Why Netflix Dominates, China’s Economic Strife, Year of Reckoning for Startups | Prof G Markets
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- Опубліковано 16 чер 2024
- This week on Prof G Markets, Scott shares his thoughts on why VC-backed startups are burning through so much cash, and what 2024 has in store for them. He then breaks down Netflix’s latest earnings and discusses its unexpected competition. Finally, he takes a look at China’s markets in light of the country’s struggling economy.
Timestamps:
00:00 - This week's number
00:28 - Today's episode
03:57 - Market Vitals/Headlines
17:45 - Year of Reckoning for Startups
25:46 - Why Netflix Dominates
34:07 - China’s Economic Strife
42:41 - Week Ahead
42:58 - Prediction
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Ed, you gotta broaden your music horizons and get into some classic New Wave. INXS’ Listen Like Thieves is timeless!!
As an Aussie it's rfreshing to finally hear someone say how barren Australia is. It's garbage for making money. Also interesting to hear how a lot of the points Scott makes are symptoms of the 18.6 yr Real Estate cycle. Great pod cast as usual Scott 👍
What Scot said about Aus v America in the Intro was spot on. Which is why Im trying to get my ass to the US
GREAT content guys!!!
You should have 2 million likes...
Ramp it up :)
Thanks
Whenever I see these thumbnails, I think Ed is a younger prof. Undergoing Benjamin Button experiment.
Ed (Skywalker) to Scott: yeah that's what I was asking you! That's funny!
I'm pretty interested in the TikTok study. What constitutes "pro-Israeli" (Pro nation of Israel? Pro Netanyahu government and policies? Pro Gaza invasion?) and "pro-Palestinian" (Pro Palestinian state? Anti-Israel? Anti-Gaza attack?)? When a movement has traction and they feel comfortable defending their position, the "hype" is typically magnified disproportionally to the current position. Finally, I'd like the know the longitudinal statistics - specifically going back to October. I would venture around October 10 there was a disproportional shift in videos uploaded on TikTok supporting the Israelis. Having written that, I wouldn't be surprised in the least if the Chinese were at least nudging the numbers.
The Chinese Government is using every trick in the book to surpass the west. They are poisoning our food, filling us with phthalates that change our DNA,… You name it they’re doing it. They’re playing the long game. In their hearts they seek world domination, unfortunately.
Aussies love you too Prof!
Perhaps the video tally for one topic vs another could also be compared against the percentage of world against and for cease fire....
@TheProfGShow , Love the content and looking forward to new book. Could we get an episode with , @ZeihanonGeopolitics , to gain additional perspective on China's and other current conflicts' effects on markets?
Thanks!
This
@@CaseyAndrewWoods The people have spoken. We want Peter! We want @ZeihanonGeopolitics
Ed nailed it in diagnosing my sentiments regarding the Israeli/Palestine conflict, I don’t have TikTok, and somewhat resent Scott continuously bringing this issue up every week, instead of just following up on what Ian Bremmer said, that ppl are frustrated by the IDF carelessly continuing this war
I like your Australia story. From an Australian
based
Love it
Economy is doing great if you are in upper part of society, but for everyone else it is simply not working. Everything is too expensive, and if you are fresh out of college, chances are you will never own your own home
This has been the story for at least 25 years (the housing boom hid it for a while). The top 20% are doing very well, the top 1% are going gangbusters, and the rest are struggling to make ends meet. The US isn't seeing a rise of populism because of random chance. The wealthy have so far done a good job of pointing blame at other poor people (immigrants) but nothing will change until our attention is focused on the wealthy who are taking most of the profits and the upper middle class who horde what's left over.
statistically, you're more likely to end up homeless than to own a home-
@@supersleepygrumpybear No you're not, the homeless represent 0.2% of the US population. You must be another tiktok propaganda victim.
Timestamps/Chapters. Could we have them in the podcast,too? Please.
Ed, thank you for speaking up for younger generation on tiktok. I'm much older demographic but absolutely abhor when old guards call them brainwashed. these kids saw the overwhelmingly one side view in default state and showed propensity to defy consensus that brings to light the other view.
The TikTok stuff is so frustrating because it's so obvious, but people ignore it for a quick dopamine hit.
Trying to keep my 9yr old daughter far far far away from TikTok as long as I possibly can.
I don't know I'm a young person and I've never been on tiktok and been supporting Palestine since 2014. There might be something tiktok pushing the scaled one way, but I think young people generally side with people they see as oppressed.
Not me
I am watching on TV as well right now..
Hey gents, with regards to Tesla, can you do a breakdown of there revenue sources? You say they are a car company, but are they not also an energy company like Shell having their own recharge network competing with Shell's gasoline outlets? Makes me curious what are actually the main income streams for Tesla 😊 BMW just makes cars, Tesla so much more. Right?
Tesla is a retail investor cult stocks for delusional Tela fanboys!
Just buy the dip and let their engineers cook
Scott, your jokes are great.
Don’t encourage him
😀@@gabrielo8922 That was my idea
Not just China; Japan also has had a plummeting birthrate for many years without implementing a one-child policy. Children are becoming a liability more and more, especially given justifiable growing pessimism about a world worthy to grow up in, starting with climate change alone. There's also the looming threat of nuclear annihilation at its highest since the cold war, the solipsism of newer generations and alienation, the negative effects and exploitation of technology, corporatism and neoliberalism, and other sociopolitical factors or at least perceived factors.
Now, social and political problems change, evolve, and can be fixed. We can't refreeze permafrost and glaciers, however. I saw a lot of this coming when I was young in the 80s and decided not to have children. As I like to say I love my unborn children too much to have them. I don't regret my decision and am in fact quite relieved.
Why can’t we refreeze the glaciers? In order to achieve net zero, we’re going to have to overbilled solar so that, in the summer time, we will have multiples of more energy than we can possibly use. We will use some of that energy to suck CO2 out of the atmosphere. Then the question Will become “ at what temperature shall we set the world’s thermostat?!” That will be quite a tussle!
Where can we find data to back up the "median forward PE multiple" of 5x for China? Timestamp: 39:10 - 39:30
Bitcoin is covered on every Prof G Show episode, but is it actually relevant enough to get this level of focus?
Not a crypto guy but bitcoin does have a larger market cap than Tesla
It’s interesting Netflix has such low churn because in my opinion they seem to have prioritized quantity over quality and it shows. I watch Netflix the least out of Max, AppleTV and Hulu. Just find their content to mostly be really basic these days.
I hate Netflix because I can never find anything I want to watch. I find all the Netflix made movies to be insipid. The only decent movie makers is HBO. Now I watch UA-cam almost exclusively.
NETFLIX, had it since day one. Max is horrible, had it for a long time and I am about to let it go ( honestly if it were for BILL M. I would have dumped it a while ago). I love the shows APPLE is pumping out., great character development and good stories. UA-cam, I have UA-cam playing almost half the day in a window on my 2nd screen while working during the day.
PROF G. would be an amazing character for the WWE, get ready to put your mask on & lay the smack down.
Tesla is with out a doubt a software company, but yes completely over valued at the same time.
Apple, makes some great TV shows. Much better than Prime video. Amazon makes hot trash.
It’s almost as if Netflix is a streaming company that’s not like the other streaming companies. Which the market gives them a higher multiple for….due to their positioning in the market. Hmm sounds familiar 🧐
Ed's not really up to the important trends & examples of popular music in the last half of the 20th Century; but neither are our grandkids. ✨
Scott answered his own inquiry. Google and meta have shown bias against Pro-Palestinian content. Making tik tok the boogy man on this issue seems stretchy but Idk what they know in that group chat.
I think Eds comeback for Scotts theory on young people being pro Palestine because of Chinese influence on Tiktok hit the nail on the head. Maybe there is a bit of influence there for sure but I think its plain ignorance and bias to think that that's the key factor to peoples sympathies with Palestine. I think the more obvious and blatant reason for young peoples support of Palestine is that young people are more clued in to the atrocities that are happening in real time. I really dont understand why Scott would make this prediction other than to discredit peoples pro-Palestine support. Scott can come up with all the theories under the sun to justify his silly support of Israel at this stage of the war but its clear to anyone with a moral compass that they are disgustingly on the wrong side of the war now.
Totally agree with you.
Totally. It was good to see Ed pushing back on Scott who’s totally losing it. I think pro-Palestine are also watching pro Israel people like Scott but he doesn’t understand. So, we’re getting a range of views. I’m not learning about Israel history of occupation on TikTok but rather UA-cam with experts, debate (like on Piers Morgan), reports on Human Rights Watch, Amnesty, Haaretz, etc). TikTok just shows updates on the current situation, protesting happening that the media won’t show you. Scott and the people who are on his new group on WhatsApp want more censorship to cover for Israel’s genocide. Human Rights Watch reported in December 2023 about Meta’s policies of silencing voices in support of Palestine but no crying from Scott and his WhatsApp group. TikTok is the platform not controlled or influenced by “the only democracy in the Middle East” or its special interests.
😂🎉 Today's opener was a hilarious !!!🤭🤣
Sex jokes are the laziest and juvenile. One step above a poop joke.
It just screams, I've never grown up!
@@wesleybaker9724 & that's fine, as long as you're able to be vulnerable on platforms of this nature, it is always good to go with transparency... This way your specific audience will always be tuned in.
It’s funny how the professor can see how a software company can hunker and improve efficiency when the market is in a down turn and when the market returns the wind is at their back. But yet he can’t see that same scenario for Tesla. It’s cause his dislike for Elon blinds him.
Thanks gentleman as well as your team working in the shadows. Don't know if this is what you were going for but every time I listen to your show, I get the feeling I'm invited in the back store to watch how the sausage strategy of the corporations you discuss is made. Well done !!!
Short term, Tesla will get battered. But I think they'll win in FSD eventually - they're the furthest ahead and going faster than everyone else. FSD will make cars a winner-take-all market. Owning that is a good place to be.
Ed- you need to listen to Peter Zeihan discuss the future of China’s demographic & economic issues. I would suggest the Vietnam is a better option for future manufacturing.
Zeihan is an idiot,but yeah they have a demographic problem!You dont need the bullshitter Zeihan to know that
Agreed...
Can't buy into China
What shocks me is the amount of pro Israel/Genocide information in the US media. Prof G, you don't really get it when you talk about Isarel/Palestine
Netflix would turn the tide if they hosted music videos
tesla PE dropped from 70s to 40s...still the OG meme personality stock
elon's SpaceX problem is elon needs cash. divest more from tesla...or spacex.
on top of that, elon's ukraine nonsense means he has given the pentagon the motivation to redirect investments because he proved himself a national security threat
Except for an older version of Office, I don't have anything Microsoft. I am sure in the background I am using something from MS - but no $$$ coming out of my pocket to MS. And I rarely use Office anymore.
- The last company I owned had one Windows PC due to one country's bank's insane online banking system that used some very old MS technology. Once they switched systems, we threw out the PC around 2020.
- Any of the larger companies I go into these days all use MacBooks except at the admin level. And anyone who shows up to higher level meetings with a PC Notebook usually are the Do Not Fit In type of person (or IT - same thing : )
Anyone else out there use anything from MS beside Windows and Office?
CEO arguably the finest, most brilliant this century. Coming from tech lifer perspective of old school TXN, IBM,
More.important DELL for philanthropy Happy SXSW. 🌹
Just because they have MacBooks doesn’t mean their not using Microsoft (this seems to show your age a bit - I think we both remember when Microsoft barely supported Apple products - those days are long gone). MacBooks are good quality machines, of course the higher ups want to use the good looking machine. Microsoft makes it money in servers and cloud as much if not more than the office products. You’d be surprised how many services you probably use or used and have as their backbone Azure.
How do you explain that Boris Johnson is a TikTok star ? Daily Mail correctly assumes UK print market is about to vanish but can surprise with skills transfer. The TikTok audience shows a depth of interest in available sources. Don't assume anything about how this is "controlled".
Scott needs a second coming down under 😂
I'm 45 Scott.
Sometimes it's best Not to _Overthink_ it...
*FREE PALESTINE*
🍉🍉
I love people who take a side on the Middle East - keep posting free Palestine I’m sure it will somehow make things better for the Palestinians - I mean you’ve been shouting it for 70 years, it’s bound to work eventually 😂 the truth is if you want a free Palestine than you want to destroy Iran - because Iran is using the idea of Palestine to further animosity towards Israel but more importantly Saudi Arabia. That’s theyre next war. If you want to help Palestine educate yourself - don’t just repeat what feels right. Taking sides in the Middle East conflicts is being a pawn. Demand cooperation, demand a real solution - taking sides is what they want. That way you keep the war going.
As a side not free Palestine form what? Israel basically withdrew from Gaza and wiped its hands I. The early 2000s - then Hamas took over and drove the place further into the ground. The truth is no one in the region likes the idea of Palestine as a reality, but man is it a motivating fantasy for the masses (as you have shown).
Such a great show...it is the 101 about financial markets with great insight and commentary. But Scott does not need to start the show with off-colour comments/jokes. The show does not need it. Admittedly, though, I will continue to watch the show even with the off-colour stuff. I guess the ratio of good to bad is still outstanding!
The Chinese upper middle class are moving here to Thailand in droves, and any Russian that has money is moving here too, the very wealthy Russians are moving to Phuket, I live here on the gulf south of Bangkok 120 miles. Smart people want out of those countries, a severe youth, wealth and brain drain.
Fundamental Attribution Error
Lousy jokes, but I like 'em....
The United states should not be supporting the continued occupation or genocide. If Scott’s theory that our young people are being manipulated toward being on the right aide of history and it is divisive, then we owe them a debt of gratitude for the push in the right direction. It is one thing if the United States chooses to stay out of it, but to be complicit in murder is shameful, and in ten years we will act all shocked when a young man whose parents were murdered with us arms, grows up to hold a grudge.
I'm pretty sure Michael Hutchence died before Ed was born.
You're old when you and Scott know who the musician is but Ed does not. That's me BTW, the old guy.
TikTok is the greatest Trojan Horse ever created.
The stock market is not the economy
I am now spitting on every ones back, WWJD?
You don't give enough credit to young people. They sympathize with the Palestinians because they can see the genocide going on in Gaza. I mean you can see it too if you're not biased in favor of Israel. The difference with other platforms is that TilTok is not censored in regards to that particular topic.
Scott, you are very good at what you do ... but those jokes offend so many [not me] but just doesn't jive with the content of the show! Ed is awesome and put up with a really bad joke last week [and survived]. Double Ed's pay!!!!
Scott, you could be a lot more clever with your sex jokes by being less overt and more classy. (My British girlfriend has taught me this skill. Maybe get a clever British girlfriend to help you.) I like the jokes but I’m sure you’re losing customers.
You lost money shorting a spac, so hopefully spacs are a thing of the past.😂
44:00 Asking the question whether kids are predisposed one way or another is irresponsible to even ask. They are young people who know nothing yet. That is why organizations target young people because they are impressionable and have no real life experience yet. I understand you want to ask questions and challenge things, but it's just an obvious answer and you are putting this as a possibility in the heads of kids. Seriously think about what you say before you say it.
Tesla was ALWAYS a motor vehicle company with some add on income sources (recharges)...will NEVER be a leading company in China as Chinese will not allow it. Fair value no more than 160.
Scott learn how to say 'premier' league like an englishman. Prem-e-ya not prem-year
With the ' come again' joke I think we just lost the evangelicals....heck I think even Jesus lost the evangelicals
It's dispectful regardless of your personal views. Again, he would never say about another major faith.
Your take on Tesla is sooooo bad 😂😂😂 you’re going to continue to be wrong. All cars will be EVs, humanoid robots. 2023 was lower for all car companies because prices were through the roof!
Just the way Fox caters for conservatory viewers, can tik tok be serving only for Palestine supporters?
The argument of weaponising TikTok to explain the 54-to-1 ratio seems one-sided. Meta and Google heavily restrict pro-Palestinian content, leading creators to turn to TikTok and X, generating drastically more content and engagement. The situation is far worse for Arabic content which is pretty much censored, and considering the long-standing US and EU (social) media manipulation, a correction is likely overdue even if temporary.
No one talking about chinese consumer psycology. You think that you dont like losing money....youre nothing compared to chinese hurt.
Calculus of Decency: It is a violation of basic decency to involve the Son of God in one of your dirty jokes. Scott, you would never do that to Islam, Hinduism, Buddhism, or any other religion. Being an atheist isn't a free to pass to be sacrilegious to Christianity. You owe Christians an apology. More importantly, you Christ an apology.