Netflix is in a very strong position, but it's getting harder and harder to differentiate. I don't think cold foods has worked out well. If they lose the content edge at all, you know, they're kind of toast. The advertising business is nice and they'll figure it out. They've got a great team kind of working on it,. It's a hit driven business and they're going to need the hits.
Rapid-fire layoffs, activist investors at the gate and tumbling stock prices — tech has had a bad year. But Kara tells Nayeema she’s seen it all before and that the industry, if not all its captains, will survive this shake-up, too. In the panel interview, Kara is joined by two other journalists: Jessica Lessin, founder and CEO of The Information, a scoop-laden tech news platform covering Silicon Valley, and William Cohan, a former M&A banker and a founding partner at Puck, another excellent source for scoops.
They tackle what’s behind the long decline, and recent rally, of tech stocks, and when and how the Valley will bounce back. Then they zoom in on what Meta, Google, Microsoft, Amazon, Apple and Netflix will need to zoom in on to survive the storm. And Jessica offers a theory: the time is ripe for a changing of the old tech guard. Sorry, Elon — it may be time to step aside.
You can find Kara and Nayeema on Twitter @karaswisher and @nayeema.
Learn more about your ad choices. Visit podcastchoices.com/adchoices