cover of episode OpenAI’s Exodus, the Rise of Palantir, and the Longshoremen’s Strike

OpenAI’s Exodus, the Rise of Palantir, and the Longshoremen’s Strike

2024/9/30
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Prof G Markets

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The Justice Department is suing Visa for allegedly monopolizing the debit card market. Visa is accused of using anti-competitive practices, including paying competitors to stay out of the market. This marks the Biden administration's first major antitrust case in the financial services industry.
  • Visa controls 60% of the debit transaction market.
  • Visa uses partnerships with financial institutions to box out competitors like PayPal and Apple.
  • Retailers often feel they have no choice but to work with Visa, giving Visa significant pricing power.

Shownotes Transcript

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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