The cost of labor, real estate and materials have gone up in china. Oftentimes a factory will just sell itself or be sold to someone who wants it for more money. The same thing is happening in india where the manufacturing groups are home grown. But i think it takes time to nofike lose that yu, know, quality association.
First, Jason breaks down Facebook's Q3 earnings, including: growing revenue and profits, slowing user growth, AR investment and its new reporting structure (2:00). He also covers Facebook's potential rebrand as a metaverse-focused company and its declining usage amongst US teens and young adults. (11:35) Then, Italic's Jeremy Cai joins the show to discuss his innovative new e-commerce concept, ruffling feathers with incumbents, supply chain insights, and more! (25:58)