All-In E102: Elon closes Twitter deal, $META uncertainty, Zuck's historic bet, big tech decline & more
Episode 102 • 10/29/2022
Key Discussion Points:
- Twitter Acquisition & Strategy
- Elon Musk closed the Twitter deal at $44B
- The hosts discussed verification and payments as two key potential improvements
- Musk announced formation of a content moderation council for major decisions
- Discussion of how to handle controversial figures like Trump and Kanye West
- Meta's Earnings & Metaverse Investment
- Meta stock dropped significantly after disappointing earnings
- Company plans to spend $25B+ annually on Reality Labs/metaverse
- Hosts debated whether this level of investment is justified
- Comparison made to other major technology investments in history (Manhattan Project, Apollo Program)
- Big Tech Earnings & Market Impact
- Major tech companies (except Apple) reported disappointing earnings
- Discussion of how these companies now represent a smaller percentage of S&P 500
- Analysis of whether market bottom may be forming despite tech weakness
- Economic Outlook
- GDP grew 2.6% in Q3 but concerns remain about 2023 recession
- Discussion of rising mortgage rates and declining job openings
- Debate about Fed policy and potential recession risks
- Foreign Policy Discussion
- Analysis of Ukraine situation and diplomatic options
- Discussion of US-China tensions around semiconductor restrictions
- Debate about balancing multiple geopolitical challenges simultaneously
Science Corner: The episode concluded with a discussion about new research linking gut bacteria to rheumatoid arthritis through protein mimicry, highlighting potential new treatment pathways.
Notable Exchanges: Discussion about Twitter's potential: The hosts explored how verification and payments could transform Twitter's user experience and business model.
Meta investment analysis: Chamath presented detailed analysis comparing Meta's planned metaverse investment to other historic technology investments.
Foreign policy debate: David Sacks defended diplomatic engagement while discussing broader foreign policy challenges.