The NIA boys discuss Telegram & Pavel Durov, $100m Podcast Deals (Alex Cooper, Kelce Bros), & Costco Japan
Timestamps:
- (00:00:00) - Intro
- (00:01:51) - Meme of the Week
- (00:08:17) - Telegram Founder Arrested
- (00:31:35) - Censorship vs. Misinformation
- (00:48:35) - $100m Podcast Deals (Alex Cooper, Kelce Bros)
- (01:06:34) - Costco In Japan
1) Pavel Durov, Telegram founder, arrested in Paris
• Warrant out since July
• Charged with crimes happening on platform
• Raises questions about platform liability
• Free speech concerns vs. content moderation
• Key issue: Telegram's encryption approach may have led to arrest
2) Telegram's encryption dilemma:
• Not end-to-end encrypted by default
• Secret chats require 4-5 steps to activate
• Group chats (200k users) & channels aren't E2E
• Helped growth, but now govt pressure
3) Podcast acquisition frenzy continues:
• Alex Cooper (Call Her Daddy): $125M deal with SiriusXM
• Travis & Jason Kelce: $100M deal with Wondery
• Podcast power law: Top 25 shows = 50% of US listens
4) Spotify's podcast strategy:
• Spent $1B+ on tech & content since 2019
• Goal: Diversify from music, own more content
• Mixed results: some hits, many misses
• Now pivoting to more sustainable deals
• Example: Trevor Noah's new contract structure (recoup + rev share)
5) Costco opens in Okinawa, Japan to MASSIVE crowds
• 5-hour line just for parking
• Why so popular? Bulk buying, Kirkland brand, low prices
• Adapts to local market (e.g. amazing prepared foods)
What Is Not Investment Advice?
Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
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