The Prof G Pod with Scott Galloway No Mercy / No Malice: METAstasis
13 snips
Feb 10, 2024 A tense showdown unfolds as a Senator quizzes Meta's CEO on accountability, exposing the gap between political theater and real action. Despite massive revenue growth, Meta shrinks its workforce, sparking discussions about AI's role and its asset-light approach. The hidden costs of social media on youth mental health are alarming, with rising rates of loneliness and suicidality. Connections between social media, regulation, and societal safety are critically examined, urging for necessary reforms to protect vulnerable users.
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Meta's Market Cap Explosion
- Meta's market cap grew tremendously, adding three Netflixes in value over the past year.
- In one day, its value increased by an amount equal to Shell Oil's, a record-breaking surge.
Growth Despite Layoffs
- Meta achieved remarkable growth despite reducing its headcount by nearly 25%.
- This contrasts with General Motors' 2008 bankruptcy, where similar layoffs indicated desperation.
Meta's Asset-Light Model and AI
- Meta's pandemic expansion created inefficiencies.
- AI investments and an asset-light model fueled growth, similar to Shein's retail strategy.
