Facebook’s Fallout w/ David Sacks on Defense, Apple’s Appeal in Epic Games Case, and Checking up on the Metaverse

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 11 October 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors are back this Monday with friend of the show Lo Toney of Plexo Capital co-hosting while Carl is out. The gang digs into the Facebook fallout after last week’s complications for the social network and Apple’s appeal of the recent epic games ruling. We then turn to CNBC’s Dom Chu for a look at today’s opportunities amid the month’s volatility in the tech sector. We’re then joined by Craft Ventures Co-Founder & early Facebook investor David Sacks who is defending the social network post-whistleblower hearing. Then, Byron Deeter of Bessemer Ventures is back to talk the momentum in software stocks so far this year. Later, CNBC.com’s MacKenzie Sigalos reports on states trying to attract Bitcoin miners. And finally, Jefferies analyst Andrew Uerkwitz says going outside is overrated…turn your focus to the metaverse. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC to Tech Check.
0:27.7	I'm John Ford with Julia Borsden.
0:29.2	Carl is off this morning.
0:31.3	We're going to have our good friend Lowe.
0:32.8	Tony of Plexo Capital joining us.
0:35.0	Hey, Lowe.
0:36.1	Today, NASDAQ adds to its gains from last week coming off its best performance since
0:41.1	early September.
0:42.2	Top picks in the tech, including today's Chinese Internet stock rebound, are next.
0:46.9	Plus, Facebook upgrades from a poke to a nudge, Mark Zuckerberg and Cheryl Sandberg's
0:52.1	new strategy toward teens and potentially harmful content.
0:55.8	And later, Apple going for total victory here.
0:58.0	The company is appealing the epic ruling, as is epic.
1:00.9	After Apple first said, the ruling was a resounding victory.
1:03.8	Those stories in just a moment.
1:07.3	But we are going to start with the market and a tech sector that has been defined by the volatility in the early part of October.
1:14.6	Dom, too, has more on today's opportunities. Dom?
1:17.4	A lot of those pullbacks, Julia, come in the NASDAQ 100, the NASDAQ, the biggest mega-cap and large-cap stocks within the NASDAQ composite overall have seen some of the most volatility.
1:28.3	If you take a look at the NASDAQ 100 and you take a look at those that have fallen from, say, the most from their recent highs set either in September or October,
1:38.6	there's about 11 stocks, 11 companies in that NASDAQ 100 that have fallen by at least 10% from the recent highs that we
1:45.8	saw either in September or October. Now, three of them, in particular with regard to tech and
1:51.2	communications, are ASML holdings. It's still up 50% for the year, but you can see there are a sharp
	...

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