The stock price is where truth is told, because people are greedy and they'll pay a higher price if they think it's going to earn more free cash flow in the future. My Uber, your Uber. Are they fit enough? What do they need to do? They're doing great in terms of growth. But that's not enough, Jason. That's why it's stuck as it moved, right? And so I think you've got to go after the cost structure of the business,. It's not because he's done anything wrong. It's just we built these businesses at a moment in time when everyone else was envisioning $120 billion valuations. The company would do well
Brad Gerstner of Altimeter Capital joins Molly and Jason for an epic Friday show. They chop it up about the state of the economy, what it actually means to be founder friendly and discuss which big tech companies are“fit”. (1:24)
(0:00) J+M Kick off the show
(1:24) Brad Gerstner joins Molly and Jason
(10:28) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(11:38) Brad presents on interest rates, inflation and business multiples
(26:32) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(28:05) The Fed’s core mission
(37:54) Being founder friendly
(39:42) Brad’s letter to Meta
(48:33) Companies that need to get fit
(53:00) Google and Meta’s fitness
(58:08) The curse of the money-printing machine
(1:00:01) Google vs ChatGPT
(1:05:05) Is Uber fit?
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