4.8 • 1000 Ratings
🗓️ 18 November 2019
⏱️ 16 minutes
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0:00.0 | So you beautiful bastards. Hope you've got a fantastic Monday. Welcome back to the Philip DeFranco Show. |
0:04.9 | Buckle up, hit that like button and let's just jump into it. The first thing we're going to talk about today is actually just a number of quicky updates and quicky news. |
0:12.4 | And the first of these involved Kardashian-Gener News, which if you just contrast the headlines here to that of what you would expect seven, ten years ago. It's wild. So you had Kylie Jenner, |
0:22.3 | who of course, you know, we saw that Forbes headline in the past, youngest self-made billionaire, |
0:27.0 | although people had some issue with self-made. Whatever descriptor you want to use there, |
0:30.4 | the money is real and in fact now more real than ever thanks to a report. The Kylie Jenner |
0:34.7 | is selling 51% of Kylie Cosmetics to Cody Inc. |
0:38.3 | for $600 million, which means that there's a valuation of $1.2 billion on the company, right? |
0:43.3 | It confirms that Kylie Jenner is a billionaire now. |
0:46.3 | It's also just kind of an amazing thing to witness. |
0:48.3 | This company didn't exist until 2015. |
0:51.3 | I believe almost no money was spent on marketing. Right, it speaks to the power of the |
0:55.5 | individual influencer because her social media was used. Right. And I mean as the primary means to |
1:00.0 | market these products. And hey, maybe in five, 10 years when this company is worth 50 or a hundred |
1:04.2 | billion dollars, people will be like, oh, it was the wrong move. It seems like at the very least, |
1:07.6 | this is a smart hedging of her bets. She makes a ton of money now and if the company succeeds in the future, she's still a part of that, although at a 49% share. |
1:15.2 | And then the other bit of Kardashian news involved Kim Kardashian. |
1:18.9 | Remember a little while ago when we talked about Rodney Reed, he's the Texas inmate who's set to be executed? |
1:23.2 | You know, you had Kim Kardashian, the Innocence Project, and then also a ton of others trying to get this execution stop. |
1:28.7 | And you had Reed's attorney having filed an appeal, claiming among other things that the state had provided false testimony. |
1:34.3 | And of course, if you want the deeper dive specifics there, I'll link to our previous coverage down below. |
1:37.8 | But the main point, the big news and update to this story is that the Texas Board of Pardons and Paroles unanimously decided to stay indefinitely the execution of Rodney Reed. |
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