Will AI improve our lives or exterminate the species?

What would it take to abolish poverty?

Are you eating enough fermented foods?

These are some of the questions we've tackled recently on the next big idea.

I'm Rufus Griscombe, and every week I sit down with the world's leading thinkers

for in-depth conversations that will help you live, work, and play smarter.

Follow the next big idea wherever you get your podcasts.

LinkedIn Presents. Welcome to the big technology podcast, a show for cool-headed, nuanced conversation of the tech world and beyond.

Well, it's been a big tech wipeout. Earnings last week was a true

disaster for these companies. We have meta falling off the face of the earth. Amazon dropping 20%,

and after hours before it returned a little bit. But it's been brutal. Microsoft had a bad week.

Snap had a bad week. I mean, take your pick. Even Apple, which had a good week, beat earnings expectations, also saw some shortage.

So, you know, as we, as we tend to do on the podcast, we are going to break down what the

heck is happening with big tech, whether this is a blip in the radar or some bigger

structural issues.

And joining us to do it is Eric Jackson.

He's the president and

portfolio manager of EMJ Capital. One of my favorite follows on Twitter based out of Toronto.

Eric, welcome to the show. Hey, Alex. Thanks for having me. Great to be here. Yeah, great to

have you. We spent Monday, I think, on the set of CNBC. It's been the week's been a blur talking about whether

Mark Zuckerberg would rein in his spending on the metaverse as investor Brad Gersoner asked him to do.

He did it. And Wall Street is really metting out the cost. So we'll get into that. But just briefly from

...