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Nasir and Matt discuss the app that allows employees to post anonymous messages about their employers. They also talk about the legalities of banning gossip in the workplace. Full Podcast Transcript NASIR: All right. Welcome to our podcast. My name is Nasir Pasha. MATT: And I’m Matt Staub. NASIR: Did I have an accent there? I feel like I had a strange accent there all of a sudden. MATT: I didn’t even notice. It was just so short that I was very thrown off. NASIR: Oh, actually, that’s right. I’m supposed to say, like, “Welcome to our program. This is where we cover business law in the news.” But everyone knows what we’re doing here. If you don’t, then why are you listening to us? MATT: Yeah, you should be able to tell by the thumbnail picture of two faces. NASIR: That makes it very clear. MATT: I think we’re wearing suits in the photo. NASIR: Well, that’s the law part. The business part is just, like, our faces. Very clear. MATT: We mean business. NASIR: Before we get into our topic, I want to do an update from last Friday’s episode. MATT: The glitter? NASIR: Yeah, did you see how much? Last Friday, we covered a website called ShipYourEnemiesGlitter.com and, long story short, this guy who created this website out of Australia got a ton of sales but didn’t want to do it anymore and so put up his website on Flippa.com which is basically they act as an intermediary between a seller of a domain name and I think the website too. I think it comes with the whole package. Guess what he sold it for after one week? It ended two days ago. MATT: Well, I can’t guess because I already know what the answer is. What I would have guessed, probably, like, no more than $50,000 if I would have not known about it. NASIR: For some reason, I actually thought it was going to be more. When we looked at it after a day or so, it had already got a number of bids. So, it’s $85,000 it ended up being sold for, 345 bids. Again, like, it got a lot of publicity even for the Flippa campaign so I thought it would go for a little bit more but that’s a pretty good chunk of change there. MATT: Yeah, especially from what I can tell, he essentially just put the website up. The first day got tons of publicity and then he sold it. NASIR: Yeah. MATT: He probably pocketed all the money too from the people that paid and look at the return for how short a period of time that was. I think he’s doing pretty well. NASIR: Yeah, I think that’s the case because it looks like the website itself had $20,000 in sales and 2.5 million visits in four days. Obviously, those visits were a result of all the viral activity and I doubt that’s going to sustain itself but I’d like to see what these guys end up doing with it later on if they, you know, anything more than just glitter. MATT: That’s true. Anything can explode out of the package – snow. NASIR: I think we should go on to our next topic but we did cover the episode. We tried to find videos of people online. We couldn’t find it because there wasn’t any yet and I think there’s some out there now. So, if you want to look it up, ShipYourEnemiesGlitter.com. MATT: Yeah, I’m still sceptical that’s real – at least the one that we saw. NASIR: Yeah, I agree. MATT: So, Memo is what we’re talking about today. It’s an app as most things are these days. A new messaging app, but this is for office gossip. So, basically, from what I can tell is it can’t be fake. So, people that work for a company – let’s say you work for Nike – you either log in through your Nike work email or through LinkedIn to verify that you work for this company, and then you get thrown in to this essentially just a gossip spot where you can just post these different memos – hence the name Memo – and you can just kind of blast people within the company. I mean, you can pretty much do whatever you want. It’s just kind of a free-for-all in there and I guess some companies are not taking too kindly to this because they don’t want their employees gossi...