The Prof G Pod with Scott Galloway Prof G Markets: Meta’s AI Promise, Microsoft’s Disappointing Beat & Why Google Should Spin Youtube
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Nov 4, 2024 The podcast dives into the latest financial performances of tech giants like Google, Microsoft, and Meta, revealing their strategic moves in a competitive landscape. It discusses the impact of recent GDP growth on market dynamics and examines the budding weight loss drug market, centering on GLP-1 medications. The hosts analyze why advertisers are pivoting away from traditional media and predict shifts in voter sentiment influenced by economic data. As always, humor and insights blend seamlessly in their exploration of the tech world.
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US Economic Strength
- The US economy is outperforming other developed nations, with 2.8% GDP growth in Q3.
- This strong growth, combined with low inflation, makes a compelling economic argument for Kamala Harris.
Reddit Investment
- Scott Galloway invested $3 million in Reddit's IPO, but trimmed his holdings early.
- He believes Reddit still has growth potential, citing its 68% YoY revenue increase and global expansion.
Reddit's Growth Drivers
- Reddit's success is driven by AI-powered translation and Google's algorithm change.
- Google now prioritizes authentic user-generated content, benefiting platforms like Reddit.