This Week in Startups

Meta’s “Sensual” AI Doc LEAKS, Opendoor’s dreams became memes +  OpenAI plans $1T data center spend | E2165

115 snips
Aug 15, 2025
In this lively discussion, internal controversies at Meta about AI interactions with children spark outrage, especially regarding romantic conversations. The pressure of AI job displacement looms large, especially in New York, raising concerns about the future job market. OpenDoor's unexpected rise as a meme stock is dissected, showcasing the volatility of tech investments. The hosts express skepticism over the promised $1 trillion OpenAI data center investment, questioning its reality amidst the current economic landscape.
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ANECDOTE

Opendoor’s SPAC Timing And Leadership Saga

  • OpenDoor went public via Chamath's SPAC in Dec 2020 and later struggled with timing and market shifts.
  • Management changes followed activist pressure after the meme-stock surge exposed operational issues.
INSIGHT

Market Cap Can Drop Below Cash Value

  • Companies can trade at market caps below their cash, making liquidation mathematically attractive.
  • Jason warns that such situations signal a company may have little operational value left beyond cash.
INSIGHT

Why NYC Job Growth Slowed Sharply

  • New York City's job growth decelerated dramatically in 2025, nearly flatlining in H1.
  • Causes include tourism decline, fewer international students, conservative finance hiring, and tech layoffs.
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