This Week in Startups Meta’s massive comeback, FED’s latest hike, GPT-4 rumors + Spotify earnings with Lon Harris | E1671
13 snips
Feb 2, 2023 
Lon Harris, a streaming industry expert, joins the conversation to shed light on the recent Oscar nominations and Spotify's earnings amid discussions on 'peak podcasting.' The chat explores the impact of automation on job markets and the rise of generative AI, such as ChatGPT. Lon also critiques the evolving landscape of film and streaming, offering insights into audience engagement and Netflix vs. HBO narratives, while reflecting on how these trends shape the future of entertainment.
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Jason's Meta Trade
- Jason Calacanis made significant returns trading Meta stock.
- He based his trade on Zuckerberg's pride and the company's potential response to criticism.
Meta's Wall Street Play
- Meta's stock surged after beating revenue estimates and announcing cost-cutting measures.
- Zuckerberg effectively managed Wall Street's expectations, despite no fundamental business change.
Fed's Labor Dependence
- The Federal Reserve's monetary policy depends heavily on the labor market.
- They are concerned about wage growth and low unemployment but have limited control over labor supply.
