This Week in Startups Apple pauses RU sales, Ford splits-off EVs + How Facebook killed Joe Speiser's $100M business | E1398
Mar 3, 2022
Joe Speiser, an investor at Hampton VC and former founder of Little Things, shares his insights on the pitfalls of overreliance on social media platforms like Facebook, which ultimately harmed his media company due to an algorithm change. The discussion also explores Apple's ethical decision to pause sales in Russia and Ford's strategic split of its electric vehicle unit from traditional operations. They wrap up with fascinating advancements in humanoid robotics, highlighting both innovative potential and ethical dilemmas.
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Apple's Response to Russia
- Apple paused product sales in Russia, following Jason Calacanis's prediction.
- They also limited Apple Pay and removed Russian state media apps from the App Store.
WeWork's Controversial Decision
- WeWork's CEO refused to leave Russia, even praising their business performance there.
- Calacanis urges WeWork members to cancel their subscriptions in protest.
Fake iPad Destruction?
- A viral video showed a man destroying an iPad to protest sanctions.
- Calacanis believes it's fake, pointing out the man's weak handling of the device.