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Alphabet is losing about 10 billion dollars a year. It's just meta needs to tone down the size of its bets, especially for something that doesn't have proven commercial success at least so far. And it's still a very niche market. So this was a company in 2021 that had a market cap of over a trillion dollars. We're now at 270 billion dollars. I mean, talk about a haircut.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode