This Week in Startups Big Tech earnings breakdown w/TechCrunch's Alex Wilhelm | E1731
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Apr 28, 2023 
In this discussion, Alex Wilhelm, Editor-in-chief of TechCrunch+, shares insights on big tech's latest earnings. He highlights Google's culture of entitlement and Microsoft’s strides in AI. The conversation covers Meta's push for efficiency and Amazon's upcoming challenges. Wilhem also reflects on Snap's significant decline in revenue. Listen for an analysis of the broader economic landscape, including the ripple effects of banking crises and the evolving role of AI in various industries.
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SVB Backlash
- Alex Wilhelm received significant backlash for his tweet about not bailing out Silicon Valley Bank.
- He didn't realize the downstream effects and apologized, but people viewed it as media hating tech.
Contagion Effect
- Bank runs can trigger a contagion effect, as seen with the shift from Silicon Valley Bank to First Republic.
- This highlights the interconnectedness of financial institutions and the potential for widespread instability.
Shifting Priorities
- Companies used to plan for expansion, hiring and acquiring office space years in advance.
- Now, the focus has shifted to streamlining operations and reducing costs, demonstrating a market shift.