The Prof G Pod with Scott Galloway Prof G Markets: ByteDance’s Blowout Profit, Kalshi & Events Betting, and Dude Perfect’s Big Deal
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Apr 15, 2024 Delve into ByteDance's impressive profits and its regulatory hurdles in the U.S. Discover a new platform for trading event outcomes and its implications for finance and youth gambling behaviors. Explore the massive investment in Dude Perfect, a YouTube channel set to expand into consumer products. Plus, dive into the evolving creator economy and innovative strategies for growth, while also addressing market trends and the complexities of corporate board memberships in AI. A mix of serious analysis and light banter makes for an engaging listen!
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ByteDance's Undervaluation
- ByteDance is undervalued due to geopolitical tensions, trading at six times EBITDA compared to Meta's 22.
- Scott Galloway believes this presents a buying opportunity, especially given ByteDance's global reach and TikTok's potential.
Economic Security over Social Stances
- Prioritize economic security, even if it means investing in companies you criticize.
- Advocate for regulation through voting, but ensure personal financial stability.
Event Contracts as Gambling
- Event contracts are essentially gambling, distinct from investing.
- While potentially informative through the wisdom of crowds, they can exploit vulnerabilities and lead to addiction.
