The Prof G Pod with Scott Galloway Prof G Markets: Meta’s Monster Quarter, Buying Elon’s Twitter Debt, and America’s Deficit
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Oct 30, 2023 
Ed Elson, a market expert, joins the conversation to dissect the surprising 4.9% GDP growth in the U.S. amid rising interest rates. They delve into Meta's strong earnings, with a 23% profit increase, and the shifting landscape of tech giants like Snap and Microsoft. The discussion turns to Elon Musk's $13 billion Twitter debt, exploring investment strategies around its acquisition. They also tackle the staggering $1.7 trillion U.S. deficit, suggesting innovative solutions like tax reforms and spending cuts for fiscal sustainability.
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Strong US Economic Growth
- The US economy grew by 4.9% in Q3 2023, exceeding expectations and marking the fastest expansion in two years.
- This strong growth occurred despite rising interest rates, surprising economists and markets.
Meta's Market Dominance and Its Impact
- Meta's potential abuse of its market dominance raises concerns, particularly its impact on children's well-being.
- Increased costs for consumers manifest as anxiety and fear due to Meta's addictive features and questionable content algorithms.
Age Restrictions on Social Media
- Implement a ban on social media usage for children under 16.
- Age-gating social media platforms, similar to age restrictions on alcohol and driving, is an effective solution.