Has the Silicon Valley Bubble Burst? A Conversation w Jessica Lessin & William Cohan

On with Kara Swisher

New York Magazine

Society & Culture

4.2 • 3.2K Ratings

🗓️ 26 January 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rapid-fire layoffs, activist investors at the gate and tumbling stock prices — tech has had a bad year. But Kara tells Nayeema she’s seen it all before and that the industry, if not all its captains, will survive this shake-up, too. In the panel interview, Kara is joined by two other journalists: Jessica Lessin, founder and CEO of The Information, a scoop-laden tech news platform covering Silicon Valley, and William Cohan, a former M&A banker and a founding partner at Puck, another excellent source for scoops. They tackle what’s behind the long decline, and recent rally, of tech stocks, and when and how the Valley will bounce back. Then they zoom in on what Meta, Google, Microsoft, Amazon, Apple and Netflix will need to zoom in on to survive the storm. And Jessica offers a theory: the time is ripe for a changing of the old tech guard. Sorry, Elon — it may be time to step aside. You can find Kara and Nayeema on Twitter @karaswisher and @nayeema. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:31.0	It's over!
0:37.0	Hi everyone from New York Magazine in the Vox Media Podcast Network.
0:40.0	This is mad money with 64% less screaming.
0:44.0	Just kidding, this is on with Kara Swisher and I'm Kara Swisher.
0:48.0	And I'm name Araza 64%.
0:50.0	That is how much meta stock price dropped in 2022.
0:53.0	And that was good actually. Some of the others were down 80, 90.
0:56.0	Apple was sort of the best in around the 20 range,
0:59.0	which was considered up given how much tech stocks were hit.
1:02.0	But yeah, pretty big declines.
1:04.0	There's a little bounce back happening right now in the markets.
1:06.0	It was January. People are feeling good, Kara.
1:09.0	The stock prices, Bitcoin is up.
1:11.0	Yeah, okay.
1:12.0	Is that why you're out in San Francisco?
1:14.0	No, no, I'm just here because I'm just here. I love San Francisco.
	...

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