Slate Money MrBeast and The Chocolate Factory
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Mar 15, 2025 The hosts dive into the plummeting US Stock Market and how headlines rarely sway it. They discuss the Trump family's possible investment in Binance and the controversial links to political pardons. MrBeast's candy bars are on the tasting table, blending celebrity with entrepreneurship. The economics of his extravagant giveaways are scrutinized, revealing the delicate balance between fame and financial sustainability. Plus, there's a fascinating look at fluctuating egg prices and the quirky impacts of AI on programming jobs.
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Market Volatility and Trump
- The stock market is down, causing concern amidst Trump's chaotic second term.
- Headlines rarely affect market movements, but this might be an exception.
Types of Market-Moving Events
- Two types of events affect markets: financial (e.g., crises) and political (e.g., 9/11).
- Political events sometimes cause temporary drops and recoveries, but financial events can lead to long-term restructuring.
Dot-Com Bubble Burst Anecdote
- Elizabeth Spiers recalls working at a startup during the 2000 dot-com bubble burst.
- Many companies, hitting Series B funding rounds, couldn't raise money, leading to a domino effect of implosions.