🧹 “Don’t make the bed” — Airbnb’s chore ban. Zuck’s California empire. Skullcandy’s fighter brand. +Baby-Free airline

0:29This is Nick. This is Jack. it on CNN. In fact, it's related to our first story on today's T-Boy. Jack, what are the three fantastic stories of today's show? For our first story, put down the mop and forget about the laundry. Yep. Airbnb is banning chores before checkout. We'll tell you why CEO Brian Chesky doesn't want you to clean the dishes anymore. For our second story, Skullcandy is getting acquired by Bose, the coolest headset just sold to the nerdiest. But this headset story is really about snowboards, MIT, and fighter brands. And our third and final story, the biggest surprise and met his earnings this week, Zuckerberg threatened to sell his home.

1:03Zuck was about to quit California to avoid the new wealth tax until the board created a brand new stock. But besties, before we hit that wonderful mix of stories. Whoa, what a mix of stories to go into the weekend with. Love the mix, Jack. Free checked bags, priority seating, complimentary glasses of champagne. No, no, no, no, no, besties. The newest airplane perk, it's no crying babies. JetBlue is testing the first ever adults-only commercial flights. Diaper smells? Not happening. Is that a stroller in the overhead? No, they're not allowed. Can someone tell that parent that the child's headsets are not plugged into the iPad right now?

1:37Not on this plane, Nick, because nobody under 18 is on board. Which means there will be no toddlers screaming in your face from C-34B. To sprinkle on some context, JetBlue is testing this baby-free flight from New York to Fort Lauderdale. Part of a partnership with Virgin for adults traveling to a cruise. And the ticket includes a$100 bar credit for these adults. Not too shabby for gin and tonics, not milk and Cheerios. And JetBlue is referring to this as, do not disturb travel. Jack, what do we refer to this as? Air dink. Air dink. Full disclosure, Eddies, this is Nick and Jack, and we both have spent the last few years happily flying with babies.

2:13I'm not sure I'd say happily is my state when I'm traveling with my children. But flying, yes. Yeah, our son Max, he's done 13 cross-country flights at this point. I think he's like gold medallion stylist on Delta right now. So look, we appreciate everyone's patience with the inevitable crying that's going to happen now and then. But Jack and I want to point out that there already is a baby-free airplane option if you really want it. It's called flying private. It's called noise-canceling headphones. I'm sorry, I don't have sympathy. No sympathy for those parents. Wheels up, Jack. Let's hit our three fantastic stories.

2:44Fifteen years before this song, two boys from the Northeast met in the dorm. They 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.

3:09Start the show. Start the show. First, a quick word from our sponsor.

3:20Lisa. Yetis, we're storytellers. We do it for a living. And right now, we're also telling you a story. Well, Nick, now that we have kids, the pressure is on for bedtime stories. A lot of pressure, a lot of pressure. But recently, I have not delivered. No, I know. My bedtime stories have sagged. The pod son told me, Jack. Actually, I'm just kidding. The mattress has sagged. The spring coils, they're crinkling pretty bad. So Jack replaced his son's bunk bed mattress with a Lisa hybrid mattress. Yeah. Now, I should point out, I already have a Lisa mattress for myself personally, but now I have one for my bunk beds as well.

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4:18That's L-E-E-S-A.com promo code T-B-O-Y for up to 30 % off mattresses, plus an extra$50 off. Let them know what we sent you in the survey after checkout. Monarch. Yetis, did you guys get that grandma check for your birthdays growing up? A white letter envelope stuffed inside a wonderful handwritten card. Great penmanship. Great penmanship. Oh, I just wish I'd had a way to add all those checks up or track them or store them in a piggy bank. If I had Monarch as a kid, I would have known my account balances and watched them grow in probably a savings account before splurging on something awesome to treat myself.

4:50Because Monarch is the money app that we'd always wish we'd had. And when I say something awesome, I mean like a bunch of free spots probably. Yeah, using Monarch today, we know how much our money was going to taxis or it could have gone to scooters and subways instead. With all your accounts securely linked to Monarch, it's like having a financial advisor in your pocket and on your computer. With weekly AI recaps to update you on your spending spikes that you definitely ignored. And while most apps tell you only what you've already spent, Monarch helps you set future spending goals. It's the kind of money app that your grandma would have loved with all her heart.

5:19Write your own money story with Monarch. Use code tboy at monarch.com to get your first year of Monarch or half off at just 50 bucks. That's 50 % off your first year at monarch.com with code T-B-O-Y. For our first story, Airbnb has outlawed requiring guests to strip the bed or clean the dishes. And Airbnb partnered with Amex Travel because in this economy, you need value. But in the K-shaped economy, you need looks. Now, full disclosure, this is Jack. I'm both an Airbnb guest and Airbnb super host. I used to be an Airbnb shareholder, and I just talked about about Airbnb's latest news on CNN. Yeah, T-Boy did a hit, hair and makeup on CNN.

6:00Check out our YouTube channel to see that. So you got some big feelings on this story, don't you, Jack? Yeah, but to paraphrase Jane Austen, Nick, it is a truth universally acknowledged that a single traveler in possession of a good Airbnb does not want to remove the sheets from the bed before they leave. You see, Eddie's Airbnb just announced a new policy on house rules effective November 20th. Hosts cannot ask the guests to do, quote unquote, unreasonable tasks before checking out. I'm sorry, Jack, can you sprinkle in some context to what unreasonable tasks would be? Airbnb gave some guidance.

6:30Checkout chores shall not require significant time or effort. And shan't not include things, quote, typically performed by a cleaner. Because you're paying a cleaning fee, you shouldn't have to also clean yourself. We're talking no stripping beds, no washing dishes, and no hauling out the trash to the middle of nowhere, wherever that bin is. And Nick and I approve of this new policy. We do, we do. You're on vacation from your chores. Like, that's why you go on vacation, to not have to do chores. I mean, Jack, the real villain here is the fitted sheet. Yeah, nobody on vacation should have to wrestle one of those off a queen-size mattress.

7:02I mean, my greatest enemy in life, Jack, is the refitting of a duvet. If I have to touch a duvet, I can't even get started on a duvet. I one time terrified my children because they caught me mid-duvet changing. I mean, Jack, cleaning is like a physical fee if you have to do it yourself. But this announcement is not zero-sum. No, it's not. Because two groups are happy about it, and only one is mad. The guests are of course happy about this upgrade. Not having to do chores is an effective price cut. But the hosts are furious about it. There's already a change.org petition that has 7 ,000 signatures really angry at Airbnb for this move.

7:35We should put out there's a little bit of hypocrisy here among you Airbnb hosts, Jack. No, not the hosts. Airbnb. They say this is for living like a local, but I guess not the part where you do the dishes. Well, either way, investors are very happy about the changes. This travel company is having a McMansion of a year. It's up 37 % on the stock market in the last 12 months, and the stock rose 2 % yesterday on the news. Because in this economy, Yetis, you gotta be serving up a value meal. So Airbnb is effectively cutting guests' prices by banning chores and shifting the cost burden from the guest to the host.

8:10But pause the pause, Jack, because it wasn't just the chores. Airbnb is giving its brand a little bit of Botox right now, right? Yesterday, Airbnb also announced a partnership with Amex Travel. A little bit of a glow up. You see, 1 million Airbnbs just got added to Amex Travel. So you can use that annual$600 lodging credit for your luxury chalet booking. So what we're seeing here is Airbnb targeting two different travelers on the same day with two separate announcements. On the one hand, Jack, you got the value travelers. They're getting no more chores. They're shifting the cost to the host, which is an effective price cut.

8:41But you're also targeting the premium travelers. Airbnb joining Amex Travel, they're going to get the platinum card crowd to start booking more Airbnbs. But Jack and I know that there's a deeper reason why Airbnb is getting rid of chores in particular. Although I should point out, one guest actually fixed my broken towel rack. That is going above and beyond chores. But then Jack was like, you missed a spot over there. So Jack, what's the takeaway for our buddies over at Airbnb? It's never too late to make a first impression. Yetis, you don't think about Airbnb as a startup anymore. It's 19 years old, the$100 billion company, publicly traded corporation.

9:19But you'd be the outlier because the fastest growing group of customers at Airbnb is first-time bookers. Get this, first-time bookers. That term was mentioned 15 times on their last earnings call. That demo saw 11 % growth, the highest in four years. And it's Gen Z Jenny who's driving those first-time Airbnb bookings. She's never tried it before. But nothing will crush a 25-year-old's first Airbnb experience like doing dishes, hauling laundry, and bringing the trash out to a transfer station. Remember, in hospitality, the first impression is the conclusive impression. So our theory on why Airbnb took the hard line and canceled the chores?

9:53And why Brian Chesky knew he was going to take the wrath of Airbnb hosts across the world? It's because it's never too late to make a first impression.

10:04For our second story, Bose just acquired Skullcandy, the breakout rebel headphone brand for an undisclosed price. There are no two companies with such wildly different backstories as Bose and Skullcandy, and now they're married. Ah, Yetis. Let's start this story with a bit of history. Back in the 1950s, a young man named Amar was a violinist in Boston who hated his hi-fi stereo. Amar was also a scientist. In fact, an MIT grad who became an MIT professor. And right there on campus, he invented surround sound. Oh, and funny thing, Amar's last name, It was Bose. Bose. Amar Bose launched Bose Audio from MIT's campus in 1964.

10:47Well, a few years later, Amar was on a flight to Europe, but he couldn't hear because the engine noise on the airplane was so loud. Probably because a kid was crying. He should have flunked your clue. So Mr. Bose had his second breakthrough. Noise canceling headphones. Exactly. Bose walked so AirPods could run. But Bose's wildest move, it actually came right before he passed away in 2013. He gave a majority of his stock in Bose to the Massachusetts Institute of Technology. And with a reported revenues of over$3 billion, Bose still sends an annual dividend check to MIT. The latest classroom probably paid for with Bose profits.

11:22So although it has no voting stake, MIT does own a majority of Bose audio just outside Boston, making it the nerdiest tech company on planet Earth. Just outside Boston. But - And MIT grads, don't be offended by this. Your nerdiness has made you millions of dollars, probably. Literally. But guys, this is what Jack and I find fascinating. Skullcandy has the exact opposite origin story. There's nothing nerdy about it. No. The founder of Skullcandy, Rick Alden, wasn't a grad student doing science at MIT. He wasn't even an audiophile. This guy wasn't even an engineer. This guy was just a snowboarder.

11:57He was shredding pow in Park City, Utah. His first two companies were snowboard related. One day, Rick's on the chairlift and he couldn't answer his phone while he was listening to music. So he got an idea. He went back to his garage and built a headphone prototype on his snowboard tuning table. And here is his insight. Your headphones occupy what he called primary cranial real estate. What does that mean, Jack? What he's saying is what your head looks like matters, and your headphones matter a lot to how your head looks. It's valuable space. So instead of function, he built headphones that focused on fashion and named them Skull Candy.

12:32From the start, it was a rebel brand. Totally. Snowboard founder, Skull as the logo. It's basically the Harley Davidson of audio. You know, if you see a dude listening with Skullcandy headphones on, he's definitely not jamming out to Miles Davis right there. Not a chance. And within six years, Skullcandy was the second best-selling headphone in the world. That's right. The IPO.Nasdaq, they hit nearly a billion-dollar valuation before being acquired by a PE firm in 2016. So add it all up, besties, and Skullcandy and Bose could not be more opposites. One went public, one stayed private. Once by a scientist, one founded by a snowboarder.

13:03One sought perfection, one sought attraction. Which leads to the wild news. This odd couple is officially hooking up. Bo's just acquired Skullcandy for an undisclosed price, and it actually makes a ton of sense. So Jack, what's the takeaway for all our buddies looking at this big audio deal? Listening to this big audio deal. Every nerd needs a fighter brand. Yet he's in ice hockey. The top talents are protected by enforcer players. Wayne Gretzky could score all those goals because he was protected by Dave Samonenko, his enforcer. It's the same in politics. The president stays above the fray while the VP is the attack dog.

13:40And it's the same in business. Some companies need to build or buy a fighter brand to do the dirty work. You see, Bose wants to reach a broader audience, but they don't want to offend the audiophiles who are more buttoned up buying their products. The ones listening to Franz Schubert in their living room with noise-cam-fling headphones at night. With Celine Dion on the side. So, Bose bought a fighter brand. Skullcandy's Rebel vibe reaches a mass audience. We see it in sports, politics, and business. Big companies sometimes need a fighter brand. Which is why we're introducing the gnarliest one yet.

14:16Rock on! Moron after the break! Now, a quick word from our sponsor. You know what's a fun habit? getting to hang with you guys every day on this show. It's what we do. Another fun habit, listening to audiobooks about habits. Like Atomic Habits, the legendary piece about building habits that better your life, right? And the Atomic Habits audiobook is on Audible. We're excited to collab with Audible because it's how we find our road trip companion. The written word, spoken. So besties, you can create a habit of enjoying audiobooks while you multitask. Which I believe is chapter three of Atomic Habits.

14:51That's right, Jack. Wash pots and pans, awkwardly fold those fitted bedsheets, floss your teeth while you're winding down, listening on Audible. If your hands are full while listening to Audible, then you're doing it right. So summer's not over. Replace doom scrolling by listening to an audiobook that a human put all their thought and effort into. Audible, it's stories that speak to you. And new members can start listening with a 30-day free trial at audible.com slash tboy. That's a 30-day free trial at audible.com slash tboy. Take it from a couple guys with a lot of habits who have become your habit.

15:19NetSuite. Yetis, remember we told you Warren Buffett reads 500 pages a day? Well, Well, the world's greatest investor, he's not reading Moby Dick for the 15th time. No, we got Warren's reading the latest report from NetSuite Next. NetSuite Next is the next generation business management suite trusted by over 44 ,000 companies. And if you're curious how AI can open up new business opportunities, then you got to download their latest piece. It's NetSuite Next's new expert-created business guide with a ridiculously relevant title. Here it is, Aligning for the Agentic Era, How AI is Changing Everyday Work.

15:50And right now, it's absolutely free to you. Warren Buffett loves a story with a good subtitle. He does, Jack. So after you finish that 83rd chapter of Herman Melville's white whale classic, pick up some lighter material on the modern day economy and see how AI could really reshape work across your company in this guide and how you can prosper from it with NetSuite. If we needed this product, it's what we would use. If your revenues are at least in the seven figures, go to netsuite.com slash tboy. Get your free guide at netsuite.com slash tboy. netsuite.com slash tboy. netsuite.com slash tboy. For our third and final story, Zuck threatened to quit California, so Meta created an entirely new type of stock for him.

16:29Mark Zuckerberg is an emperor, and shareholders like it that way. Now, Yedis, if you live in California, I can tell you, full disclosure, you're going to get bombarded with ads for propositions. Prop 2, Prop 8, Prop 39. Say yes, say no. Because in California, Yedis, instead of letting elected officials decide laws, voters often do it directly with referendums. And the biggest referendum in years is Prop 40, and it's decided in less than two weeks. The old Prop 40, a one-time 5 % tax on the wealth of California's billionaires. Now, according to prediction markets, there's only a 22 % chance that this passes, but that's enough to scare some billionaires away from the state already.

17:07Jensen Walling has said he's happy to pay the billionaire's tax. America has made him ungodly rich. But Google's co-founders, Peter Thiel, Travis Kalanick, David Sachs, they're suddenly huge fans of the Nevada side of Lake Tahoe. Hey guys, if we're going skiing, let's cross the border this time. But Mark Zuckerberg, he announced on Wednesday he's staying in California regardless of the outcome of the vote. Although we should point out it's not about patriotism. It's not about paying fair share. It's not really about anything virtuous like that, right, Jack? It's about something really unusual that we heard announced in Meta's earnings this week.

17:39This was wild, but in an earnings report, Meta just said that their CEO is not moving to a new house. That sounds like a very personal thing. Why is it in a corporate earnings report? Real estate gossip? My mother and I would love it, Jack. According to New York Times reporting, Mark Zuckerberg actually told the board of Meta that he was going to list his Palo Alto house for sale on September 13th. And why? Well, it's not because Mark Zuckerberg is Zillow flexing over there. No, it's because of the chance that he would have to pay a 5 % wealth tax. That was a problem. And why is a 5 % wealth tax a problem, Jack?

18:10Because Mark would have to sell Meta stock in order to pay that wealth tax. And why is that a problem, Jack? Because selling his Meta stock could eventually tip his ownership stake to below 50%. Oh, that's the problem, Jack. Yep. Mark got special class B shares for the founder that entitles him to 10 votes per share of Meta that he owns. Basically, Zuck didn't want to do to himself what he did to Eduardo Saverin. Exactly. So he only owns 13.5 % of Meta, but he controls 61 % of the votes for Meta. Aha, and to keep it that way, Meta just created a third class of Meta stock. Meta just created Class C.

18:50Class A gets one vote per share. Class B gets 10 votes per share. That's just for Zuck. And Class C gets zero voting. So this deal lets Zuck immediately sell up to 20 % of his stock for any reason at all without losing a 61 % dictatorship vote. In return, Zuck promises to stay in California for at least eight years. So you may see Zuck grabbing some double-digit lattes, a blue bottle in downtown Palo Alto. Although that'd be way too normal a thing for Zuck to ever do. Oh, right. He only drinks coffee when he's on vacation. Right. Something like that. But yetis, why does Meta care where Mark Zuckerberg lives?

19:25And why are they protecting his dictatorship? Isn't it better if he has less of a dictatorship? And will there be cookies at the open house, Mark? So Jack, what's the takeaway for our buddy Zuck and everyone over at Meta? In true Logan Roy fashion, Mark Zuckerberg is a killer CEO. Yet he's not judging here. My favorite show, Succession. Season two, final episode, the patriarch of the family business empire devastates the eldest son, Kendall. Logan Roy tells Kendall that he could never be CEO of Waystar Royco because, and I quote, you're not a killer. You're not a killer. What Logan Roy meant was that the best CEOs are decisive, ruthless, willing to make enemies backstab even their very own kids.

20:05Did you just say decisive, ruthless, and willing to backstab? Zuck is all of those things. It's on his LinkedIn. And those traits have been incredibly profitable for him and Meta's shareholders. Basti Zuck answers to nobody and what he says goes. Nobody can fire him. He wins every shareholder vote. Now, according to reports, Meta wanted him to stay in California to avoid the bad PR of leaving the state and to make sure that Mark stayed in the heart of the AI industry. But the board was willing to extend his imperial status because they like the way he's CEOs. In true Logan Roy fashion, Mark Zuckerberg is a killer.

20:37And they want that killer to have complete control of the company. To Meta shareholders, he's not a killer. He's our killer. To everyone else, he's just a killer.

20:49Jack, could you whip up the takeaways for us for the real Friday? Airbnb just banned chores and also added 1 million listings to Amex Travel for the platinum crowd. Because for any business, it's never too late to make a first impression. For our second story, Bose, the most buttoned-up audio brand, is acquiring Skullcandy, which rocks out with its socks out. Bose is buying a fighter brand. Expand the customer base without upsetting the existing one. And finally, Meta made a deal with Mark Zuckerberg. Don't flee California. We'll make sure you're the dictator no matter what. Because Kendall is not what Mark is.

21:22A killer CEO. But besties, this pod's not over yet. But it's not time for what else you need to know today or for the best fact yet. What is it time for, Jack? Yetis, earlier this month, we announced a first-of-its-kind partnership with NASDAQ. And today, we are launching the T-Boy 10 in partnership with NASDAQ. A top 10 power ranking of the companies that moved culture and markets this week. Think of it like ESPN top 10 plays or Billboard top 100 hits, but for business. It's part public companies, part private ones, part quantitative, part qualitative. We get trading data from the NASDAQ Stock Exchange, but we also curate who sits where based on the vibes.

22:01We'll publish the T-Boy 10 every Friday. Here's week one. Here we go. Drum roll. Number 10, it's Yamaha. Saxophone sounds are viral on TikTok, and sax sales are searching for Yamaha, the world's biggest sax maker who stocks up 22 % this year. Number nine is Coca-Cola. Shares jumped 11 % this month after KFC dumped Pepsi for Coke, an extra bubbly win for Coke because Pepsi once owned KFC. Number eight, Universal Music. Taylor Swift's Patient Zero is number one on the Billboard Hot 100, and Universal is her record label. Yep, she beat Choosing Texas' 26-week record streak. That half of America never heard.

22:36Number seven is Meta. Zuck was going to quit California to avoid a potential new wealth tax, but Meta's board created a new class of stock to keep him emperor with 51 % voting rights. Number six, it's Veridermix. The biotech biz has the stock ticker Maine, and according to NASDAQ data, Its trade and volume has doubled this week on phase three trials and male pattern baldness. If approved, first new drug in 30 years. Number five is Bell Media. This Canadian company owns Heated Rivalry, which is celebrating the one-year anniversary of that hot hockey romance with a movie theater run. Screenings of all six steamy episodes start November 6th.

23:09And the stock? Yeah, it's up 3 % because of it. Number four, it's Skullcandy. The Rebel Audio brand invented by a snowboarder was acquired by Bose, the nerdy audio brand owned by MIT. Number three is A24. Nathan Fielder's Elizabeth Holmes documentary did eight times more sales per screen than The Social Reckoning, and it's now number two most likely to win Best Picture thanks to its strategic, awkward silence. Of course we're being real with you. Number two, it's Tesla SpaceX. A Tesla that flies, a SpaceX that profits both of Elon's baby's reported earnings and are officially investigating the ultimate Wall Street marriage merger, Elon, Inc.

23:44And number one is Victoria's Secret. Megan Thee Stallion, Tate McRae, and Kylie Jenner in a$50 million diamond bra brought the angels back to the fashion shop. But it ain't no secret that Victoria's stock has tripled in the last 12 months. VSXY, very sexy. Yetis, that's week one of the T-Boy 10. We cover each of those stories on The Best One Yet, so follow and subscribe now. Business news, but way more entertainment. Cha-ching!

24:10Yetis, you looked fantastic this week. Jack, you are glowing over there with just a week and a half before our Seattle show. Snag tickets. The link is in the episode description. It's the best of the best one yet. And it's our last live show of the year. Honestly, they are so much fun. We are out till midnight hanging with the Yetis and we can't wait to see you in Seattle. So grab your tickets, celebrate the wins, and we'll see you Monday.

24:36And before we go, a happy birthday to legendary Yeti Alicia Leon turning 35 in Melrose, Mass, just outside Boston. We met you. Great to see you at the Boston Live Show. Happy 40th birthday to Maziar. Turning 40 as the best father yet in San Francisco. And Kelly Finn from Stanford is a Yeti since 2020. Now awarding MBA with the best birthday yet just outside Rittenhouse. Happy birthday to Eden. Turning three years old in Miami, Florida, this kid wants to drive a Tesla Roadster to preschool someday. Or fly it. And Colin Curran in Spring Valley, California is celebrating the last year of his 30s and a new IBO.

25:10Congratulations. Happy 42nd birthday to Richard Blythe, celebrating with the family down in South Carolina. And Eileen D 'Ogracias down in Atlanta. Happy best birthday yet. Happy 10th birthday to Israel P, turning 10 in New York City. And Eric O, we see your birthday in Saratoga, California. And happy birthday to Nate Dogg in Warren G. I mean, Nate Dogg, Nathan Bland in Memphis, Tennessee. And Daniel and Adam in Asheville, North Carolina. One year anniversary. Dan's a longtime Yeti. Adam, becoming a bestie. Congrats, guys. And congratulations to Brashant Prabhu, a Yeti in Seattle who just launched Mont.ai, a fintech app.

25:42Congratulations. And to anyone else, celebrate something today. Make it a T-boy. Celebrate the wits. This is Jack, Nick owns stock of Airbnb. I own one share of SpaceX and Nick owns more than one. And the T-boy 10 is not investment advice and we do not attempt to examine all the facts and circumstances relevant to an investment decision. We are not recommending what you buy or sell. Our rankings don't reflect the views of NASDAQ or its affiliates. Always do your own research and talk to a financial advisor before making investment decisions. Yetis, this holiday season, don't miss your chance to turn just looking into just bought it.

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