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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
What's Going on Above the Line at Facebook?
Facebook has spent $396 billion since 2016 to buy back stock. In the same time, Facebook has spent almost $100 billion. The only thing that I could find in history that is comparable to what Meta has basically said they're going to spend is the entire Apollo program which cost in today's dollars a quarter of a trillion as well. And for a very long time, it actually looked like it was right until about September 21 and then obviously this thing fell off a cliff.
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