Is the Apple Vision Pro Worth It? & Regional Banks Could Be in Trouble Again
Feb 2, 2024
28:22
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Exploring the potential of Apple's new Vision Pro and the implications if it flops. Discussion on the financial troubles faced by regional banks. Vision pros in the workplace, cholesterol testing ads, and the Musk-Delaware feud. The potential impact of Elon Musk and the role of judges in Delaware's court system. Ferrari's financial performance and Lewis Hamilton joining, along with challenges faced by genetic testing company 23 and Me.
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Quick takeaways
The success of Apple's Vision Pro VR headset is uncertain, raising doubts about the future of VR technology.
Regional banks, particularly New York Community Bank, may face financial challenges due to the declining value of commercial real estate.
Deep dives
Apple Vision Pro's Release: Future of Computing or Another Flop?
Apple has officially released its VR headset, the Vision Pro, which is seen as a potential game-changer in how humans interact with technology. The company believes that wearing computers on our faces could be the future. However, VR headsets have struggled to gain significant popularity in the past, raising doubts about the Vision Pro's success. If it fails to catch on, tech companies may shift their focus elsewhere.
Regional Banking Crisis Looms as Commercial Real Estate Struggles
New York Community Bank is facing financial challenges after acquiring the majority of Signature Bank's assets. The company is still adjusting to regulatory demands and growing pains after absorbing Signature Bank, and concerns over commercial real estate are adding to the potential crisis. As the value of empty office spaces declines and loans come due, regional banks, which have a higher exposure to commercial real estate, may face difficulties.
23andMe's Stock Plunges as Company Faces Uncertain Future
Genetic testing company 23andMe has experienced a significant decline in stock value, plummeting 98% from its peak. The company has never made a profit and could run out of cash by 2025. Despite efforts to transition into a comprehensive healthcare company, selling subscriptions and developing drugs, investors are growing skeptical. The company also faced a major hack and a class-action lawsuit, further contributing to its challenges.
Episode 249: Neal and Toby have the latest news and reviews following the official arrival of the Apple Vision Pro. Plus, the latest regional bank that could be in trouble and the biggest earnings takeaways from big tech reports yesterday. Also, why Elon Musk is thinking of moving Tesla to Texas and the guys share their stock and dog of the week. Finally, why Super Bowl ad space is already sold out.