at Luke Laffer.
All right, guys, welcome to the WAN Show.
Got another great show for you guys.
I'm sure we've done a great show once before
at the very least.
Oh, wow, they turned around the screen on the camera.
That's gonna be really distracting.
That's kinda weird.
I don't think I can, I don't think I can not look at it.
Hey, one of the, hey, thanks, David.
What's wrong with looking at it?
Well, no, if you look at it,
then you're gonna look-
They're like slightly off?
Yeah, it's kinda like if you're having a conversation
with someone like this.
They're like, hi, James, how are you today?
But it's also kinda weird
if you just look into the lens too much for too long.
People get mad at that too.
No.
They yelled at me once on a video.
Who gets mad about that?
Yeah, okay.
Well, what happened was I was trying to read the script
and it was the first time that it wasn't a tech link
or a tech Wiki and I actually had to interact
with the product I was using.
So I was trying to read the teleprompter,
which is right in front of the lens.
And then I was trying to look away sometimes at the thing
and hold it and present it.
And I was not skilled enough to go from that
back to my spot on the scrolling text.
Right.
And so I kept screwing up.
So when the final edit came through
and the editor was done putting it all together,
all the takes that worked,
every take that worked was one where I looked
right in the lens without blinking.
So the final-
Hi everyone, I am talking about this product.
I am not a robot.
I am a human.
The final video was super penetrating
and like all the comments were like,
man, you need to look away once in a while,
blink once in a while.
I was trying guys.
Okay, I can see that.
But Wanch has a more conversational format.
So this is one of those things where,
sorry guys, we will really get to topics
relatively quickly today, but we're sorry.
Look, the show is having a conversation, okay?
So it's one of those things where it's context dependent.
So depending on what type of video it is,
sometimes it's really important to maintain
eye contact the whole time.
Like when I was working on the video this week
about the red megs,
that was the kind of video where,
because I am having a conversation
with the person across the table from me
who just happens to be a camera,
it's important to maintain eye contact
because guys, we're trying to have a real chat here.
We're trying to demystify something.
Especially if it's a more sensitive video,
like after your, I don't know,
iPhone 10 or something review,
when you made a subsequent video that was like,
look, we kind of screwed up in these ways.
I didn't want the video to come out
the way it did come out.
And you're having like a frank discussion
with the audience.
Yes, it's important to maintain eye contact.
It's just, it's a matter of respect.
Whereas when you are,
like when you're,
like if you can imagine something
that was like more of a,
like a narrative type content
where the characters are interacting with each other,
and it's like, hi James,
it sure is a pleasure to be meeting with you here today.
That's right Linus.
I can't wait to have a show
where we actually talk about tech.
So it's all, it's all context dependent.
So we do have a bunch of great topics for you guys today.
Amazon accidentally sold $13,000 plus camera gear
for a hundred dollars on prime day,
which wouldn't be much of a WAN show topic.
There wouldn't be a lot of discussion there,
except that I can actually talk about my experience
being on the other end,
as opposed to the consumer who got a great deal,
being the product manager who accidentally priced something
for one 10th of what it was supposed to be.
So we'll discuss that.
We've also got Neuralink,
Elon Musk's brain interface company,
applying to the FDA for human trials.
I already have mine.
He wants to wear that.
Are you saying you want me to cover up
my world's greatest dad shirt?
Look, we've got the world's first
and second greatest dad shirt.
There are some people in this office
that find that t-shirt offensive.
Like if you got one for me too,
and we could both wear it.
I didn't, okay, it was a gift.
If we were co-world's greatest dad,
I might feel slightly less personally attacked.
There's only one greatest, one goat.
And we're also gonna cover Facebook's
finally getting the fine of $5 billion.
Well, actually they're not,
but that's the announced amount.
It still hasn't gone through, but 5 billion.
Let's see if that number matters.
Roll the intro.
Roll the intro.
It's lagging apparently again.
I don't know, I just don't get it.
We streamed for half an hour on the test channel.
Yeah, please do, because this is getting ridiculous.
Like we can't be using this exact computer
to stream on the test channel
and then have it be broken for no apparent reason.
That doesn't make any sense.
For those of you watching on YouTube,
we would strongly recommend
heading over to twitch.tv slash Linus Tech.
Yes, I can.
I can do that.
If YouTube can't figure out their live streaming,
then people can go watch on Twitch.
The stream's fine over there.
So we're multi-streaming.
We did a half an hour long test on our other channel
and it was fine.
So honestly, I don't know what to tell you guys.
We have no idea what the problem is,
but it's clearly not our internet,
clearly not our restreaming service,
because that's working to Twitch on this one
and to our test YouTube channel.
And so, yeah, we don't know.
We've got the settings identical between them.
It's apparently only some people.
So there's people in chat that are saying there's no lag.
So all I can tell you guys
is if you are experiencing lag, twitch.tv slash Linus Tech,
we're also having some lag issues on Floatplane.
Those are unrelated.
Those are Floatplane related.
We have to change from a nimble video streamer
to a different one
because basically there's too many of you now
and we have to make something new.
So thanks so much for your support.
Is pretty much what I'm...
Tell your friends, but get them to trickle in.
Yeah, Luke's gonna have some really cool
Floatplane news next week.
But for now, I think the best thing that we can do
is jump right into our highlight topic for the week,
which is of course the pricing errors on Amazon's Prime Day.
Now, this isn't something you noticed
when you guys were doing your Prime Day stream.
No, it wasn't.
Did you cover any camera gear?
No, we didn't.
So this was posted by RC Mayell,
I think is how I pronounce that.
I'd like to just, just for the record,
you have one of my most hated names on the forum.
I do?
No, this guy, this person.
I was like, it's just my name.
I'm doing the WANDOC.
Why can't you stop, why won't you stop attacking me?
You're a bad dad.
Yeah, you have a crap name.
You're not a bad dad.
You're just not the world's greatest anymore.
All right, so sorry.
I've been doing this for three weeks now.
You hate RC Mayell's.
I've been doing the WANDOC for like a year and a half
or something like that, or maybe even two years.
And this person posts all the time
and I still have to spell and like look and spell the name.
It just makes no sense in my mind.
I can't remember how to spell it ever.
So thanks, dude.
Maybe it's RC Mayell.
You know, like maybe we're missing something here.
Anyway, do you wanna run us through what happened?
So on Prime Day, some users, not everybody,
but some people saw weird prices
for lots of different camera gear.
And this is on the same item.
Like two different people would see a different price
for the same item.
They all saw the same price,
but it wasn't the intended price.
Got it.
So it started out on one item in particular
and then people noticed
that it was actually on lots of different items.
And it was always the price of $94 and 48 cents.
Right.
And then, so there's a forum
that a lot of these like deal seekers use
called slick deals.
Slick deals have been around forever actually.
You can get slick deals over there.
The slickest.
You know what's funny?
I'm gonna totally derail you here
because I'm rude like that.
We had thought about creating,
you know how Linus Tech Tips
doesn't have an award program.
Like we don't have like a-
Like a loyalty program.
No, no, no, no.
Not a rewards program.
We don't have an award program.
Like when we review something,
Oh yeah.
We won't be like four and a half stars out of five
recommend to buy.
And like, we don't have like a little badge
designed for that.
I just, I don't know.
It's always felt kind of silly to me and we don't do it.
But we had considered doing one at one point
just because we had the best possible names
for what the awards would be.
So Luke and I were each gonna have separate ones
and it was gonna be-
I can already imagine.
There was gonna be this list, okay?
Linus's likes with like a thumbs up,
like modeled after a Facebook style thing
and then slick's deals.
Oh, that's pretty good.
So we figured like, okay,
if we were gonna have an award program,
it would have to be cringy like that
but then we just kind of never got it off the ground.
Anyway, carry on.
Yes, slick deals.
It's a website for deals.
Yeah, they posted on the forum there
and then it kind of spread
and lots of people got in on it.
Apparently a lot of people made orders
and some people's orders have been fulfilled.
So some people realize that they are getting slick deals
and tried to make the best of it.
Like there was this one guy,
he bought like $10,000 worth of stuff
for $900 worth of real money.
And then some of it got actually delivered to him
but what happened was Amazon itself
with a completely separate system flagged his credit card
because they thought someone was using it maliciously,
like just you've never bought 10 cameras before
so they shut it down.
So only some of the stuff in his cart.
I think maybe he did one order
and then he made a new cart
and then that one didn't get fulfilled.
So he got kind of stymied for a different reason
but yeah, some people got off with a ton of sweet gear.
So there's things like Sony A6000 kits,
A6500s, 10 to 18 millimeter bundle,
a $2,000 Sony A7 body, Sony A9, all of this stuff.
Apparently there was like a $13,000 big,
one of those giant lenses that people use
to zoom in on birds.
All of this stuff for like $94.
Holy crap.
I mean, to be clear though,
the person talking about the $13,000 lens wrote that,
oh no, another member wrote regarding their Canon EF,
oh no, this is 800 millimeter, yep.
Waiting for the cancellation
but that's like 99% off.
Others reported that they successfully price matched gear
at retailers like Best Buy and Walmart.
That's crazy.
So.
That is crazy
because I have seen other times where on,
I think it was like a Boxing Day thing.
Yeah.
Where someone had a crazy deal
and then the other local retailers just said,
no, we're not doing it, it's too crazy.
Yeah.
They wouldn't order, they wouldn't match it
even though it was their policy.
So going back to my days as a product manager
at an online retailer,
one of my big mistakes early on in my career
as a product manager was actually on a Mountain Mods case.
I remember it pretty well.
And I was pretty new to the product management team.
I only had,
basically the only product lines
that I was allowed to handle
were the ones that were not really worth anyone else's time.
Like they were either very high touch.
So very, very time consuming
with a lot of like nitpicky stupid crap
or very low margin or like completely deadlines
that someone else had like just abandoned
and just didn't feel like dealing with anymore.
So they just kind of got shed over to me.
That's how you get baptized in fire.
Pretty much.
Like I started out trying to make a name for myself
with water cooling and like weird fringe vendors
and Mountain Mods was one of them.
So here, I'm just gonna switch over to my screen here.
So Mountain Mods actually still exists.
And it's really funny that Case Labs made so much noise
about how their designs got ripped off by Thermaltake
because to my knowledge,
now I could be wrong, correct me in the chat,
but as far as I know,
Mountain Mods has been around a heck of a lot longer
than Case Labs.
And they are the original cube case.
I feel like if there's some kind of like tech,
like the force, like Star Wars force,
you can sense all the keyboards around the world clacking
right now to try and investigate this for us.
Someone's gonna have an answer.
I know, right?
So Mountain Mods,
it was one of their ascension cases, I think.
Basically, they're like kind of a modular case maker.
And the big problem for them
was that their shipping prices into Canada
sucked donkey balls.
So any Canadians that wanted to buy a Mountain Mods case
couldn't really get one at a reasonable price
because they're already super expensive
because they're made in the US still, to my knowledge,
including the actual metal fabrication and powder coating.
It looks heavy.
And they are heavily kind of customizable.
They're actually not that heavy, they're aluminum.
So they're heavily customizable.
They're big and they ship pre-assembled.
So they're like fricking huge.
And all the accessories are like super expensive
and there's all these different options.
And shipping cross border was a little bit tougher back then.
Man, their site still sucks.
Okay, there we go.
Okay, so let's just grab like a U2 UFO
is kind of like their OG case.
It's changed a lot over the years,
but I'm willing to bet the pictures on here
are from like the N-Force 2 days.
Like it really wouldn't surprise me.
Look how slow this fricking site is.
Though you guys might be love-hugging it right now.
What does that mean?
Love-hugging it?
Like I bring it up and then everyone like goes
to their site just to like check it out.
And it's not used to that kind of traffic
because they're this super weird little niche vendor.
So anyway, yeah, these are like 360 to $400 cases.
And as soon as you start adding some accessories,
like a dual power supply mount or like a fancy grill
for your radiator or whatever the case may be,
they get really expensive.
And part of the other problem with them
is that because they're highly customizable.
So when you click on one of the cases,
you'll have all these different options
for like different motherboard trays
and different drive mounts
and all that kind of crazy stuff.
It was a really, really challenging,
I'm finally bringing it back.
It was a really challenging line for me to manage
because unlike a Corsair case where it's like,
this is a 580X.
It comes with all the things a 580X comes with
and is compatible with the things a 580X is compatible with.
I had to kind of pre-make the decision for our customers,
what color, what finish of that color,
what mounting options in order to kind of try to have
something that is pre-configured in our warehouse
that makes sense.
And if I made a bad gamble,
like if I decided that we wanted UV orange acrylic windows,
then if we were stuck with dead stock of that,
I had to go rip all those UV orange ones,
order some clear ones, put them on myself.
Like no one was gonna help me with this crap
cause they all thought it was a total waste of time.
Ultimately carrying mountain mods
was actually a total waste of time.
We didn't end up making a ton of money on it,
but you know, we tried.
We tried.
And they're cool guys.
Like just to be clear, I actually had mountain mods
even after we weren't really buying cases from them anymore.
I had them powder coat my case for my personal rig
because I just absolutely love their powder coat finish.
It's just, it's fantastic.
Was that available to everybody?
You could just send yours in
and they would finish it and send it back?
I have no idea.
They did it for you.
They did it for me though.
Nice.
Hey, I'm all about working the angles man, you know that.
I was just like, hey, so if I like disassemble,
I don't like your cases that much.
I like my case, but I really like your paint finish.
Can I send it to you?
And they did it for me.
It looks beautiful to this day.
I actually still have that case in mothballs
in case I ever don't have like a rack mounted gaming machine.
I'll probably go back to it.
Now, can you speak to the other side of this issue
in terms of when we see this
and like the spin that all these articles have
is that this was a cool freak occurrence
where you could get this stuff super cheap,
which is amazing for anyone involved
who got to be there and got to buy stuff super cheap
and anyone who missed out is super regretful.
Okay.
But no one talks about the perspective of the retailer
who was like, man, we just lost a lot of money.
This was a $500 case, Canadian, our cost.
Cause the US dollar was actually quite a bit stronger
against the Canadian dollar at that point in time.
So what happened was I wanted to price it
and I think I was even trying to blow them out.
Like I was trying to get rid of them.
So I had them at, I think 499.99 or something like that.
So you're just trying to break even and liquidate these.
I'm just trying to flip them.
So I accidentally put a decimal in the wrong place.
Now it's funny.
We actually ended up developing a system
later on down the line that would highlight red,
highlight yellow and then highlight red.
Anything that was marked 10 or 20, like some percentage.
I think it was yellow if it was below cost
and then red if it was significantly below our cost.
So if it's abnormal it can fly in.
So that you'll visually see it on your sheet
and you can go do a manual double check.
But that system didn't exist up until that time.
They called it the Linus system.
Yeah, everyone else who had worked there before that
just never made boneheaded entry errors.
But anyway, I accidentally entered 49.999.
And the system did manage to auto correct
that I had an extra destiny.
It truncated the extra nine and then it was 50 bucks.
And it was 50 bucks for a $500 case.
Now, because it was such a weird niche item,
like if we had accidentally priced a hard drive
or a CPU or something like that.
Or a high volume, high demand.
A high volume item at 10% of the price,
we would have noticed immediately
because like our servers would have gone down.
Oh no.
We would have had 10,000 people on the site
trying to order that frigging thing.
So you're saying this was a silent killer
and no one noticed for weeks.
No, no, we noticed the next day
because every order at NCIX at that time
was actually like the credit card processing
was manually reviewed by a team of people.
So they went through, brought it to the CEO,
instead of coming and talking to me about it,
thanks, Dr. No, you know who you are.
Brought it straight to the CEO
instead of coming and talking to me about it first
and was like, hey, what's up with this?
We're losing $450 an order on this item.
What is this?
Does this seem like sound business to you?
So I get, so here's kind of the dark,
you know, the other side of this.
So I get called into the president's office.
I am a very junior product manager at this point.
I probably haven't made $5,000 for the company at this point
and we've got 10 orders.
Oh, really?
Well, it wasn't nearly as bad as it could have been
because someone actually had seen it the night before
and pulled it out of the sale.
And I don't even know if we had 10 units in stock,
but basically it was five grand,
which to me, to a lot of people,
I think is a lot of money, right?
$5,000, a lot of money?
Sure.
And he kind of, it's almost like sit down.
He's like, oh boy.
And he goes, so here's what, here's the situation.
What are we going to do about this?
And I was like, why are you asking me?
I don't know.
What are we gonna do about this?
And I was like, I'll call them and I'll explain.
I'm sorry, we can't do that, our bad.
And he's like, no, we're gonna honor it.
We're gonna eat it this time,
but that's your training budget for the year.
Don't do it again.
And I kind of went, so.
So even if you didn't have 10 in stock,
say you had seven in stock,
you ordered the other three and fulfilled them.
Those ones could have been easily canceled.
If I recall correctly, the ones we didn't have in stock,
we canceled the orders,
but the ones that we did have in stock, we ate it.
So I think we had close to however many we sold.
And apparently this gear was being sold
and shipped by Amazon.
So I actually would have been Amazon and eating this
and an Amazon employee getting the talk like that you had.
So I guess here is, you'll hear a lot of people
talk about these kinds of pricing errors
from a very, I would say selfish perspective.
They'll say, well, yeah,
maybe you shouldn't have made that mistake then.
To which I would respond, okay, what's your job?
Are you a, I don't know, are you a construction worker?
Are you a dry waller?
Are you a chef?
Are you a, you know, whatever, whatever it is.
If you were to make a mistake that's that easy to make,
if you were to put a nail into the wrong spot,
remember you are just a cog in the machine.
I'm not saying that you run the company
because in our case,
the CEO was in a position to make a decision like,
let's lose $5,000 today, you know?
So you're just a cog in the machine.
If you were to put a nail in the wrong spot,
three inches to the right,
should you just lose $5,000?
I'm talking about the triviality of the error that was made
and the total consequences.
So, you know, on the one hand, yes,
advertising a false price is bad.
And actually in many cases, illegal.
But in this case,
I would argue that in some ways, the consumer,
knowing that that price is obviously not correct
and predatorially ordering something
is not in the right either.
Even though their action is completely legal,
I would say it is not really ethical.
Sure, but everyone knows that,
everyone throws down this term of late stage capitalism.
Capitalism is great.
It's the most successful distribution,
like wealth distribution system we've ever invented.
But there are some dark sides of it
that result in oligopolies and all sorts of other things
and silo-willing of wealth and stuff like that.
And I think because those dark sides of capitalism exist,
when things like this happen in favor of a consumer,
I'm kind of just like, yeah, today it worked for me.
You know?
Do two wrongs make a right?
I mean, that becomes, I think,
a bigger debate at a certain point.
Do you think there's anyone who benefited from this sale
who would go, ah, you know what?
Cancel the order.
I don't deserve this $5,000 camera.
Well, I think they would say, yeah, go ahead.
Well, okay.
I think it takes a particular type of person to go
and like, again, when I talk about being predatory,
I'm not talking about ordering the $500 camera for $100.
That's maybe believable.
You might not even look that closely at it.
You might think it's a B stock one that has-
The $13,000 lens for $94.
Yeah, or going and placing six or seven separate orders,
trying to get as many of them as you can.
Like, ultimately, that is, it's not stealing
because someone is voluntarily giving it to you,
but I'm gonna go ahead,
I'm gonna say something super controversial,
and I'm gonna say, by the same logic,
you know, the settlers here in North America
didn't steal land from the Native Americans then
because they, in many cases, gave it up voluntarily,
not realizing or understanding
what the deal they were making was.
Like, I would make the argument that that retailer
or that provider of product didn't know
that that was what was happening,
and that's clearly predatory.
Well, it's a little different
because this is probably an error,
but as a parent, if you found out that your kid
was one such person, they got the $13,000 lens for 95.
Oh, I'd make them return it.
You would have a talk and do it and make them return it.
Yep.
Interesting.
Sucks to be your kids.
Is there a line where, like, okay,
if they get the $500 one for $100,
that's kinda justifiable.
Yeah, to me, it's believable.
If they get one that's like $2,000 for $100,
you're making them return it,
but if they get something extreme that you're like,
okay, don't tell anybody, that's crazy, you just keep it.
Like, if they find a duffel bag of like a billion dollars,
several dollar truck,
if they find like a duffel bag of money
that's like $3 million in it,
you're like, okay, just don't tell anybody,
let's just move.
See, that's the thing.
Okay, it's still unethical,
but if I found a duffel bag of money on the street,
I've actually thought about this.
I have theorycrafted this for myself.
If I found a duffel bag of money on the street,
I'm gonna use an arbitrary number,
but let's say it has $5 million in it.
And I'm talking Canadian rupees.
So it's not like, you know what?
No, let's say 5 million US.
Okay, 5 million US dollars.
Now, my first instinct-
Wait a second.
Yeah.
Can we just,
then you have to fence US dollars to Canadian and stuff.
Can we just make it whatever your home currency is?
You find a bunch of money.
Okay, fine.
You find 5 million US dollars equivalent
in your home currency.
So for us, that's about 6.5 million dollars.
Okay, we good?
Sure.
All right, we can go forward now.
Thank you. Thank you very much.
So, okay, I find $5 million in a bag.
Now, my first instinct is actually fear.
Yeah, sure.
Why is this here? Who's watching it?
You know, I open it because I'm like,
you know, let's say I open it
because I'm earnestly trying to return it to the owner,
right?
And I open it and I'm like, holy crap, it's full of money.
There's no identifying information in it whatsoever, right?
So you are supposed to turn it into the police.
That's what you're supposed to do.
Is that a law?
I believe so, yes.
You have to give it to them to give whoever lost it
some reasonable amount of time to claim it.
And then after that, I believe theoretically,
it's supposed to be forfeited back to you.
But I think in the cases of very valuable
or very large sums of cash,
that might not necessarily be the case.
And it might just go to the crown.
Well, you can be relatively sure
that it's laundered money or dirty money anyway.
You can be relatively sure of that, yes.
So with that in mind, even though it's unethical,
I thought about this actually.
Like on a plane ride or something?
I'm pretty sure my course of action,
I was like lying awake one night, I couldn't sleep.
And I was like, I don't remember why it came up,
but it doesn't matter.
It doesn't matter.
The point is, I'm pretty sure this is what I do.
I would take it home and I would bury it somewhere.
I would just bury it.
And I would wait for some very long period of time.
If someone came looking for it, I'd wanna have it all
because I don't know who's showing up for it.
Could be cops, could be drug dealers,
could be human traffickers, no idea.
But whoever they are,
I want some kind of credible, plausible deniability story
about how I was keeping it safe
and trying to get in touch with whoever owned it.
Here you go, go away, please never talk to me again.
You probably get beat up, but they might-
But they might not kill me.
Yeah, okay.
So after some period of time, let's say 18 months,
two years, I'd keep it.
I'd keep it.
It would be unethical and I would know it's unethical,
but given who the victim was,
we're not talking some random blue collar worker
who's just trying to do their job.
We're talking probably drug dealers
and human traffickers or whatever.
We're gonna have $5 million in a duffel bag.
There's no legitimate reason for that to exist.
Given who the victim is, yeah.
It's good.
I don't care.
It's a good plan.
I like it.
I know that I would go to my house first.
I might just drive around.
I don't know.
Okay, you know what?
Actually, I'm not gonna be like,
oh, now that you say that, yes, I did think of that.
I actually did.
I had considered that.
I would wanna make sure I didn't have a tail,
but I would end up at my house eventually
and I would bury it at my house.
Would you pick it up right away
or would you just go and sit down at a bench
within eyeshot for a while and watch it?
Oh, I would pick it up right away.
I'd pick it up right away for sure,
but then what I would do is I would pick it up right away
and I would wait nearby with it.
So that way, if someone were to show up
and I'd be sitting on my phone or something,
if someone were to show up, I'd be like,
oh, yeah, I totally noticed that this was very weird
and I was looking in the news to see
who it might go back to and I was about to call the police.
Here you go.
We're super cool, right?
Bye.
I would pretend that I was at least
making some kind of effort.
Just naive.
Just don't kill me.
Playing dumb, yeah, just don't kill me.
Playing dumb is not a bad bet.
Well.
How did we get on this topic?
You got one of those cameras.
I say keep it.
You're a good person.
I remember when I was in university
when terabyte hard drives were first coming out,
there was an error like that.
I forget what company it was,
but they were going for like 60 bucks
or something like that, which was a steal at the time
and I regretted not being able to cash in on it.
Okay, but remember too, that's 60 bucks.
It's somewhat credible.
And besides, there's a difference
between ordering one and ordering 20.
So actually-
Yeah, one's smarter.
So pricing errors would happen fairly often at NCIX
and I can tell you right now,
if you're the guy that orders one,
we were far more likely to let it go
and if you were the guy that orders 10,
we were far more likely to tell you to go
cram it up your butt.
You get nothing.
Because the thing that you gotta understand
is in any case like this, it's always a judgment call
and they're gonna make a decision case by case basis.
How much was this our fault?
How much is our total overall loss?
How much of a complete a-hole
is this particular individual being about it?
Like if someone came to us and was like threatening to-
Am I supposed to drink out of this?
You can if you want, it's yours.
Is it good?
Well, it's not mine.
Oh, it's brand new.
Oh yeah, right.
We're launching a new-
Oh, there's ice in here too.
New water bottle.
There's ice in this.
Yeah.
They don't come with ice.
Yeah, they don't come with ice.
They don't come with bath water either, thankfully.
So this is the new limited edition.
I don't know, we might make more of them.
You never know, but we didn't do that many of them
but this is the Stealth Linus Tech Tips water bottle.
So gone is the orange logo.
In is the matte black logo.
Well, it's actually kind of a glossy black
but the whole thing's kind of a matte.
Oh, this is the design that I was like, yeah, do this one.
Yeah.
Sweet.
So we decided to do both.
That's good.
But we did the orange one first
and then we just had them.
The orange ones are selling so well
that we were like, okay, let's do more orange ones.
And what the hay, let's do a Stealth one too.
So lttstore.com.
You guys are gonna wanna check that out.
It's the same price as the other one.
I like Stealth.
Yeah.
And there's a deal.
Oh, right.
And there's a deal.
A bundle.
I forgot about that.
So this week is the Stealth bundle.
I don't have to actually give them an offer code.
Do I, Nick?
It's automatically applied.
Automatically applied.
So all you gotta do is scroll right past the underwear.
Or don't.
And buy that too.
Yeah, or buy that too.
And go ahead and add to the cart
the Stealth hoodie in your size of choice.
God damn it.
How cute is Colton?
Isn't he?
The Stealth water bottle.
Which we'll have pictures later.
Which we'll have pictures shortly,
but it looks like this.
You guys saw it.
And the LTT hat in black.
Which I love.
And bippity boppity.
Well, that wasn't what I meant to do.
Boom.
You get the hat for free.
So there's no indication that this bundle exists
until you make it yourself in your cart.
You have to be here to know about it.
You might call it a Stealth bundle.
Oh.
Oh.
Hey.
That's so sweet.
But yeah, it's automatically applied to your cart.
Yep, so it'll automatically apply to your cart.
So guys, oh, what the heck?
Dang it.
You guys should try to put other things in your cart
and see what happens.
Oh.
You never know.
Merch might just show up at your house.
My stupid kids.
They play with my,
they play with the strings on my hoods.
They pull them out.
See, even though it's, no, there's a knot in it.
So it's not gonna come out easily,
but they're always screwing around.
See, we have preventative measures for this.
I know.
We thought of this in the design.
But they like-
Your kids foiled you.
They work hard at it.
I don't have a red hat.
I only have the black one, so this one's pretty nice.
Anyway, so yeah, it's the hoodie
that I'm wearing right now,
which can be configured with the strings even,
but your mileage may vary on that.
So this one with the phone pocket and the-
Does it have a water bottle pocket?
Does not have a water bottle.
Where the heck's my phone?
I don't know where my phone is.
I mean, yeah, you could put a water bottle.
It does have a water bottle pocket.
Yeah, so it's got the phone pocket.
I wouldn't actually recommend putting a water bottle.
That'll stretch it.
This is my hoodie.
I'll just put it with my hoodie.
So it's this one.
It's the black on black hat,
and it's the black on black water bottle.
Add all those to your cart,
and you will get $20 off,
which is basically the price of the hat.
And so it's kind of like getting a free hat.
It's so like unusual that I love this hat
because usually when I try on a hat,
for some reason, I don't know if it's my head shape
or whatever, but I get these weird creases
like right here and here.
These ones, they're just perfect.
Great for covering up your greasy hair,
which is most of the week.
My hair's actually not that bad today.
Most of the week for me.
I'm going with my hair today.
I'm not much of a hat guy every day,
but I burn in about eight minutes outside,
so I actually do wear it like always.
When I wear that hat and a hoodie,
my wife says that I look like I'm from Abbotsford.
From Abbotsford?
What does that even mean?
Well, as opposed to Vancouver, I guess.
I don't know.
Neuralink.
Hey, what's this other shirt you have on?
Oh, right, LTX.
Okay, are we doing sponsors?
Let's do, you know what?
I thought we were.
Let's do sponsors now.
LTX 2019, baby.
It's gonna be flipping sick.
This is my staff shirt.
Woo!
I got staff.
Really excited.
I mean, look, if we're pimping everything,
I might as well just be like, yep, yep.
We've got the underwear now, too.
Yeah!
I actually got our first customer feedback
on the underwear already.
Oh, yeah?
Yeah, someone tagged me in a status update on the forum.
Crotch is too tight.
And, yeah, sure.
Yeah, sure, James.
Yeah, they messaged me on the forum.
They were like, wow, I can't believe I got it so fast.
Oh, that's great.
Because we launched it a couple days ago.
They got it yesterday.
So they got it basically immediately.
Where were they located?
They were like, yeah, I'm actually not sure.
And I couldn't share that information anyway,
but I guess I could if it was vague enough.
Yeah, I don't know.
I don't know where they located it.
Like in Canada, in the US?
No idea.
But they got it already,
and they're ordering two more packs.
They're like, yeah, I love it.
That's saying a lot.
Having nine pairs of underwear,
that's probably gonna be half
of this person's whole repertoire of underwear.
Yeah, I mean, if they do weekly laundry,
maybe their whole one.
And, yeah, they were just like,
yeah, I ordered one as a test,
and I'm ordering two more.
They're freaking awesome, love them.
And that's saying a lot,
especially when you consider that they're $50 US
for three packs, or excuse me, for three pairs.
That's not exorbitant.
Well, okay, it's US.
It depends what you're used to.
It's US dollars.
There are lots.
Speaking of Canadian dollars,
which I feel like buying power-wise is probably the same.
Like if you're in the US and you buy $20 underwear,
it probably hurts you the same as $20 underwear in Canada.
If you find good underwear that's $22,
that's like a good deal,
because there's a lot of boxers
that think they should be worth $35.
It depends what you're used to,
because if you're like a Lululemon shopper-
Boo, yeah, my whole drawer, before the Linus.
Yeah, $22 underwear probably doesn't shock you.
Whereas the Lululemon ones are $22 or $25.
That's why they're so wicked.
But if you're a Hanes shopper,
and you buy a 30-pack of underwear for 10 bucks
at Costco or whatever- You can't get that.
Look- Even the cheap brands are more.
I'm exaggerating, I'm exaggerating.
I'm just saying, if you buy Acme palette of underwear-
What are they actually?
They're like $6 a pair?
I have no idea.
The last time I bought underwear was,
my wife buys my underwear.
I don't know how much underwear costs.
All I know is what I did
in terms of price comparison for these.
And the material quality is more comparable
to your $25 to $35 per pair underwear.
And our pricing is more like 15,
yeah, $16 a pair, $16 and a half dollars a pair.
So I feel like, yes, they're expensive,
but also they're not unreasonable.
And it's part of it is just,
the brand that we're trying to build for the merch
is like, look, it's unapologetically not cheap,
but it's also not basic.
Like it's nice, you'll like it.
I'm trying it on-
How much does underwear cost?
I typed underwear on Costco.com,
and the first thing that comes up is depends.
Your screen's not sharing with me for some reason.
Oh wait, you're using your laptop
instead of the second stream laptop.
I didn't even know that that laptop,
that the second stream laptop can share.
Oh yeah, it can.
Here we go, $15 for Champion men's boxer briefs, five pack.
Okay, so $3 a pair.
So that's really cheap.
That's cheap.
We are literally five to six times the price of that.
Wow, that train is really loud when the bays open, isn't it?
That is fantastic.
That's your underwear rolling out to a mailbox near you.
Do people like the underwear colors?
Are there any colors that people would like to see?
Do we know that yet?
I have no idea. Hit us up in the chat.
Yeah, we're waiting to hear back from people.
People are complaining about the lag.
Guys, we got nothing to do to help you.
Twitch.tv slash Linus Tech.
Our stream is fine.
YouTube is dropping all the frames.
We don't know what to tell you guys.
We got to make some pink underwear at some point.
We should use holiday underwear, Christmas pattern.
Love the awesome.
The minimum order quantities for underwear are really high.
Really?
Yeah, so doing just like a whole bunch of different patterns
and stuff is maybe not on the roadmap anytime soon.
We got to do Christmas.
We'll see how it goes.
We'll see how it goes.
The nice thing about Christmas undies is you can,
if you have leftover product,
just put it in the attic for a year
and bring it out next year.
So guys, a few more things, LTX.
It is next Saturday and Sunday,
not this like tomorrow Saturday, next Saturday and Sunday.
There's going to be 3000 plus people a day.
It's going to be freaking awesome.
It's going to be insane.
It's going to be almost 600 people at the BYOC land.
We've got tons of stuff to do.
I'm going to bring up the map for anyone who's not sure
if they should attend or not.
So many YouTubers?
Here it is.
There are so many creators there.
How many, like 25?
LTX, Twitter.
There's a lot.
I'm in charge of the main stage.
We've got panels going all day
with all sorts of different creators.
Some you know, some you may not know,
and you want to know.
Attendee info.
We, yeah, we showed it.
So here's our featured creators.
Linus Tech Tips, Austin Evans, Jay's Two Cents,
Strange Parts, Hardware Canucks, Paul's Hardware,
Gamer's Nexus, Barnacles, Snazzy Q, LowSpec Gamer,
Science Studio, Tech Deals, Level One Techs,
Oztalks Hardware, Christopher Ye, Der Bower,
EposVox, Nerd on a Budget, Akbakuku, Coalition Gaming,
Luna Lyric, David Amell, Pedro from PCMR Subreddit,
of all things.
Both are Pedro.
Stacey Roy and Steve Aurelien.
I think that's actually exactly 25.
Nice.
We went all freaking out.
So if you want to meet any of those people
or like realistically, most of them.
Yeah.
Come to LTX.
And not even meet, but like hang out.
Yep.
It should be great.
Get to meet each of those people for a solid 10 minutes.
Well, I don't want to make commitments on that path.
Okay.
I'm thinking about past LTX.
You can talk to James for 10 minutes if you want.
I'm busy, man.
You can come to the main stage area and heckle me.
I'll yell at you.
Yeah, no, it's going to be great guys.
It's going to be a blast.
There's still some tickets available.
Not many.
Get out here though.
Yeah.
You can Airbnb at my place.
We'll have LTT store merch for sale.
30 exclusive items up for silent auction
with proceeds going to extra life.
Memory Express will be there selling gear on site.
So if you need a spare part or you want to buy a CPU
and delit it in the CPU delitting booth, that'll be sick.
VR RC cars is going to be sick.
Jake's got four cars up and running.
And instead of doing a race,
we're actually doing more like a first person
like treasure hunt.
So you have to go around and search for clues.
Is this even, is that even known?
I don't think so.
Quiet.
Oh, shh.
Also the main stage schedule will be here soon.
And so we'll be sharing that.
We're going to play Family Feud.
Yeah, that'll be fun.
It's going to be so sweet.
Wait, am I allowed to show this?
Oh yeah, I can just show this.
Cool.
There you go guys.
So we're going to have a bunch of panels,
PC do's and don'ts with hardware connects,
level one techs and Jake.
What the hell is going on?
What?
This better be a new merch item.
It's not going to work.
Oh, he just nailed the shelf.
Can I help you guys?
Is this a, is this to do with LTX?
No, no, no.
Come over here.
Yeah, I mean, you can't have us like react to this
and not show people what's going on.
It's B roll.
This is Linus media group.
Bunny roll.
Yeah.
Bunny roll indeed.
It's bunny roll.
Show them your tails.
Uh, no, this isn't that kind of program.
Well, Nick thinks it is.
Nick is cute.
David's over there wearing nothing but a trench coat.
Yeah, he's wearing a, uh, a flasher, flasher coat.
Exhibitionist costume.
I don't know what these guys are doing.
Colton doesn't even have a tail.
That's weak.
You don't sound stoked for Family Feud.
That's going to be so sweet.
I have never watched Family Feud
and I don't quite know what it is.
Okay.
So that's the survey sense.
We did a survey.
Yeah.
So we're going to have best processor to pick in 2019
with Austin Evans, Jay's two cents
and our very own Anthony.
We're going to have running a YouTube business.
The early years.
I'll be up there.
Strange parts, EPOS VOX,
Q and A with LMG part one creative and part two business.
We'll have different members of our team chatting.
We're going to do PC versus Mac with Luke,
Snazzy Labs and Gamers Nexus.
That'll be fun.
Budget versus performance with Linus Tech Tips,
tech deals and Pedro from PCMR.
It's going to be freaking awesome guys.
Don't miss it.
If you don't absolutely have to.
You can catch the panels by the way,
if you just tune in on float plane.
So we're going to have those available on float plane.
Also float plane pricing for Linus Tech Tips
will be going up soon.
We finally got our pricing tiers figured out.
So it's going to go up to five bucks.
However, we are going to grandfather or grandmother,
equal grand person, grand person.
We're going to grand person in,
anyone who is already subscribed.
So you're going to want to get over there pretty quick.
So.
Should I subscribe now?
We've got a number.
Is it free forever for me?
I don't even have an account.
I don't know how staff accounts work to be honest with you.
Yeah.
Can we, can we do?
Oh yeah.
Actual sponsor stuff.
Yeah, actual sponsor stuff.
Holy cow.
New sponsor, Bench.
Not that Bench, different Bench.
What Bench are you talking about?
Like, like the, the apparel brand.
Like Bench.
Yeah, like that Bench.
It's not Bench.
No, no Bench allows you to run your business
and let Bench do your bookkeeping.
They're North American online bookkeeping service
and they're partnered with a dedicated team of bookkeepers.
You can automatically import your transactions
from your bank and merchant processors.
They'll do accurate end of month financial statements
for your business.
They'll try.
You can track your financials through the Bench app
available on your iPhone or web browser.
And they've got unlimited support at any time.
Visual reports allow you to quickly see
how your business is performing.
And at the end of the year,
you'll get a financial package that allows you
to easily complete your taxes accurately.
The bottom line is when best small business owners
outsource their bookkeeping to Bench,
they get more time to focus on running their business.
So check them out at lmg.gg slash Bench
and you can get 20% off your first six months
of bookkeeping.
And you can use that money to shop online with Honey.
Honey.
Join honey.com slash Linus.
Honey is the free shopping tool
that finds the best promo codes
whenever you shop online at supported sites
like, you might've heard of them,
Amazon, eBay, Newegg, Razor, Best Buy, Walmart.
So many random ones too.
And more.
Yeah, just tons of them.
Well, we did the catalog for our BAMP trip
and the photo book.
Yeah.
I got like a third of the price off.
Really?
I've saved so much money.
I barely internet shop.
It actually works.
So Honey gets a small commission from the sites
where Honey saves you money.
It's free to install and installs in just two clicks.
So it's free forever.
There you go.
There's a note in here about like specific people
who work here who have saved money.
You're not in there, but you have too.
So get Honey for free at join honey.com slash Linus.
Finally, with all that cool stuff that you buy with Honey,
if you wanna like make an online store or something,
use Squarespace.
Squarespace's award-winning templates
allow you to build a beautiful website without the hassle.
They're all in one platform,
makes it easy to get up and running quickly.
And if you ever need additional help,
Squarespace has got you covered.
They offer webinars, a full series of help guides,
or you can contact their 24 seven support
via live chat and email.
If you've already got a third party domain,
you don't have to give it up,
just transfer it over to Squarespace.
And they've got tons of great tools
to make your life easier,
including their e-commerce features
that help you sell merch or services online
and easily manage your inventory and orders.
So go to squarespace.com slash wan
and get 10% off your first purchase.
There's another Nintendo Switch.
There's another Nintendo Switch, but also there isn't.
It's the same Nintendo Switch, but different.
If you buy a Nintendo Switch now.
Yes.
Or hold on, is it now?
No, it's in mid August.
Mid August.
If in mid August you buy a Nintendo Switch
and a past version of you in the present now
buys a Nintendo Switch,
you will have bought two different Nintendo Switches.
Yes.
Unless you get old stock
and the future you gets old stock and then that's a bummer.
So you're in mid August buying a Nintendo Switch.
That Switch happens to have been on the shelf
since at least today.
Yes.
That sucks because the new ones
are gonna have improved battery life.
Pretty significantly improved.
The current ones that are on shelves right now,
they claim battery life of two and a half
to six and a half hours, which is a big range,
but it goes from pretty decent to like,
depending on the game and how hot it is
and all sorts of stuff.
The new ones are gonna have 4.5 to nine hours.
So that's like on the low end of the new Switches,
the lowest end according to this claim
is like in the 66th percentile of the old ones.
Yeah.
That's pretty good.
And you're not gonna pay anything more for that.
That's just gonna be the new standard Switch.
So the word on the street,
if you hang out on sites that really follow
like Silicon news closely,
is that this is because they had to do,
like basically they were just doing a new spin
cause they needed to move to a new process
or they needed it for the Switch Lite
or something like that.
And since they were doing it anyway,
they might as well just put it in the full size Switch
and then they can have better battery life.
Like basically it's a power consumption decreasing move
that they've done here.
It's not a different battery.
Yeah, it's not a different battery.
They have altered the power consumption of the processor
in the Nintendo Switch.
So they figured out what the,
hey, we're doing it anyway.
We might as well put it in the Switch.
The product model number doesn't even change.
This will have better battery life
even than the Switch Lite.
Yeah.
Which has better battery life than the old one.
Well, I would think then just for the,
cause the Switch Lite is small.
So I would think for the full size Switch,
they're just putting the same battery as the original one
and it just happens to be a bigger one than the Lite.
But they would have needed this more power efficient chip
in order to make the Switch Lite
have a reasonable battery life at all
while also being quite a bit smaller.
Right.
The rumor at this point is that an enhanced version
of the Switch targeted at avid gamers is also in production,
but Nintendo has not indicated
that this is the case as of yet.
With that said,
based on this new manufacturing process,
if they were to produce a more powerful chip
and target 2.5 to 6.5 hours of gameplay,
like the original Switch,
maybe they could do a Switch Pro or a Switch.
What do you think they would call it?
Wow.
Are there other Nintendo consoles
that have had iterations like that?
Pro monikers?
Have they ever done like a DS Pro?
Well, they did lots of different versions,
advanced with Game Boy and SP.
But what about on actual consoles, like a 64?
Yeah.
I mean, they did like a Super Nintendo.
That was a long time ago though.
Super Switch?
I doubt it.
Super Nintendo wasn't just an iteration.
That was a whole new release.
Yeah, but Nintendo's naming for things is so weird
because like one time that they have maintained
inter console compatibility
was with the Wii and the Wii U.
So what, Switch U?
But that was a complete failure.
Yeah, they'll never do that.
Yeah.
We don't say that anymore.
You know, if it was anyone else,
you know, I'd be like Switch GT,
like that would be a more conventional
North American thing to do.
Or like a Switch XT, you know,
like put a suffix on it.
Yeah, yeah, yeah.
But I can't see Nintendo doing that.
That's just not really...
They should just put another S,
the Switch, the double S.
S, okay.
I wouldn't put anything past them.
They named a console where you grab a thing like this
and wave it around the Wii.
Like, it's...
I've never heard anyone make that association.
Really?
Yeah.
You've never heard anyone make the association
between the Wii and a penis.
And saying Wii, like, together?
What?
No, I've never heard that.
No, no, no, not doing it together.
No, but you're saying...
I thought you meant, oh, Wii, like W-E-E.
Yeah.
Oh, no, I haven't heard that either.
Shut up.
Yes, you have.
I'm not joking.
I don't even believe you right now.
Man, I'm younger than you.
That's nuts.
I was like 14 when that came out.
And at 14, you weren't making pee and wiener jokes.
No.
No, you were above that.
You heard it here first, guys.
James has matured as a human being
in a very unusual fashion.
Do you see this?
Do you see this?
He started out with a very highbrow sense of humor.
And then he's degraded from there.
I know loud children.
I only have the shirt.
Do you think as a company, like,
does Nintendo have to get these old,
soon-to-be inferior switches off the shelves
before they can, like,
if you buy one before the new one comes out,
is there a period of time where you can exchange it,
like honoring the sale price?
So I think the store is just gonna end up eating it.
And they might send it back to Nintendo,
and Nintendo might have some kind of B stock
way to dump old inventory out.
Like, I'm sure this, it's not, I mean,
if there's anything they learned from the Wii U,
it's don't call something something you,
and how to get rid of dead stock.
So I'm sure they can figure it out.
But yeah, if I was a retailer
and I ended up taking back a bunch of
crappy battery life switches,
I would probably just send them back to Nintendo.
Be like, look, this is your problem.
If you want me to keep carrying your product,
I'm not eating these.
All right, Neurolink applies to the FDA for human trials.
So Neurolink, a company set up by Elon Musk
to explore ways to connect the human brain
to a computer interface has applied to US regulators
to start trialing its device on humans.
Okay, that sounds really click-baity.
So Neurolink is a...
You wrote it!
I copy pasted it.
It's a brain machine interface company
with the ultimate eventual goal of making an interface
that you can connect non-intrusively to the brain
so we can, you know, have hard drives for memory
and basically keep up with the machine.
Hopefully not hard drives.
Yes, yeah, just keep up with the AI
that's gonna make us their pets.
So be a cyborg.
But in Elon Musk fashion, he usually shoots for the moon
but makes a monetizable path to get there, right?
So if he wants to go to Mars, he starts doing...
He makes his own space shuttle
and then brings people just to the ISS
and makes money doing that
so he can finance the eventual trip to Mars
and research all the technology along the way.
So what they're doing with Neurolink is the same thing.
They're apparently, according to their claims,
they've already surpassed the state of the art
and they're trying to make these brain machine interfaces
that can help people like with Parkinson's
and other neurological diseases
just not have seizures anymore and stuff like that.
And then once they continue to do that,
eventually the technology will be good enough
that you and I don't need to use a keyboard
and mouse anymore.
So they showed off some of the aspects of their new tech,
which is the first device is called the N1.
And mostly the talk was a recruitment talk, kind of.
It was a conference, Elon wasn't the only one speaking there
as other people at the team.
They showed clips of different people at the team
with footage from their lab.
Apparently they have a hundred employees.
Really?
I thought it was like a team of like the 12 best experts
in the world, but there's like a hundred people there.
Wow, okay.
And it's super cool.
So what it is is basically a small chip,
like smaller than the size of your pinky fingernail.
And that goes just underneath the skull
in like a two millimeter wide incision.
It's such a small incision that you don't even need a stitch
when it's over.
They want the operation to be like getting LASIK eye surgery.
Yeah, kind of like that,
kind of like installing the chip in a Kingsman.
Didn't see it.
Oh, okay.
So attached to the chip is a bunch of these like probes,
but they're threads, okay?
They're not like the stuff that people buy today,
which is super expensive and brutal,
it would be like a spike that goes into your brain.
And instead they have these threads.
They're actually a 10th of the width of a human hair
and they go in and each one of them has electrodes in it.
And so it can receive signals from multiple neurons.
And then all those stars are connected to that chip.
That chip then communicates wirelessly
to a wearable that you put on your ear,
which in turn is connected via Bluetooth
to your smartphone.
I must be getting old
because this makes me very uncomfortable.
Oh, that's so cool.
And so you can actually wear more than one of these.
So normally this, like the state of the art
that they use before, like that spike,
you would just get one
and it'd be like super invasive and everything.
But these, because they're less invasive,
they could put, they want to aim for about four,
but they can put up to 10 in different brain centers
around your head and your hair can just grow back over them
and there's no cords coming from you.
So they're super discreet.
Yeah, and the thing that's super cool
is they've made this robot to do the surgery to put it on
because those threads are so fine and small,
smaller than a human hair.
This robot with this tiny, tiny needle
and this machine vision,
which can detect where your brain, your arteries are
and veins in your brain, where the blood is,
it can avoid those so it doesn't cause hemorrhaging
and it can just insert these threads at different places
and there's like a thousand threads
with like 3000 electrodes each.
Oh, and it does it like in an hour.
Crazy.
Yeah.
So I'm super surprised that they apparently have a product
that they apparently are gonna be trialing on humans
by apparently the end of 2020.
They tested it on a monkey
that was able to control a computer with its brain,
according to Mr. Musk.
That's not far fetched because there's videos
of monkeys controlling computers with their brains
like 12 years ago.
Right, but it just means that their system
like does something at the very least.
It's not just, you know, a Kickstarter.
Yeah.
Like here's a really thin thread.
We imagine at some point in the future,
it'll detect neural activity,
but for now it's just drilled into your brain.
Yeah, I think they have like the foremost experts.
They have a lot of young people.
A lot of people on video look like they're under 30.
Interesting.
Speaking of a lot of young people,
a lot of young people are getting off Facebook.
Okay, last one though, I gotta go.
This is the last one.
Oh.
Yeah, this is just the topics
that we highlighted at the beginning.
Oh.
Yeah, so I wanted to make sure we got through those.
We're not doing the Samsung Ram thing.
All right, so this was posted on the forum by Floofer.
Thanks, Floofer.
Love that name.
US regulators have approved a record $5 billion fine
on Facebook to settle an investigation
into data privacy violations related to allegations
that political consultancy Cambridge Analytica
properly obtained a date of up to 87 million Facebook users.
The sum amounts to around a quarter
of the company's yearly profit.
The investigation focused on whether Facebook
had violated a 2011 agreement under which it was required
to clearly notify users and gain express consent
to share their data.
If confirmed, it would be the largest fine ever levied
by the FTC on a tech company,
but it still needs to be finalized
by the Justice Department's Civil Division,
and it's unclear how long this may take.
Investors responded positively to the news.
Okay, hold on.
This is the most interesting part.
You'd think that the news of being like,
hey, you're gonna get fined $5 billion
would make your stock price go down,
but actually it made it go up 1.8%,
which totally makes sense because they knew
that this fine was coming down the pike for a long time.
They didn't know how much it was gonna be,
but Facebook did think that it was gonna be
in the neighborhood of 5 billion,
and Facebook did put apparently almost all that aside.
So the reason that the stock price would go up
is because now there's less uncertainty.
Right.
We don't know what additional measures and oversight
might be placed on the company or Mark Zuckerberg himself,
but I think what everyone wants to know
is where does the money go?
Like does everyone who had their information sold
get, could get compensated for it?
Apparently in cases like this,
it's the people affected don't get compensated.
The agency that does the investigation
isn't even the one who gets the money.
Usually it just goes to the US Treasury for general use.
So build a wall.
It just goes into the coffers.
Yeah.
Sure.
Do you think that,
some people think that this is not enough money.
It's a slap on the wrist.
It's not enough to make a dent or make them care.
It is 20% of a year's profits, not gross revenue, profits.
Yeah, so I actually,
I have a bit of a different take on that.
I think that a fine of 20% of a company's profit
for the year is much more than a slap on the wrist.
I mean, I think it's very easy for people to say,
well, Facebook doesn't care
because they're gonna make four times that much this year.
But I mean, if I told you that,
you know, you did a really bad thing
driving that far over the speed limit.
I'm finding you a quarter of your salary for the year.
You'd probably be pretty bummed.
Yeah, the other part of it is they have competitors.
All of their competitors are, you know,
everyone's making as much as they can
and allocating as much as they can to the future
to grow more in the future.
So if you didn't plan for that 20%,
that inhibits your ability to grow as much as you want it to
and then gives your competitors a leg up.
And the other thing to remember
is that this is just one country
that has assessed this 20% of Facebook's
global annual profit fine.
There's nothing to say that they won't get hit by,
and you know what,
this Cambridge Analytica one specifically, maybe not.
But there's nothing to say
that in the event of some kind of a scandal like this,
that they won't get hit then by the EU,
and then by Canada, then by someone else.
And at the end of the day,
you know, yeah, Facebook is gonna continue
to make a lot of money, a ton of money,
but I don't personally buy that 20% of your annual profit
is like a slap on the wrist.
If we got, like, okay,
if we got fined 20% of our annual profit,
I can tell you as a business owner, that would sting.
That would affect our budgeting.
That would affect our future plans
on our expansion and our growth,
especially because this is sort of a Pandora's box.
Now that I've been fined $5 billion once,
I'm certainly at that amount, 20% of my profit,
I am certainly trying to figure out
how to not get hit by that next year.
So if people are saying, look, this is not a deterrent,
I think that's hogwash.
You think Facebook wants 20% of their profit
wiped out every year?
That's not gonna help their stock price.
I think it's interesting that given that it just goes
to the US Treasury for general use,
it almost gives the government an incentive
to make these fines go through.
That's kind of weird.
Yeah, government fines are a fascinating thing.
I mean, that's another thing too,
is like for me as Facebook, I have a lot of uncertainty now.
It's like on the one hand, yeah, you guys done goofed,
but they've done a lot of other really stupid stuff
over the last couple of years too.
So I'm kind of sitting there going, oh crap,
now that their scent of blood is in the water,
what else are they coming after us for
and what'll the fines be?
Like if I'm a Facebook investor,
this news does not make me wanna spend 1.8% more
on my Facebook shares,
especially because Facebook is such a public target.
Then again, like I have to confess,
I haven't been following this that closely.
You know, maybe there's something in the settlement
that says the FTC isn't gonna go after them
for anything else that, like I don't know exactly.
I don't know.
But it's not confidence inspiring for me
and I think it's sort of ridiculous to think
that Facebook would just shrug this one off.
I agree.
Could be wrong.
Super chats?
Yeah, super chat.
Oh, good reminder.
Thank you.
Chris, Nerdy Timber, Jonas Garibay, Freddie, Gary Singh.
Mate, what are you doing?
See you in a week, dude.
The Graveler?
Yeah.
Yeah, that's part of that.
Matt, Trinidad, Demon, Gary Singh, Rocky Gregory.
Gregory, poops too much.
It's a shame, Gregory.
Ethan, Lucy, William McKay, Pablo Diaz.
What would you get?
A OnePlus 7 Pro or Pixel 3a XL?
Need a headphone jack?
Pixel 3a XL, anything else?
OnePlus 7 Pro.
No?
I think I'd get the 7 Pro.
Really?
Well, I mean, it depends if you need a headphone jack.
It doesn't have one.
Dane Carter, thanks.
LXS, y'all hear about the new Nintendo Switch.
Oh, LOL, yep, yes.
Yeah, we talked about that later.
Sauce Boss, thanks.
Tommy Gun, I demand that you make Channel Super Fun
your game stream channel.
Maybe you'll read it this time.
Okay, I did.
That won't happen, but resurrecting Channel Super Fun
is kind of on the table lately, so stay tuned.
Just Mark Gaming, are you not gonna review
the Sony Xperia 1?
Probably not.
Adrian Finnegan, hi, Michael Handley, sup?
Robert, it's RC Male.
Oh, oh, this is, this is.
Oh, he's, Robert's here.
It's RC Male, the H is silent,
swap the L and the E, RC Male, RC Male.
So like RC guy.
That helps me, that helps me, RC Male.
Robert C Male, Midland Productions.
I wanna follow up when I asked about the Dream Studio.
I know you have one.
I was referring to if you bought land
and built from scratch.
Oh, well, if I bought land and built from scratch,
that would be quite a dream,
because I don't know if you've looked at land prices
in the Lower Mainland any time recently,
but it's in the neighborhood of anywhere from.
$9 million for a pigeon butt course, baby.
Yeah, we saw that today.
That's the next LTT campus.
Yeah, 24 acres in South Surrey, $9 million.
We all pitch in, we can get it.
Send Superchats, guys.
We need your Superchats, we'll buy 24 acres.
We all pitch in and putt.
That was the joke, Nick.
Yeah.
Yeah, Nick.
Non-dad here and I have the best dad jokes.
Yeah, I made that.
Distrotube, have you considered switching to Linux?
Yes, I've considered it,
but there's a lot of software I need to use.
His name is Distrotube.
Runs on Windows.
Frederick, would you be open to making more pro content?
Probably not that much.
You know, we love being that sort of, you know,
fun window into really high-end pro cool stuff sometimes,
but it's not really our focus.
Eduardo, Linus, it's been a good run.
You're gonna get Susaned.
I don't know.
I know what that is and you're right.
Maybe she's personally making sure
that our stream doesn't stop buffering.
Are we talking about that Susan or a different Susan?
I assume.
Yeah, okay.
Okay, I can only have time for a couple more.
What if those $5 million was ransom money
for some kidnappers?
So after you took it,
they never found them and killed the kid.
Well, that's why I would check the news.
Cause I'm sure that would show up in the news.
See, I've got that covered.
You'd be like, here's the $4 million guys, save the kid.
And like you'd be rushed by like waiting police if.
Yeah.
Drake Simmons says, dang it,
now I have to buy a second water bottle.
The stealth one is sweet.
It is sweet.
I'm fine, but I am bummed
that I already bought the black hat.
Can I get a virtual hug?
Yes.
Yes.
You need two hats, man.
You need one that you wear to the gym
and like when you're hay bailing and stuff.
And then you need a good dress hat.
Dress hat, yup.
When you get new shoes and stuff, it's like sharp.
It's black, it's sharp.
So guys, just a reminder, if you add the stealth hoodie,
the stealth version of the LTT water bottle
and the black hat all to your cart on lttstore.com,
you will get an automatic $20 discount applied,
which is basically like getting a free hat.
Yeah, and the only thing that was as popular
as this water bottle so far in the first hour
was the first water bottle.
The first water bottle, okay.
People love water.
People need water.
Oh, are these doing really well?
Yeah.
Oh, cool.
They're selling well.
You should get one.
I'll sell you this one.
I think we knew that.
Like black on black, you can never lose.
Thanks for whining with us, guys.
All right, so thanks guys.
And we will see you again next week.
Say, oh no, we will see you again next week
at a different time.
It's gonna be on Saturday.
We're gonna be streaming from LTX.
Oh.
Yeah, that's gonna be one of the panels.
All right, see you there, guys.
All right, sorry James, you can go.
Well, maybe I don't wanna.
Do you wanna play some games?
I'm done.
I gotta call my friends.
To protect minors featured in your content,
some videos on your channel may have content disabled.
What are you guys talking about?
Well, which ones?
This is just like a new message in the Creator Studio.
Did everybody see that or just us?
I don't know.
It's so weird.