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All-In with Chamath, Jason, Sacks & Friedberg

E98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Alllin, Coronavirus, Calacanis, Palihapitiya, Health, Sacks, Friedberg, Allin, Entrepreneurship, Covid19, Gambling, Grow, Investing, Iq, Tips, Tech, Business, Jason, Startups, Poker, Technology, Money, Learn, Davidsacks, Davidfriedberg, Chamath

4.27.1K Ratings

🗓️ 1 October 2022

⏱️ 80 minutes

🧾️ Download transcript

Summary

0:00 Bestie intros!

1:36 Big tech starts making cuts, plus what this means for the broader economy and startups

31:09 Global debt numbers, Fed incompetency

54:06 RIP Coolio

1:00:30 Russia / Ukraine update

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.bloomberg.com/news/articles/2022-09-29/meta-announces-hiring-freeze-warns-employees-of-restructuring

https://www.google.com/finance/quote/META:NASDAQ

https://www.google.com/finance/quote/AAPL:NASDAQ

https://www.google.com/finance/quote/GOOG:NASDAQ

https://www.cnbc.com/2022/09/28/stanley-druckenmiller-sees-hard-landing-in-2023-with-a-possible-deeper-recession-than-many-expect.html

https://www.google.com/finance/quote/NFLX:NASDAQ

https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/if-youre-going-to-build-something-from-scratch-this-might-be-as-good-a-time-as-in-a-decade

https://www.forbes.com/sites/jonathanponciano/2021/05/11/billionaire-investor-druckenmiller-blasts-feds-radical-stimulus-policy-warns-it-risks-stock-bubble-blowing-up

https://www.cnbc.com/2022/09/28/cnbc-transcript-duquesne-family-office-chairman-ceo-stanley-druckenmiller-speaks-with-cnbcs-joe-kernen-live-during-the-cnbc-delivering-alpha-conference-today.html

https://www.xe.com/currencycharts/?from=GBP&to=USD&view=1M

https://www.bls.gov/charts/job-openings-and-labor-turnover/unemp-per-job-opening.htm

https://fred.stlouisfed.org/series/JTSJOL

https://www.wsj.com/articles/a-nation-of-quitters-great-enabling-exodus-working-age-men-parents-stimulus-covid-quit-retirement-bohemian-videogame-11664112795

https://goop.com/subscribe

https://www.reuters.com/world/putin-host-kremlin-ceremony-annexing-parts-ukraine-2022-09-29

https://www.reuters.com/world/europe/zelenskiy-says-ukraine-applying-nato-membership-2022-09-30

https://www.reuters.com/world/europe/qa-nord-stream-gas-sabotage-whos-being-blamed-why-2022-09-30

https://www.aa.com.tr/en/economy/former-polish-foreign-minister-thanks-us-for-damaging-nord-stream-pipeline/2696530

https://www.theamericanconservative.com/should-america-go-all-in-on-ukraine

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, everybody, welcome to episode 98 of the All in Podcast with us again.

0:05.6

The Sultan of Science, the Queen of Kinwa, looks like he brought a trucker hat.

0:10.2

What, what, what, are you getting jealous of the Monclerot or are you just not bathing in it?

0:14.1

No, I need a hammer. I haven't had air gun like six weeks. I'm getting my hair cut this afternoon.

0:18.0

Not going to make a difference. I think what Freeberg is trying to tell us is that he is the zodiac killer.

0:23.8

It's long been known.

0:25.2

All right, there he is, the unibar. All right. And Monclerot sacks is here with his $400 Monclerot hat.

0:33.2

And of course, the dictator himself. I asked Ron to cut my hair so that the white patch is more prominent.

0:41.2

I think he did a good job. Do you add the white patch with coloring or is it?

0:45.2

No, it's natural. It's just there. It's just there. No, you look so odd if you were doing it on purpose.

0:51.2

It's super random. I like the way it looks.

0:54.2

Jay Leno had a look like that. I'm about to go, by the way, you know this.

0:59.2

In the fall, it truffle season. I like to grow it so that it's more wavy white for white truffle season.

1:04.2

Got it. I needed to have a reset cut so that then we could grow it wavy for the fall for truffle season.

1:10.2

Listen to Mothy. The only thing less relevant to us than your casual sweaters is your f***ing haircut.

1:16.2

What are you?

1:23.2

What are you?

1:28.2

We open source into the fans and they've just gone crazy with love you guys.

1:35.2

All right, second now is the hiring freeze and a reorg at meta. He also said meta will reduce headcount for the first time in its history.

1:44.2

This headcount in 2023 will be smaller than it was this year. He called it the end of an era of rapid growth.

1:51.2

This on top of Apple reporting and Apple got walloped in the market for the first time in forever.

1:58.2

Apple pull back iPhone production for the 14 after slower than anticipated demand.

...

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