Mark Zuckerberg told employees to expect cancellations of lower priority projects and overall flattening. He also noted the company should prepare for this economic reality to continue for many years. The Valley and growth companies have just discovered oesempic and it's firing people, he says.
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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