Pivot 2022: Pivot's Year in Review
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Dec 23, 2022 Reflecting on a tumultuous year, the discussion highlights the fallout from Russia's invasion of Ukraine and its impact on global tech. Key moments in U.S. politics are examined, from the Supreme Court’s decisions on women’s rights to the ongoing saga of political insults. The complicated acquisition of Twitter by Elon Musk raises eyebrows about corporate governance. Amidst all the chaos, there's room for celebrating achievements, particularly in Latin American democracy, as the hosts welcome the new year with gratitude and humor.
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Russia-Ukraine War Impacts
- Russia invaded Ukraine, impacting global energy and grain supplies.
- Tech companies like Apple and Samsung suspended shipments to Russia in response.
Tech Sector Challenges
- Meta's metaverse spending and Apple's privacy changes impacted their net income.
- Netflix's subscriber loss and increased competition in streaming led to overinvestment in the sector.
Snap's Decline and Tech Fallout
- Snap's stock plummeted due to a combination of factors, including macroeconomic downturn and increased competition.
- Rising inflation, interest rates, and the end of pandemic measures further impacted the tech sector.