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

October 23, 2026

AI Summary

5 min read

Meta's Class C Stock, a Botched iPhone Launch, and Trevor Milton's Unhinged Posting

The hosts open with a recap of Trevor Milton's latest antics. The Nikola founder, now launching a jet company, held an unveiling event for a full-scale mock-up of a new plane—supported by a post, not its own landing gear. When media outlets posted video of the plane on its post, Milton went on the offensive. He responded to one critic on Instagram: "You're literally misleading the world, see the real picture, at least report honestly LMAO." He then posted a screenshot of a landscape photo of the plane taken in portrait mode, battery level and time stamp visible, without cropping. The hosts call this "elite unk posting." Milton also claimed "more than 50 on order slash LOIs by real buyers," "almost a billion in orders," and that he "broke the world speed record for light jets as a pilot." The hosts note he was on board for that flight but was not the pilot. One host offers a contrarian take: a plane that's "a little rough around the edges" might actually appeal to thrill-seeking wealthy buyers. "When others are fearful, you gotta be greedy."

Meta's New Class C Stock: Tax Dodge or Strategic Move?

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What you'll learn

  • 1 (00:01) **Show Intro & Trevor Milton's Jet Launch** - Hosts recap yesterday's show and discuss Trevor Milton's combative response to their coverage of his new jet company's unveiling.
  • 2 (07:40) **Meta Introducing New Class C Stock** - Meta plans to distribute one Class C share for every existing A or B share, effectively a 2-for-1 stock split with no voting rights.
  • 3 (16:20) **iPhone Duo's Botched Launch** - Apple's new foldable iPhone Duo launches with unoptimized apps from major developers like YouTube and Spotify, creating a poor user experience.
  • 4 (23:44) **Ben Thompson's Stripe Sponsorship** - Stratechery's Ben Thompson has partnered with Stripe as a sponsor, marking a milestone for tech podcast advertising.
  • 5 (25:50) **Eliezer Yudkowsky's Car & Gum Watch** - The hosts briefly discuss Yudkowsky's custom-built "Mad Max C7" vehicle and a product suggestion for a "gum watch" to hold nicotine pouches.
  • 6 (27:34) **Closing Thoughts & Call to Action** - The hosts wrap up with a lesson on "putting the lightning in the bottle" and ask for five-star reviews.

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Show Notes

Diet TBPN delivers the best of today’s TBPN episode in 30 minutes. TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays 11–2 PT on X and YouTube, with each episode posted to podcast platforms right after.

Described by The New York Times as “Silicon Valley’s newest obsession,” the show has recently featured Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella.

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