Too Good To Be True | Group Chat News Ep. 902

Group Chat

Entrepreneurship, News, Culture, Podcast, Group, Stock, Chat, Business, Entrepreneur, Arts

4.8 • 1.5K Ratings

🗓️ 17 October 2024

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Group Chat News is back with the hottest stories of the week! Including, how The Sphere is expanding with a new Abu Dhabi location, Tom Brady is now a part owner of the Las Vegas Raiders, what 66 economists say about where the economy is headed, OnlyFans revenue, users, and top earners statistics in 2024, US households now hold 48% of their assets in equities, the highest since the 2000 Dot-Com bubble peak and everyone's favorite WINNERS, LOSERS, and CONTENT!

Timeline of What Was Discussed:

· Congratulations Dee and Team Ghost! (0:00)

· Zombieland, aka San Francisco. (3:00)

· The Sphere is expanding! (9:20)

· Tom Brady is the model. (14:48)

· Where is the economy heading? (24:25)

· OnlyFans, as a business, is SWIMMING in cash! (31:15)

· Stocks are HOT! (40:28)

· Winners, Losers, and Content. (50:47)

· Reading the YouTube Comments. (1:04:51)

· Group Chat ‘Kathy’ Shout Outs. (1:07:04)

Related Links/Products Mentioned

· Exclusive: Ghost, B2B retail inventory marketplace, raises a $40 million Series C led by L Catterton

· The Sphere Is Expanding With New Abu Dhabi Location

· Tom Brady is now a part owner of the Las Vegas Raiders

· What 66 Economists Say About Where the Economy Is Headed, in Charts

· OnlyFans Revenue, Users, and Top Earners Statistics 2024

· US households now hold 48% of their assets in equities, the highest since the 2000 Dot-Com bubble peak.

· 3 months ago, Marc Andreessen sent $50,000 in Bitcoin to an AI agent to help it escape into the wild.

· Police in France and Italy bust gang that sold bottles of fake vintage wine for $16,000 apiece

· Watch Starting 5 | Netflix Official Site

Connect with Group Chat!

Transcript

Click on a timestamp to play from that location

0:00.0	Hey Onen. What's going on?
0:02.0	D's rich and he left us.
0:05.0	Yeah, I just want him to get a plane, to be honest at this point.
0:08.0	Right. I mean, what are you doing with all this money if you're not buying jets. Isn't that what you're supposed to do
0:14.3	when you have other people's money? I think that's the playbook. Right. So what we're
0:20.0	talking about is D actually didn't quite get super rich yet but he just raised
0:25.6	another round of funding for his business and we wanted to give him a just a good
0:31.3	old-fashioned friendly congratulations.
0:34.0	Yeah, so term sheet, which is effectively fortune,
0:38.0	I guess they gave them the scoop.
0:40.0	I don't talk to them how they decided who they wanted to give the scoop to.
0:44.3	So Fortune wrote a piece in their daily newsletter which is called Term Sheet
0:50.2	and obviously posted on their website talking about, you know, they raised $40 million from
0:57.0	El Katterton, which is one of the premier consumer facing private equity funds in the world.
1:03.0	They're also owned by LVMH.
1:07.2	I don't know what the split is between the partners and LVMH.
1:10.3	Right.
1:11.1	So it's a very prestigious fund and you know
1:14.7	Dean needs to get a plane that's all I'm gonna say now he doesn't have time to be on
1:19.2	group check because he has people to answer to that freaking just gave him 40 million bucks so he's out
1:26.2	today so you got me in on it yeah no I mean congratulations to D I know how hard
1:31.6	he's been working the last I mean obviously 20 years but specifically
	...

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