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E57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
All-In with Chamath, Jason, Sacks & Friedberg
The Stock Market Is Not Doing Well, Is It?
We are in the middle of a massive growth sector drawdown, ok? The the multiples on these companies are shrinking. Companies like snowflake and helaton a sor cloud flare doom, we're trading at 70 to a hundred times revenue. And people are revaluating whether those multiples are worth it,. Because those are very high quality companies. Look, it's like bringing pepto bismal to mexico. If you're worried about an upset stomach, don't go to mexica. Oka D we just lost seven % of the audience, youbet. But you'r thing, you wouldn't invest in these converts for these kind of companies that need
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