quarter. >> tim seymour >> i've weave the two segments, tailwind of european currency and tte, total energy france thanks for watching "fast money. watch more again at 5:00 ki of fast, "mad money" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you money. my jobto entertain, teach, cal me at 800-743-c nnbc or tweet me @jimcramer. when things go awry, they go awry big today was a big day.

the dow plunged 647 points s&p plummeted 2.08%. nasdaq nose dived 2.48%. because the market couldn't absorb all the negatives at once let's talk about some of the negatives. i want to start with the election the conventional wisdom is there would be a real red wave, a real republican sweep because the opposition almost always wins big in the midterms and voters don't exactly like ramped inflation. that's why the market is rallying and did much worse. there is so much money run by machines we saw selling which no doubt would have benefitted from fossil fuel

republ republicans. i bought one for the travel trust. it means we're looking for two years of gridlock in congress plus over the last 90 years, the markets rallied 100% of the time over the eight months after the midterms didn't matter today. that's okay. it not eight months. second shocker, last night we got a big disappointment from one of the most visible family friendly companies on earth. walt disney. all right. so let's talk about the stock of disney show started in 2005 i've been recommending this stock as a way for parents to get their kids involved in the market for decades i can't go back on that. i even have a one physical share of disney hanging in my office to remind me it is a must own. it's a big position for my charitable trust it's been like this forever but last night disney led its shareholders down. as we told investing club members and i quote, we are shocked and stunned by the poor

performance and we're certainly not alone. end quote. you rarely see this kind of 13% -- that's -- oh my god, 13% decline in a single day for an old line blue chip growth company embarrassing we got a lot of good positives from the ceo on the conference call if you read the release and listen to the conference call, sounded like the quarter was a huge win so much you think the stock deserved to be up 13%. classic misdirection from someone clueless or crazy. like we told the investing club, the execution is so woeful but we don't want to leave the franchise because nothing changed in terms of disney's ability to make iconic content and create great experiences end quote. that said, if disney were an nfl team, i'd say it's time for them to find another coach. yeah, it's time to go. if he sticks around, you know what i might not do? i might not mind doing i might put him on the wall of shame. yeah, i don't usual recall for

ceo's head these days. i become less angry, more relaxed but i've been real patient with this fella. unfortunately, the franchise is going backward to the point where that board must see that that means the head coach needs to take the fall for what surely feels like an 0-8 start to the season nice guy clock has run out. when you see a stock famed and loved as that of disney, it causes people with faith in the action plan, i'm if yfurious ab this listen to me if he were to leave and they brought in pretty much any competent executive from outside, i bet the stock would rocket higher and that's what i call an indictment all right. another on going collapse that people say will be the end of the world but won't be but i'll tell you about it, the collapse in crypto. now, i've been waiting for this

to happen for ages because so many silicon valley ceos told me crypto is a conn it's a game of chance, not skill. at worst, it's bitcoin there is no way at valuing these things and the people that seem to rule the crypto world don't deserve our trust or the trust of the very sophisticated investors that decided to cash in big names i'm not going to blame the likes of the crypto and his faltering ftx exchange to which i have to say exchange of what i'll say this. i've begged the government over and overusing my platform to get involved in this and regulate. nobody is coming out harder about this but it never happened they never listened. it like the government has taken an attitude of benign neglect toward this whole class of assets i say assets because if they were securities, the scc might have felt compelled to step in and make sure people weren't getting scammed. instead, it was all empty.

crypto is a $3 trillion market a year ago maybe that's the problem too many chasing it and contributions and too many big sports teams, celebs you name it. i wonder how many celebs are getting called tonight to get the buying and stealing fails they have something. never sure thing i don't like the situation now, the crypto world is less than $800 billion but that's still a lot of capital and junk coins rendered worthless if the regulators don't play traffic cop and by the way, of course, this will bring the market down. that's not true. keep your head tomorrow. for the record, sam bankman free or sbf is no longer the jp morgan and crypto and the days he said he gets so rich from crypto he would buy goldman sachs, i'm putting that plan on hold forget acquiring anything, man he can't even sell his own company. of course, crypto is just the

most egregious example from an investor base addicted to gambling but speculators were alienated including the mmeme stock of amc and unhinged from what is happening at the underlying company that has very little going for it. if you say anything negative about game stop like i called from my hospital bed to sell it back when it was 400, well, i didn't want anyone to lose money. the investor base will hound you to death i don't blame anyone for wanting to stay off their radar. they are vicious they wrecked my mentions column on twitter, just destroyed it. maybe i shouldn't have been looking at my mentions to begin with but i used to like to interact with people because i'm a friendly people but got bad when the memesters coming after me i don't see that getting better under elon musk. what is really disheartening is what can happen to the bond market tomorrow if we get a bad

consumer price intext dex number interest rates have been stable until we got the result of the ten-year treasury. when rates go up, you get this knee jerk sell off as always, semis lead the way or it doesn't matter how the companies are doing, they're considered growth stocks and growth stocks get assassinated every time the bond market goes in one direction, same for fang and friends. if rates go higher, they need to be sold. if rates get lower, they get bought how stupid, foolish, si simplis. some of these companies are doing much better than others if they trade the same. that's for you to profit from. in the real world it different short term stock thinking if we get a steaming hot rating, you'll see more horror on your screen so that's why people sold ahead of it. doesn't help the market is overboard according to the oscillator hard to be bullish when everything visible goads es wrog

if the fed wins the war on inflation, this week will be the week they recognize they have simply been gambling and they have to stop kidding themselves and as long as you're sober and the casino doesn't kick you out for counting cards let's go to adam in california, adam >> caller: hey, jim, first time caller and long-time listener. i want to shoutout -- >> fabulous. >> caller: i want to shoutout to you and your team for everything you guys do. hopefully we have brighter investor days in the future. >> there will be thank you for that we take a lot of heat. you know what? i don't care what's up? >> caller: so i'm expected to be a first time dad any day now and i'm looking for a few long term trades for my portfolio. it about a san diego based company here in carlsbad california with another great earnings report continued ex fox into the space and a stock that

looks to be bottoming out would now be a good time to throw a few dollars into mine and my future baby's girl company callaway >> okay. my suggestion is buy for her, not you. you're a little older. i like the idea of having a starter she likes golf, you like golf it's a good idea and good company. now, if the fed wins the war on inflation, we need to see a lot less speculation and this week will be known as the week speculators recognize they were just gambling all along. >> later on today, dutch bros reported i'm running the quarter with the ceo and does side bar have what it takes to buck the trend on the tech space i'm getting the latest amc fell so is there more to the story than a meme stock? don't miss my exclusive with the ceo and those who hate me so much and again, i don't care stay with cramer

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all right, what is it going to take for dutch bros to find a bottom the hyper caffeinated coffee, you know i like that chain seen the stock get hammered including a 9.5% decline today but the company just reported a strong quarter after the close, a top and bottom line beat, management

raising the full year revenue forecast, very confident i like the quarter don't take it from me. earlier today, we got a chance to check in with the president and ceo of dutch bros. take a look. mr. richy, welcome back to "mad money. how have you been? >> i've been great, jim, thanks for having me. >> it looks like once again slightly better same store sells putting the national footprint together it does seem to me things actually accelerated for you since the last time we talked. >> well, i think it has. you know, i think we've been working hard as a team we've been, you know, learning along the way and the market has certainly thrown us a variety of challenges here in the last six months but i feel like the team has responded and we're still in a good place and we really look like we'll deliver on the plan for this year. >> you spoke last time about some of your afternoon customers being challenged because of higher gasoline and also, you

spoke about higher dairy any good news at all on the inflation front? >> not really. i mean, you know, we're still seeing double digit increases year over year it come down slightly but inflation still there and it's still something we're after. we're seeing the c market down a little bit dairy prices have come down a little bit but nothing that's providing, you know, kind of the big relief that we're looking for and we actually don't see that happening for while. >> so you're prepared for that not that we want that to happen but your customers are okay with it at this point you guys are okay with it. doing your best is the way i would put it, right? >> doing our best. we took some price in september and executed another price increase in early september. a little over 4% increase on our price, but, you know, that seemed to have flown through pretty well and we see sequential increases from july to august to september 90% of our mix now in that third

quarter was cold and so we continue to see people coming. we saw high growth in the freeze product, our rebel product and day parts really recovered pretty well, as well. >> i like that now, you did speak two times ago about job hop. you said that seems to have gotten a little bit better are people realizing that maybe it's not going to be as easy to get another job and they ought to stick with ya >> well, you know, we haven't seen too big of a jump third quarter we see an increase in turnover because of back to school and kind of people getting into the fall swing, but, you know, it seems to be pretty steady. we're not seeing, you know, an abnormal run of people job hopping so maybe that's true maybe we'll see that settle down here even more in the fourth quarter. >> here is a question from my dutch bros addicted daughter she said that she didn't understand why if something was so great in oregon it wouldn't

work well in pennsylvania, wouldn't work well in new jersey, new york i said i just point blank would ask you. go ahead [ laughter ] >> well, tell her that a very well run disciplined business is in it for the long haul and you can't just jump everywhere right away but i think over the course of time, we'll see what geography ends up lending itself to dutch bros. so, you know, never say never but not in the plan right now. >> all right well then let me ask you a question, i question what place wouldn't want a dutch bros i mean, maybe alaska if it's really cold but, you know, frankly, the hot is just as good as the cold depending upon the time. >> i think that's true i think it's -- you know, it's a matter of choices and as i've said from the beginning, i think we're growing based on our people readiness and let's not lose sight of the fact we place

our own people in markets to grow dutch bros. it's a recipe that's worked for 30 years it's a recipe we like. it's a recipe that we think delivers a great dutch bros experience and so, you know, we got to be mindful to make sure we have people ready to do that and that our organization is ready to support it on the back end and so far, you know, we have 130 new shops this year we'll add 150 next year. many of those in the innew markt and it will be great to see the next level of growth as we go into new states like kentucky and alabama. >> i'm glad. i said to the great people of portillo's last night, wall street wants you to grow faster than wherever you're growing if you're adding 15 they want 30, if you're adding 30, they want 60. if you crash an organization is go too soon and train people that don't know what they're doing and suddenly you get a bad reputation it looks to me from what i can tell that where you guys go, people like you or else the same

store sales wouldn't be doing so well. >> yeah. i mean, every shop we've opened, you know, in the last really for the most part in the last three years has delivered almost 10% higher volume than our average system sales and we just opened up in san diego county to arguably one of the largest grand openings we've had in the history of the company and it delivered one of the largest months of any new store in the history of the company so, you know, we're finding that we like our approach we like our discipline we do understand that more markets want dutch bros but, you know, patience is good and patience delivers a good outcome if you're disciplined about it and wealth. >> we've been very concerned about is when we look at who -- how you get people to come to work these days, i mean, you got to go -- i remember the dutch bros we went to was a little kiosk.

i didn't seem like necessarily the greatest place to work at. do you have to pay people more to be in a kiosk than you would say at a mcdonald's? >> i don't think so. you know, i think that we're an employee first brand and we're an employee first company and i think as we talk about the customer experience, i think you also have to value the employee experience, as well and, you know, and pay is a tricky word these days i mean, i think that every state is kind of going through their version of that and i think we're going very mindful really down to what we call our trade zone to make sure we're competitive on bay and delivering a great experience for the employee and that's really what dutch bros is about. >> i solute you. you're one of the few companies from ipos that i know i can get behind because your product is superior and what you're doing is people first. i've seen it in action at many different ones and i know that that is your commitment and i want to thank joth ricci

dutch bros with another good quarter flat out thank you so much. >> thank you, jim. >> just like portillo's, dutch bros delivers a quality product at a good price. you can put together a basket of these and do quite well. you don't necessarily have to single out one but as someone yes indeed an efficient nad doe of disutch bros and portillo's, i'm looking for it to grow. >> a year on the rocks cramer talks earnings and more with cyber ark, next

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relative areas of cybersecurity. economic weakness and requests the entire group including truly hideous declines for industry leaders like palo alto and crowd strike but one managed to buck the gravitation and pull the group and ol' faith cyber ark software that specializes in protecting police ofrivileged as and a super identity business. cybersecurity saw the stock jump 11%. clean top and bottom line beat strong reoccurring revenue even better management raised every one of the full year forecast remember those days? management saying it saw no signs of macro economic weakness hitting their business what made cyber ark different? why did they seem to be doing fine the rest of the industry struggling let's take a closer look with the founder and chairman, ceo of cyber ark software and an old friend of the show to learn more

about the quarter. i got to tell you, it seems like things have really shaken out sci since i seen you last. some you have to have and some you have to be acquainted with is that the world we're in >> great to be back, too. >> excuse me. >> great to be back and the new studio. >> the new studio makes me drop my papers. >> absolutely. we're seeing even cybersecurity that is a resilient space is divided to must-have cyber technology and cyber ark is in that must-have category. >> it seems to me that the guys who want to get inside are getting smarter and smarter and you are out smarting them. i had one the other day. i didn't realize it was part of what you were talking about mfa where i got and said enough already. they'll keep hitting me. i'm going to let them in this is something you specialize in stopping. >> one of the drivers that's called the attacker innovation attackers are innovating and

looking for new ways they will inundate the user with requests until they come ply an that's a reason they got into the uber breach. you can assume the front door is open and we have solutions and the defense and depth you need because they're going to go after credentials on the inside once they make it through. >> how about trying to protect secrets? that seems like a fantastic business for you. >> yeah, secrets management is the other dimension. >> i love this, secrets management we all read in the conference call, i need to know about secret management. >> we talk about human identity, you put on these glasses, the machines, applications are using the create dentials for an attacker, it's the holy grail and they get that and get privileged access. the same platform we manage machine identities and call it secrets management.

>> now in the time i first met you, you were trying to tell people how important it was. now, what level do you deal with at companies when you come in? >> it's amazing. this is a c level topic, cio, cfo. one of the pillars that will keep them safe i think it's really grown to be recognized that this is the identities, the new parameter and the one to defend. >> i know you can't reveal things that are private but have there been big institutions that we know where identities have been stolen and bad guys have run a muck in the institution. >> absolutely. >> there have been >> there have been it's happening all the time. innovators are trying to get in. >> are they asking for the fabled bitcoin >> often asking for bitcoin. costa rica was taken over and had to defend against that so it's ramped and bitcoin makes it

easier for the attackers to go after. >> what kind of -- this movement that you made to be more than just keys to the kingdom, when you move the identity, how did you have the right people to do identity or was that part of your natural suite >> we stra tee giek stra tee -- looking did. >> we all have identities. >> exactly we started with the privileged users, the keys to the i.t. kingdom with broad access but all of us are users and you look at the work force employees and any organization and their suppliers and customers, they're all using identities to get in and applications and be part of what is driving the business so it became a problem that those users also have the elevated rights and the attackers don't just need to get to a privileged users, they can get after a regular user and after going there, they can

elevate the attack and take over we strategically decided to expand coming in from the experts in the most complex part of the identity problem, let's expand to all types of users. >> is there some personal responsibility on the part of the individual works of the company? >> there is. i think there are good people out there trying and a lot of training involved but we have to make it easier for them. we have to make it so that they can do what they need to do to get their job done and need to be educated attackers are trying to trick them but we have to give them solutions to i'dentif anomalies and say this is not jim but somebody trying to imposter. >> now, i know that you have -- you do a lot of work with aws but do you work with crowd strike and do you work with palo alto >> we have an anchor system with over 200 partners because we believe security is a team game. we have a lot of integration in place including palo alto and crowd strike so when we come to a customer, we say one plus one

equals 11. we'll be stronger. >> i followed your career for many, many years there are very few survivors if i ran a bank, holy cow, i'd have to bring you in very early because one thing i never want to come in and discover that someone robbed my bank from the inside and people are trying it all the time, aren't they? >> absolutely. that's why we're mission driven and growing our team and customer footprint and to really make an impact. >> you've been spot on thank the founder, chairman and ce os ceo of cybr psycyber ark. coming up, it's show time. the movie biz is changing. what's this meme stock doing to keep up with the times amc, next.

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one by one the most egregious areas are being trained from the market including today crypto currency and meme stocks including one you may own called amc entertainment. they nearly went out of business during the pandemic but saved and the concept. more than any other company, amc and management have embraced the memsters, the. >> alan: preferred stock under ape. but ever since the ape monkey business in august, the stock has been hard to own plunging

from $18 and dropped 8% to ape shares down to 8%. there is real issues in the industry even when yone you add the ape shares, they burned a lot more cash than some analysts expected and took on a ton of debt during the pandemic but saved the company. what do you do with amc stock going forward? will they be okay going down the line or is the balance sheet okay let's talk the questions to successful survival plan adam aaron the chairman and ceo of amc entertainment. welcome back to "mad money." >> jim, it's always a pleasure to be with you you know that. >> thank you, adam you've got good news coming up you have one of the biggest movies in history coming up and that can help your bottom line.

>> well, that's true i'm wearing a disney tie today because tomorrow is the "black panther" i think it will be the second biggest movie of the year but we'll find out together. we're sitting on frothy robust bookings. >> i think one of the things that i mentioned in my opening and things have been tough, you mentioned point blank you say you need more movies you don't take the movies. it does seem like the number of movies down big -- frankly, i don't get it because you prove in your conference call it is better to release a movie to the theater than go this direct to consumer what is taking them so long to realize how rapid the customers are for more movies? >> that is one good question what is taking so long to get good movies. when you go back in time when people were afraid to go out of

their homes, we understood it then but that's not where we are in america these days. that's not where we are across the globe. life is returning to normal and if you look at movies, they're doing well people are coming to theaters. we'll prove that again this weekend with "black panther rocanda forever" but the movies coming out is down still about 20 to 30% below prepandemic norms. they say these are all the production delays caused during the height of covid. it does take about two years to make a major motion picture so we're hearing that all the studios, don't want to say all but most of the studios are scrambling to dramatically increase the count of theaters releasing movies and we expect the count in 2023 to be greater

than 2022 and again in 2024 more than 2023. that's good news for us. the more movies released thin theaters, the more people will be in the theaters. >> let's talk about people and the stock. the company was going to go bust you saved the company. the stock went up a great deal you did sell stock what was amazing is you went on tv to me and said i'm selling stock for my family and made that point again your job is to run the business not the stock. the stock has come down a great deal and i know you don't want that you want people to make as much money as possible. what do people do? they got additional preferred and the slate is low but you told them what you were doing. can you buy more what do you do to show them what you're doing now because i know you're not giving up.

>> actually, let's talk about what i'm going to do i said publicly in january 2022 i was done selling i am amc's largest individual shareholder if you take out institutions i run this company it's a 24/7 passion. i'm optimistic for the long-term health but as you said, my job is to run the company. it up to the markets to decide what our share price will be and i'm not surprised things have been tough over the past 90 days look what is going on. energy prices are soaring because of the ukraine war causing inflation to sore and interest to rise and combine that with the fact the second largest player in our industry filed for bankruptcy protection in september because it ran out of cash. take that together, that's a lot

of noise around a stock in general and amc stock in part particular but we're a very different company. we ended the quarter with $900 million of liquidity and introduced the aieighth referre stock in august and we have the ability to to raise additional capital as needed because apes exist and so sooner or later that will be reflected in the share price i hope. >> it's difficult to restrain followers. if you bought ape the first day at ten you can't be -- you can't be happy you do have to have discipline i know you believe away from your business. i know you tell your customers it's exokay to get excited abou

popcorn. owning amc can be a larger portfolio, don't put all your money in the amc basket. >> look, it's not my job to give financial advice but the basic rule of investing is diversify your assets. nobody should have all eggs in one basket that's true of amc like everybody else that doesn't speak to the issue whether amc is a good or bad investment you know, if you're buying price to amc was 1. 91 which is where our stoblg traded 22 months ago, you're doing well. if your buy in price was $60 a share, in june of 2021 obviously, we're well below that again, our job is to run the company and as you said, this company was facing very tough challenges in 2020 and we're not all the way through the pandemic yet. movie going because of the

reduced number of titles that we talked about, movie going is still below prepandemic norms. you look at the size of the industry, the box office crashed in 2020 because of the pandemic but in 2021 it more than doubled and in 2022 when the year is over, i think we'll see that the box office industry is up almost 75%. we forecasted on our earnings call yesterday that we think that the industry box office will be up 15 to 25%, maybe more than that. in 2023 some of our competitors are struggling while amc is healthy. >> right. >> i think we'll be taking up more theaters as a result of some of the financial troubles of our competitors and also doing things outside of movie making you know, you talked about popcorn and credit cards and gold and silver mine, which by the way, found more gold and silver in the hills in the last couple weeks but we announced on

monday a new partnership with zoom to introduce what we call zoom rooms and a mamc to go aftr the market using our theaters as a place to gather linked up by zoom technology. there's a lot happening. a lot that is good we have a long way to go but that's what makes a horse race. >> keep fighting keep fighting. i'm glad you explained diversification. that's not your job but neither one of us want to see people get hurt i'm glad you're still on twitter. twitter has value. i hope people stay on it elon musk should call you for advice because you're the best guy i know to go to. i want to thank -- >> before you hang up on me, jim, i want to say something back i know you take heat from our apes on twitter. it's sort of a sport they have but i think you're an incredibly accomplished and polished investor and i always look forward to hearing what you have to say. >> thank you very much

you're a good man. thank you. that's adam aaron, chairman and ceo of amc entertainment thank you for coming on. "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightning round, next.

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healthcare. it is time, it is time for the lightning round, the stock, and then the lightning round is

over are you ready ski daddy? starting with hassan in georgia. >> caller: what are your thoughts on northern oil gas nog? >> not a quality oil company i'd rather see it in a chevron i'd rather see ya in something right now that works and i have total conviction because this will get tough market again. robert in new york, robert >> caller: jim, it's robert from rodchester new york, go birds. >> thank you for that. appreciate that. even up there we have friends. what's up? >> caller: anyways, company has little to no competition exxon enterprises. >> went up huge on the election. i think they will go down and i don't like -- i like exxon everyone knows i'd like then around 16 but let it come down that's way too high. let's go to anita in iowa,

anita? >>. >> caller: fallujah, holding or selling? >> they have good technology hold on to that and i'll ask my friend and colleague ben to do more work with me on that. well, come on, that's it we're just getting started how about don in my home state of new jersey, done? c >> caller: hey, fellow graduate of yours. >> go spartans >> caller: jim, i want your opinion on energy transfer e.t. >> can't fight the tape anymore. energy transfer kelsey warner managed it and the stock is going higher nice yield i do like the pipeline companies very much. e.t. is a win. let's go to trent in florida, trent? >> caller: trent here. first-time caller from clearwater, florida, home of the spring training philadelphia phillies. >> let's get them. what's going on?

>> caller: i have a lot of respect for the ceo. the stock is tell. >> the ceo is not shareef. shareef is the chairman and call option on natural gas and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade mountains of paper wealth this week where did it go? stick with cramer.

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bad couple days for billionaires, so-called jp morgan is worth 26 billion at one point to allegedly having almost nothing brought down by reports of a liquidity crisis. >> that was easy.

>> ouch. apparently one of the components of the balance sheet was his creation we love to print our money, unfortunately, it's only worth something if other people want it call me crazy. maybe putting a huge chunk of your net worth into, say, monopoly money bad idea i don't know the outfit fdx crypto currency is the powerful force of crypto land having rolled up and rescued firms. there was supposed to be a bailout deal with a crypto exchange run by cz, also known as shang ping but that apparently imploded this very evening. i've been thinking, a historian buff here. people don't know that i put that out there this whole saga makes me think of a pair of financers that tried to corner the gold market

in 1869 to see the plane collapse when grant had them flood the market with gold their broken conspiracy black friday in 1869 the worst financial panics america ever had. militia to avoid bank runs with many banks closing i mention them because they remind me of sbf and cz who seem to have more or less cornered the market with the same disastrous outcome it not going to bring the economy down people want to say it. i bring up 1869 because it was the worst and that was gold. this is not going to be like that okay there are similarities but not like gold back then crypto is unregulated and they have been steadfast in the ignorance of the dark financial under world bitcoin is back down to 116,000 where it was in november 2020 after trading as high as 68,000 a year ago that's called a decline. if the reports are true that binance has given up, i think

crypto might be revealed as fool's gold. however, i want to make this really clear unlike black friday 1869 once again because i'm making this point, i do not expect to see a collapse of national proportions. meanwhile, elon musk had to sell $3.95 billion worth of tesla to fund this disaster acquisition of twitter now he's just throwing good money after bad. tesla is a profitable gem with an amazing growth. stock is out of style right now but long term it's a great business twitter on the other hand was a stag i stagnant company and it must be losing a fortune i think you can probably salvage something but also seems uniquely ill suited to running a social media company too high profile. there is no clear cut solution that looks like something was bought like i don't know, a fit

of pique, the p-i-q-u-e kind mark zuckerberg, you're not supposed to have the word travails with rich people. mark zuckerberg and meta platforms, meta is making a ton of money but zuckerberg wants to bet the company on the metaverse, nice work he laid off 13% of the work force or 11,000 people because he wants to get expenses under control, which is something i've been begging him to do this is a new position for him at least the rest of the operations being reigned in. zuckerberg admitted it was his fault. i heart him for that he recognized that he got his projections dead wrong, coming out of the pandemic so he's changing course even it's tough and learning how to do that out west and zuckerberg gave a genius layoff package i've ever seen, good for him none of these billionaires need to play powerball to restore their wealth and none of them will bring down the economy like

black friday in 1869 but if the government doesn't step down to regulate crypto, the next down fall might cause a bigger collapse of a business based on funny money. i like to say there is always a bull market somewhere and i prom good evening and welcome, everyone it's a big news night tonight. breaking news over the past 24 hours. in cryptocurrency, in social media and traditional media and at polling places across the country. so tonight it's all about the fallout on wall street, fallout from a failed emergency crypto merger that has sent prices absolutely cratering as binance backed out of its deal to rescue ftx and left the prospect of a bankruptcy looming fallout from met ashe and disney, two giant consumer stocks both suffering from the failure what have were supposed to be the shiny new things in media. and fallout from the

el