TikTok Might Get Banned In Canada

In episode #2870, Eric Siu and Neil Patel discuss the potential ban of TikTok in Canada and its implications for national security. The discussion then shifts to Elon Musk, exploring his motivations, wealth, and lifestyle choices, including his gaming interests. Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT) TIME-STAMPED SHOW NOTES: (00:00) TikTok's Legal Troubles in Canada (02:53) Elon Musk: Power, Money, and Motivation (06:00) Elon Musk's Lifestyle and Gaming Interests (07:16) That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! Leave Some Feedback: What should we talk about next? Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

• 0:00Speaker 00

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• 0:34Speaker 01

  Did you see Canada's trying to ban TikTok? Why? I think they're in the court or something, or TikTok's trying to appeal it, but they shut down a lot of staff and people in Canada. But there's a chance that it gets removed from all of Canada.

• 0:45Speaker 02

  Did TikTok shut down your corporate operations in Canada?

• 0:48Speaker 03

  The federal government says TikTok needs to go.

• 0:51Speaker 04

  We came to the conclusion that these activities that were conducted in Canada by TikTok and their offices would be injurious to national security.

• 1:03Speaker 00

  Wow, that's big. You didn't even have that in here.

• 1:05Speaker 01

  Uh-uh. I was just in Canada. That's how I learned that. They're like, have you seen this? I was like, no, I'm kind of in the States, so I don't really see too much news on Canada. But it was talked about a lot there. And on the flip side, if you look at what's happening in the US with our presidential election, Trump last time tried to ban TikTok.

• 1:26Speaker 05

  We're looking at TikTok. We may be banning TikTok.

• 1:29Speaker 01

  And I think there could be a good chance.

• 1:31Speaker 00

  Round two?

• 1:32Speaker 01

  Round two.

• 1:33Speaker 00

  Yeah.

• 1:33Speaker 01

  But I don't think TikTok would be banned in the US. I think someone will just end up, if it goes down that path, someone will just buy it. And it'll be there. It'll just be owned by...

• 1:43Speaker 00

  Well, that's what almost happened last time, right? Or was it trying to buy it?

• 1:45Speaker 01

  Combined with Walmart.

• 1:46Speaker 00

  Yeah, yeah, yeah. That's right, Walmart.

• 1:48Speaker 01

  Yeah. Which is, it's actually a great fit for Walmart.

• 1:52Speaker 00

  Yeah, I mean...

• 1:53Speaker 01

  Ecom, right? They do so much in sales. Walmart owns Flipkart. Walmart owns a ton of stuff.

• 1:57Speaker 00

  Oh, Walmart? I didn't know Walmart owns Flipkart.

• 1:59Speaker 01

  Yeah.

• 1:59Speaker 00

  They own the big Indian e-commerce giant.

• 2:02Speaker 01

  Dude, Walmart is massive. Like, people forget about Walmart, but if you combine... All the people who inherited Walmart money, they would be, and if it went to one person, they would be worth over $200 billion, the last time I checked.

• 2:16Speaker 00

  Wow. How much is Elon worth?

• 2:19Speaker 01

  Uh, 300 and something, 309 billion, I believe, was the last number I saw.

• 2:23Speaker 00

  Yeah.

• 2:23Speaker 01

  Cause Tesla's stock's been on a tear.

• 2:25Speaker 00

  You know what the thing is, like, you never really hear him talking about money. You never.

• 2:29Speaker 01

  No, I don't think he cares about money.

• 2:30Speaker 00

  You know, a lot of people, oh my god, um, I remember talking to someone earlier in the, like, one or two weeks ago, but it's like, you know, um, how come, how come the Republicans want, well, you know, cause Elon cheated and he was giving away money to all these people, the $1 million or whatever. But, no, because.

• 2:45Speaker 01

  They were to register.

• 2:46Speaker 00

  Yeah, to register, but also, when you think about it, maybe he collected a lot of emails, that's like running ads, and he, the cost per email he got was actually relatively cheap at the end of the day. So that's just another way of running marketing, right? He didn't, he didn't necessarily buy anybody, so.

• 2:59Speaker 01

  And, he didn't tell you that you have to vote for Harris or Trump. He just said, I want you to register.

• 3:04Speaker 00

  Just register, that's it, that's it.

• 3:07Speaker 01

  But Elon does not care about money.

• 3:08Speaker 00

  No, he doesn't.

• 3:09Speaker 01

  I have to say, I bet you and I live in nicer homes than he does.

• 3:12Speaker 00

  Yeah, I mean, look, it's interesting, cause I, this week I've been asking some people, right? I'm like, hey, so why do you think he does this? So this one response I got was, oh, he's power hungry. And then, the other response I got was like, he genuinely loves what he's doing and it feels like, you know, he's having fun, right? And he just wants to, he just wants to help the world, and he genuinely thinks that if he doesn't do what he's doing, the world's gonna end, right? And that, I'm more with that response. But the people that think, oh, he's just power hungry and he wants more money or whatever, it's like, dude, he hasn't needed money for like, over 30 years, you know what I mean?

• 3:43Speaker 01

  He could have just retired after his Zap2 sale and then.

• 3:46Speaker 00

  Zip2, Zip2 slash PayPal, yeah. He didn't need a bet.

• 3:50Speaker 01

  PayPal was the next one after that, it's not the same company.

• 3:52Speaker 00

  Oh, that's right, that's right, well, it was X, and then combined with PayPal.

• 3:56Speaker 01

  Yeah.

• 3:57Speaker 00

  Uh, but anyway, he parlayed all his money, right? That means you double down, right? Um, parlay means, I think that's what parlay means, let's Google what parlay means. I'm the gambler, I should know this, right?

• 4:08Speaker 01

  But he genuinely doesn't care for like, oh my god, I'm wearing the nice clothes, or I'm wearing, I have the nicest home.

• 4:13Speaker 00

  Oh, here it is, it is correct. So, parlaying is turning initial stake or winnings from a previous bet into a greater amount by gambling, right? So, you, he got 180 in proceeds from PayPal, and he put 170 of it, I think, into Tesla, and then 10 of it, I believe, into SpaceX, and then, then he went to go sleep on his friend's couch.

• 4:35Speaker 01

  Yeah, but I believe that was because he was going through a divorce and some of his money was tied up and he just needed someone to spot him.

• 4:40Speaker 00

  Still, it's a lot of money.

• 4:40Speaker 01

  Yeah, it's a lot of money.

• 4:41Speaker 00

  So like, if you're saying, like, would you do that at that point? I don't know if you bet all in. I don't think you would. You're pretty, you're good with your money.

• 4:50Speaker 01

  So let's call it I sold PayPal for a hundred and my share was a hundred and eighty million. I probably would roll a hundred and sixty of it, one seventy max, but I'd probably roll most of all.

• 5:00Speaker 00

  You wouldn't all in, though?

• 5:03Speaker 01

  I would if I'm getting traction. I would probably go more than all in.

• 5:07Speaker 00

  I don't think he had traction at the time.

• 5:10Speaker 01

  I don't know if he had traction.

• 5:11Speaker 00

  No, he didn't. He didn't have traction. There's no way you would make that bet. I know you.

• 5:15Speaker 01

  No, no, no, no. If I had no traction, I wouldn't.

• 5:16Speaker 00

  If you had traction, you would.

• 5:17Speaker 01

  Yeah, totally. I would go figure out how to get more money and just go all in and go struggle more. I would sell my home, my clothes. I wouldn't care what I would have to sell.

• 5:25Speaker 00

  All right, so I wanted to take a second to tell you about the Agency Owners Association. So this is a agency peer group ran by my podcast co-host Neil Patel and myself, Eric Su. And these were nine and eight-figure agency owners, respectively. And what I will say is, at the end of the day, you want to learn from people that have been there, done that. If you want to grow your agency to seven figures, eight figures, and beyond, this is the group for you. And we bring in other agency owners to speak as well. And it's a great peer group where you can help each other out. And you're going to learn how to acquire more clients, you're going to learn how to take yourself out of the day-to-day, and to build the business of your dreams. And the cool thing, till November 30th, we are holding a special price. And you can apply at marketingschool.io/agency. And the great thing about it as well, if you try to get into a group, there's a seven-day free trial, right?

• 6:08Speaker 00

  So, once November 30th hits, we're going to increase the price by $200 per month. So right now, you're getting it at the lowest price possible. So go to marketingschool.io/agency to learn more, and we'll see you inside. And that's what it takes, right? And so I think it's, this is like, it's maybe we're, we'll come back to marketing in a second. But I think, I just think it's really hard for me, like, it's hard for me to understand how people vilify success. But I think it's par for the course.

• 6:32Speaker 01

  He does not care for money. Where's the yachts or any of that? People are like, oh, he has a G650 ER. I'm like, he has a G650 ER because he has to travel everywhere. He'll get mobbed if he was on, you know, going through the airport. So I'm like, other than that, what does he really have that's showing off? And even the G650, he doesn't want no one tracking it or saying where it is or anything?

• 6:52Speaker 00

  I'll tell you what he spends money on. He probably spends hundreds of thousands of dollars on his Diablo four gear.

• 6:57Speaker 01

  Yes, we were talking about that in, dude, we were talking about that in Germany.

• 7:00Speaker 00

  Yeah.

• 7:01Speaker 01

  I was like, Elon plays a video game?

• 7:03Speaker 00

  Yeah, so, okay, he's like top 20 in the world, right? So the way, the way you can actually be top 20, like, you just buy the best gear possible, and then the way you rank high in Diablo 4 is a lot of it's speedruns, right? So the faster you clear a level, then the higher you rank, right? Well, the clear level, like, you're gonna need the best gear to take the most hits from, from monsters, and then do the most damage and clear, like, you know, kill as many as you can quickly, right? And you need the best weapons for that, the best armor for that, the best spellbooks for that, the best spells for that.

• 7:31Speaker 01

  But he's probably good at playing the video game in general, that combined with...

• 7:35Speaker 00

  Yeah, spending all the gear. Yeah, you're good to go.

• 7:39Speaker 01

  Because if I bought all the gear, I probably would not even be in the top 10,000.

• 7:42Speaker 00

  No, I mean, he was a top Quake player in the world before, so that's a first-person shooter. It takes a lot to be a top Quake player in the world. All right, that is it for today, guys. Please don't forget to rate, review, subscribe, go to marketingschool.io/agency. And guess what? Neil and I, we're doing a session, a private session with the group tomorrow, marketingschool.io/agency, and we'll see you tomorrow.