I think they're awful as shit. I think this is arguably one of the biggest strategic errors in the history of modern business. They are totally taking their howitz or cannon of cash and they're going after TikTok. What you have is a company that appears to have a control CEO who has got his head up as asked strategically, makes these big, bold, bad bets. It's also proving to be a business that's hit a wall and it has not, not like that. So how would you play it? Facebook? Yeah. If you look at this, it's not emotionally, which is difficult for me. You don't want to go short Facebook.
Kara and Scott discuss the impacts of a Texas social media law, and California Gov. Gavin Newsom’s bill to protect children’s data. Also, Adobe acquired Figma. Plus, a mega stock crash at Meta, a bizarre harassment case for eBay, and Russian troll’s impact on the Women’s March. Friend of Pivot, Marta Tellado, stops by to talk about her new book, “Buyer Aware: Harnessing Our Consumer Power for a Safe, Fair, and Transparent Marketplace.”
You can find Marta on Twitter at @MLTellado.
Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot.
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