Facebook funding anti-TikTok lobbyists with Taylor Lorenz + SEC SPAC crackdown, Fast vs. Bolt | E1422

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 30 March 2022

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First up, Taylor Lorenz joins to talk about her newest scoop for the Washington Post: Facebook hired a GOP firm to trash TikTok (2:18)! Then, we discuss the SEC considering cracking down on SPACs (39:40), lastly we cover Fast, a 500-person one-click checkout startup, reportedly generating less than $1M in revenue (1:01:14).

Read Taylor's Article: https://www.washingtonpost.com/technology/2022/03/30/facebook-tiktok-targeted-victory/

Taylor Lorenz’s book: www.goodreads.com/book/show/58818667-extremely-online

FOLLOW Taylor: https://twitter.com/TaylorLorenz
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

(00:00) Jason and Molly intro the show
(02:18) Taylor Lorenz from the Washington Post on Facebook using Targeted Victory
(11:27) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
(12:41) Separating the legitimate concerns from fake stories
(21:03) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(22:21) Measuring the likelihood of TikTok being banned in the U.S.
(31:20) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(32:37) Should journalists be encouraged to build their own brands?
(39:40) SEC meeting TODAY (3/30/22) to discuss crackdown on SPACs, specifically allowing investors to SUE over “embellished projections”
(1:01:14) Bolt’s one-click checkout competitor “Fast” having trouble raising $100M at a $1B valuation, according to The Information

Transcript

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0:00.0	Okay, everybody, we have a huge, huge, huge show for you today, lots of fascinating news
0:05.1	and special guests, special guest, the queen of TikTok Taylor Lorenz to talk about her
0:10.4	newest group for the Washington Post, because they just keep coming, Jason calls them the
0:14.3	Taybomb.
0:15.3	I think we can all agree that's what they are.
0:17.1	In this case, Facebook hired a GOP public relations firm to trash TikTok.
0:22.4	I love that we don't call them meta, we're just going to stick with Facebook, we're not
0:26.0	buying what you're selling.
0:27.2	Yeah, still Facebook, it still knows them.
0:29.7	And the SEC in additional news is considering cracking down on SPACs a little bit and we
0:35.2	talk about how you should contextualize making bets on risky companies and what kind of
0:40.1	disclosures perhaps would help the SPAC space become a little more respected and maybe
0:47.2	a little more disclosure that could help it with, let's face it, it's been a rough ride
0:52.0	for the last year for SPACs.
0:54.2	Speaking of making big bets, we're going to talk about fast, a one-click check out startup
0:59.2	that seems to be going slow, huh, huh, huh, huh, huh, huh, huh, huh, huh, huh, huh, huh,
1:03.6	The beef is being braised, it's got to be a great show, stick with us.
1:23.3	This week in startups is brought to you by Coda.
1:26.8	Coda is the all-in-one dock for teams, if you've got a stack of niche workflow tools or
1:32.6	if you're buried in docks and spreadsheets, Coda is the dock that brings it all together.
1:38.1	Startups can get a $1,000 credit at coda.io slash twist.
1:43.6	Lemon.io Need to speed up your product development without draining your budget?
	...

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