E102: Elon closes Twitter deal, $META uncertainty, Zuck's historic bet, big tech decline & more
- Oct 29, 2022
- 1:36:01
- Full Episode
(0:00) Sacks is back and recaps his week off! (3:13) Elon finalizes Twitter deal, immediate content moderation decisions, platform potential (31:19) Meta's historic bet on VR and stock price predicament, governance structure, and more (1:02:52) Big tech's 2022 decline, macro outlook, market breakdown (1:06:32) Ukraine update: Progressives call for diplomacy, then flip flop, chip sanctions on China (1:27:29) Science corner: Gut microbiome advancements
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://www.google.com/finance/quote/TWTR:NYSE https://twitter.com/elonmusk/status/1586059953311137792 https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-from-altimeter-to-mark-zuckerberg-and-the-meta-board-of-392d94e80a18 https://www.google.com/finance/quote/META:NASDAQ https://fred.stlouisfed.org/series/JTSJOL https://fred.stlouisfed.org/series/EFFR https://thehill.com/homenews/house/3702113-progressives-urge-biden-to-push-harder-for-ukraine-peace-talks https://www.politico.com/news/magazine/2022/10/26/progressives-thought-crime-on-ukraine-00063621 https://twitter.com/BillAckman/status/1581831084219645952
Brief Summary
Hosts discuss Sacks' media appearances, Musk's Twitter acquisition, and big tech's future amid geopolitical tensions.
Key points
- Podcast Audience Size. A reminder of the podcast's significant listener base amidst criticism.
- Social Media as a Coping Mechanism. A critical view on how social media is used by individuals.
- Mental Health and Social Media. The discussion revolves around managing social media use during mental health crises.
- Kanye's Complicated Situation. Exploring the challenges of moderating Kanye West's speech amid his mental health issues.
- The Big Red Flag. There's a major concern about the company's above-the-line spending that could sink the business.
- The Need for Measurable Progress. Investors want to see tangible results from the massive spending on Reality Labs.
Episode highlights
- Podcast Audience SizeA reminder of the podcast's significant listener base amidst criticism.“Honestly, when will you guys realize that there are three to five million people a week that listen to this podcast?”1:19Oct 29, 2022
- Social Media as a Coping MechanismA critical view on how social media is used by individuals.“You cannot use Twitter as a coping mechanism.”9:56Oct 29, 2022
- Mental Health and Social MediaThe discussion revolves around managing social media use during mental health crises.“The most important thing is to get the phone away from them.”20:52Oct 29, 2022
- Kanye's Complicated SituationExploring the challenges of moderating Kanye West's speech amid his mental health issues.“It's hard to know whether he's having a manic episode or just being Kanye.”22:24Oct 29, 2022
- The Big Red FlagThere's a major concern about the company's above-the-line spending that could sink the business.“This is a dumpster fire, we're out here!”38:25Oct 29, 2022
- The Need for Measurable ProgressInvestors want to see tangible results from the massive spending on Reality Labs.“You have to show progress in a way that says this investment is tracking.”42:45Oct 29, 2022
- The Obsession with One ThingThere's a lack of focus on diverse products at Facebook, despite their potential.“It makes no sense to me.”57:31Oct 29, 2022
- Meta's Spending DilemmaMeta's high spending relative to revenue raises concerns about its financial strategy.“They're spending 10 times as much as a percent of revenue.”58:54Oct 29, 2022
