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HankHank

Wendy's is having a 'rebuilding year' in fast food

Wendy's is to close hundreds of restaurants in 2026. And what interim CEO Ken Cook calls a rebuilding year. ... They're tanking for draft picks. Trust the process.

OpinionBusinessMediumSarcastic
The stores are literally closing as reported.
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PFT CommenterPFT Commenter

The valuation of the Seahawks franchise will skyrocket now that they have won a Super Bowl.

I'm very happy for the current ownership group who will now get to put up for sale a Super Bowl champion team. Price of the bag just went up for the Seahawks. Big time.

Seahawks are Super Bowl champions in this timeline. The sale price would naturally increase.
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Mike FlorioMike Florio

The Seattle Seahawks will be the next NFL team sold

I think it'll be the Seahawks. One of these owners is eventually gonna wake up and say, shit, I'll take 10, 11, $12 billion.

The Seattle Seahawks announced in February 2026 that they have begun a formal sale process. The Estate of Paul Allen is selling the franchise, with an expected price of $7-8 billion. Mike Florio was correct that the Seahawks would be the next NFL team sold.
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HankHank

TikTok will never actually get banned

I think they said they're, they're doing like a 90 day extension and then it might be banned again, but there's just no way that it ever gets banned.

TikTok was never actually banned in the US. While technically under a de jure ban from Jan 2025, enforcement was repeatedly delayed by executive orders, and a deal was struck. TikTok remains operational.
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Ryen RussilloRyen Russillo

Buying a boat with the intention of recouping costs through charters is a scam

When I bought it originally I was told if I put it in the charter that I was gonna recoup a lot of the money back. And I already knew it was bullshit when it was happening. The projections and then the revenue—I don't even know if we hit 10% of the projections.

This is Russillo's personal experience, and financial experts generally agree that boats are depreciating assets and chartering rarely covers full ownership costs.
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Tony SchefflerTony Scheffler

Breeding Maine Coon cats is a $4,000-per-kitten business

We got this new cat. They call it a Maine coon. ... We're looking to breed. ... [The market is] 3,500, 4 grand a piece. ... 10 years outta the league, it's time to move on and make some money.

Maine Coon kittens from reputable breeders in the US typically cost between $1,500 and $4,000, making his estimate accurate for high-end breeding.
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PFT CommenterPFT Commenter

Hosting the World Cup or Olympics is a massive waste of money for a country

Hosting the World Cup or the Olympics. ... Hosting a massive world event. I think Qatar spent like $2 trillion or some bullshit hosting the World Cup. ... At the end of the day, they're gonna have stadiums all around their country that are never gonna get used again. ... Have you seen the Chinese stadiums? They're like, I think wolves live there now.

Numerous economic studies (e.g., from Oxford and various economists) have shown that hosting these events rarely provides a positive financial return for the host city/nation.
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Big CatBig Cat

Gambling regulators simply do not like Barstool Sports

Turns out regulators maybe don't love Barstool, don't love us. And I get that. It's totally makes sense. I think Penn had the same thought, like, Hey, we thought this was gonna work out maybe a little better with regulators. It didn't. So we are back to being ourselves independent.

The regulatory hurdles faced by Penn due to Barstool's brand were well-documented in licensing hearings in states like Massachusetts and Ohio.
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Michael RubinMichael Rubin

I have 'closed, closed' the door on future sports ownership because it would get in the way of Fanatics' success

are you closing the door on sports ownership going forward?... Closed. Closed. You're closed, closed. Look, here's the reality... I have so much to do to improve in everything that we do... for me, the opportunity to build fanatics into one of the most valuable companies in the world... I don't want anything to get in the way of that. And sports ownership would be in the way that.

As of late 2024, Michael Rubin has not returned to sports team ownership.
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PFT CommenterPFT Commenter

Bar managers will be completely lost on Week 1 of YouTube Sunday Ticket

They are going to have to figure out how to get YouTube on all their TVs at once. And they, they are gonna be completely lost week one of next year... Bar owners week one. It's gonna be a shit show.

There were numerous reports of technical difficulties and confusion for business owners during the initial transition in Fall 2023.
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Daymond JohnDaymond John

You should double down on Amazon stock right now while it is at a 30% discount

Amazon, you should be doubling down on Amazon right now because right now if a car you loved was on a 30% discount, brand new, wouldn't you buy a couple of 'em?... it's gonna go back up.

Amazon stock was trading around $98 in March 2023 and rose to over $180 by May 2024.
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Big CatBig Cat

The new Barstool Chicago office will be like Dude Perfect meets the Fantasy Factory

The office is gonna have a ton of awesome stuff... full basketball court, full golf simulator, full workout area... it's basically, if you thought about like if Barstool Sports met... Dude Perfect... Fantasy Factory.

The office opened in late 2023 and features a court, simulator, and various content spaces as described.
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PFT CommenterPFT Commenter

Sam Bankman-Fried is the latest Bernie Madoff

My hot seat is crypto in general. Sam Bankman-Fried from FTX is the latest Bernie Madoff right now. It's been in the news. He had I think about $40 billion and now he has $0 because his entire platform went bankrupt.

SBF was later convicted of multiple counts of fraud and conspiracy, confirming the comparison to high-profile financial scammers like Madoff.
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Big CatBig Cat

The US government stores 1.4 billion pounds of surplus cheese in caves in Missouri

There are just caves in America with cheese in them... 1.4 billion pounds of cheese... Springfield, Missouri... deep and converted Limestone mines caves kept perfectly at 36 degrees Fahrenheit store stockpiles... hundreds of feet below the ground.

The US government does maintain a massive strategic cheese reserve in underground cold storage, primarily in Missouri.
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Mr. PortnoyMr. Portnoy

Late-night TV news commercials for products like CarShield are frauds

When I see them up there, those products are fraud... I mean, they wouldn't be advertising there if they weren't a fraud. I have an occasional check with the FTC site and the Better Business Bureau to see various of these companies have all sorts of consumer complaints against them. And what a shock!

CarShield and similar companies have indeed faced numerous complaints and legal actions from the FTC regarding deceptive advertising and service denials.
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Tom SeguraTom Segura

Dana White is banned from most major casinos for winning millions at blackjack

Dana White is banned from almost every major casino for playing blackjack because he has taken them for millions. He has a system and one of the casinos, they gave him a belt and they're like you are the champ and you are ready to kick somebody out. I don't know what his system is and we're talking walking out with like, 'Hey, I won $1.3 million playing blackjack.'

Dana White has publicly stated and casinos have confirmed he is limited or banned from high-stakes play at several Vegas properties like the Palms and Wynn due to his winning streaks.
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Bert KreischerBert Kreischer

A 'Two Bears Racing' endurance team is a viable business idea

I came up with stupid fucking two bears racing... I fucking just invested a hundred thousand dollars... already in just talking about it, all our advertisers for two bears have asked if they could buy space on the car. And I'm like, oh, this could work out pretty good.

The 'Two Bears Racing' project did move forward and was featured in content on their podcast network.
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Mark CubanMark Cuban

By the end of the year, Cost Plus Drugs will carry 2,000 generic medications

Right now we've got about 110 different generics at costplusdrugs.com. By the end of the year we'll have 2,000. So if you have any type of prescription, check it out, you know, if we have your drug, we will save [you money].

As of late 2022, Cost Plus Drugs had surpassed 1,000 drugs and continued scaling toward the 2,000 mark by 2023, making this largely correct in trajectory.
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Billy FootballBilly Football

Liver King is a low-key business genius for selling organ meat

Liver king low-key a business genius... because he's figured out how to sell, he's a rancher, he's figured out how to sell the one part of cattle that was the hardest to sell, organ meat.

Liver King's brand (Ancestral Supplements) was highly successful, generating millions in revenue, supporting the 'genius' claim of the business model.
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Jersey JerryJersey Jerry

The elevator technicians union is one of the best and most lucrative trades to join

In the union's, there is elevator union. Biggest money can make one of the best unions there is. Wow. They like this guy's first year he'll he'll easily make probably 120-125... I mean you're talking about guys that make over 200, 250 a year.

Elevator installers and repairers are consistently among the highest-paid construction trades in the U.S.
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Mike FlorioMike Florio

The Buccaneers had no legal right to reclaim Tom Brady's 600th touchdown ball from the fan

I looked at the season ticket agreement. I looked at the general ticket agreement... there's nothing on the Tampa Bay Buccaneers tickets that would give them the right to go get it... I don't think they'd have a leg to stand on if it would end up in court.

Legal consensus generally agrees that once an item is gifted by a team representative with 'apparent authority,' ownership transfers to the fan.
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Mike FlorioMike Florio

Mike Evans had 'apparent authority' to give the football away, making the gift final

He has the apparent authority to scoop up a football on a touchdown he scored and hand it to a fan forever done over, no give backs, no take backs. Once that transfer is committed from the fan's perspective, that fan's got the right to assume that Mike Evans has the authority to surrender that football.

This is a correct application of contract and property law in the context of professional sports souvenirs.
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Mike FlorioMike Florio

There is a greater than 50% chance Dan Snyder is forced to sell the Washington Football Team

I'd say once somebody with the power to get to the bottom of it gets involved [Congress], it gets north of 50... Once we know about some of the things that Beth Wilkinson, the investigator found, yeah, I think it becomes untenable at that point publicly for Snyder to continue.

Dan Snyder was eventually forced to sell the team in 2023 for $6.05 billion.
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PFT CommenterPFT Commenter

Spirit Halloween will have a massive year because of vacant retail space

I think also this is going to be a huge year for Spirit Halloween because we had so many businesses that totally went out of business over the last year. There's so much more retail space. There could be one on every single block.

Spirit Halloween significantly expanded into vacant big-box stores in 2021.
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Billy FootballBilly Football

The Pi Coin cryptocurrency is officially a pyramid scheme and a scam

That Pi coin I was telling everyone to do is a scam. Yo. Basically it's sort of a big kind of pyramid scheme mask type thing. What made you think it was a pyramid scheme? Was it the fact that you had to get other pioneers to make yourself more Pi? That, and you know, the sort of pyramid part of it.

Pi Network has been widely criticized by security experts as a data-harvesting app with no real value, fitting Billy's 'scam' description.
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Billy FootballBilly Football

Wingstop changing their name to Thighstop is due to a national wing shortage

My hot seat is Wings. Wingstop is now Thighstop due to the national wing shortage. There was a three-time price increase in Wings, so it actually had... been a better investment to invest in Wings than... some cryptos right now.

Wingstop did launch a 'Thighstop' digital brand in June 2021 specifically to combat high wing prices and shortages.
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PFT CommenterPFT Commenter

Dogecoin's value is purely driven by publicity and famous people mentioning it

With Doge, it's like that, but since it's based on a joke meme, publicity is 10 times more important than any real value. As far as I can tell, the best thing that can happen to Doge is just a famous person says the word Doge on a massive platform.

Financial experts and market history confirm that meme coins like Doge are primarily sentiment-driven.
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PFT CommenterPFT Commenter

The NFT bubble has not yet burst because Rob Gronkowski is entering the market

This is how you know that the bubble has not yet begun to burst. When Rob Gronkowski gets in as an early adopter, he's probably just selling his memories.

The NFT market did indeed peak months later in late 2021/early 2022 before crashing.
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Big CatBig Cat

The NBA Top Shot market is a bubble and investors will lose money

This bubble's going to be painful for some people. That could be one day. The Top Shot bubble... I'm leery on Top Shot... Let's not pretend that this is going to be your retirement account.

The NFT and Top Shot market crashed significantly in late 2021 and 2022, with many moments losing over 90% of their value.
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HankHank

Disc Golf is a massive growth market that we can get in on the ground floor of

There is a new sport that's blowing up. And I think we can get it on the ground floor and make a lot of money. This dude, Paul McBeth. Today, signed a 10-year, $10 million contract extension to play disc golf. His signature line sold so many. There's such a huge market there.

Disc golf did see significant growth during and after the pandemic, and Paul McBeth's deal was a real milestone for the sport.
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PFT CommenterPFT Commenter

I'm shorting Robinhood as soon as they go live

I'm shorting Robinhood, though, when they eventually go live.

Robinhood went public in July 2021 at $38, peaked briefly, and then crashed significantly, losing over 70% of its value within a year. Shorting it would have been highly profitable.
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Billy FootballBilly Football

Humans are more effective and cheaper than robots for retail inventory

Walmart has stopped using robots to do inventory because they realized that humans were actually just as effective and cheaper. So cool throne humans.

In November 2020, Walmart did indeed scrap its plans to use shelf-scanning robots, finding that humans could do the job just as well.
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Billy FootballBilly Football

Costco's co-founder threatened to kill the CEO to keep the hot dog price at $1.50

The Costco co-founder... got mad at the CEO of Costco said, 'Hey, we're losing money on our dollar fifty hot dog deal. I think you got change it up' and the co-founder of Costco's like 'If you change that deal, I'll kill you.'

This is a documented interaction between Costco co-founder Jim Sinegal and CEO Craig Jelinek.
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AkonAkon

I made more money from ringtones than from my record label selling albums

I realized... the ringtone was only 15 seconds of the song but it was $4.99. ... I went straight for the ringtones and every song I made I made sure I did all ringtones for it. ... I end up being on the Guinness Book of World Records for most ringtones sold in the world and the good thing that I never gave him my digital rights. I was able to really make more money just from selling ringtones that I did in my label made from selling my albums.

Akon is officially recognized by Guinness World Records for this, and the high price of ringtones vs. singles in that era is a documented economic anomaly.
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Big CatBig Cat

Apple purposefully throttles iPhone battery life when a new model is about to be released

My iPhone on Saturday started, like, rapidly losing battery, getting way overheated... and then I Googled it... iPhone 12 coming out soon. Oh, it's fucking every single time. I don't understand how they're able to get away with this.

Apple admitted to slowing down older iPhones with aging batteries to prevent shutdowns and settled multiple lawsuits related to this practice.
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PFT CommenterPFT Commenter

Blockbuster not buying Netflix for $50 million is the worst business decision ever

This is an easy one blockbuster not buying Netflix 450 million dollars. Blockbusters like know people like coming into our physical retail locations for the smell... easy number one for me.

While subjective as 'the worst', the fact that they turned it down and subsequently went bankrupt while Netflix thrived is historical fact.
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Big CatBig Cat

Mark Cuban made a mistake by not buying 10% of Big Cat's brain for $1 million

I'll go with Mark Cuban up buying 10% of my brain he's an idiot that was a dumb business decision I'm going to make I'm going to make that money back it was for a million dollars he regrets it 1 million dollars and he got all my lifetime earning from that day forward.

Hot TakeBusinessHotSarcastic
Given Big Cat's massive success and the value of Barstool Sports, 10% of his future earnings for $1M would have been a legendary ROI for Cuban.
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Mark CubanMark Cuban

States will 100% legalize sports gambling post-pandemic for the tax revenue

One hundred percent. Absolutely. They need the tax revenue. And absolutely, the minute you can get one inside the arena... all in.

Following 2020, dozens of states legalized sports betting to generate revenue, and several NBA arenas (like the Wizards') now have on-site sportsbooks.
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Barbara CorcoranBarbara Corcoran

The 'Comfy' is my most profitable Shark Tank investment ever

The one that I made the most money on already in just a few short years, millions of dollars, is Comfy... They've sold over 70 million dollars... I took just a 30% of their interest just because I like the guys.

At the time of recording, this was true. The Comfy became a massive viral hit and remained one of her top earners.
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Barbara CorcoranBarbara Corcoran

My worst Shark Tank investment was a weight loss lipstick that burned people's lips

The lipstick that makes you lose weight. It doesn't make you lose weight. What it does is burns the crap out of your lips so you don't want to eat a hot dog... terrible. That's a real thing.

The product she is referring to is 'Skinny 24' or similar appetite-suppressing lip balms she invested in on the show which failed.
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Kevin O'LearyKevin O'Leary

WeWork is a disaster that will inevitably go to zero.

You are a zero and you're going to zero with a bullet... It always goes to zero because what you're basically doing is taking long-term debt obligations to either lease or buy a building and then you're providing short-term leases to some really shitty companies that don't make any money... It is a disaster on wheels.

WeWork eventually filed for bankruptcy in 2023 after its valuation crashed from $47 billion to essentially zero.
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Dana BDana B

There is a 90% chance I will sell $1,000,000 in Zillion Beers merch by Sunday

[What percent chance do you think you have to make a million?] A zillion? Yeah. Actually, 90%.

Dana B successfully reached the $1 million sales goal by the deadline.
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Mark CubanMark Cuban

AI will allow podcasts to be seamlessly translated into native languages like Chinese while preserving the original voice

I got this company Synthesia right where we can just over we could take train a voice to put on anybody... it looks like I'm saying it right because it matches all up... if we get you guys sitting there and training it for like 20 minutes and you want to have it done in Native Chinese or native Spanish or whatever. So it looks like you guys are doing the podcast.

In 2023, Spotify launched exactly this feature using OpenAI's voice-cloning technology.
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Mr. PortnoyMr. Portnoy

Uber should have a customer service phone number for when the app fails

These things like Uber... Would it be so terrible that there was a phone number to call if the thing wasn't working? There is no phone number. There is no one out there from Uber that has to respond to anything.

Uber famously lacked a direct support line for years, proving Mr. Portnoy's point about their customer service model.
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PFT CommenterPFT Commenter

I made $125,000 selling custom software in Austin at age 27

I think when I was 27 I made a hundred and twenty five thousand... I was selling software, custom software in Austin, Texas.

This is a personal biographical claim that can't be externally verified but is treated as show canon.
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Jon TafferJon Taffer

Red Bull uses predatory contracts to lock bars into exclusive energy drink deals

Red Bull has like predatory contracts. So when you sign a deal as a bar with Red Bull... in the contract, it says you are not allowed to do business with any other energy drink. They buy you in, so to speak, and they lock you in.

Exclusivity agreements are a standard and well-documented practice in beverage distribution for major brands.
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Jon TafferJon Taffer

The incidence of play on pinball machines is much higher when they are placed near dartboards

If you're going to have dartboards, you've got to have at least one pinball machine, and here's why. When people are waiting to play darts, they'll play pinball. And the incidence of play on pinball games is much higher when there's dartboards nearby for that reason.

Taffer is the leading expert on this specific niche of consumer behavior and his data is widely cited in his field.
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Fran FraschillaFran Fraschilla

Nike will sign Zion Williamson to a $75M-$100M deal because of his marketing potential

I think Nike's going to sign him to a $75 million to $100 million deal because, A, they owe it to him, but, B, this kid's going to sell sneakers... I guarantee you when he's in the NBA, they're going to double stitch those bad boys.

Zion signed a 7-year, $75 million deal with Jordan Brand (Nike) in July 2019.
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Kevin SmithKevin Smith

Investing in professional sports is a much smarter financial move than investing in movies

Putting money into movies is one of the most foolish investments you'll ever make in your life. Invest in sports. You know why? Because sports, people always want to go. Sports are seasonal. It's cyclical. Going to see a movie, that's a crapshoot, man. That's like Vegas.

As of the late 2010s and 2020s, sports franchise valuations have skyrocketed while the film industry has been disrupted by streaming.
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Daymond JohnDaymond John

Most professional athletes and lottery winners go bankrupt within three years of leaving the league or receiving the money

Athletes and lotto winners, they usually bankrupt three years either outside of leaving the league or receiving the money. And you can easily blow $20 million.

While the exact 'three year' window varies, the high rate of bankruptcy among pro athletes (e.g., 78% of NFL players within two years of retirement per a famous SI report) is a well-documented claim in financial literature.

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