Big Technology Podcast Disinflation Begins, Snap's Cultural Roadblocks, Meta's 'Year Of Efficiency'
Feb 3, 2023
Meghana Dhar, a former executive at Snap and Instagram, shares her unique insights about the tech industry's current challenges. She discusses Snap's operational struggles and how leadership gaps affect its competitiveness. The conversation shifts to Meta's bold pivot from the metaverse to AI and whether this strategic shift is genuine or simply for show. They also explore the implications of recent layoffs, market volatility, and the broader economic landscape, all while pondering the future of ESG amidst these changes.
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Disinflation and Tech Stocks
- The Federal Reserve's talk of "disinflation" implies moderating rate increases.
- This has caused a surge in big tech stocks, as seen with Meta's 23% jump.
Irrational Market Behavior
- Despite the "disinflation" talk, the market's behavior is irrational, with failing companies like Carvana and Bed Bath & Beyond seeing stock increases.
- This makes the Fed's attempt at a "soft landing" challenging.
Snap's Challenges
- Snap's struggles contrast with other tech giants, highlighting its need for business transformation.
- While other companies celebrate consistent performance, Snap faces pressure to prove its viability.