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cover of episode Prof G Markets: OpenAI’s Exodus, the Rise of Palantir, and the Longshoremen’s Strike

Prof G Markets: OpenAI’s Exodus, the Rise of Palantir, and the Longshoremen’s Strike

2024/9/30
logo of podcast The Prof G Pod with Scott Galloway

The Prof G Pod with Scott Galloway

Chapters

The Department of Justice is suing Visa for allegedly monopolizing the debit card market. Visa controls 60% of debit transactions and uses partnerships with financial institutions to box out competitors like PayPal and Apple. Is Visa's dominance similar to a utility, requiring different regulations?
  • Visa controls 60% of the debit transaction market.
  • Visa uses partnerships to exclude competitors.
  • Debate on whether Visa's role is similar to a utility.

Shownotes Transcript

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Scott and Ed open the show by discussing the DOJ’s antitrust lawsuit against Visa, Meta’s new AR glasses and the recent executive resignations at OpenAI. Then Scott explains why Palantir is one of the most overvalued companies in tech, and why he thinks the brand has resonated with retail consumers. He also advises current Palantir employees on what he thinks they should do with their stock options. Finally, Scott and Ed break down the Longshoremen’s demands and discuss the impact a potential strike could have on the economy. 

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