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E102: Elon closes Twitter deal, $META uncertainty, Zuck's historic bet, big tech decline & more
All-In with Chamath, Jason, Sacks & Friedberg
The ROIC Was Not a 13-Year Play.
YouTube spent tens of billions of dollars investing in YouTube before generated cash. The time to return, the ROIC, the timeframe to hit their ROIC targets was long. This is not a company that went back and forth between meeting and missing expectations. They were up into the right. That is the general principle. And it was hard for people to get that when they bought you two.
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