Tesla's high was $376 and change in September 2021, a little less than two years ago. Now it's 196. The only thing that's happened between November and now is 20,000 people have been fired and the stocks doubled. Amazon will see their revenue growth slowed down and have their most profitable quarters in history towards the back end of this year.
The Biden administration tells Tiktok to leave ByteDance or leave the US. Meta's year of Zuck-ficiency continues, with another 10,000 layoffs. Kara and Scott unpack the decision to backstop Silicon Valley Bank, as Credit Suisse deals with its own potential issues. Also, ChatGPT gains the power of sight, and a listener worries about the growth of legalized gambling.
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