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The Consumer's Back Has Been Broken, Right?
Sack: "I just don't understand how the consumer isn't going to finally tap out in this economy" Chamath: "All growth companies are in a really bad place. I thought that this growth stuff would get sorted out in two to three months, and now I'm worried it's two to three years" Sacks: "The real market clearing price was 80 to 90% down."