Hey, you want a blue check mark on Twitter? You can literally I get it now. Not an ad for Twitter but if you go under Twitter Twitter blue Boom it's there. You pay. 7.99 Boom! I'm seeing so many people with verified check marks right now and it's so funny because the verified tab on Twitter where people like if they type a response to you, where they like your post or something and you get notifications when verified people reply. it's like blowing up right now. It's awesome. Like go get your blue check mark But Now let's get into the topic of the video. Oh, we've got a lot to talk about in this one. From Twitter pay to Elon Musk selling shares of Tesla and a firm Twitter pay. Could it be possible? Could it be possible that at some point in the near future you could buy meet Kevin courses on Twitter using Twitter pay and Twitter could process the transaction rather than say Visa or PayPal or teachable or stripe processing the transaction and Twitter could actually Harvest maybe a nice little one and a half to two and a half percent fee off of every single dollar? Well, I guess uh yeah. I Guess every single dollar that somebody makes paying for amazing courses on building your wealth or the new business course for Elite Hustlers Link down below the Black Friday coupon code. Yes, it's actually quite possible. take a look at what was just released from the treasury Department That has to do with Twitter and Elon You ready for this? It's not this document, but this is to get you familiar. Look at this. This is the Fincen. Uh, it's a department within the treasury. Uh, and this is a registration statement for payment transmitters. And look at this one. Here is a payment transmitter application uh and a renewal application in this case for the Google payment Corp And they're doing business as names. So they're Dbas Google Payments and Google pay. So like Apple Pay Google pay right. They process the transaction so they take a small little fee. Well look at what was just filed. folks. What do we have here? Initial Registration: Twitter Payments LLC No DBA yet? But uh, you know what? Let's just for Giggles Fill this one in here. 2 Twitter Pay Come on. What else would it be called? Tweet Pay Twitpay I Don't know. Anyway, uh, this registration was just released here. you can see here on November 9th we have this release out. Uh, note that a transmitter is not I wrote I wrote these notes right here. A transmitter is not a bank. it is a merchant payment processor. So again, think affirm Apple pay Google pay and uh, these are companies that clear payments and then they remit funds to a merchant. Uh, there's some other definitions. There are remittance rules and then there are a lot of regulatory rules that you have to follow regarding this. But it's really interesting because it just shows that even though Elon Musk has now laid off about half of the staff at Twitter calling back some people who are accidentally fired uh, Elon moves quickly. I'm a really big fan of of people like that who move quickly. It's just it's not that hard to file for an LLC. It's not that hard to do a DBA or a trademark. it's just not that hard. These are a lot of things we're going to be talking about in the the Elite Hustler's course, by the way, which is pretty cool. Comes with uh, four times a month live streams, special live streams but also Daily videos daily added lectures uh for analyzing individuals, businesses, or their entrepreneurial Endeavors but it's just not some of this stuff. I Like the fact that Elon is in at Twitter and is saying hey, let's just start getting the foundation set for everything that we want. We want to do payments. start the filing process now because these application processes to be money transmitter, these are going to take a while. It just shows that the initial intent is hey, within the first week set, the foundations get rid of the people we don't need. If we fire too many, we could always call them back because then you start seeing like what's breaking. Oh, you fired that person. Okay, we'll call them back. That's actually not a bad idea. now. That has led to a lot of complaints for Elon Musk And literally as I'm recording this video, Elon Musk just sent a tweet suggesting he is the complaint Hotline Operator: Yes, here it is. Look at that. uh 840 I'm filming this at 8 43 Complaint Hotline operator online. Please mention your complaints below. Living the Dream Anyway, Uh, so look, we know that Elon Musk just sold a nearly 20 million, uh, 20 million shares of Tesla Uh, and we've seen a lot of pain for Tesla stock over the last few days, which has led a lot of people wondering like, oh my gosh, what's going on? Have have the fundamentals broken? No, it's it's Elon absorbing a lot of the liquidity. Uh, and that's unfortunate and it's led to some pretty gnarly pain which could contribute to retail capitulation. Bank of America Mentioned that last week retail and institutions at least through Bank of America were net sellers. Yikes, that's not great. That's capitulation. Uh. and unfortunately, with this, uh, this election on ease and uncertainty, it's uh, it's worse. Uh, we're getting worse. It does make me want to touch on a firm a little bit. I Have to say I'm quite disappointed with a firm. A firm isn't being as transparent as they should be. This morning in our course member live stream, we analyzed what's going on over at a firm and they compare their total Network Revenue to last year. But then when you go to the last quarter's earnings report, they don't break out the fourth quarter earnings. Uh, and this is technically Q1, which is super confusing. but anyway, they don't break out the fourth quarter earnings. So I went back and just subtracted out Q3 2 and 1 from their annual numbers and look what I found. It looks like it looks like a firm actually saw a network Revenue decline by 6.5 percent quarter over quarter. No wonder the stock is performing terribly because their network is actually shrinking at the same time. They increase their marketing spend year over year from 64 million dollars to 164 million dollars. That's over a two and a half X increase in marketing spend. And on top of that, folks, they have increased on average. If you divide the their annual operating uh marketing spend for last year into quarters, this last quarter had roughly 24 percent higher advertising spend than last quarter, and in the quarters of last year, yet their revenue declined quarter to quarter. That's really bad. And now they're going to compare to 2021 where we had really no fears of a recession coming, and they're going to somehow suggest that loan loss reserves are going to be exactly the same as last year. I Think they're smoking crack now this I'm putting this here together with this: uh, note about uh Twitter because you know Elon's wanted to get into Payment Processing But payment process I Mean maybe maybe it's just the time to start at the bottom of the market, right? But um, right now? Payment Processing Uh, just seems like um yeah I guess something you want to maybe lay the foundations for in a recession and then kind of ride the wave up. But right now it seems like things are more likely to be trending down in the world of payments and payments. Revenue Now the good news is a Twitter payment system wouldn't really need advertising. Uh, at least you'd think much like uh, much like Tesla doesn't need advertising. although then again, it'd probably be good to spread the word with advertising to Merchants and creators who want to sell things so so there would certainly be some expensive labor involved in doing that. But uh, Payment Systems right now I don't know, uh, financially a firm. complete disaster. Not impressed at all with that earnings report, if anything I think some parts of it were quite misleading. Uh and uh yeah. hey. Elon maybe the time to do it is at the bottom of the market, but otherwise other Payment Systems not happy about right now again. Elon probably says it best when he just tweeted. please note that Twitter will do lots of dumb things in the coming months. We will keep what works and change what doesn't.