reddit

Ryan and Emily discuss Cornel West switching to Green Party, Trump making his courtroom appearance, the US warned Ukraine about Nordstream, a report that Wuhan Lab workers were the first infected, Reddit going dark amid protests, did Starbucks ban Pride Displays?, Inflation the lowest in 2 years, Journalists applauding the Espionage Act, and an in depth interview with Glenn Greenwald.

To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/

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In 2021, scrappy young investors from across the world joined forces to buy GameStop stock, aiming to take down greedy hedge funds. What came next was tragedy, injustice, and a conspiratorial internet cult so stupid we had to do an episode about it.

To hear the rest of the show, support us on Patreon:
https://www.patreon.com/IfBooksPod

Brought to you by Amplitude—Build better products | Eppo—Run reliable, impactful experiments | Ahrefs—Improve your website's SEO for free

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Casey Winters is a longtime and legendary advisor and operator. He’s worked with companies like Airbnb, Faire, Canva, Whatnot, Thumbtack, Tinder, and Reddit and until recently was the Chief Product Officer at Eventbrite, where he managed the PM, design, research, and growth marketing teams. Before Eventbrite, he led growth and product teams at Pinterest and Grubhub. In today’s episode, we discuss what Casey calls the “zero interest rate phenomenon” product manager and how to avoid becoming one. He provides valuable insights on thinking outside popular frameworks, shipping products efficiently, and avoiding overreliance on user research. We explore the three types of network effects, how to leverage them, and how to break someone else’s network effect. Finally, Casey shares his contrarian approach to interviewing product managers and his thoughts on the future of PM roles with AI.

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Find the full transcript at: https://www.lennyspodcast.com/thinking-beyond-frameworks-casey-winters-pinterest-eventbrite-airbnb-tinder-canva-reddit-grubhub/

—

Where to find Casey Winters:

• Twitter: https://twitter.com/onecaseman

• LinkedIn: https://www.linkedin.com/in/caseywinters/

• Blog: https://caseyaccidental.com/

—

Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• Twitter: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

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In this episode, we cover:

(00:00) Casey’s background

(03:36) What Casey is up to

(05:24) Why the CPO position is frequently short-lived

(07:26) What Casey learned in his role as CPO of Eventbrite

(10:15) The “zero interest rate phenomenon” product manager

(12:17) Advice for thinking outside common frameworks

(18:35) When to bring in research

(21:16) What Whatnot does

(21:59) Casey’s approach to interviewing PMs 

(23:29) Red flags in interview responses

(24:27) The future of product management with AI

(27:47) Founder intuition vs. team expertise

(33:33) How to influence founders

(37:17) Adding the delivery driver app at Grubhub

(40:00) Network effects

(43:10) Why Zillow is a sticky product

(44:05) How Grubhub’s network effect got taken over by DoorDash and Uber Eats

(51:47) Don’t underestimate the competition

(54:43) SaaS adding marketplace and vice versa

(01:02:30) Defining marketplaces

(1:03:34) What Substack is nailing

(1:05:43) Tips for B2C subscription startups

(1:13:15) Lightning round

—

Referenced:

• Casey Winters on Lenny’s Podcast previously: https://www.lennyspodcast.com/how-to-sell-your-ideas-and-rise-within-your-company-casey-winters-eventbrite/

• Whatnot: https://www.whatnot.com/

• The 700-calorie breakfast you should eat if you want to live forever, according to futurist Ray Kurzweil: https://www.businessinsider.com/what-ray-kurzweil-eats-to-live-forever-2016-4

• The Way of the Gun on Hulu: https://www.hulu.com/movie/the-way-of-the-gun-0fc9590c-3f85-48ab-96e9-1da1b9695065

• Notion AI: https://www.notion.so/product/ai

• Zapier: https://zapier.com/

• Founder intuition vs. team expertise vs. customer expertise: https://caseyaccidental.com/founder-intuition-team-expertise/

• Erika Warren on LinkedIn: https://www.linkedin.com/in/erika-warren/

• Alyssa Ravasio (Hipcamp) on LinkedIn: https://www.linkedin.com/in/alyssa-ravasio-23114717/

• Marketplace supply strategy: comprehensive, exclusive, or curated: https://a16z.com/2021/03/31/marketplace-supply-strategy/

• Nassim Taleb on Twitter: https://twitter.com/nntaleb

• The Innovator’s Dilemma: The Revolutionary Book That Will Change the Way You Do Business: https://www.amazon.com/Innovators-Dilemma-Revolutionary-Change-Business/dp/0062060244

• OpenTable: https://www.opentable.com/

• Booking.com: https://www.booking.com/

• Faire: https://www.faire.com/

• How to increase your retention: https://www.lennysnewsletter.com/p/how-to-increase-your-retention-issue

• The Goal: A Process of Ongoing Improvement: https://www.amazon.com/Goal-Process-Ongoing-Improvement/dp/0884271951

• Thinking, Fast and Slow: https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555/r

• Profit from the Core: A Return to Growth in Turbulent Times: https://www.amazon.com/Profit-Core-Return-Growth-Turbulent/dp/1422131114/

• Party Down on Starz: https://www.starz.com/us/en/series/party-down/2011

• The Last of Us on HBO: https://www.hbo.com/the-last-of-us

• Station Eleven on HBO Max: https://www.hbomax.com/series/urn:hbo:series:GYZWoOQ6F9cLDCAEAAABP

• Kicking and Screaming on Netflix: https://www.netflix.com/title/70052286

• Raven by Kelela on Spotify: https://open.spotify.com/album/06uhdSmIYrWRkdnAPjcRcT

• Optical Delusion by Orbital on Spotify: https://open.spotify.com/album/2jQbFspnSh7erex6RDKQGJ

• Stakes Is High by De La Soul on Spotify: https://open.spotify.com/album/3jlC2uhYNrhikZXLviEnpu

—

Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

The Friday variety show is back! Jason kicks it off by interviewing WallStreetBets founder Jaime Rogozinski, who's currently suing Reddit (2:08). Then, Molly is joined by Hyper CEO Andrew Hart to discuss the augmented reality market and Hyper's store-mapping technology (30:16). Producer Rachel wraps the show with content creator Humphrey Yang breaking down his creative process, what he considers valuable metrics, and so much more (53:40).

(0:00) Molly kicks off the show

(2:08) WSB milestones and arbitrage

(12:07) Contra - Get $500 off your first hire at https://contra.com/twist

(13:36) How Reddit works + the WSB controversy

(23:42) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(24:45) Jaime’s ideal solution

(30:16) Andrew Hart of Hyper

(33:57) Creating the ultimate user experience

(39:19) Retreat - head to http://planretreat.com/twistto help you plan the offsite your team deserves!

(40:43) Mapping store and onboarding customers

(45:55) Hyper’s development and future opportunities

(53:40) Ok Boomer with Humphrey Yang

FOLLOW Jaime: https://twitter.com/wallstreetbets

FOLLOW Andrew: https://twitter.com/AndrewHartAR

FOLLOW Humphrey: https://twitter.com/Humphreytalks

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

This episode contains strong language.

GameStop can feel like a retailer from a bygone era. But last week, it was dragged back into the zeitgeist when it became the center of an online war between members of an irreverent Reddit subforum and hedge funds — one that left Wall Street billions of dollars out of pocket.

Today, we look at how and why the GameStop surge happened, as well as how it can be viewed as the story of our time.

Guests: Taylor Lorenz, a technology reporter covering internet culture for The New York Times; and Andrew Ross Sorkin, a financial columnist for The Times. 

For an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. You can read the latest edition here.

Background reading: 

• GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze on Wall Street.
• A legion of young people — primarily male — have been pouring into digital trading floors for years, raised on social media and eager to teach themselves about stocks. These are the misfits shaking up Wall Street.
• It has been a weird time in the stock market, where a video game retailer has suddenly become the center of attention. Here are four things you need to know about the GameStop insanity. 

For more information on today’s episode, visit nytimes.com/thedaily 

Wall Street gets stonked as Reddit games the GameStop stock; San Francisco decides to crack down on schools named after Abraham Lincoln and George Washington; and John Kerry is reporting for climate duty.

Get your copy of "How to Destroy America in Three Easy Steps" here: https://utm.io/uHjV

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In recent weeks, before the stock market plunged, a page on reddit called r/WallStreetBets suddenly started exhibiting enormous influence on a handful of stocks. The emergence of online chat rooms making huge wagers in the market calls to mind the message boards of the dotcom era. But this page is taking it to a new level. On this week's episode, we're joined by Bloomberg News reporter Luke Kawa, who has been covering the page, as well as the page's founder, Jaime Rogozinski, who started it up in 2012.

See omnystudio.com/listener for privacy information.

Ben and Amory discuss a Reddit deep-dive about the Australian wildfires and one man's very, very long reading list.

What do Bill Gates, finding your soul mate, and charting a new life path have in common? Reddit Gifts! The world's largest anonymous gift exchange has led to some unexpected outcomes.

A Redditor named ‘batbrat’ has been quietly solving mysteries for years – identifying everything from a Victorian mourning ring from the 1800s to a single bone of a deer – and others have started to take notice. "Who are you?," one Redditor asked. In today's Snacktime, we find out...

Hey football fans, ever heard of the Chicago Bears Principle? How about Winter Magic? Or the UFL? In this Super Bowl-themed episode, Redditors educate us on the stats, the halftime history books, and tackle football on wheels.

Chicken patrol. Tiny plates. Purses lined with plastic bags. We peek behind the curtain of the strange world of all-you-can-eat buffets, from the strategies buffet owners use to protect their profits, to the hungry customers who try to game the system.

An elite unit of trolls is engaged in an existential battle against hate speech on the internet. This is their story.

The Endless Thread team has been hard at work on a new season of episodes. Don't believe us? We have proof! Take a listen to our trailer for Season 2. 

In this "Snacktime" episode, we chow down on two stories that were sent to us by listeners. The first, a look at how baseball fans on Reddit mark Major League Baseball's annual July trade deadline -- with a trade of their own. Then, a story involving a husband and wife, dinner at the boss' house, and a steak getting thrown out the window... almost.