WE'RE BACK, Meta Addiction, Tim Cook's Last Day | Jordan Schneider, Robert Mendelsohn & Eric Olszewski, Billy Thalheimer, Aaron Cannon, Stephen Balaban

**John Coogan** (0:00)
You're watching TBPN.

**Jordi Hays** (0:02)
Today is Monday, August 31st. We are live from the TBPN Ultradome, the Temple of Technology, the Fortress of Finance.

**SPEAKER_3** (0:09)
The capital of capital.

**Jordi Hays** (0:11)
We are back. We missed you. And Ramp is still with us. Let me tell you about Ramp. Time is money, save both. Easy to use corporate cards, bill pay, accounting and a whole lot more, all in Ramp.
Oh, feels so good to be back. Two weeks is a crazy amount of time to be away.

**SPEAKER_3** (0:26)
I don't understand how children do this for weeks, for months at a time.

**Jordi Hays** (0:31)
It's wild. It's wild.

**SPEAKER_3** (0:32)
It's crazy.

**Jordi Hays** (0:33)
It's a lot of video games.

**SPEAKER_3** (0:34)
I was sitting there. I had somebody this morning say, it feels like it must have gone by so fast.
And I was thinking, no, it absolutely didn't go by fast at all. It felt like two months.

**Jordi Hays** (0:45)
Yeah, it did feel like two months.

**SPEAKER_3** (0:46)
We manipulated time.

**Jordi Hays** (0:47)
Yeah, but thank you to the Microsoft team, the Activision team. They sent us codes for Modern Warfare 4
My review is in. It's fantastic. I love it. It's a really good game. Really polished. And the kill blog.

**SPEAKER_3** (1:01)
Did you revert back at all to...

**Jordi Hays** (1:03)
Didn't really have the opportunity.
I was joking about full relapse, just gaming from dusk till dawn. But that is in fact not in the cards these days.

**SPEAKER_3** (1:12)
I had a relapse on pizza. Pizza? I was eating pizza almost like twice a day at times. I was eating a lot of pizza, surfing a lot.

**Jordi Hays** (1:22)
That's good.

**SPEAKER_3** (1:22)
A lot of family time.

**Jordi Hays** (1:24)
Do you think pizza is potentially addictive?

**SPEAKER_3** (1:26)
I do.

**Jordi Hays** (1:27)
You think that there could be a settlement?

**SPEAKER_3** (1:29)
I do think. I don't think there could. I think there should.

**Jordi Hays** (1:31)
There should be. I do wonder.
Because cigarettes, it was very... Secrets were very scientifically proven to be addictive. You can give nicotine to a mouse, and it will go and try and get more nicotine. It's the most cut and dry.

**SPEAKER_3** (1:46)
You can run the experiment with any animal and I would assume that, based on my own personal experience, pizza and surfing will fall into that same bucket. Oh, you give a mouse pizza?

**Jordi Hays** (1:58)
Yeah. If you give a mouse a cookie.

**SPEAKER_3** (2:00)
If you give a mouse a barrel, he was going to want a corona with a lime. Yeah, for sure.

**Jordi Hays** (2:08)
But it will be interesting to see where the addiction stuff goes, because when all this came up, the Meta social media addiction, I was kind of like, I understand that people were trying to.

**Jordan Schneider** (2:22)
I don't know.

**Jordi Hays** (2:23)
Can you get mice or monkeys addicted to reels? Maybe.

**SPEAKER_3** (2:27)
I'm sure almost certainly.

**Jordi Hays** (2:29)
You think you could get a monkey addicted to Instagram reels?

**Eric Olszewski** (2:33)
I think 100 percent.

**John Coogan** (2:34)
Well, we got to try. I think 100 percent.

**Jordi Hays** (2:36)
We're going to find out.

**SPEAKER_3** (2:37)
We can't get any monkeys because they're sold out.

**Jordi Hays** (2:40)
No, you can get a monkey. You just have to pay top dollar. They're expensive, but you can buy one.
But it did seem like it was a tougher sell because it was not a chemically addictive product. It was more of a psychological thing. There's a benefit to it. There's a free speech element, all very complicated. I was not expecting to see a big settlement. When this first came up years ago, I thought it was going to be more nickel and diming little case-by-case things. But in fact, there has been a huge settlement. By Meta, two days ago, or this was when this was written, this was August 26th, Meta announced settlements with Attorneys General representing 48 states and the District of Columbia and three US territories. So there were only two states that held back, I believe it's Texas and New Mexico. But over allegations that Facebook and Instagram harmed children and teens. So this has been boiling up for a while. There were smaller settlements. This is the big one. And so the high level numbers here, Meta will pay the states $12.7 billion over 10 years, and it could go up to $18 billion if other platforms join the settlement.

**SPEAKER_3** (3:55)
It is a big number.

**Jordi Hays** (3:57)
It is a big number. And honestly, if you are a state legislator or you care about having your state funded for a variety of things, this is good news. This is a size gong moment for the states because they will be getting this money distributed to them. And they can use that to do whatever states do from education to health care. There's a lot of different things that states can do. I know Tyler is pissed because he doesn't like the government getting a dime, but it is a size gong moment for them.