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Big Tech earnings breakdown w/TechCrunch's Alex Wilhelm | E1731
This Week in Startups
The Importance of Channel Flow in Metaverse
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The reason why meta can have its stock go up 15% after its earnings and the fact that lost $4 billion on metaverse at the same time is because its core business is gold. Tons and tons of gold. It's just it prints bricks of money. When you're running the negative 30% net margin on a gap basis, you have fewer options. You have a less robust amount of maneuverability room. And he said he was going back to the office four days a week or whatever. We don't have the luxury of that. He's an enigma to me too. I've never spoken to him.
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