Facebook announced layoffs of 11,000 people or 13 percent of his staff. He still has more employees than they started the year off a year ago. The most interesting about meta is that I believe they've been very bad for the Commonwealth,. But they are very good. This was a contrast in management competence relative to Twitter right now.
Kara and Scott dissect what the FTX meltdown means for cryptocurrency, Meta's layoffs, and how the midterms might impact big tech. Friend of Pivot Jonathan Haidt stops by to talk about the impacts of social media on teens and society. And hours after our regular taping, we dragged Scott out of a fancy London bar to record an updated reaction to the latest Twitter news: Elon Musk was warning of a possible Twitter bankruptcy, while top executives were jumping ship.
You can check out more of Jonathan Haidt's work here.
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