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Prof G Markets

Is AI CapEx Out of Control? + Bill Ackman’s IPO Failure

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6722 Ratings

🗓️ 5 August 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

Scott and Ed open the show by discussing the latest Fed meeting, Starbucks’ disappointing earnings, and Delta’s CrowdStrike problem. Then Scott shares his thoughts on Microsoft and Meta’s earnings and breaks down why capital expenditures have become so outrageous. Scott and Ed also discuss why Bill Ackman struggled to attract funds for his IPO, and what that says about a chronically online group of people. Note: For our analysis on Friday’s selloff, tune in to Prof G Markets on Thursday for our discussion with Mark Mahaney, Evercore’s Senior Managing Director and head of internet research. Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Support for this show comes from Shopify.

0:04.5

When you're starting your own business, it seems like your to-do list never stops growing.

0:10.1

Finding the right tool that simplifies everything can be a game changer.

0:14.1

For millions of businesses, that tool is Shopify.

0:18.1

Shopify is the commerce platform behind millions of businesses around the world,

0:22.4

from household names like Mattel and Jim Shark to brands just getting started. If you're ready to

0:28.0

sell, you're ready for Shopify. Turn your big business idea into with Shopify on your side.

0:35.8

Sign up for your $1 per month trial and start selling today at Shopify.com slash Vox Business.

0:41.9

Go to Shopify.com slash Vox Business. Shopify.com slash Vox Business.

0:52.0

Support for this show comes from Indeed.

0:59.3

With Indeed sponsored jobs, your post jumps to the top of the page for your relevant candidates.

1:01.5

So there's no need to wait any longer.

1:06.1

You can speed up your hiring right now and find your next great hire with Indeed.

1:13.6

Get a $75-sponsored job credit to get your jobs more visibility at Indeed.com slash Vox Business.

1:20.8

That's Indeed.com slash Vox Business. And support the show by saying you heard about Indeed on this podcast.

1:28.3

Indeed.com slash Vox Business. Terms and conditions apply. Hiring, indeed, is all you need.

1:35.9

Today's numbers, 180,000 and 200,000. That's how many people attended the white dudes for Harris fundraising event, and white women answer the call, which was the largest

1:41.1

Zoom meeting in history. Let's turn this back to me.

1:48.9

I asked a hero of mine, no joke, on the Zoom to say the following.

1:52.3

I'm Luke Skywalker, and I'm here to rescue you, Mr. Galloway.G.M.E.E.E.E.E.E.E.E.E.E.E.E.E.E.E.E.E.E. Ed. That's right. The farm boy from Tattoine who went on to be one of the most powerful Jedi Knights battling the Sith. That's right. He gave a shout out to me, Ed.

2:21.6

Jealous? Jealous? Do you even know what Star Wars is, or do you just watch, like,

2:24.7

Ariana Grande or Bridgeton?

...

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