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Intro
Exploring the rumors and corrections about IAC's purchase of 10% of Tinder from Chamath for $500 million, and its implications on stock prices and investor sentiments.
This week, Byrne Hobart and Erik Torenberg discuss a lesser-known Chamath Palihapitiya story, the index rebalancing trade as a postmodern part of finance, AI labs, crypto, and more. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months.
Byrne Hobart is hiring an associate! Check out the JD here: https://www.thediff.co/jobs/
🔥 Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
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SPONSORS:
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TIMESTAMPS:
(00:00:00) About the Show
(00:00:20) Chamath, IAC, and Tinder
(00:16:20) Sponsors: Babbel | Beehiiv
(00:18:54) Chamath continued
(00:18:54) Twitter, Threads
(00:22:40) Twitter, Twitch
(00:24:12) Twitter, API
(00:28:37) Meme coins
(00:32:10) The postmodernity of index rebalancing trades
(00:35:37) S&P 500 inclusion and exclusion
(00:40:52) Crypto, AI, and the Zeitgeist
(00:42:14) Crypto
(00:46:55) AI Labs
(00:49:35) Why is it money intensive and talent intensive?
(00:53:59) What should people study in college?
(00:59:24) Byrne is hiring an associate!
(01:02:13) Outro
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LINKS:
Byrne’s writing: https://thediff.co
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X / TWITTER:
https://twitter.com/eriktorenberg (Erik)
https://twitter.com/ByrneHobart (Byrne)
https://twitter.com/TurpentineMedia (Turpentine)
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