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5min chapter
Thanksgiving Mega-Pod: Bob Iger’s Power Grab, SBF’s Scandal, and Elon Musk’s Omnishambles
Plain English with Derek Thompson
What Happened to the Tech Frontier?
The Federal Reserve drops interest rates to zero or near zero. In Silicon Valley, you've got billions of dollars that are flowing into consumer tech and social media apps. Everything that comes out of this period is either free or heavily subsidized by venture capital. The narrative in markets has entirely flipped from growth toward profits. An entire generation is fucked.
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