$NFLX earnings, Reed Hastings steps down, Google's 6% RIF & Ok Boomer with Mike O'Brien | E1662
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 20 January 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
Molly and Jason tackle Netflix's stellar fourth-quarter earnings and the news that Reed Hastings is stepping down as CEO. (1:55) Plus, they delve into Google's announcement to lay off 6% of its workforce (17:00), and the former MySpace founders raised a $32M Seed round for their new gaming startup PLAI. (28:55) Lastly, Producer Rachel is back with another segment of Ok Boomer with Mike O'Brien! (36:47)
(0:00) M+J kick off the show
(1:55) Netflix earnings + Reed Hastings steps down as CEO
(9:29) Crowdbotics - Get a free scoping session for your next big app idea at crowdbotics.com/twist
(9:37) Netflix's future
(17:00) Google to layoff 6% of their staff
(23:37) Mixpanel - Apply for $50K in credits at https://mixpanel.com/startups
(20:50) Will Apple do a RIF?
(28:55) Former MySpace founders raise $32M for their new startup PLAI
(33:53) This Week in Startups 90-second survey - Enter for a chance to win a $50 amazon gift card at www.thisweekinstartups.com/survey
(35:19) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20
(36:47) Ok Boomer with Mike O'Brien
Bloomberg Article: https://www.bloomberg.com/news/newsletters/2023-01-20/reed-hastings-retires-as-netflix-ceo-with-a-long-list-of-wins
FOLLOW Mike: https://twitter.com/mikeobrienn
FOLLOW Rachel: https://twitter.com/_rachelbraun
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | It's Friday, we made it. Sick is a dog. |
| 0:03.3 | I was going to say Jason's crawling toward the finish air, but he did it. |
| 0:06.3 | Literally, literally crawling. I am so weak right now, but there were so much amazing news. |
| 0:11.4 | I felt like I couldn't not show up today. Netflix earnings were spectacular and Google stock |
| 0:18.7 | is surging because they laid people off. So two ways to win in our industry today, |
| 0:24.3 | either crush it on your earnings and subscribers and performance or just cut 10,000 people |
| 0:32.8 | and your stock will go to the moon. Same thing, one of those things seems easier than the other, |
| 0:36.2 | but I don't know if I recommend it. Exactly. And then we're going to talk about the former founders |
| 0:41.6 | of MySpace raising $32 million from A16Z for their new video game venture. And Jason will let |
| 0:47.0 | us know why even though that sounds kind of crazy. It's kind of probably not. And Rachel's back |
| 0:53.4 | with OK. It's Friday. You know, her mom is now sending her pictures every time she sees |
| 0:57.8 | OK, boom, we're on like a billboard or something. The branding is working for producer Rachel. |
| 1:02.5 | It's going to be a great show. Stick with us. This week in startups is brought to you by |
| 1:07.7 | CrowdBotics. Great ideas can change the world. And CrowdBotics is the fastest way to turn |
| 1:12.9 | those ideas into code. Get a free scoping session for your next big app idea at |
| 1:18.8 | CrowdBotics.com slash twist. Mixed panel. Mixed panel helps startups find product market fit |
| 1:26.1 | faster by offering powerful self-serve product analytics. Apply today to join Mixed panel startup |
| 1:32.7 | program and get $50,000 in credits at mixpanel.com slash startups. And House of Macadamias. |
| 1:42.8 | House of Macadamias is the next big health trend. Get 20% off your first purchase at |
| 1:49.2 | houseofmacadamias.com slash twist by using code twist 20. |
| 1:55.6 | All right. Looks like Netflix is back. Netflix is back. Maybe you were right. Feeling this |
| 2:01.6 | advertising being my work. And so have they rolled that out yet? Well, anyway, we'll start with the |
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