The Prof G Pod with Scott Galloway No Mercy / No Malice: 2022 Predictions Review
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Dec 17, 2022 The hosts reflect on their past predictions while dissecting the volatile tech stock market and the impact of significant global events. They critique Meta's metaverse hype and offer more pragmatic investment strategies. A deep dive into the ups and downs of cryptocurrencies highlights Bitcoin's potential amid the fluctuations of platforms like OpenSea. The discussion also touches on global disparities, exploring the contrasting lives of expats versus migrant workers and the economic realities in different regions.
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Tech Stock Valuation Decline
- Tech stock valuations were predicted to decline, especially EV stocks like Tesla, Lucid, and Rivian.
- This prediction proved accurate, with significant drops in these stocks and others like AMC and GameStop.
Metaverse Flop
- Scott Galloway predicted the Metaverse would flop due to its impracticality and overreach.
- Meta's continued investment despite low user engagement proves his point about misplaced priorities.
Alternative Meta Spending
- Instead of Metaverse spending, Galloway suggests Meta raffle off an Airbus A380 daily to employees.
- He also proposes other extravagant alternatives, highlighting the scale of Metaverse losses.