The Prof G Pod with Scott Galloway Prof G Markets: Airbnb’s Record Revenue, Buying Football Teams, and Testing Bing’s AI Search
10 snips
Feb 20, 2023 
This week features Jason Stavos, Editor-in-chief at Prof G Media, who adds his insights on market trends. They discuss Airbnb’s impressive profitability and its implications for the travel industry. The conversation shifts to billionaire investments in Premier League football clubs, highlighting the emotional allure of team ownership. Finally, they explore the new Bing AI search experience, examining its unique features and how it compares to Google, revealing both its potential and its challenges in gaining user trust.
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Bitcoin as Risk Indicator
- Bitcoin's price reflects market risk sentiment, going up means "risk on".
- Growth stocks and private market activity could increase following Bitcoin's recent rise.
US vs. UK Inflation
- US inflation, while undesirable, is less severe than in other Western nations, like the UK's 10.1%.
- Inflation erodes quality of life immediately, impacting daily expenses and potentially leading to social unrest.
Belated Crypto Regulation
- The SEC's recent crypto regulations seem belated, arriving after significant market losses and fraud.
- Galloway believes the SEC waited for public opinion to support regulation before acting.