The Prof G Pod with Scott Galloway Prof G Markets: Reddit Reignites the IPO Market, Microsoft’s AI All-Stars, and Private Equity Perks
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Mar 25, 2024 
Ed Elson, a ProfG media analyst renowned for his market insights, joins to dissect the recent IPO frenzy ignited by Reddit's impressive debut. He shares Scott's rationale behind investing in Reddit and its significance for future IPOs. The conversation shifts to Microsoft's hiring of Mustafa Suleyman, highlighting ethical dilemmas in AI development. Lastly, they explore CalPERS’ increased commitment to private equity, questioning the sustainability of its exceptional returns in a shifting economic landscape.
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Apple's Antitrust Issues
- Apple is being sued by the DOJ for anti-competitive practices, hindering the emergence of super apps.
- Their control over the iOS ecosystem and app store is central to the lawsuit.
Tim Cook's iPhone Joke
- At a conference, Tim Cook jokingly responded to a user's complaint about cross-platform messaging issues by suggesting they "buy [their] mom an iPhone."
- The DOJ cited this as evidence of Apple's monopolistic behavior.
Unilever's Ice Cream Spin-off
- Unilever might be spinning off its ice cream business due to the rise of GLP-1 drugs.
- Scott Galloway predicts a decline in ice cream consumption, affecting Unilever's sales disproportionately.