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E67: Revisiting Rogan, Canadian truckers' protest, fusion breakthrough, $MSFT's savvy move & more
All-In with Chamath, Jason, Sacks & Friedberg
Is Facebook a Funding Short for Other Investments?
i do think that the macro sentiment sent the market in one direction, and creates this optic. i talked to a bunch of folks on wall street over this past week, and they told me two things. facebook has become what's called a funding short, meaning there is no bid to buy that from institutional owners. They'd rather sell it to generate the cash than take and invest in other things. And so i think that there is the potential, a small potential, that that's going from a trade to an investment, actually a sustainable trend that you can bank on for no, several years.
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