Latest / The Curve / TCW84: Nvidia’s historic drop, Ticketmaster trouble, & Snapchat’s slump.

Transcript

TCW84: Nvidia’s historic drop, Ticketmaster trouble, & Snapchat’s slump. · The Curve

• 0:00
  Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
• 0:04
  business in stock market too.
• 0:06
  Brought to you by the Curve's research team, the latest insights on what's happening in
• 0:09
  the stock market, companies, other money related news so that you can stay educated and
• 0:14
  ahead of the curve.
• 0:15
  You can thank us later for sounding smarter than those finance bros you need to know, Patti.
• 0:19
  Hey, do you like my sock situation?
• 0:22
  Your pink shoes?
• 0:23
  Yeah.
• 0:24
  I actually bought some green sneakers.
• 0:25
  Did you?
• 0:26
  Yeah.
• 0:27
  Fun.
• 0:28
  What color green?
• 0:29
  Summer green.
• 0:30
  Oh.
• 0:31
  Oh my god, I'm such a brua.
• 0:34
  It's not even blue.
• 0:35
  You said it's how you said it.
• 0:36
  I know.
• 0:37
  Brat summer, like, Brieham King.
• 0:39
  Oh, I am such a loser.
• 0:42
  It's so interesting how you start, how behind you are, like it would have been, well I remember
• 0:50
  about three or four months ago, seeing someone put the, you know the apples right and right
• 0:56
  the little video and I watched it with no context as to what it was.
• 1:00
  Yeah.
• 1:01
  And thought, good on you posting a dance video on social next minute.
• 1:05
  But I just ate.
• 1:06
  So I've psyched trying to get coordinated.
• 1:08
  Oh, I actually did try to do it.
• 1:10
  I was dancing naked in the bathroom, like, with it on.
• 1:13
  But this is a six months later.
• 1:15
  It's so hard.
• 1:16
  And people make it look so easy.
• 1:17
  I'm like, how much practicing did you do?
• 1:20
  I last night, you know that video, which everyone will have seen, which is the tech talk
• 1:23
  of like teen ages in 2003, this teen ages in whenever we're, or 2023 versus 2003.
• 1:31
  And it's these hot, lean girls dancing like total sex songs and then, yeah.
• 1:38
  And then it's these two girls with those really skinny scarfs that were really thin.
• 1:44
  And they had like the colors are honestly watching it.
• 1:48
  And there's me and my sister.
• 1:50
  And I've seen one of those to my sister.
• 1:52
  And it's like me and her used to sound of musical scrub herons.
• 1:55
  And here there's girls dancing to like brash on the tech talk.
• 1:59
  Did you laugh at the meme I sent you yesterday, the sister one?
• 2:02
  Oh, you see, yeah, yeah.
• 2:04
  At my funeral, sit me up.
• 2:05
  I want to see if my sister's got my clothes on.
• 2:08
  So true.
• 2:12
  It's so funny how that's the one thing that most sisters fight about.
• 2:17
  Actually, we do have a episode coming up this Wednesday on fashion, which is,
• 2:22
  was a really funny episode to record.
• 2:24
  And as a result, I mean, this is going to make no sense,
• 2:27
  because people will be listening to this before that episode comes out.
• 2:30
  But off the back of that, I took inspiration from what you said,
• 2:34
  about letting go of things and giving them a new home.
• 2:37
  And I got my sister around and I gave her an entire suitcase of clothes.
• 2:41
  Would you make a paper?
• 2:42
  Nah, should I have?
• 2:44
  Girl, really?
• 2:46
  Yeah.
• 2:47
  Well, I didn't really know how to approach that.
• 2:49
  I gave her about 10 pants, 10 tops.
• 2:52
  I was just like, do you want this?
• 2:53
  Okay, if you want it, I'll take it to like a recycled place and get paid for it.
• 2:57
  But I just can't be bothered taking it towards, and she knows that.
• 3:00
  Oh.
• 3:01
  So maybe I just say, could you donate some money?
• 3:03
  Yeah.
• 3:04
  Because they were like, when Hamlin pants, like French-isca, pic, canino, you know, all sorts
• 3:10
  of like, quite big and bridge tops.
• 3:12
  Yeah, yeah.
• 3:13
  Yeah, okay, should I have done that?
• 3:15
  Shit, I'm sorry.
• 3:16
  I'm sorry.
• 3:17
  It's fine.
• 3:18
  If you're gifted to someone, I think that's like, you can be a bit more clear.
• 3:21
  But if they, like I would do that at home, for example, in, sorry, I'm a bit sick.
• 3:26
  So if I sound a bit nasally, I would gather up all my clothes, put them in a rubbish bag.
• 3:33
  And my sister's like, are you going to recycle boutique?
• 3:35
  And I'm like, yes, she's like, can I have a look?
• 3:37
  I'm like, well, whatever you take, you just pay me because otherwise I'm getting money
• 3:40
  for her.
• 3:41
  Me and my sister is so.
• 3:43
  And even my mum's like, what are you throwing out?
• 3:45
  I'm like, no.
• 3:46
  And they say, you want to buy it off me?
• 3:47
  Me?
• 3:48
  I'm just such a hustler.
• 3:49
  No, the thing is, I, hmm, okay.
• 3:50
  I mean, wait till I episode this week that comes out on fashion and obviously in clothes.
• 3:55
  Because I do think it's really made me think about it a lot.
• 3:58
  Obviously, I didn't, didn't have a very positive impact because I just gave away many clothes.
• 4:02
  At least I'm not throwing it out.
• 4:03
  That's the worst.
• 4:04
  No, well, it's just been, they've been setting me.
• 4:06
  They don't fit me anymore.
• 4:07
  They're too small.
• 4:08
  And I thought, I'm really sick of this taking up space in my wardrobe.
• 4:11
  And it's actually a big trend in the second hand and like peer to peer marketplace.
• 4:16
  Like there's been sheen shine and even a heart to say it.
• 4:20
  They've bought out like a platform where you can trade clothes with each other pretty much.
• 4:25
  Zara's done it.
• 4:26
  H&M's done it.
• 4:27
  Lego is now doing it.
• 4:28
  The toy company.
• 4:29
  Cool.
• 4:30
  And even Ikea's just launched.
• 4:31
  Well, it's clever because people sell them anyway.
• 4:34
  It's just taking the control back in house, isn't it?
• 4:36
  Yes.
• 4:37
  If you go into any online platforms, whether it be gum tree, trade me, blah, blah, blah.
• 4:43
  If you type in Ikea or Lego, there will be hundreds and thousands of people selling secondhand.
• 4:49
  So it does make sense.
• 4:50
  But I don't understand from an economical standpoint for the businesses.
• 4:54
  Is it more just a little bit higher?
• 4:56
  I think it's a near kind of.
• 4:57
  Yeah, there's a lot of celebrities now like Bella Hadid, Sarah Jessica Parker, Rihanna,
• 5:01
  that are all doing the whole thrift shopping.
• 5:05
  Do I think the word thrift needs to go?
• 5:07
  I think it's not very like glamorous or empowering.
• 5:10
  I like vintage shopping.
• 5:12
  Yeah.
• 5:13
  I was like, who the fuck just spent money at Starbucks on my cart?
• 5:16
  I was loose.
• 5:17
  I said darling, producer.
• 5:19
  So it just goes to me with the handover and mouth.
• 5:22
  Do you feel like you need a coffee?
• 5:24
  Before we started recording.
• 5:25
  No.
• 5:26
  I can't even like, please give me a go kiddos.
• 5:28
  I think now I've got used to us setting down.
• 5:30
  And he's like, do you guys want coffee?
• 5:31
  I'm like, oh, yes, please.
• 5:33
  You know, he's best.
• 5:35
  Anyway, so AI.
• 5:39
  Well, we have there been lots going on.
• 5:43
  And I can't laugh.
• 5:44
  I can't, I can't actually.
• 5:45
  Why?
• 5:46
  Because you just sounded 105.
• 5:48
  I know, but I.
• 5:50
  Like normal.
• 5:52
  Whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa.
• 5:54
  Know what has been going on, tell me.
• 5:56
  So, nobody yet.
• 5:57
  The AI darling stock.
• 6:00
  The stock that has done fantastically, well,
• 6:02
  it's about 150% this year.
• 6:04
  And this is kind of the poster child of AI stocks.
• 6:08
  So there's heaps of them.
• 6:09
  If you would go and invest in an AI ETF,
• 6:12
  in a video, would 100% be out there.
• 6:14
  Yes, yeah.
• 6:15
  But if you were like, look, I can only invest in one.
• 6:17
  What's the one company that will benefit the most?
• 6:20
  Probably in the video.
• 6:21
  But that's why it's almost the teaser of electric cars 10 years ago.
• 6:24
  Yeah, yeah, exactly.
• 6:26
  So anyway, its share price fell about 10% during the week.
• 6:31
  And it lost $280 billion from its market cap.
• 6:36
  So remember, market cap is the size of the company.
• 6:39
  And when the share price goes up and down,
• 6:42
  that increases the value of the whole company.
• 6:45
  And so a 10% fall on the share price lead to a $280 billion loss
• 6:51
  in terms of the size of the company.
• 6:52
  In terms of the value.
• 6:53
  But it's not, it's all on paper, right?
• 6:56
  So it's not as though everyone there is all of a sudden lost $280 billion.
• 7:01
  No, but everyone's lost 10% of their value.
• 7:04
  Yes.
• 7:05
  Of their whole.
• 7:06
  That's a lot.
• 7:07
  Yeah, so it was the biggest loss of a stock in US history.
• 7:10
  So Eva.
• 7:11
  Eva.
• 7:12
  Eva.
• 7:13
  280 billion in one day.
• 7:15
  So because it's 10%, because I was about to say,
• 7:18
  10% of a big number.
• 7:19
  Right.
• 7:20
  Yeah.
• 7:21
  That's a small number.
• 7:22
  Or even 50% of a small number is like,
• 7:24
  I can't believe that.
• 7:25
  That's huge.
• 7:26
  And like you were saying with the AIETF,
• 7:28
  so all the companies in the AIETF as well fell.
• 7:31
  And it was all around the fact that the Department of Justice
• 7:35
  in the US had almost, it's what we call subpoenaed,
• 7:39
  but had given an inquiry into NVIDIA to be like,
• 7:42
  hang on, we think you're being unfair and anti-competitive.
• 7:46
  And so people were kind of freaking out going,
• 7:48
  oh God, what does this mean for the whole AI space?
• 7:51
  But when you say that, is that an example of using Amazon
• 7:53
  as their online shopper?
• 7:54
  Yep.
• 7:55
  They're a good example of that.
• 7:56
  They're taking over.
• 7:57
  Yeah.
• 7:58
  So it means small companies can't succeed.
• 7:59
  Yeah.
• 8:00
  And they're being unfair to the smaller guys.
• 8:02
  And the DOJ and like the antitrust regulations
• 8:06
  and laws and stuff are there to protect the small fish really.
• 8:09
  So it's also just the fact that there has been so much hype around AI.
• 8:15
  And NVIDIA, the fact that it's done 150% this year.
• 8:19
  In eight months, it's like people are getting nervous
• 8:23
  that what we now expect from these companies in terms of growth
• 8:27
  is not going to actually happen.
• 8:29
  Because people are like, there's just so much growth that's needed,
• 8:32
  which means so much demand from people using AI
• 8:35
  to effectively reach those growth expectations.
• 8:39
  Does that make sense?
• 8:40
  Kind of.
• 8:41
  Yeah.
• 8:42
  So people are expecting massive, massive things from these companies.
• 8:46
  Then there has to be the demand from like customers, for example,
• 8:50
  to almost fulfill that demand.
• 8:53
  And they're just getting a bit nervous that investors are kind of getting ahead of themselves
• 8:57
  and thinking this is going to be like absolutely revolutionary.
• 9:00
  You know, which it will be, I think.
• 9:02
  But it does scare me when companies do so well
• 9:06
  and there is so much hype around that.
• 9:08
  Is it more the idea that yes, they will change
• 9:11
  and revolutionize the way we work and live?
• 9:14
  AI, yeah.
• 9:15
  Every day people like you and me are not adopting it as quickly
• 9:19
  as was maybe originally thought.
• 9:21
  And therefore the demand isn't as strong as they thought.
• 9:25
  Well, it's not to say the fear is that.
• 9:27
  Because these share prices have moved so massively and so quickly,
• 9:31
  you need the earnings growth to keep pace with that share price movement.
• 9:36
  And so to get that earnings growth, you need revenue growth,
• 9:41
  you need customers, you need demand for AI.
• 9:44
  And so investors are just getting a bit nervous that there is going to be,
• 9:48
  have to be a lot of people using AI to justify the share price moves
• 9:54
  and the excitement that everyone's got in the investor world.
• 9:57
  What do you think about this?
• 9:59
  I mean, any company that has a share price that has done 150%
• 10:03
  in such a short space of time makes me nervous
• 10:06
  because you need the earnings growth to fulfill those expectations
• 10:11
  that are represented in the share price.
• 10:14
  So you're buying something on future growth.
• 10:16
  You're buying shares in a company
• 10:18
  because you think it's going to be bigger and better in the future.
• 10:21
  If that bigger embeddedness doesn't already happen
• 10:24
  or isn't as bigger or as better as you thought,
• 10:27
  then the share price is going to fall.
• 10:29
  And so it's all around what expectations are.
• 10:31
  So it does make me nervous.
• 10:33
  But what does that mean?
• 10:34
  Does that mean you wouldn't invest in it now?
• 10:37
  No, it just means I would make sure that it's a percentage
• 10:41
  of my portfolio.
• 10:42
  Oh my god.
• 10:43
  Please go call me.
• 10:44
  And not just everything I own.
• 10:46
  Yeah.
• 10:47
  But also, so chat GPT, which is like the...
• 10:51
  Every another chat GPT is.
• 10:53
  So, no, but surely even if they have not used it,
• 10:56
  they've heard about...
• 10:58
  Yeah, yeah, yeah.
• 10:59
  It's like synopsis with synopsis with...
• 11:02
  No, it's synonymous.
• 11:04
  Yes.
• 11:05
  Synonymous with AI.
• 11:08
  Your face is so exciting.
• 11:10
  So open AI, which owns chat GPT,
• 11:14
  is about to raise money.
• 11:17
  How have they not done that?
• 11:18
  Well, they've done multiple times.
• 11:20
  But anyway, they are expected to have a hundred billion dollar valuation.
• 11:26
  They have 200 million people a week using chat GPT.
• 11:30
  But that 200 million uses a week
• 11:33
  is double what it was 12 months ago.
• 11:36
  So, it was 100 million 12 months ago.
• 11:38
  It's now 200 million.
• 11:39
  So, it's like, it's growing bloody quickly.
• 11:42
  And anyway, so they're raising money
• 11:44
  and Navidia, Apple, and Microsoft,
• 11:47
  all in talks to invest in chat GPT,
• 11:50
  or open AI, who owns chat GPT.
• 11:52
  Really?
• 11:53
  Well, quite interesting.
• 11:54
  Yeah, so that's how they want to get ahead in terms of the AI space.
• 11:57
  They all just want to join together.
• 11:59
  Yeah, so Microsoft already owns part of it.
• 12:02
  That's right.
• 12:03
  Apple wants to get into it, so it can put it in its iPhones, etc.
• 12:06
  Navidia, obviously, kind of integrating vertically,
• 12:09
  because it owns the semiconductor chips that go into AI.
• 12:13
  So it's like...
• 12:14
  Who, sorry, who owns open AI?
• 12:16
  Microsoft partly, and then it's partly private.
• 12:18
  Who is that?
• 12:19
  They must be an absolute gazillionaire.
• 12:22
  Yeah, Sam Altman.
• 12:24
  He is...
• 12:25
  Am Altman.
• 12:26
  Yeah, he's the founder of OpenAI.
• 12:28
  It was actually started out as a not-for-profit.
• 12:30
  Really?
• 12:31
  And there was a big uproar about it.
• 12:33
  So, yes.
• 12:34
  Be quite game-changing if all three big tech companies,
• 12:38
  Microsoft, Apple, and Navidia, all invested in it.
• 12:41
  It also scares me just like the dominance
• 12:43
  that Big Tech is having over AI.
• 12:45
  You're feeling scared in general.
• 12:47
  It's a lot of times scared.
• 12:48
  What they could see, what they can do,
• 12:50
  what they have control over, like, yeah,
• 12:52
  it does kind of scare me about.
• 12:53
  But anyway, I personally think so far net positive.
• 12:56
  There will just be a lot more regulation in the space
• 12:58
  in terms of what companies can see and do with our data, et cetera.
• 13:02
  Actually, in the world,
• 13:03
  it's biggest investing club.
• 13:04
  We have an AI investing expert.
• 13:06
  So if you're interested in investing in AI.
• 13:08
  It was great.
• 13:09
  She was amazing.
• 13:10
  It's only founding members at the moment.
• 13:12
  We'll put a little link.
• 13:14
  Just if you want to join our newsletter,
• 13:16
  you'll find out as soon as anyone asks him.
• 13:19
  You can jump on in.
• 13:20
  It'll still be in there,
• 13:21
  as you can still go back and watch that.
• 13:22
  Yeah, AI chat.
• 13:23
  And also Snapchat.
• 13:25
  It's 13th birthday this week.
• 13:27
  Woo!
• 13:28
  It's a 13 years ago.
• 13:29
  13 years ago.
• 13:30
  I just had my 21st.
• 13:31
  I came into the world.
• 13:33
  It was very fun and exciting.
• 13:34
  So if you were in Selena, it was still together.
• 13:36
  Where are they?
• 13:37
  Can we care?
• 13:38
  You just married that guy Chris was 72 days?
• 13:40
  Oh, wow.
• 13:41
  Okay. This feels like a life time.
• 13:42
  Yeah.
• 13:43
  13 years.
• 13:44
  I was 21.
• 13:45
  I'm so surprised that.
• 13:47
  I was 21.
• 13:48
  Sorry.
• 13:49
  What do you want?
• 13:50
  Should we get the photo of her 21?
• 13:51
  Oh my god.
• 13:52
  All right.
• 13:53
  Let's get that up.
• 13:54
  Okay.
• 13:55
  She honestly looks like kind of Victoria Beckham.
• 13:56
  They're here.
• 13:57
  That's like a side friend.
• 13:58
  Oh, no.
• 13:59
  That was not 21.
• 14:00
  Yeah, it was.
• 14:01
  No, it was.
• 14:02
  How old were you?
• 14:03
  20.
• 14:04
  I think we can use that as reference.
• 14:05
  I was thinking of me in my 21st dress.
• 14:06
  And I was like, oh, yeah.
• 14:07
  Let's get it out.
• 14:08
  No, no, no.
• 14:09
  I actually had this.
• 14:10
  Yeah.
• 14:11
  I feel like you'd like to talk more about your 21 yourself.
• 14:12
  What else would you like to add in here?
• 14:14
  All the collagen.
• 14:16
  But anyway, 13 years ago Snapchat was founded.
• 14:20
  But it's CEO gave an update.
• 14:21
  And it's 13th birthday.
• 14:22
  And pretty much summed up.
• 14:24
  The business is really struggling.
• 14:25
  And for a CEO to say that to the staff is not good.
• 14:29
  To say it to shareholders, not good.
• 14:31
  How scared would you be if you were?
• 14:33
  But also to say it this late in the piece.
• 14:34
  I'm like, yeah.
• 14:35
  We kind of realise it.
• 14:36
  What does that mean for people who are in the stock?
• 14:38
  What does it mean for people to work there?
• 14:40
  Can they close down?
• 14:41
  What does it look like?
• 14:43
  So this year's are down about 45% this year.
• 14:47
  Which is surely like 5,000% since they started.
• 14:50
  Yeah.
• 14:51
  And so their IPO's in 2017.
• 14:53
  And the company was $24 billion then.
• 14:56
  It's now 17 billion.
• 14:58
  So much, much, much lower.
• 14:59
  Oh, it's kind of been like a slow trickle.
• 15:01
  It's kind of been like a slow trickle.
• 15:02
  It's actually not that bad.
• 15:03
  Yeah.
• 15:04
  But it's still worth a lot.
• 15:05
  Meta.
• 15:06
  So when they both IPO, they were kind of considered.
• 15:08
  They both are similar.
• 15:09
  Some of us are models.
• 15:10
  You know, you get ads, you get viewers, videos, you know, all that.
• 15:14
  Social platform.
• 15:15
  Meta is now with 1.3 trillion.
• 15:17
  1.3 trillion versus 17 billion.
• 15:20
  So Meta is 88 times this...
• 15:23
  I'm just getting a snap.
• 15:25
  Meta is...
• 15:27
  Uh-huh.
• 15:29
  88 times the size of Snapchat.
• 15:31
  And do you remember back in the day when Meta went to buy Snapchat
• 15:35
  and they were like, nah, fuck you.
• 15:36
  Oh no.
• 15:37
  You'd be...
• 15:38
  Kicking yourself.
• 15:40
  Ah, not good, not good.
• 15:42
  But like I said, the app has 432 million daily users.
• 15:46
  So...
• 15:47
  Don't you just get bought out and die, isn't it?
• 15:49
  Yeah.
• 15:50
  But that's the thing.
• 15:51
  Companies will be waiting in the sidelines for it to fall on its knees pretty much and then they'll buy it.
• 15:54
  Is it not on its knees?
• 15:55
  Yeah, probably is, to be honest.
• 15:57
  I'm kind of just get it over and done with the band at all.
• 16:00
  Yeah.
• 16:01
  It hasn't grown in North America.
• 16:03
  It's all its growth is coming from rest of the world, which is like outside of Europe and America.
• 16:07
  So it's still growing on its users.
• 16:09
  But it's just...
• 16:10
  Yeah.
• 16:11
  It's dying a very slow death.
• 16:13
  I'm having a weird quiet.
• 16:15
  Speaking of coffee.
• 16:16
  How much of this coffee, I actually know, £13.70.
• 16:19
  Well, this is because the two regions that control over half the coffee being production in the world.
• 16:26
  Where is that?
• 16:27
  Brazil and Vietnam.
• 16:28
  Wow.
• 16:29
  I didn't realize Vietnam.
• 16:30
  I would have said Colombia or something.
• 16:32
  Yeah, same.
• 16:33
  Interesting.
• 16:34
  But yes, they produce more than half the world's coffee and there's been drought and bad weather that's had both those regions, which has lead to increase in price of lattes and coffee.
• 16:45
  So yes, we've had inflation, but we've also had supply issues leading to the increase in coffee price as well.
• 16:51
  So there's been this whole movement around, okay, how do we spread the coffee being production?
• 16:58
  Because companies like Nespresso, Starbucks, La Vasa, they're all public companies and they're all getting hurt in terms of the increase in cost of the coffee beans.
• 17:06
  I am wondering if Starbucks...
• 17:09
  I don't know why, but there's some reason I have this underlying fear that people are going to cancel us for having Starbucks.
• 17:15
  Is Starbucks bad?
• 17:16
  I'm actually surprised Emily went to Starbucks.
• 17:18
  It's not really on brand for her.
• 17:20
  When she bought in the coffees, I was like...
• 17:22
  She was like, yeah, sorry, it was Starbucks.
• 17:24
  She really likes Starbucks.
• 17:26
  Why don't we talk more about this in the Investing Club, I think, because a really good idea.
• 17:30
  Yeah, yeah, good idea.
• 17:31
  I don't know why, I just when I saw you in the screen, like on camera holding your Starbucks coffee, I was like, I think people will see that and it will not be good for our brand.
• 17:39
  How much do you think you've been on coffee?
• 17:41
  I don't want to know.
• 17:42
  Because I actually never used to drink it and now I'm so far down the rabbit hole, people said you're on another coffee and I just don't even think twice about it.
• 17:50
  There's so many other things in my life I'd rather cut it out.
• 17:53
  Like what?
• 17:54
  Cross ounce fries.
• 17:55
  Like, you know, like coffee in the morning, me is just like such a nice thing to wake up to.
• 18:00
  It's like comforting.
• 18:01
  Anyway, let's talk about it in the Investing Club.
• 18:03
  Yeah, let's talk about it.
• 18:04
  But what I was saying is that not only inflation, it's also supply issues from global warming that is lead to the price of coffee going up.
• 18:12
  But I reckon I'd love to know what the tipping point would be for you for not buying a coffee.
• 18:17
  Like if it was $8, $10, $12.
• 18:21
  That's a really good point.
• 18:22
  Well, how much do I pay at the moment, about £450?
• 18:27
  Yeah.
• 18:28
  Which is nine New Zealand dollars?
• 18:30
  Oh, because you get oat, decaf.
• 18:32
  Yeah.
• 18:33
  Well, I haven't been getting decaf, even just an oat flat white at some places.
• 18:36
  Yeah.
• 18:37
  For over £4.
• 18:38
  That's nine New Zealand dollars.
• 18:40
  There's a place every morning that I go by my house, £2.60.
• 18:44
  Oh.
• 18:45
  I know.
• 18:46
  Oh.
• 18:47
  It's like a no-brainer.
• 18:48
  That's so good.
• 18:49
  What are you getting?
• 18:50
  I don't know.
• 18:51
  Oh.
• 18:52
  It's basically water and a bit of grain.
• 18:53
  Yeah.
• 18:54
  You would hope they're not charging money-saving tip.
• 18:55
  It's up to Americana.
• 18:56
  Yeah.
• 18:57
  It actually is.
• 18:58
  Yeah.
• 18:59
  Anyway.
• 19:00
  Well, so did you hear?
• 19:02
  There's a reunion.
• 19:03
  We're a bit late.
• 19:04
  People will be like, yeah, we know a bit.
• 19:05
  But there is method to my madness.
• 19:07
  I don't.
• 19:08
  I don't.
• 19:09
  Oh, yes.
• 19:10
  Oh, yes, yeah, yeah, yeah.
• 19:11
  Yeah.
• 19:12
  So many people I know tried to buy tickets and couldn't.
• 19:14
  Yeah.
• 19:15
  I saw a photo of someone that were like, yeah.
• 19:17
  269,000 in the queue.
• 19:20
  It was like ridiculous, honestly.
• 19:23
  I was like, you're not giving that.
• 19:25
  What is always, is it Wonderwall?
• 19:27
  Yeah.
• 19:28
  You're my wonder.
• 19:29
  Oh.
• 19:30
  That is the most iconic song.
• 19:32
  Oh.
• 19:33
  If there's something that's going to make me cry, it'll be that song.
• 19:35
  Yeah.
• 19:36
  God, over here.
• 19:37
  What was the point to bringing this up?
• 19:38
  Sorry.
• 19:39
  So ticket master was in charge of releasing these tickets.
• 19:41
  And it was like one of the most hyped ticket sales that I've probably ever experienced.
• 19:46
  Or of my Instagram feed.
• 19:48
  They were reuniting after 16 years of being a part.
• 19:51
  So it's quite a big deal.
• 19:52
  I also wonder what brought them back to you.
• 19:54
  Well, they all just thinking the cost of living is far too expensive right now.
• 19:57
  Yeah.
• 19:58
  We need to do it.
• 19:59
  Also, I'm like, why did they break up in the first place?
• 20:02
  I want to know what?
• 20:03
  Because they're brothers.
• 20:04
  Are they?
• 20:05
  Yeah.
• 20:06
  Oh, long standing tensions between the brothers.
• 20:07
  Yeah.
• 20:08
  Nolan Lamb.
• 20:09
  The final straw was when an intense argument erupted before a cons in Paris.
• 20:13
  Yes.
• 20:14
  And leading to Nol's abrupt departure, their relationship has been marked by frequent
• 20:18
  clashes over creative direction, personal differences in public years.
• 20:21
  Because there was, yeah, people were saying their last concert.
• 20:24
  You could tell.
• 20:25
  Okay.
• 20:26
  Sorry.
• 20:27
  Anyway.
• 20:28
  So ticket master who controlled the ticket sales.
• 20:29
  Remember, they also did Taylor Swift's.
• 20:31
  And there was that big saga that they were overcharging Taylor Swift fans.
• 20:35
  Anyway, they've now been in hot water again with this OASA stuff.
• 20:39
  Oh, my God.
• 20:40
  Sort it out.
• 20:41
  I know.
• 20:43
  Yeah.
• 20:44
  It sounds like there's a nation in the market.
• 20:45
  Yeah.
• 20:46
  And I'm sure a reunion tour like OASA would hire us to sell their tickets.
• 20:50
  Yeah.
• 20:51
  Because we'd do so well.
• 20:52
  Anyway, they're being investigated for what we call dynamic pricing.
• 20:56
  So that's when people go on.
• 20:57
  They're like, cool, 100 pounds for an OASA ticket.
• 21:00
  But then once you get to the end of the queue, it's like 400 pounds.
• 21:03
  They're like, hang on a second.
• 21:04
  So people were complaining going, you're like price gouging us.
• 21:07
  You said it was one price now.
• 21:08
  It's another.
• 21:09
  So price gouging is so dramatic as a part to the Caribbean.
• 21:12
  I hate that though.
• 21:14
  When you go to buy something, anything online, there's like plus service fee, plus tax, plus
• 21:20
  this, plus that.
• 21:21
  Yeah.
• 21:22
  Goodness me.
• 21:23
  But I honestly think this is probably the last tour for ticket master because after the
• 21:26
  whole Taylor Swift stuff, now this, they've just got way again.
• 21:29
  And it cut me, this has got way too big.
• 21:31
  And there really, they're only company that could handle big events like this.
• 21:36
  And they know it.
• 21:37
  So they're like, well, we can just, you know.
• 21:39
  But what would happen from here?
• 21:41
  So dynamic pricing in itself has been around forever.
• 21:44
  Like airlines do it.
• 21:45
  You know, it's like they've got cheaper prices for economy.
• 21:49
  They've got more expensive prices.
• 21:51
  And if you book a ticket closer to in the fight to parts, you're going to be paying more.
• 21:55
  And so there is like this movement in pricing that companies do all the time.
• 21:58
  Oh, they're surge pricing.
• 21:59
  It's exactly what dynamic pricing is.
• 22:01
  It's like, if you have an increased demand from customers at one point,
• 22:05
  then the price goes up.
• 22:06
  And so that's what ticket master is saying, well, there was an increase in demand for
• 22:10
  tickets.
• 22:11
  So we're going to put the price up.
• 22:12
  It's like, no, no, your whole business model is like you get an increase in demand at a
• 22:17
  point in time.
• 22:18
  Oh, okay.
• 22:19
  So it's kind of arguing, like, why can't we do when you're selling tickets?
• 22:24
  Totally.
• 22:25
  It's like, you can't, you can't say there's one price when you get in the queue at the beginning.
• 22:29
  And there's another price at the end, but once you've waited a few hours.
• 22:32
  And so it's like this whole argument, like Wendy's, I remember we spoke about ages ago.
• 22:36
  Oh, yeah.
• 22:37
  And they were like, well, at dinner times and lunch times, we're going to increase the price
• 22:39
  because the increased demand from customers is like, no, no.
• 22:42
  And there was a huge backlash.
• 22:43
  So some companies can do it, some companies can't.
• 22:45
  But it annoys me when any company does it, when Uber does it.
• 22:48
  Yeah.
• 22:49
  I understand the concept, but it's really annoying.
• 22:52
  But it's like Pilates classes.
• 22:54
  If you go during the day, maybe like 10 to 3 when most people are at work and not
• 22:59
  going to Pilates, you get a cheaper price.
• 23:00
  Actually, even like the tube over here is off peak price.
• 23:03
  Yeah, yeah.
• 23:04
  So it does happen.
• 23:05
  And some people it's great for and others it's not.
• 23:07
  So is the problem that when people joined the queue, it was a price.
• 23:10
  And then two hours later, the same tickets were more expensive.
• 23:13
  Yeah, yeah, yeah.
• 23:14
  But yeah, that is always going to happen.
• 23:15
  Is this a new thing they've just introduced?
• 23:17
  Well, they're saying we don't do it.
• 23:19
  And it's like, well, you do.
• 23:20
  So it's kind of like, and also that's unfair.
• 23:22
  If someone sees one price.
• 23:24
  So anyway, they're just being investigated.
• 23:26
  And I honestly think like after the whole tell us with Saga,
• 23:29
  now I always say it's like you just need to be a bit careful ticket master.
• 23:33
  Also send them a letter that I know I should.
• 23:36
  Maybe I should.
• 23:37
  So I don't want company.
• 23:38
  Thanks for president.
• 23:39
  You last things before we wrap up.
• 23:41
  Samsonite, you know the luggage company.
• 23:43
  Yeah.
• 23:44
  So they are looking.
• 23:46
  Sorry.
• 23:47
  Yes.
• 23:48
  I was just going to say, I think this is one of those companies I would look at and say
• 23:52
  a lot of competition that's evolved in the last couple of years from away bags.
• 23:56
  Yeah.
• 23:57
  This and that.
• 23:58
  Samsonite used to be the number one.
• 23:59
  Do you have a Samsonite?
• 24:00
  Or do you have any way?
• 24:01
  Yeah.
• 24:02
  I've got a Samsonite.
• 24:03
  But it's just because I had it from age.
• 24:04
  Yeah.
• 24:05
  Yeah.
• 24:06
  I'm not loyal to that brand at all.
• 24:07
  I way prefer the away bags.
• 24:08
  Yeah.
• 24:09
  The away bags away.
• 24:10
  Nice.
• 24:11
  I actually must say when I'm.
• 24:12
  If I'm see someone with a really cool luggage or suitcase.
• 24:16
  I just, it's so hot.
• 24:18
  Yeah.
• 24:19
  It's annoying saying this missing a wheeler with like a million bags.
• 24:22
  Yeah.
• 24:23
  Anyway.
• 24:24
  So Samsonite is a Hong Kong company.
• 24:26
  It's listed on the Hong Kong Stock Exchange.
• 24:28
  And earlier this year, it had a takeover offer from a private company to buy it off the stock exchange
• 24:34
  because it wasn't doing too well.
• 24:36
  But now that fell through and it is now looking at shifting its listing to the US.
• 24:42
  So in Hong Kong, there's only a certain number of people that can invest in the Hong Kong market.
• 24:47
  You've got a certain number of investors.
• 24:49
  You go to the US.
• 24:50
  It really opens things up in terms of like who can invest in it.
• 24:53
  For them, it's a strategy to like get more interest.
• 24:55
  Therefore, hope for the share price will increase.
• 24:57
  But at the end of the day, the company has to be doing well to make the share price increase.
• 25:01
  But it's looking at a dual listing.
• 25:03
  So Hong Kong and US, which is expensive in itself because you're paying to list on another stock exchange.
• 25:08
  But many companies do it.
• 25:09
  We don't really ever talk about the Hong Kong Stock Exchange.
• 25:11
  No.
• 25:12
  I'd love to talk about that more.
• 25:13
  It's just so hard to invest in.
• 25:16
  Well, you can't on like DIY platform.
• 25:19
  No.
• 25:20
  Because it's like there's just so many rules and regulations investing in China and India and places like that that aren't.
• 25:25
  Don't have a guess what you'd call westernized stock exchanges.
• 25:30
  It's just a bit harder.
• 25:31
  And so I remember the previous company I worked for was like really hard to even as a corporate to invest over there.
• 25:38
  Right.
• 25:39
  Does that impact you can do it through ETF?
• 25:41
  So that's like you're investing in a US ETF that then invests in Hong Kong Chinese companies.
• 25:46
  So that would be the easiest way to do it.
• 25:48
  The Paralympics ended on Sunday.
• 25:51
  So this always happens after the Olympics.
• 25:53
  So you've got the summer Olympics, then the summer Paralympics, Winter Olympics, Winter Paralympics.
• 25:57
  Well, there's 45% of athletes in the Paralympics are female this year, which is up from about 42% in 2020.
• 26:06
  Amazing.
• 26:07
  And remember there was 50% there was equality in the Olympics.
• 26:10
  So the fact that the Paralympics is nearly there is really, really great as well.
• 26:14
  And the whole economic impact of the entire game.
• 26:17
  So Paralympics and Olympics is expected to boost their French economy by about $10 billion.
• 26:23
  Amazing.
• 26:24
  Yeah.
• 26:25
  It's so cool.
• 26:26
  It's finally finished on your financial flex.
• 26:28
  So boom.
• 26:29
  Everyone should experience for us class at least once in their lives.
• 26:31
  And Annie shouldn't miss out just because she can't afford it.
• 26:34
  Help me.
• 26:35
  Oh, no.
• 26:36
  I don't think I've got something this way.
• 26:38
  So can you put stuff in?
• 26:39
  Oh, I know.
• 26:40
  I know.
• 26:41
  I returned two things this week that I bought online.
• 26:45
  Nice.
• 26:46
  A backpack that I didn't really like.
• 26:48
  And some sheets that I bought that no longer.
• 26:50
  Well, they don't know.
• 26:51
  They don't know.
• 26:52
  I bought the wrong sheets.
• 26:53
  No.
• 26:54
  And that is a huge one for me.
• 26:56
  Yes.
• 26:57
  And I'm not saying free money again.
• 26:59
  I just am normally really bad at that.
• 27:01
  And I felt so proud of myself.
• 27:03
  What about you?
• 27:04
  Mine's my line pass.
• 27:05
  So good.
• 27:06
  35 pounds for a month of unlimited.
• 27:08
  Or not unlimited.
• 27:09
  Or your line bag.
• 27:10
  Yeah.
• 27:11
  That's so cheap.
• 27:12
  So cheap.
• 27:13
  And just never say my right.
• 27:14
  No, sorry.
• 27:15
  I take it back.
• 27:16
  It's 400.
• 27:17
  That's still a lot of minutes.
• 27:18
  It's more than enough.
• 27:20
  And my other one is I hope nobody knows what planet studio go to.
• 27:23
  But I've just been getting this recurring intro office.
• 27:26
  From where?
• 27:27
  I'm not going to say.
• 27:28
  Can you tell me?
• 27:29
  Offline.
• 27:30
  I would love to know that.
• 27:31
  And I'm like stocks.
• 27:32
  They don't actually know.
• 27:33
  Is it happening at the same studio?
• 27:34
  Yeah.
• 27:35
  I'm getting this like deal.
• 27:36
  Please.
• 27:37
  No one.
• 27:38
  Please.
• 27:39
  Please.
• 27:40
  Please.
• 27:41
  If you want to know a message us.
• 27:42
  Invite.
• 27:43
  Tell me off line.
• 27:44
  No.
• 27:45
  Because then it won't.
• 27:46
  Yeah.
• 27:47
  No.
• 27:48
  I'm really happy for you.
• 27:49
  Thank you.
• 27:50
  Okay.
• 27:51
  Bye.
• 27:52
  Thank you so much for listening to the Curve Weekly.
• 27:54
  Make sure you hit the subscribe button to stay up to date with all the many business stock market news.
• 27:58
  And if you like what you heard, we would love a review.
• 28:01
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• 28:02
  Yes.
• 28:03
  We would love a review.
• 28:04
  If you didn't hate it, please.
• 28:05
  Yeah.
• 28:06
  Don't leave one if you hate it.
• 28:07
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• 28:08
  But in all seriousness, could you please leave a review?
• 28:10
  Because it really helps other people find our cute little podcast.
• 28:13
  And we hope you have a good week and see you next Monday.
• 28:15
  Bye.
• 28:16
  Bye.
• 28:17
  See you next Tuesday.
• 28:19
  Wow.
• 28:20
  See you next Tuesday.
• 28:23
  I mean, Monday.
• 28:24
  No, actually though.
• 28:25
  New episodes out every Tuesday.
• 28:27
  Okay, quickly, the Curve was created to empower and educate you about investing, but we are not financial advisors.
• 28:36
  Our platform exists for educational purposes only, and it doesn't provide personalized investing advice for your individual needs,
• 28:42
  and should not be relied upon to make an investment or financial decision.
• 28:46
  And always remember to do your own research before making any investment or financial decision.
• 28:50
  We're here for any knowledge and support you need, but the final call is always yours.
• 28:54
  And thanks for being here.
• 28:56
  You got this.
• 28:57
  Yeah.
• 28:58
  We know you got this.