All-In with Chamath, Jason, Sacks & Friedberg E98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
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Oct 1, 2022 Big tech is experiencing cuts, reshaping the job market and opening doors for startups. Geopolitical tensions, particularly regarding Russia and Ukraine, are influencing global economies and market behaviors. Discussions also touch on the Federal Reserve's potentially misguided fiscal policies and the implications of growing global debt. Amid all this, there’s a nostalgic nod to the 90s and reflections on personal health innovations, all while maintaining a humorous tone.
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Big Tech Shift
- Big tech layoffs signal a shift from growth to profitability, impacting the broader market.
- These companies, being the most sensitive to valuation, offer a warning sign for others.
Silicon Valley's New Era
- Silicon Valley is experiencing a shift, impacting compensation, benefits, and job opportunities.
- This change marks the end of an era of readily available, high-paying tech jobs.
Hollywood's Slowdown
- David Sacks recounts a conversation with a Hollywood showrunner who noted a decline in content acquisition.
- This example illustrates how the asset bubble's burst impacted the real economy.
