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That's how much Ken Griffin paid for, get this, a stegosaurus skeleton. True story. When I was 14, me and my buddy were masturbating to some hardcore dinosaur pornography. Unfortunately, my mothersaurus. Get it? Ad. Get it? It's like a dad joke that's also a little bit pornographic. Welcome to Prof. G markets. Today we're discussing Trump's Silicon Valley backers and supreme's late aspire. But 1st, 1st here with the news is prop g analyst Ed Ellison. Ed, what is the good word? What's going on with you?

I'm pretty good, Scott. I want to get your honest reaction to Ken Griffin paying $45 million for a stegosaurus. What does that say about the state of the United States right now?

Well, that too few people have too much fucking money. I mean, what else is to say about it? There's a hot market in dinosaur exoskeletons. Good for him. Although speaking along the lines of having too much money, I actually contemplating bidding on Einstein's letter to Truman, I think warning him about the dangers of the atomic bomb. He has a, I think it's, I don't know if it's a written or a type letter, but they think it's gonna go for three to 4 million.

So this is how you know you're an old person is when you start bidding millions of dollars on handwritten letters. That's how you know you're getting old.

The other way is for the first time in my life, someone says, do you want to go on a cruise? And I think, yeah, that sounds kind of nice. Or I start thinking, I don't believe you. Anytime, anytime someone says the word pee, I need to pee. It's like I can be walking out of a urinal and if someone says, did you just pee? I'm like, I have to stop and go back and pee again. And you find like, I took a walk. Let's get back to me. I took a walk through the rose garden in Hyde park. Was it Hyde park or Regent's Park? I have no interest in roses. And I'm like, this is so beautiful. And I forced my sons to sit down and take a moment to smell the flowers. And I'm like, oh, my God, I've become my grandmother. Anyways, this is what you have to look forward to.

That's good. It's a nice change for you.

What do you think of what it means when Ken Griffin spends that kind of money on a stegosaurus skeleton?

Oh, yeah, I think it's a really efficient use of capital. I think it says a good thing about our economy that there are people out there who have this much money to buy skeletons. I just think it shows that the markets are working and I. Yeah, and.

It'S good you feel good about it. You're one of these anti capitalists. You think we need to move to a collective and communism. Yeah, I think it's good he's spending it. Let me listen. I think it's better that he's spending it than hoarding it. I don't know. Whoever owned that skeleton now has now living large, like, woo.

That's true.

Do you hear, Bob? He's bought a new boat. How do you do that? He had some fucking dinosaur skeleton that he sold to some stupid white guy from Chicago. I like that story.

That's a good point, actually.

Why not?

That makes me feel better. Should we get to the headlines?

Yes.

Let's start with our weeklycontrol department. They have so much money that I have absolutely no risk of nonpayment. And so the result is that with rent control, you end up with a dearth of housing stock because nobody wants to build because they can't get a return on their investment, because there's going to be rent control placed on this asset they build. So it decreases supply. And all you end up doing is giving a gift to rich, mostly rich, mostly white people, who the landlord picks the safest bet in terms of economic security.It doesn't work. What they should be doing is figuring out legislation that makes it very difficult for local review boards to kill housing permits they should be providing, if they need to, economic subsidies that encourage more and more building. This is straight. I mean, this is simple fucking economics. So this is all a long winded way of saying we should move on. To the next story.Verizon.I find this really interesting. I think in general what you have is a group of people, a sector that has had the shit kicked out of it, specifically traditional creative community. They have slowly but surely seen their economics get worse and worse. And in addition, there's been a genie coefficient here. And that is Taylor Swift now sells more albums than all of jazz or all of classical music combined. So she's bigger than entire genres.That's a good set.And everybody thought that online music was going to create this long tale. And there is a little bit more discovery. A great song can bubble up even if it doesn't get a contract with, you know, Warner music, whatever. But for the most part it's created a globalization of music where I think Sadea is a billionaire. Cause in every country in the world, including muslim countries, she's like the fourth biggest or the 6th biggest artist. Like, she has made, I think, hundreds of millions, if not billions of dollars. And by the way, she deserves it. That shit is buttery and sexy.I've never even heard of her.When you're fortunate enough, like every five years, when you're fortunate enough to get a lady back to your apartment, just trust me on this. It's sade and chardonnay. Boom, it's go time. And anyways, little tip, little tip. So don't know how I got there, but these artists are, they're pushing back and they're saying, we're just sick of platforms injecting themselves in between us and the consumer and starching most of the margin. And I think that they're basically lawyering up and saying, go after everybody because we need a bigger piece of this pie. Because spending, I believe, on music has actually gone up. But I think that it's gotten harder and harder for all but the top 1%. Supposedly the us economy loses about 13 billion annually as a result of music theft. And visit to music piracy sites increased 13% last year to more than 17 billion. And I think they're that up and they're trying to find ways to restore kind of a economic structure that helps them. I don't know much about the case itself. Do you have any thoughts here?Well, yeah, let's just go through what they're ass and announce publicly that I am donating $45 million a month to this campaign, and I find the concentration of wealth, it's much scarier than buying an exoskeleton of a dinosaur. What's scarier is that an individual can donate $45 million a month to a presidential campaign, especially when you have a guy that doesn't have any principles. There's not an ideologue in any way. And I'll just be like, all right. Oh, okay. Elon wants this. He gave me a quarter of a billion dollars. He can have. Fine, put tariffs on. Put tariffs on BYD and young people won't have access to affordable Ev's. Or, you know, he's. And the flip is true, too. I think that companies that have stayed neutral or maybe have CEO's who have donated to democratic campaigns, I think he's going to decide, oh, sorry, you're. You don't get any boeing.You can't bid on government contracts. This is just becoming pure pay to play. And also, I find it so gross that some of the people who are the most fortunate in our society don't want to pay it forward. They just want a low tax regime with no regulation that just, at the end of the day, that just gets them richer at the expense of. What I would argue are. I'm really shocked is kind of one word, and disappointed that we're seeing this kind of massive influx of capital across it. I'm kind of flummoxpied. I was really surprised. Do you have any thoughts?I think the thing that'sslowly but surely, money has become more important. But this is now. And these two parties competing on ideologies around, you know, limited government and freedoms, you know, personal freedom of the Republican Party and the importance of good government and civil rights. That was. It used to be actually Republicans and it was Democrats. Now the Republicans have gone full. No, it's about money and kissing Trump's ass. That's it. That's it.I want to just give one example of that before we move on. Going back to the conviction, the Trump conviction. Earlier this year, he was found guilty, and the following day, the donations went through the roof. And then there was this The person who probably talked them into this at versus probably moved on, and it's no longer running corporate development in VF guy or gal running it? Those were the three things that distinguished their winners from their losers.Just focus on Luxottica's strategy here and try to justify it. I mean, this is the first time they're going outside of eyewear. They own a bunch of fashion brands, but they're all glasses. It's like Ray Bans, Persol, Oliver Peoples, etcetera. It feels like to me, what they're doing is something like an LVMH strategy. And that is LVMH was a leather goods company until it wasn't. They realized they could leverage that brand to sell a whole bunch of other stuff. So they merged with Moe Hennessey, they bought up a bunch of assets, and now they sell everything, and it's a $100 billion per year business. I just wonder if Luxottica is looking at that. They're looking at LVMH and Hermes and Kering and all these other sort of luxury conglomerates, and they're thinking, we want a piece of that action. actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.It's 1.2 trillion.Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

control department. They have so much money that I have absolutely no risk of nonpayment. And so the result is that with rent control, you end up with a dearth of housing stock because nobody wants to build because they can't get a return on their investment, because there's going to be rent control placed on this asset they build. So it decreases supply. And all you end up doing is giving a gift to rich, mostly rich, mostly white people, who the landlord picks the safest bet in terms of economic security.

It doesn't work. What they should be doing is figuring out legislation that makes it very difficult for local review boards to kill housing permits they should be providing, if they need to, economic subsidies that encourage more and more building. This is straight. I mean, this is simple fucking economics. So this is all a long winded way of saying we should move on. To the next story.

Verizon.

I find this really interesting. I think in general what you have is a group of people, a sector that has had the shit kicked out of it, specifically traditional creative community. They have slowly but surely seen their economics get worse and worse. And in addition, there's been a genie coefficient here. And that is Taylor Swift now sells more albums than all of jazz or all of classical music combined. So she's bigger than entire genres.

That's a good set.

And everybody thought that online music was going to create this long tale. And there is a little bit more discovery. A great song can bubble up even if it doesn't get a contract with, you know, Warner music, whatever. But for the most part it's created a globalization of music where I think Sadea is a billionaire. Cause in every country in the world, including muslim countries, she's like the fourth biggest or the 6th biggest artist. Like, she has made, I think, hundreds of millions, if not billions of dollars. And by the way, she deserves it. That shit is buttery and sexy.

I've never even heard of her.

When you're fortunate enough, like every five years, when you're fortunate enough to get a lady back to your apartment, just trust me on this. It's sade and chardonnay. Boom, it's go time. And anyways, little tip, little tip. So don't know how I got there, but these artists are, they're pushing back and they're saying, we're just sick of platforms injecting themselves in between us and the consumer and starching most of the margin. And I think that they're basically lawyering up and saying, go after everybody because we need a bigger piece of this pie. Because spending, I believe, on music has actually gone up. But I think that it's gotten harder and harder for all but the top 1%. Supposedly the us economy loses about 13 billion annually as a result of music theft. And visit to music piracy sites increased 13% last year to more than 17 billion. And I think they're that up and they're trying to find ways to restore kind of a economic structure that helps them. I don't know much about the case itself. Do you have any thoughts here?

Well, yeah, let's just go through what they're ass and announce publicly that I am donating $45 million a month to this campaign, and I find the concentration of wealth, it's much scarier than buying an exoskeleton of a dinosaur. What's scarier is that an individual can donate $45 million a month to a presidential campaign, especially when you have a guy that doesn't have any principles. There's not an ideologue in any way. And I'll just be like, all right. Oh, okay. Elon wants this. He gave me a quarter of a billion dollars. He can have. Fine, put tariffs on. Put tariffs on BYD and young people won't have access to affordable Ev's. Or, you know, he's. And the flip is true, too. I think that companies that have stayed neutral or maybe have CEO's who have donated to democratic campaigns, I think he's going to decide, oh, sorry, you're. You don't get any boeing.You can't bid on government contracts. This is just becoming pure pay to play. And also, I find it so gross that some of the people who are the most fortunate in our society don't want to pay it forward. They just want a low tax regime with no regulation that just, at the end of the day, that just gets them richer at the expense of. What I would argue are. I'm really shocked is kind of one word, and disappointed that we're seeing this kind of massive influx of capital across it. I'm kind of flummoxpied. I was really surprised. Do you have any thoughts?I think the thing that'sslowly but surely, money has become more important. But this is now. And these two parties competing on ideologies around, you know, limited government and freedoms, you know, personal freedom of the Republican Party and the importance of good government and civil rights. That was. It used to be actually Republicans and it was Democrats. Now the Republicans have gone full. No, it's about money and kissing Trump's ass. That's it. That's it.I want to just give one example of that before we move on. Going back to the conviction, the Trump conviction. Earlier this year, he was found guilty, and the following day, the donations went through the roof. And then there was this The person who probably talked them into this at versus probably moved on, and it's no longer running corporate development in VF guy or gal running it? Those were the three things that distinguished their winners from their losers.Just focus on Luxottica's strategy here and try to justify it. I mean, this is the first time they're going outside of eyewear. They own a bunch of fashion brands, but they're all glasses. It's like Ray Bans, Persol, Oliver Peoples, etcetera. It feels like to me, what they're doing is something like an LVMH strategy. And that is LVMH was a leather goods company until it wasn't. They realized they could leverage that brand to sell a whole bunch of other stuff. So they merged with Moe Hennessey, they bought up a bunch of assets, and now they sell everything, and it's a $100 billion per year business. I just wonder if Luxottica is looking at that. They're looking at LVMH and Hermes and Kering and all these other sort of luxury conglomerates, and they're thinking, we want a piece of that action. actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.It's 1.2 trillion.Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

ass and announce publicly that I am donating $45 million a month to this campaign, and I find the concentration of wealth, it's much scarier than buying an exoskeleton of a dinosaur. What's scarier is that an individual can donate $45 million a month to a presidential campaign, especially when you have a guy that doesn't have any principles. There's not an ideologue in any way. And I'll just be like, all right. Oh, okay. Elon wants this. He gave me a quarter of a billion dollars. He can have. Fine, put tariffs on. Put tariffs on BYD and young people won't have access to affordable Ev's. Or, you know, he's. And the flip is true, too. I think that companies that have stayed neutral or maybe have CEO's who have donated to democratic campaigns, I think he's going to decide, oh, sorry, you're. You don't get any boeing.

You can't bid on government contracts. This is just becoming pure pay to play. And also, I find it so gross that some of the people who are the most fortunate in our society don't want to pay it forward. They just want a low tax regime with no regulation that just, at the end of the day, that just gets them richer at the expense of. What I would argue are. I'm really shocked is kind of one word, and disappointed that we're seeing this kind of massive influx of capital across it. I'm kind of flummoxpied. I was really surprised. Do you have any thoughts?

I think the thing that'sslowly but surely, money has become more important. But this is now. And these two parties competing on ideologies around, you know, limited government and freedoms, you know, personal freedom of the Republican Party and the importance of good government and civil rights. That was. It used to be actually Republicans and it was Democrats. Now the Republicans have gone full. No, it's about money and kissing Trump's ass. That's it. That's it.I want to just give one example of that before we move on. Going back to the conviction, the Trump conviction. Earlier this year, he was found guilty, and the following day, the donations went through the roof. And then there was this The person who probably talked them into this at versus probably moved on, and it's no longer running corporate development in VF guy or gal running it? Those were the three things that distinguished their winners from their losers.Just focus on Luxottica's strategy here and try to justify it. I mean, this is the first time they're going outside of eyewear. They own a bunch of fashion brands, but they're all glasses. It's like Ray Bans, Persol, Oliver Peoples, etcetera. It feels like to me, what they're doing is something like an LVMH strategy. And that is LVMH was a leather goods company until it wasn't. They realized they could leverage that brand to sell a whole bunch of other stuff. So they merged with Moe Hennessey, they bought up a bunch of assets, and now they sell everything, and it's a $100 billion per year business. I just wonder if Luxottica is looking at that. They're looking at LVMH and Hermes and Kering and all these other sort of luxury conglomerates, and they're thinking, we want a piece of that action. actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.It's 1.2 trillion.Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

slowly but surely, money has become more important. But this is now. And these two parties competing on ideologies around, you know, limited government and freedoms, you know, personal freedom of the Republican Party and the importance of good government and civil rights. That was. It used to be actually Republicans and it was Democrats. Now the Republicans have gone full. No, it's about money and kissing Trump's ass. That's it. That's it.

I want to just give one example of that before we move on. Going back to the conviction, the Trump conviction. Earlier this year, he was found guilty, and the following day, the donations went through the roof. And then there was this The person who probably talked them into this at versus probably moved on, and it's no longer running corporate development in VF guy or gal running it? Those were the three things that distinguished their winners from their losers.Just focus on Luxottica's strategy here and try to justify it. I mean, this is the first time they're going outside of eyewear. They own a bunch of fashion brands, but they're all glasses. It's like Ray Bans, Persol, Oliver Peoples, etcetera. It feels like to me, what they're doing is something like an LVMH strategy. And that is LVMH was a leather goods company until it wasn't. They realized they could leverage that brand to sell a whole bunch of other stuff. So they merged with Moe Hennessey, they bought up a bunch of assets, and now they sell everything, and it's a $100 billion per year business. I just wonder if Luxottica is looking at that. They're looking at LVMH and Hermes and Kering and all these other sort of luxury conglomerates, and they're thinking, we want a piece of that action. actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.It's 1.2 trillion.Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

The person who probably talked them into this at versus probably moved on, and it's no longer running corporate development in VF guy or gal running it? Those were the three things that distinguished their winners from their losers.Just focus on Luxottica's strategy here and try to justify it. I mean, this is the first time they're going outside of eyewear. They own a bunch of fashion brands, but they're all glasses. It's like Ray Bans, Persol, Oliver Peoples, etcetera. It feels like to me, what they're doing is something like an LVMH strategy. And that is LVMH was a leather goods company until it wasn't. They realized they could leverage that brand to sell a whole bunch of other stuff. So they merged with Moe Hennessey, they bought up a bunch of assets, and now they sell everything, and it's a $100 billion per year business. I just wonder if Luxottica is looking at that. They're looking at LVMH and Hermes and Kering and all these other sort of luxury conglomerates, and they're thinking, we want a piece of that action. actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.It's 1.2 trillion.Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

guy or gal running it? Those were the three things that distinguished their winners from their losers.

Just focus on Luxottica's strategy here and try to justify it. I mean, this is the first time they're going outside of eyewear. They own a bunch of fashion brands, but they're all glasses. It's like Ray Bans, Persol, Oliver Peoples, etcetera. It feels like to me, what they're doing is something like an LVMH strategy. And that is LVMH was a leather goods company until it wasn't. They realized they could leverage that brand to sell a whole bunch of other stuff. So they merged with Moe Hennessey, they bought up a bunch of assets, and now they sell everything, and it's a $100 billion per year business. I just wonder if Luxottica is looking at that. They're looking at LVMH and Hermes and Kering and all these other sort of luxury conglomerates, and they're thinking, we want a piece of that action. actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.It's 1.2 trillion.Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

actually a pretty cool technology. And in ten years, the Oculus technology, the dream of Oculus might be realized with micro cameras and smaller, more powerful chips that can seamlessly go into a pair of glasses. And I think that's his vision, and he wants a leg up in terms of manufacturing and the style. And so I think given meta has whatever, a seven or $800 billion market cap or whatever it is, or is it over China, I can't keep track. Sorry.

It's 1.2 trillion.

Okay. 1.2 trillion. So meta is contemplating, according to news here, a $5 million investment at a valuation of 100 million. That gives them 5%. They don't care about the financial return here. They don't want to lose money, but that's spare change for them. That's a couple of weeks of free cash flow. And what they really want is to be one of the largest shareholders, individual shareholders, in an agreement to be involved in the development or have access to proprietary manufacturing and supply chain. That helps give them an edge around producing kind of a metaverse or AR VR enabled sunglasses or glasses. This is going to have the metaverse or what? His vision of the headset is going to be realized. It's going to be realizing glasses. And when I put on my kids glasses, it just clicked on me. I see the produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.Me in kind reunion as the world comes and the sunlight in love.

produced by Claire Miller and engineered by Benjamin Spencer. Our associate producer is Alison. Our executive producers are Jason Stavers and Catherine Dillon. Mia Silverio is our research lead, and Drew Burrows is our technical director. Thank you for listening to ProFg markets from the Vox Media podcast network. Join us on Thursday for a conversation with Robert Armstrong. Only on ProFg markets.

Me in kind reunion as the world comes and the sunlight in love.