All-In E90: Twitter subpoenas, market overview, Pelosi's Taiwan visit & more
Episode 90 • 8/5/2022
Twitter vs Musk Legal Battle
- David Sacks received a broad subpoena from Twitter's lawyers as a non-party to the lawsuit
- Sacks showed the physical subpoena and criticized Twitter's lawyers for demanding his communications related to public tweets
- Twitter appears to be investigating potential coordination between Elon Musk and his associates
- Group agrees this seems like an expensive fishing expedition by Twitter's legal team
Market & Economic Overview
- Gas and oil prices declining significantly, indicating potential inflation relief
- Job openings dropped by ~500k in one month, suggesting cooling labor market
- S&P 500 rallying to ~4,150 level
- Chamath predicts potential rally to 4,200-4,300 but warns about:
- European energy crisis complications
- Food security issues
- Emerging market instability
- Consumer credit concerns
Pelosi's Taiwan Visit Discussion
- Sacks criticized the trip as "self-indulgent and reckless" given Biden administration's opposition
- Group discussed strategic importance of Taiwan in "island chain" containment strategy against China
- Debated whether trip strengthened or damaged US-Taiwan relationship
- Concerns raised about economic repercussions (e.g., CATL factory announcement delay)
- Discussion of increasing likelihood of US-China conflict over Taiwan
Key Trends
- Move toward deglobalization and its inflationary impacts
- Higher prices likely to persist as countries build redundant supply chains
- Growing bipartisan support for Taiwan defense despite policy contradictions
- Questions about Biden administration's control over foreign policy messaging