This Week in Startups Meta's looming layoffs & path forward, Airbnb answers concerns & more | E1606
Nov 8, 2022
Meta is facing massive layoffs as it seeks to realign its strategies and stock performance. The discussion dives into how these layoffs impact the tech industry and the emotional toll on affected employees. Airbnb is introducing new features that prioritize transparency and user experience, contrasting sharply with the struggles at Meta. Additionally, the former CEO of Peloton is launching a new direct-to-consumer startup, adding to the entrepreneurial buzz in the tech landscape.
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Meta's Situation and a J-Trade
- Meta's stock drop, hiring spree, and Zuck's plan will be discussed.
- Jason Calacanis will reveal a shocking J-Trade.
Tech Recession Indicator
- Mass layoffs in tech signal tough times, possibly a tech recession.
- This results from excessive free money, overhiring, and lack of profit focus.
Jason's Facebook Stock and J-Trading
- Jason Calacanis had Facebook shares but sold them due to concerns about Zuckerberg's impact.
- He then became a J-Trader and lost 15% of his money in three months.