Meta Introducing Class C Stock, iPhone Duo’s Botched Launch | Diet TBPN

The hosts spend most of the episode on two corporate-control stories and one product-launch failure. They discuss Trevor Milton’s combative reaction to criticism of his new jet company, including his insistence that the launch is being misrepresented and that the plane already has real buyers. They also treat his screenshot-heavy online responses as evidence of unusually aggressive, and sometimes sloppy, posting.

They then turn to Meta’s planned new Class C stock, which would give existing A and B holders a one-for-one C share and preserve Zuckerberg’s control while giving him more flexibility to sell, donate, or manage taxes on his economic stake. The hosts argue that the New York Times and Semaphore are framing the same move differently, but both explanations make sense: tax avoidance and capital deployment can both be rational motivations.

The other major theme is the iPhone Duo’s messy launch. The hosts say app support and even Apple’s own software look unpolished, with black bars, timer glitches, and other obvious incompatibilities. They think the launch is embarrassing for Apple, even if the software will likely improve quickly. The episode closes with lighter talk about Ben Thompson’s new Stripe sponsorship, the growth of podcast ads, and a Mad Max-style vehicle that they think could be the car of the future.