🍌 “Dancers in the Outfield” — Savannah Bananas’ baseball disruptor. Palantir’s AI beliefs. ThredUp’s tariff win. +Hellman’s mayo wedding.

0:28This is Nick. hand clothing app is a top performer in the market this year. ThredUp is up 600%. 600 % because your old sweatshirt is winning thanks to the Triple F, frugal, friendly finance. For our second story, the Savannah Bananas baseball team sold out two straight nights at Yankee Stadium. Because this baseball team rebuilt the sport from scratch with a focus on fans and TikTok dances. And our third and final story, Palantir makes AI software for national defense. Their business is controversial. Their stock price is too. So Jack and I will explain Palantir's stock price with a little help from an Hermes handbag.

1:11But Yetis, before we hit that wonderful mix of stories. I mean, like we said, fantastic mix. Love the mix, Jack. Dearly beloved, we are gathered here today to join together this man and this woman in holy mayonnaise. Get this, Yetis. Hellman's Mayonnaise just sponsored a wedding. We repeat, the world's largest mayo brand just officiated a wedding ceremony. The two newlyweds didn't say, I do. They said, I dip. Jack, the toasts were literal toast. And the dress code, warning, may contain eggs. Sorry, I'm sorry. I'm allergic. I abstain. Yetis, this is a true story. Unilever, the company that owns Hellman's, hosted a wedding in Las Vegas for two Hellman's superfans.

1:51And Unilever's worth 150 billion bucks, so they do have budget for a branded matrimony. And this mayonnaise wedding was so big, it got picked up by the Wall Street Journal. And we keep saying mayonnaise wedding, and I just, I can't, I can't continue on. Nick, at this wedding, instead of cutting a cake at the end to celebrate, they opened a tube of mayo. It's gross. Actually, again, I may have to remove myself. But brand sponsoring weddings actually isn't totally new. Now Jack and I jumped in T-boy style, Dolce & Gabbana sponsored and hosted Kourtney Kardashian's nuptials. And And Taco Bell opened a wedding chapel in Las Vegas a few years ago.

2:24700 happy couples have been married over a gordita. But in this economy, the average wedding costs$36 ,000. And in this economy, the average couple wants to go viral. So Hellman's just made both happen. They made the wedding free for the couple, and they made it take off on TikTok. And you know what, Jack? That's a beautiful thing. So besties, if anyone believes these two should not be wed, speak now or forever hold your peace. I think you mean hold your mayo. Hold the mail, guys. Hold the mail. Jack, let's say our three stories. 15 years before this song, two boys from the Northeast met in a dorm.

2:59They had an idea to cause a cultural storm. It's the best one yet, but the best is the norm. Jack Nick, that's it. I don't even think they need to practice. 50%, that's a fat tip. T-Boy City on your at list. If you know, you know, cause we ready to go. We can't wait no more, so just start the show.

3:20Start the show. First, a quick word from our sponsor.

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4:25Indeed.com slash podcast and mention T-Boy. Terms and conditions apply. Need a hiring hero? This is a job for Indeed-sponsored jobs. Monarch. Yeah, it is. You know my first money lesson? It was where to put our lemonade stand. I was wondering, it was on the Upper East Side. Do we do it on Lexington Avenue or Park Avenue? Wait a second. New York City has lemonade stands on the sidewalk? They didn't. We were pioneers, Jack. Lexington Avenue is more commercial. So park is more residential. So what did we learn, Jack? Families are willing to pay more for lemonade. So you set it up on park. Yeah, we did it on park.

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6:19For our first story, secondhand shopping has officially had its mainstream moment. And ThredUp, the online thrift store, is up 600 % this year, thanks to it. 600%. But we have to talk about Razz, resale as a service. Now, Yetis, let's check the calendars here, because the last time Jack and I covered ThredUp was April 9th, 2025. One week after Trump's Liberation Day tariffs. And at the time, we predicted that ThredUp would be a trade war winner. And here's why we said it. Xi 'an controls half of the U.S. fast fashion market. But the trade war, oh, it basically killed their business model. Trump closed the tariff loophole that let Xi 'an operate duty-free to sell cute tops online right to your door.

7:05That cute top had a price pop. How about Zara and H &M, the fast fashion OGs? Well, Jack, they're made in Vietnam, Bangladesh, and China. And each of those countries has had a 20 to 30 % tariff the last time we checked. But ThredUp, their supply chain is your closet. Secondhand clothing is tariff-proof. That's right. Industries like consignment are part of the frugal finance trend that we thought would be a boom during the trade war. And since we said that on April 9th, ThredUp stock has more than tripled. It's up 600 % this year. Prada just fell over. I'm kicking myself for not buying ThredUp stock when we covered it on April 9th.

7:44Yeah, yeah, but we're not bragging here. We didn't buy the stock. So it's like we noticed this and then didn't do anything about it. If one of you did because of our story, let us know in the comments. You're welcome. And send us a Venmo. It's all part of the frugal finance fashion movement. But then this Tuesday happened when Oakland-based ThredUp jumped 10 % in the stock market to an all-time high. And the reason we discovered is one crazy hero stat. Get this. Capital One Research finds that nearly one-third of clothing purchases in the U.S. is secondhand. A third of them thrifting. It's not just a weekend leisure activity for hipsters at the flea market.

8:20One set check. Honey, is this staying noticeable? Okay. Resale is one out of three clothing items purchased in America. That's way bigger than I thought. Now, that is most dominated by local thrift stores, but ThredUp is the publicly traded stock winner of this sector. Every day, ThredUP receives, inspects, cleans, and puts up for sale a thousand secondhand items that customers send in from their closet. By the way, a little side note here, the five bestselling brands to resell on ThredUP, what did we discover, Jack? According to ThredUP data, it's Viore, Lululemon, Quince, Reformation, and Cezanne.

8:56Which is four-fifths of Molly's and my closet right now. No, I mean, I'm bummed ThredUP doesn't do men's clothing. What are they waiting for? I would totally get in on this. We have a quince bag in a Cezanne box with the Viore label on it right now, man. Molly could have got them for half off on ThredUp, dude. Now, basties, if you are Viore, you must be annoyed that ThredUp is making money on your secondhand clothing that your customers are selling. But as of this year, Viore actually has a solution to solve that annoyance. So, Jack, what's the takeaway for our buddies over at ThredUp? It's a new industry that ThredUp created.

9:31Resale as a service. Rass. Yes, Yetis. Several brands have built their own pre-owned businesses, like BMW has pre-owned cars, Levi's has pre-owned pants, Patagonia has one too. It's strategic to launch your own second-hand store because you as the brand get to maintain quality control, protect the brand, and make a little money on their side. But it's also expensive to fix, to clean, to schlep, to resell. That is a complicated business right there. Yeah, fashion brands, generally speaking, don't do dry cleaning, But that's what resale is. It's laundering. Well, in the first quarter, ThredUp launched resale as a service for other companies.

10:10Which has allowed a brand like Athleta to launch their own pre-owned website, but without having to get their hands dirty in laundry. Because it's run by ThredUp. Like, ThredUp is doing the cleaning, the fixing, the reselling behind the scenes of those used Athleta leggings. Yetis, the resale business is tough. Laundry and logistics, that's a low-margin business. So ThredUp has never turned a quarterly profit yet. But this RAS business, it could help them get there. And customers are more likely to trust that secondhand Lululemon if it's approved by Lululemon and serviced by ThredUp. So add it all up, besties, and this is the birth of a whole new industry ThredUp invented.

10:46RAS. Resale as a service.

10:52For our second story, Another awesome earnings report from Palantir. It is now the best S &P 500 stock of last year and this year. Because of the three B's of AI. Billions, brilliance, and beliefs. Yetis, in order for us to tell you the tale of Palantir, let's go back to 2018, when a big-haired guy named Alex Karp made a contrarian bet. Alex Karp believed that tech should do everything it can to help the U.S. military. And now let's sprinkle on some context here. At the time, progressive employees at Google disagreed with that philosophy. So much so that they forced management to cancel a giant and lucrative contract with the U.S.

11:37military. But from that point on, this man, Alex Karp, was a committed contrarian, unapologetically pro-United States. And you can see it in Palantir's 2020 IPO paperwork. The paperwork says, our company was founded in Silicon Valley, but we seem to share fewer and fewer of the technology sector's values and commitments. Those are the words of Alex Karp. He believes he is keeping the country safer by supplying the government with cutting-edge intelligence. And that's why, back after 9-11, he created Palantir, the company, with his buddy Peter Thiel. Never again would U.S. intelligence fail to connect the dots.

12:14And those many years ago, they named this defense company after the magical future-seeing orb from Lord of the Rings, a.k.a. a Palantir. But whether Palantir is on the side of Frodo or Sauron depends on your perspective. Because the latest reason Palantir is controversial is supporting ICE. Palantir's intel is currently helping the Trump administration deport people, so it's been controversial. Either way, Palantir was the best S &P 500 stock of 2024, rising 340 % last year. And Palantir is now on pace to win 2025 as well. It just announced their first quarter ever, hitting a billion dollars of revenue.

12:52We're talking 33 cents of every dollar Palantir makes, pure profit puppy. Revenue surged 48%, and in just the last three months, they closed 157 deals worth at least a million dollars. Palantir just snagged a$10 billion deal with the U.S. Army that would make the hobbits jealous. Governments and companies are splurging for Palantir's CIA-level intelligence services to help them figure out anything using the internet and AI. As Alex Karp would say, carpe diem. But yetis, at a certain point, even the best company can have a stock that's overpriced. Because in the last 18 months, the stock of Palantir has 12x'd.

13:34But Jack, what about their revenues over that same period? While the stock has 12X'd, the revenues have only doubled. So when a stock is growing six times faster than the business is growing, Wall Street could actually be a little too excited about Palantir's stock right now. We jumped in T-boy style. If you use the price to stock ratio as a measurement for how expensive a stock is, then Palantir is three times more expensive than the number two most expensive stock in the S &P 500. It's kind of like an Aramaze Birkenberg. Like, the price is high. The question, though, is, is the value there? Is the underlying business worth the incredibly high stock price?

14:13Works for stocks, works for roomy bags. So, Jack, what's the takeaway for our buddies over at Surging Palantir? To win in artificial intelligence, you need billions, brilliance, or beliefs. We're the triple Fs for our buddies over at ThredUp, but we got the three Bs for Palantir. Here's how this breaks down, Yetis. The battle of AI supremacy is one that Palantir CEO says will define our generation. Just like when the U.S. raced to invent the atomic bomb before Germany, Alex Karp thinks tech and the government should collaborate. But here's the key. The company that will win AI is the company that wins recruiting.

14:50So here are the three ways we noticed big leaders are recruiting an AI. Zuckerberg is recruiting top AI talent with his billions of dollars. Elon Musk and Sam Altman are recruiting that talent with their brilliance. And Alex Karp is recruiting with his beliefs. He even published a New York Times bestselling book this year on his beliefs about technology and collabing with government. Because the way we see it, to win in AI, you need to recruit. And to recruit, you need either billions, brilliance, or beliefs. Now, a quick word from our sponsor. NetSuite next. Yetis, they say time travel is not possible.

15:29But have you heard of this theory? Every day your business is late to AI, you fall two days behind. Therefore, if you get ahead of AI, that means you're basically traveling two days into the future. I'm actually fact-checking that math with Christopher Nolan right now. Yeah, we got to double-check that. But that is definitely how NetSuite Next works, because the next leap in how business gets done is by sticking AI into everything you do. NetSuite by Oracle helps you do that. It automatically surfaces custom insights because their AI has the context of all your business data. AI agents work with you to solve daily problems, saving you time and money.

15:59And anytime you have a question, you just ask them like they're your colleagues. So besties, if you aren't sure how to use AI for your company, this is honestly the perfect place for you to start. NetSuite. And once you use it, it'll feel like time travel with Michael J. Fox. In a good way. So yeah, it is for the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to netsuite.ai slash tboy. Built for every industry, ready for every boardroom. netsuite.ai slash tboy. Built. Yeah, it is. Full disclosure. I used to own an apartment, but then my wife and I sold it, and now we're back to renting, baby.

16:31I'm owning, but we both suffer the same issue, Nick and me. Yeah, we do. We're not getting points on rent or mortgage payments right now. Yeah, that's why we were shocked and are now both seriously considering what we just heard from Bilt. This is wild. Because paying for the roof over your head, it's our single biggest expense. Whether you rent or you own, that's the case. Well, Bilt will pay your mortgage or your rent for you so you get the points. Points can be redeemed toward your next flight, hotel, lift ride, amazon.com purchase, and more. Personally, I'd use them in the Built travel portal or simply use them toward a future rent payment.

17:03And one unexpected benefit of Built is that every member gets access to its agentic neighborhood concierge in the Built app. First, you download the Built app. Second, you link your credit or debit card. And then you ask the Built neighborhood concierge to basically be your AI butler. Makes you feel fancy. So download the Built app and join the membership for where you live at joinbuilt.com slash tboy. That's J-O-I-N-B-I-L-T dot com slash T-B-O-Y. Use our link joinbuilt.com slash tboy so they know Nick and Jack sent you.

17:33For our third and final story, the Savannah Bananas are selling out stadiums and disrupting the pros with a new form of baseball, Banana Ball. They tore down baseball and rebuilt it from scratch, even though it doesn't scale. Now, if Jack's dad, Big Ted, is listening right now, trigger warning, you're going to want to put an earmuffs. Actually, turn off the podcast and go find like, turn your dial to 660 AM radio and listen to Mike and the Mad Dog. Now to everyone else listening, imagine a baseball game where the batter is breakdancing, the pitcher is singing, and the catcher is cabareeing, oh wait, on stilts.

18:12That would be the Savannah Bananas. It's the Harlem Globetrotters meets Broadway musical with the business model of the circus. It's basically Cirque to World Series. One second, Jack. The umpire just paused the game to play musical chairs in left field. This is a traveling baseball show founded by a husband and wife, Jesse and Emily Cole, during the pandemic. And now they've got 11 million followers on TikTok, which by comparison is 3 million more than Major League Baseball. And it's not just likes and follows that this company is generating. The Savannah Bananas have revenues and profits too.

18:48They've already played the sellout crowds at Fenway and 80 ,000 people at Clemson's football stadium. And this September, the Savannah Bananas will do what the Yankees usually don't. They will sell out Yankee Stadium two nights in a row. Now, even if you don't respect the shortstop doing the Macarena, you cannot deny these numbers. And Major League Baseball either loves the attention that the Bananas are bringing to the game or is very self-conscious about this whole thing. But besties, what Jack and I found fascinating here is that the Savannah Bananas business strategy would make Billy Bean blush.

19:23They've achieved all their growth without any paid advertising. Basically, they sat down and dissected the sport of baseball at each pain point. And then they found a solution that'd be considered entertaining. The principle is, instead of doing what the players and owners need, do what the fans actually want. Yeah, the paying customers. And the result is something called banana ball. For example, each game is capped at two hours. It will not go beyond that. There's actually a countdown clock because the kids in the stands have a bedtime. Here's another one. If a foul ball is caught by a fan, that counts as an out.

19:58So an eight-year-old fan is literally part of the game. They also open the stadium two years early to do autographs before the game, not after. So there's no waiting for the parents out there. And games are only on Thursday through Sunday nights. Which means fewer school night issues and fewer arguments between families. But the most fan-friendly element of this team is actually the one that my dad would love. Every ticket for a home game of the Savannah Bananas includes free food. All you can eat Cokes, hot dogs, burgers, chicken, sandoz, cookies. It's paid for by the team. Alcohol and ice cream you still have to pay for, but my dad is fine with that.

20:34And that probably pays for all the hot dogs, Jack. So how have the Savannah Bananas won so much love? It's those moves we just mentioned. It's word of mouth growth. That has been their powerful growth driver. And of course, the TikTok virality has helped too. The Savannah Bananas don't have tryouts. They have rehearsals. They're literally called rehearsals. Dancing and silliness is core to the job, but the players are potential MLBers. It's still quality ball you're watching. I think they're just short of MLB, but they are good baseball players, you're right. Now, besties, this strategy is wrong if you're a baseball purist, but it's right if you're a disruptor.

21:07Great products have tension. For the Savannah Bananas, the tension is being unserious while playing serious baseball. By the way, Jack, do you know how they got the name Savannah Bananas? Well, they're based in Savannah and it rhymes with banana. What do you think? That's good. Basically, the founder said he just tried to think of the stupidest name he could think of. And then they were down to like$0. So we spent it all on the logo because he said this is a marketing business. It has to look legit and have a stupid name. Although I don't think UC Santa Cruz Banana Slugs is thrilled about their banana monopoly in sports being taken over.

21:44It's encroaching on the dumb name idea, Jack. What's the takeaway for our buddies over at the Savannah Bananas? Do things that don't scale in order to scale. Yeti's Jesse and Emily own 100 % of the bananas business, and they've said they'll never take on another investor or sell the company. They also said they weren't inspired by baseball. They were inspired by SNL, WWE, Taylor Swift, and Disney. And one theme we've noticed from their profit puppy of entertainment is that they do the things that don't scale. When they were just beginning, they would call on the phone everyone who bought a ticket and personally thank them for doing so.

22:20They don't just do a shout out for a birthday on the Jumbotron. They spend hours preparing elaborate skits to do that birthday shout out at the game. And they don't use Ticketmaster even though that'd be way more scalable. They sell tickets themselves to make sure fans don't pay fees. If the bananas had venture capital investors, they'd be yelling at Jesse and Emily that those ideas aren't scalable. And yet they have scaled to fill entire NFL football stadiums. We estimate they're on pace to do a hundred million in revenue this year. Besties, the bananas are a reminder that you don't have to build for scale.

22:53You can build for delight.

22:59Jack, could you whip up the takeaways for us for Saviche Wednesday? ThredUp stock is up 600 % this year because of frugal, friendly finance, and it's winning the trade war. And because of RAS, resale as a service. That is a brand new industry. For our second story, Palantir stock has 12X'd in the last 18 months as it's been crowned an early winner of artificial intelligence. But to recruit in AI, you need billions, you need brilliance, or you need beliefs. And our third and final story is the Savannah Bananas. They're disrupting baseball. Purists hate it, but man, is it entertaining. Earmuffs, Big Ten, earmuffs.

23:36The lesson here, they're doing things that don't scale in order to scale. But yetis, this pod's not over yet. Here's what else you need to know today. First, NASA wants to build a nuclear reactor on the moon by 2029. The space agency plans to land a small nuclear reactor on the surface of the moon to power stuff up there. Yeah, they're actually accepting proposals right now. So like if you have blueprints or a plan or you got a buddy who's like deep into the nukes, this is your opportunity. If we build Moontown City. Moon. Yeah, I was gonna say USA. Well, the TVs there will run on nuclear power.

24:12And second, Snapchat announced earnings that caused the stock to fall 15 % yesterday. One reason for the decline sounded like an excuse. They blamed the timing of Ramadan. When you're blaming holidays, not a good look to the analysts. Now, Evan Spiegel controls 50 % of the voting shows of the company. So he's in charge of what happens at Snapchat. And he is still committed to Snapchat spectacles. He believes Snap will have the computing gadget of the future. And finally, a big update on the alumni of the HBO TV show, Succession. Okay, guess who's doing the voice of Voldemort for the new full cast Harry Potter audiobook?

24:49Tom Wamsgans. Yeah, Tom's doing it. He's going to be picking on Greg like he's a little Slytherin. And guess who's going to play Mark Zuckerberg in the Social Network sequel done by Aaron Sorkin? Kendall Roy is the lead contender right now. It's like the PayPal mafia. Those who were on the show Succession, it was a launch pad for their acting careers. But I think we can all agree, Jack, that Cousin Greg was a Hufflepuff. Just feels like a Hufflepuff kind of a guy. Now time for the best fact yet. This one, a question sent in by a Yeti named Noah Whitler. Jack, what's the cue? Noah has a senior graduation goal of having a million dollars.

25:27So he asked Nick and me, what is one thing as a teenager we wish we knew about investing? One piece of advice Jack and I may have if you're a teenager getting into investing. Everyone says a dollar saved is a dollar earned. We don't think so. A dollar saved is a dollar invested. And money invested in the stock market has doubled every seven years for the last 100 years. You have to wait for things to grow. but money in the stock market does grow faster than you realize. After seven years, your money has doubled. After 14 years, it's quadrupled. After 21 years, your money has octupled. And after 28 years, Nick, your money is 16 times bigger than when it began in the stock market.

26:07And now there's no guarantee that future result happens, but that has been the traditional result in the past. Everyone's trying to sell a get-rich-quick scheme. We think you have a much better chance of getting rich slow. And yeah, we don't care what the lawyers say. That is financial advice. Yetis, you look fantastic today. And if you're going to be having, I don't know, a Hershey's chocolate wedding anytime soon, yeah, you can DM us, Jack and I will RSVP, yes. It's still on our bucket list to attend a Yeti wedding. Yeah, it is, it is. And if the theme of the wedding is based on this podcast, I want in on that throuple.

26:42Hold the mail, hold the mail. Besties, tell a buddy today, HYH-TV-O-Y, that is how we grow the show. Have you had the best one yet? If you know, you know.

26:57And before we go, a shout out to Yeti Zaid Aboufalade over in Amman, Jordan, who has been listening to our show for seven years since the very first Market Stacks. Thank you, Zaid. Happy birthday to Dil Wynn down in New Orleans, who also just started a coffee business. We'll take a half-calf, half-calf. and Gary Kleiman over in Livingston, New Jersey. Happy birthday. Celebrate the wins. Happy 10th birthday to Adrian Chuparin in Gatorsburg, Maryland. And Shahil and Julie Patel over in Brooklyn. Congratulations on the best anniversary yet. And to anyone else who celebrates something today, make it a T-boy.

27:33Celebrate the wins.

27:38This is Jack. I own stock of Disney. Nick owns stock of Lululemon. And we both own ETFs of the S &P 500. There are moments that reveal who we are and who we're meant to become. For those born to lead, such moments call for a vehicle of equal distinction. Dynamic by design, uncompromising in execution, the Range Rover Sport was engineered for those rare individuals who demand the world and possess the conviction to claim it. When your time to lead arrives, you need a vehicle that rises to meet it. The Range Rover Sport. Exclusive offers available now. Explore further at rangerover.com. Thank you.