1 00:00:07,100 --> 00:00:09,033 ♪ ♪ 2 00:00:09,100 --> 00:00:16,100 ♪ ♪ 3 00:00:16,166 --> 00:00:18,833 ♪ ♪ 4 00:00:18,900 --> 00:00:24,700 ♪ ♪ 5 00:00:24,766 --> 00:00:26,366 ♪ ♪ 6 00:00:26,433 --> 00:00:31,833 [CHEERS AND APPLAUSE] 7 00:00:31,900 --> 00:00:33,033 >> John: WELCOME, WELCOME, 8 00:00:33,100 --> 00:00:34,366 WELCOME TO "LAST WEEK TONIGHT!" 9 00:00:34,433 --> 00:00:35,200 I'M JOHN OLIVER. 10 00:00:35,266 --> 00:00:36,166 THANK YOU SO MUCH FOR JOINING 11 00:00:36,233 --> 00:00:38,566 US. 12 00:00:38,633 --> 00:00:40,466 IT HAS BEEN A BUSY WEEK, FROM A 13 00:00:40,533 --> 00:00:41,466 MASSIVE BRIDGE COLLAPSING IN 14 00:00:41,533 --> 00:00:42,866 BALTIMORE, TO SAM BANKMAN-FRIED 15 00:00:42,933 --> 00:00:43,533 GETTING SENTENCED TO 25 YEARS IN 16 00:00:43,600 --> 00:00:44,633 PRISON. 17 00:00:44,700 --> 00:00:46,600 ARE THESE TWO EVENTS RELATED? 18 00:00:46,666 --> 00:00:47,933 EXPERTS SAY "NO," BUT GIVEN 19 00:00:48,033 --> 00:00:49,500 ENOUGH TIME, MORONS CAN FIND A 20 00:00:49,566 --> 00:00:52,966 PATH TO "MAYBE." 21 00:00:53,033 --> 00:00:53,233 [LAUGHTER] 22 00:00:53,300 --> 00:00:54,866 AND IN CALIFORNIA, THIS 23 00:00:54,933 --> 00:00:55,133 HAPPENED. 24 00:00:55,200 --> 00:00:56,166 >> AFTER RECEIVING A REQUEST BY 25 00:00:56,233 --> 00:00:57,700 THE LEGO COMPANY, THE MURRIETA 26 00:00:57,766 --> 00:00:59,000 POLICE DEPARTMENT HAS AGREED TO 27 00:00:59,066 --> 00:01:00,200 STOP ALTERING THEIR MUGSHOT 28 00:01:00,266 --> 00:01:03,200 PHOTOS WITH LEGO HEADS. 29 00:01:03,266 --> 00:01:03,466 [LAUGHTER] 30 00:01:03,533 --> 00:01:04,866 >> John: WOW. 31 00:01:04,932 --> 00:01:06,000 THAT'S SHOCKING FOR A NUMBER OF 32 00:01:06,066 --> 00:01:06,800 REASONS. 33 00:01:06,866 --> 00:01:10,833 ONE, THAT THEY WERE DOING IT. 34 00:01:10,900 --> 00:01:12,033 AND TWO, THAT LEGO WAS MAD AT 35 00:01:12,100 --> 00:01:12,233 THEM. 36 00:01:12,300 --> 00:01:13,933 BECAUSE IT'S ONE OF THE MOST 37 00:01:14,000 --> 00:01:15,033 PRO-COP TOY FRANCHISES I'VE EVER 38 00:01:15,100 --> 00:01:15,233 SEEN. 39 00:01:15,300 --> 00:01:16,300 IT'S NOT JUST THE LEGO POLICE 40 00:01:16,366 --> 00:01:17,133 STATION, THERE'S THE LEGO POLICE 41 00:01:17,200 --> 00:01:21,500 CAR AND HELICOPTER, THE POLICE 42 00:01:21,600 --> 00:01:22,100 TRAINING ACADEMY, THE POLICE 43 00:01:22,200 --> 00:01:23,800 MOBILE CRIME LAB TRUCK, THE 44 00:01:23,866 --> 00:01:24,933 POLICE BIKE AND CAR CHASE SET, 45 00:01:25,000 --> 00:01:26,200 THE MOBILE POLICE DOG TRAINING 46 00:01:26,265 --> 00:01:26,765 CENTER, AND OF COURSE, LEGO 47 00:01:26,833 --> 00:01:28,233 PRISON ISLAND. 48 00:01:28,300 --> 00:01:29,765 IN FACT, IF I WERE SOMEONE AT 49 00:01:29,833 --> 00:01:32,233 LEGO -- AND, COMMON 50 00:01:32,300 --> 00:01:32,900 MISCONCEPTION, I'M ACTUALLY NOT, 51 00:01:32,966 --> 00:01:33,966 STOP ASKING, WE'RE COUSINS -- 52 00:01:34,033 --> 00:01:35,133 I'D HAVE JUST PRETENDED THAT 53 00:01:35,200 --> 00:01:36,033 MURRIETA PD'S ACTIONS WERE PART 54 00:01:36,100 --> 00:01:38,166 OF A VIRAL MARKETING STUNT 55 00:01:38,233 --> 00:01:39,666 PROMOTING THE ALL-COP DYSTOPIA 56 00:01:39,733 --> 00:01:40,566 LEGO'S CLEARLY TRYING TO DREAM 57 00:01:40,633 --> 00:01:42,900 INTO EXISTENCE. 58 00:01:42,966 --> 00:01:45,633 NOW, THE REASON THEY WERE 59 00:01:45,700 --> 00:01:46,200 OBSCURING ARREST PHOTOS WITH 60 00:01:46,265 --> 00:01:47,166 LEGO HEADS HAS TO DO WITH A 2021 61 00:01:47,233 --> 00:01:48,566 STATE LAW THAT GENERALLY 62 00:01:48,633 --> 00:01:50,166 PROHIBITS LOCAL LAW ENFORCEMENT 63 00:01:50,233 --> 00:01:51,833 FROM SHOWING MUGSHOTS OF PEOPLE 64 00:01:51,900 --> 00:01:53,433 ARRESTED FOR NON-VIOLENT CRIMES. 65 00:01:53,533 --> 00:01:55,466 WHICH MAKES SENSE, ESPECIALLY 66 00:01:55,566 --> 00:01:56,500 GIVEN AN ARREST DOESN'T 67 00:01:56,566 --> 00:01:58,265 NECESSARILY MEAN GUILT. 68 00:01:58,333 --> 00:01:59,733 BUT INSTEAD OF JUST STOPPING, 69 00:01:59,800 --> 00:02:01,466 THE MURRIETA POLICE OPTED TO 70 00:02:01,533 --> 00:02:03,400 THINK OUTSIDE THE BOX, FOR THE 71 00:02:03,466 --> 00:02:05,433 DUMBEST POSSIBLE REASON. 72 00:02:05,500 --> 00:02:07,533 >> AT FIRST THEY STARTED USING 73 00:02:07,600 --> 00:02:08,333 EMOJIS, EVEN SHREK MADE AN 74 00:02:08,400 --> 00:02:10,833 APPEARANCE IN ONE POST. 75 00:02:10,900 --> 00:02:13,200 SO WHY THEN USE LEGO HEADS? 76 00:02:13,266 --> 00:02:15,000 >> A LITTLE OF FUN, GET SOME 77 00:02:15,066 --> 00:02:16,600 ATTENTION, YOU KNOW, GAME THE 78 00:02:16,666 --> 00:02:18,200 SOCIAL MEDIA ALGORITHMS, 79 00:02:18,266 --> 00:02:19,800 GENERATE SOME ATTRACTION, LIKES, 80 00:02:19,866 --> 00:02:21,166 FOLLOWS, STUFF LIKE THAT. 81 00:02:21,233 --> 00:02:22,466 >> John: BUT THAT'S NOT THE 82 00:02:22,533 --> 00:02:22,900 POLICE'S JOB. 83 00:02:22,966 --> 00:02:25,200 AT ALL. 84 00:02:25,266 --> 00:02:26,500 THERE'S A REASON THEY HAVE 85 00:02:26,566 --> 00:02:28,233 MOTTOS LIKE "TO PROTECT AND 86 00:02:28,333 --> 00:02:29,133 SERVE" AND NOT "TO PROTECT, 87 00:02:29,233 --> 00:02:30,366 SERVE, AND GET TO ONE MILLION 88 00:02:30,433 --> 00:02:30,966 FOLLOWERS, PLEASE HIT LIKE AND 89 00:02:31,033 --> 00:02:33,600 SUBSCRIBE!" 90 00:02:33,666 --> 00:02:35,100 AND, LOOK, I COULD SPEND THE 91 00:02:35,166 --> 00:02:36,166 REST OF THIS SHOW ON LEGO POLICE 92 00:02:36,233 --> 00:02:37,433 MISCONDUCT, BUT INSTEAD, WE'RE 93 00:02:37,500 --> 00:02:39,100 GOING TO TURN TO DONALD TRUMP, 94 00:02:39,166 --> 00:02:40,233 WHO'S HAD A ROUGH RUN IN THE 95 00:02:40,300 --> 00:02:41,300 COURTS LATELY -- BETWEEN THE 96 00:02:41,366 --> 00:02:42,300 E. JEAN CARROLL DEFAMATION 97 00:02:42,366 --> 00:02:43,900 JUDGMENT AND NEW YORK STATE'S 98 00:02:43,966 --> 00:02:44,733 FRAUD CASE, HE'S ON THE HOOK FOR 99 00:02:44,800 --> 00:02:46,433 OVER HALF A BILLION DOLLARS. 100 00:02:46,500 --> 00:02:47,366 BUT EVEN THAT DOESN'T CAPTURE 101 00:02:47,433 --> 00:02:48,600 THE FULL EXTENT OF THE FINANCIAL 102 00:02:48,666 --> 00:02:49,500 DAMAGE. 103 00:02:49,566 --> 00:02:50,866 APPARENTLY, SINCE LEAVING 104 00:02:50,933 --> 00:02:52,366 OFFICE, HE'S SPENT MORE THAN 105 00:02:52,433 --> 00:02:54,800 $100 MILLION ON LEGAL BILLS 106 00:02:54,866 --> 00:02:58,033 ALONE, WHICH AVERAGES MORE THAN 107 00:02:58,100 --> 00:02:59,233 $90,000 A DAY, NONE OF IT PAID 108 00:02:59,300 --> 00:03:01,000 FOR WITH HIS OWN MONEY. 109 00:03:01,100 --> 00:03:04,000 IN FACT, A LOT HAS COME FROM 110 00:03:04,066 --> 00:03:04,900 HIS SUPPORTERS, BECAUSE HE'S 111 00:03:04,966 --> 00:03:06,533 REPEATEDLY USED HIS LEGAL 112 00:03:06,600 --> 00:03:07,600 TROUBLES AS A PRETEXT TO ASK FOR 113 00:03:07,666 --> 00:03:08,466 DONATIONS, INCLUDING THIS PLEA 114 00:03:08,533 --> 00:03:10,333 ON TUESDAY. 115 00:03:10,400 --> 00:03:14,500 >> WE'RE FIGHTING, WE'RE 116 00:03:14,566 --> 00:03:17,000 WINNING, YOU SEE WHAT'S GOING 117 00:03:17,066 --> 00:03:17,933 ON, SO WHATEVER YOU CAN DO TO 118 00:03:18,000 --> 00:03:18,633 HELP FINANCIALLY WOULD BE 119 00:03:18,700 --> 00:03:20,633 FANTASTIC, BECAUSE WE HAVE TO 120 00:03:20,700 --> 00:03:22,300 BEAT IT. 121 00:03:22,366 --> 00:03:23,000 IF IT'S $5 OR $10 OR $100, 122 00:03:23,066 --> 00:03:24,200 WHATEVER YOU CAN DO. 123 00:03:24,266 --> 00:03:25,633 >> John: THAT'S A MAN WHO TALKS 124 00:03:25,700 --> 00:03:26,633 NONSTOP ABOUT HOW HE'S ONE OF 125 00:03:26,700 --> 00:03:27,933 THE RICHEST MEN ON EARTH, 126 00:03:28,000 --> 00:03:29,333 BEGGING STRANGERS FOR MONEY IN A 127 00:03:29,400 --> 00:03:31,466 HOSTAGE VIDEO THAT LOOKS LIKE IT 128 00:03:31,533 --> 00:03:32,466 WAS FILMED IN A HOUSE HAUNTED BY 129 00:03:32,533 --> 00:03:35,000 THE WORLD'S TACKIEST GHOSTS. 130 00:03:35,100 --> 00:03:36,133 BUT PLEADING FOR CASH ISN'T HIS 131 00:03:36,233 --> 00:03:37,666 ONLY FUNDRAISING TACTIC. 132 00:03:37,733 --> 00:03:39,366 HE'S ALSO BEEN HAWKING NEW 133 00:03:39,433 --> 00:03:41,133 PRODUCT LINES, FROM A TRUMP 134 00:03:41,200 --> 00:03:42,433 BIBLE, TO TRUMP COLOGNE, WHICH 135 00:03:42,500 --> 00:03:44,200 COMES IN A BOTTLE THAT LOOKS 136 00:03:44,266 --> 00:03:46,633 LIKE THE AWARD YOU'D GIVE OUT 137 00:03:46,700 --> 00:03:49,066 FOR "LEAST," TO TRUMP SNEAKERS, 138 00:03:49,133 --> 00:03:50,033 WHICH, WHILE SAYING NOTHING OF 139 00:03:50,100 --> 00:03:50,866 HOW THEY LOOK, AREN'T EVEN THAT 140 00:03:50,933 --> 00:03:52,000 COMFORTABLE. 141 00:03:52,066 --> 00:03:53,600 AND THE REASON I KNOW THAT IS -- 142 00:03:53,666 --> 00:03:57,100 NO WAY, I'M NOT A FUCKING IDIOT. 143 00:03:57,166 --> 00:03:58,166 [LAUGHTER AND APPLAUSE] 144 00:03:58,233 --> 00:03:58,933 BUT THAT'S JUST THE BEGINNING. 145 00:03:59,000 --> 00:04:00,566 ON THE TRUMP STORE WEBSITE, 146 00:04:00,633 --> 00:04:01,166 YOU'LL FIND SO MUCH MORE, FROM 147 00:04:01,233 --> 00:04:02,866 THE TRUMP MINI-SPEAKER, WHICH I 148 00:04:02,933 --> 00:04:04,233 ASSUME IS WAY TOO LOUD AND NEVER 149 00:04:04,300 --> 00:04:05,933 DIES, TO THE GOLD TRUMP EARBUDS 150 00:04:06,000 --> 00:04:08,333 CASE, WHICH DOES SOLVE A PRETTY 151 00:04:08,433 --> 00:04:09,366 COMMON ISSUE: YOU KNOW HOW YOU 152 00:04:09,466 --> 00:04:13,400 CAN NEVER TELL WHICH AIRPODS ARE 153 00:04:13,466 --> 00:04:19,233 YOURS AND WHICH ARE YOUR 154 00:04:19,300 --> 00:04:21,000 FRIEND'S BECAUSE THE CASES ALL 155 00:04:21,065 --> 00:04:21,666 LOOK THE SAME? 156 00:04:21,733 --> 00:04:22,466 WELL, IF YOU GET THESE, YOU LOSE 157 00:04:22,533 --> 00:04:23,100 ALL OF YOUR FRIENDS INSTANTLY! 158 00:04:23,166 --> 00:04:24,000 PROBLEM SOLVED. 159 00:04:24,066 --> 00:04:25,066 BUT THOSE PRODUCTS AREN'T GOING 160 00:04:25,133 --> 00:04:25,600 TO GET HIM NEAR THE HALF A 161 00:04:25,666 --> 00:04:26,600 BILLION HE NEEDS. 162 00:04:26,666 --> 00:04:27,533 WHAT MIGHT, THOUGH, IS A 163 00:04:27,600 --> 00:04:28,200 DEVELOPMENT THAT TOOK PLACE THIS 164 00:04:28,266 --> 00:04:28,832 WEEK, REGARDING HIS SOCIAL-MEDIA 165 00:04:28,900 --> 00:04:29,933 SITE, TRUTH SOCIAL. 166 00:04:30,000 --> 00:04:31,033 IT WAS CREATED TO BASICALLY BE A 167 00:04:31,100 --> 00:04:31,633 RIGHT-WING VERSION OF TWITTER, 168 00:04:31,700 --> 00:04:32,400 BEFORE TWITTER ESSENTIALLY 169 00:04:32,466 --> 00:04:33,733 BECAME THAT ITSELF. 170 00:04:33,800 --> 00:04:34,933 AND IT'S A PRETTY CLEAR RIPOFF. 171 00:04:35,000 --> 00:04:36,566 USERS HAVE A PROFILE, THEY CAN 172 00:04:36,633 --> 00:04:39,466 FOLLOW ONE ANOTHER, POST 173 00:04:39,533 --> 00:04:40,832 "TRUTHS" OR "RETRUTHS," AND ADS 174 00:04:40,933 --> 00:04:43,233 ARE CALLED "SPONSORED TRUTHS." 175 00:04:43,300 --> 00:04:44,133 AND THAT IS JUST A DEEPLY 176 00:04:44,200 --> 00:04:45,600 DYSTOPIAN PHRASE. 177 00:04:45,666 --> 00:04:47,066 IT SOUNDS LIKE SOMETHING 178 00:04:47,133 --> 00:04:48,600 GEORGE ORWELL TYPED INTO THE 179 00:04:48,666 --> 00:04:52,400 FIRST DRAFT OF "1984" BEFORE 180 00:04:52,466 --> 00:04:53,400 THINKING "THAT'S A LITTLE ON THE 181 00:04:53,466 --> 00:04:54,366 NOSE." 182 00:04:54,433 --> 00:04:55,400 TRUTH SOCIAL IS OWNED BY A 183 00:04:55,466 --> 00:04:56,300 COMPANY CALLED "TMTG," OR 184 00:04:56,366 --> 00:04:57,533 "TRUMP MEDIA AND TECHNOLOGY 185 00:04:57,600 --> 00:04:58,966 GROUP," AND THIS WEEK, THE 186 00:04:59,033 --> 00:05:00,633 COMPANY STARTED TO BE PUBLICLY 187 00:05:00,700 --> 00:05:01,900 TRADED UNDER THE TICKER "DJT," 188 00:05:01,966 --> 00:05:02,700 WITH SHARES BLOWING PAST 189 00:05:02,766 --> 00:05:07,800 EXPECTATIONS. 190 00:05:07,866 --> 00:05:09,333 RIGHT NOW, IT'S VALUED AROUND 191 00:05:09,400 --> 00:05:10,233 $8 BILLION, AND SINCE TRUMP OWNS 192 00:05:10,300 --> 00:05:11,966 ROUGHLY 60% OF THE COMPANY, THAT 193 00:05:12,033 --> 00:05:13,066 GIVES HIM NEARLY $5 BILLION ON 194 00:05:13,133 --> 00:05:14,433 PAPER -- ALTHOUGH, ACCORDING TO 195 00:05:14,533 --> 00:05:15,600 SEC FILINGS, HE MAY NOT BE ABLE 196 00:05:15,700 --> 00:05:16,666 TO CASH THAT IN FOR AT LEAST SIX 197 00:05:16,733 --> 00:05:17,933 MONTHS. 198 00:05:18,000 --> 00:05:19,766 BUT THAT VALUE IS UTTERLY 199 00:05:19,832 --> 00:05:21,133 DIVORCED FROM THE UNDERLYING 200 00:05:21,200 --> 00:05:23,600 BUSINESS, WHICH IS A MESS. 201 00:05:23,666 --> 00:05:25,033 TRUTH SOCIAL WAS THE BRAINCHILD 202 00:05:25,100 --> 00:05:28,500 OF THESE TWO GUYS, BOTH OF WHOM 203 00:05:28,566 --> 00:05:30,466 WERE FAILED CONTESTANTS ON 204 00:05:30,533 --> 00:05:30,866 "THE APPRENTICE." 205 00:05:30,933 --> 00:05:31,966 IN FACT, WHEN TRUMP GOT RID OF 206 00:05:32,033 --> 00:05:32,600 THIS GUY, HE MADE IT ABUNDANTLY 207 00:05:32,666 --> 00:05:34,466 CLEAR HOW LITTLE HE THOUGHT OF 208 00:05:34,533 --> 00:05:34,633 HIM. 209 00:05:34,700 --> 00:05:35,900 >> ANDY. 210 00:05:35,966 --> 00:05:37,000 YOU'RE JUST BEING POUNDED ON. 211 00:05:37,066 --> 00:05:38,966 YOU'RE BEING OUT-DEBATED. 212 00:05:39,033 --> 00:05:40,566 I JUST DON'T WANT SOMEBODY 213 00:05:40,633 --> 00:05:44,133 RUNNING ONE OF MY COMPANIES 214 00:05:44,200 --> 00:05:45,300 THAT'S GOING TO GET BEATEN UP SO 215 00:05:45,366 --> 00:05:45,666 BADLY. 216 00:05:45,733 --> 00:05:49,000 YOU'RE FIRED. 217 00:05:49,100 --> 00:05:49,300 [LAUGHTER] 218 00:05:49,366 --> 00:05:50,500 >> John: NOW, I KNOW THAT SOUNDS 219 00:05:50,566 --> 00:05:51,600 HARSH, BUT YOU SHOULD KNOW: THE 220 00:05:51,666 --> 00:05:53,766 CHALLENGE IN THAT EPISODE WAS 221 00:05:53,832 --> 00:05:55,466 DESIGNING A NEW PEPSI BOTTLE, 222 00:05:55,533 --> 00:05:56,200 AND THIS IS WHAT HIS TEAM CAME 223 00:05:56,266 --> 00:05:57,266 UP WITH. 224 00:05:57,332 --> 00:05:58,400 IT LOOKS LIKE A GLOBE WEARING A 225 00:05:58,466 --> 00:05:59,100 GIRDLE. 226 00:05:59,166 --> 00:06:00,566 IT LOOKS LIKE A TROPHY YOU WIN 227 00:06:00,633 --> 00:06:01,633 AT THE GEOGRAPHY BEE. 228 00:06:01,700 --> 00:06:03,066 IT'S THE WORST IDEA PEPSI'S EVER 229 00:06:03,133 --> 00:06:03,700 BEEN ASSOCIATED WITH, AND I'LL 230 00:06:03,766 --> 00:06:05,133 REMIND YOU, THEY HAD A 231 00:06:05,200 --> 00:06:06,700 COMMERCIAL WHERE KENDALL JENNER 232 00:06:06,766 --> 00:06:09,466 USED PEPSI TO SOLVE RACISM. 233 00:06:09,533 --> 00:06:11,000 INCIDENTALLY, BOTH THOSE GUYS 234 00:06:11,066 --> 00:06:12,600 HAVE SINCE BEEN PUSHED OUT OF 235 00:06:12,666 --> 00:06:13,766 TRUTH SOCIAL -- AFTER, AS THEY 236 00:06:13,833 --> 00:06:15,033 CLAIM IN A LAWSUIT, TRUMP 237 00:06:15,100 --> 00:06:15,833 PRESSURED ONE OF THEM TO HAND 238 00:06:15,900 --> 00:06:17,332 OVER SOME OF HIS SHARES TO 239 00:06:17,400 --> 00:06:18,933 MELANIA. 240 00:06:19,000 --> 00:06:20,133 AND YOU SHOULD KNOW THE 241 00:06:20,233 --> 00:06:20,766 FINANCIALS FOR THE COMPANY ARE A 242 00:06:20,866 --> 00:06:22,200 WRECK. 243 00:06:22,300 --> 00:06:23,800 IT'S LOST $57 MILLION SINCE ITS 244 00:06:23,866 --> 00:06:25,033 INCEPTION, AND WON'T RELEASE 245 00:06:25,100 --> 00:06:28,800 USER DATA, EVEN THOUGH THAT'S 246 00:06:28,866 --> 00:06:30,000 THE KEY METRIC FOR SOCIAL MEDIA 247 00:06:30,066 --> 00:06:30,733 COMPANIES. 248 00:06:30,800 --> 00:06:31,832 IT ALSO HAD TO REFILE ITS 249 00:06:31,900 --> 00:06:32,766 FINANCIAL STATEMENTS WITH THE 250 00:06:32,832 --> 00:06:34,200 SEC AFTER IT PUT ITS REVENUE IN 251 00:06:34,266 --> 00:06:34,866 THE WRONG LINE IN AN EXCEL 252 00:06:34,933 --> 00:06:38,466 SPREADSHEET. 253 00:06:38,533 --> 00:06:38,733 [LAUGHTER] 254 00:06:38,800 --> 00:06:40,366 NOW, THE SITE DOES SELL SOME 255 00:06:40,433 --> 00:06:41,400 ADS, OR "SPONSORED TRUTHS," BUT 256 00:06:41,466 --> 00:06:42,800 THE ONLY COMPANIES WILLING TO DO 257 00:06:42,866 --> 00:06:43,400 THAT ARE PRETTY MUCH THE ONES 258 00:06:43,466 --> 00:06:44,966 YOU'D EXPECT. 259 00:06:45,033 --> 00:06:46,000 THERE'VE BEEN ADS FOR A KID'S 260 00:06:46,066 --> 00:06:47,366 GUIDE TO FIGHTING SOCIALISM, 261 00:06:47,433 --> 00:06:49,332 ANTI-WOKE LIFE INSURANCE, 262 00:06:49,400 --> 00:06:50,900 IVERMECTIN, THE OFFICIAL PILLOW 263 00:06:50,966 --> 00:06:53,000 OF STORMING THE CAPITOL, AND 264 00:06:53,066 --> 00:06:55,733 THIS BEAR WHO RECENTLY LOST 265 00:06:55,832 --> 00:06:56,233 CUSTODY OF THE TWINS. 266 00:06:56,300 --> 00:06:57,300 AND ONE OF THE REASONS THEY 267 00:06:57,366 --> 00:06:58,966 CAN'T GET BIGGER ADVERTISERS MAY 268 00:06:59,033 --> 00:06:59,533 BE BECAUSE THERE JUST AREN'T 269 00:06:59,600 --> 00:07:00,833 THAT MANY PEOPLE ON THE PLATFORM 270 00:07:00,900 --> 00:07:03,500 TO ADVERTISE TO. 271 00:07:03,566 --> 00:07:04,700 TRUTH SOCIAL'S ESTIMATED TO HAVE 272 00:07:04,766 --> 00:07:05,566 JUST UNDER HALF A MILLION 273 00:07:05,633 --> 00:07:07,000 MONTHLY ACTIVE USERS IN THE U.S. 274 00:07:07,066 --> 00:07:09,733 ON iPHONES AND ANDROID DEVICES, 275 00:07:09,800 --> 00:07:11,600 COMPARED TO 75 MILLION ON 276 00:07:11,666 --> 00:07:12,666 TWITTER, AND 142 MILLION ON 277 00:07:12,733 --> 00:07:14,033 FACEBOOK. 278 00:07:14,100 --> 00:07:15,833 BUT EVEN THAT NUMBER IS 279 00:07:15,900 --> 00:07:16,832 SHRINKING, AS ITS MONTHLY ACTIVE 280 00:07:16,900 --> 00:07:18,366 USERS ARE LESS THAN HALF WHAT 281 00:07:18,433 --> 00:07:20,366 THEY WERE A YEAR AGO. 282 00:07:20,433 --> 00:07:22,466 AND YET, ITS STOCK IS TRADING 283 00:07:22,533 --> 00:07:23,366 INCREDIBLY HIGH, BECAUSE TRUMP 284 00:07:23,433 --> 00:07:24,866 SUPPORTERS BELIEVE BUYING IT IS 285 00:07:24,933 --> 00:07:31,033 A WAY TO SIMULTANEOUSLY OWN THE 286 00:07:31,100 --> 00:07:33,866 LIBS, GIVE TRUMP MONEY, AND, 287 00:07:33,933 --> 00:07:34,600 THEY'D ARGUE, MAKE A PROFIT 288 00:07:34,666 --> 00:07:35,200 THEMSELVES. 289 00:07:35,266 --> 00:07:36,166 HERE ARE TWO CONSERVATIVES ON A 290 00:07:36,233 --> 00:07:36,832 PODCAST, GAMING IT ALL OUT. 291 00:07:36,900 --> 00:07:38,266 >> ALL OF TRUMP'S SUPPORTERS 292 00:07:38,332 --> 00:07:38,766 RIGHT NOW -- 293 00:07:38,832 --> 00:07:39,900 >> ARE GONNA BUY THE STOCK. 294 00:07:39,966 --> 00:07:41,000 >> THEY DON'T NEED TO DONATE TO 295 00:07:41,066 --> 00:07:42,733 TRUMP, BECAUSE THE PURCHASE OF A 296 00:07:42,800 --> 00:07:44,666 SINGLE SHARE DRIVES THE VALUE 297 00:07:44,733 --> 00:07:46,800 UP, SO IT'S AN INTERESTINGLY -- 298 00:07:46,866 --> 00:07:47,400 I DON'T -- I DON'T -- I DON'T 299 00:07:47,466 --> 00:07:48,233 KNOW -- 300 00:07:48,300 --> 00:07:49,266 >> IT'S A WAY TO HELP HIM 301 00:07:49,332 --> 00:07:49,766 INDIRECTLY. 302 00:07:49,832 --> 00:07:51,166 >> INDIRECTLY, BUT IT'S NOT JUST 303 00:07:51,233 --> 00:07:51,533 THAT. 304 00:07:51,600 --> 00:07:54,200 IF THEY -- IF SOMEONE BOUGHT -- 305 00:07:54,266 --> 00:07:55,866 IF SOMEONE DONATED TO TRUMP $50, 306 00:07:55,933 --> 00:07:57,800 HE WOULD HAVE THAT $50. 307 00:07:57,866 --> 00:07:59,166 BUT IF SOMEONE BUYS THE SHARE 308 00:07:59,233 --> 00:08:00,100 AND MILLIONS OF PEOPLE ARE 309 00:08:00,166 --> 00:08:00,733 BUYING SHARES, IT'S DRIVING THE 310 00:08:00,833 --> 00:08:01,333 PRICE HIGHER AND HIGHER AND 311 00:08:01,400 --> 00:08:02,800 HIGHER. 312 00:08:02,866 --> 00:08:03,466 >> THAT MAY HAVE A BIGGER 313 00:08:03,533 --> 00:08:03,800 IMPACT, YEAH. 314 00:08:03,866 --> 00:08:04,433 >> A MUCH BIGGER IMPACT. 315 00:08:04,500 --> 00:08:05,633 TRUMP -- TRUMP COULD THEN 316 00:08:05,700 --> 00:08:07,766 OFFLOAD A SMALLER PORTION OF 317 00:08:07,833 --> 00:08:09,433 SHARES FOR A MASSIVE AMOUNT OF 318 00:08:09,500 --> 00:08:10,466 MONEY, RELATIVE TO WHAT PEOPLE 319 00:08:10,533 --> 00:08:15,666 ACTUALLY BOUGHT SHARES FOR. 320 00:08:15,733 --> 00:08:15,933 [LAUGHTER] 321 00:08:16,000 --> 00:08:21,500 >> John: YOU GOTTA LOVE DUDES. 322 00:08:21,566 --> 00:08:22,633 IN A WAY, THEY ARE RIGHT. 323 00:08:22,700 --> 00:08:23,600 TRUTH SOCIAL IS BASICALLY A MEME 324 00:08:23,666 --> 00:08:25,100 STOCK NOW, AND ITS PRICE HAS 325 00:08:25,166 --> 00:08:27,233 RISEN BASED ON THE SAME 326 00:08:27,300 --> 00:08:27,800 PRINCIPLE BEHIND MEME STOCKS 327 00:08:27,866 --> 00:08:28,600 LIKE GAMESTOP OR AMC -- IF 328 00:08:28,666 --> 00:08:30,266 ENOUGH INVESTORS BUY SHARES, 329 00:08:30,332 --> 00:08:31,800 THEY CAN DRIVE THE PRICE UP, AND 330 00:08:31,866 --> 00:08:32,665 EVERYONE CAN SOMEHOW GET OUT 331 00:08:32,732 --> 00:08:34,933 BEFORE THE BUBBLE BURSTS. 332 00:08:35,033 --> 00:08:36,765 BUT THE GAMESTOP MOVEMENT WAS AT 333 00:08:36,832 --> 00:08:38,332 LEAST NOMINALLY ABOUT WRESTING 334 00:08:38,400 --> 00:08:40,033 FINANCIAL POWER AWAY FROM SHITTY 335 00:08:40,100 --> 00:08:40,966 RICH ASSHOLES AND RESTORING IT 336 00:08:41,033 --> 00:08:43,165 TO THE LITTLE GUY, WHEREAS THIS 337 00:08:43,232 --> 00:08:44,700 MOVEMENT IS ABOUT FUNNELING THE 338 00:08:44,766 --> 00:08:46,733 LITTLE GUY'S MONEY DIRECTLY TO 339 00:08:46,800 --> 00:08:47,366 THE SHITTIEST RICH ASSHOLE THERE 340 00:08:47,433 --> 00:08:49,200 IS. 341 00:08:49,266 --> 00:08:50,700 AND IT'S BEING PUSHED THE SAME 342 00:08:50,766 --> 00:08:51,433 WAY AS OTHER MEME STOCKS, 343 00:08:51,500 --> 00:08:54,833 THROUGH SOCIAL MEDIA POSTS LIKE 344 00:08:54,900 --> 00:08:56,233 THIS ONE THAT SAYS "IF YOU LOVE 345 00:08:56,300 --> 00:08:58,500 AMERICA BUY DJT NOW," OR THIS 346 00:08:58,566 --> 00:08:59,233 ONE READING "STAY CALM AND BUY 347 00:08:59,300 --> 00:09:00,900 MORE $DJT," TO MY PERSONAL 348 00:09:00,966 --> 00:09:02,166 FAVORITE, THIS ONE THAT PROMOTES 349 00:09:02,233 --> 00:09:03,266 THE STOCK ALONGSIDE AN 350 00:09:03,333 --> 00:09:04,533 EAGLE-SHAPED ERECTION THAT 351 00:09:04,600 --> 00:09:08,100 JIZZES GLITTER. 352 00:09:08,200 --> 00:09:09,600 WHICH MAKES SENSE, I SUPPOSE. 353 00:09:09,666 --> 00:09:10,533 TRUTH SOCIAL IS KIND OF LIKE A 354 00:09:10,600 --> 00:09:11,166 PENIS, IN THAT A LOT OF SAD MEN 355 00:09:11,233 --> 00:09:12,333 ON THE INTERNET SPEND THEIR TIME 356 00:09:12,400 --> 00:09:15,700 LYING ABOUT HOW BIG IT IS. 357 00:09:15,766 --> 00:09:17,033 AND WHAT IT CAN DO FOR YOU. 358 00:09:17,100 --> 00:09:17,300 [LAUGHTER] 359 00:09:17,366 --> 00:09:18,533 AND, LOOK, WHO KNOWS EXACTLY 360 00:09:18,600 --> 00:09:19,166 WHERE THIS WILL GO? 361 00:09:19,233 --> 00:09:20,200 TRUTH SOCIAL'S VALUE COULD 362 00:09:20,266 --> 00:09:21,033 COLLAPSE WHEN PEOPLE REALIZE 363 00:09:21,100 --> 00:09:22,433 THEY'VE POURED BILLIONS OF 364 00:09:22,500 --> 00:09:23,033 DOLLARS INTO A POTATO WITH THE 365 00:09:23,100 --> 00:09:23,666 WORDS "SOCIAL MEDIA" PAINTED ON 366 00:09:23,733 --> 00:09:27,933 IT. 367 00:09:28,000 --> 00:09:29,566 ALTHOUGH, IF THAT HAPPENS, I'M 368 00:09:29,633 --> 00:09:31,100 GUESSING SPEED WILL HAVE ALREADY 369 00:09:31,166 --> 00:09:32,300 CASHED OUT, LEAVING HIS 370 00:09:32,366 --> 00:09:34,066 SUPPORTERS HOLDING THE BAG, BUT 371 00:09:34,133 --> 00:09:35,066 IT'S ALSO POSSIBLE HE BECOMES 372 00:09:35,133 --> 00:09:35,933 PRESIDENT AGAIN AND HOLDS ONTO 373 00:09:36,000 --> 00:09:37,933 THE PLATFORM AS A CONVENIENT WAY 374 00:09:38,000 --> 00:09:39,300 FOR COMPANIES AND FOREIGN 375 00:09:39,366 --> 00:09:40,466 INTERESTS TO FUNNEL MONEY INTO 376 00:09:40,533 --> 00:09:43,133 HIS POCKETS, WHICH THEY ALL KNOW 377 00:09:43,200 --> 00:09:44,665 HE NEEDS. 378 00:09:44,733 --> 00:09:45,633 BUT THE BOTTOM LINE IS, THIS 379 00:09:45,700 --> 00:09:47,266 YEAR MORE THAN EVER, 380 00:09:47,333 --> 00:09:48,200 EVERYTHING TRUMP DOES IS GOING 381 00:09:48,266 --> 00:09:49,566 TO BE A CASH GRAB. 382 00:09:49,633 --> 00:09:51,000 THIS YEAR HAS BROUGHT ONE OF THE 383 00:09:51,066 --> 00:09:51,966 FEW TIMES HE'S ACTUALLY BEEN 384 00:09:52,033 --> 00:09:54,233 ASKED TO PAY THE PRICE FOR HIS 385 00:09:54,300 --> 00:09:55,533 ACTIONS, BUT ALREADY HE'S GOT 386 00:09:55,600 --> 00:09:56,266 OTHER PEOPLE FOOTING THE BILL. 387 00:09:56,333 --> 00:09:59,900 HE'S MONETIZING HIS BAD BEHAVIOR 388 00:09:59,966 --> 00:10:01,233 IN A WAY PERHAPS BEST SUMMED UP 389 00:10:01,300 --> 00:10:02,433 BY THIS T-SHIRT HIS CAMPAIGN'S 390 00:10:02,500 --> 00:10:06,533 SELLING FOR $36, WITH HIS 391 00:10:06,600 --> 00:10:08,200 MUGSHOT AND THE WORDS 392 00:10:08,266 --> 00:10:09,166 "NOT GUILTY," AND I'M AFRAID 393 00:10:09,233 --> 00:10:10,633 THERE'S JUST NO WAY TO PUT A 394 00:10:10,700 --> 00:10:11,900 PRETTY FACE ON THAT, SHORT OF 395 00:10:11,966 --> 00:10:12,500 MAYBE SLAPPING A LEGO HEAD ON 396 00:10:12,566 --> 00:10:13,400 IT. 397 00:10:13,466 --> 00:10:16,300 AND NOW, THIS. 398 00:10:16,366 --> 00:10:20,700 >> Announcer: AND NOW, 399 00:10:20,766 --> 00:10:22,600 GARTH BROOKS' FACEBOOK VIDEOS 400 00:10:22,666 --> 00:10:23,666 ARE A PORTRAIT OF A VERY STRANGE 401 00:10:23,733 --> 00:10:23,833 MAN. 402 00:10:23,900 --> 00:10:25,366 >> I GUESS IT'S OFFICIAL. 403 00:10:25,433 --> 00:10:26,466 WE ARE NOW ON FACEBOOK. 404 00:10:26,533 --> 00:10:28,133 WHEN I THINK ABOUT THINGS I WANT 405 00:10:28,200 --> 00:10:31,600 TO POST, I WANT TO POST COOL 406 00:10:31,666 --> 00:10:33,700 STUFF, SLICK STUFF, NEAT STUFF. 407 00:10:33,766 --> 00:10:34,665 BUT MOST STUFF I'M GOING TO POST 408 00:10:34,733 --> 00:10:38,200 IS GOING TO BE RAW STUFF LIKE 409 00:10:38,266 --> 00:10:38,400 THIS. 410 00:10:38,466 --> 00:10:42,733 THIS IS JUST WHO I AM. 411 00:10:42,800 --> 00:10:42,933 WHEW! 412 00:10:43,000 --> 00:10:44,366 ALL RIGHT. 413 00:10:44,433 --> 00:10:44,900 WHEN DO WE START? 414 00:10:44,966 --> 00:10:46,665 WE ARE ON? 415 00:10:46,733 --> 00:10:47,966 YES! 416 00:10:48,066 --> 00:10:49,266 I JUST HOPE THE PEOPLE THAT GET 417 00:10:49,366 --> 00:10:51,433 IN, I HOPE THEY FEEL IT WAS 418 00:10:51,500 --> 00:10:52,133 WORTH IT. 419 00:10:52,200 --> 00:10:53,200 SPEAK OF THE GUYS CAME IN TODAY 420 00:10:53,266 --> 00:10:54,333 AND FOUND ME IN THE STUDIO ON 421 00:10:54,400 --> 00:10:55,200 THE FLOOR. 422 00:10:55,266 --> 00:10:55,766 I WAS OUT COLD. 423 00:10:55,833 --> 00:10:57,466 THEY WOKE ME UP ABOUT AN HOUR 424 00:10:57,533 --> 00:10:57,733 AGO. 425 00:10:57,800 --> 00:10:58,500 SORRY FOR HOW I LOOK. 426 00:10:58,566 --> 00:11:00,900 I DON'T THINK YOU'LL EVER SEE ME 427 00:11:00,966 --> 00:11:02,666 LOOK AS BAD AS THIS. 428 00:11:02,733 --> 00:11:04,100 LIVING HERE, IT'S GREAT. 429 00:11:04,166 --> 00:11:06,100 CRIED ALL DAY, LEFT ALL DAY. 430 00:11:06,166 --> 00:11:09,000 >> WE ARE STAYING TOGETHER 431 00:11:09,066 --> 00:11:09,666 BACKSTAGE. 432 00:11:09,733 --> 00:11:14,900 >> [SCATTING] 433 00:11:14,966 --> 00:11:16,866 >> IS WHAT HAPPENED TONIGHT WAS 434 00:11:16,933 --> 00:11:18,666 ANY SIGN OF WHAT'S GOING HAPPEN 435 00:11:18,733 --> 00:11:20,233 IN 2020, IT'S GOING TO BE THE 436 00:11:20,333 --> 00:11:22,200 BEST YEAR YET FOR US. 437 00:11:22,300 --> 00:11:22,766 [LAUGHTER] 438 00:11:22,833 --> 00:11:23,200 >> John: MOVING ON. 439 00:11:23,266 --> 00:11:24,466 OUR MAIN STORY TONIGHT CONCERNS 440 00:11:24,533 --> 00:11:25,000 FOOD DELIVERY. 441 00:11:25,066 --> 00:11:26,166 THE THING THAT CAN TURN A 442 00:11:26,233 --> 00:11:26,900 LETHALLY DEPRESSING SATURDAY 443 00:11:26,966 --> 00:11:28,133 NIGHT INTO A LETHALLY DEPRESSING 444 00:11:28,200 --> 00:11:31,433 SATURDAY NIGHT WITH PAD THAI. 445 00:11:31,500 --> 00:11:31,700 [LAUGHTER] 446 00:11:31,766 --> 00:11:32,600 SPECIFICALLY, WE'RE GOING TO 447 00:11:32,665 --> 00:11:33,933 TALK ABOUT FOOD DELIVERY APPS. 448 00:11:34,000 --> 00:11:35,033 YOU'RE PROBABLY FAMILIAR WITH 449 00:11:35,100 --> 00:11:36,466 THEM, WHETHER YOU'RE A USER, OR 450 00:11:36,533 --> 00:11:37,100 A VIEWER OF THEIR CONSTANT ADS, 451 00:11:37,165 --> 00:11:38,366 FEATURING EVERYONE FROM 452 00:11:38,433 --> 00:11:40,566 JENNIFER ANISTON, TO BIG BIRD, 453 00:11:40,633 --> 00:11:41,665 TO THIS UBER EATS SUPER BOWL ONE 454 00:11:41,733 --> 00:11:43,733 STARRING NONE OTHER THAN DIDDY. 455 00:11:43,800 --> 00:11:44,600 AND I'M GUESSING UBER EATS MIGHT 456 00:11:44,665 --> 00:11:45,833 BE REGRETTING THAT LAST ONE 457 00:11:45,900 --> 00:11:47,600 RIGHT NOW. 458 00:11:47,665 --> 00:11:48,633 THEY'VE EVEN RELEASED ADS FOR 459 00:11:48,700 --> 00:11:51,366 SPECIAL OCCASIONS, LIKE THIS. 460 00:11:51,433 --> 00:11:52,266 >> WHAT ARE YOU EATING THIS 461 00:11:52,333 --> 00:11:53,866 PRIDE? 462 00:11:53,933 --> 00:11:56,033 WELL, IF YOU'RE A TOP, IT SEEMS 463 00:11:56,100 --> 00:11:56,633 LIKE YOU CAN EAT WHATEVER YOU 464 00:11:56,700 --> 00:11:58,700 WANT. 465 00:11:58,766 --> 00:12:00,166 BUT IF YOU'RE A BOTTOM, YOU'RE 466 00:12:00,233 --> 00:12:02,200 EXPECTED TO STARVE? 467 00:12:02,266 --> 00:12:04,666 NOT THIS PRIDE. 468 00:12:04,733 --> 00:12:06,266 INTRODUCING THE BOTTOM FRIENDLY 469 00:12:06,333 --> 00:12:08,433 MENU FROM POSTMATES. 470 00:12:08,500 --> 00:12:10,300 >> HUH? 471 00:12:10,366 --> 00:12:12,600 >> John: THAT'S A REAL AD 472 00:12:12,666 --> 00:12:15,366 FOR A BOTTOM FRIENDLY MENU FROM 473 00:12:15,433 --> 00:12:16,666 POSTMATES, FEATURING AN EGGPLANT 474 00:12:16,733 --> 00:12:17,500 IN LEATHER FETISH GEAR, LOOKING 475 00:12:17,566 --> 00:12:18,200 LIKE A CHARACTER FROM 476 00:12:18,266 --> 00:12:19,200 "VEGGIETALES" WHO ESCAPED THEIR 477 00:12:19,266 --> 00:12:19,833 EVANGELICAL UPBRINGING AND FOUND 478 00:12:19,900 --> 00:12:22,566 HAPPINESS. 479 00:12:22,633 --> 00:12:23,166 AND, BY THE WAY, IT'S GOOD TO 480 00:12:23,233 --> 00:12:24,300 SEE THE PEACH FROM "CALL ME BY 481 00:12:24,366 --> 00:12:25,433 YOUR NAME" STAYING BOOKED AND 482 00:12:25,500 --> 00:12:25,866 BUSY. 483 00:12:25,933 --> 00:12:27,066 GAY PARTS SHOULD GO TO GAY 484 00:12:27,133 --> 00:12:28,200 ACTORS. 485 00:12:28,300 --> 00:12:29,733 BUT EVEN BEYOND UNSOLICITED SEX 486 00:12:29,800 --> 00:12:31,833 DIET TIPS, PEOPLE USE DELIVERY 487 00:12:31,900 --> 00:12:33,566 APPS FOR ALL SORTS OF REASONS -- 488 00:12:33,633 --> 00:12:34,866 AND SOME, VERY GOOD, AS THIS 489 00:12:34,933 --> 00:12:36,766 DRIVER FOR DOORDASH EXPLAINS. 490 00:12:36,833 --> 00:12:39,000 >> IT'S ALL -- IT'S ALL SORTS, 491 00:12:39,066 --> 00:12:42,165 THE AVERAGE CUSTOMER, IT'S LIKE, 492 00:12:42,233 --> 00:12:43,300 IT'S NOT LIKE A BUNCH OF LAZY 493 00:12:43,366 --> 00:12:43,766 PEOPLE. 494 00:12:43,833 --> 00:12:44,900 IT'S -- A LOT OF PEOPLE NEED 495 00:12:44,966 --> 00:12:47,133 THIS BECAUSE THEY'RE TOO BUSY 496 00:12:47,200 --> 00:12:49,133 WITH KIDS, OR THEY DON'T HAVE A 497 00:12:49,200 --> 00:12:51,033 LICENSE FOR WHATEVER REASON. 498 00:12:51,100 --> 00:12:51,966 PEOPLE ALSO THAT ARE JUST DRUNK 499 00:12:52,033 --> 00:12:52,600 OR STONED, AND THEY DON'T WANT 500 00:12:52,665 --> 00:12:53,900 TO DRIVE. 501 00:12:53,966 --> 00:12:55,066 THEY'RE ACTUALLY BEING 502 00:12:55,133 --> 00:12:55,700 RESPONSIBLE, AND THEY DON'T WANT 503 00:12:55,766 --> 00:12:56,533 TO DRIVE AND GET THE FOOD 504 00:12:56,600 --> 00:12:57,800 THEMSELVES. 505 00:12:57,866 --> 00:12:59,000 SO, I'LL DELIVER TO THEM. 506 00:12:59,066 --> 00:13:00,166 YOU KNOW, THERE'S PLENTY OF 507 00:13:00,266 --> 00:13:01,533 TIMES I'LL COME TO A DOOR AND 508 00:13:01,633 --> 00:13:03,200 THE DOOR WILL OPEN AND SO MUCH 509 00:13:03,266 --> 00:13:05,500 POT SMOKE WILL COME OUT, AND THE 510 00:13:05,566 --> 00:13:06,366 PERSON'S EYES ARE, LIKE, SUPER 511 00:13:06,433 --> 00:13:06,900 RED. 512 00:13:06,966 --> 00:13:09,433 AND I LOVE THAT. 513 00:13:09,500 --> 00:13:10,700 I THINK THAT'S SO FUNNY. 514 00:13:10,766 --> 00:13:12,333 IT'S LIKE, SOME GUY. 515 00:13:12,400 --> 00:13:14,533 HE'S, LIKE, COLLEGE AGE, AND 516 00:13:14,600 --> 00:13:15,166 HE'S JUST LIKE, "OH, THANK GOD. 517 00:13:15,233 --> 00:13:16,100 THE FOOD'S HERE." 518 00:13:16,166 --> 00:13:16,933 >> John: YEAH, I LOVE THAT, TOO! 519 00:13:17,000 --> 00:13:18,066 AND I KNOW THAT MIGHT BE HARD TO 520 00:13:18,133 --> 00:13:19,133 BELIEVE FROM ME, SOMEONE WHO 521 00:13:19,200 --> 00:13:20,600 LOOKS LIKE HE'S ONLY EVER 522 00:13:20,666 --> 00:13:21,666 CONFISCATED WEED. 523 00:13:21,733 --> 00:13:23,266 BUT I'M ALL ABOUT THE STICKY 524 00:13:23,333 --> 00:13:23,600 ICKY. 525 00:13:23,666 --> 00:13:26,700 I'M LIKE MISS PIGGY THE WAY I'M 526 00:13:26,766 --> 00:13:28,166 HITTIN' THAT GREEN. 527 00:13:28,233 --> 00:13:28,900 EVEN NOW, I'M AS HIGH AS A 528 00:13:28,966 --> 00:13:30,433 GIRAFFE'S ASSHOLE, AND AS SPACED 529 00:13:30,500 --> 00:13:31,166 OUT AS A 9TH GRADER'S ESSAY 530 00:13:31,233 --> 00:13:34,400 TRYING TO MEET THE PAGE LIMIT. 531 00:13:34,500 --> 00:13:35,233 I GET IT, OKAY? 532 00:13:35,333 --> 00:13:36,665 BUT EVEN IF YOU'RE NOT STONED, 533 00:13:36,733 --> 00:13:37,700 THESE APPS ARE INCREDIBLY 534 00:13:37,766 --> 00:13:39,466 CONVENIENT. 535 00:13:39,533 --> 00:13:40,665 AND, THE TRUTH IS, IF YOU 536 00:13:40,733 --> 00:13:41,733 WEREN'T USING THEM BEFORE 2020, 537 00:13:41,800 --> 00:13:43,100 YOU ALMOST DEFINITELY HAVE 538 00:13:43,165 --> 00:13:44,900 SINCE. 539 00:13:44,966 --> 00:13:46,300 BECAUSE, EARLY ON IN COVID, 540 00:13:46,366 --> 00:13:47,200 AFTER IN-PERSON DINING SHUT 541 00:13:47,266 --> 00:13:48,433 DOWN, THEIR GROWTH SKYROCKETED. 542 00:13:48,500 --> 00:13:50,200 SALES FOR DELIVERY APPS NEARLY 543 00:13:50,266 --> 00:13:50,966 DOUBLED, AND HAVEN'T GONE DOWN 544 00:13:51,033 --> 00:13:52,000 SINCE. 545 00:13:52,066 --> 00:13:53,333 THESE APPS BASICALLY HAD THE 546 00:13:53,400 --> 00:13:55,300 KIND OF METEORIC PANDEMIC-ERA 547 00:13:55,366 --> 00:13:56,533 RISE THAT SKYPE ABSOLUTELY 548 00:13:56,600 --> 00:13:59,366 THOUGHT THEY WERE IN FOR. 549 00:13:59,433 --> 00:14:00,733 AND WHAT HAPPENED, SKYPE? 550 00:14:00,800 --> 00:14:02,433 YOU HAD IT, AND YOU LOST IT. 551 00:14:02,500 --> 00:14:04,600 WE USED TO USE "SKYPE" AS A VERB 552 00:14:04,666 --> 00:14:05,800 TO MEAN "TO VIDEO CALL SOMEONE," 553 00:14:05,866 --> 00:14:07,366 RATHER THAN WHAT IT MEANS NOW: 554 00:14:07,466 --> 00:14:10,433 TO COMPLETELY FUCK UP THE 555 00:14:10,500 --> 00:14:12,966 EASIEST OPPORTUNITY IMAGINABLE. 556 00:14:13,033 --> 00:14:14,266 THE PANDEMIC TRULY WAS A 557 00:14:14,333 --> 00:14:15,300 WATERSHED MOMENT FOR DELIVERY 558 00:14:15,366 --> 00:14:16,100 APPS, AND THEY MARKETED 559 00:14:16,166 --> 00:14:17,000 THEMSELVES HEAVILY AS THE 560 00:14:17,066 --> 00:14:17,800 SAVIORS OF THE RESTAURANT 561 00:14:17,866 --> 00:14:19,666 INDUSTRY. 562 00:14:19,733 --> 00:14:22,300 >> RESTAURANTS ARE OUR FAMILY. 563 00:14:22,366 --> 00:14:23,000 THE CORNERSTONES OF OUR 564 00:14:23,066 --> 00:14:24,533 COMMUNITIES. 565 00:14:24,600 --> 00:14:28,733 AND OUR FAMILY NEEDS HELP. 566 00:14:28,800 --> 00:14:31,866 RIGHT NOW, THEY'RE FACING A 567 00:14:31,933 --> 00:14:33,133 CRISIS, AND THEY'RE COUNTING ON 568 00:14:33,200 --> 00:14:35,466 YOUR TAKEOUT AND DELIVERY ORDERS 569 00:14:35,533 --> 00:14:36,633 TO HELP THEM THROUGH. 570 00:14:36,700 --> 00:14:37,500 BECAUSE IF WE DON'T TREAT 571 00:14:37,566 --> 00:14:38,733 RESTAURANTS LIKE FAMILY TODAY, 572 00:14:38,800 --> 00:14:40,165 THEY MIGHT NOT BE AROUND TO 573 00:14:40,266 --> 00:14:41,866 TREAT US LIKE FAMILY TOMORROW. 574 00:14:41,966 --> 00:14:45,233 GRUBHUB. 575 00:14:45,300 --> 00:14:49,466 TOGETHER WE CAN SAVE THE 576 00:14:49,533 --> 00:14:50,300 TOGETHER WE CAN HELP SAVE THE 577 00:14:50,366 --> 00:14:51,133 RESTAURANTS WE LOVE. 578 00:14:51,200 --> 00:14:52,233 >> John: WOW, THAT HITS ALL THE 579 00:14:52,300 --> 00:14:52,665 CHECK MARKS OF EVERY 580 00:14:52,733 --> 00:14:53,200 PANDEMIC-ERA AD. 581 00:14:53,266 --> 00:14:54,700 SOFT, TWINKLY PIANO MUSIC? 582 00:14:54,766 --> 00:14:54,900 CHECK. 583 00:14:54,966 --> 00:14:55,833 AN ECLECTIC CROSS-SECTION OF 584 00:14:55,900 --> 00:14:56,533 RACES, AGES, ETHNICITIES, AND 585 00:14:56,600 --> 00:14:57,466 GENDERS? 586 00:14:57,533 --> 00:15:00,000 CHECK. 587 00:15:00,066 --> 00:15:00,766 A VAGUE THREAT THAT, IF WE DON'T 588 00:15:00,833 --> 00:15:02,100 PARTICIPATE IN CAPITALISM, THE 589 00:15:02,166 --> 00:15:02,700 THINGS WE HOLD NEAR AND DEAR 590 00:15:02,766 --> 00:15:03,900 WILL BE DESTROYED? 591 00:15:03,966 --> 00:15:05,166 CHECKITY-CHECK. 592 00:15:05,233 --> 00:15:06,333 BUT EVEN AS OUR USAGE OF THESE 593 00:15:06,400 --> 00:15:08,066 APPS HAS INCREASED, THERE'S BEEN 594 00:15:08,133 --> 00:15:09,200 A RISING CHORUS OF CRITICISM 595 00:15:09,266 --> 00:15:14,266 REGARDING THEIR BUSINESS MODELS, 596 00:15:14,366 --> 00:15:15,533 PERHAPS SUMMED UP BEST BY THIS 597 00:15:15,633 --> 00:15:16,733 NEW YORK CITY COUNCIL MEMBER. 598 00:15:16,800 --> 00:15:18,733 >> WHEN YOU SEE SOMETHING THAT 599 00:15:18,800 --> 00:15:20,366 SUCKS THE BLOOD OUT OF ANYTHING, 600 00:15:20,433 --> 00:15:22,900 YOU CALL THEM LEECHES. 601 00:15:22,966 --> 00:15:23,766 AND THAT IS EXACTLY WHAT GRUBHUB 602 00:15:23,833 --> 00:15:25,333 IS. 603 00:15:25,400 --> 00:15:27,566 >> John: IT'S TRUE! 604 00:15:27,633 --> 00:15:28,933 WHEN YOU SEE SOMETHING THAT 605 00:15:29,000 --> 00:15:31,100 SUCKS THE BLOOD OUT OF ANYTHING, 606 00:15:31,166 --> 00:15:32,533 YOU DO CALL THEM LEECHES. 607 00:15:32,600 --> 00:15:33,833 ALSO, IF YOU SEE SOMETHING THAT 608 00:15:33,900 --> 00:15:34,866 HAS 10 STOMACHS, 32 BRAINS, NINE 609 00:15:34,933 --> 00:15:35,866 PAIRS OF TESTICLES, AND SEVERAL 610 00:15:35,933 --> 00:15:40,066 HUNDRED TEETH, THAT'S A LEECH 611 00:15:40,133 --> 00:15:41,833 TOO, BUT, ADMITTEDLY, IT DOESN'T 612 00:15:41,900 --> 00:15:43,033 APPLY QUITE AS NEATLY HERE. 613 00:15:43,100 --> 00:15:45,665 AND WHILE THAT MIGHT SOUND 614 00:15:45,733 --> 00:15:46,966 HARSH TO YOU, IT'S NOT TOTALLY 615 00:15:47,066 --> 00:15:47,533 UNFAIR. 616 00:15:47,633 --> 00:15:48,333 BECAUSE FOR ALL THE CONVENIENCE 617 00:15:48,433 --> 00:15:49,733 THESE APPS PROVIDE US, THE 618 00:15:49,800 --> 00:15:50,700 CUSTOMERS, THEY COME WITH A HUGE 619 00:15:50,766 --> 00:15:53,033 COST FOR EVERYONE ELSE INVOLVED, 620 00:15:53,100 --> 00:15:53,665 FROM RESTAURANT OWNERS TO THOSE 621 00:15:53,733 --> 00:15:55,433 DELIVERING YOUR FOOD. 622 00:15:55,500 --> 00:15:56,033 SO, TONIGHT, LET'S TALK ABOUT 623 00:15:56,100 --> 00:15:57,165 DELIVERY APPS. 624 00:15:57,233 --> 00:15:58,733 AND FIRST, LET'S TALK ABOUT WHAT 625 00:15:58,800 --> 00:16:00,533 FOOD DELIVERY USED TO LOOK LIKE. 626 00:16:00,600 --> 00:16:02,100 PICTURE IT: IT'S 2003, AND 627 00:16:02,166 --> 00:16:03,966 YOU'RE AT HOME HUNGRY AFTER A 628 00:16:04,033 --> 00:16:04,600 LONG DAY OF WORK AT BLOCKBUSTER 629 00:16:04,666 --> 00:16:07,233 VIDEO. 630 00:16:07,300 --> 00:16:08,866 SO YOU CHECK OUT THE GIANT STACK 631 00:16:08,933 --> 00:16:10,733 OF TAKE-OUT MENUS YOU KEEP IN A 632 00:16:10,800 --> 00:16:11,366 DRAWER, THEN -- TRIGGER WARNING 633 00:16:11,433 --> 00:16:13,833 FOR ANYONE UNDER 30 -- YOU'D 634 00:16:13,900 --> 00:16:15,333 MAKE A PHONE CALL TO A 635 00:16:15,400 --> 00:16:16,966 RESTAURANT, SAY YOUR ORDER OUT 636 00:16:17,033 --> 00:16:18,500 LOUD TO A PERSON WHO WORKED 637 00:16:18,566 --> 00:16:19,933 THERE, AND THEN A DELIVERY 638 00:16:20,000 --> 00:16:20,733 WORKER, ALSO HIRED BY THE 639 00:16:20,833 --> 00:16:22,933 RESTAURANT, CAME TO DROP IT OFF. 640 00:16:23,000 --> 00:16:30,000 THEN YOU TIPPED, IN CASH, AND 641 00:16:30,733 --> 00:16:32,366 TUNED BACK IN TO 642 00:16:32,433 --> 00:16:33,866 "AMERICAN IDOL," TO WATCH THE 643 00:16:33,933 --> 00:16:34,633 MOST FAMOUS PERSON IN THE WORLD: 644 00:16:34,700 --> 00:16:35,100 RUBEN STUDDARD. 645 00:16:35,165 --> 00:16:36,165 THE SYSTEM WAS BY NO MEANS 646 00:16:36,233 --> 00:16:36,800 PERFECT, BUT RESTAURANTS MADE A 647 00:16:36,866 --> 00:16:37,866 PROFIT ON YOUR ORDER, AND 648 00:16:37,933 --> 00:16:39,066 DELIVERY DRIVERS WERE, AT LEAST 649 00:16:39,133 --> 00:16:39,566 THEORETICALLY, PAID AS 650 00:16:39,633 --> 00:16:41,033 EMPLOYEES. 651 00:16:41,100 --> 00:16:42,300 BUT, OVER THE PAST DECADE, APPS 652 00:16:42,366 --> 00:16:43,300 HAVE FUNDAMENTALLY SHIFTED THAT 653 00:16:43,366 --> 00:16:43,600 MODEL. 654 00:16:43,665 --> 00:16:44,533 NOW, THE ORDERING PART TENDS TO 655 00:16:44,600 --> 00:16:45,400 TAKE PLACE VIA AN APP, WHICH 656 00:16:45,466 --> 00:16:47,033 THEN CONTACTS A DELIVERY DRIVER 657 00:16:47,100 --> 00:16:49,633 WHO TYPICALLY DOESN'T WORK 658 00:16:49,700 --> 00:16:50,700 FOR THE RESTAURANT, WHO 659 00:16:50,766 --> 00:16:51,266 TRANSPORTS THE FOOD TO YOU. 660 00:16:51,333 --> 00:16:52,600 AND, TO BE FAIR, THERE'VE BEEN 661 00:16:52,665 --> 00:16:53,200 SOME UPSIDES IN THIS MODEL FOR 662 00:16:53,266 --> 00:16:54,233 RESTAURANTS. 663 00:16:54,333 --> 00:16:57,300 >> THERE'S DEFINITELY A LOT OF 664 00:16:57,366 --> 00:17:00,100 POSITIVES, AND ONE OF THEM IS 665 00:17:00,166 --> 00:17:01,566 LIKE KNOWING THAT THERE'S A 666 00:17:01,633 --> 00:17:04,599 DELIVERY GUY NEARBY TO PICK UP 667 00:17:04,665 --> 00:17:05,766 THE FOOD, AND WE DON'T HAVE TO 668 00:17:05,833 --> 00:17:06,633 HAVE SOMEONE ON STAFF. 669 00:17:06,700 --> 00:17:07,665 WE WOULD NEED ABOUT 15 GUYS HERE 670 00:17:07,733 --> 00:17:09,233 AT ALL TIMES. 671 00:17:09,300 --> 00:17:10,532 >> John: RIGHT, BEFORE DELIVERY 672 00:17:10,599 --> 00:17:13,200 APPS, THAT OWNER WOULD'VE NEEDED 673 00:17:13,266 --> 00:17:14,833 FIFTEEN DELIVERY GUYS JUST 674 00:17:14,900 --> 00:17:15,700 STANDING AROUND AT ALL TIMES, 675 00:17:15,766 --> 00:17:19,366 WHICH HONESTLY SOUNDS LESS LIKE 676 00:17:19,433 --> 00:17:19,900 A RESTAURANT AND MORE LIKE 677 00:17:19,965 --> 00:17:20,532 SOMEONE DESCRIBING AN ORGY THAT 678 00:17:20,599 --> 00:17:21,766 DIDN'T QUITE TAKE OFF. 679 00:17:21,833 --> 00:17:22,933 AND APPS WILL POINT OUT, THEY 680 00:17:23,000 --> 00:17:23,665 ALSO PUT RESTAURANTS' MENUS IN 681 00:17:23,733 --> 00:17:25,099 FRONT OF HUNGRY PEOPLE, WHICH 682 00:17:25,165 --> 00:17:26,133 CAN HELP THEM WITH REACHING MORE 683 00:17:26,200 --> 00:17:27,165 CUSTOMERS AND GROWING REVENUE. 684 00:17:27,266 --> 00:17:27,866 BUT REVENUE ISN'T THE SAME AS 685 00:17:27,965 --> 00:17:29,266 PROFIT. 686 00:17:29,333 --> 00:17:30,400 AND LET'S TALK ABOUT HOW, 687 00:17:30,466 --> 00:17:31,333 EXACTLY, THESE COMPANIES MAKE 688 00:17:31,400 --> 00:17:31,900 MONEY. 689 00:17:31,966 --> 00:17:34,900 BECAUSE THEY MAKE SOME OFF THE 690 00:17:34,966 --> 00:17:36,033 VARIOUS FEES THAT YOU MIGHT SEE 691 00:17:36,100 --> 00:17:37,000 WHEN YOU ORDER. 692 00:17:37,066 --> 00:17:38,433 BUT THEY ALSO CHARGE RESTAURANTS 693 00:17:38,500 --> 00:17:39,066 15% TO 30% OF AN ORDER IN 694 00:17:39,133 --> 00:17:40,100 COMMISSIONS. 695 00:17:40,166 --> 00:17:41,133 AND THAT NUMBER CAN GET EVEN 696 00:17:41,200 --> 00:17:42,300 HIGHER WHEN APPS CHARGE 697 00:17:42,366 --> 00:17:43,866 RESTAURANTS ADDITIONAL FEES, FOR 698 00:17:43,933 --> 00:17:45,900 EVERYTHING FROM BOOSTING THEIR 699 00:17:45,966 --> 00:17:46,833 PLACEMENT IN THE APP TO MAKING 700 00:17:46,900 --> 00:17:49,133 THEM PART OF SPECIAL PROMOTIONS. 701 00:17:49,200 --> 00:17:50,300 AND, ESPECIALLY DURING THE 702 00:17:50,366 --> 00:17:52,100 PANDEMIC, WHEN ONLINE ORDERS 703 00:17:52,166 --> 00:17:52,666 WERE BASICALLY THE ONLY ONES 704 00:17:52,733 --> 00:17:53,533 COMING IN, RESTAURANTS WHO'D 705 00:17:53,600 --> 00:17:54,500 SIGNED UP FOR AN APP COULD BE 706 00:17:54,566 --> 00:17:56,366 UNPLEASANTLY SURPRISED WHEN THEY 707 00:17:56,433 --> 00:17:56,966 SAW JUST HOW LITTLE WAS LEFT 708 00:17:57,033 --> 00:17:58,166 AFTER THE APPS HAD TAKEN THEIR 709 00:17:58,233 --> 00:18:01,266 CUT. 710 00:18:01,366 --> 00:18:02,666 >> WE SIGNED UP WITH THE -- 711 00:18:02,766 --> 00:18:04,000 DURING THIS PANDEMIC -- IT'S 712 00:18:04,066 --> 00:18:04,633 JUST ANY WAY TO GET ANY INCOME, 713 00:18:04,700 --> 00:18:05,366 TO HAVE CASH ON HAND TO BE ABLE 714 00:18:05,433 --> 00:18:07,033 TO KEEP OUR STAFF. 715 00:18:07,100 --> 00:18:07,633 >> THIS WAS GRUBHUB'S BILL TO 716 00:18:07,700 --> 00:18:08,833 THE WARREN. 717 00:18:08,900 --> 00:18:11,066 OUT OF TOTAL ORDERS OF MORE THAN 718 00:18:11,133 --> 00:18:15,800 $16,000, GRUBHUB GAVE THE 719 00:18:15,866 --> 00:18:16,700 RESTAURANT ONLY ABOUT $7,000 720 00:18:16,766 --> 00:18:17,400 BACK. 721 00:18:17,466 --> 00:18:18,600 >> IT WAS EQUAL TO 42% OF OUR 722 00:18:18,666 --> 00:18:19,600 SALES THAT WE GOT, SO THEY TOOK 723 00:18:19,666 --> 00:18:23,666 58% OF IT. 724 00:18:23,733 --> 00:18:25,000 >> John: IT'S TRUE, THEY TOOK 725 00:18:25,066 --> 00:18:26,066 58% OF THEIR SALES. 726 00:18:26,133 --> 00:18:26,766 AND I KNOW JUST SAYING 727 00:18:26,833 --> 00:18:27,700 PERCENTAGES AT YOU MIGHT NOT BE 728 00:18:27,766 --> 00:18:29,600 HELPFUL, EVEN THOUGH YOU KNOW 729 00:18:29,666 --> 00:18:31,033 YOU'RE WATCHING AN EPISODE 730 00:18:31,100 --> 00:18:32,666 OF "NUMBERS BEING YELLED AT YOU 731 00:18:32,733 --> 00:18:33,866 WITH HUMAN SQUIDWARD," BUT 58% 732 00:18:33,933 --> 00:18:35,133 IS A LOT. 733 00:18:35,233 --> 00:18:37,266 NOW, GRUBHUB INSISTS THAT 734 00:18:37,333 --> 00:18:39,733 RESTAURANT AGREED TO THOSE FEES 735 00:18:39,800 --> 00:18:40,833 UP FRONT, AND THAT 58% IS AN 736 00:18:40,900 --> 00:18:42,900 OUTLIER, BUT IT'S WORTH NOTING: 737 00:18:42,966 --> 00:18:49,966 "THE WASHINGTON POST" RECENTLY 738 00:18:50,633 --> 00:18:52,233 RAN AN EXPERIMENT WHERE THEY 739 00:18:52,300 --> 00:18:52,900 ORDERED THE SAME MEAL, FROM 740 00:18:52,966 --> 00:18:53,766 THIS RESTAURANT IN 741 00:18:53,833 --> 00:18:55,033 SAN FRANCISCO, ON THREE 742 00:18:55,100 --> 00:18:55,400 DIFFERENT APPS. 743 00:18:55,466 --> 00:18:56,200 THE MEAL ITSELF COST $20.69 744 00:18:56,266 --> 00:18:56,833 BEFORE FEES, TAXES AND TIP, AND 745 00:18:56,900 --> 00:18:57,900 WHEN THEY CONTACTED THE 746 00:18:57,966 --> 00:18:58,733 RESTAURANT, THEY FOUND THAT, FOR 747 00:18:58,800 --> 00:18:59,300 UBEREATS, THE RESTAURANT GOT 748 00:18:59,366 --> 00:19:00,166 $14.48 BACK. 749 00:19:00,233 --> 00:19:01,500 FOR GRUBHUB, IT GOT $12.47. 750 00:19:01,566 --> 00:19:03,233 AND FOR DOORDASH, IT ONLY GOT 751 00:19:03,300 --> 00:19:05,433 $10.59. 752 00:19:05,500 --> 00:19:08,033 THOSE ARE "MAFIA MARGINS." 753 00:19:08,133 --> 00:19:12,533 ALSO, AS QUICK SIDENOTE: WHAT A 754 00:19:12,600 --> 00:19:13,700 FUN ASSIGNMENT FOR A JOURNALIST 755 00:19:13,766 --> 00:19:15,533 THAT WAS! 756 00:19:15,600 --> 00:19:16,100 SOMETIMES, JOURNALISTS TRACK 757 00:19:16,166 --> 00:19:16,700 DOWN SOURCES OR PORE THROUGH 758 00:19:16,766 --> 00:19:17,366 THOUSANDS OF PAGES OF DOCUMENTS. 759 00:19:17,433 --> 00:19:17,966 OTHER TIMES, YOU GET TO ORDER 760 00:19:18,033 --> 00:19:19,233 CHICKEN PARM A BUNCH OF TIMES IN 761 00:19:19,300 --> 00:19:20,300 A ROW. 762 00:19:20,366 --> 00:19:23,100 IT'S REALLY THE LUCK OF THE 763 00:19:23,166 --> 00:19:23,300 DRAW. 764 00:19:23,366 --> 00:19:24,433 BUT IT'S GOTTEN TO THE POINT 765 00:19:24,500 --> 00:19:25,933 WHERE MANY RESTAURANTS HAVE 766 00:19:26,000 --> 00:19:27,333 TAKEN TO INCREASING THEIR PRICES 767 00:19:27,400 --> 00:19:28,100 ON THE APPS, TO AT LEAST 768 00:19:28,166 --> 00:19:30,833 PARTIALLY OFFSET THOSE FEES. 769 00:19:30,900 --> 00:19:34,766 THAT IS WHY YOU MAY'VE NOTICED 770 00:19:34,833 --> 00:19:35,400 FOOD OFTEN COSTS MORE ON AN APP 771 00:19:35,466 --> 00:19:36,466 THAN IT DOES AT THE RESTAURANT. 772 00:19:36,533 --> 00:19:37,033 AND YOU MIGHT THINK, "WELL, 773 00:19:37,100 --> 00:19:38,166 RESTAURANTS SHOULD JUST REFUSE 774 00:19:38,233 --> 00:19:38,866 TO BE LISTED ON THESE SITES, 775 00:19:38,933 --> 00:19:39,500 THEN." 776 00:19:39,566 --> 00:19:40,633 BUT RESISTING THEM HASN'T ALWAYS 777 00:19:40,733 --> 00:19:42,300 WORKED. 778 00:19:42,400 --> 00:19:42,866 APPS HAVE REPEATEDLY ADDED 779 00:19:42,933 --> 00:19:45,233 RESTAURANTS AGAINST THEIR WILL. 780 00:19:45,300 --> 00:19:46,566 IN D.C. ALONE, GRUBHUB WAS 781 00:19:46,633 --> 00:19:50,100 ACCUSED OF LISTING MORE THAN A 782 00:19:50,166 --> 00:19:51,333 THOUSAND RESTAURANTS AVAILABLE 783 00:19:51,400 --> 00:19:51,933 FOR DELIVERY THAT THEY DIDN'T 784 00:19:52,000 --> 00:19:52,600 HAVE CONTRACTS WITH. 785 00:19:52,666 --> 00:19:53,800 AND IF YOU'RE THINKING, "I DON'T 786 00:19:53,866 --> 00:19:54,866 SEE A PROBLEM -- THEY GET TO BE 787 00:19:54,933 --> 00:19:56,166 ON THE APP WITHOUT PAYING FOR 788 00:19:56,233 --> 00:19:56,633 IT." 789 00:19:56,700 --> 00:19:57,700 THERE ARE ACTUALLY MULTIPLE 790 00:19:57,766 --> 00:19:58,933 ISSUES THERE. 791 00:19:59,000 --> 00:20:02,000 NOT EVERY RESTAURANT WANTS TO DO 792 00:20:02,066 --> 00:20:03,033 DELIVERY, OR IS EVEN SET UP FOR 793 00:20:03,100 --> 00:20:03,533 IT. 794 00:20:03,600 --> 00:20:04,400 AND GRUBHUB'S BEEN ACCUSED OF 795 00:20:04,466 --> 00:20:05,400 NOT WARNING RESTAURANTS BEFORE 796 00:20:05,466 --> 00:20:06,633 LISTING THEM, LEADING TO THEM 797 00:20:06,700 --> 00:20:07,433 BEING SUDDENLY INUNDATED WITH 798 00:20:07,500 --> 00:20:11,033 ORDERS THEY NEVER EXPECTED. 799 00:20:11,100 --> 00:20:12,166 ONE IN CALIFORNIA EVEN 800 00:20:12,233 --> 00:20:12,900 COMPLAINED ABOUT GRUBHUB'S 801 00:20:12,966 --> 00:20:14,200 MENU LISTING "FOOD THAT IT DOES 802 00:20:14,300 --> 00:20:14,833 NOT ACTUALLY MAKE, AND HAS NEVER 803 00:20:14,933 --> 00:20:16,500 MADE." 804 00:20:16,566 --> 00:20:17,700 BASICALLY, GRUBHUB WOULD LIST A 805 00:20:17,766 --> 00:20:20,300 RESTAURANT WITHOUT ITS 806 00:20:20,366 --> 00:20:21,366 PERMISSION OR KNOWLEDGE, AND 807 00:20:21,433 --> 00:20:22,933 THEN MAKE MONEY BY CHARGING YOU 808 00:20:23,000 --> 00:20:24,100 A HIGH DELIVERY FEE TO BRING THE 809 00:20:24,166 --> 00:20:26,433 FOOD TO YOUR DOOR. 810 00:20:26,500 --> 00:20:28,000 BUT THAT MIGHT PUT THE 811 00:20:28,066 --> 00:20:29,100 RESTAURANT ITSELF IN A TOUGH 812 00:20:29,166 --> 00:20:30,600 SPOT, BECAUSE THEY MIGHT BE 813 00:20:30,666 --> 00:20:32,100 DISAPPOINTING CUSTOMERS IN WAYS 814 00:20:32,166 --> 00:20:34,500 THEY DON'T EVEN REALIZE. 815 00:20:34,566 --> 00:20:35,200 >> M STREET BAKING COMPANY IN 816 00:20:35,266 --> 00:20:36,233 HOWELL IS OPEN FOR TAKEOUT 817 00:20:36,300 --> 00:20:37,766 DURING THE PANDEMIC. 818 00:20:37,833 --> 00:20:38,833 LIKE MANY RESTAURANTS, THEY WERE 819 00:20:38,900 --> 00:20:40,366 APPROACHED TO JOIN GRUBHUB FOR 820 00:20:40,433 --> 00:20:41,900 FOOD DELIVERY, BUT DECLINED. 821 00:20:41,966 --> 00:20:44,200 >> WE FOUND OUT THAT THEY WERE 822 00:20:44,266 --> 00:20:45,800 SENDING PEOPLE IN PRETENDING TO 823 00:20:45,866 --> 00:20:47,033 JUST BE REGULAR CUSTOMERS, BUT 824 00:20:47,133 --> 00:20:48,866 ACTUALLY WORKING FOR GRUBHUB AND 825 00:20:48,933 --> 00:20:50,400 DELIVERING OUR STUFF WITHOUT OUR 826 00:20:50,466 --> 00:20:52,000 KNOWLEDGE. 827 00:20:52,066 --> 00:20:52,533 THEY WERE OFFERING 828 00:20:52,600 --> 00:20:53,666 MILKSHAKES. 829 00:20:53,733 --> 00:20:54,500 WE DON'T PUT LIDS ON OUR 830 00:20:54,566 --> 00:20:55,500 MILKSHAKES BECAUSE THEY GO 831 00:20:55,566 --> 00:20:56,033 DIRECTLY TO YOU. 832 00:20:56,100 --> 00:20:57,733 SO NOW IT'S GOING INTO SOMEBODY 833 00:20:57,800 --> 00:20:59,000 ELSE'S CAR THAT THEY COULD COUGH 834 00:20:59,066 --> 00:21:03,633 ON, SNEEZE ON. 835 00:21:03,700 --> 00:21:04,866 AS A BUSINESS, IF I KNEW THAT A 836 00:21:04,933 --> 00:21:05,900 SECOND PARTY WAS HANDLING YOUR 837 00:21:05,966 --> 00:21:06,566 FOOD, I WOULD PACKAGE YOUR 838 00:21:06,633 --> 00:21:07,566 PRODUCTS PROBABLY DIFFERENTLY 839 00:21:07,633 --> 00:21:08,400 THAN IF I KNEW IT WAS GOING 840 00:21:08,466 --> 00:21:08,733 RIGHT TO YOU. 841 00:21:08,800 --> 00:21:09,733 >> John: YEAH, OF COURSE YOU 842 00:21:09,800 --> 00:21:13,133 WOULD! 843 00:21:13,200 --> 00:21:14,533 AND I'M GLAD ABOUT THAT. 844 00:21:14,600 --> 00:21:15,533 BECAUSE I, FOR ONE, DO NOT WANT 845 00:21:15,600 --> 00:21:16,633 TO DRINK A MILKSHAKE THAT'S BEEN 846 00:21:16,700 --> 00:21:17,233 RAWDOGGING THE AIR IN KYLE'S 847 00:21:17,300 --> 00:21:19,300 VAPE-SMOKE-FILLED HONDA CIVIC! 848 00:21:19,366 --> 00:21:20,633 AND, THE THING IS, THIS PRACTICE 849 00:21:20,733 --> 00:21:22,300 HAS BEEN STANDARD IN THE 850 00:21:22,400 --> 00:21:23,200 INDUSTRY RIGHT FROM THE START. 851 00:21:23,266 --> 00:21:24,266 JUST LISTEN TO THE FOUNDER OF 852 00:21:24,333 --> 00:21:25,000 POSTMATES TALK ABOUT THE 853 00:21:25,066 --> 00:21:26,600 COMPANY'S EARLY DAYS. 854 00:21:26,666 --> 00:21:28,066 >> WHEN WE LAUNCHED POSTMATES 855 00:21:28,133 --> 00:21:29,400 THREE YEARS AGO, WE DID 856 00:21:29,466 --> 00:21:32,200 DELIVERIES FROM CHIPOTLE'S 857 00:21:32,266 --> 00:21:32,833 RESTAURANT, AND WE GOT A CEASE 858 00:21:32,900 --> 00:21:33,666 AND DESIST FROM THEM. 859 00:21:33,733 --> 00:21:34,133 AND THEY -- 860 00:21:34,200 --> 00:21:35,000 >> WHAT? 861 00:21:35,066 --> 00:21:36,033 >> WE GOT A CEASE AND DESIST 862 00:21:36,100 --> 00:21:37,233 FROM THEM. 863 00:21:37,300 --> 00:21:38,766 AND THEY SAID, LIKE, GUYS, WE 864 00:21:38,833 --> 00:21:39,833 DON'T REALLY -- WE'RE A LITTLE 865 00:21:39,900 --> 00:21:40,433 BIT CONCERNED ABOUT THE FOOD 866 00:21:40,500 --> 00:21:41,033 QUALITY. 867 00:21:41,100 --> 00:21:42,866 >> RIGHT. 868 00:21:42,933 --> 00:21:43,800 >> BUT YOU KNOW, WHAT DID WE 869 00:21:43,866 --> 00:21:45,666 HAVE TO LOSE? 870 00:21:45,733 --> 00:21:47,266 SO WE DECIDED TO IGNORE IT. 871 00:21:47,333 --> 00:21:51,700 >> John: OH, YOU DID, DID YOU? 872 00:21:51,766 --> 00:21:52,000 THAT'S FUN! 873 00:21:52,066 --> 00:21:54,000 IMAGINE GETTING LECTURED ON FOOD 874 00:21:54,100 --> 00:21:55,866 SAFETY BY CHIPOTLE -- THE 875 00:21:55,966 --> 00:21:56,633 BIGGEST RED FLAG IMAGINABLE -- 876 00:21:56,700 --> 00:22:00,200 AND BLOWING THAT OFF. 877 00:22:00,266 --> 00:22:01,433 ALSO, I DO WANT TO GO BACK SO 878 00:22:01,500 --> 00:22:02,700 YOU CAN SEE JIM CRAMER'S 879 00:22:02,766 --> 00:22:03,833 EXPRESSION THERE, BECAUSE THIS 880 00:22:03,900 --> 00:22:04,600 IS THE HAPPIEST I'VE EVER SEEN 881 00:22:04,666 --> 00:22:05,700 ANYONE LOOK. 882 00:22:05,766 --> 00:22:07,133 HE'S POSITIVELY GIDDY AT THIS 883 00:22:07,200 --> 00:22:09,300 STORY OF CORPORATE RECKLESSNESS. 884 00:22:09,366 --> 00:22:10,833 HE LOOKS LIKE A KID MEETING A 885 00:22:10,900 --> 00:22:16,133 DOG FOR THE FIRST TIME. 886 00:22:16,200 --> 00:22:17,300 NO ONE HAS EVER BEEN HAPPIER 887 00:22:17,366 --> 00:22:18,066 THAN THIS. 888 00:22:18,133 --> 00:22:19,333 AND IN THE CASE OF GRUBHUB, IT'S 889 00:22:19,400 --> 00:22:20,200 OCCASIONALLY ENGAGED IN TACTICS 890 00:22:20,266 --> 00:22:20,833 THAT SEEM MORE LIKE A PROTECTION 891 00:22:20,900 --> 00:22:22,033 RACKET. 892 00:22:22,100 --> 00:22:23,200 FOR INSTANCE, IN 2020, IT 893 00:22:23,266 --> 00:22:24,833 ALLEGEDLY LISTED RESTAURANTS 894 00:22:24,900 --> 00:22:26,533 THAT DIDN'T PARTNER WITH THEM AS 895 00:22:26,600 --> 00:22:28,266 CLOSED, OR NOT ACCEPTING ONLINE 896 00:22:28,366 --> 00:22:31,633 ORDERS, EVEN WHEN THEY WERE. 897 00:22:31,700 --> 00:22:34,833 WHICH FEELS ESPECIALLY SHITTY 898 00:22:34,900 --> 00:22:35,800 COMING FROM THE SAME COMPANY 899 00:22:35,866 --> 00:22:36,800 THAT MADE THAT AD SAYING THAT 900 00:22:36,866 --> 00:22:41,433 "TOGETHER WE CAN HELP SAVE THE 901 00:22:41,500 --> 00:22:42,933 RESTAURANTS WE LOVE." 902 00:22:43,000 --> 00:22:44,200 I GUESS GRUBHUB JUST FORGOT TO 903 00:22:44,266 --> 00:22:44,800 ADD, "AND BURN THE ONES THAT 904 00:22:44,866 --> 00:22:45,366 DON'T MAKE US MONEY TO THE 905 00:22:45,433 --> 00:22:46,433 FUCKING GROUND." 906 00:22:46,500 --> 00:22:47,433 IT'S NO WONDER RESTAURANT OWNERS 907 00:22:47,500 --> 00:22:50,200 HAVE INCREASINGLY TURNED ON 908 00:22:50,266 --> 00:22:51,433 THESE APPS, LIKENING THEM TO 909 00:22:51,500 --> 00:22:51,966 "A HOSTAGE SITUATION," AND 910 00:22:52,033 --> 00:22:52,633 "SELLING YOUR SOUL TO THE 911 00:22:52,700 --> 00:22:53,466 DEVIL." 912 00:22:53,533 --> 00:22:54,966 WHICH IS, IF ANYTHING, TOO KIND. 913 00:22:55,033 --> 00:22:55,733 AT LEAST WHEN YOU MAKE A DEAL 914 00:22:55,800 --> 00:22:56,866 WITH THE DEVIL HE OFFERS YOU 915 00:22:56,933 --> 00:22:58,100 SOMETHING COOL, LIKE A SICK 916 00:22:58,166 --> 00:22:59,300 GOLDEN FIDDLE IN RETURN. 917 00:22:59,366 --> 00:23:00,300 AND HE SURRENDERS, EVEN WHEN I 918 00:23:00,366 --> 00:23:02,033 THINK THERE'S A PRETTY GOOD CASE 919 00:23:02,133 --> 00:23:06,900 THAT HE'S THE BETTER FIDDLER. 920 00:23:06,966 --> 00:23:07,866 SURE -- JOHNNY "DOES" RESIN UP 921 00:23:07,933 --> 00:23:08,466 HIS BOW AND PLAY THAT FIDDLE 922 00:23:08,533 --> 00:23:09,833 HARD, BUT HE'S SAMPLING OLD FOLK 923 00:23:09,900 --> 00:23:10,500 SONGS -- THERE'S NOTHING 924 00:23:10,566 --> 00:23:11,300 ORIGINAL THERE. 925 00:23:11,366 --> 00:23:12,733 THE DEVIL, HOWEVER, IS PLAYING 926 00:23:12,800 --> 00:23:14,033 AN ORIGINAL, DISSONANT 927 00:23:14,100 --> 00:23:14,766 COMPOSITION, BACKED UP BY A BAND 928 00:23:14,833 --> 00:23:19,166 OF DEMONS -- HE'S BRINGING WAY 929 00:23:19,233 --> 00:23:20,633 MORE TO THE MUSICAL TABLE. 930 00:23:20,700 --> 00:23:22,200 NOW, WE DON'T HAVE TIME FOR ME 931 00:23:22,266 --> 00:23:23,066 TO PLAY BOTH SIDES AND FULLY 932 00:23:23,133 --> 00:23:23,700 CONVINCE YOU, BUT GO LISTEN TO 933 00:23:23,766 --> 00:23:24,400 THAT SONG AGAIN AND TELL ME 934 00:23:24,466 --> 00:23:25,533 YOU'RE NOT HAVING WAY MORE FUN 935 00:23:25,600 --> 00:23:28,500 LISTENING TO THE DEVIL. 936 00:23:28,566 --> 00:23:28,766 [LAUGHTER] 937 00:23:28,833 --> 00:23:32,666 HAPPY EASTER, BY THE WAY. 938 00:23:32,733 --> 00:23:32,933 [APPLAUSE] 939 00:23:33,000 --> 00:23:33,966 BUT IT'S NOT JUST THE 940 00:23:34,066 --> 00:23:34,766 RESTAURANTS THAT THESE APPS CAN 941 00:23:34,866 --> 00:23:35,466 HARM. 942 00:23:35,566 --> 00:23:37,233 IT'S ALSO THE DELIVERY WORKERS. 943 00:23:37,300 --> 00:23:38,833 IN MOST PLACES, DELIVERING FOR 944 00:23:38,900 --> 00:23:39,633 THESE COMPANIES IS GIG WORK -- 945 00:23:39,700 --> 00:23:40,633 YOU SET YOUR OWN HOURS, AND 946 00:23:40,700 --> 00:23:41,466 DRIVE AS MUCH OR AS LITTLE AS 947 00:23:41,533 --> 00:23:42,866 YOU CHOOSE. 948 00:23:42,933 --> 00:23:44,033 AND COMPANIES HAVE SOLD THIS AS 949 00:23:44,100 --> 00:23:45,100 A GREAT THING. 950 00:23:45,166 --> 00:23:46,833 GRUBHUB RUNS RECRUITING SPOTS 951 00:23:46,900 --> 00:23:51,300 SHOWING HAPPY PEOPLE BALANCING 952 00:23:51,366 --> 00:23:52,500 CHILDCARE, CAREERS AS ARTISTS, 953 00:23:52,566 --> 00:23:53,066 WITH WORKING PART-TIME DOING 954 00:23:53,133 --> 00:23:53,833 DELIVERIES. 955 00:23:53,900 --> 00:23:55,133 AND OTHER COMPANIES MAKE SIMILAR 956 00:23:55,200 --> 00:23:56,366 CLAIMS, SOMETIMES IN WILDLY OVER 957 00:23:56,433 --> 00:23:57,433 THE TOP WAYS, LIKE THE HEAD OF 958 00:23:57,500 --> 00:23:59,600 DOORDASH HERE. 959 00:23:59,666 --> 00:24:01,033 >> I THINK, IN MANY WAYS, 960 00:24:01,100 --> 00:24:03,633 DASHERS ON DOORDASH LOOK VERY 961 00:24:03,700 --> 00:24:04,833 SIMILAR TO CONSUMERS, IN THE 962 00:24:04,900 --> 00:24:06,233 SENSE THAT THEY VALUE THEIR TIME 963 00:24:06,300 --> 00:24:07,600 AS MUCH OR SOMETIMES MORE THAN 964 00:24:07,700 --> 00:24:13,666 MONEY. 965 00:24:13,733 --> 00:24:15,200 AND THEY, IN EFFECT, ARE 966 00:24:15,266 --> 00:24:16,566 CHOOSING, YOU KNOW, SOME OF 967 00:24:16,633 --> 00:24:17,933 THESE PART-TIME GIG 968 00:24:18,000 --> 00:24:19,733 OPPORTUNITIES SO THAT THEY CAN 969 00:24:19,800 --> 00:24:20,833 SAVE FOR A PROJECT, WHATEVER 970 00:24:20,900 --> 00:24:22,700 THAT MAY BE, WHETHER THAT'S, YOU 971 00:24:22,766 --> 00:24:23,866 KNOW, BUYING A GIFT FOR SOMEONE 972 00:24:23,933 --> 00:24:30,933 OR STARTING AN ORPHANAGE. 973 00:24:32,133 --> 00:24:34,800 [LAUGHTER] 974 00:24:34,866 --> 00:24:35,400 >> John: WHAT DID HE JUST SAY? 975 00:24:35,466 --> 00:24:37,166 "STARTING AN ORPHANAGE?" 976 00:24:37,233 --> 00:24:38,866 WHAT THE FUCK ARE YOU TALKING 977 00:24:38,933 --> 00:24:39,066 ABOUT? 978 00:24:39,133 --> 00:24:40,166 ORPHANAGES AREN'T GENERALLY SIDE 979 00:24:40,266 --> 00:24:41,866 HUSTLES. 980 00:24:41,966 --> 00:24:43,266 YOU DON'T TEND TO SEE "RACHEL'S 981 00:24:43,333 --> 00:24:47,900 SHELTER FOR LOOSE BABIES." 982 00:24:47,966 --> 00:24:48,600 BUT I GUESS, IF YOU'RE A TECH 983 00:24:48,666 --> 00:24:50,633 BRO, YOU'VE GOT IT ALL PLANNED 984 00:24:50,700 --> 00:24:50,800 OUT. 985 00:24:50,866 --> 00:24:51,466 FIRST YOU GET A BUNCH OF VENTURE 986 00:24:51,533 --> 00:24:52,366 CAPITAL TO "DISRUPT THE 987 00:24:52,433 --> 00:24:53,166 ORPHANAGE SPACE." 988 00:24:53,233 --> 00:24:54,633 THEN YOU CORNER THE ORPHANAGE 989 00:24:54,700 --> 00:24:55,266 MARKET, AUTOMATE IT WITH ROBOT 990 00:24:55,333 --> 00:24:56,233 WORKERS TO TAKE CARE OF THE 991 00:24:56,300 --> 00:24:58,000 KIDS, CREATE A RATING SYSTEM FOR 992 00:24:58,066 --> 00:24:59,366 POTENTIAL ADOPTIVE PARENTS TO 993 00:24:59,433 --> 00:25:02,433 RATE THE BABIES' VIBE, FIRE 994 00:25:02,500 --> 00:25:04,166 BABIES WHO FAIL SAID VIBE 995 00:25:04,233 --> 00:25:05,066 CHECK -- ZERO SEVERANCE, 996 00:25:05,133 --> 00:25:06,233 OBVIOUSLY -- MAKE WILD CLAIMS 997 00:25:06,300 --> 00:25:07,633 ABOUT FUTURE PROFITABILITY. 998 00:25:07,700 --> 00:25:08,233 AND BEFORE YOU KNOW IT: BOOM, 999 00:25:08,300 --> 00:25:08,766 IT'S IPO TIME. 1000 00:25:08,833 --> 00:25:10,233 INNOVATIVE. 1001 00:25:10,300 --> 00:25:11,233 PROFITABLE. 1002 00:25:11,300 --> 00:25:13,866 ORPHANAGES. 1003 00:25:13,933 --> 00:25:15,266 BUT, THE TRUTH IS, FOR MANY OF 1004 00:25:15,366 --> 00:25:16,066 THOSE ENGAGED IN GIG WORK, IT'S 1005 00:25:16,166 --> 00:25:16,600 NOT A SIDE JOB. 1006 00:25:16,666 --> 00:25:17,666 IT'S THEIR MAIN SOURCE OF 1007 00:25:17,733 --> 00:25:24,200 INCOME. 1008 00:25:24,266 --> 00:25:25,833 AND THAT CAN BE A REAL PROBLEM 1009 00:25:25,900 --> 00:25:26,900 WHEN YOU CONSIDER THAT DELIVERY 1010 00:25:26,966 --> 00:25:27,500 APPS CLASSIFY THEIR WORKERS AS 1011 00:25:27,566 --> 00:25:28,000 INDEPENDENT CONTRACTORS. 1012 00:25:28,066 --> 00:25:28,600 MEANING, THEY HAVE TO PAY FOR 1013 00:25:28,666 --> 00:25:29,733 ALL THEIR OWN EXPENSES. 1014 00:25:29,800 --> 00:25:30,766 AND, AS THIS GUY IN NEW YORK 1015 00:25:30,833 --> 00:25:32,766 EXPLAINS, THAT CAN BE A LOT. 1016 00:25:32,833 --> 00:25:34,566 >> THE BIKE ITSELF COSTS BETWEEN 1017 00:25:34,633 --> 00:25:35,966 $1,800 AND $1,900, NEW. 1018 00:25:36,033 --> 00:25:37,166 I UPGRADED IT IN MANY WAYS, FOR 1019 00:25:37,233 --> 00:25:39,033 EXAMPLE, THE SEAT, THE PHONE 1020 00:25:39,100 --> 00:25:41,866 HOLDER, SO I CAN HAVE IT OVER 1021 00:25:41,933 --> 00:25:43,100 HERE. 1022 00:25:43,166 --> 00:25:44,166 THIS BATTERY COST ME ALMOST 1023 00:25:44,233 --> 00:25:46,033 $450. 1024 00:25:46,100 --> 00:25:46,600 SO THE TOTAL WOULD BE UP TO 1025 00:25:46,666 --> 00:25:47,266 $2,500, BECAUSE IF ONLY THE BIKE 1026 00:25:47,333 --> 00:25:48,400 COSTS $1,800, PLUS THE BATTERY, 1027 00:25:48,500 --> 00:25:51,866 THAT'S $2,200. 1028 00:25:51,933 --> 00:25:52,500 AND I HAD TO BUY THE BACKPACK, 1029 00:25:52,566 --> 00:25:53,166 BECAUSE THE COMPANIES DON'T GIVE 1030 00:25:53,233 --> 00:25:53,966 YOU ONE. 1031 00:25:54,033 --> 00:25:55,900 AND A HELMET, BECAUSE THEY DON'T 1032 00:25:55,966 --> 00:25:57,933 GIVE YOU ONE, EITHER. 1033 00:25:58,000 --> 00:25:59,366 >> John: LOOK, THAT'S ALL 1034 00:25:59,433 --> 00:26:00,633 RIDICULOUS, BUT THE BACKPACK 1035 00:26:00,700 --> 00:26:01,866 MIGHT BE THE MOST EGREGIOUS PART 1036 00:26:01,933 --> 00:26:02,433 THERE. 1037 00:26:02,500 --> 00:26:03,666 THIS IS A BACKPACK YOU CAN'T USE 1038 00:26:03,733 --> 00:26:04,800 FOR ANYTHING ELSE. 1039 00:26:04,866 --> 00:26:06,866 IMAGINE USING IT FOR SCHOOL. 1040 00:26:06,933 --> 00:26:08,333 UNLESS YOU'RE A SECOND GRADER 1041 00:26:08,400 --> 00:26:13,633 WHO SHOWS UP EVERY DAY WITH A 1042 00:26:13,700 --> 00:26:14,900 SOCIAL STUDIES BOOK, A PB&J, 1043 00:26:14,966 --> 00:26:15,866 AND 13 ORDERS OF PAD KEE MAO, IT 1044 00:26:15,933 --> 00:26:16,733 DOESN'T REALLY WORK. 1045 00:26:16,800 --> 00:26:18,733 BUT THE EXPENSES ARE JUST THE 1046 00:26:18,800 --> 00:26:19,800 BEGINNING HERE. 1047 00:26:19,866 --> 00:26:20,666 WORKERS ARE ALSO AT THE MERCY OF 1048 00:26:20,733 --> 00:26:21,600 THE APPS' OPAQUE ALGORITHMS, 1049 00:26:21,700 --> 00:26:23,766 WHICH ARE USED TO DICTATE SPEED, 1050 00:26:23,833 --> 00:26:24,666 BEHAVIOR, AND ULTIMATELY THE 1051 00:26:24,733 --> 00:26:27,166 WAGES OF WORKERS. 1052 00:26:27,233 --> 00:26:27,733 MANY APPS SET UP A GAMELIKE 1053 00:26:27,800 --> 00:26:28,400 SYSTEM OF REWARDS AND PENALTIES, 1054 00:26:28,466 --> 00:26:29,233 OFFERING HIGH SCORES FOR BEING 1055 00:26:29,300 --> 00:26:30,700 ON TIME, AND LOW SCORES AND 1056 00:26:30,766 --> 00:26:32,433 FEWER ORDERS FOR TARDINESS. 1057 00:26:32,500 --> 00:26:33,866 AND, OF COURSE, A SIGNIFICANT 1058 00:26:33,933 --> 00:26:35,166 PART OF THAT SYSTEM IS NEGATIVE 1059 00:26:35,233 --> 00:26:37,000 REVIEWS. 1060 00:26:37,066 --> 00:26:39,000 YOU MIGHT THINK A BAD REVIEW IS 1061 00:26:39,066 --> 00:26:40,233 GOING TO A RESTAURANT OR THE APP 1062 00:26:40,300 --> 00:26:41,866 ITSELF, BUT ALL WORKERS KNOW: 1063 00:26:41,933 --> 00:26:43,400 GETTING ONE CAN SEVERELY 1064 00:26:43,466 --> 00:26:44,100 RESTRICT YOUR OPTIONS GOING 1065 00:26:44,166 --> 00:26:45,100 FORWARD. 1066 00:26:45,166 --> 00:26:46,800 IN FACT, JUST A FEW NEGATIVE 1067 00:26:46,866 --> 00:26:47,433 RESPONSES HAVE THE POWER TO DRY 1068 00:26:47,500 --> 00:26:48,566 UP WORKER INCOME OR EVEN GET 1069 00:26:48,633 --> 00:26:49,833 THEM BOOTED OFF THE PLATFORM 1070 00:26:49,900 --> 00:26:51,733 ALTOGETHER. 1071 00:26:51,800 --> 00:26:52,866 AND THOSE WHO'VE STUDIED THIS 1072 00:26:52,933 --> 00:26:58,666 WILL TELL YOU -- THAT DYNAMIC IS 1073 00:26:58,733 --> 00:26:59,500 A SIGNIFICANT PROBLEM. 1074 00:26:59,566 --> 00:27:01,233 >> MUCH OF REPUTATION SYSTEMS 1075 00:27:01,300 --> 00:27:02,566 WERE PUT IN PLACE IN ORDER TO 1076 00:27:02,633 --> 00:27:03,366 GIVE CONSUMERS REVIEWS OF 1077 00:27:03,433 --> 00:27:10,433 PRODUCTS. 1078 00:27:10,700 --> 00:27:11,366 THAT DOESN'T TRANSFER WELL 1079 00:27:11,433 --> 00:27:12,966 TO WORKERS DETERMINING WHETHER 1080 00:27:13,033 --> 00:27:13,900 WE GOT A GOOD COFFEE. 1081 00:27:13,966 --> 00:27:15,133 THAT PLACE WHERE THERE'S 1082 00:27:15,200 --> 00:27:19,033 SLIPPAGE BETWEEN A PRODUCT AND A 1083 00:27:19,100 --> 00:27:21,166 PERSON'S LABOR IS DANGEROUS. 1084 00:27:21,233 --> 00:27:23,066 >> WE'LL REPLACE THE TYRANNY OF 1085 00:27:23,133 --> 00:27:25,000 THE BOSS WITH TYRANNY OF AN 1086 00:27:25,066 --> 00:27:26,300 ALGORITHM, AND THAT IS MUCH 1087 00:27:26,366 --> 00:27:28,266 WORSE, I WILL TELL YOU. 1088 00:27:28,366 --> 00:27:29,366 AS A COMPUTER SCIENTIST, I WILL 1089 00:27:29,466 --> 00:27:33,366 TELL YOU THAT THAT'S MUCH WORSE. 1090 00:27:33,433 --> 00:27:34,000 >> John: RIGHT. 1091 00:27:34,066 --> 00:27:35,133 THAT'S A TERRIBLE SYSTEM. 1092 00:27:35,200 --> 00:27:36,466 WORKERS HAVE EVEN CALLED THE 1093 00:27:36,533 --> 00:27:38,033 ALGORITHM THE "PATRON FANTASMA," 1094 00:27:38,100 --> 00:27:39,200 OR "PHANTOM BOSS," WHICH SOUNDS 1095 00:27:39,266 --> 00:27:39,866 LIKE A REALITY SHOW ON MAX THAT 1096 00:27:39,933 --> 00:27:44,533 SOMEHOW ALREADY HAS 12 SEASONS. 1097 00:27:44,600 --> 00:27:44,800 [LAUGHTER] 1098 00:27:44,866 --> 00:27:46,400 AND THIS DOWNWARD PRESSURE IS A 1099 00:27:46,466 --> 00:27:47,233 BIG PART OF WHY YOU MIGHT SEE 1100 00:27:47,300 --> 00:27:48,466 DELIVERY WORKERS SPEEDING, OR 1101 00:27:48,533 --> 00:27:50,266 GOING THE WRONG WAY DOWN A 1102 00:27:50,333 --> 00:27:51,300 STREET ON THEIR BIKE -- THE 1103 00:27:51,366 --> 00:27:52,733 CLEAR INCENTIVE IS TO MAKE AS 1104 00:27:52,800 --> 00:27:54,400 MANY ORDERS AS YOU CAN, AS 1105 00:27:54,466 --> 00:27:55,900 QUICKLY AS YOU CAN, EVEN IF THAT 1106 00:27:55,966 --> 00:27:58,900 MEANS COMPROMISING SAFETY. 1107 00:27:58,966 --> 00:28:00,433 AND\, SPEAKING OF SAFETY -- 1108 00:28:00,533 --> 00:28:02,300 THESE JOBS CAN BE RISKY. 1109 00:28:02,400 --> 00:28:03,233 IN CITIES LIKE NEW YORK, 1110 00:28:03,300 --> 00:28:07,200 DELIVERY WORKERS ARE CONSTANTLY 1111 00:28:07,266 --> 00:28:08,133 DODGING TRAFFIC, AND HAVE BEEN 1112 00:28:08,200 --> 00:28:08,900 ROBBED AND ATTACKED. 1113 00:28:08,966 --> 00:28:10,333 THAT'S EVEN BEFORE PEOPLE ASK 1114 00:28:10,400 --> 00:28:11,433 THEM TO BRING THEM FOOD THROUGH 1115 00:28:11,500 --> 00:28:12,633 EXTREME WEATHER, LIKE BLIZZARDS 1116 00:28:12,700 --> 00:28:14,100 AND EVEN FLOODS. 1117 00:28:14,166 --> 00:28:17,833 AND, BY THE WAY, DON'T DO THAT. 1118 00:28:17,900 --> 00:28:19,500 IF YOU SEE A FLASH FLOOD 1119 00:28:19,566 --> 00:28:20,333 WARNING POP UP ON YOUR PHONE 1120 00:28:20,400 --> 00:28:21,766 AND IMMEDIATELY OPEN GRUBHUB -- 1121 00:28:21,833 --> 00:28:22,366 SORRY, YOU DON'T GET TO GO TO 1122 00:28:22,433 --> 00:28:24,366 HEAVEN. 1123 00:28:24,433 --> 00:28:26,900 THAT WAS THE TEST, AND YOU 1124 00:28:26,966 --> 00:28:29,500 FAILED IT. 1125 00:28:29,566 --> 00:28:29,766 [APPLAUSE] 1126 00:28:29,833 --> 00:28:31,066 IT'S FRANKLY NO WONDER THAT 1127 00:28:31,133 --> 00:28:32,000 DELIVERY DRIVING IS AMONG THE 1128 00:28:32,066 --> 00:28:32,566 DEADLIEST OCCUPATIONS IN THE 1129 00:28:32,633 --> 00:28:33,666 COUNTRY. 1130 00:28:33,733 --> 00:28:34,666 AND, BECAUSE THESE WORKERS ARE 1131 00:28:34,766 --> 00:28:35,400 INDEPENDENT CONTRACTORS, APPS 1132 00:28:35,500 --> 00:28:36,400 DON'T HAVE TO PAY FOR THEIR 1133 00:28:36,466 --> 00:28:38,333 HEALTH INSURANCE. 1134 00:28:38,400 --> 00:28:39,200 IN FACT, ONE SURVEY FOUND THAT, 1135 00:28:39,266 --> 00:28:40,966 OF THOSE WHO'D EXPERIENCED A 1136 00:28:41,033 --> 00:28:42,300 WORK-RELATED INJURY, THREE OUT 1137 00:28:42,366 --> 00:28:44,166 OF FOUR DELIVERY WORKERS SAID 1138 00:28:44,233 --> 00:28:45,033 THEY'D PAID FOR MEDICAL CARE OUT 1139 00:28:45,100 --> 00:28:47,333 OF THEIR OWN POCKET. 1140 00:28:47,400 --> 00:28:48,733 ALL OF WHICH CAN LEAD TO THINGS 1141 00:28:48,800 --> 00:28:52,066 LIKE THIS SUPPOSEDLY 1142 00:28:52,133 --> 00:28:52,633 HEARTWARMING HUMAN INTEREST 1143 00:28:52,700 --> 00:28:53,700 STORY FROM JANUARY, ABOUT A 1144 00:28:53,766 --> 00:28:55,100 VIDEO THAT HAD GONE VIRAL. 1145 00:28:55,166 --> 00:28:55,966 >> BRO, WHAT ARE YOU DOING? 1146 00:28:56,033 --> 00:28:56,800 ARE YOU SERIOUS? 1147 00:28:56,866 --> 00:28:59,066 >> I'VE GOT BILLS TO PAY, BRO. 1148 00:28:59,133 --> 00:28:59,566 >> I RESPECT THAT, DUDE. 1149 00:28:59,633 --> 00:29:00,633 THAT'S CRAZY. 1150 00:29:00,700 --> 00:29:04,333 >> THIS IS HOW KEVIN ROSS HAS 1151 00:29:04,400 --> 00:29:05,233 BEEN MAKING A LIVING: DELIVERING 1152 00:29:05,300 --> 00:29:05,833 FOOD ON A BIKE WITH A BROKEN 1153 00:29:05,900 --> 00:29:07,033 FOOT. 1154 00:29:07,133 --> 00:29:08,766 WATCH AS HE STRAPS A WALKER ONTO 1155 00:29:08,866 --> 00:29:10,466 THE BIKE SO HE HAS SUPPORT WHEN 1156 00:29:10,533 --> 00:29:13,300 HE GOES INSIDE RESTAURANTS. 1157 00:29:13,366 --> 00:29:14,333 BACK IN SEPTEMBER, KEVIN SAYS 1158 00:29:14,400 --> 00:29:18,200 HE WAS MAKING A DELIVERY FOR 1159 00:29:18,266 --> 00:29:19,433 GRUBHUB WHEN HE WAS HIT BY A 1160 00:29:19,500 --> 00:29:19,766 CAR. 1161 00:29:19,833 --> 00:29:20,566 >> I GOT HIT, I BLACKED OUT. 1162 00:29:20,633 --> 00:29:21,733 NEXT THING I KNOW, I'M IN THE 1163 00:29:21,800 --> 00:29:22,533 HOSPITAL. 1164 00:29:22,600 --> 00:29:23,266 >> HE NEEDED SURGERY, AND 1165 00:29:23,333 --> 00:29:24,633 DOCTORS TOLD HIM RECOVERY WOULD 1166 00:29:24,700 --> 00:29:26,066 TAKE MONTHS. 1167 00:29:26,133 --> 00:29:27,466 BUT, WITH HARDLY ANY SAVINGS, HE 1168 00:29:27,533 --> 00:29:28,100 HAD NO CHOICE BUT TO GET BACK TO 1169 00:29:28,166 --> 00:29:30,966 WORK. 1170 00:29:31,033 --> 00:29:33,133 >> John: WELL, HOLD ON, "NO 1171 00:29:33,200 --> 00:29:34,033 CHOICE?" 1172 00:29:34,100 --> 00:29:34,666 WHAT DO YOU MEAN? 1173 00:29:34,733 --> 00:29:35,400 GRUBHUB SAYS THEY'RE ALL ABOUT 1174 00:29:35,466 --> 00:29:36,300 GIVING THEIR DELIVERY WORKERS 1175 00:29:36,366 --> 00:29:37,366 CHOICE! 1176 00:29:37,433 --> 00:29:38,433 THEY GET TO CHOOSE THEIR OWN 1177 00:29:38,500 --> 00:29:39,200 HOURS, CHOOSE TO RUN A RED LIGHT 1178 00:29:39,266 --> 00:29:40,600 RATHER THAN BE PUNISHED BY THE 1179 00:29:40,700 --> 00:29:41,200 ALGORITHM, AND THEY GET TO 1180 00:29:41,266 --> 00:29:41,933 CHOOSE TO GET BACK TO WORK WHILE 1181 00:29:42,033 --> 00:29:43,300 SEVERELY INJURED INSTEAD OF 1182 00:29:43,366 --> 00:29:43,933 FACING CRUSHING MEDICAL BILLS. 1183 00:29:44,000 --> 00:29:45,100 THEY'VE GOT MORE CHOICES THAN 1184 00:29:45,166 --> 00:29:45,833 SOPHIE! 1185 00:29:45,900 --> 00:29:49,400 HAVEN'T SEEN THE MOVIE. 1186 00:29:49,466 --> 00:29:49,666 [LAUGHTER] 1187 00:29:49,733 --> 00:29:50,933 SO WORKERS ARE VULNERABLE 1188 00:29:51,000 --> 00:29:52,366 BECAUSE THEY LACK LABOR 1189 00:29:52,433 --> 00:29:53,633 PROTECTIONS AND HEALTH INSURANCE 1190 00:29:53,700 --> 00:29:55,300 AND ALL OF THIS RISK IS IN 1191 00:29:55,366 --> 00:29:56,400 SERVICE OF A JOB WHERE, LIKE 1192 00:29:56,466 --> 00:29:58,666 UNFORTUNATELY MOST SERVICE JOBS, 1193 00:29:58,733 --> 00:29:59,400 MOST OF THEIR INCOME COMES IN 1194 00:29:59,466 --> 00:30:00,833 THE FORM OF TIPS, WHICH CAN MAKE 1195 00:30:00,900 --> 00:30:01,866 UP A THIRD TO HALF OF THEIR 1196 00:30:01,933 --> 00:30:03,433 TOTAL EARNINGS. 1197 00:30:03,500 --> 00:30:04,466 BUT, THE THING IS, THOSE TIPS 1198 00:30:04,533 --> 00:30:08,200 OBVIOUSLY AREN'T GUARANTEED. 1199 00:30:08,266 --> 00:30:10,500 "THE VERGE" INTERVIEWED A 1200 00:30:10,566 --> 00:30:11,066 DELIVERY WORKER WHO REPORTED 1201 00:30:11,133 --> 00:30:11,700 BIKING FROM 77TH STREET ON THE 1202 00:30:11,766 --> 00:30:13,233 UPPER EAST SIDE, 18 BLOCKS SOUTH 1203 00:30:13,300 --> 00:30:14,400 AND OVER THE QUEENSBORO BRIDGE, 1204 00:30:14,500 --> 00:30:16,133 THEN UP THROUGH LONG ISLAND CITY 1205 00:30:16,233 --> 00:30:16,700 AND OVER ANOTHER BRIDGE TO 1206 00:30:16,766 --> 00:30:18,466 ROOSEVELT ISLAND, ALL TO DELIVER 1207 00:30:18,533 --> 00:30:20,166 A SINGLE SLICE OF CAKE -- FOR NO 1208 00:30:20,233 --> 00:30:23,733 TIP AT ALL. 1209 00:30:23,800 --> 00:30:24,533 [AUDIENCE REACTS] 1210 00:30:24,600 --> 00:30:26,266 AND LOOK, I GET THAT, IF YOU'RE 1211 00:30:26,333 --> 00:30:26,866 ORDERING DELIVERY ON A SINGLE 1212 00:30:26,933 --> 00:30:28,033 SLICE OF CAKE, YOU'RE CLEARLY 1213 00:30:28,100 --> 00:30:30,466 GOING THROUGH SOMETHING. 1214 00:30:30,533 --> 00:30:34,466 BEACUSE THAT'S THE SINGLE 1215 00:30:34,533 --> 00:30:35,400 SADDEST ORDER ANY HUMAN BEING 1216 00:30:35,466 --> 00:30:37,500 COULD MAKE. 1217 00:30:37,566 --> 00:30:38,800 BUT YOU'VE GOT TO FUCKING TIP. 1218 00:30:38,866 --> 00:30:39,566 AND AT THIS POINT, YOU'RE 1219 00:30:39,633 --> 00:30:40,400 PROBABLY THINKING, "WOW, THESE 1220 00:30:40,466 --> 00:30:40,866 COMPANIES ARE DRIVING 1221 00:30:40,933 --> 00:30:41,500 RESTAURANTS AND DELIVERY WORKERS 1222 00:30:41,566 --> 00:30:43,166 TO RUIN, JUST TO MAKE MASSIVE 1223 00:30:43,233 --> 00:30:43,433 PROFITS." 1224 00:30:43,500 --> 00:30:44,600 SO YOU MIGHT BE SURPRISED TO 1225 00:30:44,666 --> 00:30:45,800 HEAR THIS: 1226 00:30:45,866 --> 00:30:46,833 >> WE SHOULD START BY 1227 00:30:46,933 --> 00:30:47,466 ACKNOWLEDGING THAT, TODAY, UBER 1228 00:30:47,566 --> 00:30:49,000 EATS DOES NOT MAKE MONEY. 1229 00:30:49,100 --> 00:30:51,266 >> JANELLE SALLENAVE IS HEAD OF 1230 00:30:51,333 --> 00:30:51,533 UBER EATS. 1231 00:30:51,600 --> 00:30:52,566 >> WE'VE BEEN VERY PUBLIC ABOUT 1232 00:30:52,633 --> 00:30:53,100 THE FACT THAT IT'S NOT YET 1233 00:30:53,166 --> 00:30:54,500 PROFITABLE. 1234 00:30:54,566 --> 00:30:56,433 >> AND NEITHER ARE HER 1235 00:30:56,500 --> 00:30:56,733 COMPETITORS. 1236 00:30:56,800 --> 00:30:59,100 >> THE PLATFORMS THEMSELVES LOSE 1237 00:30:59,166 --> 00:31:00,133 A TON OF MONEY, IN THE HUNDREDS 1238 00:31:00,200 --> 00:31:01,966 OF MILLIONS OF DOLLARS, BILLIONS 1239 00:31:02,033 --> 00:31:02,666 COLLECTIVELY. 1240 00:31:02,733 --> 00:31:03,600 >> WHY DOES THIS BUSINESS EVEN 1241 00:31:03,666 --> 00:31:04,933 MAKE SENSE? 1242 00:31:05,000 --> 00:31:06,166 >> I'M NOT SURE IT DOES. 1243 00:31:06,233 --> 00:31:07,600 AND I THINK THEY'RE STILL TRYING 1244 00:31:07,666 --> 00:31:09,300 TO FIGURE OUT HOW TO MAKE MONEY 1245 00:31:09,366 --> 00:31:10,666 AT THIS, EVEN TODAY. 1246 00:31:10,733 --> 00:31:11,400 >> John: WOW, "THEY'RE STILL 1247 00:31:11,466 --> 00:31:12,300 TRYING TO FIGURE OUT HOW TO MAKE 1248 00:31:12,366 --> 00:31:13,733 MONEY AT THIS?" 1249 00:31:13,800 --> 00:31:15,800 THESE ARE COMPANIES VALUED AT 1250 00:31:15,866 --> 00:31:16,400 BILLIONS OF DOLLARS, AND YET, 1251 00:31:16,466 --> 00:31:17,166 THEY'RE BEING TALKED ABOUT THE 1252 00:31:17,233 --> 00:31:18,066 SAME WAY YOU TALK ABOUT YOUR 1253 00:31:18,133 --> 00:31:19,466 COUSIN WHO SELLS JEWELRY ON 1254 00:31:19,533 --> 00:31:21,966 ETSY. 1255 00:31:22,066 --> 00:31:22,266 [LAUGHTER] 1256 00:31:22,333 --> 00:31:23,566 AND WHILE THAT MIGHT SOUND 1257 00:31:23,633 --> 00:31:24,666 COUNTERINTUITIVE, IT ACTUALLY 1258 00:31:24,733 --> 00:31:25,966 MAKES PERFECT SENSE. 1259 00:31:26,033 --> 00:31:27,266 BECAUSE THE OLD, 1260 00:31:27,333 --> 00:31:29,966 MENUS-IN-A-DRAWER FORM OF 1261 00:31:30,033 --> 00:31:31,066 DELIVERY SET CERTAIN FIRM 1262 00:31:31,133 --> 00:31:31,800 LIMITS. 1263 00:31:31,866 --> 00:31:32,500 IT INVOLVED ONE RESTAURANT, 1264 00:31:32,566 --> 00:31:33,766 DIRECTLY HIRING A DELIVERY 1265 00:31:33,833 --> 00:31:34,866 WORKER, WHO THEN DELIVERED FOOD 1266 00:31:34,933 --> 00:31:35,800 TO A LIMITED AREA. 1267 00:31:35,866 --> 00:31:36,933 BUT THESE APPS INTRODUCE WHOLE 1268 00:31:37,000 --> 00:31:38,500 NEW CATEGORIES OF COSTS TO THE 1269 00:31:38,566 --> 00:31:39,700 EQUATION -- FROM MARKETING, TO 1270 00:31:39,766 --> 00:31:40,900 LOBBYING, TO BUILDING AND 1271 00:31:40,966 --> 00:31:42,800 MAINTAINING A WHOLE WEBSITE. 1272 00:31:42,866 --> 00:31:44,433 AND THEY'RE BASICALLY FOLLOWING 1273 00:31:44,500 --> 00:31:45,966 THE CLASSIC TECH "DISRUPTOR" 1274 00:31:46,033 --> 00:31:47,333 MODEL OF USING WALL STREET MONEY 1275 00:31:47,400 --> 00:31:48,766 TO GROW AT ALL COSTS, CORNER A 1276 00:31:48,833 --> 00:31:50,800 MARKET, UNDERCUT THEIR 1277 00:31:50,866 --> 00:31:51,966 COMPETITORS, AND THEN BUY THEM 1278 00:31:52,033 --> 00:31:53,000 UP -- ALL WITH THE ULTIMATE GOAL 1279 00:31:53,066 --> 00:31:55,066 OF MONOPOLIZING THE SECTOR AND 1280 00:31:55,166 --> 00:31:56,900 THEN MASSIVELY RAISING PRICES. 1281 00:31:56,966 --> 00:31:58,300 THINK ABOUT HOW UBER AND LYFT 1282 00:31:58,366 --> 00:31:59,900 USED TO BE MUCH CHEAPER THAN 1283 00:31:59,966 --> 00:32:01,000 TRADITIONAL TAXIS, AND THEN, 1284 00:32:01,066 --> 00:32:03,566 ONCE THEY'D DISMANTLED THAT 1285 00:32:03,633 --> 00:32:04,200 MODEL, THEY JACKED THEIR PRICES 1286 00:32:04,266 --> 00:32:05,133 WAY UP. 1287 00:32:05,200 --> 00:32:06,533 WE'RE JUST AT THE POINT IN THE 1288 00:32:06,600 --> 00:32:08,600 CYCLE WHERE COMPANIES CAN LOSE A 1289 00:32:08,666 --> 00:32:09,800 TON OF MONEY, KEEP PRICES LOW 1290 00:32:09,866 --> 00:32:10,566 FOR CONSUMERS, EVEN AS THEY TRY 1291 00:32:10,633 --> 00:32:11,566 AND OFFSET THAT BY SQUEEZING 1292 00:32:11,633 --> 00:32:12,633 RESTAURANTS AND DELIVERY WORKERS 1293 00:32:12,700 --> 00:32:15,566 AT THE BOTTOM. 1294 00:32:15,633 --> 00:32:17,800 BUT THE CONSOLIDATION ERA HAS 1295 00:32:17,866 --> 00:32:18,966 VERY MUCH BEGUN -- UBER EATS 1296 00:32:19,033 --> 00:32:19,833 BOUGHT POSTMATES. 1297 00:32:19,900 --> 00:32:20,766 DOORDASH BOUGHT CAVIAR. 1298 00:32:20,833 --> 00:32:23,033 AND GRUBHUB MERGED WITH 1299 00:32:23,100 --> 00:32:24,800 SEAMLESS. 1300 00:32:24,866 --> 00:32:26,166 IN FACT, GRUBHUB AND DOORDASH 1301 00:32:26,233 --> 00:32:27,100 ALONE COMPRISE MORE THAN 20 1302 00:32:27,200 --> 00:32:28,300 COMPANIES THAT ONCE COMPETED 1303 00:32:28,400 --> 00:32:29,133 WITH ONE ANOTHER. 1304 00:32:29,233 --> 00:32:32,533 AND SOME OF THESE COMPANIES WILL 1305 00:32:32,600 --> 00:32:34,266 TELL YOU THAT THEY'RE NOW EITHER 1306 00:32:34,333 --> 00:32:36,300 BREAKING EVEN, OR TURNING A 1307 00:32:36,366 --> 00:32:37,833 SLIGHT PROFIT, THOUGH SOME OF 1308 00:32:37,900 --> 00:32:41,233 THOSE CLAIMS HAVE SIGNIFICANT 1309 00:32:41,300 --> 00:32:42,766 CAVEATS TO THEM. 1310 00:32:42,833 --> 00:32:44,000 BUT, IN GENERAL, WE'RE CURRENTLY 1311 00:32:44,066 --> 00:32:44,600 IN A WEIRD SITUATION WHERE THE 1312 00:32:44,666 --> 00:32:45,533 RESTAURANTS ARE LOSING OUT, THE 1313 00:32:45,600 --> 00:32:46,533 DELIVERY WORKERS ARE LOSING OUT, 1314 00:32:46,600 --> 00:32:47,366 AND EVEN THE COMPANIES ARE 1315 00:32:47,433 --> 00:32:48,366 STRUGGLING. 1316 00:32:48,433 --> 00:32:49,533 THE MAIN WINNER, SO FAR, HAS 1317 00:32:49,600 --> 00:32:51,533 ACTUALLY BEEN US, THE CUSTOMERS. 1318 00:32:51,600 --> 00:32:52,466 BECAUSE, AS THIS BUSINESS 1319 00:32:52,533 --> 00:32:53,500 JOURNALIST POINTS OUT, WE'RE 1320 00:32:53,566 --> 00:32:54,666 GETTING AN INCREDIBLY CONVENIENT 1321 00:32:54,733 --> 00:32:55,766 SERVICE, AND PAYING LESS THAN 1322 00:32:55,833 --> 00:32:57,633 IT'S TECHNICALLY WORTH. 1323 00:32:57,700 --> 00:32:59,133 >> I CALL THIS THE MILLENNIAL 1324 00:32:59,200 --> 00:33:00,366 LIFESTYLE SUBSIDY, RIGHT? 1325 00:33:00,466 --> 00:33:02,166 EVERY SINGLE TIME THAT YOU'RE 1326 00:33:02,266 --> 00:33:04,233 USING DOORDASH OR USING UBER, 1327 00:33:04,300 --> 00:33:05,233 YOU'RE GETTING A LITTLE BIT OF 1328 00:33:05,300 --> 00:33:06,366 MONEY BACK FROM THESE COMPANIES. 1329 00:33:06,433 --> 00:33:07,800 THEY'RE SAYING, "WE'RE NEVER 1330 00:33:07,866 --> 00:33:09,700 GOING TO CHARGE YOU AS MUCH AS 1331 00:33:09,766 --> 00:33:11,800 THIS SERVICE ACTUALLY COSTS." 1332 00:33:11,866 --> 00:33:12,933 SO, I THINK IT'S IRONIC, I THINK 1333 00:33:13,000 --> 00:33:15,066 IT'S INTERESTING, AND I ALSO 1334 00:33:15,133 --> 00:33:16,600 THINK IT JUST CAN'T LAST. 1335 00:33:16,666 --> 00:33:17,333 >> John: AND HE'S PROBABLY 1336 00:33:17,400 --> 00:33:17,833 RIGHT. 1337 00:33:17,900 --> 00:33:20,266 THOUGH, PERSONALLY, I FIND IT 1338 00:33:20,333 --> 00:33:22,200 A LITTLE HARD TO GET MAD AT THE 1339 00:33:22,266 --> 00:33:23,466 IDEA OF MILLENNIALS GETTING SOME 1340 00:33:23,533 --> 00:33:24,166 SORT OF SUBSIDY IN LIFE. 1341 00:33:24,233 --> 00:33:25,233 AFTER ALL, THIS IS A GROUP WHO 1342 00:33:25,300 --> 00:33:26,633 WILL NEVER BE ABLE TO AFFORD A 1343 00:33:26,700 --> 00:33:29,600 HOUSE, IS DROWNING IN STUDENT 1344 00:33:29,666 --> 00:33:31,266 DEBT, AND CAN'T EVEN ENJOY 1345 00:33:31,333 --> 00:33:34,066 HARRY POTTER ANYMORE. 1346 00:33:34,133 --> 00:33:34,333 [LAUGHTER] 1347 00:33:34,433 --> 00:33:37,400 YOU CAN'T SPELL "MILLENNIAL" 1348 00:33:37,466 --> 00:33:38,766 WITHOUT 3 MASSIVE Ls. 1349 00:33:38,833 --> 00:33:40,366 BUT IF IT TRULY IS THE CASE THAT 1350 00:33:40,433 --> 00:33:41,333 WE'RE HEADED TO A POINT WHERE A 1351 00:33:41,400 --> 00:33:42,633 FEW MASSIVE COMPANIES DOMINATE 1352 00:33:42,700 --> 00:33:43,533 THIS INDUSTRY, NOW MIGHT BE THE 1353 00:33:43,600 --> 00:33:44,333 TIME TO TALK ABOUT PUTTING SOME 1354 00:33:44,400 --> 00:33:47,433 REAL GUARDRAILS UP. 1355 00:33:47,500 --> 00:33:48,566 AND I WILL SAY, SOME PLACES 1356 00:33:48,633 --> 00:33:49,200 ARE TRYING. 1357 00:33:49,266 --> 00:33:50,166 HERE IN NEW YORK, THANKS TO THE 1358 00:33:50,233 --> 00:33:51,266 HARD WORK OF, AMONG OTHERS, A 1359 00:33:51,333 --> 00:33:52,533 COLLECTIVE OF DELIVERY WORKERS 1360 00:33:52,600 --> 00:33:53,600 CALLED LOS DELIVERISTAS UNIDOS, 1361 00:33:53,666 --> 00:33:54,800 THE CITY PASSED A LAW THAT 1362 00:33:54,866 --> 00:33:55,800 GUARANTEES A MINIMUM PAY RATE 1363 00:33:55,866 --> 00:33:57,866 FOR DELIVERY WORKERS. 1364 00:33:57,933 --> 00:33:59,000 BUT THE APPS HAVEN'T MADE IT 1365 00:33:59,066 --> 00:34:01,066 EASY. 1366 00:34:01,133 --> 00:34:02,333 ONCE THAT RULE ROLLED OUT, THEY 1367 00:34:02,400 --> 00:34:04,100 INCREASED THEIR FEES TO USERS 1368 00:34:04,166 --> 00:34:04,733 AND RESTAURANTS -- AND TRIED TO 1369 00:34:04,800 --> 00:34:06,033 REDUCE THE END PRICE TO THE 1370 00:34:06,100 --> 00:34:07,300 CONSUMER BY MAKING IT HARDER TO 1371 00:34:07,400 --> 00:34:13,400 FIND THE TIPPING OPTION. 1372 00:34:13,466 --> 00:34:14,400 IF YOU LIVE IN NEW YORK, CHECK 1373 00:34:14,466 --> 00:34:15,433 TO MAKE SURE YOU'RE STILL 1374 00:34:15,500 --> 00:34:17,166 TIPPING PEOPLE, BECAUSE IT'S 1375 00:34:17,233 --> 00:34:19,199 POSSIBLE THAT YOU'RE NOT. 1376 00:34:19,266 --> 00:34:20,000 AND, IN CALIFORNIA, THE STATE 1377 00:34:20,065 --> 00:34:20,600 PASSED A LAW IN 2019 EXPANDING 1378 00:34:20,666 --> 00:34:22,000 PROTECTIONS TO GIG WORKERS. 1379 00:34:22,065 --> 00:34:22,900 BUT SOME OF THE BIG DELIVERY 1380 00:34:22,966 --> 00:34:23,600 APPS -- ALONG WITH RIDESHARE 1381 00:34:23,666 --> 00:34:26,966 COMPANIES AND OTHERS -- PUSHED A 1382 00:34:27,033 --> 00:34:28,565 BALLOT PROPOSITION CALLED 1383 00:34:28,632 --> 00:34:29,565 PROP 22 THAT WOULD CARVE 1384 00:34:29,632 --> 00:34:30,766 THEMSELVES OUT OF THAT LAW. 1385 00:34:30,833 --> 00:34:31,600 AND THEY WENT ALL-OUT TO GET IT 1386 00:34:31,666 --> 00:34:33,300 PASSED. 1387 00:34:33,366 --> 00:34:35,033 >> THE LATEST DATA FROM THE 1388 00:34:35,100 --> 00:34:36,400 SECRETARY OF STATE'S OFFICE SHOW 1389 00:34:36,466 --> 00:34:38,466 UBER, LYFT, DOORDASH, POSTMATES, 1390 00:34:38,533 --> 00:34:40,632 AND INSTACART HAVE SPENT MORE 1391 00:34:40,733 --> 00:34:42,065 THAN $184 MILLION COMBINED 1392 00:34:42,166 --> 00:34:44,800 CAMPAIGNING FOR PROP 22. 1393 00:34:44,866 --> 00:34:46,100 >> IT IS VERY DAVID AND GOLIATH, 1394 00:34:46,166 --> 00:34:47,632 IF YOU WILL. 1395 00:34:47,699 --> 00:34:49,500 THESE BILLIONAIRE CORPORATIONS 1396 00:34:49,565 --> 00:34:52,266 SPENDING SO MUCH MONEY TO EXEMPT 1397 00:34:52,333 --> 00:34:52,833 THEMSELVES FROM BASIC LABOR 1398 00:34:52,900 --> 00:34:53,666 PROTECTIONS, IT TELLS YOU WHAT 1399 00:34:53,733 --> 00:35:00,100 IT'S WORTH TO THEM. 1400 00:35:00,166 --> 00:35:01,633 >> John: RIGHT, IT DOES TELL YOU 1401 00:35:01,700 --> 00:35:03,366 WHAT IT IS WORTH TO THEM! 1402 00:35:03,433 --> 00:35:03,833 AT LEAST $184 MILLION. 1403 00:35:03,900 --> 00:35:04,400 THAT'S A FUCKTON OF MONEY. 1404 00:35:04,466 --> 00:35:05,500 THAT'S AS MUCH AS -- AND THIS IS 1405 00:35:05,566 --> 00:35:06,800 TRUE -- THIS RACEHORSE. 1406 00:35:06,866 --> 00:35:07,766 THINK ABOUT THAT. 1407 00:35:07,833 --> 00:35:10,300 THEY'RE DENYING WORKERS BASIC 1408 00:35:10,366 --> 00:35:11,433 LABOR RIGHTS WHEN INSTEAD THEY 1409 00:35:11,500 --> 00:35:12,266 COULD BE GETTING IN ON THE 1410 00:35:12,333 --> 00:35:14,600 GROUND FLOOR OF THIS HORSE. 1411 00:35:14,700 --> 00:35:14,900 [LAUGHTER] 1412 00:35:14,966 --> 00:35:15,833 AND I GET IT. 1413 00:35:15,900 --> 00:35:16,700 I GET WHERE THAT VALUATION IS 1414 00:35:16,766 --> 00:35:18,433 COMING FROM. 1415 00:35:18,500 --> 00:35:20,133 AND THE SAD THING IS, THAT 1416 00:35:20,200 --> 00:35:21,166 BALLOT INITIATIVE PASSED -- AND 1417 00:35:21,233 --> 00:35:23,833 IT COULD BE VERY HARD TO UNDO, 1418 00:35:23,900 --> 00:35:26,666 GIVEN IT REQUIRES A 7/8THS VOTE 1419 00:35:26,733 --> 00:35:27,266 IN BOTH THE STATE ASSEMBLY AND 1420 00:35:27,333 --> 00:35:30,300 SENATE TO AMEND IT IN ANY WAY. 1421 00:35:30,366 --> 00:35:32,133 WHICH IS UNPRECEDENTED. 1422 00:35:32,200 --> 00:35:32,733 ALTHOUGH THAT PART, AT LEAST, 1423 00:35:32,800 --> 00:35:34,000 MAY HOPEFULLY GET OVERTURNED BY 1424 00:35:34,066 --> 00:35:34,933 CALIFORNIA SUPREME COURT LATER 1425 00:35:35,000 --> 00:35:35,200 THIS YEAR. 1426 00:35:35,266 --> 00:35:36,566 AND THERE ARE FIGHTS BREWING IN 1427 00:35:36,633 --> 00:35:38,000 OTHER PLACES -- INCLUDING 1428 00:35:38,066 --> 00:35:39,866 SEATTLE, WHICH IS CONSIDERING 1429 00:35:39,933 --> 00:35:40,500 ROLLING BACK WORKER PROTECTIONS, 1430 00:35:40,566 --> 00:35:41,500 AND MASSACHUSETTS, WHERE SEVERAL 1431 00:35:41,566 --> 00:35:42,533 APPS ARE PUSHING FOR A 1432 00:35:42,600 --> 00:35:43,866 PROP-22-STYLE BALLOT INITIATIVE 1433 00:35:43,933 --> 00:35:45,966 THIS NOVEMBER. 1434 00:35:46,033 --> 00:35:49,500 BUT WHILE THESE ISSUES GET 1435 00:35:49,566 --> 00:35:50,966 ADDRESSED AT THE FEDERAL, STATE, 1436 00:35:51,033 --> 00:35:51,900 AND CITY LEVEL, IT MIGHT BE ALSO 1437 00:35:51,966 --> 00:35:52,633 BE WORTH TALKING ABOUT WHAT YOU, 1438 00:35:52,700 --> 00:35:53,366 YOURSELF, CAN DO IN THE 1439 00:35:53,433 --> 00:35:56,233 MEANTIME. 1440 00:35:56,300 --> 00:35:56,800 BECAUSE I AM NOT SAYING YOU 1441 00:35:56,866 --> 00:35:58,766 SHOULDN'T USE DELIVERY APPS. 1442 00:35:58,833 --> 00:36:01,600 A LOT OF PEOPLE RELY ON THEM, 1443 00:36:01,666 --> 00:36:03,300 FROM WORKING PARENTS, TO 1444 00:36:03,366 --> 00:36:05,900 DISABLED PEOPLE, TO PEOPLE WHO 1445 00:36:05,966 --> 00:36:07,433 ARE -- LIKE ME, RIGHT NOW -- 1446 00:36:07,500 --> 00:36:08,400 BAKED OUT OF THEIR FUCKING 1447 00:36:08,466 --> 00:36:10,466 MINDS. 1448 00:36:10,533 --> 00:36:10,933 [CHEERS AND APPLAUSE] 1449 00:36:11,000 --> 00:36:11,533 BUT THE FACT IS THAT IT'S TOO 1450 00:36:11,600 --> 00:36:12,833 EASY TO USE THESE APPS WHILE 1451 00:36:12,900 --> 00:36:14,233 COMPLETELY FORGETTING THE ACTUAL 1452 00:36:14,300 --> 00:36:15,733 HUMAN BEINGS BEHIND THEM WHOSE 1453 00:36:15,800 --> 00:36:16,600 FATES YOU CONTROL BY PRESSING A 1454 00:36:16,666 --> 00:36:19,633 BUTTON. 1455 00:36:19,700 --> 00:36:21,433 SO WHEN IT COMES TO RESTAURANTS, 1456 00:36:21,533 --> 00:36:22,166 IF THERE'S ONE YOU LIKE TO 1457 00:36:22,266 --> 00:36:23,533 ORDER FROM, ASK IF THERE'S A WAY 1458 00:36:23,600 --> 00:36:24,400 THEY'D RATHER YOU DO THAT THAN 1459 00:36:24,466 --> 00:36:26,500 THROUGH AN APP -- AND IF THERE 1460 00:36:26,566 --> 00:36:26,766 IS, DO IT. 1461 00:36:26,833 --> 00:36:27,766 AND WHEN IT COMES TO DELIVERY 1462 00:36:27,833 --> 00:36:29,200 WORKERS, REMEMBER: BAD REVIEWS 1463 00:36:29,266 --> 00:36:30,700 CAN DIRECTLY IMPACT THEIR 1464 00:36:30,766 --> 00:36:32,033 LIVELIHOODS. 1465 00:36:32,100 --> 00:36:32,900 SO I'D GO WITH FIVE STARS ACROSS 1466 00:36:32,966 --> 00:36:35,166 THE BOARD. 1467 00:36:35,233 --> 00:36:36,233 BASICALLY, IF YOU'RE RATING 1468 00:36:36,300 --> 00:36:39,100 ANYTHING LESS THAN FIVE STARS, 1469 00:36:39,166 --> 00:36:39,766 THERE HAS TO BE VISIBLE SEMEN IN 1470 00:36:39,833 --> 00:36:42,400 YOUR FOOD. 1471 00:36:42,466 --> 00:36:42,666 [LAUGHTER] 1472 00:36:42,733 --> 00:36:45,033 AND YOU HAVE TO BE ABSOLUTELY 1473 00:36:45,100 --> 00:36:46,800 SURE THAT IT'S NOT JUST A GLAZE. 1474 00:36:46,866 --> 00:36:47,400 AND, EVEN THEN, I'D STILL GO 1475 00:36:47,466 --> 00:36:50,533 WITH FOUR STARS. 1476 00:36:50,600 --> 00:36:53,066 AND, WHILE THIS SHOULD GO 1477 00:36:53,133 --> 00:36:53,700 WITHOUT SAYING, YOU HAVE TO TIP. 1478 00:36:53,766 --> 00:36:55,466 AND IF YOU'RE MAKING SOMEONE 1479 00:36:55,566 --> 00:36:56,500 CROSS MULTIPLE BRIDGES WITH A 1480 00:36:56,566 --> 00:36:58,166 SINGLE PIECE OF CAKE, FIRST: I'M 1481 00:36:58,233 --> 00:37:02,500 SO SORRY ABOUT WHATEVER'S GOING 1482 00:37:02,566 --> 00:37:03,666 ON IN YOUR HECTIC LIFE. 1483 00:37:03,733 --> 00:37:06,733 BUT YOU NEED TO TIP EVEN MORE. 1484 00:37:06,800 --> 00:37:08,466 AND IF WE ALL DO THIS, THEN, AND 1485 00:37:08,533 --> 00:37:10,300 ONLY THEN, WILL WE BE ABLE TO 1486 00:37:10,366 --> 00:37:12,300 SAY, WITH A CLEAR CONSCIENCE -- 1487 00:37:12,366 --> 00:37:15,266 "OH THANK GOD, THE FOOD'S HERE." 1488 00:37:15,333 --> 00:37:16,733 AND NOW, THIS. 1489 00:37:16,800 --> 00:37:22,100 >> Announcer: AND NOW, 1490 00:37:22,166 --> 00:37:23,600 STUART VARNEY'S FAVORITE PERSON 1491 00:37:23,666 --> 00:37:25,800 IS EXACTLY WHO YOU THINK IT IS. 1492 00:37:25,866 --> 00:37:28,133 >> I SAY EUROPE IS IN DECLINE. 1493 00:37:28,233 --> 00:37:29,866 MORALLY AND FINANCIALLY. 1494 00:37:29,933 --> 00:37:32,500 MORE ON THAT NEXT. 1495 00:37:32,566 --> 00:37:34,233 IF ONLY SHE WAS STILL AROUND. 1496 00:37:34,300 --> 00:37:37,166 >> MAYBE WE SHOULD REMEMBER THE 1497 00:37:37,233 --> 00:37:38,566 WONDERFUL MARGARET THATCHER. 1498 00:37:38,633 --> 00:37:41,766 >> YOU KNOW I WORKED WITH 1499 00:37:41,833 --> 00:37:42,033 THATCHER. 1500 00:37:42,100 --> 00:37:44,000 >> I WAS TRYING TO GET A 1501 00:37:44,066 --> 00:37:44,400 MARGARET THATCHER. 1502 00:37:44,466 --> 00:37:45,400 >> MARGARET THATCHER'S PROBABLY 1503 00:37:45,466 --> 00:37:46,733 HELD DEEPLY IN YOUR HEART. 1504 00:37:46,800 --> 00:37:49,000 >> YOU'RE RIGHT, SCOTT. 1505 00:37:49,066 --> 00:37:50,566 SHE'S VERY CLOSE TO MY HEART. 1506 00:37:50,633 --> 00:37:52,266 WHAT A WONDERFUL LADY SHE WAS. 1507 00:37:52,333 --> 00:37:53,566 >> BIG TIME NEGOTIATOR. 1508 00:37:53,633 --> 00:37:55,500 >> WASN'T SHE JUST CANNOT QUIT A 1509 00:37:55,566 --> 00:37:55,700 LADY. 1510 00:37:55,766 --> 00:37:56,833 >> I MISS MARGARET THATCHER. 1511 00:37:56,900 --> 00:37:59,100 SHE WAS WONDERFUL, THAT'S A 1512 00:37:59,166 --> 00:37:59,300 FACT. 1513 00:37:59,366 --> 00:38:01,000 >> SHE WAS A GOOD CANDIDATE. 1514 00:38:01,100 --> 00:38:02,100 >> SHE WAS GREAT. 1515 00:38:02,200 --> 00:38:04,100 SHE WAS FANTASTIC. 1516 00:38:04,166 --> 00:38:04,633 I JUST CAN'T HELP MYSELF. 1517 00:38:04,700 --> 00:38:06,300 I HAVE TO QUOTE 1518 00:38:06,366 --> 00:38:06,700 MARGARET THATCHER. 1519 00:38:06,766 --> 00:38:08,066 AS A WONDERFUL MARGARET THATCHER 1520 00:38:08,133 --> 00:38:09,533 SAID, THE TROUBLE WITH SOCIALISM 1521 00:38:09,600 --> 00:38:12,100 IS THAT, SOONER OR LATER, YOU 1522 00:38:12,166 --> 00:38:14,066 RUN OUT OF OTHER PEOPLES MONEY. 1523 00:38:14,133 --> 00:38:14,700 >> THE TROUBLE WITH SOCIALISM -- 1524 00:38:14,766 --> 00:38:16,700 >> YOU RUN OUT OF OTHER PEOPLES 1525 00:38:16,766 --> 00:38:16,900 MONEY. 1526 00:38:16,966 --> 00:38:18,333 >> AND THE PROBLEM WITH 1527 00:38:18,400 --> 00:38:19,400 SOCIALISM IS EVENTUALLY RUN OUT 1528 00:38:19,466 --> 00:38:21,200 OF OTHER PEOPLES MONEY. 1529 00:38:21,266 --> 00:38:22,633 >> EXACTLY. 1530 00:38:22,700 --> 00:38:23,300 MARGARET THATCHER. 1531 00:38:23,366 --> 00:38:23,633 >> DEAD RIGHT. 1532 00:38:23,700 --> 00:38:26,166 >> WHO IS THE MOST IMPORTANT NOR 1533 00:38:26,233 --> 00:38:27,833 IMPRESSIVE PERSON YOU'VE EVER 1534 00:38:27,900 --> 00:38:28,666 INTERVIEWED? 1535 00:38:28,733 --> 00:38:31,333 ABSOLUTELY DEAD EASY. 1536 00:38:31,400 --> 00:38:31,733 MARGARET THATCHER. 1537 00:38:31,800 --> 00:38:32,666 >> MARGARET THATCHER. 1538 00:38:32,733 --> 00:38:34,100 >> MARGARET THATCHER. 1539 00:38:34,200 --> 00:38:36,066 >> MERRY CHRISTMAS, MAGGIE 1540 00:38:36,166 --> 00:38:36,700 THATCHER. 1541 00:38:36,766 --> 00:38:37,333 IT'S A GREAT PIECE. 1542 00:38:37,400 --> 00:38:40,366 >> "BILLY ELLIOT?" 1543 00:38:40,433 --> 00:38:40,666 WHAT'S THAT? 1544 00:38:40,733 --> 00:38:41,800 >> THE MUSICAL IN WHICH THEY 1545 00:38:41,866 --> 00:38:42,800 RIPPED INTO HER. 1546 00:38:42,866 --> 00:38:44,633 THE WHOLE THING IS AN ATTACK ON 1547 00:38:44,700 --> 00:38:45,733 MAGGIE THATCHER BUT VERY 1548 00:38:45,800 --> 00:38:46,200 CLEVERLY DONE. 1549 00:38:46,266 --> 00:38:47,133 >> IT IS? 1550 00:38:47,200 --> 00:38:48,400 I DIDN'T KNOW THAT. 1551 00:38:48,466 --> 00:38:53,133 I WAS GOING TO GO AND SEE IT! 1552 00:38:53,200 --> 00:38:54,133 WHERE 1553 00:38:54,200 --> 00:38:54,666 >> John: THAT'S OUR SHOW. 1554 00:38:54,733 --> 00:38:55,600 THANK YOU SO MUCH FOR WATCHING. 1555 00:38:55,666 --> 00:38:56,100 WE'LL SEE YOU NEXT WEEK. 1556 00:38:56,166 --> 00:38:56,366 WHERE WE? 1557 00:38:56,433 --> 00:38:56,566 ♪ ♪ 1558 00:38:56,633 --> 00:38:56,833 [APPLAUSE] 1559 00:38:56,900 --> 00:38:57,233 GOOD NIGHT! 1560 00:38:57,300 --> 00:38:58,233 [CHEERS AND APPLAUSE] 1561 00:38:58,300 --> 00:39:02,033 ♪ ♪ 1562 00:39:02,100 --> 00:39:06,466 ♪ ♪