Valuetainment - November 15, 2022


How Twitter Will Turn Into A Trillion Dollar Company - Patrick Bet-David Makes A Prediction


Episode Stats


Length

10 minutes

Words per minute

209.32031

Word count

2,165

Sentence count

206

Harmful content

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Elon Musk bought the company for $44B on May 5th and is on track to be a $1trillion company within 5 years. Here are 10 reasons why I believe it will be a trillion dollar company.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.200 Six months ago, I said this about Twitter, and some people thought I was crazy.
00:00:03.840 I predict Twitter's right now worth what?
00:00:07.180 Forty-some billion dollars?
00:00:08.180 Can you pull up what Twitter's worth today?
00:00:09.600 Should I invest on Twitter today?
00:00:11.300 If you can get it, the rounds are 100 million.
00:00:14.760 If you can get it, and there's not a lot of people that are sitting on 100 million dollars of cash.
00:00:19.260 That's the challenge.
00:00:20.380 Market cap, 38 billion dollars.
00:00:22.100 Okay, here's what I'll tell you.
00:00:23.700 Now, Twitter, ran by Elon Musk, will be a trillion-dollar company within three to five years, and that's the latest, which means, and by the way, this is my opinion, okay?
00:00:35.940 This is, if you do it, you lose money.
00:00:37.460 That's your risk.
00:00:38.140 This is my opinion.
00:00:40.200 I think this is a trillion-dollar company.
00:00:43.200 I think that 40 goes to a trillion.
00:00:45.600 That's 25x.
00:00:46.580 You put a million bucks, you're going to make 25.
00:00:48.220 You put 10 million bucks, you're going to make 250.
00:00:49.760 You put 100 grand, it's going to be a $2.5 million investment because if Facebook's worth a trillion, if Google's worth a trillion, if Amazon's worth two, if, you know, I think Apple's worth three, whatever the number is, this is going to be a trillion-dollar company because the people that ran Twitter, they don't know how to make money, and Elon knows how to make money.
00:01:07.780 He's going to create different chips, whether it's going to be you want a blue chip to get rid of the bots, $4.99 a month.
00:01:13.080 You want an additional benefit to do this, $19.99 a month.
00:01:16.640 And you want the ultimate, it's $100 a month.
00:01:18.440 He's going to make money off of Twitter, and he's going to bring so many different ideas that nobody's even thinking about.
00:01:25.020 Most people think Tesla is a car company.
00:01:27.460 It's a battery company.
00:01:28.820 That's why he doesn't like selling Tesla because he knows Tesla's going to be a $10 trillion company, and he knows he's going to be the first trillionaire in the world.
00:01:35.660 He's probably two to five years away from being a trillionaire.
00:01:37.900 This guy's going to be a trillionaire.
00:01:39.000 We're going to have a trillionaire within the next 24 to 60 months.
00:01:42.140 But Twitter, by this guy running it, I have a feeling this thing's going to go to the roof.
00:01:47.720 So that was May 5th.
00:01:48.900 And by the way, I may still be wrong, but I'm going to make my case to you.
00:01:51.920 Ten reasons why I believe Twitter will be a trillion dollar company.
00:02:03.200 So first of all, let's get some context.
00:02:04.760 He bought the company for $44 billion.
00:02:06.720 So if I say it's going to be a trillion dollar company, we're talking about 22, 23X.
00:02:10.960 It's very, very difficult to do so.
00:02:13.760 But let me make my case to you.
00:02:15.220 Odds are on my side to be wrong.
00:02:17.160 So first of all, let's get some context out there.
00:02:18.840 He bought the company for $44 billion.
00:02:20.640 A lot of people said he overpaid for the company.
00:02:22.640 And to be a trillion dollar company, he needs to 23X or some number like that, right?
00:02:27.040 It's a big number.
00:02:28.080 But here are 10 reasons why I believe it's going to be a trillion dollar company.
00:02:31.020 Number one.
00:02:31.660 So the first point may just wrap up the whole video here, but here's what it is.
00:02:34.520 You ever heard of WeChat in China?
00:02:35.840 It's a trillion dollar valuation company, roughly.
00:02:37.960 It's Uber in one app.
00:02:39.580 It's conferencing.
00:02:40.600 It's shopping.
00:02:41.340 It's Venmo.
00:02:42.140 It's PayPal.
00:02:42.780 It's Twitter.
00:02:43.720 It's content creator.
00:02:44.760 YouTube.
00:02:45.560 Everything under one app is called WeChat.
00:02:48.520 And Elon can potentially turn Twitter into WeChat.
00:02:51.560 And if he does, it's a trillion dollar valuation.
00:02:54.000 Number two.
00:02:54.820 If there's one thing Elon's going to figure out how to do is how to make money.
00:02:57.340 By the way, let me give you an idea.
00:02:58.200 This whole Twitter blue that they did $4.99, I signed up right off the bat.
00:03:01.680 The verification, $8 a month.
00:03:02.980 As much as people are complaining about it, they're going to get the verification blue.
00:03:06.940 And what that's going to do, $8 a month.
00:03:08.460 It's going to eliminate so many bots, all the fake people, it's going to eliminate.
00:03:12.340 Here's the part a lot of people are not talking.
00:03:13.920 We saw AOC saying, here's a place for free speech.
00:03:16.780 And free speech wants you to pay to have free speech, $8 a month.
00:03:19.820 You know LinkedIn, the app that a lot of people use, that's a very, very, very valuable platform.
00:03:25.580 Do you know how much they charge?
00:03:26.900 The lowest level membership at LinkedIn is $29.99 a month.
00:03:30.700 It's premium career.
00:03:32.000 Premium business is $59.
00:03:33.240 Then it goes $79.
00:03:34.100 Then it goes $119 a month.
00:03:35.280 And some people pay for it.
00:03:36.440 Some people don't pay for it.
00:03:37.480 What if he created that option on Twitter for different tiers that other people pay?
00:03:42.940 And why is he doing this to raise money and get more money coming in?
00:03:47.060 Because point number three, he wants to bring content creators to start creating content on Twitter.
00:03:52.460 So imagine how many people who are creating content right now on TikTok, on Instagram, on YouTube.
00:03:58.240 But on Twitter, when you create content, you get paid nothing.
00:04:01.240 What if now you can start making money on Twitter and they add ads in front of it.
00:04:05.480 And now you're making money.
00:04:06.560 So content creators are like, man, I'm going to take this clip.
00:04:09.260 I'm going to put it on Twitter as well.
00:04:10.400 I'm going to create content specifically for Twitter.
00:04:13.060 He's making money so he can pay content creators.
00:04:16.500 So more eyeballs come in.
00:04:18.300 So user goes up.
00:04:19.740 So valuation goes up.
00:04:21.140 Because capitalism works in a way where you got to make money.
00:04:23.660 And Elon knows how to make money.
00:04:26.700 Point number four.
00:04:27.220 TikTok, formerly known as Musical.ly, is one president away from being banned in America
00:04:32.380 because both Democrats, Republicans, independents don't trust TikTok, just like India banned
00:04:38.860 TikTok in all of India.
00:04:40.560 1.2, 1.4 billion people.
00:04:42.660 America could be next to ban TikTok.
00:04:45.120 And if they do, people are going to lose their minds.
00:04:48.280 A lot of them.
00:04:49.460 But they're going to take their talents elsewhere.
00:04:51.680 Just like they took their talents when they left Vine.
00:04:54.900 Wait.
00:04:55.400 Point number five.
00:04:56.820 He's bringing Vine back.
00:04:58.040 And Vine is like TikTok.
00:05:01.640 So will TikTokers move to Vine? 0.99
00:05:05.120 What happens if that happens?
00:05:07.400 Here you go again.
00:05:08.600 WeChat, TikTok, Twitter, YouTube, everything combined.
00:05:12.340 Valuation goes up.
00:05:14.000 That's why he's bringing Vine back.
00:05:16.180 Because it's going to attract the TikTok talent when TikTok is banned in America.
00:05:21.060 Point number six.
00:05:21.700 Facebook is getting destroyed right now.
00:05:23.460 It's just the reality.
00:05:24.280 But they lost market cap roughly $800 billion.
00:05:26.940 That is not a mistake.
00:05:28.680 They were a trillion-dollar, $60 billion company.
00:05:32.080 Meaning 1.06, $1 trillion company in 2021.
00:05:35.420 They're a $250 billion company right now.
00:05:37.260 Some number like that.
00:05:38.580 Zuck lost $100 billion of his network.
00:05:42.100 Why is Facebook getting crushed?
00:05:44.020 They chose Meta.
00:05:45.040 They spent roughly $31 billion just trying to develop Meta.
00:05:48.640 The Facebook audience is going all over the place.
00:05:51.120 They don't trust what happened with FBI involvement, all this other stuff.
00:05:54.640 But people, again, on both sides do not trust Facebook.
00:05:58.560 That audience will go somewhere.
00:06:00.780 And they're most likely going to go and find a home with Twitter.
00:06:04.180 Because more Americans trust Elon Musk than they do Zuckerberg.
00:06:08.180 That Q score is out there.
00:06:09.380 You can find it to see how people feel about both.
00:06:12.580 The level of people that trust Musk is much higher than the amount of people that trust Zuckerberg.
00:06:16.380 And nowadays, that matters a lot.
00:06:18.540 Point number seven.
00:06:19.020 There's a whole audience of free speech that are afraid of creating content on YouTube, on Facebook.
00:06:23.440 Just the other day, guys were tagging me on Instagram Valuetainment.
00:06:26.200 And they were sending me screenshots saying, do you know if I right now tag Valuetainment, Facebook says this, and Instagram says this, and free speech.
00:06:32.360 And I'm worried what's going to happen with free speech.
00:06:34.500 Those people who are afraid of free speech, there's one place they're going to feel very comfortable going.
00:06:38.460 No matter how much they trash them, it's going to be Twitter.
00:06:40.480 The free speech community has officially found a home as of right now, and it's called Twitter.
00:06:46.580 Not Facebook, not YouTube, definitely not TikTok.
00:06:49.900 It's called Twitter, and they're all flocking over to Twitter.
00:06:53.300 Again, more users, more valuation, more profits.
00:06:56.680 Eighth, cutting workforce.
00:06:57.820 This guy knows what he's doing when it comes down to Twitter.
00:06:59.740 He just announced, I think even today he announced 50% of people getting emails.
00:07:03.020 There's like a class action lawsuit right now to sue Elon because Twitter is just suddenly firing these guys.
00:07:08.780 It's 3,750 people that are getting fired here today.
00:07:12.380 My own speculation is he's firing everybody on Twitter because he wants to move out of Silicon Valley to move to the headquarters to believe in Texas or maybe Florida.
00:07:20.420 Do not be surprised if Twitter moves.
00:07:21.740 This hasn't even been talked about by anybody.
00:07:23.660 I just think they may move out of state, and that's why he's letting people go, to go to an easier regulated state like Texas.
00:07:29.660 Imagine if that were to happen.
00:07:30.760 People would lose their minds in Silicon Valley if that were to happen.
00:07:34.460 This guy knows how to save money, and he knows how to run a tight shop,
00:07:37.240 and he's going to be saving a lot of money when you let go of 3,750 people.
00:07:41.680 You run on tighter margins, which means bigger profit margins,
00:07:44.640 and which means he's got more money to invest into things that actually helps the company grow.
00:07:48.080 That's the next part.
00:07:48.880 Point number nine.
00:07:49.520 Do you know this guy, when he bought Twitter, what's the first thing he did?
00:07:52.080 One of the first things he did, he brought Tesla engineers to look at Twitter's technology.
00:07:57.740 Let me get this straight.
00:07:58.700 The same engineers that created a computer, that became a car, that even AOC bought,
00:08:05.200 and she drives a Tesla.
00:08:07.120 She, a socialist, loves his car.
00:08:09.360 The capitalist.
00:08:10.340 Can you imagine this love affair?
00:08:12.440 He brought 50 engineers from Tesla to say,
00:08:15.080 hey, can you look at the technology on Twitter to see how we can make it better?
00:08:18.980 He brought brains.
00:08:20.480 Brains that built another trillion-dollar company market cap.
00:08:24.340 I think it peaked at a trillion.
00:08:25.420 I don't know where it's at right now, 680, 650, 700-billion-dollar company.
00:08:30.100 Will you bring those minds to look at the engine, to see what Twitter's got?
00:08:33.960 You know what's going to happen.
00:08:35.440 They're just going to figure out a way to make it better.
00:08:37.740 And last but not least, why this is going to be a trillion-dollar company.
00:08:40.320 You ready?
00:08:41.000 Because of a guy named Elon Musk.
00:08:43.220 Elon Musk was part of PayPal Mafia.
00:08:45.600 Elon Musk built SpaceX into a 125-billion-dollar company.
00:08:49.320 Elon Musk built Tesla into a trillion-dollar company.
00:08:51.720 Right now, with the market being down, it's at 650 or so.
00:08:54.000 So, Elon's resume is the best resume when it comes down to increasing market cap to a company today in America.
00:09:01.220 No one's got a better resume than him.
00:09:02.520 There's a lot of good resumes.
00:09:03.880 He's got the best resume as a capitalist and a capitalist increased valuation and money coming in.
00:09:08.600 So, Elon, at the helm right now, he calls himself a bunch of different things.
00:09:12.300 Chief customer service officer, chief this, chief that.
00:09:14.920 He knows how to troll people.
00:09:16.040 He's having fun.
00:09:16.640 He's talking to everybody.
00:09:17.820 He's the best customer service rep in the world today.
00:09:20.240 He's responding back to customers at a $250 billion net worth.
00:09:24.820 How many people, you know, at that level are responding back to customer service?
00:09:28.360 This guy's doing it.
00:09:29.360 He's unique.
00:09:29.880 He's different.
00:09:30.380 He's not like everybody else.
00:09:32.340 This is the situation where when you have the horse and a jockey, who do you bet on?
00:09:37.560 You bet on the jockey.
00:09:38.580 Matter of fact, I made a video about this maybe four years ago when the whole question was,
00:09:43.160 should we invest into Tesla when the company was worth, I don't know, $50 billion, $40 billion?
00:09:48.020 And the conversation I made in this video is, you got to bet on the jockey.
00:09:51.640 If you've not seen that video, click over here.
00:09:53.080 Number two, if you want to take a quiz to see what you're driven by, because Musk is driven by madness.
00:09:59.960 When you take this quiz, you'll realize there's four different things everybody is driven by.
00:10:04.480 One is advancement.
00:10:05.980 One is selfish desires that you have individual recognition.
00:10:10.120 The other one is purpose.
00:10:11.320 And the other one is madness.
00:10:12.360 If you haven't taken this quiz yet to find out what drives you, click here to take that quiz.
00:10:17.900 With that being said, have a good one, everybody.
00:10:19.900 Take care.
00:10:20.340 Bye-bye.