New Glenn Explodes, Enterprise AI Enters ROI Era, The Dinosaur Fossil Boom | Diet TBPN

Diet TBPN delivers the best of today’s TBPN episode in 30 minutes. TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays 11–2 PT on X and YouTube, with each episode posted to podcast platforms right after. Described by The New York Times as “Silicon Valley’s newest obsession,” the show has recently featured Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella. Follow TBPN: https://TBPN.com https://x.com/tbpn https://open.spotify.com/show/2L6WMqY3GUPCGBD0dX6p00?si=674252d53acf4231 https://podcasts.apple.com/us/podcast/technology-brothers/id1772360235 https://www.youtube.com/@TBPNLive

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00John Coogan?

  A bunch of stories. We're going to go through mostly the stories that have just broken in the last 24 hours. The first is this insane video from Blue Origin. Very, very disappointing to see. Blue Origin's new Glenn rocket just blew up at LC landing, LC 36 while attempting to static fire ahead of NG4. We can watch this video because it is absolutely insane.

• 0:25Jordi Hays?

  Looks like a nuclear bomb went off.

• 0:27John Coogan?

  It looks like a, like, like a scene from Oppenheimer. It looks like a Christopher Nolan movie. This is absolutely remarkable. Everyday astronaut says, oh my God, that was a very big one. I hate to see setbacks in progress. This is not good. That has to be extremely, extremely frustrating. Brendan Gurrell broke down a little bit of the back and forth on this particular rocket initiative. Jeff Bezos' rocket company suffered a catastrophic failure last night when its new Glenn rocket, a reusable heavy lift orbital spacecraft designed to compete with SpaceX's Falcon Heavy. And we were talking about this in the backdrop of

• 1:07John Coogan?

  the, of the SpaceX IPO, and I heard Brad Gerson talking about this on CNBC. I think someone was playing a Gerson interview in the, in the studio today. And he was saying, the launch business is fantastic, but it's not enough without Starlink, which is a fantastic business. But that's not enough without the AI business, which is a fantastic business and growing. And so to just have a launch business and then have a setback like this has got to be extremely frustrating if you're competing with a company that's going to raise 80 billion. I don't, I forget how much SpaceX is actually going to raise, but they're going to raise a lot of money. They're going to have a lot of capital to deploy in their march towards ever more frequent and, and ever more frequent.

• 1:49Jordi Hays?

  Yeah, especially painful. You know, Blue Origin started before SpaceX. We talked about this before.

• 1:55John Coogan?

  That's been hard.

• 1:56Jordi Hays?

  And yeah, unclear, unclear how much. We'll set them back, but certainly.

• 2:02Jordi Hays?

  Disappointing.

• 2:03John Coogan?

  So the good news is that no one was hurt, which is incredible because you see the rocket, it looks like it's surrounded by a city. It looks like there's buildings around and to see that much destruction with no one injured at all is a miracle and I'm so happy to hear that. Jeff Bezos tweeted, "Very rough day. We'll rebuild whatever needs rebuilding and get back to flying. It's worth it." And Elon chimed in with some words of encouragement. "Space is hard." A lot of folks were sending their encouragement because I think even if you're, you know, a SpaceX maxi, it's, it's, it is very exciting for America to have multiple heavy launch capability providers in the market. It's good. It was very exciting

• 2:45John Coogan?

  when New Glenn got to orbit, came back. That was the second time that that sort of rocket technology had been demoed and it was demoed in America. Sort of even our second best rocket provider is better than everyone else in around the globe. What else do you have, Tyler?

• 3:01Speaker 02

  Yeah, just some added context. So this was the, this was the fourth test. This was prepping for the fourth test. In the third test, if you remember, this is when the rocket kind of correctly went up, but then deployed an AST satellite in the wrong orbit.

• 3:15John Coogan?

  Oh, yeah, just in the wrong orbit. Wait, but that was New Glenn?

• 3:17Speaker 02

  That was, yeah, that was the third test.

• 3:19John Coogan?

  That was pretty recent. So they're on a pretty good cadence here, but this is still a huge setback.

• 3:23Jordi Hays?

  AST down 16% today.

• 3:27John Coogan?

  Because of this, most likely. Interesting, interesting. So Elon Musk lent his support, tweeting, "Most unfortunate. Rockets are hard." That's an understatement. A lot of people were saying like, if you think software engineering is hard, you could have been a rocket scientist. It is, after all, rocket science. The explosion caused extreme structural damage to its only functional launch pad, while Blue Origin has successfully reached space a number of times with other vehicles. New Glenn has, has, has had just one successful flight out of three attempted tries. From 2006 to 2008, Elon Musk had three consecutive failures with Falcon 1 before successfully launching it. And so failure is, you know, is a natural state of these pursuits, but never fun to watch it happen. There were some

• 4:12John Coogan?

  people that were syncing up the different angles. There were some different angles on this that were absolutely crazy to see.

• 4:18Jordi Hays?

  Yeah, this one from truthful.

• 4:20John Coogan?

  Truthful. This is the one that you want to see. This literally looks like a nuke went off. So scary. Yeah, vertical footage, absolutely crazy. Amazing footage from the local.

• 4:31Jordi Hays?

  I wonder what the reaction is from the people?

• 4:33John Coogan?

  Wow, that's really far away.

• 4:35Jordi Hays?

  It's far away, but it's also a pretty big mushroom cloud.

• 4:38John Coogan?

  Yeah.

• 4:38Jordi Hays?

  I imagine maybe they walked to their cars.

• 4:40John Coogan?

  Yeah, I saw some people saying like, "I don't want to hear about my carbon footprint ever again because this seems like uh, an immensely disastrous explosion."

• 4:49Jordi Hays?

  Uh, other people were saying Bezos did Romans rocket launch from succession IRL. If you remember this scene, we can pull it up.

• 4:57John Coogan?

  Yeah.

• 4:58Jordi Hays?

  You haven't seen succession.

• 4:59John Coogan?

  I've seen the her season. I haven't seen the full thing.

• 5:02Jordi Hays?

  But he has a pet project.

• 5:04John Coogan?

  He does.

• 5:04Jordi Hays?

  Yeah.

• 5:05John Coogan?

  Okay.

• 5:05Jordi Hays?

  And it blows up.

• 5:06John Coogan?

  It blows up. That's certainly dramatic. I feel like that makes for good, good TV.

• 5:11Jordi Hays?

  Yeah, we were, right before the show started, we were talking about the nominative determinism of Blue Origin. John said it blew up.

• 5:20John Coogan?

  Bum bum.

• 5:22Jordi Hays?

  But, uh, or, you know, blue as in sort of sad.

• 5:25John Coogan?

  Feeling blue.

• 5:26Jordi Hays?

  Sad.

• 5:27John Coogan?

  Yeah.

• 5:27Jordi Hays?

  Sad start, uh, but.

• 5:28John Coogan?

  They will rebuild.

• 5:29Jordi Hays?

  They will be back.

• 5:29John Coogan?

  Uh, so OS Int Defender says daylight reveals the extent of damage caused to launch complex 36 in the surrounding area of Cape Canaveral's Space Force Station in Florida, following last night's massive explosion of Blue Origin New Glenn during a static fire test. And there was a static fire test that went poorly at Starbase, uh, and they had a similar explosion. And people were regarding that as like a major setback, and maybe it was, but at the same time, we saw a very successful launch of uh, starship just a week or two ago, and so.

• 5:59Jordi Hays?

  This looks way better than I would have thought.

• 6:02John Coogan?

  Yeah, I agree. It looked like total destruction. I was expecting like a crater.

• 6:05Jordi Hays?

  Zoom out a little bit.

• 6:06John Coogan?

  I was expecting a crater in the ground.

• 6:08Jordi Hays?

  Yeah, so, so.

• 6:09John Coogan?

  This one.

• 6:10Jordi Hays?

  You can see here clearly a lot of damage.

• 6:12John Coogan?

  Not good.

• 6:13Jordi Hays?

  Right around the pad, but there's plenty of other infrastructure.

• 6:16John Coogan?

  That seems to be still standing, and so, uh, you, you should in theory be able to rebuild. But, I mean, with anything rocket related, you have to imagine that every nut and bolt on that, on that uh, tower, even though it is standing, needs to be re-inspected, re-examined, make sure that it's not corroded. Uh, there's got to be so much work for the team. They have my full faith. That they will get it done. Well, shifting over to the token maxing debate, people are spending more and more on tokens. There's been a complete fast takeoff in enterprise AI adoption, but people are raising questions about what is the ROI on these? There's a whole bunch of companies that are grappling with this. Some good news and a lot of questions for where this goes next. So we'll take you through it.

• 6:58John Coogan?

  So the big news is that Anthropic recently passed 47 billion in ARR and raised a massive Series H 65 billion at 965 billion post-money valuation. They're almost at 9999999. Last November, Claude Code was going viral among a lot of early adopters and small vibe coding apps were launching daily, but Q2 2026 was clearly a massive moment for Fortune 500 wide-scale rollouts. And so this has become a double-edged sword for some organizations. Token maxing dashboards have been reportedly led to potentially ROI-negative AI use at name brand companies like Meta. There was the talk of a token maxing dashboard, people leaving

• 7:43John Coogan?

  things running overnight that weren't necessarily productive just because they want to rank up on the dashboard. That's obviously very expensive. Uber went back and forth on, well, we blew through our budget, but a lot of people were saying, well, if they set a budget in 2025 for their token spend in 2026, like the capabilities have gotten so much better, the models have gotten so much more expensive.

• 8:02Jordi Hays?

  Yeah, so theoretically you should find more budget.

• 8:05John Coogan?

  Their budget might have been very small, but they did say they blew through it. And then the chief operating officer said, I think he was the chief operating officer, said something like, oh, we're struggling to understand the financial impact and like the ROI on this stuff. But his actual, his actual comments, as you unpack them, were much more reasonable and he wasn't completely, you know, dooming on the ROI of the spend. He was just saying that like the next, the next iteration will be understanding the impact to the bottom line of this spending. And then AWS was also reported and Axios is having spent something like half a billion dollars in a single month. And so whenever the numbers get big, there's going to be questions about ROI.

• 8:47John Coogan?

  The bull case is that the cost per task completed by AI will decrease very quickly. So even if you're spending half a billion per month on AI or tokens today, the same output will be available next year, maybe for a tenth of the cost. Maybe next year it's half the cost. Like even even if there's no optimizations to the systems, the hardware depreciates. And then more power comes online, like the market solves these things pretty quickly.

• 9:13Jordi Hays?

  Yeah, it's naturally deflationary.

• 9:15John Coogan?

  Yeah, yeah. And I think we've seen that where where capabilities have gone open source. They've gone cheaper. They've been distilled and you get, you know, 90% of the value. Maybe you don't get the exact same flavor of really frontier model.

• 9:27Jordi Hays?

  There was an example of, you know, people are using L L Ms to get the weather report.

• 9:31John Coogan?

  That was a funny one.

• 9:33Jordi Hays?

  Can be, I'll admit, I've done that before.

• 9:35John Coogan?

  Yeah.

• 9:36Jordi Hays?

  It can be very convenient.

• 9:38John Coogan?

  Typically you'd go to like a free chat app for that, not a coding model.

• 9:44Jordi Hays?

  But sometimes it's nice to just ask chat.

• 9:46John Coogan?

  Yeah, I I've been running into this a lot with people. I I ran into somebody yesterday who was telling me that they have a they have an agent that looks through their their iOS contact book and sees if they added any any new contacts. And I remember being at a conference and, you know, you're changing, you're exchanging numbers with people and it's hard to tell if you add someone to your contacts, like, who'd you add like, because you can't. It's a very weird Apple feature that they don't have sort your contacts by recently added. That's just like a UI feature that Apple should add. They haven't, but there's like a $2 app that does that, basically. It just looks at your contacts, but you can also do it in the agentic way and have it email you or synthesize everything and go way further. And there's a, you know, a debate about what's the value there?

• 10:30John Coogan?

  And and people are making that those trade offs in their personal life. They're also making it in the enterprise. But of course, the stakes are a lot higher in the enterprise because everything has five extra zeros behind it, if not nine extra zeros behind it. And so there's debate about over whether AI tooling is being pointed at the most high leverage problems in these organizations. Like, are you just picking up things that are deep in the backlog and they were de-prioritized? Probably for a good reason because they were never really going to move the needle. But now you can just say, hey, go churn on the all these backlog items. That's maybe not ROI positive at current token prices, might be in the future.

• 11:06Jordi Hays?

  Yeah.

• 11:07John Coogan?

  But maybe the cutting room floor should remain the floor and not be, not everything should be shipped necessarily. Outside of stories like workers checking the weather with AI agents or running endless loops, trying random different make work projects. There's definitely a worry that truly needle moving features aren't being pulled forward like people would expect.

• 11:26Jordi Hays?

  Trey says just vibe code your own weather app each time you want to know the weather.

• 11:30John Coogan?

  Yes, yes. I think you have a post about that in the timeline.

• 11:34Jordi Hays?

  Yeah, who is?

• 11:35John Coogan?

  Fear not the man who has vibe coded 50 apps. I fear the man who has vibe coded the same app 50 times. That was a good post. And so you, you probably don't want a literal token maxing dashboard. I think everyone has, has, has tested with it.

• 11:52Jordi Hays?

  Metas tried it. Anthropic has it.

• 11:55John Coogan?

  Had it. I think they, I think they took it down or something, but Meta, same thing. It's easy to get obsessed and, and the token backing dashboards pop up not just in the, not just in the literal, like, who is on the leaderboard, but also if you give someone a budget, they can kind of see it as like, okay, well, my boss gave me a $1,000 token budget or a $10,000 token budget or a $100,000 token budget. If I am not using it, if I'm not putting it to use, then I don't look like I'm deploying the capital that I was given. Like if you give a marketer, you know, a brand budget of a million dollars and they come back to you and they say like, sorry, boss, like I only spent a hundred thousand dollars.

• 12:40John Coogan?

  You'd be like, well, like who'd you talk to? Like, why didn't you find good use of that funding? Like it's very rare. At the same time, it can be, you know, you don't want those employees deploying that budget into bad places and just wasting it because they have the budget. So these are, these are common problems across all aspects of the enterprise. And so I think the future looks a little bit like Jevon's paradox. Of course, when something becomes more efficient to use, people often, often end up using more of it, not less. And then also good heart's law. When a measure becomes a target, it ceases to be a good measure. And so we, we live in a world defined by Jevon's paradox and good heart's law. And you put those together.

• 13:18Jordi Hays?

  The combination of those, many people will call that Coogan's law.

• 13:22John Coogan?

  Coogan's paradox.

• 13:23Jordi Hays?

  Coogan's paradox.

• 13:24John Coogan?

  Both Jevon's paradox and Goodhart's law are true.

• 13:28Jordi Hays?

  Madison Mills.

• 13:30John Coogan?

  Yeah.

• 13:30Jordi Hays?

  Over at Axios had some good reporting on it. I was, uh, we were, we were on a flight.

• 13:38John Coogan?

  Hmm.

• 13:38Jordi Hays?

  When I found out, uh, when I saw that, that reporting that someone had spent, uh, half a billion dollars.

• 13:44John Coogan?

  Yeah.

• 13:45Jordi Hays?

  A month, kind of accidentally and, and, uh.

• 13:48John Coogan?

  And we'd heard rumors of similar numbers.

• 13:50Jordi Hays?

  Just imagining the conversation of the, the first person to kind of like find the number and then, you know, hey, maybe, maybe we should talk to the CTO about this. Okay. Yeah. Probably time to bring CFO in.

• 14:02John Coogan?

  Yeah.

• 14:02Jordi Hays?

  Hey, hey, boss, uh, we accidentally spent half a billion dollars in the last 30 days.

• 14:09John Coogan?

  It's a lot of money.

• 14:10Jordi Hays?

  All right. What did we, what did we make?

• 14:12John Coogan?

  Yeah.

• 14:12Jordi Hays?

  What did we do?

• 14:13John Coogan?

  What did we do?

• 14:13Jordi Hays?

  How did we spend it?

• 14:14John Coogan?

  What did we get done? It's tough.

• 14:16Jordi Hays?

  What did we get done this month?

• 14:17John Coogan?

  We, we.

• 14:18Jordi Hays?

  And there was, there was, there was a lot of like, there was some conspiratorial posts, people saying, oh, how.

• 14:24John Coogan?

  Circular deal.

• 14:24Jordi Hays?

  Yeah. How, how convenient for Amazon, who obviously owns a lot of, you know, the big labs.

• 14:30John Coogan?

  Yeah.

• 14:30Jordi Hays?

  To spend all this money.

• 14:31John Coogan?

  Yeah.

• 14:32Jordi Hays?

  On Anthropic, right when they're raising a round and they got this revenue multiple, blah, blah, blah. I, that's not really how it works. Like it wasn't like this round, what, like this, this round wasn't like they were just, okay, we're going to give you XX revenue.

• 14:45John Coogan?

  And there were plenty of hyperscalers that don't have active positions that were doing the same thing.

• 14:49Jordi Hays?

  Yeah.

• 14:50John Coogan?

  Like this was a broader trend. Uh, but yeah, it is, it is a crazy skyrocketing cost, but I mean, we see this all the time.

• 14:56Jordi Hays?

  Overall, I'm, I, I think it's healthy how quickly things corrected.

• 15:00John Coogan?

  Hmm.

• 15:00Jordi Hays?

  It's not like this was, I mean, and of course some companies won't correct, but it is a healthy dynamic that companies were, hey, we got a little bit ahead of our skis for a couple of months.

• 15:11John Coogan?

  Yeah.

• 15:11Jordi Hays?

  Now let's be a little bit more.

• 15:13John Coogan?

  Stack rank the tokens, cut all the unnecessary token spend, keep all the good token spend. I mean, we see this all the time with, uh, there'll be some vibe coded project out there that's, uh, like incredibly high token cost with very little value. And then on the flip side, you'll have someone that actually built something really cool with, you know, just like their default $200 a month, uh, you know, subscription. And they didn't actually have to token max to get the product to where they wanted it to be. Uh, because they, they, they knew what they were building. They used the tool like a scalpel, not a hammer, and they got a good outcome. So the Wall Street Journal has some more coverage of this. Corporate America is starting to ration AI as costs skyrocket.

• 15:55John Coogan?

  Executives are scrambling to track returns on AI investments as the bill for massive computing needs come due. We talked to Spencer Raskoff from Match Group about this. He was sort of sharing a very reasonable token spend, I think, in the single-digit millions, but he was still saying that like, one of the tasks that him and his team will be embarking upon over the next year will be understanding the ROI on that investment, because you should be tracking it, just like digital marketing dollars that go out the door. What was your ROI? How did it move the needle? Use of artificial intelligence by big companies is exploding, and the soaring costs has some of them pumping the brakes in a way that could complicate AI's triumphal march across the

• 16:40John Coogan?

  economy. Are they pouring cold water on it? We'll see. Executives across the industry this year have urged employees to integrate AI tools. Wired has a whole AI for Business deep dive that you can go take their survey into their work. Spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won't be left up behind in a coming wave of disruption. All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic units measurement for AI computing. Now, corporate leaders are scrambling to bring down expenses by finding ways to ration AI. Top technical executives for Uber, Meta, Microsoft, Salesforce, DoorDash, and other companies have all talked about new efforts to ensure AI use contributes to productivity

• 17:24John Coogan?

  or have taken steps to reduce the availability of some tools for certain employees. You get nerfed if you're not putting up big numbers. We should move on. First, we got to talk about the fossil hunt. Big spenders are pursuing Tyrannosaurus Rex skeletons. This was on the cover of the Financial Times. It's the most important story in the global economy, according to the Financial Times as of Thursday. This is an old edition, but this is interesting. Sotheby's is to auction a 67 million-year-old Tyrannosaurus Rex, two years after it sold a Stegosaurus fossil to hedge fund owner Ken Griffin for 44.6 million. I thought Ken Griffin was.

• 18:03Jordi Hays?

  I didn't know Stegos were getting up there like that.

• 18:06John Coogan?

  Yeah, I didn't know he was diversified.

• 18:07Jordi Hays?

  You know, I feel like T-Rex is up here in desirability, and then everything else is.

• 18:13John Coogan?

  Yeah.

• 18:13Jordi Hays?

  You know, way.

• 18:14John Coogan?

  T-Rex is the Ferrari of dinosaurs, stegosaurus.

• 18:18Jordi Hays?

  I always like that kind of a minivan of dinosaurs.

• 18:20John Coogan?

  Minivan? I was gonna say Lambo. I was gonna say Lamborghini, they're on a rise, you know, the, the, the true, the true dino heads know that there's something there. They're starting to pick up momentum, but they don't have the heritage. They don't have as much of the heritage. I don't know.

• 18:33Jordi Hays?

  Yeah, I'm more of a, I think I could get into an ankylosaurus.

• 18:37John Coogan?

  Oh, ankylosaurus, okay.

• 18:39Jordi Hays?

  Ankylosaurus, uh, triceratops too.

• 18:42John Coogan?

  Yeah. I mean, the brontosaurus, like the big guys, that's, that's special. You gotta have a special, special viewing area for that. Well, uh, this T-Rex is named Gus, after Gary Gus Licking, the rancher whose land it was found on in South Dakota, where it'll be auctioned at Sotheby's with an estimate between 20 million and 30 million, the highest for a dinosaur fossil on July 14th.

• 19:05Jordi Hays?

  Um, I was at a buddy's house.

• 19:07John Coogan?

  Yeah.

• 19:08Jordi Hays?

  Uh, recently, and, uh, he just pointed over at this box.

• 19:12John Coogan?

  Yeah.

• 19:12Jordi Hays?

  And it was, it was a dinosaur.

• 19:14John Coogan?

  Ooh.

• 19:15Jordi Hays?

  And he hadn't taken it out of the box. He's like, I've had it for a few years now.

• 19:18John Coogan?

  Well, is it a glass box that you can see in?

• 19:20Jordi Hays?

  No, no, no. It's a wooden box. It's just a crate.

• 19:22John Coogan?

  What's in the box? Schroders dinosaur fossil.

• 19:26Jordi Hays?

  Let the dino breathe.

• 19:26John Coogan?

  Maybe. Uh, the planned sale in New York highlights how the auction house is betting on the fossil market as a place where the wealthy will spend big. The pre-auction estimate for Apex, which is, uh, the Citadel boss, Griffon's stegosaurus, was four to six million.

• 19:42Jordi Hays?

  And it was Brachiosaurus. Brachiosaurus is a go-to. Brachiosaurus has a crazy.

• 19:48John Coogan?

  Ooh, Odd Lots did a podcast about this? Amazing. We gotta listen to that. Uh, the overwhelming majority of fossil buyers still want to lend their purchases to a museum. Uh, Apex is now on display at the American Museum of Natural History. Uh, that is fun story. If you're in the market, go pick it up. Go pick up a T-Rex. You gotta do it. Uh, it's the ultimate, the ultimate collector's item. It's the Pokemon card for boomers or something like that.

• 20:16Jordi Hays?

  Prepared remarks.

• 20:18John Coogan?

  Yes.

• 20:18Jordi Hays?

  Is sharing some signals. You tell us what kind of signals they are. Kyle Kuzma, the AI Maxi. Stocks ripping 10 to 50%.

• 20:27John Coogan?

  He's coming on the show.

• 20:28Jordi Hays?

  On 13F of some chud. Can't be Leopold he's talking about.

• 20:31John Coogan?

  Hmm.

• 20:32Jordi Hays?

  It's no chud.

• 20:33John Coogan?

  Mm-hmm.

• 20:33Jordi Hays?

  Uh, Dell plus 40% on earnings after being plus 150% year-to-date. Dell is now 222, up 222%.

• 20:42Jordi Hays?

  Here to date, not bad.

• 20:44John Coogan?

  Michael Dell.

• 20:44Jordi Hays?

  Not bad for somewhat of a, I'm not going to call it a dinosaur, but um.

• 20:49John Coogan?

  Well, it's been taken private, taken public.

• 20:51Jordi Hays?

  Yeah.

• 20:51John Coogan?

  Fascinating history of that company, but.

• 20:53Jordi Hays?

  A great American technology company. Uh, one trillion dollar company is moving 20% on sell side notes. One and a half trillion space hold co of, he says turds.

• 21:03John Coogan?

  Hmm.

• 21:05Jordi Hays?

  Uh, 10 to 20% intraday moves for no reason. Software with AI exposure plus 100% in a month.

• 21:10John Coogan?

  He's blackpilling, moving on, take him.

• 21:13Jordi Hays?

  So we were, uh, someone else said this morning, uh, I also thought it was a top signal when Jensen signed.

• 21:22John Coogan?

  Yeah.

• 21:22Jordi Hays?

  That infamous shirt.

• 21:23John Coogan?

  Yeah, the shirt or, or even when he was drinking with his buddies. Everyone was like.

• 21:28Jordi Hays?

  But I, I, that was.

• 21:29John Coogan?

  You thought that was bullish, but yeah. He, he looked very confident going to earnings and, and he, and he was confident for good reason.

• 21:35Jordi Hays?

  Chris says what we've all been thinking.

• 21:38John Coogan?

  Oh, what is that?

• 21:39Jordi Hays?

  Can you die from a lack of being called big dog?

• 21:42John Coogan?

  Hmm, it's a big question.

• 21:44Jordi Hays?

  It's a big question. Do you get called big dog too much?

• 21:48John Coogan?

  No, not very often. I don't know. I think you have to put yourself in the right.

• 21:52Jordi Hays?

  Let's work on changing.

• 21:53John Coogan?

  There are certain spaces where you might get called big dog.

• 21:56Jordi Hays?

  Yeah.

• 21:56John Coogan?

  And you have to, you have to attend. You have to open yourself to the opportunity. You have to open the door to being called big dog. Like if everyone knows your name, they're just going to call you your name. You have to be, uh, you have to be walking around in a certain space.

• 22:08Jordi Hays?

  Deep fate, this was the post we had earlier. I fear not the man who vibe coded 50 new apps, but the man who vibe coded one new app 50 times. It's a banger post. I think he meant to say, but the man who vibe coded the same app 50.

• 22:24John Coogan?

  Yeah.

• 22:24Jordi Hays?

  Times.

• 22:25John Coogan?

  Yeah, the same new app 50 times, something like that.

• 22:28Jordi Hays?

  Uh, this was good over on Reddit, r slash CFA. Would it be considered insider trading if I'm on a hunting trip or safari with a CEO of a large firm? And they get mauled by hyenas and I start buying put options on their firm? Let's say I go to Tanzania.

• 22:45John Coogan?

  This does not sound hypothetical.

• 22:47Jordi Hays?

  The CEO of a very prominent firm in the United States when we suddenly get overran by a pack of a dozen hungry hyenas. However, I and my youthfulness are of course quicker than this old man and I managed to escape and hide behind a rock while the hyenas maul him. If instead of helping him fend them off, I open up Robin Hood and start buying put options on his company, would this be insider trading? There's absolutely no way this can be priced into the stock predicted. Oh, but the material, non-public info, blah, blah, blah. Okay, but what if before I buy the puts, I post a video of him getting attacked on my public Instagram story? What then? Thoughts? Purely hypothetical.

• 23:28John Coogan?

  Does not sound hypothetical. Well, it all depends on what the market thinks about the CEO, because it's possible that the market sees this as a bullish signal that the CEO is no longer there.

• 23:38Jordi Hays?

  He's clearly pricing in the 21% nuke salute, you know, where the market, at least briefly, sells off 21% and then hopefully pops back up.

• 23:47John Coogan?

  But of course, everything is priced in.

• 23:48Jordi Hays?

  Of course, people are saying it's priced in.

• 23:49John Coogan?

  Everything's priced in.

• 23:50Jordi Hays?

  Brad Hunt, ask John about his new basketball.

• 23:52John Coogan?

  Can so is the car here? We have the basketball. Nick, can you go get the basketball that's in my driver's seat or in the passenger seat? Because we were at Laurel Supply yesterday, which makes Air One look like a 7-Eleven. It makes it makes Air One look like a 7-Eleven. It's so above. No.

• 24:11Jordi Hays?

  Laurel Supply is the new Air One in LA. It is not.

• 24:18John Coogan?

  It's very nice.

• 24:19Jordi Hays?

  Not an actual Air One. Everything is a one-to-one copy of Air One. They didn't they did not. It's like it's disorienting. They did not try to differentiate a single thing. They copied every item on the menu. They copied every

• 24:32John Coogan?

  Delicious food.

• 24:33Jordi Hays?

  Every, every single item. In my culture, that's very offensive, because if you're going to go through the process of creation.

• 24:40John Coogan?

  Yeah, you'd think you would be able to do something differently. Okay, but outside of Laurel Supply, I receive from, I get stopped by a person who I believe is in the chat, and he says, here is a basketball. I got this for you because he's raising money for a company, Punter, and it says, invest in the future of sports, punter.us/invest. And he had this basketball with a QR code on here. What a unique way to draw attention to your company. What a unique way to pitch someone. And you know, you know, we love a basketball in the, in the We do. Studio. Although we use a soft one. John loves it when we're playing basketball. Because there's a lot of camera gear, so we don't throw a full-size basketball.

• 25:23John Coogan?

  We use a, we use a foam one. But thank you to the Punter team for making this possible. Very interesting drop, very fun, very fun way. Yeah, excited to check that. And what a great, what a great way to end the show. We had an NBA star on the show, and we finish with a basketball. Have a great weekend. We'll see you on Monday. Have an incredible weekend. Have a great, have an incredible weekend. I can't wait for Monday. Leave us five stars on Apple Podcasts and Spotify. Sign up for our newsletter, tbpn.com, and we will see you on Monday. Goodbye.