FT News Briefing Tim Sweeney on Epic's metaverse
Jun 20, 2022
This discussion dives into a significant shift as passively managed index funds now own more of the US stock market than actively managed funds. It also highlights Brazil's efforts to combat misinformation ahead of its elections. In an engaging interview, the CEO of Epic Games shares his vision for the metaverse, emphasizing innovation through Fortnite and the Unreal Engine. He passionately makes the case for an open metaverse while challenging the monopolistic behavior of tech giants like Apple and Google.
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Market Volatility
- Increased passive investing could make stock markets more volatile.
- This is because passive investors buy and hold stocks, regardless of price fluctuations, unlike active investors who adjust portfolios based on value.
Passive Investing on the Rise
- Passive investing, or putting money in index funds, is gaining popularity.
- This is because most active managers don't outperform the market while charging higher fees.
WhatsApp's Disinformation Fight
- WhatsApp is trying to limit message virality by adding "frictions."
- They're making it harder to share content and using AI to detect unusual messaging patterns to fight disinformation.