Rich Habits Podcast

Trump Loves AI Robots, Spotify Music Videos, & "Metaverse" Hype Fading

10 snips
Dec 5, 2025
Meta's drastic budget cuts spark a discussion on their shift toward AI. The U.S. job market reveals surprising losses, particularly among small businesses. Cyber Monday sees massive spending through 'Buy Now Pay Later' services. In tech news, Spotify ventures into music videos to rival TikTok. Trump's administration shows support for AI robotics, hinting at future investment opportunities. Plus, Netflix's potential acquisition of Warner Bros. Discovery could reshape media landscapes!
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ANECDOTE

Top Podcast Milestone Thank You

  • Austin thanks listeners after Rich Habits was the top podcast for 77,000 Spotify users in 2025.
  • He compares that audience to a 76,000-seat stadium to illustrate scale and gratitude.
INSIGHT

Meta Pivoting From Metaverse To AI

  • Meta cutting 30% of Reality Labs signals a pivot from metaverse spending to AI and hardware development.
  • Robert Croak sees this as bullish because it could convert huge quarterly losses into earnings or buybacks.
INSIGHT

November Job Decline Suggests Rate Cut

  • ADP reported the U.S. lost 32,000 jobs in November versus a 40,000 gain expected, suggesting a sharp labor slowdown.
  • Austin Hankwitz notes this makes a December Fed rate cut highly likely and bullish for stocks if recession is avoided.
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