Episode 46, the atomic number of palladium, the number of mountains in the 46 peaks, the age at which I started experiencing erectile dysfunction, developed a home remedy for ED that consists of snorling a pound of sea Alice.

Of course, I like to call it a Tuesday night. Is that wrong? Go, go, go!

Welcome to the 46th episode of the Prop G show. In today's episode, we speak with Neil Irwin, a senior economic correspondent at the New York Times and the best selling author with Neil, we discuss economic learnings from the Trump era, which challenges lie ahead of our economy and his thoughts on the stimulus. Okay, what's happening?

We have some business to discuss you and me. So last week by dance, the parent company of TikTok announced that it was launching a payment service for Dwayne. Am I saying that correctly? Dwayne, Dwayne?

The Chinese version of TikTok as a way to build its presence in the country's e-commerce space. The total transaction value in the digital payment space is supposed to be $7 trillion this year and continues to grow at a compound annual growth rate of 12%.

$7 trillion business going 12% a year, catching, get into payments. You know, I've been talking about getting into edtech or health tech. Let's change that to Fintech, specifically payments within that.

The market's largest sector digital commerce will register 4.2 trillion. You know who shares a CEO of the payments company? One guess, that's right Twitter. Slow roll, nose ring, jack dorses, silent retreats, vacationing and French Polynesia.

I wonder if he splits this time between two archipelagos. Anyways, he's built a platform that has registered anemic growth and little to no innovation, although while becoming a serving platter of disinformation that profits off of rage, it ends up that engaging in misinformation or trafficking and misinformation is a bad business.

But it also ends up engaging in misinformation or trafficking and misinformation sub scale is the number three. It's not only it's not only bad for the Commonwealth, but it's just really fucking stupid on the day of Twitter's IPO in 2013.

The equity closed at $45 per share as of market clothes on Monday. The share price sat at $47. I think it's above $50 right now. So let's say, okay, great. You're up 10% in the last eight years versus versus what?

700% at Facebook, the New York Times is outperform Twitter. The New York Times has outperform Twitter substantially. If you could go back in time, you would say to your mom and dad, oh my God, don't invest in Twitter, invest in that high growth relative to Twitter company, the New York Times, see above anemic growth since 2013.

Twitter has been outperformed by all of its competitors, including snap Google, the aforementioned New York Times and Facebook compounding the company's poor return to shareholders.

Full disclosure, I'm a Twitter shareholder, which probably explains the rage in my voice. Management's inability to address toxic content on the platform has rendered Twitter, a handmade dissolution. The firm needs to jumpstart product innovation embrace vertical content and adopt a subscription based model. The thing that gets me so fucking frustrated here is the upside.

The upside is as enormous as the gross negligence demonstrated by management and the board that is put up with this bullshit Twitter's potential is enormous. The platform serves as the circulatory system of an information age with unprecedented region influence were Twitter to command the space at occupies.

The company could generate commensurate financial results. I hate that term commensurate financial. They could they could go big fucking bank and I'm not talking about the ass of someone on Twitter. I'm talking about crazy shareholder appreciation here in seven years as a public company.

Twitter stock has failed to keep pace with inflation. This has not only been because the company does not offer a compelling product. The platform has enjoyed accelerating user growth and now both nearly 190 million daily active users. However, however, the company has not kept pace with its peers, interning a compelling product into a strong business or put another way the business model and management's ability to monetize this product has been incredibly.

The company's strategic thinking brightens up a room by leaving it out of Pinterest snap Facebook and Twitter. Twitter is the only company to see average revenue decrease per user since 2018. That's right. Everyone else has figured out a way to increase the revenue on their platform per user except for the bird.

Twitter has managed to win her for its failures and assigns the same multiple of revenues as men's economy peer Facebook which generates nearly 20 times Twitter's revenue. So Facebook a mature company not growing as fast.

Twitter is a society inviting all sorts of warranted scrutiny and that's the multiple assigned to Twitter. Twitter moving to a business model that does not traffic and misinformation with unlocked tremendous value as evidence by other platforms for example snap and Pinterest who use their algorithms to amplify interest not amplify anti-vax ridiculous fucking con all this bullshit about first amendment.

The first amendment states the government's a personal law that inhibits or prohibits free speech has nothing to do with a private company for God's sakes. They've all built algorithms the traffic and interest versus rage except for Facebook and Twitter that have decided I know let's use our algorithms to become what was that sky now.

So as Twitter's growth potential coupled with a focus on stakeholders not just shareholders would bring tremendous upside to shareholders it's no secret that the former president's behavior on the platform for the past four years turned Twitter stock around in fact the stock had declined 63% from its IPO.

The day Trump took office and then accelerated to 110% until the day of Biden's inauguration or specifically until the day the Twitter 1449 of 1460 days into his tenure decided to suspend his account and then finally what do you know finally what do you know they take his account down in the stock declines why because they built a business around rage and misinformation and use the president's hate rage and

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