E38: Bestie brawl, Robinhood's $70M fine & S-1, Delta variant, future of the political parties, FTC takes two losses against big tech & more

**David Sacks** (0:01)
Cal here? I can't see him.

**David Friedberg** (0:02)
Maybe I've been blocked. I don't know.

**Jason Calacanis** (0:07)
I'm getting so static on the line.

**Chamath Palihapitiya** (0:10)
Why do the two fat guys have to ruin everything? I mean, get your shit together, you two. We have something good going on.

**David Sacks** (0:17)
The show started, Freeberg. You've lost control already.

**Jason Calacanis** (0:20)
You guys ready? I'm not mad anymore.

**SPEAKER_5** (0:42)
If you'd like to skip the bestie Twitter drama and get right into the episode, jump to 20 minutes and 48 seconds.

**David Friedberg** (0:49)
Hey, everybody.

**Jason Calacanis** (0:50)
Hey, everybody.

**David Friedberg** (0:51)
We've got a great show for you today. What a treat. This is going to be here at the All-In podcast. We cover everything technology, business, market, politics, science, and of course, the besties' emotions and their feelings. I'm Dave Friedberg, the king of canoles. Joining me today are the guys that used to be besties.
First, joining us from Burlusconi's Boomba Boomba Palace, the Pied Piper of SPACs himself, Chamath Palihapitiya.
Chamath, welcome. You look great today.

**Chamath Palihapitiya** (1:21)
Thank you.

**David Friedberg** (1:22)
And from one of his many houses, the SaaS bully himself, David Sacks, and of course, our former moderator and host, the one and only, the internet famous, the Bronx bully, Jason Calacanis, everybody. J Cal, welcome. You're looking great. You look like you're ready to do a little jab and a hook. So for those of you joining us today that haven't been following on Twitter, I'm sorry, Chamath, did you get Kermit the Frog to host the show?

**Jason Calacanis** (1:55)
I mean, Jesus Christ, that opening was the worst, most painful thing I've ever heard.

**Chamath Palihapitiya** (1:59)
It really was not very good.

**David Friedberg** (2:02)
Well, welcome. Sacks and J Cal, not really feeling great.

**Jason Calacanis** (2:08)
It's a failed experiment already.

**David Sacks** (2:09)
I thought the opening was good. Good job, Friedberg. I think you're doing well.

**Jason Calacanis** (2:13)
It's a fucking four of ten.

**David Sacks** (2:14)
Stop prejudging his performance.

**Chamath Palihapitiya** (2:18)
You're interrupting already. Stop interrupting.

**David Sacks** (2:20)
Stop interrupting, Calacanis.

**David Friedberg** (2:22)
So the moderator is moderating and J Cal has to take the mic.

**Jason Calacanis** (2:25)
The lovers, the dreamers and me.

**David Friedberg** (2:28)
I'm going to mute him.

**David Sacks** (2:29)
Thank you.

**David Friedberg** (2:30)
So gentlemen, welcome. As we know, over the past week, there has been a Twitter feud between Jason and David Sacks.
And I'm going to give you guys a little bit of this background for those of you who haven't followed online, which I'm assuming is the vast majority of you.
But there's a Twitter account called All-In Stats and they publish an analysis showing that J Cal has been talking a lot on our podcast. And Sacks, you know, kind of quote, tweeted and said, you know, here is statistical proof of Jason's piss poor moderation of the All-In Pod. J Cal, if you were moderating correctly, you would be fourth place in airtime instead of tied for first. Your job is to facilitate discussion, not dominate it. Stop interrupting and let the grownups talk. J Cal immediately jumps up with a response. Maybe you could start your own pod with Peter Thiel and Keith Rebois and have Tucker Carlson moderate.
Sacks says, I know it's rough doing 10 years of this week in startups and never getting to number one. Then Chamath, Friedberg and I do it effectively on the first date on the first take. But this is why you need to stick to your lane and stop talking over us. Oh my God, so brutal, Sacks. J Cal then responds with a niche podcast about just startups is never going to be number one. It's not for a general audience like All-In by design. Number two, sure, trash the guy who has relentlessly supported you for decades because you're obsessed with your stats and forget about the quality of the conversation.
Then J Cal blocks David Sacks on Twitter publicly. Sacks tells everyone J Cal blocked him. This whole thing escalates and snowball. The besties, have they broken up?
Are they going to get back together? Is this podcast going to continue? My mom sent me a text this morning. Has the pod disintegrated? Jason pulled out? Question mark, question mark, question mark. The drama ensues. Gentlemen, I leave it to you, Sacks, with your opening remarks and then J Cal, you may respond. I'm here to moderate this opening of today's All-In Pods so we can get past this and hopefully get the besties back together and continue our conversations that I think many people find valuable and are super helpful and useful for us and for our listeners. Sacks, please.