Five different chinese education companies, most of which are public in hong kong, lost a ton of value on friday morning. New oriental education is now down 59%. They provide private education services like tutoring. Communistd esobulis not sure why us investors should ever buy a chinese stock again.
In this rapid fire news episode, Jason covers a16z-backed Dfinity's crypto class action complaint (02:46), Snapchat and Twitter's massive earnings (19:33), the CCP considering turning it's ed-tech sector non-profit (34:15), Alphabet's new company (40:23), San Francisco's 17M sq. ft. of vacant office space (47:22), and then reflects on some old Disney+ predictions (58:28).