The Official Joe Budden Podcast Thread

[CrimsonTider]

They did an audit and found out they were overpaid and said that Joe was lying on the books. So what’s the next step?

Did Rory and Mal say they did and audit and found that they were overpaid?

The owner of the company, who can get sued if he was lying and he knows that, yes

we have only heard Joe’s side. The person that has motive to lie and a person that is a compulsive liar

 

[Cladyclad]

Discovery. The problem here seems to be that there is no solid number in any of the contracts but rather a percentage of some sort. Rory and Mal have probably just been collecting checks and not getting any insight to the numbers. Then they gotta raise out the blue, after the deal fell through and got suspicious.

They have an easy case in court if Joe’s numbers aren’t solid. He will be forced to open them up in discovery though, you can bet that.

Open the books for what tho? They not a partner. They will lose. They are employees. I can’t work at McDonald’s and sue them because I know they can pay me more than $10 a hour.

 

[JetFueledThoughts]

No, the issue here is that you don't think enough of yourself or are too lazy to build something of your own, and would just prefer to piggy back off of someone else's success

Theres nothing wrong with you choosing to be a worker/employee a your life, but you're not at all entitled to a piece of something that someone with boss ambitions has built period

I’ve owned equity / ownership stakes in multiple companies and worked with multiple startups (which I owned a piece of) to help take them to an acquisition / IPO And every company I’ve had an ownership stake is/was valuated way higher than Joe Budden’s ‘network’ What makes you comfortable enough to think you know me like that? I’m prob in the 5% of people in this thread who can actually say they’ve had an ownership stake in something


I’m happy to hear more though, so would you like to share w/ the class what you’ve built / owned? And please don’t tell me it’s a podcast


You need to have an equity stake in a unicorn (if you even know what that is) before you come talk to me.

 

[5n0man]

Theyve been off spotify for a while

What ads have rory brought in since then?

I don't know what there situation was after the spotify situation because it seemed like they were struggling to get sponsors after those rants.

I do know that Rory brought sponsors to Joe before he started making money with spotify. He tried bringing up sponsors again when they got the spotify deal and Joe wasn’t interested because he figured spotify was enough.

It's hard to say what rory did after the spotify shyt because by that point he knew he was never gonna be more than a lacky so I don't blame him for not putting in the effort.

 

[Silky Johnson]

Well yeah you can, and they can tell you to get the fukk out if they want to.

Thinking just because you have stock in a company you can question how the CEO is running things and ask to see the accounting will get you laughed out the room and have to comeback with a lawyer, which apparently is what’s about to happen.

Have you ever been on a shareholders conference call or read the transcript from one?

 

[Deltron]

a person that is a compulsive liar

he has admitted this a few times in the past

also a proud cheater

 

[CrimsonTider]

It would be dumb to break apart the audience. There is no way Joe would let them use the actual content on their individual pages. The money comes from having a huge audience and the best way to ensure that is to have fans going to ONE place to see everything.

The fact that you don't know how funny accounting can be shows you're out of your depth. Companies write off all sorts of shyt as expenses for tax purposes. The final accounting numbers can be spun in so many ways. Joe could write off his personal chef and driver easily as podcast expenses, same as his personal trips or money spent on the network which should be a separate entity from the podcast expenses. That's why Rory and Mal would want an audit to get a breakdown of what is being counted as expenses to make sure they are all legit. The fact that Joe is working so hard to avoid showing them the breakdown should be a huge red flag to let you know that they something is funny about the money.

This here, Rory and Mal contracts would define what an expense is to get to that profit number that they earn a percentage of

 

[OfTheCross]

It would be dumb to break apart the audience. There is no way Joe would let them use the actual content on their individual pages. The money comes from having a huge audience and the best way to ensure that is to have fans going to ONE place to see everything.

The fact that you don't know how funny accounting can be shows you're out of your depth. Companies write off all sorts of shyt as expenses for tax purposes. The final accounting numbers can be spun in so many ways. Joe could write off his personal chef and driver easily as podcast expenses, same as his personal trips or money spent on the network which should be a separate entity from the podcast expenses. That's why Rory and Mal would want an audit to get a breakdown of what is being counted as expenses to make sure they are all legit. The fact that Joe is working so hard to avoid showing them the breakdown should be a huge red flag to let you know that they something is funny about the money.

"What is this Accounting line?... 70 grand on 'miscellaneous'..." - Rory

Then nikkas been throwing all kinds of shade at each other for over a year now...

 

[Negro Caesar]

You do realize that that spotify deal was a 360 deal correct?

Do you know what a 360 is?

A lot of yall are throwing out uninformed opinions without knowing the facts

Yeah I know what a 360 is. Now let me ask u a question.

besides the Joe Budden Podcast,what show/podcast/work of Joe Buddens do Uthink is worth millions?

state of the culture?
Pull ups?
Those cartoons?
Those Thot podcast?

wrap all that shyt up and it ain’t close to 40-50 million

 

[Negro Caesar]

By the likes, comments, chats, etc.


And NOBODY I follow on patreon shows their follower count. NOBODY.

Who do U follow out of curiosity? Is it the heavy hitters?

 

[Jekyll]

Open the books for what tho? They not a partner. They will lose. They are employees. I can’t work at McDonald’s and sue them because I know they can pay me more than $10 a hour.

Again re-read what I just wrote and take your mind frame out of a McDonalds worker because that’s not this.

At Mcdonalds you get a wage. The situation I described is a percentage. If you’re owed a percentage then you have a right to know what you’re getting a percentage of. You can’t fire someone for requesting an audit. You can’t fire someone publicly and humiliate them. Joe wants to be this “boss” but doesn’t know a single labor law.

He’s getting fukked if this goes to court. Not to mention that one of the parties here is a white man and he’s black

 

[xCivicx]

if you’re owed a % of profits you would have to be contractually obligated to see the numbers. How else would you verify that your getting paid what’s due to you

if Joe would’ve W2’d them and gave them a salary then that’s different

You would be contracted to see the PROFITS maybe, but not the books in general

 

[Clark Wayne]

Have you ever been on a shareholders conference call or read the transcript from one?

Yeah. Plenty. Companies go over revenue, profit and expenses. I get all that. The difference is, if you don’t believe them, what happens?

If I call in to Tesla and ask Elon why this person is making this, you don’t think he going to tell me to get the fukk off the line.

I can’t remember any conference call where people call in and ask why such and such is making this amount of money.

 

[OfTheCross]

Yeah I know what a 360 is. Now let me ask u a question.

besides the Joe Budden Podcast,what show/podcast/work of Joe Buddens do Uthink is worth millions?

state of the culture?
Pull ups?
Those cartoons?
Those Thot podcast?

wrap all that shyt up and it ain’t close to 40-50 million

Yet. You gotta believe.

 

[CrimsonTider]

he didn’t show them the books. He got a outside company to audit it. Rory didn’t want to take that company’s word. Joe budden is a client to that company, Rory wanted a outside company to do it

It sounds like Joe got someone to produce some bullshyt report that supported his narrative of them being overpaid

Open the books for what tho? They not a partner. They will lose. They are employees. I can’t work at McDonald’s and sue them because I know they can pay me more than $10 a hour.

You would be contracted to see the PROFITS maybe, but not the books in general

the only way to see the profit is to have a 3rd party audit the numbers and confirm that is the correct profit

that’s what Rory is doing