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net board stance
what this means
—
hit rate as primary
Where we stand — 0 live ideas
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Where the winds are blowing
NET BOARD STANCE, LAST 60 EPISODES —
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PRICE VS SPY OVER THE SAME WINDOW, % — did the
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Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on GCI
No closed window has used this ticker as its primary play, so there is no scored record here yet. Adjacent plays are listed but never scored.
| idea | call | play | verdict | R | α | closed |
|---|---|---|---|---|---|---|
| 📈 Ad-supported legacy media is structurally dead | ▼ SHORT | adjacent | MISS | -239.7% | -266.0 | 2025-01-26 |
| 📈 The intermediary layer of traditional media is being dismantled | ▼ SHORT | adjacent | HIT | +19.6% | +19.9 | 2022-05-31 |
The tape — what was actually said
every capture on any idea holding GCI, newest first · quotes verbatim, timestamps deep-link into the episode
TH
Thomas Laffont
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📈 Ad-supported legacy media is structurally dead
E212 · 2025-01-25
▶ 1:39:22
To me, it's more a reflection of, I could overlay the stock chart of, you know, Fox and Comcast and, you know, CBS and just have all of those have imploded. I think people have been kind of substituting right away.
Friedberg
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📈 Ad-supported legacy media is structurally dead
E204 · 2024-11-16
▶ 47:52
I mean, I feel like there's some market correction that takes place here, which we're already seeing, which is the consumers are moving away. We just talked about moving away from cable news, moving away from legacy media. They don't trust it. The trust is at an all-time low.
So just on CNN and MSNBC, you're absolutely right that they're announcing a bunch of layoffs, their ratings are destroyed. I think MSNBC ratings are down like 50% since the election.
You know, the great irony of this though, Sacks, is that they have already been demolished. I don't know if you saw, but a bunch of the anchors at CNN are not renewing because their advertising is so far off that, like Chris Wallace, I think was making 8 million a year, 9 million a year, and he just said, I'm going to go do podcasts because I think they lowballed his offer.
And I think this is an opportunity to finally acknowledge that if you trust these traditional legacy sources of helping you to get to a decision, you're going to get tricked.
I would just say that the legacy media spell is broken. Their credibility has been destroyed. I think that the repudiation of the legacy media is one of the most important results of this election.
if those licenses were up for grabs, what would happen is a bunch of private equity people would get behind Rogan, a bunch of private equity people would get behind us, and we would all bid, and the outcome would be better
But does this model still make sense? No. I mean, it's completely obsolete.
Friedberg
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📈 Ad-supported legacy media is structurally dead
E202 · 2024-11-01
▶ 42:59
The legacy media companies have effectively become a mode of content companies in order to drive clicks, drive views, sell ads.
What's gonna happen to content creation when somebody like Google is just gonna take Wirecutter or these other sources that are not behind a paywall and just give you the goddamn answer?
Friedberg
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📈 Ad-supported legacy media is structurally dead
E179 · 2024-05-17
▶ 1:27:06
So I think the real victim in all this is that long tail of content on the internet that probably gets cannibalized by the snippet one box experience within the search function.
They could easily substack it. NPR is not going to go away. Just create subscriptions and you're fine.
They should just cut NPR and all this public broadcasting stuff loose over the next year or two, wind it down and let them fend for themselves in the new media landscape.
he got paid out in full, like 20, 30 million bucks. And by the way, those jobs are not, they don't exist anymore. Like Tucker and him were like the last of that generation to get those huge paydays.
I think that there's a glut of publications is all putting out the same official narrative. I think the third thing is there is a go-woke, go-broke dynamic going on.
The first is that media is really the least relevant it's ever been. And they really are on a lifeline.
Friedberg
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📈 Ad-supported legacy media is structurally dead
E163 · 2024-01-26
▶ 21:01
And that model totally breaks the old media model, which unfortunately has evolved into this untrustworthy, biased and opinionated source to keep the business alive. So it's definitely a breaking that's happening.
So these publications are just hammering, hemorrhaging cash ... So the economics are just hugely broken, except for subscription businesses, there's a ton of other nuance ... But the math basically does not work.
Chamath
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📈 The intermediary layer of traditional media is being dismantled
E76 · 2022-04-16
▶ 46:13
Jason, they can't because they lose power if Elon wins and gets control of Twitter.
Sacks
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📈 The intermediary layer of traditional media is being dismantled
E76 · 2022-04-16
▶ 46:18
the corporate journalists like Axios, they don't make a lot of money. What they have is some degree of status, but more importantly, they have influence. That's why they do those jobs. ... and their influence is enhanced when other people don't have the right to speak. And the reason why Elon is a supervillain in their eyes is because he's going to give the people their right to free speech back.
Sacks
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📈 The intermediary layer of traditional media is being dismantled
E66 · 2022-02-05
▶ 1:16:35
He is the biggest figure in independent journalism. He gets 11 million viewers every week. ... And the same week, we saw that Tucker Carlson now gets more young Democrats listening to his show than CNN and MSNBC. And I'm telling you, this is the reason why.
Friedberg
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📈 The intermediary layer of traditional media is being dismantled
E60 · 2021-12-23
▶ 49:43
And I think we'll see a lot more of this kind of like Twitter going direct type of activity happening in the years ahead.
Chamath
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📈 The intermediary layer of traditional media is being dismantled
E60 · 2021-12-23
▶ 1:13:13
there was an article in The Washington Post that I put into the group chat where The Washington Post article was effectively like Washington Post forced to revisit journalism practices because of falling click-through rates and lack of viewership.
Sacks
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📈 The intermediary layer of traditional media is being dismantled
E60 · 2021-12-23
▶ 1:14:10
They are not the paper of record anymore. Direct is the new. The internet is the paper of record.
Jason
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📈 The intermediary layer of traditional media is being dismantled
E56 · 2021-11-20
▶ 46:27
New York Times and CNN are crumbling.