lead the cftc, the agency that regulates crypto.
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To quote Alexander Hamilton, the Winklevoss are in the room where it happens when it comes to this administration.
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And you want to be in the room where it happens.
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Gemini's real competitive advantage isn't their size or their founders. Huge size.
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These guys are tall.
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It's their influence.
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Now a quick word from our sponsor, Yetis. This episode is brought to you by prizepix. You and I, we make decisions every day. But on Prize Picks, being right can get you paid.
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Don't miss any of the excitement this season on Prize Picks, where it's good.
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To be right and besties. Since I'm co hosting here with the starting backup, D3 quarterback, Jack, can you tell me what it's like being right on the football field?
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To clarify, I am undefeated in senior year. Games in which I threw touchdown passes.
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All right, never mind, Jack. I'll take it from here. On the Prize Picks app, you you can pick your sport. Let's say pro football, and then you.
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Yeti's Prize Picks is the simple way to get action on sports in over 40 states including California, Texas and Georgia.
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And wildly they offer injury reboots. So like if one of your players pulls a hammy, Prize picks won't count it as a loss. Nice.
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So download the app today and use Code T boy to get 50 bucks off in lineups after you play your first $5. That's code T boy to get $50 in lineups after you play your 1st $5 lineup.
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Prize picks it's good to be right.
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Netsuite Yetis what does the future hold for business? Can someone just invent a crystal ball?
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Download the CFO's guide to AI and machine learning for free at netsuite.com tboy that's netsuite.com tboy.
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For our third and final story before the weekend, one gas station chain is thriving more than any other. But it's all thanks to pizza.
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Casey's gas station is the fifth biggest pizza chain in America. So we're looking at Casey's Pizza profitability.
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Now, if we're gonna tell this story, I think you should reveal for the audience something that I'm shocked by. I learned only minutes ago. What is it, Jack?
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Now, I worked at a gas station in high school. I can't believe I never told you this.
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I had no idea.
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You know, I describe myself as a petroleum distribution engineer, and I actually picked up an unhealthy financial habit when I was 17.
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Yeah, dude.
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During down times when nobody was in the store, I would purchase scratch tickets. Scratch them, and then purchase more tickets with my winnings.
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It's a write off, boss. Is this how you got to become the sommelier of the local Olive Garden as well?
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That was when I was 18.
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It's a story for another pod. But besties. Casey's gas station, where Jack did not work actually has 2.7 thousand locations across Middle America. It's the fourth biggest chain in the country.
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If you live in the central time zone, then you love Casey.
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Because from the mighty Mississippi to the Rio Grande, this brand kind of looks like a cracker barrel. And an Exxon had a baby that was raised by 7 11.
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But Casey's general stores is actually a publicly traded company worth $21 billion on the stock market.
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Get this. Casey's general stores is worth more than Hilton. Twice as much as Snapchat. This company is three lifts this week.
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They've reported earnings. Sales rose 11%, profits rose 20%.
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Casey stock is up 40% this year. It has tripled in the last five years.
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I'll take premium unleaded, actually.
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Yeah, that would be the dividends.
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And yet you've probably never been because we looked at the data of this podcast and the majority of you listeners are coastal listeners.
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Yeah, we know you're like mid deep in a sweet green slop bowl right now, and you've probably never heard of Casey's, but that's why we dove in T boy style.
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Plus, three quarters of Casey's are in towns with populations less than 20,000 people right there in middle America.
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To quote John Mellencamp, Casey's was born in a small town.
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But you gotta respect Casey's because here's the surprise. It's actually the fifth biggest pizza chain in America.
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Besties. This gas station company breaks out their sales between inside the station and outside the station.
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It's the most Iowa thing I'VE ever seen. And yeah, this brand was launched in Iowa.
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Now, when they refer to their sales inside the station, they're talking about pizza sales, not gas.
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And outside is gasoline.
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Because pizza is this gas station's hero product. In fact, they sell at double the profit margin as the fuel does.
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Now, Nick's born and raised in New York. Yeah, total pizza snob over there.
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I'm not gonna lie. I'm gonna judge here, Jack. And this Casey's, it's not a New York City slice and it's not a Neapolitan pie, my friend.
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No, Casey's doing their own thing. Medium thickness, extra cheese. Pairs really well with a Dr. Pepper.
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I do respect it. It's the kind of pizza you would devour after a. So with two to three buddies, or.
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Maybe your kids and the innovation, they decided it's a three meal a day product.
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That's right. Casey's serves three different types of breakfast pizza pies.
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Bacon, egg and cheese pizza.
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Real thing. And strategically, they've priced these pies at 20% less than Domino's does.
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Which is why they sell more pizza than Papa John's.
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Now, basties. If you have ordered a Casey's breakfast pizza, please tell us in the comments if the eggs are scrambled or over easy. We couldn't tell.
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And if you own Casey's stock, tell us if the dividends are paid in the form of a gasoline voucher.
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In the meantime, these are numbers that sweetgreen would be jelly of. So, Jack, what's the takeaway for our buddies over at Casey's?
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Carl Jung. I am what I choose to become.
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Yeti's. Every other gas station chain prioritizes gas. It's consistent, it's reliable, it's recession proof.
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But Casey's did the opposite. They prioritized pizza. And now the majority of customers to Casey's don't even buy gas. They came for the food.
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They go for the food. The majority of customers. Now, gas is expensive. It is the majority of their sales, we should point out.
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But food is more profitable. So food is the majority of what counts. Profits.
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Oh, and remember when we said that three out of four Casey stars are in small towns with under 20,000 people?
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That was strategic. Yes. One of the reasons the pizza is so popular is that Casey's is the only pizza in town.
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Honey, you in the mood for pizza? It's gotta be Casey's.
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If you look at the numbers, Casey's is not a gasoline station. They're a pizza chain disguised as a gas station.
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Casey's didn't let itself get defined or labeled by its industry. It is what it chose to become. A $20 billion pizza chain born in.
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Iowa, winning on Wall Street.
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Jack, could you whip up the takeaways for us?
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For the real Friday, FIFA is selling tickets to next summer's World cup with dynam dynamic pricing and glitches.
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Seat surgeon. The goal of dynamic pricing, eliminate the scalpers. And that is bad for StubHub's business.
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For our second story, the Winklevoss twins took their $60 million of Facebook settlement money, bought bitcoin, and are now ipoing.
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Their crypto credit card company is called Gemini, and their advantage is their influence.
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And the third and final story is Casey's General Stores. It's a huge Wall street winner. The profits aren't in the gas, though. They're in the garlic.
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And to quote psychologist Carl Jung, Casey's is what it chose to become. A $20 billion pizza chain.
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But yetis, this pod's not over yet. Here's what else you need to know today.
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First, Sephora just became the first beauty chain on a delivery app.
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Sephora is actually owned by lvmh, the largest luxury company in the world.
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Now they've partnered with Uber for home delivery to rush order that mascara that you needed five minutes ago because physical.
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Stores are great for trial, but sometimes it's just an emergency.
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And second, demand for mortgages just jumped to a three year high this week as interest rates finally inched down a bit.
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On Thursday, we got the inflation report for August. 2.9% inflation, not too bad.
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With the weak job situation out there, investors are thinking that the Fed may finally cut rates this month.
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And the market has already come down in anticipation of that.
A
So with the interest rate cut potentially coming soon, that could finally loosen up our frozen constipated housing market.
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Constipated?
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The market's stuck, Jack.
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The market is stuck.
A
And finally, a phone free restaurant just opened up in Washington, D.C. it's called Hush harbor and it's on H Street.
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It's actually owned by the chef who won the Hell's Kitchen TV competition.
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Here's how this works. When you walk into the restaurant, you're given a pouch to lock your phone up in.
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And then everyone, including the staff, must keep their phone locked in that pouch at all times until they leave the.
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Restaurant so that you can enjoy your mindful minestrone and your focused fettuccine. Now, time for the best fact yet. This one is actually a correction sent in by Al Patrone from lovely New.
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York City the inventor of the polo shirt was actually Rene Lacoste.
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Yes.
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A French tennis player who created the Lacoste brand that we all know today.
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Here's how the polo was invented. Players started flipping up the collars to protect their necks from the sun. So they became. And that was the OG Popped collar.
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So Ralph Lauren didn't invent the polo shirt, but he invented the brand polo for lifestyle and fashion in America.
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Oh, and by the way, that French tennis player, Lacoste, his nickname was the crocodile, which explains why Lacoste's logo is Le Crocodile.
B
Apparently, he played tennis like a crocodile. I don't know what that means.
A
I don't know. To me, it looks not possible. Yetis, you look fantastic today. And hey, Jack, can I see your palms for a second? Let me see. Okay. As a Pisces, I'm seeing that you, you will share today's podcast with three other adults and you will say, hyh.
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Tboy, dude, I don't think palms has anything to do with the zodiac.
A
I'm seeing here that you will correct yourself about my poms idea and you will still share the podcast with three people today.
B
That's the most Capricorn thing you've ever said.
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Besties, have a fantastic weekend. Tell your buddies to Hyh tboi. That's how we grow the show.
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Nick and I, we'll see you tomorrow.
A
Celebrate the wins. See you Monday. And before we go, a happy birthday to Yeti Moro. Leos down in San Antonio, Texas, celebrating the best one yet.
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And happy birthday to Searston Breslin in Santa Clarita, California. A day one yeti.
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Here we go, Searston and George Gouldz turning 27 years old in Chicago doing logistics. We met George at the live show. George, you were looking and you still look fantastic.
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Happy 34th birthday to Megan Scott in.
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Houston, Texas, and Dan Tillman down in Woodbridge, Virginia. Happy birthday, man.
B
Happy birthday to Brian Gill in Grand.
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Rapids, Michigan, and Jack Abbas Hussein just turned nine years old in Chicago. Absolutely the most legendary nine year old at school. And a shout out to Derek and Kaitlyn Toomey over in Madison, Wisconsin. Congrats on the new baby. Everett is a beauty.
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Congratulations to Taylor from Detroit, Michigan, who just landed a new job.
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And Jack, I want to give a shout out to my wife Molly for the the first week we spent with the new baby Selena. You know, you and I get back on the microphones pretty quickly after an ibo. And Molly's doing amazingly taking care of Selena right now.
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She's an absolute legend. Great girl.
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Great girl.
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This is Jack. I own stock of Lyft. Nick and I both own some Bitcoin and Nick owns some Ethereum Bitcoin Ben and Ethereum Ethel. If you like the best one yet, you can listen ad free right now by joining Wondery and the Wondery app or on Apple Podcast Prime.
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Members can listen ad free on Amazon Music. And before you go, tell us a.
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Little bit about yourself by filling out a short survey@wondery.com survey we want to.
A
Get to know you.
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Think about the app you've been wanting to build, sell something you've created, run your community, manage your business or launch your next idea. Now imagine it's live before Today's over. Meet base 44, the fastest way to turn any idea into a fully functional app. No code, no waiting. Just describe what you want and watch it come together. Backend design and all in minutes. A real product ready to share from idea to live app fast Start building today@base44.com.
⚽ “Yellow card” — World Cup’s surge seating. Winklevii Bros’ IPO. Casey’s pizza station. +Zodiac Investing.
Date: September 12, 2025
Hosts: Jack Crivici-Kramer & Nick Martell
In this lively episode, Nick and Jack tackle three standout stories shaping the business pop-culture world:
Ticket Presale Launch:
Dynamic Pricing Explained:
StubHub’s Squeeze:
Controversy & Activism:
Notable Quote:
The Winklevoss Origin:
Gemini’s Business Model:
Competitive Advantage:
Casey’s Overview:
Secret Sauce: Pizza, Not Petrol:
Strategy:
Takeaway:
Astrology’s Outdated Math:
Memorable Moment:
Nick and Jack infuse playful banter, puns, and metaphors (“surge seeding,” “side hustle in soccer”), making dense topics like finance and economics both digestible and fun. Core messages are always boiled down to actionable takeaways, often referencing coastal vs. middle America and their own investment backgrounds for relatability.
Zodiac investing, it turns out, might need a technical update—but maybe stick to more practical risk management tools for your portfolio.
Perfect for your morning oatmeal. T-boy out!