Latest / Financial Survival Network / Business Trends and The Twitter Showdown - Carl Gould #5858

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Business Trends and The Twitter Showdown - Carl Gould #5858 · Financial Survival Network

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They're going to also become more energy efficient because our electrical grid just simply cannot
0:05
support the amount of electrical vehicles that the government would like to see on the
0:09
road in the next you know, decade or two. So you know,
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it's fund of those self fulfilled prophecies. It's nice to stay, but the
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reality is is there's just not enough altricity to power the cars. You're listening
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to Carrie Letz's Financial Survival Network where you get valuable information. You just can't
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find anywhere else to thrive in today's trying times. You need the Financial Survival
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Network now more than ever. Go to Financial Survival and Network dot com and
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get your free newsletter in gift Financial Survival Network now more than ever, And
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welcome you are listening to the Financial Survival Network. I'm your host Carrie lets
0:54
Well. Carl Gould is with us. Now. If you follow this man's
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advice where less what business you're in, you're going to make more money.
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You're gonna do better. Carl. It's great to have you on. So
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the web is ablaze with the showdown between Threads and Twitter. Threads being the
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Zucks answer to Twitter. It's gotten a lot of initial publicity. They also
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started censoring from day one. They also are kind enough to take all of
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your data and sell it off to whomever the highest bidder is, whether it's
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the CCP, Communist Chinese Party or Amazon or whoever the highest bidder is.
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What's your take on this whole dueling social media instant messaging platform here? Yeah,
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well, I think it's interesting because Meta Facebook and that owns Facebook,
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Instagram and and what'sapp. You know, they've got a couple of advantages here,
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and they do smell a little bit of blood in the water. In
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other words, you know, Twitter is on the ropes a little bit.
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It's not really sure what it wants to be when it grows up. And
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since Elon Musk bought it, he found out that he's probably got a slightly
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bigger problem than he thought. Compounded that by the fact that Twitter has never
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really monetized their platform all that well, whereas Meta has done a great job
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of monetizing its platforms. But let's let's look at the difference between the two.
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First, have you ever had like a friend of yours where if you
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if you went to them and you said, hey, listen, I want
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to tell you something, but can you just keep it, you know,
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between us, that's threads. Threads is it's it's a small group and private
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inner circle chat and communication and networking tool. Whereas you know, you have
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a friend, where if you tell your friend, you know they're gonna lab
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it out to everybody. That's that's Twitter, right. So Twitter is more
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like your reality chat. You you want to share your opinions and your gold
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views and updates on your particular campaign, whereas Threads is more what's going on,
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let's stay up to date between each other, but in a small team
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group, kind of like a Slack or a skypise. Yeah, so they
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are very different between the two. Okay, I totally agree with what you're
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saying. The one thing that Meta really excelled at was the ad platform.
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But on the other hand, they now attract the boomers, which by a
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definition, is a dying market or certainly contracting, and really Instagram has been
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pulling the whole company along. You know, if I want to see what
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my friends are college, college colleagues or or high school fellow high school students
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are doing, I go to Facebook and that's just not what gen z is
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into. So so what's your take, You think that they can supplant Twitter
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or perhaps just dent put a dent in their users. You know, there's
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been so many any other companies that have tried to unseek the social media giants,
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whether it's YouTube, Google, Facebook, you name it. There's been
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a lot of companies that have tried to do what Meta is doing now and
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with other platforms, and they've all too. They've achieved marginal success, but
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they haven't really become the standard like the existing social media platforms. Yeah.
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Now, I think what Meta has done really well is that they've recognized that
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one platform fits nobody. Facebook is the high school reunion. It's where us
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old folks are on It's the college reunion, stay in touch with your friends.
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But it's where that that group is very affluent and that group spends a
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lot of money. In that group, it's a trusted platform for that.
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Instagram is similar. It's just for a younger demographic. It's for the millennial
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and gen Z gen Z demographic. Now, so there's more enough to realize
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that not one platform is for everybody. And that's the problem with Twitter is
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Twitter is one platform for everybody. Right on the same platform that I might
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go a follow Ashton Kutcher. I might go for Taylor Swift. I might
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go for Kim Kardashian, my favorite, my favorite sports team, my favorite
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politician. Right. That doesn't fit everybody. And what Meta has done really
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slick is they've recognized that one platform is not for everybody. You know,
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I don't. My my son just told me recently. He's twenty four,
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he said, Dad, I realized I'm officially old, I said, had
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they know that show? And it goes I just opened a Facebook account,
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right, right, he goes, So why because he's he's keeping up with
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his high school buddies, he's keeping up with his college buddies, his army
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buddies. Right, that's the platform for that. And Instagram is its own
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commercial platform on that stands alone. Threads will become that too when once they
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get groups, this is where they're edited. They want, I guess certain
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specific niche groups together and then market to them as groups. It's a smart
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it's a smart move, all right. Yeah, Well that's why you can
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never just rest on your laurels. You've always got to be thinking. Now,
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Supposedly that Elon Musk is in the process of developing X, which is
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going to cover everything. It's going to cover video, Facebook like posts,
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Twitter, and also have financial aspects to it with the payment systems and all
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of this, which, let's I forget, that's where Musk made his initial
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fortune. So perhaps he's going to leap frog everything that all the other players
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are doing. Now all you got to do. They've got a massive user
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base, and if content creators see a better opportunity of earning revenue through X
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rather than through Facebook or through Google's various offerings, they're probably going to take
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it. Right one percent agreed, Agreed. I think this is I think
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this whole story is less about threads coming out and more about the vulnerability of
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Twitter. But overall, I agree with what you're saying. Yeah, yeah,
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And you know, he got rid of most of the overhead. He
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got rid of the Trust and Safety department, which comprised like a hundred something
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quote unquote former intelligence agents and FBI agents. He's cut the headcount down by
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about eighty eighty five percent. So maybe it's a leader meeting machine that's ready
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for the challenge, right, Yeah, it's it's it's gonna be it's gonna
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be interesting because he I don't I don't think Threads is all that huge of
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us to Twitter. I think there's you know, there are forms that you
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know, Ticks came out. Instagram is still very robust. You know,
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YouTube shorts is doing quite well. We we what tends to happen is we're
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starting to find out that these, um, these apps are going from a
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very generalist nature where they're trying to grab everybody to a more specialist and you're
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ware on that platform for every specific things. All right, you're making me
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want to sign up for Threads now, which I am going to do at
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some point in the very neger future. And you do. Here's what's happening,
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Curry. You're either going to join or someone on your team's going to
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join and drive you into it. That's how it's going to happen. Yeah,
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hey, so, um it's you're gonna be able to do Threads on
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your desktop as well as your phone or is it just a phone app?
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I think for corporate use, you're going to use it on your desktop along.
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Okay, that's how Microsoft teams and Slack as used. Everybody has a
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desktop compinion, I think that's the same thing. All right, well,
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and I'm definitely going to download it. Hey, I actually still use a
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desktop, unlike many of you out there. I know I'm old fashioned,
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but for media work, editing and videos and audios it still is. I
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mean, you could use a notebook, but really hard to use a tablet
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or a phone to do the kind of things that I want to do on
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it. What are the trends you're seeing here in the business environment? Post
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COVID, post Ukraine War, All these things are happening kind of around us.
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The re industrialization of the United States supposedly is a trend that's coming up.
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Are you seeing that well? I think over the last eighty year,
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the United States has as part of their as their part in global economy has
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been the design engine, distribution center of the right. So at Well is
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not made in America. It's designed in America, right, yes, and
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it's made somewhere else, and I think you're going to see that more.
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There will be some companies like Whether That, Whether Tech that are made in
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the United States, but I think you're going to see that less and less
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on there. There will always be certain capturing here where what where the product
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line makes sets las, certain autos and others, um But I think you're
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seeing the US move more towards design and distribution of the world, just like
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China's. The manufacturing of US is design and distribution. Okay, So as
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far as the electrification trend, you know, we're talking evs, we're talking
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decentralized energy, we're talking solar cells, all these things. What's your take
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on that, Well, I I mean, look, it's the reality is
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is that electric carrors is really the main discussion point here is electric cars are
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not not as carbon COO two friendly as we all think, because the CO
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two emissions that are created order to purchase, in order to manufacture are greater
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than the lifespan of just about their spin of an internation engine run car.
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But they're going to figure that out if they have to, because in order
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for the survive of the sector, they're going to have to figure out how
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to less havoc on the environment in the manufacturing process, while at the same
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time they're going to also have become more energy efficient because our electrical grid just
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simply cannot support the amount of electrical vehicles that the government would like to see
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on the road in the next you know, decade or two. So you
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know, it's front of those self fulfilled prophecies. It's nice to stay.
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But the reality is is um, there's just enough ultricity to power the cars.
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UM and the emissions to manufacture the cars is still a problem. So
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I think, UM, as they work on technology to get moorish an electricity
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to the outlet and less less harmful emission of gases in put to manufacture the
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the device, or the or the automobile, I think then we'll we'll see
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a real take up and scaling of the electrical industry. All right, Well,
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it's definitely an ongoing trend. And you know, also with all the
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the era, the whole h inflation Reduction Act. I'm kind of laughing as
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I say that, but maybe it's working. Inflations heading down a bit.
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But with all of that, they've made a lot of in these investments guarantee
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not just winners but huge, huge winners. So again government to putting its
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thumb on the scale, picking winners and losers. We know that has a
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checkered past for sure, but it seems like this trend though, is firmly
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in place. Oh it's coming, and you know, on paper, it
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sounds like the right thing to do, and it seems like the right narrative
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and it's and it's a big enough idea worth for sure. Um, you
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know, on on its merits, who wouldn't want more energy efficiency, greater
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choice for consumers? You know, who wouldn't want that? Of course?
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Right now? So on paper it's a good idea. It's just early days.
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And you know, eco friendly and green energy has always lacked the efficiency
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of fossil based energy and they're just going to have to figure that out.
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But it is the right idea. We just need to execute on that light
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all right. Easier said than done. You know, when you turn on
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your when you flip the switch in your house and the lights come on,
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people think, you know, it's just the way it's supposed to be.
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But to get that electric from its source to you has taken trillions of dollars
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of investments over the past hundred plus years, and I think, what what
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the so called experts they fail to take that into consideration. You know,
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there's a system in place, and it involves a lot of moving pieces.
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Yes, the new digital economy can make those moving pieces and add in others
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and make them viable. But it's a monumental task, is what I'm saying
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trillion, tens and trillions of dollars over the next couple of decades. Yeah,
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and it's no you know, the risk that's involved often gets overshadowed because
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without entrepreneurs and businesses that are willing to take the risks to find these things
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and really nurture these you know, these businesses, we're not going anywhere.
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So we really do need them. And until someone's willing to take that risk,
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you know, nothing's going to go anywhere. Yeah, So the government's
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put all these people taking the risk, and they've literally signed a blank check.
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There's no limitations on many of the subsidies involved, the incentives involved.
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They could run into the trillions and trillions of dollars. Eventually everyone's going to
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say, we just can't afford this, or we don't need to do it
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anymore. The industry's on its own have fun. And then that's going to
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be interesting to see to see who's who's swimming against the tide or who you
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know is Warren Buffett says, you don't know who's who's wearing a bathing suit
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until the tide goes out, right right now? You go, so all
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right, well, very interesting time, say Carl, just tell us where
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we find you, how we connect with you on the web. So Coral
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Gould dot com is a good place to where um you can learn a lot
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about me and also my personal website, Coral three sixty dot com. C
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A r L three six zero dot com is another way to find me and
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you could reach me there and we and that's the best way to interact all
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right. Links are in the show notes to this interview on Financial Survival Network
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dot com. Click them you get right through to Carl's sites. If you've
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got a question or comment, shoot me an email when you're at the site.
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Please sign up for your free newsletter, got great one going out early
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next week. Carl, always a pleasure, Thanks for stopping by, Thanks
16:04
for having me carry, Thanks for listening to Carrie Lenz's Financial Survival Network,
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your solution to today's trying times. For the latest, go to Financial Survival
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Network dot com. Financial Survival Network now more than ever,