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E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
All-In with Chamath, Jason, Sacks & Friedberg
The Chinese Government's Refusal to Sell Chebaf
TikTok is a company that had a chance to go public for tens of billions of dollars and eventually take on Facebook and Instagram. This could be a company worth ultimately hundreds of billion of dollars. If they are refusing to sell, what does that tell you as a market participate in? There's bigger problems in China than even TikTok US represents for them. So it's a pretty bad tell.
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